Peloton Interactive, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $2.49B | $2.71B | $2.81B | $3.08B | $4.02B | $1.83B | $915.0M |
| Products | — | — | $1.06B | $1.22B | $1.60B | $3.04B | $1.46B | $738.6M |
| Subscriptions | — | — | $1.65B | $1.59B | $1.48B | $971.2M | $363.8M | $176.4M |
| Cost of Revenue | $1.16B | $1.22B | $1.49B | $1.88B | $2.88B | $2.57B | $988.2M | $531.4M |
| Gross Profit | $1.29B | $1.27B | $1.21B | $923.5M | $698.4M | $1.45B | $837.7M | $383.6M |
| Gross Margin | 52.6% | 50.9% | 44.5% | 32.9% | 22.7% | 36.2% | 45.8% | 41.9% |
| Operating Expenses | ||||||||
| Research & Development | $242.8M | $234.2M | $304.8M | $318.4M | $359.5M | $247.6M | $89.1M | $54.8M |
| SG&A Expense | $430.3M | $527.3M | $651.0M | $798.1M | $963.4M | $661.8M | $351.4M | $207.0M |
| Operating Income | $160.7M | $-36.2M | $-529.0M | $-1.20B | $-2.73B | $-187.8M | $-80.7M | $-202.3M |
| Operating Margin | 6.6% | -1.5% | -19.5% | -42.6% | -88.8% | -4.7% | -4.4% | -22.1% |
| Interest Expense | — | — | $4.3M | $97.1M | $43.0M | $14.8M | $2.0M | $1.7M |
| Pretax Income | $63.1M | $-115.6M | $-552.1M | $-1.26B | $-2.81B | $-198.2M | $-68.4M | $-195.6M |
| Income Tax Expense | $-100.0K | $3.4M | $-200.0K | $3.7M | $19.6M | $-9.2M | $3.3M | $100.0K |
| Net Income | $63.2M | $-118.9M | $-551.9M | $-1.26B | $-2.83B | $-189.0M | $-71.6M | $-195.6M |
| Net Margin | 2.6% | -4.8% | -20.4% | -44.9% | -91.8% | -4.7% | -3.9% | -21.4% |
| EPS (Basic) | $0.15 | $-0.30 | $-1.51 | $-3.64 | $-8.77 | $-0.64 | $-0.32 | $-1.07 |
| EPS (Diluted) | $0.14 | $-0.30 | $-1.51 | $-3.64 | $-8.77 | $-0.64 | $-0.32 | $-1.07 |
| Shares Outstanding (Basic) | 424.7M | 390.0M | 365.5M | 346.7M | 322.4M | 293.9M | 221.0M | 229.1M |
| Shares Outstanding (Diluted) | 436.2M | 390.0M | 365.5M | 346.7M | 322.4M | 293.9M | 221.0M | 229.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |