Xponential Fitness, Inc. announced that Chief Financial Officer John Meloun will separate from the company effective March 9, 2026, and that Robert Julian will serve as interim CFO beginning March 16, 2026. Meloun’s eight‑year tenure included oversight of the company’s restructuring and debt‑refinancing initiatives, and his departure follows a period of legal and regulatory challenges, including a $17 million FTC settlement and a $22.75 million payment to franchisees.
Julian, who brings more than 30 years of financial experience, will assume responsibility for the company’s financial reporting, capital allocation, and investor relations. “Looking ahead, I have full confidence in Robert’s ability to lead the business forward as he assumes the interim Chief Financial Officer role. Robert brings deep financial expertise, significant public company experience in the consumer space, and a steady, strategic approach that will be invaluable as we focus on execution to drive long‑term value for our franchisees, partners, and shareholders,” CEO Mike Nuzzo said.
The CFO transition comes amid Xponential’s ongoing turnaround strategy, which focuses on streamlining its brand portfolio and improving franchisee profitability. The company’s Q4 2025 earnings report, released February 26, 2026, showed a revenue of $83.0 million—down $0.3 million from the prior year period—and an adjusted net loss of $45.6 million, an improvement from a $62.5 million loss in Q4 2024. Adjusted earnings per share missed estimates by $0.88, falling short of the consensus $0.03. The miss reflects the company’s exposure to legal settlements and the cost of restructuring efforts.
Segment data from the same report revealed that franchise revenue grew 14 % year‑over‑year, while equipment revenue declined 45 %. The company’s focus on its flagship Club Pilates brand and other core franchises is intended to offset the weaker equipment segment and support long‑term profitability. In addition, Xponential completed a $525 million term loan and a $25 million revolving credit facility in December 2025, refinancing existing debt and eliminating convertible preferred stock to improve financial flexibility.
Looking ahead, Xponential reaffirmed its 2026 revenue guidance at $260.0 million to $270.0 million, a 16 % decrease at the midpoint compared to the 2025 full‑year revenue of $314.9 million. The guidance signals management’s concern about near‑term demand softness and the impact of ongoing legal and regulatory headwinds. “We acknowledge that over the past few years, legal and regulatory hurdles, underperforming brand acquisitions and divestitures, and organizational challenges limited our ability to consistently execute best‑in‑class support capabilities,” Nuzzo added. Investors reacted to the earnings miss and guidance, with analysts noting concerns about the company’s headwinds and the need for continued execution to restore profitability.
On behalf of the entire Xponential team, I would like to thank John for his significant contributions to the Company over the past eight years. We appreciate his efforts and wish him continued success in his next chapter.”
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