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NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (NASDAQ: PTON) will release its fourth quarter and fiscal year 2026 financial results before the U.S. stock market opens on Thursday, August 6, 2026. The company will host a conference call and live audio webcast to discuss the financial results at 8:30 a.m. (Eastern Time) that day.

Peloton Interactive (PTON 2.54%) currently trades 96% below its all-time high (as of June 30), a record set all the way back in January 2021. However, the consumer discretionary stock has recently started to pedal in the right direction. It's up 34% in the past three months.

Has Peloton, an innovator in the fitness market, finally started to turn the corner in a sustainable way?

Image source: The Motley Fool.

During the most recent fiscal quarter (Q3 2026, ended March 31), the company reported $26.4 million in net income and $150.5 million in free cash flow. Its profitability has been improving thanks to cost cuts.

Additionally, Peloton's net debt declined 70% year over year. Investors appreciate the business operating from a sounder financial position.

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However, Peloton has yet to prove that it can register durable growth, the key argument supporting the bear case. Revenue is projected to fall 2.3% in fiscal 2026, according to consensus analyst estimates. This would mark the fifth consecutive year of a decline.

The business continues to look like a one-hit COVID-era wonder that's struggling mightily to drive higher sales. Its connected fitness subscriber base also keeps shrinking, demonstrating waning interest among consumers.

Shares have been on a hot streak over the past three months. Investors should still avoid trying to ride the momentum.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy.

Shares of Peloton Interactive Inc. NASDAQ: PTON have been attempting a comeback after hitting a 52-week low in mid-March.

Peloton Interactive Today

PTON

Peloton Interactive

$5.55 -0.10 (-1.77%)

As of 04:00 PM Eastern

52-Week Range$3.65▼

$9.20P/E Ratio138.78

Price Target$8.25

The stock has climbed more than 40% since then, as the market has seemingly begun to buy into the idea that the company’s long-running turnaround effort may finally be gaining traction.

Peloton’s latest earnings report added to that optimism, with shares rallying after the company reported fiscal third-quarter 2026 results on May 7. However, the stock has since given back most of those gains, leaving some investors wondering whether it’s actually time to get back on the bike.

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Peloton Delivers Encouraging EarningsPeloton’s Q3 results for fiscal year 2026 (FY2026) offered some encouraging signs for investors. The company reported revenue of roughly $631 million, up 1% year over year and topping Wall Street expectations by nearly $13 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $126 million, up 41% from the previous year, while net debt declined 70% year over year.

The company also returned to profitability, reporting net income of $26 million. Earnings per share of 6 cents improved from a loss of 12 cents in the year-ago quarter, though results came in a penny below expectations. Gross margin rose 90 basis points year over year to 52%, but came in below the company’s guidance due to promotions on its connected fitness equipment.

Commercial Business and Spotify Partnership Offer Growth OpportunitiesThe commercial business unit was a strong performer during the quarter, with a 14% year-over-year rise in revenue. The company is looking to build on that momentum with the release of new commercial products, including a bike and a treadmill, expected in the second quarter.

In the company’s earnings call, Chief Executive Peter Stern addressed the opportunity in the commercial space, saying, “We see tremendous upside in this category as we estimate that we have only a 3% share of the more than $10 billion and growing global commercial fitness equipment market segment.”

Peloton also announced a partnership with Spotify Technology NYSE: SPOT, which will bring more than 1,400 classes to Spotify Premium users worldwide.

Guidance Offers a Mixed PicturePeloton updated its 2026 outlook as well, increasing the midpoint of its 2026 revenue guidance to a range of $2.42 billion to $2.44 billion, and raising its free cash flow outlook to around $350 million, up $75 million from its prior minimum target.

On the flip side, the company lowered its total gross margin outlook by 50 basis points from earlier guidance to 52.5%. The adjusted EBITDA outlook remained in line with earlier guidance at $470 million to $480 million. The company said it expects ending paid connected fitness subscriptions to decline 8.6% year over year at the midpoint to a range of 2.55 million to 2.57 million.

Wall Street Remains Cautiously OptimisticInvestors initially cheered the report, with shares rising more than 16% at one point during the session before closing up nearly 9% for the day. In the sessions that followed, however, optimism appeared to fade as shares fell in three of the next five trading days, giving back nearly 11%. Currently, shares are trading roughly around where the stock closed before the earnings report.

Peloton Interactive, Inc. (PTON) Price Chart for Friday, June, 12, 2026

Following the earnings release, Goldman Sachs Group, Inc. increased its price target on Peloton to $8 from $7, while Weiss Ratings modestly upgraded the stock from Sell (D) to Sell (E+), suggesting some improvement in the company’s outlook even though the firm maintained a bearish stance on the stock.

The current consensus rating on the stock is a Hold, with eight Hold ratings, five Buy ratings, and one Sell rating.

On average, Wall Street still sees meaningful upside for the stock over the next 12 months. The average price target of $8.25 is roughly 55% above the current share price.

Based on price targets issued or updated over the last year, analyst targets range from $5 to $12, though most targets imply upside from current levels.

Short Interest Has Improved, But Skepticism RemainsShort interest in Peloton shares has declined over the last few months, suggesting at least some investors may be becoming less bearish on the stock.

Total shares sold short fell from around 67 million shares in mid-February to about 54.5 million shares at the end of April. The percentage of float sold short declined from 16% to 13% during the period.

Peloton is still working through several challenges, including declining subscriptions and margin pressure. However, the company’s latest earnings report suggested its turnaround efforts may be gaining traction, as growth in the commercial business, improved profitability, and stronger free cash flow guidance offered encouraging signs.

Still, the stock’s inability to hold onto its post-earnings gains suggests investors may be waiting for more consistent signs that the turnaround can translate into sustainable long-term growth.

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Peloton Interactive (PTON 1.77%) makes stationary exercise bikes, treadmills, and rowing machines, which it primarily sells to consumers for at-home use. Its stock went public in September 2019 priced at $29, but by the end of 2020, it had soared to a peak of $163. The COVID-19 pandemic sparked a surge in demand for the company's equipment, as lockdowns and social restrictions limited the use of gyms and other training facilities.

But when social conditions started to normalize in 2022, demand for Peloton's hardware plummeted. The company was faced with shrinking revenue and growing losses, which at one point threatened its very survival.

Peloton continues to struggle with weak sales, but the company's bottom line is now in much better shape thanks to a series of drastic cost cuts. With its stock trading 96% below its 2020 high, could this be a good time for investors to buy?

Image source: Peloton Interactive.

Peloton's business has undergone a significant transformation over the last few years. In fiscal 2021 (ended June 30, 2021), exercise equipment sales were the largest contributor to the company's $4 billion in total revenue. But through the first three quarters of fiscal 2026 (ended March 31), equipment sales represented less than one-third of its revenue base.

That's mostly because demand for Peloton's products collapsed after the peak of the pandemic, but it also reflects a shift toward digital subscription services. The company offers a connected fitness subscription for customers who own its exercise equipment, which gives them access to virtual classes and real-time performance tracking. The company also offers a separate subscription to its mobile app for customers who don't own its equipment, which provides them with workout plans and other basic features.

These subscriptions now account for the bulk of Peloton's revenue. On the plus side, they have high profit margins, but they aren't very sticky, so it's tough to keep members around. In fact, during the third quarter, Peloton's connected fitness subscriber base shrank 8% year over year to 2.66 million members, and its paid app subscriber base declined by 9% to 522,000 members.

In other words, not only is Peloton struggling to sell equipment, but it's also having trouble sustaining its membership base.

As a result, the company's total revenue has declined in every single year since fiscal 2021, and it's on track to decline again during fiscal 2026, according to management's guidance.

Fiscal Year

Revenue

Revenue Growth (Contraction)

Fiscal 2021

$4.02 billion

120%

Fiscal 2022

$3.58 billion

(11%)

Fiscal 2023

$2.8 billion

(22%)

Fiscal 2024

$2.7 billion

(4%)

Fiscal 2025

$2.49 billion

(7%)

Fiscal 2026 (forecast)

$2.43 billion

(2%)

Data source: Peloton Interactive.

On to the good news Peloton's management team appeared to be caught off guard when revenue started shrinking in fiscal 2022, because they had positioned the company's costs as if more growth was coming. Therefore, with less money coming in and more money going out, Peloton suffered a staggering net loss of $2.8 billion that year. If management didn't act fast to slash costs, the company probably wouldn't have survived.

Peloton is now spending less on everything from marketing to research and development. During the first nine months of fiscal 2026, the company's total operating expenses were just $862 million -- down sharply from $2.2 billion in the first nine months of fiscal 2022. As a result, it has eked out a small generally accepted accounting principles (GAAP) profit of $1.6 million in fiscal 2026 to date, so bankruptcy is no longer a real risk in the near term.

But there is a catch. By constantly cutting costs, Peloton is investing less in developing new products and acquiring new customers, making it harder to generate revenue growth. The company will eventually run out of ways to reduce expenses, so if it doesn't find a way to generate an organic increase in equipment and subscription sales, it will inevitably start making losses again.

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Is it time to buy Peloton stock? Peloton is trying to boost sales in a few different ways. It now sells equipment through third-party retailers like Amazon, Dick's Sporting Goods, and even Costco. And during the recent third quarter, it launched commercial versions of its flagship treadmill and exercise bike to sell to gyms and other training facilities. The shift into business-to-business sales will certainly expand the company's addressable market.

Peloton has $1.1 billion in cash on hand, so it has some headroom to experiment with different strategies, especially now that it's generating GAAP profits. But the company is also carrying $944 million in long-term debt, so it has a very limited window of opportunity to produce results.

Wall Street isn't convinced sales growth is on the horizon because analysts are forecasting flat revenue in fiscal 2027. Peloton has already had five years to prove it can turn its dwindling sales around without success, so it probably isn't wise for investors to bet on a different outcome right now.

A beaten-down stock isn't always a cheap stock, so I don't think Peloton's 96% decline represents a buying opportunity.

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Accomplished finance executive to further enable company’s wellness ambition and ensure disciplined growth

NEW YORK--(BUSINESS WIRE)--Peloton Interactive, Inc. (NASDAQ: PTON) today announced the appointment of Siddharth (“Sid”) Thacker as the company’s Chief Financial Officer, effective June 22, 2026. Thacker, an accomplished finance leader with a deep foundation as an institutional investor, will oversee Peloton’s global finance organization as well as corporate strategy. Under his leadership, Peloton will maintain its disciplined financial approach while pursuing broader market opportunities across the fitness and wellness landscape and delivering on its plans to return to sustainable, profitable revenue growth.

Thacker will join the company following a successful tenure as Chief Financial Officer at Rent the Runway. During his three years in the role, he led a significant financial and operational transformation that reset the company's balance sheet and drove a return to top-line revenue and subscriber growth. He accomplished these results with a customer-first mindset and through deep cross-functional partnership, engineering a shift to a more capital-efficient inventory model, optimizing marketing spend and scaling revenue streams including resale and advertising. Before stepping into his role as Chief Financial Officer, Thacker served the company as SVP Finance and Head of Data Science.

Prior to Rent the Runway, Thacker spent two decades as a public market investor, managing complex asset portfolios, and sourcing and leading investments across consumer, financial and tech-enabled services.

“This is a pivotal time for Peloton as we are now operating from a place of strategic optionality and playing offense. Sid brings the financial acumen, forward-looking strategy, and deep consumer focus we need to drive our next chapter,” said Peter Stern, CEO and President, Peloton. “He knows how to grow a business with multiple revenue streams, and he brings the financial discipline to make sure we do it right. Plus, his background as an investor gives us a unique edge as we look to accelerate innovation and grow our impact."

“Having spent decades looking at businesses as a finance leader and as an investor, I’m excited by Peloton’s many strategic assets, from its iconic brand and unmatched instructors to its deeply loyal global community,” said incoming CFO Sid Thacker. “I look forward to working with the entire Peloton team to build on the current momentum and discipline, sharpen execution, and usher in a new chapter of profitable growth.”

Thacker will report to CEO Peter Stern and will be based at the company’s New York headquarters. He succeeds interim Chief Financial Officer Saqib Baig, who will remain the company’s Chief Accounting Officer.

About Peloton

Peloton (NASDAQ: PTON) provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world’s most supportive fitness community. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to statements regarding changes to our leadership team, our future operating results and financial position, our business strategy and plans, our growth, and our objectives for future operations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to a number of risks, uncertainties, and assumptions and other important factors that could cause actual results to differ materially from those stated, including the risks and uncertainties described in the sections titled “Risk Factors” in Part I, Item 1A and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, as such factors may be updated in our filings with the Securities and Exchange Commission. Our forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update any of these forward-looking statements for any reason after the date of this press release or to conform these statements to actual results or revised expectations, except as required by law.

More News From Peloton Interactive, Inc.

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Peloton Interactive (PTON 1.77%), a connected fitness products and services provider, closed Tuesday at $5.77, up 1.05%. The stock moved following the announcement of Sid Thacker as its new Chief Financial Officer. Investors are watching how leadership changes support its ongoing profitability gains. Trading volume reached 65.8 million shares, about 364% above its three-month average of 14.2 million shares. Peloton Interactive IPO'd in 2019 and has fallen 78% since going public.

How the markets moved todayThe S&P 500 added 0.62% to finish Tuesday at 7,519, while the Nasdaq Composite gained 1.19% to close at 26,656. In the leisure space, industry peer Yeti closed at $46.05, up 1.36%, as investors compare branded consumer demand trends across discretionary names.

What this means for investorsWhile the market didn’t seem to have a major reaction to Sid Thacker joining Peloton as the company’s new CFO, it could prove to be a promising move for investors. Thacker was previously the CFO at Rent the Runway for the last three years and “reset the company's balance sheet and drove a return to top-line revenue and subscriber growth.”

This ties in perfectly with the cost restructuring and streamlining taking place at Peloton. The company recently reached break-even profitability and recorded its first-quarter revenue growth since early 2022. Thacker flipped RENT stock’s net income positive in a relatively short time there, so Peloton should be in good financial hands with this announcement. One note for interested investors: PTON’s share count has climbed 7% annually since 2023, however.

Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool recommends Yeti. The Motley Fool has a disclosure policy.

May 28, 2026 16:05 ET  | Source: Peloton Interactive

NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that Chief Executive Officer, Peter Stern, will participate in a fireside chat at the Baird Global Consumer, Technology & Services Conference on Tuesday, June 2, 2026 at 1:25 PM EDT.

The live webcast and replay can be accessed in the Events section of the company’s Investor Relations website: https://investor.onepeloton.com/news-and-events/events.

About Peloton Interactive, Inc.
Peloton (NASDAQ: PTON) provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world’s most supportive fitness community. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.

Investor Contact
[email protected]

Press Contact
[email protected]

June 03, 2026 16:05 ET  | Source: Peloton Interactive

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that Chief Executive Officer and President, Peter Stern, will participate in a fireside chat at the virtual Oppenheimer 26th Annual Consumer Growth and E-Commerce on Monday, June 8, 2026 at 1:30 PM EDT.

The live webcast and replay can be accessed in the Events section of the company’s Investor Relations website: https://investor.onepeloton.com/news-and-events/events.

About Peloton Interactive, Inc.
Peloton (NASDAQ: PTON) provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world’s most supportive fitness community. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.

Investor Contact
[email protected]

Press Contact
[email protected]

May was an eventful month for exercise equipment and services specialist Peloton Interactive (PTON 1.77%). The company's stock, beaten down considerably on declines in its all-important subscriber count and a clutch of bottom-line losses, staged a comeback in May. It rose by more than 17% that month, on the back of a flip into profitability in its latest quarter, and other positive factors such as its inclusion on an important stock index.

Shaping up? The first major newsworthy event in May for Peloton was the release of its fiscal third-quarter 2026 figures. For the period, the company boosted revenue by 1% year over year to $631 million. Net income under generally accepted accounting principles (GAAP) came in at over $26 million ($0.06 per share), quite a dramatic change from the year-ago loss of nearly $48 million.

Image source: Getty Images.

That meant a mixed quarter for Peloton, as it handily beat the consensus analyst estimate of just under $619 million. It barely missed on the bottom line; meanwhile, as those pundits were collectively predicting GAAP net income of $0.07 per share.

The news behind the numbers was mixed, too. Yes, the company managed to improve its revenue (if modestly) and land convincingly in the black on the bottom line. It also slightly raised the low end of its full-year revenue guidance range to $2.42 billion from $2.4 billion (the high end remains $2.44 billion). However, its count of connected fitness subscriptions fell again, by nearly 8% to 2.66 million.

Several analysts tweaked their takes on Peloton after earnings were released, and they were clearly more impressed by the positives than discouraged by the negatives. Influential investment bank Goldman Sachs added $1 to its price target on the stock, to $8, and maintained its buy recommendation. Later in the month, big bank Citigroup made a similar move, pushing its price target to $6 per share from $5. It kept its neutral rating intact.

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Indexed On May 21, Peloton was tapped to become a component stock of the S&P SmallCap 600 index, replacing Enviri, effective May 27. That helped to give Peloton a late-in-the-month lift, not least because getting included in such a lineup makes a stock a good target for the many index funds that trawl the market looking for portfolio candidates.

Aping its more successful users, Peloton as a company has slimmed down and become a leaner operation, which is one reason its bottom line looked so much better in the third quarter. If I were an investor, though, I'd be concerned about the continued erosion of subscriptions, since that indicates not every aspect of its business is in prime shape. Given that, I wouldn't be buying this stock now.

Citigroup is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and Peloton Interactive. The Motley Fool has a disclosure policy.