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Interactive Strength Inc. logo

Interactive Strength Inc.

TRNR

NASDAQConsumer CyclicalSpecialty Retail

Open in GoAI

Previous close

$2.9812

+$0.0612 · +2.10%

Aug 21, 4:00 PM ET

TRNR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

60

Fair Value

Momentum

19

Strong Down

Sentiment

44

Mixed

Risk resilience

34

High Risk

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Company profile

Company website

Interactive Strength Inc., together with its subsidiaries, develops and sells specialty fitness equipment and virtual training for the commercial and at-home markets in the United States, Europe, and Asia. The company offers vertical climbing equipment and a digital training platform under the CLMBR brand; indoor bikes that set the global standard in cycling under the Wattbike brand name; and hardware and digital fitness services under the FORME brand. It also provides Forme Studio, a fitness mirror; and Forme Studio Lift, a fitness mirror and cable-based digital resistance. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Trent A. Ward
Listed since
Apr 28, 2023
Employees
72

Market position

Day range

Current $2.9812

52-week range

Current $2.9812

Open
$2.90
Previous close
$2.92
Volume
7.2K
0.04× average
Average volume
181.95K
Average daily volume
Market cap
1.53M USD
Beta
0.44
Market reference 1
50-day average
$3.5054
-14.95% below average
200-day average
$39.7149
-92.49% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-0.03×
P/B (TTM)
0.36×
P/S (TTM)
0.07×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
30.06%
Operating margin
-72.72%
Net margin
-159.24%

Financial health

Debt / equity
6.47×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1159%-3445%-8048%-12651%Gross margin, FY2021: -1499.07%Gross margin, FY2022: -1302.20%Gross margin, FY2023: -574.64%Gross margin, FY2024: -51.64%Gross margin, FY2025: 7.92%Operating margin, FY2021: -11500.31%Operating margin, FY2022: -7980.18%Operating margin, FY2023: -5663.20%Operating margin, FY2024: -542.47%Operating margin, FY2025: -172.23%Net margin, FY2021: -10167.18%Net margin, FY2022: -8549.93%Net margin, FY2023: -5340.23%Net margin, FY2024: -649.33%Net margin, FY2025: -207.88%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -1499.07%. Gross margin FY2022 -1302.20%. Gross margin FY2023 -574.64%. Gross margin FY2024 -51.64%. Gross margin FY2025 7.92%. Operating margin FY2021 -11500.31%. Operating margin FY2022 -7980.18%. Operating margin FY2023 -5663.20%. Operating margin FY2024 -542.47%. Operating margin FY2025 -172.23%. Net margin FY2021 -10167.18%. Net margin FY2022 -8549.93%. Net margin FY2023 -5340.23%. Net margin FY2024 -649.33%. Net margin FY2025 -207.88%.

Income trends

Revenue

11.53M USD+114.31%

Operating income

−19.86M USD+31.96%

Net income

−23.97M USD+31.39%
Income trends across reported periods18.51M USD−9.4M USD−37.3M USD−65.2M USDRevenue, FY2021: 323K USDRevenue, FY2022: 681K USDRevenue, FY2023: 962K USDRevenue, FY2024: 5.38M USDRevenue, FY2025: 11.53M USDOperating income, FY2021: −37.15M USDOperating income, FY2022: −54.35M USDOperating income, FY2023: −54.48M USDOperating income, FY2024: −29.19M USDOperating income, FY2025: −19.86M USDNet income, FY2021: −32.84M USDNet income, FY2022: −58.23M USDNet income, FY2023: −51.37M USDNet income, FY2024: −34.93M USDNet income, FY2025: −23.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 323K USD. Revenue FY2022 681K USD. Revenue FY2023 962K USD. Revenue FY2024 5.38M USD. Revenue FY2025 11.53M USD. Operating income FY2021 −37.15M USD. Operating income FY2022 −54.35M USD. Operating income FY2023 −54.48M USD. Operating income FY2024 −29.19M USD. Operating income FY2025 −19.86M USD. Net income FY2021 −32.84M USD. Net income FY2022 −58.23M USD. Net income FY2023 −51.37M USD. Net income FY2024 −34.93M USD. Net income FY2025 −23.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.53M USD5.38M USD962K USD681K USD323K USD
Cost of goods sold10.62M USD8.16M USD6.49M USD9.55M USD5.17M USD
Gross profit913K USD−2.78M USD−5.53M USD−8.87M USD−4.84M USD
Research and development2.92M USD6.99M USD10.04M USD19.96M USD16.3M USD
Selling, general, and administrative17.85M USD19.42M USD38.91M USD25.52M USD16M USD
Operating expenses20.77M USD26.41M USD48.95M USD45.48M USD32.3M USD
Interest income1.55M USD————
Interest expense11.78M USD7.73M USD1.59M USD952K USD935K USD
Depreciation and amortization3.18M USD6.13M USD6.61M USD6.14M USD2.19M USD
Operating income−19.86M USD−29.19M USD−54.48M USD−54.35M USD−37.15M USD
Net income−23.97M USD−34.93M USD−51.37M USD−58.23M USD−32.84M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-171.77
FY2025
Latest fiscal-year revenue
11.53M USD
FY2025 · +114.31% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend165,959.45-498,565.44-1,163,090.33-1,827,615.22FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend12.65M8.17M3.69M-797.7KFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$22.50

654.73% upside
Past 12 months12-month forecastHigh $22.50Average $22.50Low $22.50

TRNR news

accessnewswire.com

TRNR Reports Record Q2 2026 Results, Driven by 445% Revenue Growth; Confirms 2026 Pro Forma Revenue Guidance of More Than $50m and Q4 Profitability

Q2 2026 Reported Revenue of $6.6 Million, a 445% Increase Compared to Q2 2025 Adjusted EBITDA (non-GAAP) Loss Reduced to $0.6 Million From $1.8 Million in Q1 2026 Company Expects 2026 Pro Forma Revenue of More Than $50…

Read source
defenseworld.net

Interactive Strength (NASDAQ:TRNR) & Marcus (NYSE:MCS) Financial Analysis

Marcus (NYSE: MCS - Get Free Report) and Interactive Strength (NASDAQ: TRNR - Get Free Report) are both small-cap consumer discretionary companies, but which is the better business? We will contrast the two companies…

Read source
accessnewswire.com

TRNR Publishes Highlights from CEO Fireside Chat with Maxim Group Analyst Tom Forte

Conversation at Maxim's Virtual Health, Wellness & Longevity Conference Covered TRNR's Brand Portfolio, the STEPR Acquisition, and the Company's M&A Model Q&A-Style Highlights Available Now on the TRNR Investor Site…

Read source
accessnewswire.com

TRNR Publishes New Investor Deck with 67% Increase of 2026 Pro Forma Revenue Guidance to More Than $50M

Presentation details the Company's acquisition strategy, revised 2026 pro forma revenue guidance of more than $50 million, and expected Adjusted EBITDA profitability in the fourth quarter of 2026 TRNR has a five-brand…

Read source
accessnewswire.com

TRNR Signs Definitive Agreement to Acquire STEPR, Raises 2026 Pro Forma Revenue Guidance to More Than $50m

STEPR is profitable, growing fast and the category leader in connected stair climbing; expected to generate more than $15 million in revenue in 2026 driven by increased US retailer demand Performance-linked transaction…

Read source
accessnewswire.com

Interactive Strength Inc. (Nasdaq:TRNR) Announces 1-for-7 Reverse Split

AUSTIN, TX / ACCESS Newswire / June 26, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today…

Read source

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