Voss Capital, LLC reported a +5.0% return for the Voss Value Fund, LP, and a +4.9% return for the Voss Value Offshore Fund, Ltd in the third quarter of 2025. The Voss Value Master Fund had a total gross exposure of 205.4% and a net long exposure of 95.8% as of September 30, 2025.

Xponential Fitness, Inc. (NYSE:XPOF) was highlighted in Voss Capital’s third-quarter 2025 investor letter. The stock had a one-month return of 3.10% and lost 56.99% of its value over the last 52 weeks. Xponential Fitness, Inc. (NYSE:XPOF) closed at $6.65 per share on December 01, 2025, with a market capitalization of $325.232 million.

Voss Capital believes Xponential Fitness, Inc. (NYSE:XPOF) presents a strong risk/reward profile with a valuation at roughly 7x 2025 estimated EBITDA. The stock’s current narrative shifted from governance and regulatory concerns to a “growth stall” narrative following Q3 same-store sales of -1%. The market’s bearish view may overlook bullish unit economics and intrinsic value.

Xponential Fitness, Inc. (NYSE:XPOF) is not among the 30 Most Popular Stocks Among Hedge Funds. In Q3 2025, the company reported revenue of $78.8 million, compared to $80.5 million in Q3 2024. While acknowledging Xponential Fitness, Inc. (NYSE:XPOF) as an investment, Voss Capital sees greater upside potential in certain AI stocks with less downside risk.

Read more at Yahoo Finance: Voss Capital’s Updates on Xponential Fitness (XPOF)