Xponential Fitness shares surge 17.69% after-hours on $525M debt refinancing and Guggenheim's Buy rating with $12 price target.

Xponential Fitness surged 17.69% in after-hours trading following the announcement of a $525 million debt refinancing and a $25 million revolving credit facility. The refinancing, which includes repurchasing convertible preferred stock, addresses balance sheet concerns and reduces interest costs, aligning with Guggenheim’s reiterated Buy rating and $12 price target (75% upside). The firm also reported strong Q3 2025 results, with $0.36 adjusted EPS (beating $0.13 forecast) and $78.8 million revenue (exceeding $75.42 estimate). Analysts highlighted improved visibility on 2026 earnings potential and a path to profitability, supported by Club Pilates’ growth and franchise economics. The move to stabilize debt and operational focus on brand refinement and studio closures underscored investor optimism.