---
schema_version: "secwatch.filing_event.v1"
accession: "0001639825-25-000077"
form_type: "8-K"
ticker: "PTON"
cik: "0001639825"
company_name: "PELOTON INTERACTIVE, INC."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:39:28.962346+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Peloton Q3 exceeds guidance; raises FY25 Adjusted EBITDA guidance to $330-350M

## Summary
- Q3 Ending Paid Connected Fitness Subscriptions, Revenue, Gross Margin, and Adjusted EBITDA at or above high end of guidance.
- Operating expenses down 23% YoY; generated over $90M in GAAP operating cash flow and Free Cash Flow.
- Total Debt decreased $191.8M (11.3% YoY); Net Debt down $311.6M (34.8% YoY).
- Member satisfaction improves: NPS above 70 for Cardio hardware, above 80 for Tread; MSAT up 1-5% QoQ.
- Raising FY25 Adjusted EBITDA guidance to $330-$350M; expects Free Cash Flow ~$250M.

## SEC filing metadata
- accession: 0001639825-25-000077
- form_type: 8-K
- ticker: PTON
- cik: 0001639825
- company_name: PELOTON INTERACTIVE, INC.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639825/000163982525000077/0001639825-25-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639825/000163982525000077/pton-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001639825-25-000077
- JSON: https://secwatch.observer/filing/0001639825-25-000077.json
- Plain text: https://secwatch.observer/filing/0001639825-25-000077.txt

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