Peloton staved off the cash crunch that threatened its business. Where does it go now?

Peloton was staring down hundreds of millions in loan payments by November 2025 that could’ve pushed the company into bankruptcy if it hadn’t refinanced. Now that the connected fitness company has refinanced its debt, it has the breathing room to turn around its business and boost support among lenders and investors. While Peloton is no longer facing an imminent cash crunch, it still needs to fix its underlying strategy.