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%
Market cap
$1.9M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
5/9
Altman Z
−8.36
Beneish M
−4.86
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 1.92
Revenue ttm 20.74
Net income ttm (33.03)
Free cash flow ttm (14.33)
Net debt Q 9.30
Valuation
P/E 0.00
Forward P/E (0.02) (negative: loss-making)
Price / sales 0.02
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.39
Financial health
Current ratio Q 0.21 (below 1: weak)
Debt / equity Q 3.39 (above 2: weak)
Interest coverage Q (2.33)
Growth
Revenue growth Q +445.28% (above 0%: growing)
Operating income growth Q +42.10% (above 0%: growing)
EPS, this year +93.75% (at or above 15%: strong)
EPS, next year A +32.29% (at or above 15%: strong)
Revenue, next year A +117.61% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales against its own 10 years 7.12%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

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

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%

EPS $

Mar Jun Sep Dec Year
’26 (71.71) (17.37) — — —
’25 (1.22k) (149.16) (217.79) (279.13) (1.20k)
’24 (1.88m) (1.22m) (107.43k) (5.08k) (114.34k)
’23 (2.09) (2.86m) (20.53k) (2.24m) (11.63m)
’22 (43.76) (24.48) (30.17) (21.15) (119.56)
’21 — — — — (331.72)
Fiscal quarters ending in the months shown.

Revenue $m

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
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

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)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

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)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%

All 13 Personal Services stocks →

Interactive Strength Inc. (TRNR) Latest News

22 Oct

Impact 4 · · ACCESS Newswire

8 Apr

Impact 3 · · Exec Edge
stockrow.com/TRNR · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com