PELOTON INTERACTIVE, INC. PTON
Peloton is a leading global fitness and wellness company that empowers people to live fit, strong, long, and happy, by bringing integrated fitness and wellness experiences to Members (as defined below) anytime, anywhere. Founded in 2012 and headquartered in New York City, we offer a breadth of fitness and wellness solutions to consumers worldwide, including our highly engaged community of approximately 5.5 million Members as of June 30, 2026, across the United States, United Kingdom, Canada, Germany, Australia, and Austria, and Commercial Business Unit customers in over 60 countries. As a category innovator at the nexus of fitness, wellness, technology, and media, we deliver integrated experiences through our world-renowned instructors ("Instructors"), premium hardware and innovative software, personalization, and extensive modalities and an expansive content library.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $2.49B | $2.70B | $2.80B | $3.58B | $4.02B | $1.83B | $915.0M | $435.0M | — |
| Cost of revenue | $1.16B | $1.22B | $1.49B | $1.88B | $2.88B | $2.57B | $988.2M | $531.4M | $245.4M | — |
| Gross profit | $1.29B | $1.27B | $1.21B | $923.5M | $698.4M | $1.45B | $837.7M | $383.6M | $189.6M | — |
| R&D | $242.8M | $234.2M | $304.8M | $318.4M | $359.5M | $247.6M | $89.1M | $54.8M | $23.4M | — |
| SG&A | $430.3M | $527.3M | $651.0M | $798.1M | $963.4M | $661.8M | $351.4M | $207.0M | $62.4M | — |
| Total operating expenses | $1.13B | $1.30B | $1.74B | $2.12B | $3.43B | $1.64B | $918.4M | $585.8M | $237.1M | — |
| Operating income | $160.7M | -$36.2M | -$529.0M | -$1.20B | -$2.73B | -$187.8M | -$80.7M | -$202.3M | -$47.5M | — |
| Interest expense | $123.8M | $134.5M | $112.5M | $97.1M | $43.0M | $14.8M | $2.0M | $1.7M | — | — |
| Pre-tax income | $63.1M | -$115.6M | -$552.1M | -$1.26B | -$2.81B | -$198.2M | -$68.4M | -$195.6M | -$47.8M | — |
| Income tax | $100.0K | $3.4M | $200.0K | $3.7M | $19.6M | $9.2M | $3.3M | $100.0K | $100.0K | — |
| Net income | $63.2M | -$118.9M | -$551.9M | -$1.26B | -$2.83B | -$189.0M | -$71.6M | -$195.6M | -$47.9M | — |
| EPS, basic | 0.15 | -0.30 | -1.51 | -3.64 | -8.77 | -0.64 | -0.32 | -10.72 | — | — |
| EPS, diluted | 0.14 | -0.30 | -1.51 | -3.64 | -8.77 | -0.64 | -0.32 | -10.72 | -2.18 | — |
| Shares, diluted (wtd. avg.) | $436.2M | $390.0M | $365.5M | $346.7M | $322.4M | $293.9M | $221.0M | $22.9M | — | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.21B | $1.04B | $750.9M | $885.5M | $1.26B | $1.14B | $1.04B | $163.0M | $151.6M | $155.5M |
| Short-term investments | — | — | — | — | $0 | $472.0M | $719.5M | $216.0M | — | — |
| Receivables | $82.5M | $101.2M | $103.6M | $97.2M | $83.6M | $71.4M | $34.6M | $18.5M | — | — |
| Inventory | $135.4M | $205.6M | $329.7M | $522.6M | $1.10B | $937.1M | $244.5M | $136.6M | — | — |
| Total current assets | $1.49B | $1.44B | $1.27B | $1.64B | $2.63B | $2.82B | $2.16B | $581.7M | — | — |
| Property, plant and equipment | $164.5M | $239.0M | $353.7M | $444.8M | $610.9M | $591.9M | $242.3M | $249.7M | — | — |
| Goodwill | $44.0M | $41.2M | $41.2M | $41.2M | $41.2M | $210.1M | $39.1M | $4.3M | $4.2M | — |
| Other intangibles | $11.7M | $5.6M | $15.0M | $25.6M | $41.3M | $247.9M | $16.0M | $19.5M | — | — |
| Total assets | $2.06B | $2.13B | $2.19B | $2.77B | $4.03B | $4.49B | $2.98B | $864.5M | — | — |
| Accounts payable | $53.5M | $66.7M | $85.4M | $76.5M | $93.0M | $364.4M | $135.8M | $92.2M | — | — |
| Short-term debt | $10.0M | $208.5M | $10.0M | $7.5M | $7.5M | $0 | — | — | — | — |
| Total current liabilities | $525.0M | $803.9M | $685.2M | $761.4M | $1.11B | $1.24B | $772.2M | $290.8M | — | — |
| Long-term debt | $1.33B | $1.54B | $1.55B | — | — | — | — | — | — | — |
| Total liabilities | $2.20B | $2.54B | $2.70B | $3.06B | $3.44B | $2.73B | $1.30B | $462.0M | — | — |
| Retained earnings | -$5.54B | -$5.60B | -$5.48B | -$4.93B | -$3.71B | -$883.0M | -$693.9M | -$629.5M | — | — |
| Total equity | -$139.7M | -$413.8M | -$519.1M | -$295.1M | $592.9M | $1.75B | $1.68B | -$538.6M | -$315.6M | -$281.6M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $387.6M | $333.0M | -$66.1M | -$387.6M | -$2.02B | -$239.7M | $376.4M | -$108.6M | $49.7M | — |
| Depreciation and amortisation | $57.2M | $89.7M | $108.8M | $124.3M | $142.8M | $63.8M | $40.2M | $21.7M | $6.6M | — |
| Stock-based compensation | $198.6M | $229.6M | $311.7M | $405.0M | $328.4M | $194.0M | $88.8M | $89.5M | $8.5M | — |
| Capital expenditure | $9.9M | $9.3M | $19.7M | $82.4M | $337.3M | $252.3M | $156.5M | $83.0M | $28.0M | — |
| Investing cash flow | -$21.4M | -$5.1M | $26.8M | -$69.9M | $153.3M | -$585.1M | -$741.3M | -$297.5M | -$56.7M | — |
| Financing cash flow | -$207.6M | $1.7M | -$94.4M | $76.8M | $2.02B | $916.8M | $1.24B | $417.2M | $3.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001639825-26-000038.
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