Peloton Interactive (PTON) financial statements
Peloton Interactive reported revenue of $2.4B in fiscal 2026, up 24.1% a year over 8 years.
Net income was $63M and the operating margin 6.6%, against -10.9% in 2018.
Free cash flow was $378M.
The diluted share count rose 1889% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Peloton Interactive's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $435M | $915M | $1.8B | $4.0B | $3.6B | $2.8B | $2.7B | $2.5B | $2.4B |
| Cost of revenue | $245M | $531M | $988M | $2.6B | $2.9B | $1.9B | $1.5B | $1.2B | $1.2B |
| Gross profit | $190M | $384M | $838M | $1.5B | $698M | $924M | $1.2B | $1.3B | $1.3B |
| Research and development | $23M | $55M | $89M | $248M | $360M | $318M | $305M | $234M | $243M |
| Selling, general and admin | $214M | $531M | $828M | $1.4B | $2.0B | $1.4B | $1.3B | $949M | $831M |
| Operating income | -$48M | -$202M | -$81M | -$188M | -$2.7B | -$1.2B | -$529M | -$36M | $161M |
| Interest expense | — | $2M | $2M | $15M | $43M | $97M | $112M | $134M | $124M |
| Pre-tax income | -$48M | -$196M | -$68M | -$198M | -$2.8B | -$1.3B | -$552M | -$116M | $63M |
| Income tax | $100,000 | $100,000 | $3M | -$9M | $20M | $4M | -$200,000 | $3M | -$100,000 |
| Net income | -$48M | -$196M | -$72M | -$189M | -$2.8B | -$1.3B | -$552M | -$119M | $63M |
| EPS (diluted) | -$2.18 | -$10.72 | -$0.32 | -$0.64 | -$8.77 | -$3.64 | -$1.51 | -$0.30 | $0.14 |
| Diluted shares | 22M | 23M | 221M | 294M | 322M | 347M | 366M | 390M | 436M |
| 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% |
| Net margin | -11.0% | -21.4% | -3.9% | -4.7% | -78.9% | -45.1% | -20.4% | -4.8% | 2.6% |
Balance sheet
Fiscal years, from Peloton Interactive's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $152M | $378M | $1.8B | $1.6B | $1.3B | $814M | $698M | $1.0B | $1.2B |
| Receivables | — | $18M | $35M | $71M | $84M | $97M | $104M | $101M | $82M |
| Inventory | — | $137M | $244M | $937M | $1.1B | $523M | $330M | $206M | $135M |
| Total current assets | — | $582M | $2.2B | $2.8B | $2.6B | $1.6B | $1.3B | $1.4B | $1.5B |
| Property, plant and equipment | — | $250M | $242M | $592M | $611M | $445M | $354M | $239M | $164M |
| Goodwill | $4M | $4M | $39M | $210M | $41M | $41M | $41M | $41M | $44M |
| Total assets | — | $864M | $3.0B | $4.5B | $4.0B | $2.8B | $2.2B | $2.1B | $2.1B |
| Total current liabilities | — | $291M | $772M | $1.2B | $1.1B | $761M | $685M | $804M | $525M |
| 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 |
| Net debt | -$152M | -$162M | -$1.0B | -$1.1B | -$1.2B | -$806M | -$688M | -$831M | -$1.2B |
Cash flow
Fiscal years, from Peloton Interactive's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $50M | -$109M | $376M | -$240M | -$2.0B | -$388M | -$66M | $333M | $388M |
| Capital spending | $28M | $84M | $156M | $252M | $337M | $82M | $20M | $9M | $10M |
| Free cash flow | $22M | -$192M | $220M | -$492M | -$2.4B | -$470M | -$86M | $324M | $378M |
| Stock-based compensation | $8M | $90M | $89M | $194M | $328M | $405M | $312M | $230M | $199M |
| Net borrowing | -$3M | $0 | $0 | $0 | $0 | -$8M | -$742M | -$10M | -$10M |
| Free cash flow margin | 5.0% | -21.0% | 12.0% | -12.2% | -65.8% | -16.8% | -3.2% | 13.0% | 15.4% |
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Open PTON in InvestinglyQuestions
What was Peloton Interactive's revenue in 2026?
$2.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Peloton Interactive generate?
$378M in fiscal 2026 (operating cash flow minus capital spending).
From Peloton Interactive's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.