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                              June 22, 2022

       Aina E. Konold
       Chief Financial Officer
       Nautilus, Inc.
       17750 S.E. 6th Way
       Vancouver, Washington 98683

                                                        Re: Nautilus, Inc.
                                                            Form 10-K for the
fiscal year ended March 31, 2022
                                                            Filed June 3, 2022
                                                            File No. 001-31321

       Dear Ms. Konold:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. In some of our comments, we
may ask you to
       provide us with information so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 10-K for the fiscal year ended March 31, 2022

       Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
       Results of Operations, page 29

   1.                                                   We note during the
current fiscal year gross profit margins decreased from 53.4 % to
                                                        30.7% in the Direct
Segment and from 30.0% to 21.0% in the Retail Segment, relative to
                                                        the same period in
2021. Please revise your disclosures related to the material declines in
                                                        gross profit margins to
more fully address the following:
                                                            You attribute the
majority of the decreases to multiple factors, including increased
                                                             product costs,
logistics and discounting. Consistent with your prior exchange act
                                                             filings, quantify
the impact of each factor you identify;
                                                            Disclose and
discuss the specific facts and circumstances and reasons why product
                                                             costs, logistics
and discounting increased and address if these negative
                                                             trends are
continuing and if you believe additional material decreases in gross profit
                                                             margins are
reasonably possible;
 Aina E. Konold
Nautilus, Inc.
June 22, 2022
Page 2
                Disclose and discuss any mitigation efforts you have taken or
plan to take to address
              declining gross profit margins, including when and how the
efforts will be
              implemented and if the efforts could result in additional new
risks, for example risks
              related to quality and/or reliability;
                Explain your North Star strategy and specifically address when
and how you intend
              to    evolve supply chain to be a strategic advantage   ;
                Disclose and discuss the potential impact of and risks
associated with your decision
              to materially increase inventory levels, particularly in light of
declines in customer
              demand; and
                To the extent applicable, provide similar revisions to your
related risk factor
              disclosures.
2.       We note the significant increase in selling and marketing expenses,
including the
         significant increase in media advertising. Please more fully disclose
and discuss how you
         determine "normalized levels of advertising support" and how you
assess advertising
         efforts and expenditures.
Inflation, page 38

3.       We note your disclosures regarding inflation and your belief that
inflation has not had a
         material impact on your business, financial condition or results of
operations; however,
         we also note material decreases in your gross profit margins in each
segment during the
         current year that you attribute to higher product costs and logistics
and your disclosures on
         page 27. Please more fully explain or reconcile these apparent
inconsistencies. To the
         extent you believe inflation has had or reasonably possible may have a
material impact on
         your operations, please identify and discuss the principle factors
contributing to
         inflationary pressures and quantify and disclose the impact they have
had or may have on
         your business. Also, please identify and discuss actions taken or
planned by you, if any,
         to mitigate inflationary pressures. To the extent applicable, please
provide similar
         revisions to your related risk factor disclosures.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Ernest Greene, Staff Accountant at 202-551-3733 or Anne
McConnell,
Staff Accountant at 202-551-3709 with any questions.



FirstName LastNameAina E. Konold                               Sincerely,
Comapany NameNautilus, Inc.
                                                               Division of
Corporation Finance
June 22, 2022 Page 2                                           Office of
Manufacturing
FirstName LastName