Is This Insanely Popular Home Workout Company Actually Worth $24 Billion?

Hugely popular home workout brand Peloton (NASDAQ: PTON) has grown by leaps and bounds since its debut on the stock exchange, and the latest quarters have been no different. Peloton's subscription and equipment sales have roughly doubled every year recently, with slightly faster growth in subscription revenue (on average). Despite the resulting 735% increase in total revenue over the past three fiscal years, Peloton consistently posted net losses until its latest quarter.