Headquarters: 140 W. 23rd St.
New York, NY 10011
CEO: John Foley
Stock Symbol: PTON
Peloton sells a high-tech exercise bike and treadmill for use at homes or in hotels.
Both the bike and treadmill feature a high-definitiion video screen that lets you stream fitness classes and workout with instructors and others online from the comfort of your own home.
The Peloton bike sells for $2,245 and the treadmill sells for $4,295. Membership is required to use streaming video to access instructional classes starting at $12.99 per month.
Peloton operates 74 showrooms at malls around the country that let users try and buy the bike or treadmill.
The company says it has over 1.4 million members. It generated $915 million in revenues for fiscal 2019 but reported a net loss of $195.6 million. The company has yet to turn a profit.
Bike sales are a majority of the company's revenues.
Peloton was founded by John Foley in 2012 along with four other co-founders. They set out to create the most convenient and immersive indoor cycling experience in the world.
The Peloton Bike was launched in 2014 and the Peloton Tread went on sale in 2018.
Peloton went public at $29 per share on September 29, 2019.
Peloton offers flexible work schedule, 401(k), commuter benefits, educational assistance and health care package.
Employees also get catered lunch on Fridays and kitchen with snacks and beer.
Employees get unlimited cycling classes, discounts on Peloton bikes and company parties.