← PELOTON INTERACTIVE, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($47.9m) | ($195.6m) | ($71.6m) | ($189.0m) | ($2.8b) | ($1.3b) | ($551.9m) | ($118.9m) | — | |
| Term Loan issuance costs recorded within Net Loss | — | — | — | — | $0 | $0 | $8.7m | $0 | — | |
| Depreciation and amortization expense | $6.6m | $21.7m | $40.2m | $63.8m | $142.8m | $124.3m | $108.8m | $89.7m | $57.2m | |
| Amortization of debt discount and issuance costs | — | $300k | $600k | $13.0m | $35.3m | $13.6m | $14.2m | $9.1m | — | |
| Stock-based compensation expense | $8.5m | $89.5m | $88.8m | $194.0m | $328.4m | $405.0m | $311.7m | $229.6m | $198.6m | |
| Stock-based compensation capitalized for software development costs | $300k | $800k | $2.2m | $6.1m | $10.4m | $12.1m | $0 | $0 | $198.6m | |
| Impairment expense | — | $500k | $1.2m | $4.5m | $390.5m | $144.5m | $57.3m | $64.1m | — | |
| Accounts receivable | ($4.1m) | ($9.1m) | $11.3m | $15.1m | ($12.8m) | ($13.8m) | ($7.0m) | $2.8m | $18.6m | |
| Inventories | ($9.6m) | ($111.3m) | ($96.8m) | ($587.2m) | ($398.6m) | $537.5m | $163.0m | $136.5m | $81.3m | |
| Accounts payable and accrued expenses | $41.0m | $117.3m | $133.4m | $439.8m | ($168.6m) | ($347.2m) | ($95.5m) | ($94.0m) | — | |
| Deferred revenue and customer deposits | $63.0m | $2.2m | $272.3m | ($212.7m) | $36.8m | ($13.9m) | ($23.6m) | ($13.5m) | — | |
| Accrued and unpaid capital expenditures, including software | $4.3m | $12.6m | $18.2m | $46.1m | $18.7m | $2.4m | $100k | $300k | — | |
| Prepaid expenses and other current assets | ($12.1m) | ($30.3m) | ($33.1m) | ($32.3m) | ($32.5m) | $61.2m | $42.6m | $66.6m | — | |
| Other assets | $1.4m | ($5.5m) | ($22.1m) | ($19.1m) | ($2.1m) | $7.1m | $1.7m | $4.4m | — | |
| Other liabilities | $1.9m | $13.8m | $23.5m | $3.8m | $10.1m | ($27.3m) | ($4.4m) | $6.8m | — | |
| Net cash provided by (used in) operating activities | $49.7m |
($108.6m)
-318.51%
|
$376.4m
+446.59%
|
($239.7m)
-163.68%
|
($2.0b)
-742.72%
|
($387.6m)
+80.81%
|
($66.1m)
+82.95%
|
$333.0m
+603.78%
|
$387.5m
+16.37%
|
|
| Capital expenditures | ($28.0m) | ($83.0m) | ($156.5m) | ($252.3m) | ($337.3m) | ($82.4m) | ($19.7m) | ($9.3m) | ($9.9m) | |
| Net cash (used in) provided by investing activities | ($56.7m) | ($297.5m) | ($741.3m) | ($585.1m) | $153.3m | ($69.9m) | $26.8m | ($5.1m) | — | |
| Gain on debt extinguishment of convertible notes | — | — | — | — | $0 | $0 | ($69.8m) | $0 | — | |
| Loss on debt extinguishment of term loan | — | — | — | — | $0 | $0 | $7.5m | $0 | — | |
| Net cash provided by (used in) financing activities | $3.1m |
$417.2m
+13358.06%
|
$1.2b
+197.27%
|
$916.8m
-26.08%
|
$2.0b
+119.80%
|
$76.8m
-96.19%
|
($94.4m)
-222.92%
|
$1.7m
+101.80%
|
($207.4m)
-12300.00%
|
|
| Cash, cash equivalents, and restricted cash — Beginning of period | $151.6m | $163.0m | $1.0b | $1.1b | $1.3b | $885.5m | $750.9m | $1.1b | — | |
| Net change in cash, cash equivalents, and restricted cash | ($3.9m) | $11.3m | $874.0m | $98.7m | $121.9m | ($372.2m) | ($134.6m) | $334.9m | — | |
| Effect of exchange rate changes | $0 | $200k | ($1.2m) | $6.7m | ($26.5m) | $8.6m | ($1.0m) | $5.3m | $3.0m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Non-cash operating lease expense | $49.7m | $0 | $47.7m | $61.5m | $92.4m | $79.8m | $66.2m | $54.5m | $387.5m | |
| Loss on sale of subsidiary | — | — | — | — | $0 | $0 | $3.8m | $0 | — | |
| Net foreign currency adjustments | — | $0 | $3.3m | $3.4m | $31.8m | ($7.0m) | $0 | ($22.4m) | — | |
| Operating lease liabilities, net | — | $0 | ($23.6m) | ($8.0m) | ($55.8m) | ($89.9m) | ($90.8m) | ($82.3m) | — | |
| Proceeds from sale of Peloton Output Park | — | — | — | — | $0 | $0 | $31.9m | $4.2m | — | |
| Proceeds from sales of subsidiary and net assets | — | — | — | $0 | $0 | $12.4m | $14.6m | $0 | — | |
| Principal repayment of Term Loan | — | — | — | $0 | $0 | ($7.5m) | ($742.5m) | ($10.0m) | — | |
| Payment of principal on convertible notes | — | — | — | — | $0 | $0 | ($724.9m) | $0 | — | |
| Proceeds from issuance of convertible notes, net of issuance costs | — | $0 | $0 | $977.2m | $0 | $0 | $342.3m | $0 | — | |
| Proceeds from issuance of term loan, net of issuance costs | — | — | $0 | $0 | $696.4m | $0 | $986.9m | $0 | — | |
| Proceeds from employee stock purchase plan withholdings | $0 | $0 | $7.0m | $18.0m | $17.3m | $6.9m | $3.1m | $4.1m | — | |
| Proceeds from employee stock plans | $7.4m | $9.3m | $37.4m | $57.6m | $84.3m | $79.8m | $41.2m | $7.7m | — | |
| Principal repayments of finance leases | — | $0 | $0 | ($800k) | ($1.7m) | ($2.3m) | ($500k) | ($100k) | — | |
| Cash paid for interest | $300k | $1.1m | $1.9m | $1.3m | $1.0m | $79.0m | $95.6m | $127.2m | — | |
| Cash paid for income taxes | $0 | $0 | $4.1m | $3.5m | $15.2m | $14.9m | $0 | $2.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.