What was the cost of revenues for Eos Worldwide in 2024?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
es and Member's Equity | | | | | Current liabilities: | | | | | Deferred revenue | $ | 1,801,403 | $ 2,277,196 | | Total liabilities | | 1,801,403 | 2,277,196 | | Member's equity | _ | 4,142,505 | 1,419,942 | | Total liabilities and member's equity | $ | 5,943,908 | $ 3,697,138 |
Statements of Operations Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Memberships/subscriptions | $ 12,779,658 | $ 10,446,384 |
| Boot Camp | 5,367,595 | 5,140,657 |
| Events | 176,750 | 196,800 |
| Store income | 3,309,031 | 3,044,704 |
| Warm lead referral | 1,343,657 | 1,564,593 |
| Franchise fees | 818,901 | 580,494 |
| Other revenues | 17,900 | 14,959 |
Source: Item 22 — CONTRACTS (FDD page 74)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the cost of revenues for the company in 2024 was $5,490,931. This figure represents the direct expenses Eos Worldwide incurred to deliver its services and products during that year. Understanding the cost of revenues is crucial for prospective franchisees as it provides insight into the profitability of Eos Worldwide's core business operations.
Specifically, the cost of revenues is subtracted from the total revenues to calculate the gross profit. In 2024, Eos Worldwide's total revenues were $23,813,492, which, after deducting the cost of revenues, resulted in a gross profit of $18,322,561. This gross profit indicates the earnings available to cover operating expenses and other costs. Monitoring these figures over time helps assess the financial health and efficiency of Eos Worldwide's business model.
For a potential franchisee, analyzing the relationship between revenue and the cost of revenue is essential. A lower cost of revenue relative to total revenue generally indicates higher efficiency and potentially greater profitability for individual franchise units. Therefore, prospective franchisees should examine these financial metrics closely to evaluate the overall financial viability and potential return on investment of an Eos Worldwide franchise.