Interactive Strength confirms FY26 guidance of $30M+ in pro forma revenue

TRNR confirmed its 2026 full year guidance of more than $30M in pro forma revenue, driven by the full-year consolidation of Wattbike and the addition of Ergatta, which closed March 11, 2026. Ergatta is expected to generate more than $10M in 2026 revenue at approximately a 30% EBITDA margin and monthly net revenue retention of more than 98%. The company’s 2026 guidance does not assume any additional acquisitions, which would be expected to result in an increase in guidance. TRNR‘s $0.5M Stock Repurchase Program would represent approximately 19% of the 2.1M shares outstanding at the most recent closing price. TRNR CEO, Trent Ward, stated that: “While 2025’s record results have started to show some of the progress we have made, the developments of the first few months of 2026 have accelerated the groundwork required for TRNR’s transformation. Three weeks ago, we acquired Ergatta, which we expect will generate cashflow for the group with no dilution in 2026, and drive our 2026 revenue to more than $30 million on a pro forma basis. In early March, we received $6.4 million from Sportstech, which was a full recovery of our capital, plus a return beyond expenses that has led to TRNR’s first stock repurchase program, representing 19% of the shares outstanding at the last closing price. And, our post-acquisition work on Wattbike is starting to bear fruit and we believe that transaction will be a home run, which we look forward to sharing more about later this year. Through a combination of Ergatta’s strong profitability being added to the group, and the expected improvement in Wattbike’s earnings from our initiatives, we expect to achieve run-rate profitability within the next twelve months at the group level. This stronger earnings profile is further supported by the successful recovery of the Sportstech loan, leading to a significantly stronger liquidity and runway profile than we ever have had. We believe this demonstrates the effectiveness of our acquisition-driven growth model and we are actively pursuing additional accretive transactions to accelerate that profitability milestone.”