---
schema_version: "secwatch.filing_event.v1"
accession: "0001639825-22-000132"
form_type: "8-K"
ticker: "PTON"
cik: "0001639825"
company_name: "PELOTON INTERACTIVE, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:16:42.955221+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Peloton Q1 FY23 FCF improves to -$246M; gross margin turns positive 35.2%

## Summary
- Free cash flow improved from -$747M in Q3'22 to -$246M in Q1'23; forecast near breakeven in H2 FY23.
- Gross margin swung from -4.4% in Q4'22 to +35.2% in Q1'23 (adj. 38.3% ex recall items).
- Adjusted EBITDA improved Q/Q from -$289M to -$33M in Q1'23.
- Ended quarter with $938M cash and $500M unused revolver; monthly subscriber churn at 1.1%.
- Highlights third-party distribution deals (Amazon, Dick's, Hilton) and FaaS rollout.

## SEC filing metadata
- accession: 0001639825-22-000132
- form_type: 8-K
- ticker: PTON
- cik: 0001639825
- company_name: PELOTON INTERACTIVE, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639825/000163982522000132/0001639825-22-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639825/000163982522000132/pton-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001639825-22-000132
- JSON: https://secwatch.observer/filing/0001639825-22-000132.json
- Plain text: https://secwatch.observer/filing/0001639825-22-000132.txt

## Key facts
- Earnings Releases
  PELOTON INTERACTIVE, INC. reported financial results for quarter ended September 30, 2022.
  - Period: quarter ended September 30, 2022
  - Result: reported results
  source text: On November 3, 2022, Peloton Interactive, Inc. (“Peloton” or the “Company”) will hold a conference call regarding its financial results for the quarter ended September 30, 2022. Peloton also issued a letter to its stockholders announcing its financial results for the quarterly period ended September 30, 2022 (the “Shareholder Letter”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639825/000163982522000132/0001639825-22-000132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.