HUMAN Sightline Revolutionizes Bot Management with AI-Enhanced Insights to Detect, Isolate, and Track Attackers
HUMAN Sightline Revolutionizes Bot Management with AI-Enhanced Insights to Detect, Isolate, and Track Attackers
NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- HUMAN Security, Inc., a leading cybersecurity company committed to safeguarding every step of the customer's online journey by defending against bots, fraud, and digital risk, announced today HUMAN Sightline, an innovative suite of capabilities that detects, isolates, and tracks individual bot profiles. HUMAN Sightline enables security teams to conduct faster investigations and optimize their response to evolving threats in the era of AI. This fundamentally transforms bot management by delivering never-before-seen insights into automated traffic.
'The bot mitigation landscape is swiftly evolving with the proliferation of AI-generated threats, and the industry can no longer rely on last-gen methods to detect and investigate next-gen threats,' 'Bots are becoming more sophisticated, and organizations must respond with advanced detection techniques to protect their business and drive security optimization strategies at scale. With HUMAN Sightline, we are putting data-driven investigation tools straight into the hands of our customers and their security teams.'
With HUMAN Sightline, customers can isolate individual attacker profiles and uncover what each one is doing in granular detail. HUMAN's secondary detection engine analyzes all automated activity on an application and segments it into distinct profiles, going beyond simple anomaly detection or basic signature mapping. Using sophisticated data modeling, HUMAN Sightline identifies and tracks nuanced shifts in bot behavior as they occur. This enables security analysts to see the activity of individual bot profiles over time, as well as their sophistication, capabilities, and the specific factors that distinguish them from humans and other bots on the application.
"The responsibility of security is making decisions, and HUMAN Sightline helps us make decisions," said Omri Lotan, Site Reliability Engineer at Fiverr. "Of course, we want to block bots, but when a tool just blocks bots without explaining why, I still have to investigate it. HUMAN Sightline gives me all the details I need to understand what exactly a bot was doing and why it was blocked. I can zero in on specific threat behaviors and turn these learnings into targeted mitigation strategies."
HUMAN Sightline offers three key benefits that revolutionize bot management:
Focus and accelerate investigations: Surfaces distinct bot activities, attack paths, and changing behaviors, such as bots targeting specific products or visiting select pages at a glance. Security teams can then uncover hidden patterns and zero in on key attacks, transforming their investigative capabilities.
Translate attack data into a board-ready threat narrative: Allows teams to present business-level visualizations of bot behavior and show the effect of their actions over time. This empowers security teams to lead with data-backed authority, bridging the gap between deep technical analysis and business actions.
Optimize your security strategy for your unique threats: This enables security teams to gain unprecedented clarity on each attacker's actions and intent to define threat priorities. This real-time adaptability empowers security teams to proactively identify new threat patterns, respond faster, and stay agile against evolving risks.
'HUMAN Sightline completely transforms how the industry thinks about bot management,' said Bryan Becker, Senior Director of Project Management at HUMAN. 'In an industry used to anomaly detection as the only way to measure bot attacks, HUMAN Sightline isolates each bot profile to give security practitioners unprecedented visibility into the behavior of specific threats on their application."
HUMAN Sightline insights will be available through a new set of dashboards in HUMAN's Application Protection package. They will also be available in Account Takeover Defense and Scraping Defense at no additional cost.
About HUMANHUMAN is a leading cybersecurity company committed to protecting the integrity of the digital world. We ensure that every digital interaction, transaction, and connection is authentic, secure, and human. Our Human Defense Platform safeguards the entire customer journey with high-fidelity decision-making that defends against bots, fraud, and digital threats. Each week, HUMAN verifies 20 trillion digital interactions, providing unparalleled telemetry data to enable rapid, effective responses to even the most sophisticated threats. Recognized by our customers as a G2 Leader, HUMAN continues to set the standard in cybersecurity. To ensure your digital connections are trusted, visit www.humansecurity.com
Contact information:Masha Krylova, Director of Communicationsmasha.krylova@humansecurity.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65debe93-90d3-4833-b82d-dabd0a88cb38Sign in to access your portfolio
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Buzz Feed
35 minutes ago
- Buzz Feed
BuzzFeed, Inc. Reports Q2 2025 Results And Delivers Strong Revenue Growth
NEW YORK – (August 7, 2025) – BuzzFeed, Inc. ('BuzzFeed,' the 'Company,' 'we,' or 'our') (Nasdaq: BZFD) today announced its financial results for the quarter ended June 30, 2025. The Company delivered strong revenue growth while continuing to execute on its strategy to reduce platform dependencies, expand scalable revenue streams, and invest in future-oriented initiatives. 'I'm proud of what our team was able to accomplish in Q2,' said Jonah Peretti, BuzzFeed Founder and CEO. 'We returned to growth, driven by double digit gains in both commerce and programmatic advertising, our most scalable and tech enabled revenue lines. Our latest feature film hit #1 on Hulu in June. And we've begun beta testing on BF Island, our AI-native social media app. We've transformed and diversified our business and it is gratifying to see these efforts are continuing to bear fruit.' 'This quarter reflects continued momentum in our transformation efforts,' said Matt Omer, BuzzFeed CFO. 'We're seeing strong performance in programmatic advertising and affiliate commerce—two of our most scalable and reliable revenue lines. Combined with a more efficient cost structure and growing direct audience engagement, these results reinforce the durability of our model and our long-term strategy.' Second Quarter 2025 Financial and Operational Highlights for Continuing Operations Total revenue was $46.4 million, compared to $41.1 million in Q2 2024, an increase of 13% year-over-year. Advertising revenue slightly declined to $22.6 million, compared to $23.2 million in Q2 2024, reflecting a 3% drop. This was driven by a $2.3 million, or 31%, decrease in direct-sold advertising revenue, reflecting market softness and the Company's strategic focus on programmatic. Programmatic advertising grew 11% year-over-year to $17.4 million, demonstrating continued improvements in yield and targeting. Content revenue increased 53% to $10.7 million, compared to $7.0 million in Q2 2024. Studio revenue increased nearly fourfold, up $4.7 million year-over-year, primarily driven by the delivery of a feature film project. This was partially offset by a $1.0 million, or 17%, decline in direct-sold content. Commerce and other revenue rose 20% to $13.1 million, compared to $10.9 million in Q2 2024. Organic affiliate commerce grew 23% year-over-year, adding $12.8 million, supported by strong audience demand and an expanding partner base. Net loss from continuing operations was $10.6 million, compared to $5.4 million in Q2 2024, primarily driven by a non-recurring charge on loss on extinguishment of convertible notes. Adjusted EBITDA improved to $2.0 million, compared to $0.8 million in Q2 2024, which reflects a one-time $2.4 million reversal that positively impacted quarterly results and will not recur. Total US Time Spent across BuzzFeed's properties was 69.9 million hours, compared to 71.0 million hours in Q2 2024, with a 3% increase relative to Q1 2025, making BuzzFeed the only company in its competitive set to grow Time Spent this period. Business and Content Highlights Traffic diversification: 61% of BuzzFeed owned and operated traffic now comes from direct visits, internal referrals, and app activity, reducing dependence on external algorithms and platforms. HuffPost's homepage referrals grew 12% year-over-year and now account for three quarters of its total pageviews. Enhanced audience engagement: Nearly half of BuzzFeed and HuffPost's daily users return more than once a week, with logged-in users on tripling over the past two years. Leader in Time Spent: BuzzFeed, Inc. maintained its position with 69.9 million US hours of Time Spent in Q2, with leading all individual competitors at 36.4 million hours and HuffPost recording 20.7 million hours. High-margin revenue stream growth: Both programmatic advertising and organic affiliate commerce delivered year-over-year growth for five consecutive quarters. Studio business momentum: Renewed focus on IP development and long-form content providing protection from algorithmic shifts. Our feature film with Lionsgate, 'F*** Marry Kill,' topped charts as the #1 movie on Hulu in June, and the studio recently wrapped production on the highly anticipated 'Girls Like Girls' with Focus Features. Three more film projects are set to enter production in the second half of 2025. BF Island development: The Company opened beta testing of its AI-native social media platform, and plans to expand to select BuzzFeed community members by the end of Q3. First Half 2025 Results Total revenue reached $82.4 million, compared to $78.1 million in the first half of 2024, an increase of 5%. Net loss from continuing operations improved 29% to $23.1 million, compared to $32.3 million in the first half of 2024. Adjusted EBITDA losses improved significantly by 71% to $3.9 million, compared to $13.5 million in the first half of 2024. Reaffirming Full Year 2025 Financial Outlook Revenue expected in the range of $195 million to $210 million. Adjusted EBITDA expected in the range of $10 million to $20 million. These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to 'Forward-Looking Statements' below for information on factors that could cause our actual results to differ materially from these forward-looking statements. Refer to 'Non-GAAP Financial Measures' below for a description of how Adjusted EBITDA is calculated. While Adjusted EBITDA is a non-GAAP financial measure, we have not provided guidance for the most directly comparable GAAP financial measure — net income (loss) from continuing operations — due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary to forecast such a measure. Accordingly, a reconciliation of non-GAAP guidance for Adjusted EBITDA to the corresponding GAAP measure is not available. Quarterly Conference Call BuzzFeed's management team will hold a conference call to discuss our second quarter 2025 results today, August 7, at 5:00 PM ET. The call will be available via webcast at under the heading News and Events, and parties interested in participating must register at the same location. While it is not required, it is recommended you join 5 minutes prior to the event start time. A replay of the call will be made available at the same URL. We have used, and intend to continue to use, the Investor Relations section of our website at as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. Definitions BuzzFeed reports revenues across three primary business lines: Advertising, Content, and Commerce and other. The definition of ' Time Spent ' is also set forth below. Advertising revenues are primarily generated from advertisers, both programmatically and directly, for ads distributed against our editorial and news content, including display, pre-roll, and mid-roll video products. We distribute these ad products across our owned and operated sites as well as third-party platforms, primarily YouTube and Apple News. Content revenues are primarily generated from clients for custom assets, including both long-form and short-form content, from branded quizzes to Instagram takeovers to sponsored content. Studio generally includes revenue from films, content licensing, TV projects, and other projects inspired by BuzzFeed IP. Commerce and other revenues consist primarily of affiliate commissions earned on transactions initiated from our editorial shopping content. Revenues from our product licensing businesses are also included here. Time Spent captures the time audiences spend engaging with our content across our owned and operated sites, as well as YouTube and Apple News, as measured by Comscore. This metric excludes time spent with our content on platforms for which we have minimal advertising capabilities that contribute to our advertising revenues, including Instagram, TikTok, Facebook, Snapchat, and X (formerly Twitter). There are inherent challenges in measuring the total actual number of hours spent with our content across all platforms; however, we consider the data reported by Comscore to represent industry-standard estimates of the time actually spent on our largest distribution platforms with our most significant monetization opportunities. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures and represent key metrics used by management and our board of directors to measure the operational strength and performance of our business, to establish budgets, and to develop operational goals for managing our business. We define Adjusted EBITDA as net (loss) income from continuing operations, excluding the impact of net (loss) income attributable to noncontrolling interests, income tax provision (benefit), interest expense, net, other expense (income), net, depreciation and amortization, stock-based compensation, change in fair value of warrant liabilities, restructuring costs, transaction-related costs, certain litigation costs, and other non-cash and non-recurring items that management believes are not indicative of ongoing operations. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue for the same period. We believe Adjusted EBITDA and Adjusted EBITDA margin are relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by our management. There are limitations to the use of Adjusted EBITDA and Adjusted EBITDA margin, and our Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes. Adjusted EBITDA and Adjusted EBITDA margin should not be considered a substitute for measures prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Forward-Looking Statements Certain statements in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our management team's expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts (including our outlook for 2025), or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 'affect,' 'anticipate,' 'believe,' 'can,' 'contemplate,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) macroeconomic factors including: adverse economic conditions in the United States and globally, including the potential onset of recession; potential government shutdowns or failure to raise the U.S. federal debt ceiling; current global supply chain disruptions; the ongoing conflicts in the Middle East and between Russia and Ukraine and any related sanctions and geopolitical tensions, and further escalation of trade tensions between the U.S. and its trading partners; tariffs; the inflationary environment; and the competitive labor market; (2) developments relating to our competitors and the digital media industry, including overall demand of advertising in the markets in which we operate; (3) demand for our products and services or changes in traffic or engagement with our brands and content; (4) changes in the business and competitive environment in which we and our current and prospective partners and advertisers operate; (5) our future capital requirements, including, but not limited to, our ability to obtain additional capital in the future, any restrictions imposed by, or commitments under, agreements governing any future indebtedness, and any restrictions on our ability to access our cash and cash equivalents; (6) developments in the law and government regulation, including, but not limited to, revised foreign content and ownership regulations, and the outcomes of legal proceedings, regulatory disputes, or governmental investigations to which we are subject; (7) the benefits of our restructuring; (8) our success divesting of companies, assets, or brands we sell, or in integrating and supporting the companies we acquire; (9) our success in launching new products or platforms, including any new social media platform; (10) technological developments including artificial intelligence; (11) our success in retaining or recruiting, or changes required in, officers, other key employees or directors; (12) use of content creators and on-camera talent and relationships with third parties managing certain of our branded operations outside of the United States; (13) the security of our information technology systems or data; (14) disruption in our service, or by our failure to timely and effectively scale and adapt our existing technology and infrastructure; (15) our ability to maintain the listing of our Class A common stock and warrants on The Nasdaq Stock Market LLC; and (16) those factors described under the sections entitled 'Risk Factors' in the Company's annual and quarterly filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that we consider immaterial or which are unknown. It is not possible to predict or identify all such risks. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Contacts
Business Wire
40 minutes ago
- Business Wire
Byline Bancorp, Inc. Completes Private Placement of $75.0 Million of 6.875% Fixed-to-Floating Rate Subordinated Notes
CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. ('Byline' or the 'Company') (NYSE: BY), the parent company of Byline Bank (the 'Bank'), today announced the completion of a private placement of $75.0 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 (the 'Notes'). The Company intends to use the net proceeds of the private placement of the Notes to redeem $75.0 million of outstanding 6.00% Fixed-to-Floating Rate Subordinated Notes due 2030. The Notes will initially bear interest at an annual rate of 6.875% from August 7, 2025 to August 15, 2030, with interest during this period payable semi-annually in arrears. From August 15, 2030 to the stated maturity date or early redemption date, the interest rate will be reset quarterly to a floating rate equal to the then current three-month term Secured Overnight Financing Rate (SOFR) plus 322 basis points, with interest during this period payable quarterly in arrears. The Notes are redeemable by the Company, at its option, in whole or in part, on or after August 15, 2030, and at any time upon the occurrence of certain events. The Notes have been structured to qualify as Tier 2 capital for the Company for regulatory capital purposes. Piper Sandler & Co. acted as sole placement agent for the Notes offering, Vedder Price P.C. served as Byline's legal advisor, and Freshfields US LLP served as legal advisor to the placement agent. The Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release is for informational purposes only and shall not constitute an offer to sell, or the solicitation of an offer to buy any security, nor shall there be any sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The indebtedness evidenced by the Notes is not a deposit and is not insured by the Federal Deposit Insurance Corporation or any other government agency or fund. About Byline Bancorp, Inc. Headquartered in Chicago, Byline Bancorp, Inc. is the parent company of Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.7 billion in assets as of June 30, 2025 and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services including small ticket equipment leasing solutions and is one of the top Small Business Administration lenders in the United States. Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Byline. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', ''should'', ''could'', ''predict'', ''potential'', ''believe'', ''expect'', ''continue'', ''will'', ''anticipate'', ''seek'', ''estimate'', ''intend'', ''plan'', ''projection'', ''would'', ''annualized'', 'target' and ''outlook'', or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements involve estimates and known and unknown risks, and reflect various assumptions and involve elements of subjective judgement and analysis, which may or may not prove to be correct, and which are subject to uncertainties and contingencies outside the control of Byline and its respective affiliates, directors, employees and other representatives, which could cause actual results to differ materially from those presented in this communication. No representations, warranties or guarantees are or will be made by Byline as to the reliability, accuracy or completeness of any forward-looking statements contained in this communication or that such forward-looking statements are or will remain based on reasonable assumptions. You should not place undue reliance on any forward-looking statements contained in this communication. Certain risks and important factors that could affect Byline's future results are identified in its Annual Report on Form 10-K and other reports filed with the SEC, including among other things under the heading 'Risk Factors' in its Annual Report on Form 10-K for the year ended December 31, 2024, and in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Any forward-looking statement speaks only as of the date on which it is made, and Byline undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise unless required under the federal securities laws.
Business Wire
an hour ago
- Business Wire
Xponential Fitness, Inc. Announces Second Quarter 2025 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) ('Xponential' or the 'Company'), one of the leading global franchisors of boutique health and wellness brands, today reported financial results for the second quarter ended June 30, 2025. All financial data included in this release refer to global numbers, unless otherwise noted. All KPI information is presented on an adjusted basis to include full historical data for all brands in the brand portfolio as of June 30, 2025, and to exclude all information for all brands not owned as of June 30, 2025. Definitions for the non-GAAP measures and a reconciliation to the corresponding GAAP measures are included in the tables that accompany this release. Financial Highlights: Q2 2025 Compared to Q2 2024 3 Reported revenue of $76.2 million, a decrease of 1% from the prior year period. Increased North America system-wide sales by 12% to $473.5 million. Reported North America same store sales 4 growth of 1%, compared to growth of 7%. Reported North America quarterly run-rate average unit volume (AUV) of $659,000, compared to $638,000. Posted net income of $1.3 million, or a loss of $0.01 per basic share, on a share count of 35.0 million shares of Class A Common Stock, compared to a net loss of $14.3 million, or a loss of $0.30 per basic share, on a share count of 31.8 million shares of Class A Common Stock. Posted adjusted net income 5 of $14.5 million, or adjusted earnings of $0.26 per basic share, compared to adjusted net income of $0.03 million, or adjusted loss of $0.04 per basic share. Reported Adjusted EBITDA 6 of $28.1 million, compared to $24.7 million. 'We've made meaningful progress on several key initiatives we discussed during our Investor & Analyst Day,' said Mark King, Former CEO of Xponential Fitness, Inc. 'We've expanded our field operations team, executed a new retail partnership, and completed the divestiture of CycleBar and Rumble. That said, we revised guidance reflecting the recent divestiture and proactive investments in the organization intended to position us for a stronger 2026. We'll share more on today's call.' Results for the Second Quarter Ended June 30, 2025 Total revenue decreased $0.7 million, or 1%, to $76.2 million, down from $76.9 million in the prior year period, driven by lower equipment revenue resulting from a decline in installations, as well as a decrease in merchandise sales, partially offset by higher franchise and franchise marketing fund revenue. Net income totaled $1.3 million, or a loss of $0.01 per basic share, compared to a net loss of $14.3 million, or a loss of $0.30 per basic share, in the prior year period. Adjusted net income was $14.5 million, or earnings of $0.26 per basic share, on a share count of 35.0 million shares of Class A Common Stock. Adjusted EBITDA, which is defined as net income (loss) before interest, taxes, depreciation and amortization, adjusted for the impact of certain non-cash and other items that are not considered in the evaluation of ongoing operating performance, was $28.1 million, up 14% from $24.7 million in the prior year period. Liquidity and Capital Resources As of June 30, 2025, the Company had approximately $38.7 million of cash, cash equivalents and restricted cash and $377.8 million in total long-term debt. Net cash provided by operating activities was $8.3 million for the six months ended June 30, 2025. 2025 Outlook The Company is updating its guidance for net new studio openings, system-wide sales, total revenue, and Adjusted EBITDA for full year 2025. Guidance and year-over-year comparisons for net new studio openings and system-wide sales exclude CycleBar and Rumble results in both periods. Guidance compares to 2024 results as follows: Net new studio openings in the range of 170 to 190, or a decrease of 37% at the midpoint; North America system-wide sales in the range of $1.780 billion to $1.800 billion, or an increase of 13% at the midpoint; Revenue in the range of $300.0 million to $310.0 million, or a decrease of 5% at the midpoint; this compares to previous guidance of $315.0 million to $325.0 million; and Adjusted EBITDA in the range of $106.0 million to $111.0 million, or a decrease of 7% at the midpoint; this compares to previous guidance of $120.0 million to $125.0 million. Additional key assumptions for full year 2025 include: Tax rate in the mid-to-high-single digits; Share count of 34.8 million shares of Class A Common Stock for the GAAP EPS and Adjusted EPS calculations. A full explanation of the Company's share count calculation and associated EPS and Adjusted EPS calculations can be found in the tables at the end of this press release; and $1.9 million in quarterly dividends paid related to the Company's Convertible Preferred Stock, or $2.2 million if paid-in-kind. The Company is not able to provide a quantitative reconciliation of the estimated full year Adjusted EBITDA for fiscal year ending December 31, 2025, without unreasonable efforts to the most directly comparable GAAP financial measure due to the high variability, complexity and low visibility with respect to certain items such as taxes, TRA remeasurements, and income and expense from changes in fair value of contingent consideration from acquisitions. The Company expects the variability of these items to have a potentially unpredictable and potentially significant impact on future GAAP financial results, and, as such, it also believes that any reconciliations provided would imply a degree of precision that would be confusing or misleading to investors. Second Quarter 2025 Conference Call The Company will host a conference call today at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss its second quarter 2025 financial results. Participants may join the conference call by dialing 1-877-407-9716 (United States) or 1-201-493-6779 (International). A live webcast of the conference call will also be available on the Company's Investor Relations site at For those unable to participate in the conference call, a telephonic replay of the call will be available shortly after the completion of the call, until 11:59 p.m. ET on Thursday, August 21, 2025, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and entering the replay pin number: 13754206. About Xponential Fitness, Inc. Xponential Fitness, Inc. (NYSE: XPOF) is one of the leading global franchisors of boutique health and wellness brands. Through its mission to deliver the talents, assets, and capabilities necessary for successful franchise growth, the Company operates a diversified platform of six brands spanning modalities including Pilates, barre, stretching, strength training, metabolic health, and yoga. In partnership with its franchisees and master franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations throughout the U.S. and internationally, with franchise, master franchise and international expansion agreements in 49 U.S. states, Puerto Rico, and 30 additional countries. Xponential's portfolio of brands includes Club Pilates, the largest Pilates brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; YogaSix, the largest franchised yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements, and the largest Barre brand in the United States; BFT, a functional training and strength-based program; and Lindora, a provider of medically guided wellness and metabolic health solutions. For more information, please visit the Company's website at Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we believe non-GAAP financial measures are useful in evaluating our operating performance. We use certain non-GAAP financial information, such as EBITDA, Adjusted EBITDA, adjusted net income (loss), and adjusted net earnings (loss) per share, which exclude certain non-operating or non-recurring items, including but not limited to, equity-based compensation expenses and related employer payroll taxes, acquisition and transaction expenses (income), litigation expenses, financial transaction fees and related expenses, tax receivable agreement remeasurement, impairment of goodwill and other noncurrent assets, loss (gain) and ongoing expenses related to brand divestitures and wind down, transformation initiative costs, and charges incurred in connection with our restructuring plan that we believe are not representative of our core business or future operating performance, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively with comparable GAAP financial measures, is helpful to investors because it provides consistency and comparability with past financial performance and provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We seek to compensate such limitations by providing a detailed reconciliation for the non-GAAP financial measures to the most directly comparable financial measures stated in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures and the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. For a reconciliation of non-GAAP to GAAP measures discussed in this release, please see the tables at the end of this press release. Forward-Looking Statements This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated financial performance. Forward-looking statements include, without limitation, statements relating to expected growth of our business; projected number of new studio openings; profitability; the expected impact of our movement away from company-owned transition studios; anticipated industry trends; projected financial and performance information such as system-wide sales; and other statements under the section '2025 Outlook'; our competitive position in the boutique fitness and broader health and wellness industry; and ability to execute our business strategies and our strategic growth drivers. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to: the outcome of ongoing and any future government investigations and litigation to which we are subject; our ability to retain key senior management and key employees; our relationships with master franchisees, franchisees and international partners; difficulties and challenges in opening studios by franchisees; the ability of franchisees to generate sufficient revenues; risks relating to expansion into international markets; loss of reputation and brand awareness; geopolitical uncertainty, including the impact of the presidential administration in the U.S.; trade policies and tariffs; general economic conditions and industry trends; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the full year ended December 31, 2024, filed by Xponential with the SEC, and other periodic reports filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Xponential undertakes no duty to update such information, except as required under applicable law. June 30, 2025 2024 Assets Current assets: Cash, cash equivalents and restricted cash $ 38,679 $ 32,739 Accounts receivable, net 36,700 25,884 Inventories 7,392 10,016 Prepaid expenses and other current assets 14,823 10,678 Deferred costs, current portion 4,813 4,598 Notes receivable from franchisees, net 286 232 Total current assets 102,693 84,147 Property and equipment, net 13,908 14,651 Right-of-use assets 20,277 24,036 Goodwill 127,789 135,240 Intangible assets, net 94,350 100,944 Deferred costs, net of current portion 37,643 39,923 Notes receivable from franchisees, net of current portion 94 100 Other assets 3,061 4,356 Total assets $ 399,815 $ 403,397 Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) Current liabilities: Accounts payable $ 23,066 $ 27,011 Accrued expenses 43,444 31,323 Deferred revenue, current portion 24,462 25,912 Current portion of long-term debt 5,497 5,397 Other current liabilities 16,418 18,244 Total current liabilities 112,887 107,887 Deferred revenue, net of current portion 100,050 105,935 Contingent consideration from acquisitions 6,730 17,729 Long-term debt, net of current portion, discount and issuance costs 352,554 341,742 Lease liability 21,335 23,858 Other liabilities 2,615 251 Total liabilities 596,171 597,402 Commitments and contingencies Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of June 30, 2025 and December 31, 2024 116,810 116,810 Stockholders' equity (deficit): Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of June 30, 2025 and December 31, 2024 — — Class A common stock, $0.0001 par value, 500,000 shares authorized, 35,082 and 33,660 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 3 3 Class B common stock, $0.0001 par value, 500,000 shares authorized, 13,738 and 14,739 shares issued, and 13,663 and 14,664 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1 Additional paid-in capital 497,186 503,850 Receivable from shareholder (17,673 ) (16,891 ) Accumulated deficit (702,791 ) (701,837 ) Treasury stock, at cost, 75 shares outstanding as of June 30, 2025 and December 31, 2024 (1,697 ) (1,697 ) Total stockholders' deficit attributable to Xponential Fitness, Inc. (224,971 ) (216,571 ) Noncontrolling interests (88,195 ) (94,244 ) Total stockholders' deficit (313,166 ) (310,815 ) Total liabilities, redeemable convertible preferred stock and stockholders' deficit $ 399,815 $ 403,397 Expand Xponential Fitness, Inc. Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue, net: Franchise revenue $ 45,353 $ 43,020 $ 89,247 $ 84,774 Equipment revenue 9,509 12,925 20,613 26,825 Merchandise revenue 5,613 6,134 11,868 14,479 Franchise marketing fund revenue 9,461 8,380 18,730 16,212 Other service revenue 6,272 6,444 12,633 14,306 Total revenue, net 76,208 76,903 153,091 156,596 Operating costs and expenses: Costs of product revenue 10,505 13,933 22,477 28,499 Costs of franchise and service revenue 3,955 5,834 8,052 10,881 Selling, general and administrative expenses 24,084 36,989 69,629 73,609 Impairment of goodwill and other noncurrent assets 12,928 12,089 14,843 12,089 Depreciation and amortization 2,973 4,517 5,929 8,953 Marketing fund expense 8,855 7,847 18,212 14,362 Acquisition and transaction expenses (income) (1,915 ) (1,217 ) (10,553 ) 3,298 Total operating costs and expenses 61,385 79,992 128,589 151,691 Operating income (loss) 14,823 (3,089 ) 24,502 4,905 Other expense (income): Interest income (701 ) (387 ) (1,320 ) (750 ) Interest expense 12,975 11,256 24,363 22,801 Other expense 891 253 1,975 862 Total other expense 13,165 11,122 25,018 22,913 Income (loss) before income taxes 1,658 (14,211 ) (516 ) (18,008 ) Income taxes 312 132 797 85 Net income (loss) 1,346 (14,343 ) (1,313 ) (18,093 ) Less: net income (loss) attributable to noncontrolling interests 377 (4,780 ) (359 ) (6,050 ) Net income (loss) attributable to Xponential Fitness, Inc. $ 969 $ (9,563 ) $ (954 ) $ (12,043 ) Net loss per share of Class A common stock: Basic $ (0.01 ) $ (0.30 ) $ (0.11 ) $ (0.59 ) Diluted $ (0.01 ) $ (0.30 ) $ (0.11 ) $ (0.59 ) Weighted average shares of Class A common stock outstanding: Basic 34,972 31,806 34,444 31,465 Diluted 34,972 31,806 34,444 31,465 Expand Xponential Fitness, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net loss $ (1,313 ) $ (18,093 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,929 8,953 Amortization and write off of debt issuance costs 87 124 Amortization and write off of discount on long-term debt 3,664 2,201 Change in contingent consideration from acquisitions (10,553 ) 2,770 Non-cash lease expense 2,207 4,109 Change in tax receivable agreement liability 1,975 862 Bad debt expense 1,163 1,467 Equity-based compensation 5,947 8,138 Non-cash interest (747 ) (649 ) Gain on disposal of assets (931 ) (6,645 ) Impairment of goodwill and other noncurrent assets 14,843 12,089 Changes in assets and liabilities, net of effect of acquisition: Accounts receivable (11,949 ) 1,159 Inventories 2,624 4,309 Prepaid expenses and other current assets (4,146 ) (2,915 ) Operating lease liabilities (1,934 ) (2,965 ) Deferred costs 2,065 2,324 Notes receivable, net 1 2 Accounts payable (4,662 ) 3,919 Accrued expenses 12,127 (2,708 ) Other current liabilities (2,417 ) (988 ) Deferred revenue (7,335 ) (11,067 ) Other assets 1,296 282 Other liabilities 400 (996 ) Net cash provided by operating activities 8,341 5,682 Cash flows from investing activities: Purchases of property and equipment (1,992 ) (2,984 ) Proceeds from sale of assets — 346 Purchase of intangible assets (803 ) (1,016 ) Notes receivable issued (173 ) — Notes receivable payments received 108 393 Acquisition of businesses — (8,500 ) Net cash used in investing activities (2,860 ) (11,761 ) Cash flows from financing activities: Borrowings from long-term debt 10,000 38,701 Payments on long-term debt (2,748 ) (41,178 ) Debt issuance costs (90 ) (269 ) Payment of preferred stock dividend and deemed cash dividend (3,796 ) (1,968 ) Payments of contingent consideration (500 ) — Payments for taxes related to net share settlement of restricted share units (2,097 ) — Proceeds from issuance of common stock in connection with stock-based compensation plans 122 74 Payments for tax receivable agreement — (136 ) Payments for distributions to Pre-IPO LLC Members (432 ) (236 ) Payment received from shareholder — 14 Net cash provided by (used in) financing activities 459 (4,998 ) Increase (decrease) in cash, cash equivalents and restricted cash 5,940 (11,077 ) Cash, cash equivalents and restricted cash, beginning of period 32,739 37,094 Cash, cash equivalents and restricted cash, end of period $ 38,679 $ 26,017 Expand Xponential Fitness, Inc. Net Income (Loss) to GAAP EPS (Unaudited) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Numerator: Net income (loss) attributable to XPO Inc. - diluted $ 1,346 $ (14,343 ) $ (1,313 ) $ (18,093 ) Less: net loss attributable to noncontrolling interests 156 4,827 1,460 9,547 Less: dividends on preferred shares (1,898 ) (2,150 ) (3,796 ) (4,013 ) Less: deemed contribution (dividend) — 2,012 — (6,094 ) Net loss attributable to XPO Inc. - basic and diluted (396 ) (9,654 ) (3,649 ) (18,653 ) Denominator: Weighted average shares of Class A common stock outstanding - basic and diluted 34,972 31,806 34,444 31,465 Net loss per share attributable to Class A common stock - basic $ (0.01 ) $ (0.30 ) $ (0.11 ) $ (0.59 ) Net loss per share attributable to Class A common stock - diluted $ (0.01 ) $ (0.30 ) $ (0.11 ) $ (0.59 ) Anti-dilutive shares excluded from diluted loss per share of Class A common stock: Restricted stock units 1,850 2,263 1,850 2,263 Conversion of Class B common stock to Class A common stock 13,663 16,016 13,663 16,016 Convertible preferred stock 8,112 8,112 8,112 8,112 Treasury share options 75 75 75 75 Rumble contingent shares 2,024 2,024 2,024 2,024 Profits interests, time vesting — 1 — 1 Expand Xponential Fitness, Inc. Reconciliations of GAAP to Non-GAAP Measures (Unaudited) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income (loss) $ 1,346 $ (14,343 ) $ (1,313 ) $ (18,093 ) Interest expense, net 12,274 10,869 23,043 22,051 Income taxes 312 132 797 85 Depreciation and amortization 2,973 4,517 5,929 8,953 EBITDA 16,905 1,175 28,456 12,996 Equity-based compensation 2,666 4,196 5,947 8,138 Employer payroll taxes related to equity-based compensation 144 109 259 422 Acquisition and transaction expenses (income) (1,915 ) (1,217 ) (10,553 ) 3,298 Litigation expenses (benefit) (4,921 ) 3,388 11,268 4,086 Financial transaction fees and related expenses 139 425 442 620 TRA remeasurement 891 253 1,975 862 Impairment of goodwill and other noncurrent assets 12,928 12,089 14,843 12,089 Loss and ongoing expenses due to brand divestitures and wind down (excluding impairments) — 922 81 864 Executive transition costs — 690 — 690 Non-recurring rebranding expenses — 331 — 331 Transformation initiative costs — — 889 — Restructuring and related charges (excluding impairments) 1,263 2,325 1,818 10,210 Adjusted EBITDA $ 28,100 $ 24,686 $ 55,425 $ 54,606 Expand Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Net income (loss) $ 1,346 $ (14,343 ) $ (1,313 ) $ (18,093 ) Acquisition and transaction expenses (income) (1,915 ) (1,217 ) (10,553 ) 3,298 TRA remeasurement 891 253 1,975 862 Impairment of goodwill and other noncurrent assets 12,928 12,089 14,843 12,089 Loss (gain) and ongoing expenses due to brand divestitures and wind down (excluding impairments) — 922 81 864 Restructuring and related charges (excluding impairments) 1,263 2,325 1,818 10,210 Adjusted net income $ 14,513 $ 29 $ 6,851 $ 9,230 Adjusted net income attributable to noncontrolling interest 4,077 10 1,786 3,194 Adjusted net income attributable to Xponential Fitness, Inc. 10,436 19 5,065 6,036 Dividends on preferred shares (1,365 ) (1,423 ) (2,695 ) (2,641 ) Adjusted earnings (loss) per share - basic numerator $ 9,071 $ (1,404 ) $ 2,370 $ 3,395 Add: Adjusted net income attributable to noncontrolling interest 4,077 — 1,786 3,194 Add: Dividends on preferred shares 1,365 — 2,695 2,641 Adjusted earnings (loss) per share - diluted numerator $ 14,513 $ (1,404 ) $ 6,851 $ 9,230 Adjusted net earnings (loss) per share - basic $ 0.26 $ (0.04 ) $ 0.07 $ 0.11 Weighted average shares of Class A common stock outstanding - basic 34,972 31,806 34,444 31,465 Adjusted net earnings (loss) per share - diluted $ 0.26 $ (0.04 ) $ 0.12 $ 0.17 Effect of dilutive securities: — — — — Convertible preferred stock 8,112 — 8,112 8,112 Conversion of Class B common stock to Class A common stock 13,664 — 14,062 16,356 Weighted average shares of Class A common stock outstanding - diluted 56,748 31,806 56,618 55,933 Shares excluded from adjusted dilutive earnings per share of Class A common stock Restricted stock units 1,851 2,263 1,851 2,263 Convertible preferred stock — 8,112 — — Conversion of Class B common stock to Class A common stock — 16,016 — — Treasury share options 75 75 75 75 Rumble contingent shares 2,024 2,024 2,024 2,024 Profits interests, time vesting — 1 — 1 Expand Note: The above adjusted net income (loss) per share is computed by dividing the adjusted net income (loss) attributable to holders of Class A common stock by the weighted average shares of Class A common stock outstanding during the period. Total share count does not include potential future shares vested upon achieving certain earn-out thresholds. Net income, however, continues to take into account the non-cash contingent liability primarily attributable to Rumble. Footnotes 1. System-wide sales represent gross sales by all North America studios. System-wide sales include sales by franchisees that are not revenue realized by us in accordance with GAAP. While we do not record sales by franchisees as revenue, and such sales are not included in our consolidated financial statements, this operating metric relates to our revenue because we receive approximately 7% and 2% of the sales by franchisees as royalty revenue and marketing fund revenue, respectively. We believe that this operating measure aids in understanding how we derive our royalty revenue and marketing fund revenue and is important in evaluating our performance. System-wide sales growth is driven by new studio openings and increases in same store sales. Management reviews system-wide sales weekly, which enables us to assess changes in our franchise revenue, overall studio performance, the health of our brands and the strength of our market position relative to competitors. 2. AUV is calculated by dividing sales during the applicable period for all studios contributing to AUV by the number of studios contributing to AUV. All traditional studio locations in North America are included in the AUV calculation, so long as they meet certain time since opening and sales criteria (as defined immediately below). In particular, AUV (LTM as of period end) and Quarterly AUV (run rate) are calculated as follows: AUV (LTM as of period end) consists of the average sales for the trailing 12 calendar months for all traditional studio locations in North America that opened at least 13 calendar months ago as of the measurement date and that have generated positive sales for each of the last 13 calendar months as of the measurement date. Quarterly AUV (run rate) consists of average quarterly sales for all traditional studio locations in North America that had opened at least six calendar months ago as of the beginning of the respective quarter, and that have non-zero sales in the respective quarter (including nominal or negative sales figures; the only figures excluded are exact $0 amounts in the quarter), multiplied by four. We measure sales for AUV based solely upon monthly sales as derived through the designated point-of-sale system. AUV is impacted by changes in same store sales, studio openings, and studio closures. Management reviews AUV to assess studio economics. 3. The accompanying financial information for the three and six months ended June 30, 2024, has been corrected from amounts previously reported. The details of the corrections of 2024 financials were included in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. 4. Same store sales refer to period-over-period sales comparisons for the base of studios. We define the same store sales to include monthly sales for any traditional studio location in North America. If the studio has generated at least 13 months of consecutive positive sales and opened at least 13 calendars months ago as of any month within the measurement period, the respective comparable months will be included. We measure same store sales based solely upon monthly sales as derived through the designated point-of-sale system. This measure highlights the performance of existing studios, while excluding the impact of new studio openings. Management reviews same store sales to assess the health of the franchised studios. 5. Adjusted net income (loss) is a non-GAAP financial measure that excludes certain amounts and is used to supplement net income (loss). Adjusted net income (loss) assumes that all net income (loss) is attributable to Xponential Fitness, Inc., which assumes the full exchange of all outstanding Class B common stock for shares of Class A common stock of Xponential Fitness, Inc., adjusted for the impact of certain non-cash and other items that we do not consider in our evaluation of ongoing operating performance. Adjusted net income (loss) per share, diluted, is calculated by dividing adjusted net income (loss) by the total weighted-average shares of Class A common stock outstanding plus any dilutive securities and assuming the full conversion of all outstanding Class B common stock. Total share count does not include potential future shares vested upon achieving certain earn-out thresholds. 6. We define Adjusted EBITDA as EBITDA (net income/loss before interest, taxes, depreciation and amortization), adjusted for the impact of certain non-cash and other items that we do not consider in our evaluation of ongoing operating performance. These items include equity-based compensation and related employer payroll taxes, acquisition and transaction expenses (income) (including change in contingent consideration and transaction bonuses), litigation expenses (consisting of legal and related fees for specific proceedings that arise outside of the ordinary course of our business net of insurance reimbursements), fees for financial transactions, such as secondary public offering expenses for which we do not receive proceeds (including bonuses paid to executives related to completion of such transactions) and other contemplated corporate transactions, expense related to the remeasurement of our TRA obligation, expense related to loss on impairment or write down of goodwill and other noncurrent assets, loss and ongoing expenses related to brand divestitures and wind down (including ongoing expenses directly related to the divested or wound down brands for arrangements that existed prior to divestiture or wind down), transformation initiative costs (primarily consisting of third-party professional consulting fees related to modifications of our business strategy and cost saving initiatives), and restructuring and related charges incurred in connection with our restructuring plan that we do not believe reflect our underlying business performance and affect comparability.
