PELOTON INTERACTIVE, INC.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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FY2025 · Filed Aug 7, 2025
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue: | |||
| Connected Fitness Products | $817.1 | $991.7 | $1,130.2 |
| Subscription | 1,673.7 | 1,708.7 | 1,670.1 |
| Total revenue | 2,490.8 | 2,700.5 | 2,800.2 |
| Cost of revenue: | |||
| Connected Fitness Products | 705.9 | 943.0 | 1,328.8 |
| Subscription | 516.6 | 551.0 | 547.9 |
| Total cost of revenue | 1,222.5 | 1,494.0 | 1,876.7 |
| Gross profit | 1,268.3 | 1,206.5 | 923.5 |
| Operating expenses: | |||
| Sales and marketing | 421.6 | 658.9 | 648.2 |
| General and administrative | 527.3 | 651.0 | 798.1 |
| Research and development | 234.2 | 304.8 | 318.4 |
| Impairment expense | 64.1 | 57.3 | 144.5 |
| Restructuring expense | 33.8 | 66.1 | 189.4 |
| Supplier settlements | 23.5 | (2.6) | 22.0 |
| Total operating expenses | 1,304.5 | 1,735.5 | 2,120.6 |
| Loss from operations | (36.2) | (529.0) | (1,197.1) |
| Other expense, net: | |||
| Interest expense | (134.5) | (112.5) | (97.1) |
| Interest income | 32.7 | 35.1 | 26.4 |
| Foreign exchange gain (loss) | 22.4 | — | 7.0 |
| Other income, net | 0.1 | 0.7 | 2.9 |
| Net gain on debt refinancing | — | 53.6 | — |
| Total other expense, net | (79.3) | (23.2) | (60.9) |
| Loss before income taxes | (115.6) | (552.1) | (1,258.0) |
| Income tax expense (benefit) | 3.4 | (0.2) | 3.7 |
| Net loss | $(118.9) | $(551.9) | $(1,261.7) |
| Net loss attributable to Class A and Class B common stockholders | $(118.9) | $(551.9) | $(1,261.7) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.30) | $(1.51) | $(3.64) |
| Weighted-average Class A and Class B common shares outstanding, basic and diluted | 390,037,997 | 365,546,334 | 346,670,699 |
| Other comprehensive (loss) income: | |||
| Change in foreign currency translation adjustment | (10.9) | (0.9) | 3.6 |
| Derivative adjustments: | |||
| Reclassification for derivative adjustments included in Net loss | — | — | 1.0 |
| Total other comprehensive (loss) income | (10.9) | (0.9) | 4.6 |
| Comprehensive loss | $(129.8) | $(552.8) | $(1,257.1) |
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