The Law Offices of Frank R. Cruz announces an investigation of Xponential Fitness, Inc. (“Xponential” or the “Company”) (NYSE: XPOF) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On March 13, 2025, after market hours, Xponential issued a press release announcing fourth quarter and full year 2024 financial results. The press release disclosed the Company had determined its “financial statements for its fiscal year ended December 31, 2023 should be restated” and “should no longer be relied upon.” The Company revealed “the 2023 restatement corrects accounting errors primarily related to accrued inventory, 401(k) compliance, purchase accounting, and vendor rebates.” The Company further revealed that the impact of the restatement “increased net loss from $1.7 million to $6.4 million, and decreased Adjusted EBITDA from $105.3 million to $100.3 million.”

On this news, Xponential’s stock price fell $4.66, or 38.4%, to close at $7.46 per share on March 14, 2025, thereby injuring investors.