Peloton Interactive, Inc.
Explore Peloton Interactive
Core profile pages, annual revenue records, and related research hubs for this company.
Peloton Interactive, Inc.
Explore Peloton Interactive
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2012 in New York, New York
Peloton was founded in 2012 by John Foley, Graham Stanton, Hisao Kushi, Tom Cortese, and Yony Feng. The founding idea was to bring boutique studio cycling into the home through connected hardware, live classes, and a leaderboard-driven community.
John Foley, born in 1971, is an American entrepreneur and business executive who co-founded Peloton Interactive in 2012 and served as its CEO until February 2022. Before founding Peloton, Foley held executive positions at Barnes & Noble, where he was responsible for the company's digital transformation and played a key role in the development of the Nook e-reader. Foley's experience at Barnes & Noble, where he witnessed firsthand the disruptive impact of digital technology on a traditional retail business, informed his vision for Peloton as a company that would use technology to disrupt the traditional fitness studio model. Under Foley's leadership, Peloton grew from a startup with $435 million in annual revenue in fiscal year 2018 to a public company with $4.022 billion in revenue by fiscal year 2021, achieving a peak market capitalization above $50 billion in January 2021. However, the post-pandemic correction in home fitness demand, combined with operational challenges including the Tread+ recall and music licensing controversies, led to a dramatic decline in Peloton's stock price and mounting pressure from investors for a change in leadership. Foley stepped down as CEO in February 2022, becoming executive chairman, and was replaced by Barry McCarthy, the former CFO of Spotify and Netflix. Foley subsequently resigned from the board in 2023 and founded Ernesta, a home textiles company, in 2023. Foley's net worth, which peaked at approximately $1.5 billion during Peloton's stock market apex, declined significantly following the post-pandemic stock price collapse.
Graham Stanton is a co-founder of Peloton Interactive who played a key role in the company's early product development and hardware engineering efforts. Stanton's technical background complemented John Foley's business expertise, and the two worked closely together in the company's formative years to develop the first generation Peloton Bike. Stanton's contributions were particularly important during the product development phase, when the company faced significant technical challenges in creating a reliable connected fitness platform. Stanton eventually departed Peloton as the company scaled and professionalized its management team, though his early contributions were critical to the company's ability to bring a viable product to market.
Hisao Kushi is a co-founder of Peloton Interactive who contributed to the company's early operations and supply chain development. Kushi's expertise in operations was critical during the company's formative years, when Peloton needed to establish manufacturing relationships, build distribution networks, and develop the logistical infrastructure necessary to deliver premium fitness equipment to customers across the United States. Kushi eventually departed Peloton as the company scaled and brought in professional management with public company experience.
Tom Cortese is a co-founder of Peloton Interactive who was working with John Foley at Barnes & Noble when Foley first conceived the idea for a connected fitness platform. Cortese's decision to join Foley in founding Peloton provided the company with an additional co-founder who understood the target customer demographic of time-pressed professionals and could contribute to the early product development and business strategy. Cortese eventually departed Peloton as the company scaled and professionalized its management team.
Yony Feng is a co-founder of Peloton Interactive who contributed to the company's early software development and user interface design efforts. Feng's technical expertise was critical in the development of the Peloton touchscreen interface, which became a defining feature of the user experience and differentiated the product from competing connected fitness equipment. Feng eventually departed Peloton as the company scaled and brought in professional software engineering talent to manage the increasingly complex software platform.
John Foley and co-founders launched Peloton around connected home cycling and live classes.
The company brought its premium connected bike to market.
Peloton went public on the NASDAQ under PTON.
Revenue peaked during the home fitness boom and Peloton completed the Precor acquisition.
Peter Stern became CEO and President effective January 1, 2025.
Peloton reported $2.4908 billion of FY2025 revenue and a narrowed $118.9 million net loss.
Peloton appointed Sid Thacker as CFO effective June 22, 2026.
Peloton acquired Precor, a US-based fitness equipment manufacturer and fitness cloud operator, for $420 million in cash on April 1, 2021, to establish the company's US manufacturing footprint, enhance research and development capabilities, and accelerate growth of commercial fitness verticals. The acquisition was intended to give Peloton greater control over its supply chain and reduce dependence on overseas manufacturing partners.
Peloton acquired Tonic Fitness Technology in 2019 to strengthen in-house manufacturing and supply chain control, tightening the company's ability to manage production quality and reduce dependence on third-party contract manufacturers. The acquisition was part of Peloton's strategy to vertically integrate its operations and gain greater control over the hardware production process.
Peloton acquired Breathwrk, a breathing exercise app, for $2.2 million on October 3, 2025, as part of CEO Peter Stern's strategy to expand the Peloton platform beyond traditional fitness content into the broader wellness category, which includes meditation, sleep, nutrition, and mental health. The acquisition represented a small but strategically significant step toward transforming Peloton from a fitness company into a comprehensive wellness platform.
Peloton is a connected fitness and digital subscription company headquartered in New York, New York. It reported $2.49B of FY2025 revenue.
Peloton reported $2.4908 billion of revenue for FY2025.
No. Peloton reported $118.9 million net loss for FY2025.
Peter Stern is the current CEO of Peloton. He became CEO and President effective January 1, 2025.