Peloton swings to $63.2M net income in FY26 on cost cuts; member base falls 8%, tariff refunds pending

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 7, 2025 · ~2 min read

Key Changes

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  Operating income turned positive at $160.7M (vs. -$36.2M loss in FY25) and net income reached $63.2M (vs. -$118.9M loss), marking the company's first profitable fiscal year in the disclosed period. The turnaround reflects sustained cost discipline and margin improvements.

  MD&A: Operating Results verify on EDGAR →
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  Member count declined from ~6M to ~5.5M (-8%) and Paid Connected Fitness Subscriptions fell from 2.8M to 2.6M (-9%), despite new Cross Training and Pro Series hardware launches in October 2025. Subscription revenue grew only 0.1% as price increases offset subscriber losses.

  Business: Member Metrics verify on EDGAR →
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  Supreme Court invalidated IEEPA tariffs in February 2026; Peloton filed refund claims in June and began receiving payments after year-end (not recognized in FY26 financials). Section 232 steel/aluminum tariffs (50%) removed in April; new Section 301 tariffs (10-12.5%) took effect July 2026.

  MD&A: Tariffs verify on EDGAR →