Securities Fraud Investigation Into Xponential Fitness, Inc. (XPOF) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
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.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON XPONENTIAL FITNESS, INC. (XPOF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
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.
Contact Us To Participate or Learn More:
If you purchased Xponential securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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