In the third quarter of fiscal 2026, Peloton reported positive net income and free cash flow. The company's biggest challenge, its declining user base and revenue, supports the bear case.

Peloton Interactive, Inc. (PTON) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q3
while the company achieved a 23.9% FCF margin in 2026Q3, the persistent negative equity of -$413.8M and stagnant revenue growth suggest significant long-term solvency risks remain.
Peloton Interactive, Inc. (PTON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Peloton Interactive, Inc. (PTON) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.05vs $0.07-28.6% | $631Mvs $618M+2.0% |
| Q1 2026 | Feb 5, 2026 | $0.09vs $0.07-28.6% | $657Mvs $676M-2.8% |
| Q4 2025 | Nov 6, 2025 | $0.03vs $0.01+200.0% | $551Mvs $541M+1.8% |
| Q3 2025 | Aug 7, 2025 | $0.05vs $0.07+171.4% | $607Mvs $549M+10.5% |
Recent stock market news and headlines for Peloton Interactive, Inc. (PTON)
In the third quarter of fiscal 2026, Peloton reported positive net income and free cash flow. The company's biggest challenge, its declining user base and revenue, supports the bear case.

Key metrics vs top competitors for Peloton Interactive, Inc. (PTON)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.82 | $2.38B | -19.40 | -7.77% | -4.77% | — | — | |
| $5.40 | $301.53M | -4.35 | -13.49% | -6.3% | -32.08% | — | |
| $7.71 | $2.11B | -58.20 | 17.18% | -21.78% | -26.68% | — | |
| $115.07 | $13.07B | 8.68 | 4.86% | 13.03% | 31.26% | — | |
| $43.21 | $63.94B | 20.00 | -9.84% | 4.84% | 16.41% | — | |
| $6.57 | $2.8B | -5.66 | -3.86% | -9.94% | -30.13% | — |
Peloton Interactive, Inc. (PTON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Peloton Interactive, Inc. (PTON) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Mar 17, 2026·SEC
Mar 11, 2026·SEC
Aug 7, 2025·SEC
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Peloton Interactive, Inc. (PTON) stock FAQ — growth, dividends, profitability & financials explained
Peloton Interactive, Inc. (PTON) reported $2.45B in revenue for fiscal year 2025. This represents a 1019% increase from $218.6M in 2017.
Peloton Interactive, Inc. (PTON) saw revenue decline by 7.8% over the past year.
Yes, Peloton Interactive, Inc. (PTON) is profitable, generating $23.2M in net income for fiscal year 2025 (-4.8% net margin).
Peloton Interactive, Inc. (PTON) generated $401.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.