Dodgy tech fitness company Peloton — which once spent tens of thousands setting up flashy stores in premium locations across Australia including Sydney’s Martin Place and inside David Jones — has been hit with another major product recall, this time involving its expensive home and office exercise bikes.

This is the same U.S. company whose products are now being flogged through Harvey Norman after its direct-to-consumer retail experiment in Australia failed.

Back in 2021, Peloton was forced into a massive recall of its treadmills after a child was killed in an incident involving a Peloton Tread+ machine. That tragedy was followed by 70 additional reports of injuries, including a horrifying case where a 3-year-old boy suffered head injuries after being trapped under a treadmill — investigators said the child “was found to have tread marks on his back matching the slats of the treadmill.”

Now, the U.S. Consumer Product Safety Commission (CPSC) has announced that Peloton Interactive is recalling more than 833,000 units of its Original Bike+ Model PL02, after reports that the seat post assembly can snap during use, causing riders to fall.

So far, the company has received three reports of the seat post breaking, including two resulting in injuries. Consumers have been urged to stop using the bikes immediately and contact Peloton for a free repair kit, which includes a self-installable replacement seat post.

The Australian Competition & Consumer Commission (ACCC) has not yet confirmed whether a similar recall will be initiated locally. Peloton products sold in Australia have previously been affected by U.S. safety actions.

The latest recall comes as Peloton continues to struggle financially, with the company still in the midst of a major turnaround effort involving headcount reductions, cost-cutting, and price hikes to offset higher manufacturing and logistics expenses — including those tied to Trump-era tariffs on imported components.

This week, Peloton reported its Q1 FY2026 financial results, revealing that the troubled fitness firm is still battling declining sales. Revenue for the quarter came in at US $550.8 million, down 6% year-on-year, though the company managed to post a net profit of $14 million thanks to aggressive cost control.

Gross margin held at 51.5%, while Adjusted EBITDA rose to $118 million. Peloton ended the quarter with 2.73 million paid connected-fitness subscribers, down about 6% from last year, showing continued customer churn.