PELOTON INTERACTIVE, INC. Fair Value Disclosure
| June 30, 2025 | June 30, 2024 | ||||||||||||||||||||||
Carrying Amount(1) | Estimated Fair Value | Carrying Amount(1) | Estimated Fair Value | ||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
0.00% Convertible Senior Notes due 2026 | $ | 199.0 | $ | 192.3 | $ | 199.0 | $ | 175.0 | |||||||||||||||
5.50% Convertible Senior Notes due 2029 | 350.0 | 635.8 | 350.0 | 353.0 | |||||||||||||||||||
| Term Loan due and payable on May 30, 2029 | 990.0 | 990.0 | 1,000.0 | 1,000.0 | |||||||||||||||||||
| Total | $ | 1,539.0 | $ | 1,818.1 | $ | 1,549.0 | $ | 1,528.0 | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 7, 2025 | Showing above |
| 2024 | Aug 22, 2024 | |
| 2023 | Aug 23, 2023 | |
| 2022 | Sep 7, 2022 | |
| 2021 | Aug 27, 2021 | |
| 2020 | Sep 11, 2020 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.