PTON

• Full year FY26 GAAP net income was $63 million, with adjusted EBITDA of $468 million, up 16% year-over-year.
• Full year FY26 free cash flow was $378 million, up $54 million or 17% year-over-year; net debt decreased 80% to $93 million.
• Q4 FY2026 GAAP net income was $62 million, adjusted EBITDA was $142 million, and total gross margin was 56.7%.
• FY27 outlook: total revenue of $2.3-$2.4 billion, adjusted EBITDA of $475-$525 million, and free cash flow of at least $350 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Thacker previously served as CFO of Rent the Runway from May 2023 to June 2026.
• His compensation includes a $635,000 base salary, a 60% annual cash bonus, and equity awards valued at $8,000,000.
• Thacker will be eligible for the company's Severance and Change in Control Plan as a Tier 1 participant.
• The appointment was announced via a press release on May 26, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• GAAP net income was $26 million; Adjusted EBITDA was $126 million, up 41% year-over-year.
• Net debt was $173 million, down 70% year-over-year; free cash flow was $151 million, up 59% year-over-year.
• Ending paid connected fitness subscriptions were 2.662 million, down 7.6% year-over-year.
• Full-year FY26 revenue outlook raised to $2.42-$2.44 billion; free cash flow expected around $350 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Jen Cotter transitions from Chief Content Officer to non-executive advisory role effective March 31, 2026.
• Cotter's transition is not due to any disagreement with the company.
• Cotter will receive base salary continuation for 12 months, bonus payments, COBRA coverage, and other benefits under a transition agreement.
• Cotter will provide advisory services through August 16, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Saqib Baig, Peloton's Chief Accounting Officer, will become interim Chief Financial Officer effective March 27, 2026.
• Baig has served as Chief Accounting Officer since November 2022 and also as CFO of the Commercial Business Unit since August 2025.
• Before Peloton, Baig was Controller of Accounting Risk, Valuation, and Financial Reporting at Meta Platforms from July 2019 to November 2022.
• Baig has over 25 years of global finance and leadership experience.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Liz Coddington will step down as Chief Financial Officer effective March 27, 2026, to pursue an external opportunity.
• Coddington will not receive severance payments or benefits under the Company's Severance and Change in Control Plan.
• Peloton has begun a comprehensive search for a successor CFO.
• The company also reported Q2 FY2026 results and raised full-year Adjusted EBITDA guidance to $450-$500 million.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Peloton Interactive, Inc. held its 2025 Annual Meeting of Stockholders on December 9, 2025, in a virtual format.
• The director election results were: Karen Boone 563,473,882 for; Chris Bruzzo 446,586,036 for; Tara Comonte 568,775,745 for, with broker non-votes of 59,961,551 for each.
• Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year ending June 30, 2026, with 632,589,004 votes for, 722,844 against, and 803,940 abstentions.
• A quorum was present with 322,059,748 shares of Class A Common Stock and 15,602,802 shares of Class B Common Stock represented; Class A shares carry one vote each and Class B shares carry 20 votes each.

5.07 Submission of Matters to a Vote of Security Holders

• GAAP net income was $14 million, up $15 million year-over-year; Adjusted EBITDA was $118 million, up 2% year-over-year.
• Free cash flow was $67 million, up $57 million year-over-year; cash provided by operating activities was $72 million.
• Ending paid connected fitness subscriptions were 2.732 million, down 6% year-over-year.
• Full year FY2026 Adjusted EBITDA guidance raised to $425-$475 million, up $25 million from prior outlook; free cash flow minimum target raised to $250 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits