PELOTON INTERACTIVE, INC.

Listed Company

PTONCIK 0001639825NasdaqLarge AcceleratedSporting & Athletic Goods, NecFY ends Jun 30

Period

FY 2025

Revenue

$2.49B

Net Income

$-118.90M

Total Assets

$2.13B

Equity

$-413.80M

Shares Out

—

Op. Cash Flow

$333.00M

Business

PELOTON INTERACTIVE, INC. provides connected fitness and wellness products and subscription services that allow Members to access instructor-led and on-demand workouts via hardware and the Peloton Apps. Products include Peloton Bike, Bike+, Tread, Tread+, Row, Guide, and mobile apps, plus Memberships such as All‑Access, Rental, App+ and Strength+. Key business areas encompass Connected Fitness Products, Memberships and subscriptions, content production, software/platform development, and a commercial Peloton for Business unit. Peloton sells through e-commerce, retail showrooms, third‑party retailers, B2B channels and a global logistics network across multiple countries.

Summary from filing dated 2025-08-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenue	2,491	2,701	2,800	3,582	4,022
Total cost of revenue	1,223	1,494	1,877	2,884	2,567
Gross profit	1,268	1,207	924	698	1,454
Sales and marketing	422	659	648	1,019	728
General and administrative	527	651	798	963	662
Research and development	234	305	318	360	248
Impairment expense	64	57	145	391	5
Restructuring expense	34	66	189	181	0
Supplier settlements	24	−3	22	338	0
Total operating expenses	1,305	1,736	2,121	3,432	1,642
Loss from operations	−36	−529	−1,197	−2,734	−188
Interest expense	−135	−113	−97	−43	—
Interest income	33	35	26	2	8
Foreign exchange gain (loss)	22	0	7	−32	−4
Other income, net	100,000	700,000	3	−2	100,000
Net gain on debt refinancing	0	54	0	0	—
Total other expense, net	−79	−23	−61	−74	−10
Loss before income taxes	−116	−552	−1,258	−2,808	−198
Income tax expense (benefit)	3	−200,000	4	20	−9
Net loss	−119	−552	−1,262	−2,828	−189
Net loss attributable to Class A and Class B common stockholders, basic	−119	−552	−1,262	−2,828	−189
Net loss attributable to Class A and Class B common stockholders, diluted	−119	−552	−1,262	−2,828	−189
Net loss per share attributable to common stockholders, basic (in dollars per share)	−0.3	−1.51	−3.64	−8.77	−0.64
Net loss per share attributable to common stockholders, diluted (in dollars per share)	−0.3	−1.51	−3.64	−8.77	−0.64
Weighted-average Class A and Class B common shares outstanding, basic (in shares)	390	366	347	322	294
Weighted-average Class A and Class B common shares outstanding, diluted (in shares)	390	366	347	322	294
Change in foreign currency translation adjustment	−11	−900,000	4	−5	12
Reclassification for derivative adjustments included in Net loss	0	0	1	5	0
Total other comprehensive (loss) income	−11	−900,000	5	−6	8
Comprehensive loss	−130	−553	−1,257	−2,834	−181

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	1,040	698	814	1,254	1,135
Accounts receivable, net	101	104	97	84	71
Inventories, net	206	330	523	1,105	937
Prepaid expenses and other current assets	91	135	205	193	203
Total current assets	1,438	1,266	1,639	2,635	2,818
Property and equipment, net	239	354	445	611	592
Intangible assets, net	6	15	26	41	248
Goodwill	41	41	41	41	210
Restricted cash	46	53	72	4	900,000
Operating lease right-of-use assets, net	339	435	524	663	580
Other assets	17	21	23	34	37
Total assets	2,125	2,185	2,769	4,029	4,486
Accounts payable and accrued expenses	373	432	478	797	989
Deferred revenue and customer deposits	151	164	187	201	165
Current portion of debt	209	10	8	8	0
Operating lease liabilities, current	70	75	84	86	62
Other current liabilities	2	4	5	13	27
Total current liabilities	804	685	761	1,106	1,243
Convertible senior notes, net of current portion	344	540	988	864	830
Term loan, net of current portion	947	950	691	690	0
Operating lease liabilities, non-current	408	503	594	725	620
Other non-current liabilities	37	26	30	51	38
Total liabilities	2,539	2,704	3,064	3,436	2,732
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 390,579,270 and 358,120,105 shares of Class A common stock issued and outstanding as of June 30, 2025 and June 30, 2024, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 15,837,270 and 18,141,608 shares of Class B common stock issued and outstanding as of June 30, 2025 and June 30, 2024, respectively.	0	0	0	0	0
Additional paid-in capital	5,184	4,949	4,620	4,291	2,619
Accumulated other comprehensive income	5	16	17	12	18
Accumulated deficit	−5,603	−5,484	−4,932	−3,711	−883
Total stockholders deficit	−414	−519	−295	593	1,754
Total liabilities and stockholders deficit	2,125	2,185	2,769	4,029	4,486

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization expense	90	109	124	143	64
Stock-based compensation expense	230	312	405	328	194
Non-cash operating lease expense	55	66	80	92	62
Amortization of debt discount and issuance costs	9	14	14	35	13
Loss on sale of subsidiary	0	4	0	0	—
Net foreign currency adjustments	−22	0	−7	32	3
Gain on debt extinguishment of convertible notes	0	−70	0	0	—
Loss on debt extinguishment of term loan	0	8	0	0	—
Accounts receivable	3	−7	−14	−13	15
Inventories	137	163	538	−174	−587
Prepaid expenses and other current assets	67	43	61	−33	−32
Other assets	4	2	7	−2	−19
Accounts payable and accrued expenses	−94	−96	−347	−169	440
Deferred revenue and customer deposits	−14	−24	−14	37	−213
Operating lease liabilities, net	−82	−91	−90	−56	−8
Other liabilities	7	−4	−27	10	4
Net cash provided by (used in) operating activities	333	−66	−388	−2,020	−240
Proceeds from sale of Peloton Output Park	4	32	0	0	—
Capital expenditures	−9	−20	−82	−337	−252
Proceeds from sales of subsidiary and net assets	0	15	12	0	0
Net cash (used in) provided by investing activities	−5	27	−70	153	−585
Principal repayment of Term Loan	−10	−743	−8	0	0
Payment of principal on convertible notes	0	−725	0	0	—
Proceeds from issuance of convertible notes, net of issuance costs	0	342	0	0	977
Proceeds from issuance of term loan, net of issuance costs	0	987	0	696	0
Proceeds from employee stock purchase plan withholdings	4	3	7	17	18
Proceeds from employee stock plans	8	41	80	84	58
Principal repayments of finance leases	−100,000	−500,000	−2	−2	−800,000
Net cash provided by (used in) financing activities	2	−94	77	2,015	917
Effect of exchange rate changes	5	−1	9	−27	7
Net change in cash, cash equivalents, and restricted cash	335	−135	−372	122	99
Cash paid for interest	127	96	79	1	1
Cash paid for income taxes	3	0	15	15	4
Term Loan issuance costs recorded within Net Loss	0	9	0	0	—
Accrued and unpaid capital expenditures, including software	300,000	100,000	2	19	46
Stock-based compensation capitalized for software development costs	0	0	12	10	6

Filings

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