PTON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $4.92
P/E (TTM) 35.1
EPS (TTM) $0.14
Revenue (TTM) $2.45B
ROE (TTM) -22.8%
Debt/Equity -0.1
52W Range $4–$9

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About Peloton Interactive, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products include stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such as power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with other users.

Peloton charges a US$49.99 monthly membership fee to access classes and additional features on their exercise equipment, or $12.99 for users only accessing the content via app or website.

History

Founding to IPO

In 2011, John Foley, an executive at Barnes & Noble in New York City, pitched his colleague, Tom Cortese, on the idea that technology could make it possible for people with little time to get the full experience of working out in a high-end studio cycling class in their homes. Peloton Interactive was founded in January 2012. "Peloton" is a cycling term, meaning a large group of riders bunched together.

The company raised $400,000 in seed money in February 2012 and another $3.5 million in December 2012. Peloton sold its first bike on Kickstarter in 2013 with an early bird price tag of $1,500. Their first Internet-connected stationary bicycle with a tablet was released in 2014. The company also opened showrooms in shopping centers around the US, for people to test out the machines, and "sales quickly soared" for the classes, encouraged by the online community of riders.

Peloton’s original treadmill, Tread+, was unveiled in January 2018 by the company at the annual Consumer Electronics Show in Las Vegas. In May 2018, Peloton announced plans to expand into Canada and the United Kingdom that fall. It also announced construction of a flagship studio at Manhattan West in New York City.

In March 2019, Peloton was sued by the National Music Publishers Association for using copyrighted music in their videos without proper synchronization licenses, seeking $150 million in damages. The action resulted in changes to music used in its sessions, as well as removal of certain programs that used the songs named in the suit. In September 2019, the suit was amended and increased to $300 million. Peloton settled the lawsuit in February 2020; financial terms were not disclosed.

On September 26, 2019, Peloton (ticker symbol: PTON) became a public company via an initial public offering, raising $1.16 billion and valuing the company at $8.1 billion. After reaching a market valuation of $50 billion in January 2021, the company's valuation was back to around $8 billion by April 2022. As of March 2025, Peloton's valuation is approximately $2.5 billion.

The Gift That Gives Back ad

In November 2019, the company released a new holiday commercial, "The Gift That Gives Back", where a wife, played by Monica Ruiz, receives a Peloton bike for Christmas from her husband, and, after using it, observes that she "didn't realize how much this would change me". The commercial received criticism from viewers who claimed that its plot implied that the woman's husband was dissatisfied with her physical appearance.

Peloton defended the ad, arguing that it was intended to celebrate a "fitness and wellness journey" that was inspired by how its users were often "meaningfully and positively impacted after purchasing or being gifted a Peloton Bike or Tread, often in ways that surprise them". Ruiz, the actress that played the wife, was hired for an ad titled "The Gift That Doesn't Give Back" for Aviation American Gin, released in December 2019, which lightly mocked the Peloton ad.

COVID-19 pandemic through 2021

Sales increased significantly during the COVID-19 pandemic as home gyms became more popular during the COVID-19 lockdowns. However, the rapid increase in demand caused shipping delays, with customers receiving their products months late, leading some to cancel orders. In December 2020, the company made a $100 million investment in shipping solutions in an attempt to accelerate manufacturing and decrease shipping times.

Flywheel Sports lawsuit settlement

Due to Peloton's success, at least a dozen rivals, including Equinox, Icon Health & Fitness, and Flywheel Sports, began selling Peloton-style internet-connected bikes. In February 2020, Flywheel ceased its at-home cycling services after settling with Peloton over a patent lawsuit. Flywheel created its at-home internet-connected bike in 2017, and later admitted it illegally copied Peloton's technology. Court documents revealed that Flywheel created an internal initiative to obtain Peloton's confidential trade information. After Flywheel's service shut down, Peloton offered Flywheel users the opportunity to exchange their Flywheel bikes for refurbished Peloton bikes at no cost.

Tread and Tread+ safety recall

In May 2021, the U.S. Consumer Product Safety Commission warned people with children and pets to immediately stop using the Tread+ model of Peloton treadmill, after one child died after being pulled under the treadmill while a parent was running on it, and almost 40 others sustained injuries including fractured bones. The commission stated that when not in use, the product should be stored in a locked room to prevent children and pets from accessing it.

Peloton initially rejected the Consumer Product Safety Commission's request to recall the product and instead warned parents to keep children away from the treadmill, before it changed course and voluntarily recalled the Tread and Tread+ on May 5, 2021. The Tread model was also recalled due to reports of the touchscreen display screws loosening, causing the screen to occasionally detach and fall off. In July 2021, a Brooklyn couple filed a lawsuit for unspecified damages against the company claiming their 3-year-old son suffered third-degree burns after being trapped under the treadmill.

As part of the recall, Peloton allowed consumers to return the treadmills for a full refund until November 6, 2022. In August 2021, Peloton announced that Tread owners could schedule an in-home appointment for their treadmill's touchscreen to get repaired by a technician. Later that month, Peloton enacted safety features including the Tread Lock digital passcode to unlock the Tread, and a safety key that must be in place in order to begin use. The feature locks the treadmill after inactivity and requires a four-digit passcode to unlock.

Sex and the City plot point

In December 2021, on the first episode of the Sex and the City reboot And Just Like That..., the character Mr. Big (played by Chris Noth) has a heart attack and dies after riding a Peloton bike. The day after the initial airing of the episode, Peloton shares fell 11.3%. The company issued a statement through Dr. Suzanne Steinbaum, a cardiologist and member of the company's health and wellness advisory, saying that they agreed to the product placement but were not aware of how it would be used in the pivotal scene.

The statement also said not to blame the company for the character's death, and cited some contributing factors, such as his lifestyle (e.g., his consumption of steaks and cigars) and a cardiac surgery in a previous season. The company released an ad, narrated by Ryan Reynolds, with Reynolds citing the benefits of cycling and ending with, "He's alive." The ad was removed after Noth was accused of sexual assault by two women.

Several weeks later, an episode of the show Billions also featured a character experiencing a heart attack after using a Peloton device.

Stock turbulence and CEO changes

In January 2022, CNBC reported, citing internal company documents, that Peloton had temporarily paused production of its products after greatly increased demand during the early stages of the COVID pandemic had slackened, leaving the company with a glut of bikes and treadmills. The company denied the report. Peloton's share price quadrupled in 2020, before dropping nearly 80% in 2021.

In February 2022, 2,800 employees were laid off in an effort to save $800 million annually. CEO John Foley stepped down from his position, becoming executive chairman, and was replaced by Barry McCarthy, the former chief financial officer of Spotify and Netflix. As of April 2022, Foley controlled around 35% of voting power in the company.

On March 11, 2022, the company started testing a new pricing structure called One Peloton Club. Customers pay a one-time delivery fee plus a monthly fee to rent the Bike or Bike+. The monthly fee includes the bike and a subscription to access all workout classes.

On April 14, 2022, it was reported that Peloton reduced the prices of its stationary bikes and treadmills, and would raise the price of monthly subscriptions for classes for Peloton equipment owners. Starting in the US on June 1, 2022, the company raised the price for equipment content subscriptions to $44 per month. The app membership price remained unchanged. The starting price of bikes went down from $1,745 including shipping to $1,445 including shipping, and the starting price of treadmills was lowered from $2,845 including shipping to $2,695 including shipping.

In July 2022, it was reported that Peloton would outsource the manufacturing of its stationary bikes and treadmills rather than produce them in-house. The following month, the company announced to employees it would cut some 800 jobs and begin outsourcing some roles and positions.

In August 2022, the company announced it would start selling its bikes and gear through Amazon in order to increase the distribution of its products, a move that came after discussions of a potential takeover by Amazon or another firm. On Peloton's earnings call the same month, the company disclosed it had lost $1.2 billion in the fourth quarter. During this period, the company said that it was looking to sell used inventory. CEO Barry McCarthy referred to this as a top priority.

In September 2022, the company announced that co-founder John Foley, chief legal officer Hisao Kushi, and chief commercial officer Kevin Cornils were departing.

On May 4, 2024, Barry McCarthy resigned as CEO of Peloton, which also announced a 15% reduction in its workforce and a reduction of its retail operations due to a decrease in demand for its fitness products post pandemic.

By June 21, 2024, the company's market capitalization had declined to about $1.3 billion from an IPO valuation of $8.1 billion. The steady decline coincided with the departure of three of the company's "star instructors", and the company's CFO, Elizabeth Coddington, had begun to sell her restricted stock units as soon as they had vested.

On August 22, 2024, Peloton sent a letter to shareholders announcing the introduction of a one-time "used equipment fee" of $95 for second-hand equipment, in an effort to regain financial stability.

On January 1, 2025, Peter Stern, former Apple VP of Services, became CEO.

In April 2026, Peloton partnered with Spotify, adding a fitness hub on the Spotify app and giving Spotify premium users access to over 1,400 guided workout classes from Peloton.

Safety recall in 2023

In May 2023, the Consumer Product Safety Commission announced the recall of 2.2 million of the company's Model PL01 exercise bicycles (introduced in 2018 and still a current production product) after 35 reports of seat posts breaking, including 13 reports of injuries that included one fractured wrist, lacerations and bruising. Owners of the devices were told to "immediately stop using" them until they could be repaired.

Acquisitions

In 2025, Peloton acquired Breathwrk, an app used to guide users through breathing exercises.

In 2026, the company acquired Skōp to increase its Pilates offerings.

Products

Bike and Bike+

The Peloton Bikes are internet-connected stationary bicycles with a touchscreen that streams exercise classes to the rider. The device touchscreen operates on a custom version of Android. Classes can also be accessed through the Peloton App or website. Classes can be cast from the Bike to a TV using Miracast, and can be cast from the App or website to a TV using iOS and Android devices, such as AirPlay and Chromecast. Users could video chat with friends during classes, however that feature was discontinued in June, 2022. Those who purchase the Bike then pay a monthly subscription fee for access to live-streaming and on-demand classes through the tablet.

The Bike+ was introduced in September 2020. The Bike monitor is 21.5 inches in size, and is an HD touchscreen. The monitor used on the Bike+ is an HD touchscreen that is 23.8 inches and has a rotating feature. The Bike+ has an auto-resistance feature. Both have Bluetooth. Both bikes come with clip-in pedals that require cycling shoes, or users can purchase pedals that do not require cycling shoes.

Tread and Tread+ treadmills

The Tread+ (originally named the Tread) was unveiled in January 2018 by the company at the annual Consumer Electronics Show in Las Vegas. Classes are streamed via a 32″ touchscreen and sound bar mounted at the front of the machine. The treadmill features a slatted rubber running surface, a feature that is often compared to Woodway's professional treadmills.

In September 2020, Peloton released a lower-end treadmill called the Tread. The company renamed the original treadmill the Tread+. In late 2021, Peloton added safety key and 'Tread Lock' features to the Tread to increase safety and prevent unauthorized access.

Peloton Row indoor rower

In May 2022, Peloton teased and confirmed the forthcoming release of an indoor rowing machine at its 2022 Homecoming virtual event. In September 2022, the company announced the launch of Peloton Row, accepting pre-orders of its rowing machines for December deliveries. In 2022, the Peloton Row cost $3,195. In 2025, the Peloton Row cost $3,495.

Guide

In November 2021, Peloton announced the Peloton Guide, a connected fitness device to stream workouts with a movement-tracking camera to study the user's movements, track their workouts, and offer feedback and recommendations for Peloton classes. It was released on April 5, 2022, priced at $295, plus an introductory price of $24 per month for the service. It features a 12-megapixel wide-angle camera and streams 4K video at up to 60 frames per second. The built-in camera allows the user to see themselves onscreen and track their exercises alongside the instructor. At the end of the workout, they are shown a body activity breakdown, highlighting the muscles they have worked. They will also receive class recommendations based on their activity. Peloton Guide connects to any television or computer monitor via HDMI, and includes a remote control.

Digital membership

Users without Peloton exercise equipment stream all classes via a mobile app or website. The Peloton app is available on Apple TV, Amazon Fire TV, Roku, and Android TV, which is installed onto smart TVs from Sony, Philips, and Sharp Corporation.

The digital membership costs $12.99 per month. The subscription is discounted to $6.99 for students and $9.99 for healthcare workers, first responders and teachers.

While Peloton's Bike and Bike+ bundle (which includes a bike) remains a market leader in that segment, its Digital membership faces more competition. Cyclists who want to use their own bike instead of the company's stationary bike have several alternatives at similar prices.

Class formats and features

Classes and instructors

While Peloton's flagship offerings are cycling and running classes using their exercise machines, they also offer classes in strength training, yoga, cardio aerobic exercise, meditation, stretching, Pilates, tread bootcamp, bike bootcamp, and walking. Classes are recorded daily and streamed live from instructors' homes or Peloton's cycling studios in Hudson Yards, Manhattan and London and are then uploaded to the Peloton library for on-demand access 24/7. Peloton produces up to 19 new classes a day.

Peloton also has special themed class formats like its Artist Series, which features playlists from featured musicians, including Alicia Keys, Britney Spears, and Bon Jovi. Series of classes also include charitable and celebrity collaborations, including the Our Future Selves series, featuring Ashton Kutcher, Peloton coach Becs Gentry, and Kutcher's non-profit organization, Thorn.

Some of the company's fitness instructors, including Robin Arzon, Emma Lovewell, and Jess King, have become celebrities and social media influencers. Peloton instructor Cody Rigsby participated on Dancing with the Stars season 30. Ally Love became the host of Netflix's Dance 100 and became a host of The Today Show in 2023.

Interactive and gamification features

Users can compete with one another on the live leaderboard that ranks class participants based on the Output (total wattage of energy expended). Peloton also tracks the Strive Score (based on the percentage of the maximum heart rate) using a Bluetooth heart rate monitor connected to the bike, treadmill, or phone. Unlike the Output metric, the Strive Score is non-competitive.

Users can tap someone's username on the leaderboard to give them a high five (a virtual show of encouragement).

The company first began testing a gaming-inspired workout class called Peloton Lanebreak in July 2021 and released it on Bike and Bike+ on February 17, 2022. The game is an obstacle course where players control a wheel-like avatar by pedaling along a six-lane track while using the resistance knob to change lanes and avoid obstacles. Players choose from a variety of levels with different genres of music and types of workouts at varying lengths and varying degrees of resistance. It is available as part of the All-Access membership on the Bike and Bike+.

Other products and offerings

Showrooms

Peloton has physical retail locations where prospective customers can learn about Peloton's offerings and products, and take a trial class on the Bike or Tread. The first location was at the Mall at Short Hills in New Jersey. As of 2022, Peloton has 97 showrooms in the United States and Canada, 5 in Australia, and 39 in the United Kingdom and Germany.

Peloton Homecoming event

The Homecoming event was originally organized by fans of the Peloton products in 2016 but, having gained the attention of the company, was adopted as a company-sanctioned event. It was held in person up to 2019 with a small-scale online fan event held in 2020.

At the beginning of May 2021, Peloton held a free online Homecoming event, consisting of three days of special classes, panel discussions on fitness and the introduction of new features and instructors. Homecoming 2022 was a two-day virtual event held on May 13–14.

Peloton studios

Peloton has two physical locations where its classes are filmed live and streamed to users. Prior to the COVID-19 pandemic, classes were filmed live with participants at its New York and London studios.

The New York studio was moved and upgraded at a cost of $50 million in 2020.

In addition to the New York studio, classes are filmed at the London studio. The European location, which opened in 2018, also serves as the location for German-language classes with German instructors. Peloton Australia classes are filmed in the New York studio with Australian instructors. At the beginning of the COVID-19 pandemic, the studios were shut down and Peloton filmed live classes from the homes of select instructors, including those from New York and London. Peloton has announced plans to reopen its studios in New York and London in the summer of 2022.

Peloton apparel

Peloton sells branded activewear apparel items, often with collaborations with other fitness apparel companies like Adidas. In 2021 it launched a new line entirely made from its own private label.

In November 2021, athletic apparel retailer Lululemon sued Peloton accusing it of infringing on six design patents by selling "copycat" products. Peloton settled the lawsuit in September 2022 without admitting any wrongdoing, by agreeing to phase out the designs that Lululemon had objected to. The two companies ended up partnering in September 2023, with the Lululemon Studio Mirror being discontinued.

== Product specifications ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorConsumer Discretionary industryLeisure Products employees2,199 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2.45B
2018-06-30 → 2026-06-30
EPS$0.14
2019-06-30 → 2026-06-30
Free Cash Flow$378M
2020-06-30 → 2026-06-30
Net margin2.6%
2020-06-30 → 2026-06-30
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend PTON 5Y avg Peer Median Verdict
P/E (TTM) 35.15Y avg ≈2.7 ≈2.7 34.3 Pricier

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 4.1%
Next Report Nov 04, 2026
PeriodReportEPS ActualEPS EstSurprise
Dec. 31, 2026 Aug 20, 2026 $0.13 $0.13 1.7%
June 30, 2026 $0.13 $0.13 2.3%
March 31, 2026 $0.06 $0.08 -21.3%
Dec. 31, 2025 $-0.09 $-0.06 -46.3%
Sept. 30, 2025 $0.03 $0.00 —
June 30, 2025 $0.05 $-0.06 181.6%
March 31, 2025 $-0.12 $-0.06 -93.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 18
Metric Trend 20262025202420232022202120202019
Revenue $2.45B$2.49B$2.70B$2.80B$3.58B$4.02B$1.83B$915M
Cost of Revenue $1.16B$1.22B$1.49B$1.88B$2.88B$2.57B$988M$531M
Gross Profit $1.29B$1.27B$1.21B$924M$698M$1.45B$838M$384M
R&D Expense $243M$234M$305M$318M$360M$248M$89M$55M
SG&A Expense $430M$527M$651M$798M$963M$662M$351M$207M
Operating Expenses $1.13B$1.30B$1.74B$2.12B$3.43B$1.64B$918M$586M
Operating Income $161M$-36M$-529M$-1.20B$-2.73B$-188M$-81M$-202M
Interest Expense ···$97M$43M$15M$2M$2M
Interest Income $36M$33M$35M$26M$2M$8M$18M$9M
Other Non-op $-200.0K$100.0K$700.0K$3M$-2M$100.0K$100.0K$0
Pretax Income $63M$-116M$-552M$-1.26B$-2.81B$-198M$-68M$-196M
Income Tax $-100.0K$3M$-200.0K$4M$20M$-9M$3M$100.0K
Net Income $63M$-119M$-552M$-1.26B$-2.83B$-189M$-72M$-196M
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
Shares (Basic) 424,726,220390,037,997365,546,334346,670,699322,368,818293,892,643220,952,23722,911,764
Shares (Diluted) 436,218,643390,037,997365,546,334346,670,699322,368,818293,892,643220,952,23722,911,764
EBITDA $218M$54M$-420M$-1.07B$-2.59B$-124M$-41M·
Balance Sheet 26
Metric Trend 20262025202420232022202120202019
Cash & Equivalents $1.21B$1.04B$698M$814M$1.25B$1.13B$1.04B$162M
Receivables $82M$101M$104M$97M$84M$71M$35M$18M
Inventory $135M$206M$330M$523M$1.10B$937M$244M$137M
Prepaid Expense $65M$91M$135M$205M$192M$203M$124M$48M
Current Assets $1.49B$1.44B$1.27B$1.64B$2.63B$2.82B$2.16B$582M
PP&E (Net) $164M$239M$354M$445M$611M$592M$242M$250M
PP&E (Gross) $466M$537M$625M$652M$784M$685M$306M$275M
Accum. Depreciation $302M$298M$271M$208M$173M$93M$64M$26M
Goodwill $44M$41M$41M$41M$41M$210M$39M$4M
Intangibles $12M$6M$15M$26M$41M$248M$16M$20M
Other Non-current Assets $21M$17M$21M$23M$34M$37M$32M$8M
Total Assets $2.06B$2.13B$2.19B$2.77B$4.03B$4.49B$2.98B$864M
Accounts Payable $54M$67M$85M$76M$93M$364M$136M$92M
Accrued Liabilities $311M$373M$432M$478M$797M$989M$362M$104M
Current Liabilities $525M$804M$685M$761M$1.11B$1.24B$772M$291M
Capital Leases $348M$408M$503M$594M$725M$620M$508M$0
Other Non-current Liabilities $34M$37M$26M$30M$51M$38M$23M$400.0K
Total Liabilities $2.20B$2.54B$2.70B$3.06B$3.44B$2.73B$1.30B$462M
Long-term Debt $1.33B$1.54B$1.55B·····
Total Debt $10M$208M$10M$8M$8M···
Common Stock $0$0$0$0$0$0$0$0
Paid-in Capital $5.38B$5.18B$4.95B$4.62B$4.29B$2.62B$2.36B$91M
Retained Earnings $-5.54B$-5.60B$-5.48B$-4.93B$-3.71B$-883M$-694M$-630M
AOCI $15M$5M$16M$17M$12M$18M$10M$200.0K
Stockholders' Equity $-140M$-414M$-519M$-295M$593M$1.75B$1.68B$-539M
Liabilities + Equity $2.06B$2.13B$2.19B$2.77B$4.03B$4.49B$2.98B$864M
Cash Flow 15
Metric Trend 20262025202420232022202120202019
D&A $57M$90M$109M$124M$143M$64M$40M$22M
Stock-based Comp $199M$230M$312M$405M$328M$194M$89M$90M
Deferred Tax $-2M$700.0K$-1M$-2M$5M$-21M$-900.0K$-300.0K
Amort. of Intangibles $6M$9M$11M$16M$43M$19M$5M$5M
Restructuring $18M$34M$66M$189M$181M$0$0·
Other Non-cash $71M$132M$66M$346M$332M$-287M$320M·
Operating Cash Flow $388M$333M$-66M$-388M$-2.02B$-240M$376M$-109M
CapEx $10M$9M$20M$82M$337M$252M$156M$83M
Investing Cash Flow $-21M$-5M$27M$-70M$153M$-585M$-741M$-298M
Net Debt Issued $-10M$-10M$-742M$-8M····
Financing Cash Flow $-208M$2M$-94M$77M$2.02B$917M$1.24B$417M
Net Change in Cash $162M$335M$-135M$-372M$122M$99M$874M$11M
Taxes Paid $6M$3M$0$15M$15M$4M$4M$0
Free Cash Flow $378M$324M$-86M$-470M$-2.36B$-481M$220M·
Levered FCF ···$-567M$-2.40B$-495M··
Profitability 8
Metric Trend 20262025202420232022202120202019
Gross Margin 52.6%50.9%44.7%33.0%19.5%36.1%45.8%·
Operating Margin 6.6%-1.5%-19.6%-42.8%-76.3%-4.7%-4.4%·
Net Margin 2.6%-4.8%-20.4%-45.1%-78.9%-4.7%-3.9%·
Pretax Margin 2.6%-4.6%-20.4%-44.9%-78.4%-4.9%-3.8%·
EBITDA Margin 8.9%2.1%-15.6%-38.3%-72.3%-3.1%-2.2%·
ROA 3.0%-5.5%-22.3%-37.1%-66.4%-5.1%-3.7%·
ROE -27.1%26.1%99.5%597.8%-241.1%-10.1%-4.5%·
ROIC -124.1%18.1%103.9%417.5%-458.5%-10.2%-5.1%·
Liquidity & Solvency 4
Metric Trend 20262025202420232022202120202019
Current Ratio 2.81.81.82.22.42.32.8·
Quick Ratio 2.51.41.21.21.21.01.4·
Debt / Equity -0.1-0.5-0.0-0.00.0···
Interest Coverage ···-12.3-63.6-12.7··
Efficiency 3
Metric Trend 20262025202420232022202120202019
Asset Turnover 1.21.21.10.80.81.10.9·
Inventory Turnover 6.84.63.52.32.84.35.2·
Receivables Turnover 26.624.326.931.046.275.968.8·
Per Share 3
Metric Trend 20262025202420232022202120202019
Revenue / Share $5.61$6.39$7.39$8.08$11.11$13.68··
Cash Flow / Share $0.89$0.85$-0.18$-1.12$-6.27$-0.82··
EPS (TTM) $0.14$-0.30$-1.51$-3.64$-8.77$-0.64$-0.32·
Growth Rates 3
Metric Trend 20262025202420232022202120202019
Revenue YoY -1.8%-7.8%-3.6%-21.8%-10.9%120.3%··
Revenue CAGR 3Y -4.4%-11.4%-12.4%15.3%····
Revenue CAGR 5Y -9.5%6.4%······
Valuation (TTM) 4
Metric Trend 20262025202420232022202120202019
Revenue TTM $2.45B$2.49B$2.70B$2.80B$3.58B$4.02B$1.83B·
Net Income TTM $63M$-119M$-552M$-1.26B$-2.83B$-189M$-72M·
P/E 42.2-23.1-2.2-2.1-1.0-193.8-180.5·
Earnings Yield 2.4%-4.3%-44.7%-47.3%-95.5%-0.52%-0.55%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2026-06-302025-06-302024-06-302023-06-302022-06-30
Revenue $2.45B $2.49B $2.70B $2.80B $3.58B
Gross Margin % 52.6% 50.9% 44.7% 33.0% 19.5%
Operating Margin % 6.6% -1.5% -19.6% -42.8% -76.3%
Net Income $63M $-119M $-552M $-1.26B $-2.83B
Diluted EPS $0.14 $-0.30 $-1.51 $-3.64 $-8.77

Institutional owners (13F) 527 filers · $2.9B total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 527
Value held $2.9B
New positions 100
Exited positions 67
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
100 (+1 vs prior Q) 67 (-3 vs prior Q) 171 (+16 vs prior Q) 115 (-11 vs prior Q) +46.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $384,336,074 65,031,485 13.17% Shares
VANGUARD GROUP INC $241,641,961 39,227,591 8.28% Shares
DNB Asset Management AS $225,261,334 38,115,285 7.72% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $143,232,372 24,235,596 4.91% Shares
VANGUARD CAPITAL MANAGEMENT LLC $110,941,964 18,771,906 3.80% Shares
D. E. Shaw & Co., Inc. $100,748,509 17,047,125 3.45% Shares
Nantahala Capital Management, LLC $97,153,899 16,438,900 3.33% Call option
STATE STREET CORP $95,377,944 16,138,400 3.27% Shares
Quinn Opportunity Partners LLC $78,991,435 13,365,725 2.71% Shares
GEODE CAPITAL MANAGEMENT, LLC $63,894,046 10,809,041 2.19% Shares
Pale Fire Capital SE $45,675,943 7,728,586 1.56% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $44,512,347 7,531,700 1.52% Call option
UBS Group AG $34,505,310 5,838,462 1.18% Call option
GOLDMAN SACHS GROUP INC $34,251,169 5,795,460 1.17% Shares
CITADEL ADVISORS LLC $32,801,682 5,550,200 1.12% Put option
Nantahala Capital Management, LLC $30,194,160 5,108,995 1.03% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $29,101,124 4,924,048 1.00% Shares
Alyeska Investment Group, L.P. $28,004,435 4,738,483 0.96% Shares
UBS Group AG $27,739,466 4,693,649 0.95% Shares
RENAISSANCE TECHNOLOGIES LLC $27,437,175 4,642,500 0.94% Shares
MORGAN STANLEY $26,595,979 4,500,164 0.91% Shares
AQR CAPITAL MANAGEMENT LLC $26,576,470 4,582,150 0.91% Shares
HENNESSY ADVISORS INC $26,520,534 4,487,400 0.91% Shares
NORTHERN TRUST CORP $24,649,871 4,170,875 0.84% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $24,495,998 4,144,839 0.84% Shares
NOMURA HOLDINGS INC $22,906,569 3,875,900 0.78% Put option
BNP PARIBAS FINANCIAL MARKETS $22,547,182 3,815,090 0.77% Shares
Technology Crossover Management IX, Ltd. $21,727,601 3,676,413 0.74% Shares
JANE STREET GROUP, LLC $21,362,286 3,614,600 0.73% Call option
Schonfeld Strategic Advisors LLC $21,250,686 3,595,717 0.73% Shares
FMR LLC $20,111,898 3,403,028 0.69% Shares
CITIGROUP INC $19,127,396 3,236,446 0.66% Shares
TWO SIGMA INVESTMENTS, LP $18,301,314 3,096,669 0.63% Shares
SCOGGIN MANAGEMENT LP $17,730,000 3,000,000 0.61% Call option
JANE STREET GROUP, LLC $16,977,657 2,872,700 0.58% Put option
VANGUARD FIDUCIARY TRUST CO $16,784,861 2,840,078 0.58% Shares
SCOGGIN MANAGEMENT LP $16,252,500 2,750,000 0.56% Shares
Simcoe Capital Management, LLC $15,719,950 2,659,890 0.54% Shares
NEUBERGER BERMAN GROUP LLC $15,539,133 2,629,295 0.53% Shares
Aperture Investors, LLC $15,520,665 2,626,170 0.53% Shares
BANK OF AMERICA CORP /DE/ $15,235,466 2,577,913 0.52% Shares
Technology Crossover Management X, Ltd. $15,021,010 2,541,626 0.51% Shares
COATUE MANAGEMENT LLC $14,775,000 2,500,000 0.51% Shares
CITADEL ADVISORS LLC $14,380,212 2,433,200 0.49% Call option
Nuveen, LLC $13,947,364 2,359,960 0.48% Shares
TWO SIGMA ADVISERS, LP $13,832,896 2,245,600 0.47% Shares
CastleKnight Management LP $13,831,173 2,340,300 0.47% Shares
CITIGROUP INC $13,334,142 2,256,200 0.46% Call option
Bank of New York Mellon Corp $13,081,085 2,213,382 0.45% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $12,867,252 2,177,200 0.44% Put option

Show all 527 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
TCV IX CYCLE, L.P., TCV IX CYCLE (A), L.P., TCV IX CYCLE (B), L.P., TCV IX CYCLE (MF), L.P., TCV IX (A), L.P., TCV X CYCLE, L.P., TCV X CYCLE (A), L.P., TCV X CYCLE (B), L.P., TCV X CYCLE (MF), L.P., TCV X (A), L.P., TCV IX CYCLE GP, LLC, TCV IX, L.P., TECHNOLOGY CROSSOVER MANAGEMENT IX, L.P., TECHNOLOGY CROSSOVER MANAGEMENT IX, LTD., TCV X CYCLE GP, LLC, TCV X, L.P., TECHNOLOGY CROSSOVER MANAGEMENT X, L.P., TECHNOLOGY CROSSOVER MANAGEMENT X, LTD. Oct. 10, 2019 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 31 insiders · 18 officers · 13 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Peter C Stern President and CEO Sept. 15, 2026 M 499,373 0 3 $-1,110,340
Barry Mccarthy CEO and President Feb. 9, 2022 A · 0 0 $0
Siddharth Thacker Chief Financial Officer Aug. 18, 2026 A · 0 0 $0
Elizabeth F Coddington Chief Financial Officer March 13, 2026 M 346,535 0 4 $-2,925,959
Jill Woodworth Chief Financial Officer May 15, 2022 M 6,528 0 0 $0
Charles Peter Kirol Chief Operating Officer Sept. 7, 2026 A 169,673 0 10 $-643,826
Mariana Garavaglia Chief Operating Officer Feb. 15, 2022 M 20,947 0 0 $0
Nick V. Caldwell Chief Product Officer Sept. 15, 2026 M 1,114,284 0 6 $-1,976,877
Saqib Baig Chief Accounting Officer Sept. 7, 2026 A 267,729 0 15 $-1,186,094
Dion C. Sanders Chief Commercial Officer Sept. 7, 2026 A 18,801 0 6 $-3,842,986
Jennifer Cunningham Cotter Chief Content Officer Feb. 20, 2026 S 100,269 0 4 $-3,146,681
Andrew S Rendich Chief Supply Chain Officer Feb. 26, 2025 S 362,573 0 0 $0
Leslie Berland Chief Marketing Officer Nov. 15, 2023 M 25,553 0 0 $0
Thomas Cortese Chief Product Officer Sept. 1, 2023 A 14,251 0 0 $0
Allen J Klingsick Chief Accounting Officer Oct. 3, 2022 A 27,127 0 0 $0
Kevin Cornils Chief Commercial Officer Sept. 1, 2022 A 13,891 0 0 $0
Hisao Kushi Chief Legal Officer Sept. 1, 2022 A 1,724 0 0 $0
John Paul Foley Executive Chair March 14, 2022 M 0 0 0 $0
Tara Comonte Director Sept. 9, 2026 M 69,583 0 0 $0
Karen Boone Director Sept. 9, 2026 M 245,085 0 2 $-319,500
Chris Bruzzo Director Sept. 9, 2026 M 268,236 0 0 $0
Pamela Thomas-Graham Director Sept. 9, 2026 M 143,234 0 0 $0
Angel L Mendez Director Sept. 9, 2026 M 142,634 0 0 $0
Jay C Hoag Director Dec. 9, 2025 A 92,516 0 0 $0
Jonathan Mildenhall Director Dec. 7, 2023 A 29,070 0 0 $0
William Lynch Director March 7, 2022 M 80,471 0 0 $0
Erik C Blachford Director Dec. 7, 2021 A 229,491 0 0 $0
Howard C. Draft Director Sept. 17, 2021 C 112,195 0 0 $0
Woodson Capital Management, LP 10% owner May 4, 2020 P 4,618,908 0 0 $0
Hadley Harbor Master Investors (Cayman) L.P. 10% owner March 25, 2020 S 4,962,678 0 0 $0
Jon Callaghan · Dec. 3, 2024 M 86,088 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 48 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RNIN · EA Series Trust 1.28% 366,385 NS July 31, 2026 N-PORT
PSCD · Invesco Exchange-Traded Fund Trust … 0.94% 42,769 SH Oct. 2, 2026 Daily
CAFG · Pacer Funds Trust 0.69% 32,658 NS July 31, 2026 N-PORT
ABLS · Abacus FCF ETF Trust 0.52% 380 NS July 31, 2026 N-PORT
CALF · Pacer Funds Trust 0.44% 2,545,806 NS July 31, 2026 N-PORT
FYC · First Trust Exchange-Traded AlphaDE… 0.29% 593,940 NS July 31, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.16% 613,232 SH Oct. 2, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS 0.15% 283,026 SH Aug. 19, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.13% 1,458,809 SH Aug. 19, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.12% 644,662 SH Oct. 2, 2026 Daily
FDIS · FIDELITY COVINGTON TRUST 0.12% 307,841 NS July 31, 2026 N-PORT
VIOV · VANGUARD ADMIRAL FUNDS 0.11% 380,625 SH Aug. 19, 2026 Daily
VCR · VANGUARD WORLD FUND 0.10% 1,208,668 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.10% 106,710 NS July 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.09% 219,106 SH Aug. 19, 2026 Daily
GGME · Invesco Exchange-Traded Fund Trust 0.09% 7,709 SH Oct. 2, 2026 Daily
RSSL · Global X Funds 0.08% 195,855 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.07% 5,528,912 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.07% 2,354,310 SH Aug. 19, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.07% 147,604 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.07% 10,449,317 SH Sept. 11, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.06% 53,804 NS July 31, 2026 N-PORT
IWO · iShares Trust 0.05% 1,481,211 SH Sept. 11, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.05% 169,106 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.03% 790,056 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.03% 4,778,597 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.03% 9,572,444 SH Aug. 19, 2026 Daily
WSML · iShares Trust 0.02% 27,957 SH Sept. 11, 2026 Daily
TECB · iShares Trust 0.02% 20,544 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.01% 36,827 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 31,577 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 20,066 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 375,603 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 523,651 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 102,162 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 78,622 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 35,931 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 13,229,924 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 340,924 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 32,824 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.00% 90,622 SH Aug. 19, 2026 Daily
IJR · iShares Trust · 25,448,898 SH Sept. 10, 2026 Daily
IJT · iShares Trust · 2,252,121 SH Sept. 9, 2026 Daily
IJS · iShares Trust · 1,608,091 SH Sept. 8, 2026 Daily
IWN · iShares Trust · 2,366,319 SH Sept. 11, 2026 Daily
ISCB · iShares Trust · 17,529 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 86,514 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 705,138 SH Sept. 11, 2026 Daily

PTON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 27 analysts BUY
Median target $7.00 +42.3%
4 14.8% Strong Buy
10 37.0% Buy
12 44.4% Hold
1 3.7% Sell
0 0.0% Strong Sell

12-Month Price Target

15 analysts · 2026-10-03

Mean target $7.90 +60.6%

Now Current price $4.92
Low$4.00 Mean$7.90 High$20.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
PTON · 42.2 -1.8% 2.6% -27.1% 52.6%
BC $4.82B -35.7 2.4% -2.6% -7.8% ·
YETI $3.36B 22.1 2.1% 8.8% 22.8% 57.4%
PII $3.57B -7.7 -0.33% -6.5% -44.0% 19.1%
CALY $2.17B -5.3 -0.85% -19.9% -18.0% 42.1%
SWIM $741M 70.6 7.3% 2.0% 2.8% 33.4%
RGR · -120.9 1.9% -0.80% -1.5% 14.9%
TRON $324M -7.8 10.0% -354.6% -10.4% 25.3%
SWBI $693M 37.9 10.4% 3.5% 5.0% 26.9%
MCFT $631M -258.2 22.8% -0.48% -0.59% 22.9%
JOUT $433M · -0.07% -5.8% -8.0% 35.1%

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Source: SEC 10-K filed Aug 6, 2026