Peloton, the indoor fitness startup, has filed paperwork for an initial public offering
The company generated $915 million in revenue in its most recent fiscal year, ending June 30, according to its IPO prospectus. That's more than double the revenue it posted in the year prior.But Peloton's net losses are growing, too. The company lost $195.6 million in the most recent year, up sharply from $47.9 million in the year prior.
9 billion last yearIn addition to its indoor bikes, which cost $2,245, the company also sells a $4,295 treadmill with an HD touchscreen for viewing classes.According to risk factors listed in its prospectus, Peloton said that a"significant majority" of revenue comes from the sale of its bikes and a decline in bike sales would negatively impact future revenue and operating results.
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