Interactive Strength Inc.

Interactive Strength Inc.

TRNR
Interactive Strength Inc.US flagNASDAQ Global Market
0.80
USD
-0.01
- -
111,350.00Market Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
9,228.57
19,457.14
27,485.71
2,515.19
82.63
34.81
Basic EPS, GAAP
-319,514.29
-938,285.71
-1,663,571.43
-1,467,800
-16,331.93
-171.77
-63.89
Free Cash Flow per Basic Share
-478,028.57
-1,446,142.86
-1,232,914.29
-481,371.43
-7,023.84
-420.35
-233.95
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-699,200
-1,637,428.57
-3,300,971.43
-4,768,685.71
-94,706.87
-1,630.7
-541.58
Tangible Book Value per Share
-640,514.29
-1,725,942.86
-262,057.14
-305,771.43
-6,710.61
-137.63
-78.12
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
1
1
5
12
15
Operating Margin (%)
- -
-11,500.31
-7,980.18
-5,663.2
-542.47
-172.23
-114.54
Depreciation Expense
- -
2
7
7
6
3
3
Net Income, GAAP
-11
-33
-58
-51
-35
-24
-28
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-10,167.18
-8,549.93
-5,340.23
-649.33
-207.88
-183.56
Working Capital
-13
-3
-14
-16
-19
-17
-22
LT Debt
- -
1
- -
- -
- -
5
5
Total Equity
-16
-20
-3
-6
7
6
6
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
13
16
16
LT Borrowings
34
5
5
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
2
Market Capitalization
3
1
1

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
17
15
14
Cash, Cash Equivalents & STI
1
1
5
Accounts Receivable, Net
2
3
3
Inventories
5
4
5
Total Current Liabilities
31
31
36
Payables & Accruals
16
13
14
ST Debt
13
16
16
Deferred Revenue
1
1
4

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-40.29%
-10.19%
Free Cash Flow
- -
81.28%
290.4%
Net Income, GAAP
- -
39.16%
-31.39%
Sales/Revenue/Turnover
- -
- -
114.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1
2
2
5
2025
1
1
5
4
12
2026
5
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-237,375
-90,914.53
-4,159
-725.69
-16,331.93
2025
-173.58
-21.33
-31.09
- -
-171.77
2026
-10.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Trent Alexander Ward
Full Time Employees
26
Sector
Consumer Cyclical
Industry
Personal Products & Services
Address
1005 Congress Avenue Austin TX United States of America 78701
IPO Date
May 1, 2023
Business
Interactive Strength Inc. (NasdaqCM: TRNR) designs, develops, manufactures, and sells interactive fitness equipment and digital fitness platforms focused on strength training for residential and commercial markets. The company offers connected strength training products under the FORMELIFE brand, including hydraulic resistance-enabled smart home gym machines such as the FORM Compact row-and-rack system, FORM Studio rack, and related accessories; digital subscription services providing AI-powered workouts, personalized coaching, and performance tracking via app integration; and B2B solutions for gyms, hotels, and corporate wellness programs. Interactive Strength operates primarily in North America with expanding distribution in Europe and Asia, targeting fitness enthusiasts, home users, and enterprise clients in the connected fitness industry. Founded in 2017 and headquartered in Austin, Texas, the company leverages proprietary HydrX hydraulic technology for quiet, joint-friendly resistance that simulates free weights up to 100% eccentric overload. Core offerings encompass hardware sales of modular strength racks, rowers, and multi-station setups; software-as-a-service platforms for virtual personal training and community features; and enterprise SaaS for multi-location fitness facilities. No major subsidiaries or parent relationships are reported, with operations centered on direct-to-consumer e-commerce via formelife.com and partnerships with retailers. In the last 1-2 years, Interactive Strength completed a business combination with Lagree Technologies Holdings Inc. in February 2024 via a SPAC merger, enhancing its IP portfolio and market position; launched the FORMELIFE brand and Compact all-in-one strength trainer in mid-2024 to broaden accessible home fitness; secured strategic distribution deals in Europe and a partnership with a major U.S. retailer for commercial installations; raised approximately $10 million in bridge financing in late 2024 to support production scaling; and announced expansions into AI-enhanced coaching features and new product lines including wearable integrations by early 2025. These initiatives reflect a shift toward diversified revenue streams blending hardware, subscriptions, and B2B services amid the post-pandemic connected fitness boom. The company continues to prioritize innovation in digital strength training to capture shares in the $30+ billion global fitness equipment market.

Company News

APIChat
  • Interactive Strength, Inc. Announces Change of Date for Annual Meeting of Stockholders to June 8

  • TRNR Updates Investor Presentation Detailing Acquisition Strategy and Increased M&A Pipeline

  • TRNR Publishes Shareholder Letter Detailing Strong Q1 Results, Increased Q2 Guidance & Increasing Momentum

  • TRNR Reports Q1 2026 Results, Driven By 279% Revenue Growth; Confirms 2026 Pro Forma Revenue Guidance of More Than $30m

  • TRNR to Report Q1 2026 Results on May 20, 2026; Previews Preliminary Q1 Pro Forma Revenue of Approximately $7.7 Million

  • Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Update

  • TRNR's Secures Placement for CLMBR on Rogue Fitness, Expanding Access to New Customers on Industry-Leading Online Platform

  • TRNR Publishes Q4 & Year-End 2025 Shareholder Letter Discussing Record Results & Expectations for 2026 Given Company Transformation

  • TRNR Reports Record Full-Year 2025 Results, Driven by 114% Revenue Growth; Confirms 2026 Guidance of $30M+ in Pro Forma Revenue & $0.5M Stock Repurchase Program

  • TRNR Authorizes First Stock Repurchase Program; $500,000 Program Represents 20% Of Shares Outstanding at Last Closing Price

  • TRNR Exhibits at HFA 2026 with All Four Brands and Strong Leadership Presence

  • Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Update

  • AiRWA (NASDAQ:YYAI) and Interactive Strength (NASDAQ:TRNR) Head to Head Contrast

  • TRNR Updates FAQ'S Following Full Loan Recovery and Successful Legal Settlement with Sportstech

  • Sportstech Brands Holding GmbH Resolves Legal Dispute with Interactive Strength Inc. (Nasdaq: TRNR)

  • TRNR Announces Full Loan Recovery and Successful Legal Settlement with Sportstech

  • TRNR Wins Decisively in Berlin Court Against Sportstech's Claims

  • Sportstech Brands Holding GmbH Responds to the Shareholder Letter Dated February 20, 2026 from Interactive Strength Inc. (Nasdaq: TRNR) regarding Reverse Split

  • TRNR Updates FAQ's, Publishes New Investor Deck With 50% Increase of 2026 Pro Forma Revenue Guidance To More Than $30M

  • What's Behind The Dip In Interactive Strength Stock?