Saturday 17 October 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. In the quarter to June 2026, revenue grew 445.3%, EPS grew 88.4%, free cash flow grew 92.0% and total debt fell 78.7%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
1.71
0.29
−14.50%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 2,352,000.00 | 1,750.00 | 58.17 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | 23,800,000.00 | 3,332,000.00 | 2,772.00 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 53 | 27 | 19 | 72 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.01 | 0.04 | 0.28 | 0.16 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 0 | 1 | 1 | 5 | 12 | ||||
| Gross margin, % | — | — | — | — | 0.00 | (1,499.07) | (1,302.20) | (574.64) | (51.64) | 7.92 | |||||
| EBT | — | — | — | — | (13) | (33) | (58) | (51) | (35) | (24) | |||||
| EBT margin, % | — | — | — | — | 0.00 | (10,165.94) | (8,549.93) | (5,340.23) | (649.33) | (207.88) | |||||
| Net income | — | — | — | — | (11) | (33) | (58) | (51) | (35) | (24) | |||||
| Depreciation | — | — | — | — | 0 | 2 | 6 | 8 | 11 | 9 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 3.26 | 1.40 | 0.00 | 17,933.33 | 576.50 | ||||
| Earnings | — | — | — | — | (0.78) | (331.72) | (119.56) | (11,624,650.00) | (114,341.70) | (1,202.87) | |||||
| Cash flow | — | — | — | — | (0.94) | (386.42) | (72.99) | 0.00 | (49,373.33) | (520.45) | |||||
| Capex | — | — | — | — | 0.00 | (124.84) | (15.62) | 0.00 | (706.67) | (2,412.25) | |||||
| Free cash flow | — | — | — | — | (0.94) | (511.26) | (88.61) | 0.00 | (50,080.00) | (2,932.70) | |||||
| Book value | — | — | — | — | (0.94) | (198.62) | (5.61) | 0.00 | 23,716.67 | 319.50 | |||||
| Shares, m | — | — | — | — | 14 | 0 | 0 | 0 | 0 | 0 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | 218,274,625.58 | 218,274,625.58 | 0.00 | 0.11 | 0.10 | |||||
| P/B | — | — | — | — | — | 136,605,816.78 | 136,605,816.78 | 0.00 | 0.08 | 0.19 | |||||
| EV/Sales | — | — | — | — | — | 218,274,630.76 | 218,274,630.76 | 7.62 | 2.05 | 1.19 | |||||
| EV/FCF | — | — | — | — | — | (4,063,340.37) | (4,063,340.37) | (0.44) | (0.74) | (0.23) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (13) | (38) | (36) | (15) | (15) | (10) | ||||
| Capex | — | — | — | — | (3) | (12) | (8) | (1) | 0 | (48) | |||||
| Free cash flow | — | — | — | — | (13) | (51) | (43) | (17) | (15) | (59) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (13) | (3) | (14) | (16) | (19) | (17) | ||||
| Total debt | — | — | — | — | 9 | 7 | 7 | 9 | 9 | 13 | |||||
| Net debt | — | — | — | — | 9 | 2 | 3 | 7 | 6 | 12 | |||||
| Shareholders’ equity | — | — | — | — | (13) | (20) | (3) | (6) | 7 | 6 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (235.24) | (250.36) | (249.09) | (137.07) | (59.17) | ||||
| ROIC | — | — | — | — | 0.00 | 0.00 | (21,913.31) | (2,218.24) | (134.42) | (65.82) | |||||
| ROE | — | — | — | — | 0.00 | 182.07 | 519.96 | 1,240.14 | (4,472.98) | (355.03) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| CSV Carriage Services, Inc. | $573.8M | 12.7× | 10.9× | +0.79% (above 0%: growing) | +4.00% (above 0%: growing) | −57.53% (below 0%: shrinking) | 34.04% | 23.27% | Compare |
| MED MEDIFAST INC | $134.8M | — (loss-making) | — (loss-making) | −27.64% (below 0%: shrinking) | n/m | +115.31% (above 0%: growing) | 69.90% | (5.66%) | Compare |
| RGS Regis Corporation | $73.0M | 10.5× | — (loss-making) | −7.28% (below 0%: shrinking) | −96.38% (below 0%: shrinking) | −42.31% (below 0%: shrinking) | 100.00% | 11.81% | Compare |
| CLIK Click Holdings Limited | $9.9M | — | — | — | — | — | — | — | Compare |
| YFOR YYForce Inc. | $6.4M | — | — | — | — | −1,491.67% (below 0%: shrinking) | — | — | Compare |
| EJH E-Home Household Service Holdings Limited | $4.2M | — (loss-making) | — | — | — | +1.99% (above 0%: growing) | 25.20% | 0.00% | Compare |
| TRNR Interactive Strength Inc. | $3.2M | 0.0× | — (loss-making) | +445.28% (above 0%: growing) | n/m | +92.02% (above 0%: growing) | 48.37% | (50.73%) | |
| IVPR Inspire Veterinary Partners, Inc. | $3.2M | — (loss-making) | — | +6.60% (above 0%: growing) | n/m | +79.07% (above 0%: growing) | 18.23% | (45.58%) | Compare |
| MRM MEDIROM Healthcare Technologies Inc. Unsponsored ADR | $3.0M | — | — | +58.87% (above 0%: growing) | n/m | +41.57% (above 0%: growing) | 32.20% | 0.00% | Compare |
| Median of peers | $8.1M | — | — | +0.79% | — | +1.99% | 33.12% | 0.00% |
Interactive Strength Inc. (TRNR) key facts
- Strength: Interactive Strength Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.5 million, up 114.3% from fiscal 2024.
- Interactive Strength Inc. (TRNR) is a Personal Services company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 16, 2026, TRNR traded at $1.71, a market capitalization of $3.2 million.
- Return on equity was −355.0% and debt-to-equity 10.89.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −8.36 (distress zone) for fiscal 2025.
Interactive Strength Inc. (TRNR) Latest News
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