# Peloton Interactive share price today (Peloton Interactive, Inc., PTON)

> Peloton Interactive, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. PTON · Consumer Discretionary · Leisure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/pton

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: $5.31 (−26.9% in a year)
- P/E: 37.9×, against its own history
- Revenue (Jun 2026): $608 M (+0.1% on a year ago)
- Profit (Jun 2026): $61.6 M (+185.2% on a year ago)
- Operating margin: 14.4% (+3.4 points on a year ago)
- ROE: −45%, FY26

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Peloton Interactive share price today? Peloton Interactive, Inc.'s share price was $5.31 at the close on 3 November 2026. It has been stalling near its high for 1 week. That is 1.9% above its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 12 weeks running. In the last 52 weeks it traded between $4 and $8, and at that close it sat 41% of the way up from that low. Over the last 7.1 years the share price moved −79% while the S&P 500 moved +155%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Peloton Interactive pay? Peloton Interactive, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Peloton Interactive on? Peloton Interactive is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Peloton Interactive profitable? Peloton Interactive, Inc. earned $61.6 M of net profit in the Jun 2026 quarter, +185.2% on the same quarter a year earlier. Full-year FY26 profit was $63.2 M. That is 10.1% of the quarter's revenue. The same quarter a year earlier earned $21.6 M. 8 of the last 12 reported quarters were loss-making. ## How much revenue does Peloton Interactive make, and is it growing? Peloton Interactive, Inc. reported $608 M of revenue in the Jun 2026 quarter, +0.1% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 5 years it has grown −9.5% a year on average. The last full year, FY26, came in at $2.4 B. The last four reported quarters add to $2.4 B. FY26 revenue was $2.4 B, −1.8% on the year before. Recent pace: the last four quarters grew −1.9% on average, against −9.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −1.8%, against −4.8% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Peloton Interactive keep? Peloton Interactive, Inc.'s operating margin was 14.4% in the Jun 2026 quarter, 3.4 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −41.0% and 8.7%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +3.4 percentage points on the year while gross margin changed +2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Peloton Interactive's profit turning into cash? Peloton Interactive, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in $388 M of operating cash against $63.2 M of profit. After $9.9 M of spending on assets, $378 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Peloton Interactive's cash go? Peloton Interactive, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $38.9 M on assets over the last 3 years. Averaged over those years that is 0.5% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $38.9 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Peloton Interactive's P/E ratio, and how does it compare with its own history? Peloton Interactive, Inc.'s P/E is 37.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Peloton Interactive business getting better or worse? Peloton Interactive, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Peloton Interactive earn on its capital? Peloton Interactive, Inc. earned a ROE of −45% in FY26. That is up from a low of −477% in FY22. Its return on capital used (ROIC) is 1.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.6% net margin and 1.19× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.6% net margin × 1.19× asset turnover × −14.72× leverage (assets divided by equity) ≈ −45.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 14.4% − 12.9% = +1.5 percentage points. The 12.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 14.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY21 at −16.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Peloton Interactive have too much debt? Peloton Interactive, Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.86 in FY21 to −12.24 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Peloton Interactive shareholding pattern? 14.5% of Peloton Interactive, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Peloton Interactive from balance-sheet trouble? For Peloton Interactive, Inc., the Z-score is −0.97. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of −0.97 is inside the danger zone, so the balance sheet is a real risk. ## How does Peloton Interactive rank in its industry? 47.9 out of 100, rank 14 of 23 in Leisure, with 64% of the evidence available. Peloton Interactive, Inc. scores 47.9 out of 100 against the 23 companies it is compared with in Leisure, ranking 14. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.3 + 11.9 + 9 + 8.7 = 47.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Peloton Interactive compared with? Peloton Interactive ranks 14 of 23 Leisure companies on the 4-Factor Sector Score, with 47.9 out of 100. 1. [Hasbro, Inc.](https://www.sectoralpha.in/us/stocks/has) HAS · breaking out · Most evidence points up · 67% evidence 74.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 18.9% · Profit n/a · Operating margin change 7.8 points · 71% evidence Capital efficiency 20.1/25 · ROCE 32.9% · Operating margin 32.4% · 76% evidence Valuation 10.3/20 · P/E 13× · PEG n/a · 15% evidence Relative strength 17.5/20 · Lead over its industry 23.7% · Lead over S&P 500 23.4% · 1 year 54.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 26.3 + 20.1 + 10.3 + 17.5 = 74.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [JAKKS Pacific, Inc.](https://www.sectoralpha.in/us/stocks/jakk) JAKK · breaking out · Most evidence points up · 85% evidence 66.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 9.2% · Profit 100% · Operating margin change 0.8 points · 95% evidence Capital efficiency 9.7/25 · ROCE 7.4% · Operating margin 14.7% · 76% evidence Valuation 15.0/20 · P/E 11× · PEG 0.2 · 65% evidence Relative strength 18.8/20 · Lead over its industry 36.5% · Lead over S&P 500 36.6% · 1 year 88.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.2 + 9.7 + 15 + 18.8 = 66.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Escalade, Incorporated](https://www.sectoralpha.in/us/stocks/esca) ESCA · quiet · Evidence leans up · 81% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 1.7% · Profit 64.3% · Operating margin change 15.9 points · 83% evidence Capital efficiency 17.9/25 · ROCE 15.9% · Operating margin 20.7% · 76% evidence Valuation 11.5/20 · P/E 11.2× · PEG 1.16 · 65% evidence Relative strength 11.2/20 · Lead over its industry 13.1% · Lead over S&P 500 13% · 1 year 71.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 24.3 + 17.9 + 11.5 + 11.2 = 64.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Planet Fitness, Inc.](https://www.sectoralpha.in/us/stocks/plnt) PLNT · turning · Evidence leans up · 81% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 11.5% · Profit 25.9% · Operating margin change 0.2 points · 83% evidence Capital efficiency 18.9/25 · ROCE 16.1% · Operating margin 33.7% · 76% evidence Valuation 13.5/20 · P/E 17.4× · PEG 0.55 · 65% evidence Relative strength 6.7/20 · Lead over its industry -25.9% · Lead over S&P 500 -26.6% · 1 year -48.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 18.9 + 13.5 + 6.7 = 60.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [YETI Holdings, Inc.](https://www.sectoralpha.in/us/stocks/yeti) YETI · quiet · Too little evidence to rank firmly · 58% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue n/a · Profit n/a · Operating margin change 8.2 points · 45% evidence Capital efficiency 20.8/25 · ROCE 26.3% · Operating margin 19.3% · 76% evidence Valuation 9.9/20 · P/E 21.1× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -2.4% · Lead over S&P 500 -2.9% · 1 year 23.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.7 + 20.8 + 9.9 + 6.9 = 59.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Life Time Group Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lth) LTH · turning · Evidence leans up · 81% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.1/35 · Revenue 12.8% · Profit 83.2% · Operating margin change 1.2 points · 83% evidence Capital efficiency 11.8/25 · ROCE 6.9% · Operating margin 17.1% · 76% evidence Valuation 10.3/20 · P/E 21.9× · PEG 1.17 · 65% evidence Relative strength 14.0/20 · Lead over its industry 26% · Lead over S&P 500 26.2% · 1 year 74.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 21.1 + 11.8 + 10.3 + 14 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Clarus Corporation CLAR · leader · Evidence leans up · 64% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue -0.4% · Profit n/a · Operating margin change 18.7 points · 62% evidence Capital efficiency 4.6/25 · ROCE -4.5% · Operating margin 5.6% · 76% evidence Valuation 11.0/20 · P/E -3.8× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 30.1% · Lead over S&P 500 29.9% · 1 year 24% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19.6 + 4.6 + 11 + 18.9 = 54.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [OneSpaWorld Holdings Limited](https://www.sectoralpha.in/us/stocks/osw) OSW · turning · Evidence leans up · 81% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.0/35 · Revenue 9.8% · Profit 12.7% · Operating margin change 0.2 points · 83% evidence Capital efficiency 13.2/25 · ROCE 14.3% · Operating margin 9.4% · 76% evidence Valuation 7.1/20 · P/E 35.4× · PEG 1.98 · 65% evidence Relative strength 16.5/20 · Lead over its industry 22.2% · Lead over S&P 500 21.8% · 1 year 37.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16 + 13.2 + 7.1 + 16.5 = 52.8 · What this means: Relative strength against the index is 21.8%, and revenue and profit growth are weak. 9. [American Outdoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/aout) AOUT · leader · Evidence leans up · 67% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue -6.2% · Profit n/a · Operating margin change 17.9 points · 71% evidence Capital efficiency 4.5/25 · ROCE -0.3% · Operating margin -5.1% · 76% evidence Valuation 11.2/20 · P/E -15.6× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 56.4% · Lead over S&P 500 57.2% · 1 year 175.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 16.2 + 4.5 + 11.2 + 20 = 51.9 · What this means: Relative strength against the index is 57.2%, and revenue and profit growth are weak. 10. [Johnson Outdoors Inc.](https://www.sectoralpha.in/us/stocks/jout) JOUT · quiet · Evidence leans up · 64% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 17.4% · Profit n/a · Operating margin change 1.2 points · 62% evidence Capital efficiency 8.8/25 · ROCE 3.4% · Operating margin 9.7% · 76% evidence Valuation 11.4/20 · P/E -56.1× · PEG n/a · 15% evidence Relative strength 8.7/20 · Lead over its industry -2.1% · Lead over S&P 500 -2.6% · 1 year 19.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 22.9 + 8.8 + 11.4 + 8.7 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Callaway Golf Company](https://www.sectoralpha.in/us/stocks/caly) CALY · quiet · Too little evidence to rank firmly · 56% evidence 51.7 out of 100 Growth Capital Valuation Relative
12. [Funko, Inc.](https://www.sectoralpha.in/us/stocks/fnko) FNKO · breaking out · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
13. [Amer Sports, Inc.](https://www.sectoralpha.in/us/stocks/as) AS · basing · Evidence leans down · 71% evidence 49.4 out of 100 Growth Capital Valuation Relative
14. Peloton Interactive, Inc. this page PTON · basing · Evidence leans down · 64% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue -1.8% · Profit n/a · Operating margin change 3.4 points · 62% evidence Capital efficiency 11.9/25 · ROCE 13.9% · Operating margin 14.4% · 76% evidence Valuation 9.0/20 · P/E 40.6× · PEG n/a · 15% evidence Relative strength 8.7/20 · Lead over its industry -7.1% · Lead over S&P 500 -7.4% · 1 year -30.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.3 + 11.9 + 9 + 8.7 = 47.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 15. [Acushnet Holdings Corp.](https://www.sectoralpha.in/us/stocks/golf) GOLF · quiet · Evidence leans down · 81% evidence 47.3 out of 100 Growth Capital Valuation Relative
16. Playboy, Inc. PLBY · turning · Evidence leans down · 64% evidence 44.3 out of 100 Growth Capital Valuation Relative
17. [Tron Inc.](https://www.sectoralpha.in/us/stocks/tron) TRON · basing · Evidence leans down · 64% evidence 41.9 out of 100 Growth Capital Valuation Relative
18. [Mattel, Inc.](https://www.sectoralpha.in/us/stocks/mat) MAT · breaking out · Evidence leans down · 81% evidence 41.3 out of 100 Growth Capital Valuation Relative
19. [Xponential Fitness, Inc.](https://www.sectoralpha.in/us/stocks/xpof) XPOF · basing · Evidence leans down · 64% evidence 41.3 out of 100 Growth Capital Valuation Relative
20. [Lucky Strike Entertainment Corporation](https://www.sectoralpha.in/us/stocks/luck) LUCK · quiet · Most evidence points down · 64% evidence 34.3 out of 100 Growth Capital Valuation Relative
21. [United Parks & Resorts Inc.](https://www.sectoralpha.in/us/stocks/prks) PRKS · basing · Most evidence points down · 81% evidence 33.4 out of 100 Growth Capital Valuation Relative
22. [Six Flags Entertainment Corporation](https://www.sectoralpha.in/us/stocks/fun) FUN · quiet · Most evidence points down · 64% evidence 32.0 out of 100 Growth Capital Valuation Relative
23. Here Group Limited HERE · Most evidence points down · 61% evidence 30.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Leisure](https://www.sectoralpha.in/us/sectors/leisure), all 23 compared on one page. ## Which companies are close to Peloton Interactive in size? Peloton Interactive is the 10th largest of 20 Leisure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: YETI Holdings, Inc., OneSpaWorld Holdings and Callaway Golf Company. Just below it: United Parks & Resorts Inc., Six Flags Entertainment Corporation and Tron Inc. ### Leisure companies close in size

1. [YETI Holdings, Inc.](https://www.sectoralpha.in/us/stocks/yeti) $3.3 billion
2. [OneSpaWorld Holdings Limited](https://www.sectoralpha.in/us/stocks/osw) $3 billion
3. [Callaway Golf Company](https://www.sectoralpha.in/us/stocks/caly) $2.8 billion
4. Peloton Interactive, Inc. $2.3 billion
5. [United Parks & Resorts Inc.](https://www.sectoralpha.in/us/stocks/prks) $1.5 billion
6. [Six Flags Entertainment Corporation](https://www.sectoralpha.in/us/stocks/fun) $763 million
7. [Tron Inc.](https://www.sectoralpha.in/us/stocks/tron) $640 million

[All 20 Leisure companies, largest first](https://www.sectoralpha.in/us/sectors/leisure#all-companies)

### Companies close in size in other industries

1. [NewAmsterdam Pharma Company N.V.](https://www.sectoralpha.in/us/stocks/nams) $2.3 billion · Biotechnology
2. [Autohome Inc.](https://www.sectoralpha.in/us/stocks/athm) $2.3 billion · Internet Content & Information
3. Peloton Interactive, Inc. $2.3 billion
4. [Dana Incorporated](https://www.sectoralpha.in/us/stocks/dan) $2.3 billion · Auto Parts
5. [TransMedics Group, Inc.](https://www.sectoralpha.in/us/stocks/tmdx) $2.3 billion · Medical Devices

## What else do people ask about Peloton Interactive? ### What were Peloton Interactive's latest quarterly results? Peloton Interactive, Inc. reported revenue of $608 M and net profit of $61.6 M for the Jun 2026 quarter. Revenue rose 0.1% and profit rose 185.2% compared with a year earlier. Earnings per share were $0.11. The operating margin was 14.4%, 3.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is Peloton Interactive's market cap? Peloton Interactive, Inc.'s market capitalisation is $2.3 B at a stock price of $5.31. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Peloton Interactive performing? Peloton Interactive, Inc.'s share price has been stalling near its high for 1 weeks. In its latest quarter, revenue rose 0.1% and profit rose 185.2% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 12 weeks running (as of 3 November 2026). ### Will Peloton Interactive's stock price go up? This page does not forecast Peloton Interactive, Inc.'s stock price. What it shows instead: the stock price is $5.31, and it has been stalling near its high for 1 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Peloton Interactive in its business cycle? Peloton Interactive, Inc.'s FY26 operating margin was 8.7%, against a 6-year range of −41.0% to 8.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 14.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Peloton Interactive story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Peloton Interactive a stock worth studying right now? What the numbers show: Peloton Interactive, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.