Peloton IPO Reflects Cult Status With Subscriber Base Despite Net Loss
As the fitness startup prepares to go public, all eyes are on Peloton's S-1 document.
The manufacturer of indoor bikes revealed its finances in its Securities and Exchange Commission (SEC) filing on Tuesday, showing a cash-burning operation with a net loss of $245.7 million in 2019 thus far.
SEE ALSO: A Recession Would Burst the Boutique Fitness Bubble
As with most tech unicorns making their public debut this year, Peloton's IPO grand plans face concern over its lack of profit ...