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v3.26.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Key Financial Performance Measures by Segment | Information on reportable segments and reconciliation to consolidated Income (loss) before income taxes is as follows:
| Fiscal Year Ended June 30, 2026
| Connected Fitness Products |  | Subscription |  | Total
| (in millions)
Revenue | $ | 770.4 |  |  | $ | 1,675.6 |  |  | $ | 2,446.0 |
Consolidated Revenue |  |  |  |  | $ | 2,446.0 |
Less: |  |  |  |  |
Adjusted Cost of revenue | 680.0 |  |  | 479.3 |  |  | 1,159.3 |
Segment Adjusted Gross profit | $ | 90.4 |  |  | $ | 1,196.3 |  |  | $ | 1,286.7 |
Reconciliation to consolidated income before income taxes: |  |  |  |  |
Sales and marketing |  |  |  |  | (400.4) |
General and administrative |  |  |  |  | (430.3) |
Research and development |  |  |  |  | (242.8) |
Impairment expense |  |  |  |  | (34.6) |
Restructuring expense |  |  |  |  | (17.9) |
Total other expense, net |  |  |  |  | (97.6) |
Income before income taxes |  |  |  |  | $ | 63.1 |
| Fiscal Year Ended June 30, 2025 |  |
| Connected Fitness Products |  | Subscription |  | Total |  |  |  |  |  |
| (in millions)
Revenue | $ | 817.1 |  |  | $ | 1,673.7 |  |  | $ | 2,490.8 |  |  |  |  |  |  |
Consolidated Revenue |  |  |  |  | $ | 2,490.8 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |
Adjusted Cost of revenue | 720.8 |  |  | 534.0 |  |  | 1,254.7 |  |  |  |  |  |  |
Segment Adjusted Gross profit | $ | 96.4 |  |  | $ | 1,139.7 |  |  | $ | 1,236.1 |  |  |  |  |  |  |
Reconciliation to consolidated loss before income taxes: |  |  |  |  |  |  |  |  |  |  |
Allocated overhead costs |  |  |  |  | 32.2 |  |  |  |  |  |  |
Sales and marketing |  |  |  |  | (421.6) |  |  |  |  |  |  |
General and administrative |  |  |  |  | (527.3) |  |  |  |  |  |  |
Research and development |  |  |  |  | (234.2) |  |  |  |  |  |  |
Impairment expense |  |  |  |  | (64.1) |  |  |  |  |  |  |
Restructuring expense |  |  |  |  | (33.8) |  |  |  |  |  |  |
Supplier settlements |  |  |  |  | (23.5) |  |  |  |  |  |  |
Total other expense, net |  |  |  |  | (79.3) |  |  |  |  |  |  |
Loss before income taxes |  |  |  |  | $ | (115.6) |  |  |  |  |  |  |
| Fiscal Year Ended June 30, 2024 |  |
| Connected Fitness Products |  | Subscription |  | Total |  |  |  |  |  |
| (in millions)
Revenue | $ | 991.7 |  |  | $ | 1,708.7 |  |  | $ | 2,700.5 |  |  |  |  |  |  |
Consolidated Revenue |  |  |  |  | $ | 2,700.5 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |
Adjusted Cost of revenue | 952.0 |  |  | 566.4 |  |  | 1,518.4 |  |  |  |  |  |  |
Segment Adjusted Gross profit | $ | 39.8 |  |  | $ | 1,142.3 |  |  | $ | 1,182.1 |  |  |  |  |  |  |
Reconciliation to consolidated loss before income taxes: |  |  |  |  |  |  |  |  |  |  |
Allocated overhead costs |  |  |  |  | 24.4 |  |  |  |  |  |  |
Sales and marketing |  |  |  |  | (658.9) |  |  |  |  |  |  |
General and administrative |  |  |  |  | (651.0) |  |  |  |  |  |  |
Research and development |  |  |  |  | (304.8) |  |  |  |  |  |  |
Impairment expense |  |  |  |  | (57.3) |  |  |  |  |  |  |
Restructuring expense |  |  |  |  | (66.1) |  |  |  |  |  |  |
Supplier settlements |  |  |  |  | 2.6 |  |  |  |  |  |  |
Total other expense, net |  |  |  |  | (23.2) |  |  |  |  |  |  |
Loss before income taxes |  |  |  |  | $ | (552.1) |  |  |  |  |  |  |

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