Friday 6 November 2026
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Interactive Strength Inc.
TRNR Consumer Cyclical Personal Services
Interactive Strength Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.5 million, up 114.3% from fiscal 2024.
- Revenue
- +445.3%
- EPS
- +88.4%
- Free cash flow
- +92.0%
- Total debt
- −78.7%
Quarter to June 2026, against a year earlier
1.19
0.06
−4.80%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 0 | 1 | 1 | 5 | 12 | 21 | +144.4% | 25 | 28 | — | +55.1% | |
| Gross margin, % | — | — | — | — | 0.00 | (1,499.07) | (1,302.20) | (574.64) | (51.64) | 7.92 | 30.06 | +7.9 pt | ||||||
| EBT | — | — | — | — | (13) | (33) | (58) | (51) | (35) | (24) | (33) | +13.5% | ||||||
| EBT margin, % | — | — | — | — | 0.00 | (10,165.94) | (8,549.93) | (5,340.23) | (649.33) | (207.88) | (159.24) | (207.9) pt | ||||||
| Net income | — | — | — | — | (11) | (33) | (58) | (51) | (35) | (24) | (33) | +16.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 3.26 | 1.40 | 217,647.06 | 17,606.44 | 576.50 | 50.72 | n/m | |||||
| Earnings | — | — | — | — | (0.78) | (331.72) | (119.56) | (11,630,369.00) | (114,341.70) | (1,202.87) | (586.00) | +334.1% | ||||||
| Cash flow | — | — | — | — | (0.94) | (386.42) | (72.99) | (3,490,271.49) | (48,473.34) | (520.45) | (25.19) | +253.9% | ||||||
| Capex | — | — | — | — | 0.00 | (124.84) | (15.62) | (321,493.21) | (693.79) | (2,412.25) | (9.86) | n/m | ||||||
| Free cash flow | — | — | — | — | (0.94) | (511.26) | (88.61) | (3,811,764.71) | (49,167.13) | (2,932.70) | (35.05) | +400.2% | ||||||
| Book value | — | — | — | — | (0.94) | (198.62) | (5.61) | (1,256,108.60) | 23,284.35 | 319.50 | 8.18 | n/m | ||||||
| Shares, m | — | — | — | — | 14 | 0 | 0 | 0 | 0 | 0 | 0 | (73.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | 218,274,625.58 | 218,274,625.58 | 0.00 | 0.11 | 0.10 | 0.02 | 87,309,850.3 | ||||||
| P/B | — | — | — | — | — | 136,605,816.78 | 136,605,816.78 | 0.00 | 0.08 | 0.19 | 0.39 | 54,642,326.8 | ||||||
| EV/Sales | — | — | — | — | — | 218,274,630.76 | 218,274,630.76 | 7.62 | 2.05 | 1.19 | 0.69 | 87,309,854.5 | ||||||
| EV/FCF | — | — | — | — | — | (4,063,340.37) | (4,063,340.37) | (0.44) | (0.74) | (0.23) | (1.00) | (1,625,336.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (13) | (38) | (36) | (15) | (15) | (10) | (10) | (5.0%) | |||||
| Capex | — | — | — | — | (3) | (12) | (8) | (1) | 0 | (48) | (4) | +70.9% | ||||||
| Free cash flow | — | — | — | — | (13) | (51) | (43) | (17) | (15) | (59) | (14) | +34.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (13) | (3) | (14) | (16) | (19) | (17) | (39) | +5.8% | |||||
| Net debt | — | — | — | — | 9 | 2 | 3 | 7 | 6 | 12 | 9 | +6.1% | ||||||
| Shareholders’ equity | — | — | — | — | (13) | (20) | (3) | (6) | 7 | 6 | 3 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (235.24) | (250.36) | (249.09) | (137.07) | (59.17) | (46.28) | (59.2) pt | |||||
| ROIC | — | — | — | — | 0.00 | 0.00 | (21,913.31) | (2,218.24) | (134.42) | (65.82) | (74.58) | (65.8) pt | ||||||
| ROE | — | — | — | — | 0.00 | 182.07 | 519.96 | 1,240.14 | (4,472.98) | (355.03) | (377.34) | (355.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 53 | 27 | 19 | 72 | — | +10.8% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.01 | 0.04 | 0.28 | 0.16 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Interactive Strength Inc. vs peers in Personal Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FTDR Frontdoor Inc. | $6.6B | 23.1× | 21.6× | +5.99% (above 0%: growing) | +16.55% (above 0%: growing) | +12.07% (above 0%: growing) | 55.27% | 0.00% | Compare |
| BFAM Bright Horizons Family Solutions Inc. | $2.7B | — (loss-making) | — (loss-making) | +4.82% (above 0%: growing) | n/m | +40.92% (above 0%: growing) | 24.34% | (22.24%) | Compare |
| CSV Carriage Services, Inc. | $448.0M | 9.5× | 10.5× | −2.42% (below 0%: shrinking) | +33.33% (above 0%: growing) | +149.08% (above 0%: growing) | 31.17% | 19.35% | Compare |
| MED MEDIFAST INC | $142.4M | — (loss-making) | — (loss-making) | −19.42% (below 0%: shrinking) | n/m | −73.32% (below 0%: shrinking) | 69.45% | (26.87%) | Compare |
| RGS Regis Corporation | $60.0M | 10.2× | — (loss-making) | −7.84% (below 0%: shrinking) | −62.50% (below 0%: shrinking) | +11.33% (above 0%: growing) | 100.00% | 9.76% | Compare |
| CLIK Click Holdings Limited | $5.9M | — | — | — | — | — | — | — | Compare |
| EJH E-Home Household Service Holdings Limited | $4.2M | — (loss-making) | — | — | — | +1.99% (above 0%: growing) | 25.20% | 0.00% | Compare |
| MRM MEDIROM Healthcare Technologies Inc. Unsponsored ADR | $2.3M | — | — | +58.87% (above 0%: growing) | n/m | +41.57% (above 0%: growing) | 32.20% | 0.00% | Compare |
| TRNR Interactive Strength Inc. | $1.9M | — (loss-making) | — (loss-making) | +445.28% (above 0%: growing) | n/m | +92.02% (above 0%: growing) | 48.37% | (50.73%) | |
| Median of peers | $101.2M | 10.2× | — | +1.20% | +16.55% | +12.07% | 32.20% | 0.00% |