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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 2,490.8 $ 2,700.5 $ 2,800.2
Total cost of revenue 1,222.5 1,494.0 1,876.7
Gross profit 1,268.3 1,206.5 923.5
Operating expenses:      
Sales and marketing 421.6 658.9 648.2
General and administrative 527.3 651.0 798.1
Research and development 234.2 304.8 318.4
Impairment expense 64.1 57.3 144.5
Restructuring expense 33.8 66.1 189.4
Supplier settlements 23.5 (2.6) 22.0
Total operating expenses 1,304.5 1,735.5 2,120.6
Loss from operations (36.2) (529.0) (1,197.1)
Other expense, net:      
Interest expense (134.5) (112.5) (97.1)
Interest income 32.7 35.1 26.4
Foreign exchange gain (loss) 22.4 0.0 7.0
Other income, net 0.1 0.7 2.9
Net gain on debt refinancing 0.0 53.6 0.0
Total other expense, net (79.3) (23.2) (60.9)
Loss before income taxes (115.6) (552.1) (1,258.0)
Income tax expense (benefit) 3.4 (0.2) 3.7
Net loss (118.9) (551.9) (1,261.7)
Net loss attributable to Class A and Class B common stockholders, basic (118.9) (551.9) (1,261.7)
Net loss attributable to Class A and Class B common stockholders, diluted $ (118.9) $ (551.9) $ (1,261.7)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.30) $ (1.51) $ (3.64)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.30) $ (1.51) $ (3.64)
Weighted-average Class A and Class B common shares outstanding, basic (in shares) 390,037,997 365,546,334 346,670,699
Weighted-average Class A and Class B common shares outstanding, diluted (in shares) 390,037,997 365,546,334 346,670,699
Other comprehensive (loss) income:      
Change in foreign currency translation adjustment $ (10.9) $ (0.9) $ 3.6
Derivative adjustments:      
Reclassification for derivative adjustments included in Net loss 0.0 0.0 1.0
Total other comprehensive (loss) income (10.9) (0.9) 4.6
Comprehensive loss (129.8) (552.8) (1,257.1)
Connected Fitness Products      
Total revenue 817.1 991.7 1,130.2
Total cost of revenue 705.9 943.0 1,328.8
Subscription      
Total revenue 1,673.7 1,708.7 1,670.1
Total cost of revenue $ 516.6 $ 551.0 $ 547.9