Interactive Strength sees FY25 pro forma revenue over $20M vs. $5M last year

Interactive Strength (TRNR) published a shareholder letter providing a preliminary preview of Q4 and full-year 2025 revenue, an update on Wattbike’s commercial momentum, and an update on enforcement proceedings related to Sportstech’s defaulted loan obligations. “We’re starting 2026 as a very different company,” said Trent Ward, CEO of Interactive Strength. “TRNR finished last year with nearly 4x the revenue we had in 2024, by closing an acquisition that’s performing strongly and implementing a commercial playbook that’s demonstrably working. On Sportstech, the resolution path remains clear: either they pay what they owe, or we enforce our security. Both outcomes deliver shareholder value.”