$PTON

PELOTON INTERACTIVE, INC.

CIK:0001639825|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Total revenue	$ 2,446.0	$ 2,490.8	$ 2,700.5
Total cost of revenue	1,159.3	1,222.5	1,494.0
Gross profit	1,286.7	1,268.3	1,206.5
Operating expenses:
Sales and marketing	400.4	421.6	658.9
General and administrative	430.3	527.3	651.0
Research and development	242.8	234.2	304.8
Impairment expense	34.6	64.1	57.3
Restructuring expense	17.9	33.8	66.1
Supplier settlements	0.0	23.5	(2.6)
Total operating expenses	1,126.0	1,304.5	1,735.5
Income (loss) from operations	160.7	(36.2)	(529.0)
Other expense, net:
Interest expense	(123.8)	(134.5)	(112.5)
Interest income	36.4	32.7	35.1
Foreign exchange (loss) gain	(10.1)	22.4	0.0
Other (expense) income, net	(0.2)	0.1	0.7
Net gain on debt refinancing	0.0	0.0	53.6
Total other expense, net	(97.6)	(79.3)	(23.2)
Loss before income taxes	63.1	(115.6)	(552.1)
Income tax (benefit) expense	(0.1)	3.4	(0.2)
Net income (loss)	63.2	(118.9)	(551.9)
Net income (loss) attributable to Class A and Class B common stockholders	$ 63.2	$ (118.9)	$ (551.9)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.15	$ (0.30)	$ (1.51)
Diluted (in dollars per share)	$ 0.14	$ (0.30)	$ (1.51)
Weighted-average common shares outstanding:
Basic (in shares)	424,726,220	390,037,997	365,546,334
Diluted (in shares)	436,218,643	390,037,997	365,546,334
Other comprehensive income (loss):
Change in foreign currency translation adjustment	$ 9.9	$ (10.9)	$ (0.9)
Total other comprehensive income (loss)	9.9	(10.9)	(0.9)
Comprehensive income (loss)	73.1	(129.8)	(552.8)
Connected Fitness Products
Total revenue	770.4	817.1	991.7
Total cost of revenue	680.0	705.9	943.0
Subscription
Total revenue	1,675.6	1,673.7	1,708.7
Total cost of revenue	$ 479.3	$ 516.6	$ 551.0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash Flows from Operating Activities:
Net income (loss)	$ 63.2	$ (118.9)	$ (551.9)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:
Depreciation and amortization expense	57.2	89.7	108.8
Stock-based compensation expense	198.6	229.6	311.7
Non-cash operating lease expense	49.8	54.5	66.2
Amortization of debt discount and issuance costs	9.5	9.1	14.2
Impairment expense	34.6	64.1	57.3
Loss on sale of subsidiary	0.0	0.0	3.8
Net foreign currency adjustments	10.1	(22.4)	0.0
Gain on debt extinguishment of convertible notes	0.0	0.0	(69.8)
Loss on debt extinguishment of term loan	0.0	0.0	7.5
Changes in operating assets and liabilities:
Accounts receivable	18.6	2.8	(7.0)
Inventories	81.3	136.5	163.0
Prepaid expenses and other current assets	34.2	66.6	42.6
Other assets	(4.7)	4.4	1.7
Accounts payable and accrued expenses	(71.1)	(94.0)	(95.5)
Deferred revenue and customer deposits	(11.0)	(13.5)	(23.6)
Operating lease liabilities, net	(77.3)	(82.3)	(90.8)
Other liabilities	(5.5)	6.8	(4.4)
Net cash provided by (used in) operating activities	387.6	333.0	(66.1)
Cash Flows from Investing Activities:
Proceeds from sale of Peloton Output Park	0.0	4.2	31.9
Capital expenditures	(9.9)	(9.3)	(19.7)
Business combinations and asset acquisitions	(11.4)	0.0	0.0
Proceeds from sales of subsidiary and net assets	0.0	0.0	14.6
Net cash (used in) provided by investing activities	(21.4)	(5.1)	26.8
Cash Flows from Financing Activities:
Principal repayment of term loan	(10.0)	(10.0)	(742.5)
Payment of principal on convertible notes	(199.0)	0.0	(724.9)
Proceeds from issuance of convertible notes, net of issuance costs	0.0	0.0	342.3
Proceeds from issuance of term loan, net of issuance costs	0.0	0.0	986.9
Proceeds from employee stock purchase plan withholdings	3.5	4.1	3.1
Proceeds from employee stock plans	0.6	11.2	41.2
Taxes withheld and paid on employee stock awards	(2.2)	(3.5)	0.0
Principal repayments of finance leases	(0.3)	(0.1)	(0.5)
Net cash (used in) provided by financing activities	(207.6)	1.7	(94.4)
Effect of exchange rate changes	3.0	5.3	(1.0)
Net change in cash, cash equivalents, and restricted cash	161.7	334.9	(134.6)
Cash, cash equivalents, and restricted cash — Beginning of period	1,085.8	750.9	885.5
Cash, cash equivalents, and restricted cash — End of period	1,247.4	1,085.8	750.9
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	122.2	127.2	95.6
Cash paid for income taxes	5.5	2.6	0.0
Term loan issuance costs recorded within Net loss	0.0	0.0	8.7
Supplemental Disclosures of Non-Cash Investing and Financing Information:
Accrued and unpaid capital expenditures, including software	$ 0.3	$ 0.3	$ 0.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 1,206.6	$ 1,039.5
Accounts receivable, net	82.5	101.2
Inventories, net	135.4	205.6
Prepaid expenses and other current assets	64.9	91.3
Total current assets	1,489.4	1,437.6
Property and equipment, net	164.5	239.0
Intangible assets, net	11.7	5.6
Goodwill	44.0	41.2
Restricted cash	40.9	46.2
Operating lease right-of-use assets, net	284.0	338.9
Other assets	21.4	16.8
Total assets	2,055.9	2,125.3
Current liabilities:
Accounts payable and accrued expenses	311.2	372.7
Deferred revenue and customer deposits	139.5	150.7
Current portion of debt	10.0	208.5
Operating lease liabilities, current	62.5	70.1
Other current liabilities	1.8	2.0
Total current liabilities	525.0	803.9
Convertible senior notes, net of current portion	344.9	343.6
Term loan, net of current portion	944.2	946.9
Operating lease liabilities, non-current	347.7	407.5
Other non-current liabilities	33.7	37.2
Total liabilities	2,195.6	2,539.1
Commitments and contingencies (Note 12)
Stockholders’ deficit
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 422,802,650 and 390,579,270 shares of Class A common stock issued and outstanding as of June 30, 2026 and June 30, 2025, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 15,836,724 and 15,837,270 shares of Class B common stock issued and outstanding as of June 30, 2026 and June 30, 2025, respectively.	0.0	0.0
Additional paid-in capital	5,384.7	5,183.8
Accumulated other comprehensive income	15.0	5.1
Accumulated deficit	(5,539.4)	(5,602.6)
Total stockholders’ deficit	(139.7)	(413.8)
Total liabilities and stockholders’ deficit	$ 2,055.9	$ 2,125.3