Xponential Fitness reported in a regulatory filing that the Securities and Exchange Commission (SEC) had concluded an 18-month investigation of the company on July 1 without taking action.
The owner of several fitness boutiques stated that on December 11, 2023, the company was contacted by the SEC, which requested that it provide certain documents. Xponential Fitness noted in the SEC filing, “Over the past 18 months, the company has fully cooperated with the SEC’s investigation. On July 1, 2025, the SEC informed the company that it had concluded its investigation without action.”
In March 2025, Xponential Fitness announced a restatement of 2023 financial statements to correct accounting errors primarily related to accrued inventory, 401(k) compliance, purchase accounting, and vendor rebates. The net impact of the 2023 corrections increased its net loss from $1.7 million to $6.4 million and decreased Adjusted EBITDA from $105.3 million to $100.3 million. At the time, Xponential Fitness said the restatement “is not a result of any substantive change to the company’s operations or business performance for the corrected periods and had no impact on the company’s overall cash position or net cash flows.”
Xponential Fitness’ boutiques include Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, Rumble, BFT, and Lindora.
Image courtesy Xponential Fitness
