Every material Form 8-K Peloton Interactive filed with the SEC in 2025, 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 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
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