PTON · Peloton Interactive, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $630.90M | $656.50M | $586.00M | $673.90M | $624.00M | $586.00M | $743.60M | $717.70M | $595.50M | $792.70M |
| Cost of Revenue | $303.70M | $325.20M | $267.10M | $355.60M | $306.00M | $282.20M | $444.20M | $408.00M | $310.10M | $557.60M |
| Gross Profit | $327.30M | $331.30M | $283.70M | $318.40M | $318.10M | $303.80M | $299.40M | $309.70M | $285.40M | $235.00M |
| R&D | $58.80M | $65.00M | $62.10M | $60.30M | $59.60M | $58.50M | $79.90M | $76.80M | $78.70M | $80.00M |
| SG&A | $110.40M | $102.90M | $100.80M | $131.30M | $151.40M | $119.50M | $160.80M | $153.00M | $151.10M | $192.60M |
| Total Operating Expenses | $274.80M | $345.60M | $242.40M | $364.30M | $350.50M | $291.20M | $486.50M | $455.90M | $417.60M | $566.40M |
| D&A | - | - | $16.80M | - | - | $24.80M | - | - | $30.80M | - |
| Operating Income | $52.50M | ($14.30M) | $41.30M | ($45.90M) | ($32.40M) | $12.50M | ($187.10M) | ($146.20M) | ($132.30M) | ($331.30M) |
| Interest Expense | $30.00M | $31.50M | $32.30M | $27.70M | $27.70M | $35.40M | $27.70M | $27.70M | $27.20M | $22.20M |
| Income Tax | $400.0K | ($200.0K) | $700.0K | $700.0K | $800.0K | $800.0K | ($1.70M) | $600.0K | $800.0K | $1.90M |
| Net Income | $26.40M | ($38.80M) | $13.90M | ($92.00M) | ($47.70M) | ($900.0K) | ($194.90M) | ($167.30M) | ($159.30M) | ($335.40M) |
| EPS - Basic | $0.06 | ($0.09) | $0.03 | ($0.24) | ($0.12) | $0.00 | ($0.54) | ($0.45) | ($0.44) | ($0.98) |
| EPS - Diluted | $0.06 | ($0.09) | $0.03 | ($0.24) | ($0.12) | $0.00 | ($0.54) | ($0.45) | ($0.44) | ($0.98) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.13B | $1.18B | $1.10B | $1.04B | $914.30M | $722.30M | $697.60M | $794.50M | $748.50M | $813.90M |
| Accounts Receivable | $78.60M | $94.60M | $70.40M | $101.20M | $93.60M | $101.80M | $103.60M | $101.70M | $99.80M | $97.20M |
| Inventory | $175.80M | $214.90M | $237.70M | $205.60M | $213.50M | $333.30M | $329.70M | $354.40M | $514.60M | $522.60M |
| Accounts Payable | - | - | - | $66.70M | - | - | $85.40M | - | - | $76.50M |
| Current Assets | $1.44B | $1.56B | $1.51B | $1.44B | $1.34B | $1.29B | $1.27B | $1.42B | $1.59B | $1.64B |
| Total Assets | $2.02B | $2.16B | $2.17B | $2.13B | $2.06B | $2.16B | $2.19B | $2.41B | $2.67B | $2.77B |
| Current Liabilities | $577.90M | $784.80M | $795.00M | $803.90M | $811.70M | $640.20M | $685.20M | $745.50M | $750.00M | $761.40M |
| Long-term Debt | $1.33B | $1.53B | $1.54B | $1.54B | $1.54B | $1.55B | $1.55B | - | - | - |
| Total Liabilities | $2.26B | $2.49B | $2.52B | $2.54B | $2.56B | $2.64B | $2.70B | $3.00B | $3.04B | $3.06B |
| Stockholders' Equity | ($241.90M) | ($326.70M) | ($347.00M) | ($413.80M) | ($491.30M) | ($480.30M) | ($519.10M) | ($590.40M) | ($370.90M) | ($295.10M) |
| Retained Earnings | ($5.60B) | ($5.63B) | ($5.59B) | ($5.60B) | ($5.62B) | ($5.48B) | ($5.48B) | ($5.45B) | ($5.09B) | ($4.93B) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $71.90M | - | - | $12.50M | - | - | ($79.20M) | - |
| Investing Cash Flow | - | - | ($6.70M) | - | - | $2.40M | - | - | ($4.10M) | - |
| Financing Cash Flow | - | - | ($1.70M) | - | - | $4.80M | - | - | $8.20M | - |
| CapEx | - | - | $4.50M | - | - | $1.80M | - | - | $4.10M | - |
| Free Cash Flow | - | - | $67.40M | - | - | $10.70M | - | - | ($83.30M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 51.9% | 50.5% | 48.4% | 47.2% | 51.0% | 51.8% | 40.3% | 43.2% | 47.9% | 29.6% |
| Operating margin | 8.3% | -2.2% | 7.0% | -6.8% | -5.2% | 2.1% | -25.2% | -20.4% | -22.2% | -41.8% |
| EBITDA margin | - | - | 9.9% | - | - | 6.4% | - | - | -17.0% | - |
| Net margin | 4.2% | -5.9% | 2.4% | -13.7% | -7.6% | -0.2% | -26.2% | -23.3% | -26.8% | -42.3% |
| Free cash flow margin | - | - | 11.5% | - | - | 1.8% | - | - | -14.0% | - |
| FCF / Net income | - | - | 4.85 | - | - | -11.89 | - | - | 0.52 | - |
| R&D / Revenue | 9.3% | 9.9% | 10.6% | 8.9% | 9.6% | 10.0% | 10.7% | 10.7% | 13.2% | 10.1% |
| SG&A / Revenue | 17.5% | 15.7% | 17.2% | 19.5% | 24.3% | 20.4% | 21.6% | 21.3% | 25.4% | 24.3% |
| Effective tax rate | 1.5% | - | 4.8% | - | - | - | - | - | - | - |
| Return on assets | 1.3% | -1.8% | 0.6% | -4.3% | -2.3% | -0.0% | -8.9% | -6.9% | -6.0% | -12.1% |
| Return on equity | -10.9% | 11.9% | -4.0% | 22.2% | 9.7% | 0.2% | 37.5% | 28.3% | 42.9% | 113.7% |
| Return on invested capital | 4.7% | -0.9% | 3.3% | -3.2% | -2.4% | 0.9% | -14.4% | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.49 | 1.98 | 1.90 | 1.79 | 1.65 | 2.01 | 1.85 | 1.91 | 2.12 | 2.15 |
| Quick ratio | 2.18 | 1.71 | 1.60 | 1.53 | 1.39 | 1.49 | 1.37 | 1.43 | 1.43 | 1.47 |
| Cash ratio | 1.95 | 1.50 | 1.39 | 1.29 | 1.13 | 1.13 | 1.02 | 1.07 | 1.00 | 1.07 |
| Leverage | ||||||||||
| Debt / Equity | -5.51 | -4.70 | -4.43 | -3.72 | -3.14 | -3.22 | -2.98 | - | - | - |
| Debt / Assets | 0.66 | 0.71 | 0.71 | 0.72 | 0.75 | 0.72 | 0.71 | - | - | - |
| Debt / EBITDA | - | - | 26.45 | - | - | 41.46 | - | - | - | - |
| Interest coverage | 1.8x | -0.5x | 1.3x | -1.7x | -1.2x | 0.4x | -6.8x | -5.3x | -4.9x | -14.9x |
| Equity multiplier | -8.34 | -6.63 | -6.25 | -5.14 | -4.20 | -4.49 | -4.21 | -4.08 | -7.21 | -9.38 |
| Liabilities / Assets | 1.12 | 1.15 | 1.16 | 1.19 | 1.24 | 1.22 | 1.24 | 1.25 | 1.14 | 1.11 |
| Efficiency | ||||||||||
| Asset turnover | 0.31 | 0.30 | 0.27 | 0.32 | 0.30 | 0.27 | 0.34 | 0.30 | 0.22 | 0.29 |
| Inventory turnover | 1.73 | 1.51 | 1.12 | 1.73 | 1.43 | 0.85 | 1.35 | 1.15 | 0.60 | 1.07 |
| Days sales outstanding | 45d | 53d | 44d | 55d | 55d | 63d | 51d | 52d | 61d | 45d |
| Days inventory outstanding | 211d | 241d | 325d | 211d | 255d | 431d | 271d | 317d | 606d | 342d |
| Days payable outstanding | - | - | - | 68d | - | - | 70d | - | - | 50d |
| Cash conversion cycle | - | - | - | 197d | - | - | 252d | - | - | 337d |
| Valuation | ||||||||||
| P / E | 71.5x | - | 300.0x | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 3.5x | 4.0x | 6.6x | 4.0x | 4.0x | 3.0x | 1.6x | 2.2x | 3.0x | 3.3x |
| EV / EBITDA | - | - | 74.1x | - | - | 69.6x | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.1% | -2.6% | 0.0% | -9.4% | -13.1% | -1.6% | -6.2% | -4.2% | -3.4% | -30.1% |
| Revenue CAGR (3y) | -5.6% | -6.1% | -1.7% | -15.9% | -13.5% | -10.1% | -11.3% | -17.2% | -7.7% | 19.3% |
| Revenue CAGR (5y) | -13.0% | -9.2% | -5.0% | 7.6% | 3.5% | 39.2% | - | - | - | - |
| Gross profit growth (YoY) | 2.9% | 4.1% | -6.6% | 6.3% | 2.7% | 6.4% | 27.4% | 14.6% | 31.4% | -16.1% |
| Operating income growth (YoY) | - | 68.8% | 230.4% | 75.5% | 77.8% | - | 43.5% | 45.0% | 64.6% | 22.2% |
| Net income growth (YoY) | - | 57.8% | - | 52.8% | 71.5% | 99.4% | 41.9% | 39.4% | 61.0% | 23.7% |
| EPS growth (YoY) | - | 62.5% | - | 55.6% | 73.3% | - | 44.9% | 43.0% | 63.3% | 29.5% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | -31.6% | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 529.9% | - | - | - | - | - | 66.2% | - |
| FCF CAGR (5y) | - | - | -25.5% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 50.8% | 21.0% | 27.8% | 20.3% | 16.8% | -29.5% | -75.9% | -364.9% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$2.49B totalSubscription Segment$1.67B · 67.2%
Connected Fitness Products Segment$817.10M · 32.8%
Product / service
$2.51B totalSubscription And Circulation$1.67B · 66.6%
Product$817.10M · 32.5%
Product Warranty$21.30M · 0.8%
Geographic
$4.68B totalNorth America$2.27B · 48.6%
US$2.19B · 46.7%
Non Us$216.50M · 4.6%
Peer comparison
Same SIC group: Sporting & Athletic Goods, NEC
Comparing PELOTON INTERACTIVE against the 5 most active filers in the same SIC group.