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Side-by-side financial comparison of Privia Health Group, Inc. (PRVA) and PELOTON INTERACTIVE, INC. (PTON). Click either name above to swap in a different company.

PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $541.2M, roughly 1.2× Privia Health Group, Inc.). Privia Health Group, Inc. runs the higher net margin — 1.7% vs -5.9%, a 7.6% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -2.6%).

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products include stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such as power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with othe...

PRVA vs PTON — Head-to-Head

Bigger by revenue
PTON
PTON
1.2× larger
PTON
$656.5M
$541.2M
PRVA
Growing faster (revenue YoY)
PRVA
PRVA
+20.0% gap
PRVA
17.4%
-2.6%
PTON
Higher net margin
PRVA
PRVA
7.6% more per $
PRVA
1.7%
-5.9%
PTON

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PRVA
PRVA
PTON
PTON
Revenue
$541.2M
$656.5M
Net Profit
$9.2M
$-38.8M
Gross Margin
50.5%
Operating Margin
2.1%
-2.2%
Net Margin
1.7%
-5.9%
Revenue YoY
17.4%
-2.6%
Net Profit YoY
108.0%
57.8%
EPS (diluted)
$0.08
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRVA
PRVA
PTON
PTON
Q4 25
$541.2M
$656.5M
Q3 25
$580.4M
$550.8M
Q2 25
$521.2M
Q1 25
$480.1M
Q4 24
$460.9M
Q3 24
$437.9M
Q2 24
$422.3M
Q1 24
$415.2M
Net Profit
PRVA
PRVA
PTON
PTON
Q4 25
$9.2M
$-38.8M
Q3 25
$6.9M
$13.9M
Q2 25
$2.7M
Q1 25
$4.2M
Q4 24
$4.4M
Q3 24
$3.5M
Q2 24
$3.5M
Q1 24
$3.0M
Gross Margin
PRVA
PRVA
PTON
PTON
Q4 25
50.5%
Q3 25
51.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PRVA
PRVA
PTON
PTON
Q4 25
2.1%
-2.2%
Q3 25
2.5%
7.5%
Q2 25
0.6%
Q1 25
1.1%
Q4 24
1.1%
Q3 24
1.3%
Q2 24
1.2%
Q1 24
0.2%
Net Margin
PRVA
PRVA
PTON
PTON
Q4 25
1.7%
-5.9%
Q3 25
1.2%
2.5%
Q2 25
0.5%
Q1 25
0.9%
Q4 24
1.0%
Q3 24
0.8%
Q2 24
0.8%
Q1 24
0.7%
EPS (diluted)
PRVA
PRVA
PTON
PTON
Q4 25
$0.08
$-0.09
Q3 25
$0.05
$0.03
Q2 25
$0.02
Q1 25
$0.03
Q4 24
$0.03
Q3 24
$0.03
Q2 24
$0.03
Q1 24
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRVA
PRVA
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$479.7M
$1.2B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$737.2M
$-326.7M
Total Assets
$1.4B
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRVA
PRVA
PTON
PTON
Q4 25
$479.7M
$1.2B
Q3 25
$441.4M
$1.1B
Q2 25
$390.1M
Q1 25
$469.3M
Q4 24
$491.1M
Q3 24
$422.0M
Q2 24
$387.4M
Q1 24
$351.1M
Total Debt
PRVA
PRVA
PTON
PTON
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PRVA
PRVA
PTON
PTON
Q4 25
$737.2M
$-326.7M
Q3 25
$709.1M
$-347.0M
Q2 25
$682.9M
Q1 25
$659.4M
Q4 24
$635.2M
Q3 24
$614.9M
Q2 24
$595.4M
Q1 24
$576.8M
Total Assets
PRVA
PRVA
PTON
PTON
Q4 25
$1.4B
$2.2B
Q3 25
$1.4B
$2.2B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRVA
PRVA
PTON
PTON
Operating Cash FlowLast quarter
$127.5M
$71.9M
Free Cash FlowOCF − Capex
$71.0M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
13.93×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRVA
PRVA
PTON
PTON
Q4 25
$127.5M
$71.9M
Q3 25
$52.0M
$71.9M
Q2 25
$8.0M
Q1 25
$-24.1M
Q4 24
$74.8M
Q3 24
$33.2M
Q2 24
$34.5M
Q1 24
$-33.1M
Free Cash Flow
PRVA
PRVA
PTON
PTON
Q4 25
$71.0M
Q3 25
$67.4M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PRVA
PRVA
PTON
PTON
Q4 25
10.8%
Q3 25
12.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PRVA
PRVA
PTON
PTON
Q4 25
0.1%
Q3 25
0.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PRVA
PRVA
PTON
PTON
Q4 25
13.93×
Q3 25
7.58×
5.17×
Q2 25
2.97×
Q1 25
-5.70×
Q4 24
17.00×
Q3 24
9.38×
Q2 24
9.94×
Q1 24
-11.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRVA
PRVA

FFS Patient Care$364.4M67%
Capitated Revenue$71.4M13%
Shared Savings$46.9M9%
FFS Administrative Services$36.0M7%
Care Management Fee PMPM$20.0M4%
Other Revenue$2.5M0%

PTON
PTON

Subscription And Circulation$412.6M63%
Connected Fitness Products Segment$243.9M37%
Product Warranty$4.0M1%

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