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
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended June 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows from Operating Activities: | |||
| Net loss | $(118.9) | $(551.9) | $(1,261.7) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization expense | 89.7 | 108.8 | 124.3 |
| Stock-based compensation expense | 229.6 | 311.7 | 405.0 |
| Non-cash operating lease expense | 54.5 | 66.2 | 79.8 |
| Amortization of debt discount and issuance costs | 9.1 | 14.2 | 13.6 |
| Impairment expense | 64.1 | 57.3 | 144.5 |
| Loss on sale of subsidiary | — | 3.8 | — |
| Net foreign currency adjustments | (22.4) | — | (7.0) |
| Gain on debt extinguishment of convertible notes | — | (69.8) | — |
| Loss on debt extinguishment of term loan | — | 7.5 | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 2.8 | (7.0) | (13.8) |
| Inventories | 136.5 | 163.0 | 537.5 |
| Prepaid expenses and other current assets | 66.6 | 42.6 | 61.2 |
| Other assets | 4.4 | 1.7 | 7.1 |
| Accounts payable and accrued expenses | (94.0) | (95.5) | (347.2) |
| Deferred revenue and customer deposits | (13.5) | (23.6) | (13.9) |
| Operating lease liabilities, net | (82.3) | (90.8) | (89.9) |
| Other liabilities | 6.8 | (4.4) | (27.3) |
| Net cash provided by (used in) operating activities | 333.0 | (66.1) | (387.6) |
| Cash Flows from Investing Activities: | |||
| Proceeds from sale of Peloton Output Park | 4.2 | 31.9 | — |
| Capital expenditures | (9.3) | (19.7) | (82.4) |
| Proceeds from sales of subsidiary and net assets | — | 14.6 | 12.4 |
| Net cash (used in) provided by investing activities | (5.1) | 26.8 | (69.9) |
| Cash Flows from Financing Activities: | |||
| Principal repayment of Term Loan | (10.0) | (742.5) | (7.5) |
| Payment of principal on convertible notes | — | (724.9) | — |
| Proceeds from issuance of convertible notes, net of issuance costs | — | 342.3 | — |
| Proceeds from issuance of term loan, net of issuance costs | — | 986.9 | — |
| Proceeds from employee stock purchase plan withholdings | 4.1 | 3.1 | 6.9 |
| Proceeds from employee stock plans | 7.7 | 41.2 | 79.8 |
| Principal repayments of finance leases | (0.1) | (0.5) | (2.3) |
| Net cash provided by (used in) financing activities | 1.7 | (94.4) | 76.8 |
| Effect of exchange rate changes | 5.3 | (1.0) | 8.6 |
| Net change in cash, cash equivalents, and restricted cash | 334.9 | (134.6) | (372.2) |
| Cash, cash equivalents, and restricted cash — Beginning of period | 750.9 | 885.5 | 1,257.6 |
| Cash, cash equivalents, and restricted cash — End of period | $1,085.8 | $750.9 | $885.5 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid for interest | $127.2 | $95.6 | $79.0 |
| Cash paid for income taxes | $2.6 | $— | $14.9 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Term Loan issuance costs recorded within Net Loss | $— | $8.7 | $— |
|---|---|---|---|
| Supplemental Disclosures of Non-Cash Investing and Financing Information: | |||
| Accrued and unpaid capital expenditures, including software | $0.3 | $0.1 | $2.4 |
| Stock-based compensation capitalized for software development costs | $— | $— | $12.1 |
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