PELOTON INTERACTIVE INC
For the period ended Jun 30, 2024. Filed Aug 22, 2024.
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FY2024 · Filed Aug 22, 2024
PTON$5.81-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Fiscal Year Ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Connected Fitness Products | $991.7 | $1,130.2 | $2,187.5 |
| Subscription | 1,708.7 | 1,670.1 | 1,394.7 |
| Total revenue | 2,700.5 | 2,800.2 | 3,582.1 |
| Cost of revenue: | |||
| Connected Fitness Products | 943.0 | 1,328.8 | 2,433.8 |
| Subscription | 551.0 | 547.9 | 450.0 |
| Total cost of revenue | 1,494.0 | 1,876.7 | 2,883.8 |
| Gross profit | 1,206.5 | 923.5 | 698.4 |
| Operating expenses: | |||
| Sales and marketing | 658.9 | 648.2 | 1,018.9 |
| General and administrative | 651.0 | 798.1 | 963.4 |
| Research and development | 304.8 | 318.4 | 359.5 |
| Goodwill impairment | — | — | 181.9 |
| Impairment expense | 57.3 | 144.5 | 390.5 |
| Restructuring expense | 66.1 | 189.4 | 180.7 |
| Supplier settlements | (2.6) | 22.0 | 337.6 |
| Total operating expenses | 1,735.5 | 2,120.6 | 3,432.4 |
| Loss from operations | (529.0) | (1,197.1) | (2,734.0) |
| Other expense, net: | |||
| Interest expense | (112.5) | (97.1) | (43.0) |
| Interest income | 35.1 | 26.4 | 2.3 |
| Foreign exchange (loss) gain | — | 7.0 | (31.8) |
| Other income (expense), net | 0.7 | 2.9 | (1.5) |
| Net gain on debt refinancing | 53.6 | — | — |
| Total other expense, net | (23.2) | (60.9) | (74.1) |
| Loss before income taxes | (552.1) | (1,258.0) | (2,808.1) |
| Income tax (benefit) expense | (0.2) | 3.7 | 19.6 |
| Net loss | $(551.9) | $(1,261.7) | $(2,827.7) |
| Net loss attributable to Class A and Class B common stockholders | $(551.9) | $(1,261.7) | $(2,827.7) |
| Net loss per share attributable to common stockholders, basic and diluted | $(1.51) | $(3.64) | $(8.77) |
| Weighted-average Class A and Class B common shares outstanding, basic and diluted | 365,546,334 | 346,670,699 | 322,368,818 |
| Other comprehensive (loss) income: | |||
| Net unrealized losses on marketable securities | $— | $— | $(0.4) |
| Change in foreign currency translation adjustment | (0.9) | 3.6 | (4.5) |
| Derivative adjustments: | |||
| Net unrealized loss on hedging derivatives | — | — | (6.3) |
| Reclassification for derivative adjustments included in Net loss | — | 1.0 | 5.3 |
| Total other comprehensive (loss) income | (0.9) | 4.6 | (5.9) |
| Comprehensive loss | $(552.8) | $(1,257.1) | $(2,833.7) |
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