v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Total revenue $ 673.9 $ 743.6 $ 1,259.9 $ 1,339.2
Total cost of revenue 355.6 444.2 637.8 754.4
Gross profit 318.4 299.4 622.1 584.8
Operating expenses:        
Sales and marketing 152.7 230.3 234.6 376.4
General and administrative 131.3 160.8 250.8 311.8
Research and development 60.3 79.9 118.8 158.6
Impairment expense 16.7 3.6 21.6 27.7
Restructuring expense 3.3 13.4 6.2 31.2
Supplier settlements 0.0 (1.5) 23.5 (1.5)
Total operating expenses 364.3 486.5 655.5 904.2
Loss from operations (45.9) (187.1) (33.4) (319.4)
Other expense, net:        
Interest expense (34.6) (27.7) (70.0) (54.9)
Interest income 7.7 8.4 15.8 16.9
Foreign exchange (loss) gain (18.5) 9.6 (3.7) 1.9
Other income, net 0.2 0.1 0.1 0.4
Total other expense, net (45.3) (9.5) (57.8) (35.7)
Loss before provision for income taxes (91.2) (196.6) (91.3) (355.1)
Income tax expense (benefit) 0.7 (1.7) 1.6 (1.0)
Net loss (92.0) (194.9) (92.8) (354.1)
Net loss attributable to Class A and Class B common stockholders (92.0) (194.9) (92.8) (354.1)
Net loss attributable to Class A and Class B common stockholders $ (92.0) $ (194.9) $ (92.8) $ (354.1)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.24) $ (0.54) $ (0.24) $ (0.98)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.24) $ (0.54) $ (0.24) $ (0.98)
Weighted-average Class A and Class B common shares outstanding, basic (in shares) 385,591,039 362,334,326 382,059,323 360,440,945
Weighted-average Class A and Class B common shares outstanding, diluted (in shares) 385,591,039 362,334,326 382,059,323 360,440,945
Other comprehensive income:        
Change in foreign currency translation adjustment $ 13.0 $ 0.8 $ 3.1 $ 2.7
Total other comprehensive income 13.0 0.8 3.1 2.7
Comprehensive loss (79.0) (194.1) (89.8) (351.5)
Connected Fitness Products        
Total revenue 253.4 319.1 413.0 499.7
Total cost of revenue 220.6 305.3 365.5 480.2
Subscription        
Total revenue 420.6 424.5 846.9 839.5
Total cost of revenue $ 135.0 $ 139.0 $ 272.2 $ 274.2