Interactive Strength Inc. TRNR

2.41 (0.03) (1.23%) as of 25 Sep
Market cap
$4.0M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 3.95
Revenue 20.74
Net Income (33.03)
Free Cash Flow (14.33)
Net Debt 9.30
Current Ratio 0.21
Debt/Equity 10.89
P/E ratio 0.03
P/S ratio 0.05
P/B ratio 0.80
Past 5Y EPS Growth 52.18%
This Y EPS Growth 93.75%
Next Y EPS Growth 32.29%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 2 2 1 2
Receivables 0 1 9 3
Inventory 3 4 4 4
Other — — — —
5 8 15 10
2023 2024 2025 Q'26
Payables 11 11 9 8
ST’ Debt 9 9 9 11
Other 0 0 0 10
22 27 31 49
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — 156.78%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 5 7 — — —
’25 1 1 5 4 12
’24 0 1 2 2 5
’23 0 0 0 0 1
’22 0 0 0 0 1
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (3) (3) — — —
’25 (4) (2) (2) (2) (10)
’24 (3) (2) (4) (6) (15)
’23 (5) (6) (2) (2) (15)
’22 (11) (12) (6) (6) (36)
’21 — — — (38) (38)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (3) (4) — — —
’25 (4) (47) (5) (2) (59)
’24 (3) (2) (4) (6) (15)
’23 (5) (7) (3) (2) (17)
’22 (13) (16) (9) (5) (43)
’21 — — — (51) (51)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (71.71) (17.37) — — —
’25 (1.22k) (149.16) (217.79) 380.94 (1.20k)
’24 (1.88m) (1.22m) (1.07k) (5.08k) (114.34k)
’23 (2.09) (2.86m) (20.53k) (2.24m) (11.62m)
’22 (43.76) (24.48) (30.17) (21.15) (119.56)
’21 — — — — (331.72)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — 2,352,000.00 1,750.00 58.17

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — 23,800,000.00 3,332,000.00 2,772.00
High Price
— — — — — — 53 27 19 72
Employees
— — — — — 0 0 0 0 0
Revenue/Emp
— — — — — 0 1 1 5 12
Revenue
— — — — 0.00% (1,499.07%) (1,302.20%) (574.64%) (51.64%) 7.92%
Gross Margin
— — — — (13) (33) (58) (51) (35) (24)
EBT
— — — — 0.00% (10,165.94%) (8,549.93%) (5,340.23%) (649.33%) (207.88%)
EBT Margin
— — — — (11) (33) (58) (51) (35) (24)
Net Income
— — — — 0 2 6 8 11 9
Depreciation
— — — — 0.00 3.26 1.40 0.00 17,933.33 576.50
Revenue/Sh
— — — — (0.78) (331.72) (119.56) (11,624,650.00) (114,341.70) (1,202.87)
Earnings/Sh
— — — — (0.94) (386.42) (72.99) 0.00 (49,373.33) (520.45)
Cash Flow/Sh
— — — — 0.00 (124.84) (15.62) 0.00 (706.67) (2,412.25)
Capex/Sh
— — — — (0.94) (511.26) (88.61) 0.00 (50,080.00) (2,932.70)
Free CF/Sh
— — — — (0.94) (198.62) (5.61) 0.00 23,716.67 319.50
Book Value/Sh
— — — — 14 0 0 0 0 0
Shares
— — — — — 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — — — — 218,274,625.58 218,274,625.58 0.00 0.11 0.10
PS Ratio
— — — — — 136,605,816.78 136,605,816.78 0.00 0.08 0.19
PB Ratio
— — — — — 218,274,630.76 218,274,630.76 7.62 2.05 1.19
EV/Sales
— — — — — (4,063,340.37) (4,063,340.37) (0.44) (0.74) (0.23)
EV/FCF
— — — — (13) (38) (36) (15) (15) (10)
Op' Cash Flow
— — — — (3) (12) (8) (1) 0 (48)
Capex
— — — — (13) (51) (43) (17) (15) (59)
FCF
— — — — (13) (3) (14) (16) (19) (17)
Working Cap'
— — — — 9 7 7 9 9 13
Total Debt
— — — — 9 2 3 7 6 12
Net Debt
— — — — (13) (20) (3) (6) 7 6
Sh' Equity
— — — — 0.00% (235.24%) (250.36%) (249.09%) (137.07%) (59.17%)
ROA
— — — — 0.00% 0.00% (21,913.31%) (2,218.24%) (134.42%) (65.82%)
ROIC
— — — — 0.00% 182.07% 519.96% 1,240.14% (4,472.98%) (355.03%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Interactive Strength Inc. (TRNR) key facts

  • Interactive Strength Inc. (TRNR) is a Personal Services company in the Consumer Cyclical sector, listed on Nasdaq.
  • Interactive Strength Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.5 million, up 114.3% from fiscal 2024.
  • As of September 25, 2026, TRNR traded at $2.41, a market capitalization of $4.0 million.
  • Return on equity was −355.0% and debt-to-equity 10.89.

Source: company filings (standardised) and stockrow calculations.

Interactive Strength Inc. (TRNR) Latest News

News by impact score

Fine-tune

23 Sep

4

Interactive Strength Inc. (TRNR) released a shareholder letter noting a record Q2 2026 performance and lifting Q3 projections. Q3 revenue guidance is $7–$8 million and Adjusted EBITDA (non-GAAP) a loss of less than $0.5 million. The company reiterates its 2026 pro forma revenue target above $50 million (including the STEPR contribution). Q2 gross margin reached 48%, up from 31% in Q1. TRNR expects to close the STEPR acquisition soon and cites a strong M&A pipeline alongside its Wattbike, Ergatta, CLMBR and FORME brands. The letter discusses integration plans, strategy, and the potential impact of STEPR on future results; updates are available at interactivestrength.com. Raising guidance and a pending STEPR deal imply meaningful scale and margin uplift that could materially shape TRNR's trajectory.

14 Aug

4

Interactive Strength Inc. (TRNR) reported record Q2 2026 results with 445% revenue growth and confirmed 2026 pro forma revenue guidance above $50 million plus Q4 profitability. 445% revenue growth and confirmed profitability guidance mark major financial momentum that can shift TRNR trajectory and investor sentiment.

9 Jul

4

Interactive Strength Inc. (TRNR) published a new investor deck raising 2026 pro forma revenue guidance by 67% to more than $50M. Raised revenue guidance signals substantially stronger growth outlook for TRNR.

7 Jul

4

TRNR stock opened volatile as Interactive Strength expressed strong optimism over its STEPR acquisition. STEPR acquisition constitutes a major strategic move expected to alter company trajectory.

4

Interactive Strength Inc. (TRNR) signed a definitive agreement to acquire STEPR and raised 2026 pro forma revenue guidance to more than $50 million. Acquisition of STEPR plus raised 2026 revenue guidance above $50 million mark a major strategic expansion for TRNR.

17 Jun

4

Interactive Strength Inc. (TRNR) updated its FAQs and expects more than 50% quarterly revenue growth in Q2 versus Q1. Projected revenue increase above 50% quarter-over-quarter indicates material positive momentum for TRNR financial trajectory and market perception.

16 Jun

3

Interactive Strength Inc. (TRNR) plans to report second quarter 2026 results on August 14, 2026, expecting record quarterly revenue of approximately $8 million. Record revenue guidance signals potential positive financial performance shift for TRNR.

3 Jun

4

Interactive Strength Inc. (TRNR) extends Ergatta-iFIT content licensing deal to 2028, boosting Ergatta profitability. M&A pipeline activity increases. Extended deal locks in Ergatta revenue and margins through 2028 with added M&A momentum signaling growth.

28 May

4

Interactive Strength Inc. updated its investor presentation outlining acquisition strategy and an expanded M&A pipeline. Acquisition strategy update and larger M&A pipeline represent major strategic moves likely to alter company trajectory.

21 May

4

Interactive Strength Inc. (TRNR) released a shareholder letter reporting strong Q1 results, raised Q2 guidance, and rising business momentum. Strong Q1 results paired with higher Q2 guidance signal major positive shifts in financial trajectory and investor sentiment.

20 May

4

Interactive Strength Inc. reported Q1 2026 results featuring 279% revenue growth and confirmed 2026 pro forma revenue guidance exceeding $30 million. Strong revenue growth and confirmed high guidance indicate significant positive effects on financial trajectory and market sentiment.

13 May

4

Interactive Strength Inc. (TRNR) will report Q1 2026 results on May 20, 2026, and previews preliminary Q1 pro forma revenue of approximately $7.7 million. Preliminary Q1 pro forma revenue of $7.7 million ahead of earnings signals strong financial performance, likely driving significant positive impact on TRNR's market sentiment and stock trajectory.

15 Apr

4

Interactive Strength Inc. (TRNR) secures placement for CLMBR on Rogue Fitness, industry-leading online platform, expanding access to new customers. Placement on Rogue Fitness significantly expands TRNR's distribution and customer reach via a premier fitness platform.

8 Apr

3

iFIT appoints Marc Washington as President and CFO, strengthening leadership at Interactive Strength Inc. (TRNR). New President and CFO appointment affects financial oversight and operational strategy.

1 Apr

4

Interactive Strength Inc. (TRNR) published its Q4 and year-end 2025 shareholder letter, highlighting record results and strong expectations for 2026 amid ongoing company transformation. Record results, transformation, and optimistic 2026 outlook represent major strategic shifts likely to enhance TRNR's trajectory and investor sentiment.

31 Mar

4

Interactive Strength Inc. (TRNR) reported record full-year 2025 results driven by 114% revenue growth, confirmed 2026 guidance of $30M+ in pro forma revenue, and announced a $0.5M stock repurchase program. 114% revenue growth, $30M+ 2026 guidance, and $0.5M buyback represent major financial milestones boosting TRNR's trajectory and investor confidence.

20 Mar

4

Interactive Strength Inc. (TRNR) authorizes its first stock repurchase program of $500,000, representing 20% of shares outstanding at the last closing price. A $500,000 repurchase of 20% of outstanding shares signals management confidence and could significantly lift stock price and investor sentiment.

13 Mar

4

Interactive Strength Inc. (TRNR) updated its FAQs and investor deck after closing the Ergatta acquisition and raising 2026 pro forma revenue guidance to over $30 million. Closing the Ergatta acquisition and increasing 2026 pro forma revenue guidance to over $30 million constitutes a major strategic expansion with strong potential to boost financial performance and investor sentiment.

12 Mar

4

Interactive Strength Inc. (TRNR) announces settlement with Sportstech Brands and full repayment of its loan. Settlement and full loan repayment clear liabilities, strengthen balance sheet, and boost investor sentiment significantly.

11 Mar

4

Interactive Strength Inc. (TRNR) completed its acquisition of Ergatta and confirmed increased 2026 pro forma revenue guidance exceeding $30 million. Acquisition of Ergatta expands TRNR's portfolio while raised $30M+ 2026 revenue guidance boosts growth prospects and investor sentiment.

6 Mar

3

Interactive Strength Inc. (TRNR) updated its investor FAQs after recovering a loan and reaching a legal settlement. Loan recovery improves cash position while legal settlement clears liabilities, providing moderate boost to financial stability and market sentiment.

5 Mar

4

Interactive Strength Inc. (TRNR) fully recovered a loan and secured a successful legal settlement with Sportstech, leading to updates in its FAQs. Full loan recovery and legal settlement clear financial liabilities, significantly boosting TRNR's balance sheet and investor confidence.

4 Mar

4

Interactive Strength Inc. (TRNR) announces full recovery of a loan and successful legal settlement with Sportstech. Full loan recovery bolsters TRNR's balance sheet while resolving legal disputes removes overhangs on operations and investor sentiment.

3

Sportstech Brands Holding GmbH has resolved its legal dispute with Interactive Strength Inc. (Nasdaq: TRNR), clearing a prior conflict between the companies. Resolution removes legal uncertainty, likely improving market sentiment and operational focus without fundamentally transforming the business.

24 Feb

4

Interactive Strength Inc. (TRNR) decisively defeated Sportstech's claims in Berlin court, securing a major legal victory. Decisive court win removes legal overhang from competitor claims, significantly boosting TRNR's operational freedom and investor confidence.

3

Interactive Strength Inc. (TRNR) provides commercial update: FORME highlighted at PGA Show, progress in golf and college verticals, and emerging synergies with Wattbike. Commercial updates on PGA Show appearance, golf/college vertical expansion, and Wattbike synergies indicate moderate growth in key markets and partnerships.

23 Feb

4

Sportstech Brands Holding GmbH responded to Interactive Strength Inc. (Nasdaq: TRNR)'s shareholder letter dated February 20, 2026, addressing a proposed reverse split. Sportstech's rebuttal to TRNR's reverse split letter signals shareholder disputes and governance tensions likely to erode investor confidence and volatility stock performance.

4

Interactive Strength Inc. (TRNR) updated its FAQs and published a new investor deck, raising 2026 pro forma revenue guidance by 50% to more than $30 million. 50% upward revision in 2026 pro forma revenue guidance to over $30M indicates strong growth outlook, likely enhancing investor sentiment and market performance.

20 Feb

4

Interactive Strength Inc. (TRNR) published a CEO letter detailing a recent deal and outlining the company's next steps. CEO letter highlights recent deal and strategic next steps likely to significantly shape TRNR's future performance and investor sentiment.

3

Interactive Strength Inc. (Nasdaq:TRNR) announced a 1-for-10 reverse stock split. The reverse split aims to increase share price for Nasdaq compliance but often signals underlying financial weakness, moderately impacting investor sentiment and stock trajectory.

stockrow.com/TRNR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com