Company / R&D Expense
PELOTON INTERACTIVE, INC. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$234.2M
FY2025
5-year range
$89.1M / $318.4M
FY2021-FY2025
Trend
-23.2%
vs FY2024
Sector context
#41 of 174
Industrials
What the data says
PELOTON INTERACTIVE, INC.'s r&d expense of $234M is higher than 76% of companies in the Industrials sector (FY2025). R&D Expense has fluctuated over the past 8 years, ranging from $23M in FY2018 to $318M in FY2023.
Based on SEC 10-K filings.
$234M in FY2025 with a 5-year CAGR of +21.3%. Top quartile in the Industrials sector.
Declined from $318M to $234M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +38.0%
- 5-Year CAGR
- +21.3%
- 10-Year CAGR
- -
Sector benchmark
Top 24% in IndustrialsTop 24% of 174This company $234.2M Sector average $273.7M
▼
-14.4% below sector average
Key checks
Key Insights
- 5-year CAGR of +21.3%, indicating consistent growth.
- In FY2025, r&d expense decreased 23.2% year-over-year.
- Ranks #41 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score -0.97 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $234.2M | -23.2% |
| FY2024 | $304.8M | -4.3% |
| FY2023 | $318.4M | +257.4% |
| FY2022 | $89.1M | -64.0% |
| FY2021 | $247.6M | +177.9% |
| FY2020 | $89.1M | +62.6% |
| FY2019 | $54.8M | +134.2% |
| FY2018 | $23.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026