Voss Capital’s Updates on Xponential Fitness (XPOF)

3 weeks ago 9

Soumya Eswaran

Tue, December 2, 2025 astatine 7:48 AM CST 3 min read

Voss Capital, LLC, an concern absorption company, released its third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd returned +5.0% and +4.9% to investors nett of fees and expenses respectively, successful the 3rd 4th compared to a +12.4% instrumentality for the Russell 2000 Index, +12.6% instrumentality for the Russell 2000 Value Index, and +8.3% instrumentality for the S&P 500 Index. The Voss Value Master Fund’s full gross vulnerability stood astatine 205.4% and the nett agelong vulnerability was 95.8% arsenic of September 30, 2025. The value of the fund’s apical 10 longs was 77.8% and the apical 10 shorts were -43.5%. In addition, you tin cheque the fund’s apical 5 holdings to find its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Voss Capital highlighted stocks specified arsenic Xponential Fitness, Inc. (NYSE:XPOF). Xponential Fitness, Inc. (NYSE:XPOF) is simply a North America-based boutique fittingness franchisor. The one-month instrumentality of Xponential Fitness, Inc. (NYSE:XPOF) was 3.10%, and its shares mislaid 56.99% of their worth implicit the past 52 weeks. On December 01, 2025, Xponential Fitness, Inc. (NYSE:XPOF) banal closed astatine $6.65 per share, with a marketplace capitalization of $325.232 million.

Voss Capital stated the pursuing regarding Xponential Fitness, Inc. (NYSE:XPOF) successful its 3rd 4th 2025 capitalist letter:

We judge Xponential Fitness (XPOF) presently represents 1 of the astir asymmetric risk/reward profiles successful our portfolio. The banal is trading astatine astir 7x 2025 estimated EBITDA and ~6x statement 2026 EBITDA, a valuation that successful our presumption besides implies terminal decline. For context, this is simply a discount of astir 66% comparative to its closest peer, Planet Fitness (trading astatine ~20-21x). The market’s bearish communicative has shifted from governance and regulatory concerns to a "growth stall" communicative pursuing Q3 same-store income (“SSS”) of -1%. However, our diligence suggests this header metric masks a bullish world regarding portion economics and intrinsic worth from a franchisor and franchisee constituent of view.

Xponential Fitness, Inc. (NYSE:XPOF) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge money portfolios held Xponential Fitness, Inc. (NYSE:XPOF) astatine the extremity of the 3rd quarter, which was 27 successful the erstwhile quarter. In Q3 2025, Xponential Fitness, Inc. (NYSE:XPOF) reported gross of $78.8 million, compared to $80.5 cardinal successful Q3 2024. While we admit the imaginable of Xponential Fitness, Inc. (NYSE:XPOF) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.