Quick Answer
PELOTON INTERACTIVE, INC. reported R&D Expense of $234.20 million for fiscal year 2025.
PELOTON INTERACTIVE, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $234.20M | -23.2% |
| 2024 | $304.80M | -4.3% |
| 2023 | $318.40M | -11.4% |
| 2022 | $359.50M | +45.2% |
| 2021 | $247.60M | +177.9% |
| 2020 | $89.10M | +62.6% |
| 2019 | $54.80M | +134.2% |
| 2018 | $23.40M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| December 31, 2025 | $65.00M | +7.8% | +4.7% |
| September 30, 2025 | $62.10M | +6.2% | +4.2% |
| March 31, 2025 | $59.60M | -22.4% | -1.2% |
| December 31, 2024 | $60.30M | -24.5% | +3.1% |
| September 30, 2024 | $58.50M | -25.7% | -23.8% |
| March 31, 2024 | $76.80M | -1.8% | -3.9% |
| December 31, 2023 | $79.90M | -0.1% | +1.5% |
| September 30, 2023 | $78.70M | -10.7% | +0.6% |
- PELOTON INTERACTIVE, INC. showed a decrease of -23.2% in R&D Expense compared to the prior fiscal year.
- Over the 2018–2025 period, PELOTON INTERACTIVE, INC.’s r&d expense has grown by 900.9% (from $23.40 million to $234.20 million).
- The most recent figure is from PELOTON INTERACTIVE, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on August 7, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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