John Meloun
Chief Financial Officer at Xponential Fitness
Turning to the balance sheet. As of 03/31/2025, cash, cash equivalents and restricted cash were 42,600,000.0 up from $27,200,000 as of 03/31/2024. For the quarter, net cash provided by operating activities was $5,800,000 which includes $600,000 in lease settlements. Net cash used in investing activities was $1,000,000 with $900,000 for purchases of property and equipment and intangible assets and $100,000 for issued notes receivable. The cash generated from financing activities was 5,000,000 which included a $10,000,000 borrowing on long term debt, offset primarily by $1,500,000 in a payment on long term debt and debt issuance costs, 1,800,000 payment on preferred stock dividends, dollars 900,000.0 related to the share settlement of restricted stock units, dollars 500,000.0 in payments of contingent consideration for the Lindor acquisition and $300,000 payment for distribution to pre IPO LLC members.