Peloton CEO John Foley. Photo credit: Stuart Isett for Fortune Brainstorm Health, under Creative Commons license

Interactive fitness company Peloton has announced its financial results for its most recent quarter of this year, reporting $607 million in revenues, up 172% year-over-year, and net income of $89 million. For the full year leading up to the quarter, Peloton recorded $1.8 billion in revenue, a record for the company. As of the end of the quarter, Peloton had 3.1 million members. The company’s revenue uptick comes on the heels of a coronavirus pandemic that has largely shuttered in-person gyms and led many to conduct fitness activities primarily indoors. 

Forecast

For its next quarter, Peloton is forecasting between $720 million to $730 million in revenues, predicting yet another sales uptick. For its next full year, Peloton is forecasting between $3.5 billion to $3.65 billion in revenues. 

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