Every material Form 8-K Peloton Interactive has filed with the SEC since December 02, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Peloton reported results for the quarter ended September 30, 2026, with total revenue of $559 million, up 2% year over year, and GAAP net income of $96.2 million, compared with $13.9 million a year earlier. The company guided second-quarter revenue to $625 million to $650 million, down 3% at the midpoint, and left its full-year revenue outlook of $2.30 billion to $2.40 billion unchanged.
Q1 total revenue was $559.2 million, up 2% year over year; ending paid connected fitness subscriptions were 2.475 million, down 9%.
GAAP net income was $96.2 million versus $13.9 million a year earlier; diluted EPS was $0.19 versus $0.03.
Q2 FY27 revenue is expected at $625 million to $650 million, down 3% at the midpoint; full-year FY27 revenue outlook is unchanged at $2.30 billion to $2.40 billion.
After the quarter closed, Peloton voluntarily paid down $280 million of its Term Loan, bringing gross principal debt outstanding to $1.048 billion.
Peloton's Chief Accounting Officer and principal accounting officer, Saqib Baig, notified the company on October 8, 2026, that he will step down to pursue an external opportunity, and he will remain in the role until November 27, 2026. The company has started searching for a replacement, and the filing says the departure is not related to any disagreements or issues about financial disclosures or accounting matters.
Saqib Baig will remain Chief Accounting Officer until November 27, 2026
Notice of departure was given to the company on October 8, 2026
The company has started a search for candidates to fill the role
Baig will receive no severance or benefits under the company's Severance and Change in Control Plan
Peloton reported fiscal 2026 results for the year ended June 30, 2026, with full-year GAAP net income of $63 million, its first full year of net profitability. It also guided fiscal 2027 total revenue to $2.3 billion to $2.4 billion, a 3.9% decline at the midpoint, while Adjusted EBITDA is expected to rise to $475 million to $525 million.
FY26 total revenue was $2.446 billion, and Q4 revenue of $607.7 million was up $1 million year-over-year.
FY26 GAAP net income was $63 million, and Adjusted EBITDA was $468 million, up 16% year-over-year.
FY27 outlook: total revenue $2.3 billion to $2.4 billion and Adjusted EBITDA $475 million to $525 million; free cash flow of at least $350 million.
Q1 FY27 total revenue outlook is $545 million to $565 million, and ending paid connected fitness subscriptions are expected at 2.455 million to 2.475 million.
Peloton announced that Sid Thacker, former CFO of Rent the Runway, will become Chief Financial Officer effective June 22, 2026, succeeding interim CFO Saqib Baig, who will remain Chief Accounting Officer. The filing sets Thacker's annual base salary at $635,000, a 60% target cash bonus, and initial equity awards valued at $8,000,000 that are subject to board approval.
Sid Thacker becomes CFO effective June 22, 2026, and will report to CEO Peter Stern.
Thacker served as CFO of Rent the Runway from May 2023, after prior roles there and at investment firms.
Offer letter terms: $635,000 base salary, annual cash bonus of 60% of base salary, prorated for fiscal 2026, and equity initially valued at $8,000,000.
Saqib Baig steps down as interim CFO on June 22, 2026, and remains Chief Accounting Officer.
Peloton reported fiscal third-quarter 2026 results for the quarter ended March 31, 2026, with revenue up 1% year-over-year and GAAP net income of $26 million, compared with a net loss of $47.7 million a year earlier. The company raised the midpoint of its full-year revenue outlook and its expected free cash flow, but lowered its full-year gross margin outlook by 50 basis points.
Q3 total revenue was $631 million, up $7 million or 1% year-over-year; GAAP net income was $26 million versus a $47.7 million loss a year earlier.
Adjusted EBITDA was $126 million, up 41% year-over-year; free cash flow was $151 million, up 59%.
FY26 revenue outlook is $2.42 billion to $2.44 billion, with the midpoint raised; free cash flow is expected to be about $350 million, up $75 million from the prior minimum target.
FY26 total gross margin outlook of about 52.5% is 50 basis points lower than the prior outlook; Q3 gross margin of 51.9% was 210 basis points below guidance due to promotional activity.
Peloton said Jen Cotter will move from Chief Content Officer to a non-executive advisory role effective March 31, 2026, and will advise the company through August 16, 2026. Sarah Robb O'Hagan, former CEO of EXOS, will join April 1, 2026 as Chief Content and Member Development Officer, reporting to CEO Peter Stern. The filing gives no financial results, but it sets out the leadership change and Cotter's severance-related payments.
Jen Cotter's advisory role takes effect at the close of business on March 31, 2026, and her advisory services run through August 16, 2026.
Sarah Robb O'Hagan, 53, starts April 1, 2026 and reports to CEO Peter Stern.
O'Hagan previously served as CEO of EXOS from 2020 to 2024 and as president of Gatorade and Equinox.
Cotter's transition agreement provides 12 months of base salary continuation and COBRA coverage of up to 18 months, subject to a release of claims.
Peloton said its Chief Financial Officer, Liz Coddington, will step down effective March 27, 2026, to pursue an external opportunity. Saqib Baig, the company's Chief Accounting Officer since November 2022, will serve as interim CFO from the same date. The filing does not state a permanent successor or any change to financial results.
Liz Coddington steps down as CFO effective March 27, 2026, to pursue an external opportunity.
Saqib Baig, age 48, becomes interim CFO effective March 27, 2026.
Baig has been Chief Accounting Officer since November 2022 and CFO of the Commercial Business Unit since August 2025.
Baig previously served as Controller of Accounting Risk, Valuation, and Financial Reporting at Meta Platforms, Inc., from July 2019 to November 2022.
Peloton reported fiscal second-quarter 2026 revenue of $657 million, down 3% year-over-year and $8 million below its guidance range, while Adjusted EBITDA rose 39% to $81 million and the net loss narrowed to $39 million. The company raised its full-year Adjusted EBITDA outlook to $450 million to $500 million but lowered its full-year revenue outlook, and CFO Liz Coddington will leave on March 27, 2026, for an external opportunity.
Total revenue $657 million, down $17 million or 3% year-over-year and $8 million below the guidance range
Adjusted EBITDA $81 million, up $23 million or 39% year-over-year; GAAP net loss $39 million
FY2026 Adjusted EBITDA outlook raised to $450 million to $500 million; revenue outlook lowered to $2.40 billion to $2.44 billion
CFO Liz Coddington steps down effective March 27, 2026; no severance under the company's plan
Peloton reported fiscal first-quarter 2026 results for the quarter ended September 30, 2025. Revenue fell 6% year-over-year to $551 million, while net income rose to $14 million and adjusted EBITDA reached $118 million. The company raised its full-year fiscal 2026 adjusted EBITDA guidance to $425 million to $475 million, but its full-year revenue outlook of $2.4 billion to $2.5 billion was unchanged and implies a 2% decline at the midpoint.
Total revenue was $551 million, down $35 million or 6% year-over-year, and $6 million above the high end of guidance.
Net income was $14 million, up $15 million year-over-year; adjusted EBITDA was $118 million, up 2%.
Ending paid connected fitness subscriptions were 2.732 million, down 6% year-over-year.
Full-year fiscal 2026 adjusted EBITDA outlook was raised by $25 million to $425 million to $475 million; revenue outlook was unchanged.
Peloton's Compensation Committee approved a redesign of its leadership team pay program on September 14, 2025, shifting pay toward performance-linked cash bonuses and performance-based stock awards over a two-year transition beginning in fiscal 2026. The filing also adopts stock ownership guidelines requiring executives and directors to hold company stock, which may affect how leadership pay relates to shareholder returns.
Annual base salary set at $850,000 for the rest of fiscal 2026 and $635,000 for fiscal 2027 for affected leadership team members.
Annual cash bonus targets are 20% of pro-rated base salary in fiscal 2026 and 60% of base salary in fiscal 2027, with payouts ranging from 0% to 200% of target.
Beginning fiscal 2026, long-term incentive awards consist of 70% time-based RSUs and 30% performance-based PSUs.
Stock ownership guidelines apply to executive officers and non-employee directors, with a five-year period to meet the required level.
Peloton reported fiscal fourth-quarter and full-year FY2025 results on August 7, 2025. Q4 total revenue fell 6% year-over-year to $606.9 million, while GAAP net income was $21.6 million, compared with a net loss of $30.5 million a year earlier, and Adjusted EBITDA rose 99% to $140.0 million. The company guided FY26 total revenue to $2.4 billion to $2.5 billion, a 2% decline at the midpoint, and announced a restructuring plan targeting at least $100 million of run-rate savings by the end of FY26.
Q4 FY25 total revenue was $606.9 million, down 6% year-over-year, with Total Gross Margin of 54.1%.
Q4 GAAP net income was $21.6 million versus a net loss of $30.5 million in Q4 FY24; Adjusted EBITDA was $140.0 million.
FY26 guidance: total revenue of $2.4 billion to $2.5 billion and Adjusted EBITDA of $400 million to $450 million.
Q1 FY26 total revenue is guided to $525.0 million to $545.0 million, down 9% at the midpoint; restructuring targets at least $100 million of run-rate savings by the end of FY26.
Peloton reported fiscal third-quarter 2025 results for the quarter ended March 31, 2025. Total revenue fell 13% year-over-year to $624.0 million, while the GAAP net loss narrowed to $47.7 million from $167.3 million a year earlier and Adjusted EBITDA rose to $89.4 million. The company raised its full-year FY25 Adjusted EBITDA guidance to $330 million to $350 million and its Total Revenue guidance to $2.455 billion to $2.470 billion.
Total revenue was $624.0 million, down 13% year-over-year, with Connected Fitness Products Revenue down 27% to $205.5 million.
GAAP net loss was $47.7 million, compared with $167.3 million in the same quarter last year.
Adjusted EBITDA was $89.4 million, and the company reported $94.7 million of Free Cash Flow in the quarter.
FY25 guidance: Adjusted EBITDA raised to $330 million to $350 million; Total Revenue raised to $2.455 billion to $2.470 billion; Total Gross Margin held at 50.0%.
Peloton appointed Charles Kirol as Chief Operating Officer, effective April 14, 2025, a newly created role reporting to CEO Peter Stern. Current Chief Supply Chain Officer Andrew Rendich moves to a non-executive advisory role effective April 11, 2025, and the company also named Dion Camp Sanders Chief Commercial Officer.
Charles Kirol, 57, starts as COO on April 14, 2025; his offer letter lists a $635,000 base salary, a 60% annual cash bonus and $5,000,000 in equity awards subject to board approval.
Andrew Rendich's transition to an advisory role takes effect April 11, 2025, with advisory services provided through June 30, 2025.
Dion Camp Sanders was named Chief Commercial Officer; the company will also search for a Chief Information Officer who would report to Kirol.
Peloton reported fiscal Q2 2025 results for the quarter ended December 31, 2024, with total revenue of $673.9 million, down 9% year over year but $13.9 million above the high end of its $640 million to $660 million guidance range. The company raised its full-year fiscal 2025 Adjusted EBITDA guidance to $300 million to $350 million from $240 million to $290 million and its Free Cash Flow target to at least $200 million from $125 million.
Q2 total revenue was $673.9 million, down 9% year over year, and above the $640 million to $660 million guidance range.
Net loss was $92.0 million, an improvement of $102.9 million year over year; Adjusted EBITDA was $58.4 million.
Free Cash Flow was $106.0 million in Q2, and cash and cash equivalents ended the quarter at $829.0 million.
FY25 Adjusted EBITDA guidance was raised to $300 million to $350 million from $240 million to $290 million; Free Cash Flow target was raised to at least $200 million from $125 million.
Peloton's board appointed CEO and President Peter Stern as a Class II director, effective January 16, 2025, with his term running until the 2027 annual meeting. The filing says he receives no extra pay for board service and has no related-party interest requiring disclosure.
Peter Stern appointed as a Class II director effective January 16, 2025
Term runs until the 2027 annual meeting of stockholders
Peloton Interactive named Tara Comonte as a director on December 2, 2024, filling the seat left by Jon Callaghan, who decided not to stand for re-election. Her appointment takes effect at the company's 2024 annual meeting on December 3, 2024, and she will sit on the Audit Committee. The filing describes her as independent and an audit committee financial expert, a routine governance change with no financial figures disclosed.
Tara Comonte appointed director on December 2, 2024, effective at the 2024 annual meeting scheduled for December 3, 2024
Fills vacancy left by Jon Callaghan's decision not to stand for re-election
Will serve as Class III director with term expiring at the 2025 annual meeting and as member of the Audit Committee
Currently serves as Interim President and CEO of WW International, Inc. since September 2024
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