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Peloton on Monday submitted a notification of late filing with the Securities and Exchange Commission, indicating that it needs more time to file its annual 10-K financial report for the fiscal year ending June 30, 2022. It will also delay the filing of its 20-F, 11-K, 10-Q, 10-D, N-CEN and N-CSR. 

The company said the report will be filed within 15 days of the missed due date.

The at-home fitness brand said the delay was because it needs to complete accounting and disclosures for Q4 asset impairment charges related to the decision to exit last mile warehouses. Peloton had announced in early August the “complete shift to third party providers for last mile delivery in the U.S. and a partial shift internationally.” 

The latest filing follows the company’s Q4 earnings report last week, which showed its net loss widened 297% year-over-year to $1.2 billion. Revenue dropped 28% from $936.9 million to $678.7 million, and the overall member count declined about 143,000 from Q3, but was up 15% year over year.

Peloton had announced it would not provide FY23 guidance or quarterly updates on engagement metrics due to “broader macroeconomic uncertainties and the pace and number of changes” it is making to the business.

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