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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 630.9 $ 624.0 $ 1,838.3 $ 1,883.9
Total cost of revenue 303.7 306.0 895.9 943.7
Gross profit 327.3 318.1 942.3 940.2
Operating expenses:        
Sales and marketing 98.1 106.5 316.9 341.1
General and administrative 110.4 151.4 314.1 402.2
Research and development 58.8 59.6 185.9 178.4
Impairment expense 3.4 30.7 34.7 52.3
Restructuring expense 4.1 2.4 11.2 8.6
Supplier settlements 0.0 0.0 0.0 23.5
Total operating expenses 274.8 350.5 862.8 1,006.0
Income (loss) from operations 52.5 (32.4) 79.5 (65.8)
Other expense, net:        
Interest expense (30.0) (32.6) (93.8) (102.6)
Interest income 8.7 7.9 27.6 23.7
Foreign exchange (loss) gain (4.3) 10.3 (10.6) 6.6
Other expense, net 0.0 (0.1) (0.3) 0.0
Total other expense, net (25.6) (14.5) (77.0) (72.3)
Income (loss) before income taxes 26.9 (46.9) 2.5 (138.2)
Income tax expense 0.4 0.8 0.9 2.3
Net income (loss) 26.4 (47.7) 1.6 (140.5)
Net income (loss) attributable to Class A and Class B common stockholders $ 26.4 $ (47.7) $ 1.6 $ (140.5)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ 0.06 $ (0.12) $ 0 $ (0.36)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ 0.06 $ (0.12) $ 0 $ (0.36)
Weighted-average Class A and Class B common shares outstanding, basic (in shares) 428,911,447 394,010,264 421,053,209 385,954,344
Weighted-average Class A and Class B common shares outstanding, diluted (in shares) 512,261,196 394,010,264 433,307,598 385,954,344
Other comprehensive income (loss):        
Change in foreign currency translation adjustment $ 3.6 $ (15.8) $ 10.2 $ (12.7)
Total other comprehensive income (loss) 3.6 (15.8) 10.2 (12.7)
Comprehensive income (loss) 30.1 (63.5) 11.8 (153.2)
Connected Fitness Products        
Total revenue 202.9 205.5 599.3 618.5
Total cost of revenue 180.0 176.2 531.8 541.7
Subscription        
Total revenue 428.0 418.5 1,239.0 1,265.4
Total cost of revenue $ 123.6 $ 129.8 $ 364.1 $ 402.0