Filing Flows › Peloton Interactive (PTON) › Q4 FY25
Peloton Interactive (PTON) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 7, 2025
Peloton Interactive (PTON) reported revenue of $607M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -3% from the quarter before. Operating margin was 4.9%, net earnings $21.6M (3.6% of revenue).
Peloton Interactive, Q4 FY25: revenue $607M (-6% year over year), operating margin 4.9%, net earnings $21.6M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $607M | -3% | -6% |
| Gross profit | $328M | +3% | +5% |
| Operating profit | $29.6M | — | — |
| Net earnings | $21.6M | — | — |
| Operating cash flow | $117M | +21% | +258% |
| Free cash flow | $112M | — | +332% |
What changed
Revenue was $606.9M in Q4 FY25, down 6% year over year and down 3% from the previous quarter. Subscription was the largest line at 67% of revenue.
Gross margin was 54.1%, up 5.6 points from a year earlier. Operating profit was $29.6M, a 4.9% margin (up 14.7 points year over year). Operating expenses fell 20% while revenue fell 6%. The fastest-growing cost line was Other operating costs (+388%). Net earnings were $21.6M. The effective tax rate was 4.8%.
Operating cash flow was $117.1M (up 258% year over year), 542% of net earnings. Non-cash charges added back $20.9M of depreciation and amortization and $53.4M of share-based compensation. Working capital and other items added $21.2M. After capital expenditures ($4.7M), free cash flow as the company reports it was $112.4M.
Questions
What was Peloton Interactive's revenue in the fourth quarter fiscal 2025?
Peloton Interactive (PTON) reported revenue of $607M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -3% from the quarter before.
Was Peloton Interactive profitable in the fourth quarter fiscal 2025?
Operating profit was $29.6M (4.9% of revenue) and net earnings $21.6M.