Interactive Strength Inc’s Recent Warrant Exercise Impact

Interactive Strength Inc ( (TRNR) ) just unveiled an update.

Interactive Strength Inc. entered into a securities purchase agreement with an accredited investor on January 28, 2025, involving the sale of Class A Incremental Warrants, which include senior secured convertible notes and common stock warrants. The investor exercised these warrants on multiple occasions throughout 2025, culminating in the latest exercise on December 4, 2025, for a principal amount of $385,000. This transaction allows the investor to convert notes into common stock, potentially impacting the company’s share structure and market dynamics.

The most recent analyst rating on (TRNR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.

Spark’s Take on TRNR Stock

According to Spark, TipRanks’ AI Analyst, TRNR is a Neutral.

The overall stock score is primarily influenced by the company’s precarious financial health, characterized by significant revenue growth but substantial operating losses and high leverage. Technical analysis indicates a bearish trend with oversold conditions, while valuation metrics are concerning due to negative earnings and lack of dividends. These factors collectively result in a low overall stock score.

To see Spark’s full report on TRNR stock, click here.

More about Interactive Strength Inc

Average Trading Volume: 209,693

Technical Sentiment Signal: Sell

Current Market Cap: $4.15M

For a thorough assessment of TRNR stock, go to TipRanks’ Stock Analysis page.