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An update from Interactive Strength Inc ( (TRNR) ) is now available.
On December 29, 2025, Interactive Strength Inc. reduced the principal on a $2.15 million unsecured promissory note held by an investor by $225,000 through an exchange for 150,000 unrestricted common shares priced at $1.50 each, lowering the note’s outstanding balance to about $1.92 million and further shifting a portion of its obligations into equity. In a separate move on December 30, 2025, an accredited investor exercised additional Class A incremental warrants to purchase a $222,000 senior secured convertible note and received warrants for 93,277 common shares, adding to a series of warrant exercises since March 2025, and as of January 5, 2026, these and other unregistered issuances brought the company’s total common shares outstanding to 3,046,762, highlighting ongoing balance-sheet management via convertible debt and warrant-driven financing that may lead to future dilution for existing shareholders.
The most recent analyst rating on (TRNR) stock is a Hold with a $0.98 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 score is held down primarily by weak financial quality (large losses, negative cash flow, and reliance on financing) and very bearish technicals (below major moving averages with negative MACD). Revenue growth and a somewhat improving balance-sheet position provide limited support, while valuation is constrained by negative earnings and the absence of a dividend yield.
To see Spark’s full report on TRNR stock, click here.
More about Interactive Strength Inc
Interactive Strength Inc. operates in the fitness and wellness technology sector, providing connected strength-training solutions and related services, with its common stock listed and actively used in structured financing and equity-for-debt transactions that affect its capital structure and outstanding share count.
Average Trading Volume: 127,284
Technical Sentiment Signal: Sell
Current Market Cap: $2.5M
See more insights into TRNR stock on TipRanks’ Stock Analysis page.

