Short answer
PELOTON INTERACTIVE, INC. (PTON) filed its fiscal 2025 10-K annual report with the SEC on Aug 7, 2025. It reported revenue of $2.5B (−7.8% year over year) and net income of −$119M.
- Top risk flagged: Regulatory risk from potential Bike+ seat post safety investigation by governmental authorities, with current replacement plan costs expected immaterial but uncertain
FY2025 key financial metrics · XBRL
- Revenue
- $2.5B
- −7.8% YoY
- Net income
- −$119M
- +78.5% YoY
- Operating margin
- -1.5%
- +18.1 pp YoY
- Gross margin
- 50.9%
- +6.2 pp YoY
- EPS (diluted)
- −$0.30
- +80.1% YoY
- ROE
- 28.7%
- −77.6 pp YoY
- Operating cash flow
- $333M
- +603.8% YoY
Source: XBRL data from the PELOTON INTERACTIVE, INC. (PTON) FY2025 10-K on SEC EDGAR. USD.
PELOTON INTERACTIVE, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global fitness and wellness platform integrating premium hardware, software, instructor-led content, and community with 6 million Members across six countries as of June 30, 2025
- New emphasis on Peloton Row with proprietary form guidance tech and personalized pace targets, and discontinuation of Peloton Guide sales in July 2025
- Strategic shift: consolidation of Peloton for Business into a new commercial unit blending Peloton and Precor assets for B2B expansion
- Workforce total 2,656 employees as of June 30, 2025, including 511 international staff supporting global operations
- Intellectual property portfolio includes 178 U.S. patents issued, 93 pending, plus 477 foreign patents and 959 foreign trademarks, reinforcing tech leadership
Management Discussion & Analysis
- Currency exchange exposure present; use of derivatives for hedging but may not fully offset risks or financial impact
- Risk from stockholder activism potentially increasing expenses and diverting management attention; may affect stock price
- Environmental, social and governance (ESG) practices may increase costs and risks; failure to meet targets affects reputation and access to capital
- Risks from natural disasters, cybersecurity attacks, product recalls (Tread+ and Bike seat post), litigation affecting reputation and potential costs
Risk Factors
- Regulatory risk from potential Bike+ seat post safety investigation by governmental authorities, with current replacement plan costs expected immaterial but uncertain
- Macroeconomic threat from declines in Connected Fitness product demand, causing 17.6% revenue drop to $817.1M in fiscal 2025
- Supply chain risk due to reliance on third-party manufacturers and logistics, with reduced freight and warehousing costs partially offset by warranty reserve changes
- Competitive pressure from multi-product ownership holding at 12% of subscriptions, limiting incremental subscription revenue growth at $44 monthly per household
- Financial risk from elevated interest expense of $134.5M in fiscal 2025 driven by Term Loan and convertible notes impacting net loss of $118.9M
Generated from the filing text; verify against the original. How to read a 10-K
Other PELOTON INTERACTIVE, INC. annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.