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Peloton Interactive

PTON Nasdaq Leisure Products Financials FY2018–FY2026

Peloton Interactive's revenue fell 1.8% to $2.4 billion in fiscal 2026. Its operating margin was 6.6%, up from −1.4% a year earlier. Free cash flow was $378 million, up 16.7%. The diluted share count rose 11.8%.

Last close · Oct 23, 2026

$5.37

1.6%
Value it Compare
Revenue Total sales reported in the income statement.
$2.4B
1.8% vs prior year
Operating margin Operating income as a share of revenue.
6.6%
8.0 pts
Net income Profit after all expenses, interest and tax.
$63.2M
Free cash flow Cash from operations minus capital spending.
$378M
16.7%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$2.3B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
38.4x

What Peloton Interactive does

No business description yet.

Legal name
Peloton Interactive, Inc.
Fiscal year ends
June 30, 2026
Latest annual report
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Accession · CIK
0001639825-26-000038
0001639825

Revenue and margins

Peloton Interactive had $2.4B of revenue in fiscal 2026, down 1.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $378M in fiscal 2026, 15.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Peloton Interactive returned $0.0M to shareholders in fiscal 2026, 0% of free cash flow. The diluted share count rose 11.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Peloton Interactive yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$123M and divides by 436.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 38.4x · peers 21.1x · sector 17.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Peloton Interactive can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.3B$814M$698M$1.0B$1.2B
Debt incl. finance leases $872M$996M$1.5B$1.5B$1.3B
Net debt / EBITDA ———9.3x0.6x
Debt / equity 1.5x————
Interest coverage −63.6x−12.3x−4.7x−0.3x1.3x
Current ratio 2.4x2.2x1.9x1.8x2.8x
Quick ratio 1.4x1.5x1.4x1.5x2.6x
Total assets $4.0B$2.8B$2.2B$2.1B$2.1B
Total liabilities $3.4B$3.1B$2.7B$2.5B$2.2B
Shareholders' equity $593M−$295M−$519M−$414M−$140M
Net debt (− = net cash) −$382M$182M$851M$500M$123M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$1.9M

4 insiders

Of sales under plans

82%

$1.6M

DateInsiderTradeSharesPriceValueFiling
Oct 20, 2026 Saqib BaigChief Accounting Officer Sold plan 10,000 $5.45 $0.1M Form 4
Oct 15, 2026 Charles Peter KirolChief Operating Officer Sold 28,849 $5.33 $0.2M Form 4
Aug 19, 2026 Dion C. SandersChief Commercial Officer Sold plan 112,512 $5.45 $0.6M Form 4
Aug 19, 2026 Saqib BaigChief Accounting Officer Sold plan 4,912 $5.45 $0.0M Form 4
Aug 17, 2026 Karen BooneDirector Sold plan 25,000 $5.35 $0.1M Form 4
Aug 17, 2026 Saqib BaigChief Accounting Officer Sold 36,439 $5.36 $0.2M Form 4
Jul 20, 2026 Charles Peter KirolChief Operating Officer Sold plan 3,198 $6.49 $0.0M Form 4
Jul 14, 2026 Saqib BaigChief Accounting Officer Sold plan 5,000 $6.12 $0.0M Form 4
Jun 9, 2026 Saqib BaigInterim CFO, CAO Sold plan 5,000 $5.66 $0.0M Form 4
May 22, 2026 Saqib BaigInterim CFO, CAO Sold plan 5,000 $5.45 $0.0M Form 4
May 20, 2026 Dion C. SandersChief Commercial Officer Sold plan 112,523 $5.19 $0.6M Form 4
May 20, 2026 Saqib BaigInterim CFO, CAO Sold plan 5,973 $5.19 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✓
Cash from operations is positive ✕ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✓
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 4 / 95 / 98 / 9
Accruals ratio −19.6%−21.0%−15.5%
Altman Z'' −8.27−6.92−5.25

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Peloton Interactive PTON $2.3B −1.8% 6.6% 15.4% — 38.4x 8
Acushnet GOLF $4.9B 4.1% 11.7% 4.7% 14.7% 22.1x 6 Compare →
Callaway Golf CALY $2.7B −0.9% 6.2% 14.7% 2.1% — 5 Compare →
Yeti YETI $3.2B 2.1% 11.4% 11.4% 32.1% 21.1x 6 Compare →
Mattel MAT $4.7B −0.6% 10.2% 9.0% 13.5% 12.1x 5 Compare →

9 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $435M $915M $1.8B $4.0B $3.6B $2.8B $2.7B $2.5B $2.4B
Gross profit $190M $384M $838M $1.5B $698M $924M $1.2B $1.3B $1.3B
Research and development $23.4M $54.8M $89.1M $248M $360M $318M $305M $234M $243M
Operating income −$47.5M −$202M −$80.7M −$188M −$2.7B −$1.2B −$529M −$36.2M $161M
Interest expense $0.3M $1.7M $2.0M $14.8M $43.0M $97.1M $113M $135M $124M
Pretax income −$47.8M −$196M −$68.4M −$198M −$2.8B −$1.3B −$552M −$116M $63.1M
Income tax $0.1M $0.1M $3.3M −$9.2M $19.6M $3.7M −$0.2M $3.4M −$0.1M
Net income −$47.9M −$196M −$71.6M −$189M −$2.8B −$1.3B −$552M −$119M $63.2M
Diluted EPS −$2.18 −$10.72 −$0.32 −$0.64 −$8.77 −$3.64 −$1.51 −$0.30 $0.14
Diluted shares 0.02B 0.02B 0.22B 0.29B 0.32B 0.35B 0.37B 0.39B 0.44B
Cash flow
Cash from operations $49.7M −$109M $376M −$240M −$2.0B −$388M −$66.1M $333M $388M
Capital expenditure $28.0M $83.0M $153M $241M $337M $82.4M $19.7M $9.3M $9.9M
Free cash flow $21.7M −$192M $223M −$481M −$2.4B −$470M −$85.8M $324M $378M
Depreciation and amortization $6.6M $21.7M $40.2M $63.8M $143M $124M $109M $89.7M $57.2M
Stock-based compensation $8.5M $89.5M $88.8M $194M $328M $405M $312M $230M $199M
Acquisitions $28.7M $0.1M $45.0M $478M $11.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $130M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $130M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $152M $378M $1.8B $1.6B $1.3B $814M $698M $1.0B $1.2B
Total debt — — $0.0M $830M $872M $996M $1.5B $1.5B $1.3B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets — $582M $2.2B $2.8B $2.6B $1.6B $1.3B $1.4B $1.5B
Current liabilities — $291M $772M $1.2B $1.1B $761M $685M $804M $525M
Inventory $0.0M $137M $245M $937M $1.1B $523M $330M $206M $135M
Property and equipment, net — $250M $242M $592M $611M $445M $354M $239M $165M
Total assets — $865M $3.0B $4.5B $4.0B $2.8B $2.2B $2.1B $2.1B
Total liabilities — $462M $1.3B $2.7B $3.4B $3.1B $2.7B $2.5B $2.2B
Shareholders' equity −$316M −$539M $1.7B $1.8B $593M −$295M −$519M −$414M −$140M
Margins
Gross margin 43.6% 41.9% 45.9% 36.2% 19.5% 33.0% 44.7% 50.9% 52.6%
Operating margin −10.9% −22.1% −4.4% −4.7% −76.3% −42.8% −19.6% −1.5% 6.6%
EBITDA margin −9.4% −19.7% −2.2% −3.1% −72.3% −38.3% −15.6% 2.2% 8.9%
Net margin −11.0% −21.4% −3.9% −4.7% −78.9% −45.1% −20.4% −4.8% 2.6%
FCF margin 5.0% −20.9% 12.2% −12.0% −65.8% −16.8% −3.2% 13.0% 15.4%
Returns
Return on capital — — — −33.0% −363.7% — — — —
Return on capital employed — — −5.8% −6.9% −88.7% −48.6% −30.2% −2.6% 11.3%
Return on equity — — −12.6% −11.0% −241.0% — — — —
Return on assets — — −3.7% −5.1% −66.4% −37.1% −22.3% −5.5% 3.0%
Growth
Revenue growth — 110.3% 99.6% 120.3% −10.9% −21.8% −3.6% −7.8% −1.8%
FCF growth — −983.0% — −315.2% — — — — 16.7%
Share count change — 4.5% 864.4% 33.0% 9.7% 7.5% 5.4% 6.7% 11.8%
Financial health
Net debt / EBITDA — — — — — — — 9.3x 0.6x
Debt / equity — — 0.0x 0.5x 1.5x — — — —
Interest coverage −158.3x −119.0x −40.4x −12.7x −63.6x −12.3x −4.7x −0.3x 1.3x
Current ratio — 2.0x 2.8x 2.3x 2.4x 2.2x 1.9x 1.8x 2.8x
Quick ratio — 1.5x 2.5x 1.5x 1.4x 1.5x 1.4x 1.5x 2.6x
Capital allocation
Capex / revenue 6.4% 9.1% 8.4% 6.0% 9.4% 2.9% 0.7% 0.4% 0.4%
Stock comp / revenue 2.0% 9.8% 4.9% 4.8% 9.2% 14.5% 11.5% 9.2% 8.1%
Payouts / FCF 0.0% — 0.0% — — — — 0.0% 0.0%
Quality scores
Piotroski F-score — — — 1.0 3.0 3.0 4.0 5.0 8.0
Altman Z'' — −3.0 3.5 2.1 −4.9 −6.7 −8.3 −6.9 −5.3
Accruals ratio — — −23.3% 1.4% −19.0% −25.7% −19.6% −21.0% −15.5%

Source: SEC EDGAR XBRL filings (CIK 0001639825). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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