Xponential Fitness shares surge 20.10% intraday after Guggenheim reaffirms Buy rating and $12 price target following $525M debt refinancing.

Xponential Fitness surged 20.10% intraday following the announcement of a $525 million debt refinancing agreement and strong third-quarter 2025 earnings. The refinancing, which includes a five-year term loan and a $25 million revolving credit facility, allows the company to reduce interest payments, eliminate convertible preferred stock, and strengthen its balance sheet. Concurrently, the firm reported adjusted earnings per share of $0.36—exceeding Wall Street forecasts—and revenue of $78.8 million, surpassing expectations. Guggenheim’s reaffirmed Buy rating with a $12 price target (75% upside from the current price) further bolstered investor confidence, citing improved financial clarity and growth potential in the Club Pilates segment. These developments collectively signaled progress in resolving financial challenges and positioning the company for long-term value creation.