v3.25.4
Segment Information (Tables)
 6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Key Performance Measures by Segment
Information on reportable segments and reconciliation to consolidated Loss before income taxes is as follows:
Three Months Ended December 31, 2025Six Months Ended December 31, 2025
Connected Fitness ProductsSubscriptionTotalConnected Fitness ProductsSubscriptionTotal
(in millions)
 Revenue $243.9 $412.6 $656.5 $396.4 $811.0 $1,207.3 
 Consolidated Revenue $656.5 $1,207.3 
 Less:
 Adjusted Cost of revenue 209.9 115.3 325.2 351.8 240.5 592.3 
 Segment Adjusted Gross profit $34.0 $297.3 $331.3 $44.5 $570.5 $615.1 
Reconciliation to consolidated loss before income taxes:
 Sales and marketing (152.1)(218.9)
 General and administrative (102.9)(203.7)
 Research and development (65.0)(127.1)
 Impairment expense (23.0)(31.3)
 Restructuring expense (2.7)(7.1)
 Supplier settlements — — 
Total other expense, net(24.7)(51.4)
Loss before income taxes$(39.0)$(24.4)
Three Months Ended December 31, 2024Six Months Ended December 31, 2024
Connected Fitness ProductsSubscriptionTotalConnected Fitness ProductsSubscriptionTotal
(in millions)
Revenue$253.4 $420.6 $673.9 $413.0 $846.9 $1,259.9 
Consolidated Revenue$673.9 $1,259.9 
Less:
Adjusted Cost of revenue223.6 139.8 363.4 370.6 280.8 651.4 
Segment Adjusted Gross profit$29.8 $280.8 $310.6 $42.4 $566.1 $608.5 
Reconciliation to consolidated loss before income taxes:
Allocated overhead costs7.8 13.7 
Sales and marketing(152.7)(234.6)
General and administrative(131.3)(250.8)
Research and development(60.3)(118.8)
Impairment expense(16.7)(21.6)
Restructuring expense(3.3)(6.2)
Supplier settlements— (23.5)
Total other expense, net(45.3)(57.8)
Loss before income taxes$(91.2)$(91.3)