TRNR

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Interactive Strength Inc.

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Key Metrics

Previous Close: $3.01
52-Week Range: $2.37 – $302.26
Market Cap: $4.03M
P/E (TTM): —
EPS (TTM): -391.93
Dividend Yield: —

Advanced Metrics

Price/Book: 0.15
PEG Ratio: —
Return on Equity: -258.68%
Return on Assets: -21.50%
Gross Margin: 18.45%
Operating Margin: -77.61%
Profit Margin: -183.53%
Current Ratio: 0.39
Debt/Equity: 3.64
Total Debt: $29.01M
Free Cash Flow: $-6.70M
Revenue Growth: 279.10%
Earnings Growth: —
Enterprise Value: $27.77M

TRNR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$681.00K	$962.00K	$5.38M	$11.53M
Cost of Revenue	$9.55M	$6.49M	$8.16M	$10.62M
Gross Profit	-$8.87M	-$5.53M	-$2.78M	$913.00K
Research & Development	$19.96M	$10.04M	$6.99M	$2.92M
Selling, General & Admin	$25.52M	$38.91M	$19.42M	$17.85M
Operating Expenses	$45.48M	$48.95M	$26.41M	$20.77M
Operating Income	-$54.34M	-$54.48M	-$29.18M	-$19.86M
EBITDA	-$50.54M	-$43.26M	-$21.08M	-$9.01M
Pretax Income	-$58.23M	-$51.37M	-$34.93M	-$23.97M
Income Tax	$0.00	$0.00	$0.00	$0.00
Net Income	-$58.23M	-$51.37M	-$34.93M	-$23.97M
Diluted EPS	-11645000.00	-10274600.00	-17440.84	-1202.39
Diluted Shares	5	5	2003	19933

TRNR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$226.00K	$0.00	$138.00K	$512.00K
Receivables	$750.00K	$537.00K	$1.86M	$9.48M
Inventory	$4.57M	$2.61M	$3.87M	$3.75M
Current Assets	$9.82M	$5.36M	$8.22M	$14.70M
Total Assets	$24.45M	$16.80M	$34.17M	$46.84M
Current Liabilities	$24.17M	$21.53M	$26.88M	$31.29M
Long-Term Debt	—	—	—	$4.53M
Total Debt	$11.09M	$10.09M	$11.75M	$20.60M
Total Liabilities	$27.18M	$22.35M	$27.05M	$40.45M
Retained Earnings	-$115.54M	-$166.91M	-$202.59M	-$227.54M
Shareholders' Equity	-$2.73M	-$5.55M	$7.12M	$6.39M
Working Capital	-$14.35M	-$16.18M	-$18.66M	-$16.58M
Net Debt	$10.75M	$9.81M	$11.18M	$19.76M

TRNR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$35.55M	-$15.43M	-$14.81M	-$10.41M
Capital Expenditure	-$7.61M	-$1.42M	-$212.00K	-$48.24M
Free Cash Flow	-$43.15M	-$16.85M	-$15.02M	-$58.65M
Depreciation & Amortisation	$6.73M	$6.53M	$6.13M	$3.18M
Stock-Based Compensation	$6.35M	$29.94M	$10.25M	$3.08M
Investing Cash Flow	-$7.61M	-$1.42M	-$1.68M	-$53.74M
Financing Cash Flow	$41.77M	$17.11M	$16.34M	$64.62M
Net Change in Cash	-$1.38M	$257.00K	-$148.00K	$473.00K

TRNR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.36M	$1.22M	$4.82M	$4.14M	$5.14M
Cost of Revenue	$1.66M	$1.41M	$3.99M	$3.56M	$3.53M
Gross Profit	-$304.00K	-$194.00K	$825.00K	$584.00K	$1.61M
Research & Development	$1.27M	$779.00K	$404.00K	$465.00K	$438.00K
Selling, General & Admin	$4.74M	$4.85M	$6.45M	$1.81M	$5.16M
Operating Expenses	$6.01M	$5.63M	$6.86M	$2.28M	$5.60M
Operating Income	-$6.31M	-$5.82M	-$6.03M	-$1.69M	-$3.99M
EBITDA	-$3.93M	$3.12M	-$448.00K	-$7.75M	-$8.36M
Pretax Income	-$6.60M	-$2.18M	-$5.23M	-$9.96M	-$10.74M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$6.60M	-$2.18M	-$5.23M	-$9.96M	-$10.74M
Diluted EPS	-1215.06	-149.10	-217.70	—	-71.68
Diluted Shares	5434	14602	24038	—	149922

TRNR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$2.21M	$582.00K	$845.00K	$512.00K	$4.74M
Receivables	$4.30M	$7.92M	$9.24M	$9.48M	$2.73M
Inventory	$3.19M	$2.56M	$5.12M	$3.75M	$4.54M
Current Assets	$11.44M	$14.96M	$17.37M	$14.70M	$14.05M
Total Assets	$37.82M	$86.24M	$85.44M	$46.84M	$60.64M
Current Liabilities	$21.26M	$22.21M	$30.81M	$31.29M	$36.48M
Long-Term Debt	$1.88M	$45.15M	$34.01M	$4.53M	$4.55M
Total Debt	$11.25M	$55.40M	$46.81M	$20.60M	$21.15M
Total Liabilities	$24.06M	$69.97M	$70.58M	$40.45M	$54.97M
Retained Earnings	-$209.39M	-$211.96M	-$217.19M	-$227.54M	-$238.28M
Shareholders' Equity	$13.76M	$16.27M	$14.86M	$6.39M	$5.67M
Working Capital	-$9.81M	-$7.25M	-$13.44M	-$16.58M	-$22.43M
Net Debt	$8.70M	$54.55M	$45.58M	$19.76M	$16.12M

TRNR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$3.54M	-$2.20M	-$2.42M	-$2.25M	-$2.59M
Capital Expenditure	-$166.00K	-$45.28M	-$2.58M	-$228.00K	-$498.00K
Free Cash Flow	-$3.71M	-$47.47M	-$4.99M	-$2.48M	-$3.08M
Depreciation & Amortisation	$912.00K	$810.00K	$766.00K	$694.00K	$853.00K
Stock-Based Compensation	$2.09M	$2.80M	$401.00K	-$2.21M	$394.00K
Investing Cash Flow	-$2.19M	-$48.78M	-$2.52M	-$247.00K	$4.15M
Financing Cash Flow	$7.77M	$51.53M	$2.94M	$2.37M	$2.71M
Net Change in Cash	$2.04M	$559.00K	-$2.00M	-$124.00K	$4.28M

Market Snapshot

About

Interactive Strength Inc. is a developer and manufacturer of connected fitness equipment and technology solutions. The company creates strength training machines and interactive fitness platforms designed to enhance workout experiences through digital connectivity and data tracking. Interactive Strength targets both commercial gym operators and individual consumers.