Top Page
Interactive Strength Inc
(NASDAQ:TRNR)
Interactive Strength Inc (TRNR) vs. SPDR S&P 500 ETF (SPY)
Interactive Strength Inc Business Overview & Revenue Model
Interactive Strength Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.97M | 5.38M | 962.00K | 681.00K | 323.00K | 0.00 |
| Gross Profit | -1.20M | 1.58M | -5.53M | -8.87M | -4.84M | -358.00K |
| EBITDA | -8.49M | -21.08M | -43.26M | -51.13M | -29.71M | -12.31M |
| Net Income | -21.69M | -34.93M | -51.37M | -58.23M | -32.84M | -11.18M |
Balance Sheet | ||||||
| Total Assets | 86.24M | 34.17M | 16.80M | 24.45M | 22.07M | 5.86M |
| Cash, Cash Equivalents and Short-Term Investments | 582.00K | 138.00K | -66.00K | 226.00K | 1.70M | 11.00K |
| Total Debt | 55.40M | 11.75M | 10.09M | 11.09M | 7.45M | 9.30M |
| Total Liabilities | 69.97M | 27.05M | 22.35M | 27.18M | 12.00M | 19.28M |
| Stockholders Equity | 16.27M | 7.12M | -5.55M | -2.73M | 10.07M | -13.43M |
Cash Flow | ||||||
| Free Cash Flow | -61.05M | -14.81M | -16.85M | -43.15M | -50.62M | -16.73M |
| Operating Cash Flow | -15.41M | -14.81M | -15.43M | -35.55M | -38.26M | -13.42M |
| Investing Cash Flow | -51.23M | -1.68M | -1.42M | -7.61M | -12.36M | -3.31M |
| Financing Cash Flow | 68.99M | 16.34M | 17.11M | 41.77M | 52.45M | 17.15M |
Interactive Strength Inc Technical Analysis
Interactive Strength Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $15.65M | 5.41 | 48.22% | ― | 13.71% | ― | |
44 Neutral | $5.19M | ― | -259.91% | ― | 373.32% | 98.46% | |
40 Neutral | $16.69M | -0.02 | -1.75% | ― | -2.53% | 99.45% | |
38 Underperform | $5.07M | ― | -1069.01% | ― | -6.93% | 22.70% |
Interactive Strength Inc Corporate Events
Interactive Strength Inc. announced that on October 3, 2025, an accredited investor exercised Class A Incremental Warrants to purchase a Class A Incremental Note for $1,000,000, resulting in the issuance of warrants to purchase 142,857 shares of common stock. The Class A Incremental Note, maturing on October 3, 2026, is convertible into common stock under specific conditions, and the associated warrants are exercisable until 2032. This transaction reflects the company’s ongoing financial strategies and its engagement with investors to enhance its capital structure.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
Interactive Strength Inc. announced that on September 26, 2025, it entered into an exchange agreement with an accredited investor and a note holder to exchange a Woodway Note for an Incremental Note valued at $2,174,866.67. This strategic move involves the cancellation of Class B Incremental Warrants and allows the company to manage its financial instruments more effectively, potentially impacting its market positioning by offering convertible notes with a 12% interest rate and a maturity date of January 30, 2026.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
On September 26, 2025, Interactive Strength Inc. held its annual meeting of stockholders in Austin, Texas, where several key proposals were voted on. The election of Aaron N.D. Weaver as a Class II Director and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm were approved. However, proposals related to the issuance of shares for Wattbike and LTI Convertible Preferred Stock were not approved. Additionally, the authority to effect reverse stock splits and the advisory vote on executive compensation were approved, with a three-year frequency for future advisory votes on executive compensation receiving the most support.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
Interactive Strength Inc. entered into a securities purchase agreement with an accredited investor on January 28, 2025, involving the sale of convertible notes and warrants. On September 18, 2025, the company and the investor amended their original notes through a Global Note Amendment Agreement, which included changes to the terms of the convertible notes and warrants. This amendment impacts the company’s financial structure and provides the investor with additional conversion options, potentially affecting the company’s stock market dynamics.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
Interactive Strength Inc. announced that on January 28, 2025, it entered into a securities purchase agreement with an accredited investor, involving the sale of Class A Incremental Warrants. These warrants allow the purchase of senior secured convertible notes and common stock warrants, with various exercises occurring throughout 2025. The maturity date for the notes is August 26, 2028, and they are convertible into common stock at a specified conversion price. The warrants are exercisable until August 26, 2032, with restrictions on the percentage of common stock ownership. The transactions were conducted under exemptions from registration requirements of the Securities Act.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.
Interactive Strength Inc. recently entered into a series of financial agreements with Vertical Investors, LLC, including a Settlement Agreement and an Exchange Agreement, to manage its loan obligations and stock conversions. On August 5, 2025, the company settled a loan-related obligation by issuing Series C Preferred Stock and cash to the lender, and on August 8, 2025, further reduced its loan principal by issuing common stock at a premium price, reflecting strategic financial maneuvers to stabilize its financial position.
The most recent analyst rating on (TRNR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.