Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsDebt/equity is shown as not meaningful rather than as a negative leverage ratio.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2026-06-30.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue was broadly stable
Latest reported annual revenue changed -1.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2026-06-30.
- Operating margin improved
Operating margin changed +8.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2026-06-30.
- Free cash flow was positive
Latest reported free cash flow was $378M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2026-06-30.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-13
- Latest period end
- 2026-06-30
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Subscription Segment$1.68B68.5%+0.1% yoy
- Connected Fitness Products Segment$770M31.5%-5.7% yoy
Members sum to the consolidated $2.45B for this period.
- Subscription And Circulation$1.68B68.5%+0.1% yoy
- Product$770M31.5%-5.7% yoy
Members sum to the consolidated $2.45B for this period.
- North America$2.21Bshare n/a-3.0% yoy
- United States$2.12Bshare n/a-3.1% yoy
- Outside the United States$240Mshare n/a+10.6% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Subscription Segment$428M67.8%+2.3% yoy
- Connected Fitness Products Segment$203M32.2%-1.3% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2026-06-30 · among 4,090 US-listed filers · 481 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.4B | 69thof 3,266 top third | 54thof 464 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -1.8% | 24thof 3,105 bottom third | 25thof 451 bottom third |
Gross margin gross profit ÷ revenue | 52.6% | 68thof 1,591 top third | 83rdof 330 top third |
Operating margin operating income ÷ revenue | 6.6% | 60thof 2,792 middle third | 63rdof 432 middle third |
Net margin net income ÷ revenue | 2.6% | 51stof 3,230 middle third | 51stof 460 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 15.4% | 77thof 2,659 top third | 91stof 419 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 8.1% | 28thof 2,869 bottom third | 6thof 415 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 12 days | 88thof 2,384 top third | 69thof 383 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 0.3× | 75thof 1,535 top third | 79thof 244 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 6.1× | 92ndof 2,253 top third | 91stof 316 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -15.5% | 83rdof 3,875 top third | 89thof 459 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -293.9% | 98thof 3,321 top third | 100thof 360 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2026-06-30 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 1 changed period| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$13.7M 10-Q 2021-05-07 | -$14.1M 10-K 2022-09-07 | -2.9% | first · latest · 4 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for PTON yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.