tiprankstipranks
Trending News
More News >
Interactive Strength Inc (TRNR)
NASDAQ:TRNR
US Market
Advertisement

Interactive Strength Inc (TRNR) AI Stock Analysis

Compare
236 Followers

Top Page

TRNR

Interactive Strength Inc

(NASDAQ:TRNR)

Rating:41Neutral
Price Target:
$4.00
▲(1.78% Upside)
The overall stock score is primarily influenced by the company's precarious financial health, characterized by significant operating losses and high leverage. Technical indicators suggest a bearish trend, further weighing on the score. Valuation metrics are unattractive due to negative earnings and lack of dividends. While recent corporate events show strategic efforts to stabilize finances and pursue growth, these are not enough to offset the current financial and technical challenges.
Positive Factors
Acquisitions
The acquisition of Wattbike and the expected completion of the Sportstech acquisition are set to take the company to a much larger scale for sales and adjusted EBITDA earnings potential.
Growth Strategy
Interactive Strength is executing a multi-pronged growth strategy focused on scaling its platform through targeted acquisitions, B2B channel expansion, and international market entry.
Revenue Growth
Expect significant revenue ramp, with a forecast from $5.4M in 2024 to $47M in 2025 to $105M in 2026.
Negative Factors
Capital Raising
The company will need to raise capital to fund growth efforts.
Crypto Treasury Strategy
In June 2025, a crypto treasury strategy was launched, with $55M already deployed to provide working capital and integrate autonomous AI agents across operations, but the company will need to raise capital in 1Q26 to fund its growth efforts.
Financial Position
As of 3/31/25, the company had $2.2M in cash and $10.9M in debt, indicating a need to raise capital in 1Q26 to fund growth efforts.

Interactive Strength Inc (TRNR) vs. SPDR S&P 500 ETF (SPY)

Interactive Strength Inc Business Overview & Revenue Model

Company DescriptionInteractive Strength Inc (TRNR) is a company operating in the fitness and wellness sector, specializing in providing innovative strength training solutions. The company focuses on creating interactive and technologically advanced fitness equipment designed to enhance user experience and improve physical health outcomes. By integrating smart technology into their products, Interactive Strength aims to cater to both individual consumers and fitness facilities seeking to modernize their strength training offerings.
How the Company Makes MoneyInteractive Strength Inc generates revenue primarily through the sale of its advanced fitness equipment. The company's revenue model is centered around direct sales to consumers, as well as partnerships with gyms, fitness centers, and other institutions that require high-tech training solutions. Additionally, the company may offer subscription or membership services tied to their interactive equipment, providing users with access to exclusive content, training programs, and real-time data analytics to enhance their workout experience. These diverse revenue streams are bolstered by partnerships with fitness influencers and technology companies, which help to expand their reach and market presence.

Interactive Strength Inc Financial Statement Overview

Summary
Interactive Strength Inc shows potential in revenue growth, signaling market acceptance and potential for future profitability. However, substantial operating losses and heavy reliance on debt financing pose significant financial risks. The company needs to focus on improving operational efficiency and reducing its leverage to achieve financial stability. While there are positive signs in revenue and equity stabilization, the overall financial health is precarious.
Income Statement
15
Very Negative
The company has shown significant revenue growth, increasing from $962,000 in 2023 to $5,380,000 in 2024, reflecting a positive trajectory. However, the net profit margin remains negative at -649.34% due to substantial net losses. Gross profit margin improved to 29.4%, but EBIT and EBITDA margins are still deeply negative, indicating ongoing operational challenges. Overall, while revenue growth is a positive indicator, the company needs to address its operating losses.
Balance Sheet
20
Very Negative
The debt-to-equity ratio improved to 1.26 from a negative equity position in previous years, suggesting better financial stability. However, this is still a high leverage level. Return on Equity (ROE) is negative due to continued net losses. The equity ratio is 20.83%, which indicates some financial risk but is an improvement over past years. The company shows signs of stabilizing its balance sheet, but significant liabilities remain a concern.
Cash Flow
10
Very Negative
The operating cash flow remains negative, although slightly improved from the previous year. The free cash flow growth rate cannot be calculated due to persistent negative free cash flow. The company is heavily reliant on financing activities to support its cash flows. Overall, the cash flow situation is concerning, with significant cash outflows and dependence on external financing.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue6.97M5.38M962.00K681.00K323.00K0.00
Gross Profit-1.20M1.58M-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 Assets86.24M34.17M16.80M24.45M22.07M5.86M
Cash, Cash Equivalents and Short-Term Investments582.00K138.00K-66.00K226.00K1.70M11.00K
Total Debt55.40M11.75M10.09M11.09M7.45M9.30M
Total Liabilities69.97M27.05M22.35M27.18M12.00M19.28M
Stockholders Equity16.27M7.12M-5.55M-2.73M10.07M-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 Flow68.99M16.34M17.11M41.77M52.45M17.15M

Interactive Strength Inc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.93
Price Trends
50DMA
5.22
Negative
100DMA
6.70
Negative
200DMA
14.74
Negative
Market Momentum
MACD
-0.40
Negative
RSI
39.60
Neutral
STOCH
50.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRNR, the sentiment is Negative. The current price of 3.93 is below the 20-day moving average (MA) of 4.11, below the 50-day MA of 5.22, and below the 200-day MA of 14.74, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 39.60 is Neutral, neither overbought nor oversold. The STOCH value of 50.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRNR.

Interactive Strength Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$14.22M10.2323.48%12.93%66.81%
61
Neutral
$17.87B13.25-4.88%3.05%1.25%-14.67%
50
Neutral
$6.36M-1069.01%-6.93%22.70%
41
Neutral
$6.39M-259.91%373.32%98.46%
40
Neutral
$4.52M-11.87%-11.14%98.81%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TRNR
Interactive Strength Inc
3.93
-444.77
-99.12%
XWEL
XWELL
1.10
-0.70
-38.89%
MRM
MEDIROM Healthcare Technologies
1.73
-2.62
-60.23%
EJH
E-Home Household Service Holdings
1.04
-52.76
-98.07%

Interactive Strength Inc Corporate Events

Private Placements and Financing
Interactive Strength Inc’s Recent Securities Purchase Agreement
Neutral
Aug 27, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
Interactive Strength Inc Reduces Loan Principal with Stock
Positive
Aug 8, 2025

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.

Private Placements and FinancingShareholder Meetings
Interactive Strength Inc Announces New Capital Structure Deal
Neutral
Jul 25, 2025

Interactive Strength Inc. announced that on July 25, 2025, an accredited investor exercised Class A Incremental Warrants to purchase Class A Incremental Notes worth $3,000,000, leading to the issuance of additional common stock warrants. These financial maneuvers are part of a broader securities purchase agreement aimed at enhancing the company’s capital structure. Additionally, the company set September 26, 2025, as the date for its Annual Meeting of Stockholders, with a record date of July 29, 2025, informing stockholders about the submission deadlines for proposals and nominations.

Private Placements and FinancingRegulatory Filings and Compliance
Interactive Strength Inc Finalizes Inducement Offer Agreement
Neutral
Jul 11, 2025

On July 7, 2025, Interactive Strength Inc. entered into an inducement offer letter agreement with the holder of previously issued warrants, allowing the exercise of 18,450 warrants at a new exercise price of $5.42 per share. This agreement facilitates the resale of shares through an effective registration statement, potentially impacting the company’s stock liquidity and market presence.

M&A Transactions
Interactive Strength Completes Wattbike Acquisition
Neutral
Jul 8, 2025

Interactive Strength Inc. completed the acquisition of Wattbike (Holdings) Limited on July 1, 2025, by purchasing all issued shares and loan notes. The transaction involved exchanging Wattbike shares for £1.00 and issuing 1,300,000 shares of Series E Convertible Preferred Stock to the noteholders, with potential additional consideration based on milestone achievements.

Private Placements and FinancingM&A TransactionsStock Split
Interactive Strength Acquires Wattbike with Preferred Stock Issuance
Neutral
Jul 2, 2025

On June 26, 2025, Interactive Strength Inc. implemented a reverse stock split at a rate of 1-for-10, reducing its common stock from 14,091,197 shares to 1,409,047 shares. This move did not affect stockholders’ percentage ownership or rights. Additionally, the company issued 1.3 million shares of Series E Convertible Preferred Stock on July 1, 2025, as part of its acquisition of Wattbike (Holdings) Limited. The preferred stock will automatically convert to common stock on June 15, 2026, subject to certain conditions and restrictions.

Executive/Board ChangesPrivate Placements and Financing
Interactive Strength Inc Appoints New COO and President
Positive
Jun 20, 2025

On June 14, 2025, Interactive Strength Inc. issued 1,250,000 shares of Series LTI Convertible Preferred Stock to its executive officers and board members, exempt from registration under the Securities Act of 1933. The company appointed Benjamin Bartlett as Chief Operating Officer and President, highlighting his past experience and qualifications. Bartlett, a co-founder, previously served as President and Special Advisor. The board believes his expertise will drive the company’s growth. Additionally, new compensatory arrangements were established for executives, including performance-based bonuses, and LTI Preferred Stock was issued to non-employee directors.

Private Placements and FinancingDividendsRegulatory Filings and Compliance
Interactive Strength Files Certificate for Preferred Stock
Neutral
Jun 12, 2025

Interactive Strength Inc. has filed a Certificate of Designation for its Series LTI Convertible Preferred Stock with the Delaware Secretary of State. This stock is designated for certain executive officers and non-executive directors and is convertible into common stock starting June 6, 2026, subject to specific conditions. The stock carries a 10% annual dividend and is not intended to be listed on any securities exchange. If shareholder approval is not obtained by June 6, 2026, the company will redeem the shares for cash.

Private Placements and FinancingBusiness Operations and Strategy
Interactive Strength Inc Secures $500M for AI-Token Acquisition
Positive
Jun 11, 2025

On June 10, 2025, Interactive Strength Inc. entered into a Securities Purchase Agreement with ATW Partners and DWF Labs to raise up to $500 million, primarily to acquire $FET tokens developed by Fetch.ai. This transaction is expected to make TRNR the largest publicly listed crypto treasury focused on an AI-token. The initial $55 million investment will be used to purchase $FET tokens, which are integral to Fetch.ai’s AI-driven platform. This strategic move aims to enhance TRNR’s financial flexibility and support its AI and digital fitness ambitions, while also increasing shareholder exposure to next-generation growth assets.

Private Placements and Financing
Interactive Strength Inc Issues Convertible Promissory Note
Neutral
Jun 10, 2025

On June 4, 2025, Interactive Strength Inc. issued a convertible promissory note worth $725,000 to S Interactive LLC. The note, with a purchase price of $652,500 and a 10% original issue discount, matures on June 4, 2027, and accrues interest at 15% per annum. The note allows for prepayment and conversion into Series A Preferred Stock at $1.25 per share, with specific conditions for interest payments and default events.

Dividends
Interactive Strength Inc Declares Preferred Stock Dividends
Neutral
Jun 5, 2025

On June 2, 2025, Interactive Strength Inc‘s Board of Directors declared dividends for its Series A and Series C Preferred Stock, issuing 47,332 and 21,584 shares respectively on June 3, 2025. This issuance was exempt from registration under the Securities Act of 1933, and following the issuance, there are 4,799,867 shares of Series A and 1,210,155 shares of Series C Preferred Stock outstanding.

Private Placements and Financing
Interactive Strength Secures Additional $3.35M Loan Facility
Neutral
May 29, 2025

Interactive Strength Inc. entered into a Loan Agreement with Sportstech Brands Holding GmbH, providing a $2,250,000 loan facility, which was fully disbursed by March 12, 2025. On May 22, 2025, they amended the agreement to offer an additional $3,350,000 loan facility, with a 10% annual interest rate and a 10% discount on the principal, to be fully utilized by July 30, 2025, with an option to extend the term by five months.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 09, 2025