Peloton Interactive reported net income of $26.4 million and free cash flow of $150.5 million in the third quarter of fiscal 2026, marking a significant improvement in profitability driven by cost cuts. The company's net debt fell 70% year over year, strengthening its financial position. However, revenue is projected to decline 2.3% for the full fiscal year, which would be the fifth consecutive year of falling sales, and its connected fitness subscriber base continues to shrink. Despite a 34% share price gain over the past three months, the business has yet to demonstrate durable growth.
Peloton Interactive IncReported net income and free cash flow, reduced net debt, improving financial position.