Peloton Interactive, Inc.

PTON

Consumer CyclicalSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Peloton Interactive, Inc. provides fitness and wellness products and services in North America and internationally. The company offers connected fitness products, such as the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, and Peloton Row. It also provides all-access, rental, and Peloton App memberships. In addition, the company leases Peloton Bike+ products. The company sells its products through e-commerce and inside sales, retail showrooms, and third-party retailers. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.

Valuation

Market Cap$2.7B

Current Price$5.42as of Jun 23, 2026

P/E Ratio-22.47

P/B Ratio-6.46

EV / EBITDA33.23

EV / Sales1.45

Profitability

Operating Margin2.5%

Net Profit Margin-4.8%

EBITDA Margin4.4%

Returns

ROE28.7%

ROCE4.7%

ROIC %2.9%

ROA-5.6%

Solvency

Current Ratio1.79

Debt / Equity-4.78

Debt / Assets0.93

CFO / Net Profit-2.80

Price History▼ 14.91% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$2.5B▼ 7.8%

EBITDA$109M▼ 132.8%

Net Profit$-119M▼ 78.5%

Cash from Ops (CFO)$333M▼ 603.8%

Free Cash Flow (FCF)$324M▼ 477.3%

Revenue CAGR 3Y-11.4%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$2.5B	$109M	$-119M	$324M	28.7%	-7.8%	-78.5%
2024	$2.7B	$-331M	$-552M	$-86M	106.3%	-3.6%	-56.3%
2023	$2.8B	$-1.0B	$-1.3B	$-470M	427.4%	-21.8%	-55.4%
2022	$3.6B	$-2.6B	$-2.8B	$-2.4B	-476.9%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	3,582.20	2,800.30	2,700.40	2,490.80
Operating Revenue	-	3,582.20	2,800.30	2,700.40	2,490.80
Cost Of Revenue	-	2,883.80	1,876.70	1,494	1,222.50
Gross Profit	-	698.40	923.50	1,206.50	1,268.30
Operating Expense	-	2,679.40	1,786.70	1,612.10	1,206.60
Research And Development	-	359.50	318.40	304.80	234.20
Selling General And Administration	-	1,907	1,388.90	1,262.80	913.90
Total Expenses	-	5,563.20	3,663.40	3,106.10	2,429.10
Operating Income	-	-1,981	-863.20	-405.60	61.70
Total Operating Income As Reported	-	-2,734	-1,197.10	-529	-36.20
EBITDA	-	-2,622.30	-1,036.60	-330.80	108.60
Normalized EBITDA	-	-1,837.40	-709.70	-261	184.10
EBIT	-	-2,765.10	-1,160.90	-439.60	18.90
Interest Income	-	2.30	26.40	35.10	32.70
Interest Expense	-	43	97.10	112.50	134.50
Net Interest Income	-	-40.70	-70.70	-77.40	-101.80
Other Non Operating Income Expenses	-	-1.50	2.90	0.70	0.10
Other Income Expense	-	-786.40	-324	-69.10	-75.40
Interest Income Non Operating	-	2.30	26.40	35.10	32.70
Interest Expense Non Operating	-	43	97.10	112.50	134.50
Net Non Operating Interest Income Expense	-	-40.70	-70.70	-77.40	-101.80
Pretax Income	-	-2,808.10	-1,258	-552.10	-115.60
Tax Provision	-	19.60	3.70	-0.20	3.40
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-164.83	-68.65	0	-15.86
Net Income Continuous Operations	-	-2,827.70	-1,261.70	-551.90	-119
Net Income From Continuing And Discontinued Operation	-	-2,827.70	-1,261.70	-551.90	-118.90
Net Income From Continuing Operation Net Minority Interest	-	-2,827.70	-1,261.70	-551.90	-118.90
Net Income	-	-2,827.70	-1,261.70	-551.90	-118.90
Net Income Common Stockholders	-	-2,827.70	-1,261.70	-551.90	-118.90
Net Income Including Noncontrolling Interests	-	-2,827.70	-1,261.70	-551.90	-119
Normalized Income	-	-2,207.63	-1,003.45	-482.10	-59.26
Diluted NI Availto Com Stockholders	-	-2,827.70	-1,261.70	-551.90	-118.90
Basic Average Shares	293.89	322.37	346.67	365.55	-
Diluted Average Shares	293.89	322.37	346.67	365.55	-
Reconciled Depreciation	-	142.80	124.30	108.80	89.70
Reconciled Cost Of Revenue	-	2,816.30	1,809.80	1,432.30	1,167.80
Total Unusual Items	-	-784.90	-326.90	-69.80	-75.50
Total Unusual Items Excluding Goodwill	-	-784.90	-326.90	-69.80	-75.50
Special Income Charges	-	-753.10	-333.90	-69.80	-97.90
Other Special Charges	-	337.60	22	-53.60	-
Impairment Of Capital Assets	-	572.40	144.50	57.30	64.10
Restructuring And Mergern Acquisition	-	180.70	189.40	66.10	33.80
Gain On Sale Of Security	-3.50	-31.80	7	-	22.40
Depreciation Amortization Depletion Income Statement	-	75.30	57.40	47.10	35
Depreciation And Amortization In Income Statement	-	75.30	57.40	47.10	35
General And Administrative Expense	-	917.70	771.80	627.30	509.70
Other Gand A	-	917.70	771.80	627.30	509.70
Salaries And Wages	128.30	182.90	196.10	-	-
Other Operating Expenses	-	337.60	22	-2.60	23.50
Selling And Marketing Expense	-	989.30	617.10	635.50	404.20
Otherunder Preferred Stock Dividend	0	-	-	-	-

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Peloton Interactive, Inc.this co.	PTON	$2.7B	-22.47	-6.46	28.7%	33.23
Madison Square Garden Entertainment Corp.	MSGE	$3.4B	90.07	-253.49	-281.4%	26.05
KB Home	KBH	$3.3B	7.60	0.84	11.0%	8.43
Visteon Corporation	VC	$3.3B	16.18	2.07	12.8%	6.33
Ardagh Metal Packaging S.A.	AMBP

Learn while you research

Hand-picked academy chapters to deepen your understanding of Peloton Interactive, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.5B

$109M

$-119M

$324M

28.7%

-7.8%

-78.5%

2024

$2.7B

$-331M

$-552M

$-86M

106.3%

-3.6%

-56.3%

2023

$2.8B

$-1.0B

$-1.3B

$-470M

427.4%

-21.8%

-55.4%

2022

$3.6B

$-2.6B

$-2.8B

$-2.4B

-476.9%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

3,582.20

2,800.30

2,700.40

2,490.80

Operating Revenue

3,582.20

2,800.30

2,700.40

2,490.80

Cost Of Revenue

2,883.80

1,876.70

1,494

1,222.50

Gross Profit

698.40

923.50

1,206.50

1,268.30

Operating Expense

2,679.40

1,786.70

1,612.10

1,206.60

Research And Development

359.50

318.40

304.80

234.20

Selling General And Administration

1,907

1,388.90

1,262.80

913.90

Total Expenses

5,563.20

3,663.40

3,106.10

2,429.10

Operating Income

-1,981

-863.20

-405.60

61.70

Total Operating Income As Reported

-2,734

-1,197.10

-529

-36.20

EBITDA

-2,622.30

-1,036.60

-330.80

108.60

Normalized EBITDA

-1,837.40

-709.70

-261

184.10

EBIT

-2,765.10

-1,160.90

-439.60

18.90

Interest Income

2.30

26.40

35.10

32.70

Interest Expense

97.10

112.50

134.50

Net Interest Income

-40.70

-70.70

-77.40

-101.80

Other Non Operating Income Expenses

-1.50

2.90

0.70

0.10

Other Income Expense

-786.40

-324

-69.10

-75.40

Interest Income Non Operating

2.30

26.40

35.10

32.70

Interest Expense Non Operating

97.10

112.50

134.50

Net Non Operating Interest Income Expense

-40.70

-70.70

-77.40

-101.80

Pretax Income

-2,808.10

-1,258

-552.10

-115.60

Tax Provision

19.60

3.70

-0.20

3.40

Tax Rate For Calcs

Tax Effect Of Unusual Items

-164.83

-68.65

-15.86

Net Income Continuous Operations

-2,827.70

-1,261.70

-551.90

-119

Net Income From Continuing And Discontinued Operation

-2,827.70

-1,261.70

-551.90

-118.90

Net Income From Continuing Operation Net Minority Interest

-2,827.70

-1,261.70

-551.90

-118.90

Net Income

-2,827.70

-1,261.70

-551.90

-118.90

Net Income Common Stockholders

-2,827.70

-1,261.70

-551.90

-118.90

Net Income Including Noncontrolling Interests

-2,827.70

-1,261.70

-551.90

-119

Normalized Income

-2,207.63

-1,003.45

-482.10

-59.26

Diluted NI Availto Com Stockholders

-2,827.70

-1,261.70

-551.90

-118.90

Basic Average Shares

293.89

322.37

346.67

365.55

Diluted Average Shares

293.89

322.37

346.67

365.55

Reconciled Depreciation

142.80

124.30

108.80

89.70

Reconciled Cost Of Revenue

2,816.30

1,809.80

1,432.30

1,167.80

Total Unusual Items

-784.90

-326.90

-69.80

-75.50

Total Unusual Items Excluding Goodwill

-784.90

-326.90

-69.80

-75.50

Special Income Charges

-753.10

-333.90

-69.80

-97.90

Other Special Charges

337.60

-53.60

Impairment Of Capital Assets

572.40

144.50

57.30

64.10

Restructuring And Mergern Acquisition

180.70

189.40

66.10

33.80

Gain On Sale Of Security

-3.50

-31.80

22.40

Depreciation Amortization Depletion Income Statement

75.30

57.40

47.10

Depreciation And Amortization In Income Statement

75.30

57.40

47.10

General And Administrative Expense

917.70

771.80

627.30

509.70

Other Gand A

917.70

771.80

627.30

509.70

Salaries And Wages

128.30

182.90

196.10

Other Operating Expenses

337.60

-2.60

23.50

Selling And Marketing Expense

989.30

617.10

635.50

404.20

Otherunder Preferred Stock Dividend

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Peloton Interactive, Inc.this co.

PTON

$2.7B

-22.47

-6.46

28.7%

33.23

Madison Square Garden Entertainment Corp.

MSGE

$3.4B

90.07

-253.49

-281.4%

26.05

KB Home

KBH

$3.3B

7.60

0.84

11.0%

8.43

Visteon Corporation

$3.3B

16.18

2.07

12.8%

6.33

Ardagh Metal Packaging S.A.

AMBP

Peloton Interactive, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Peloton Interactive, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on