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TRNR US​

Interactive Strength, Inc.(TRNR US)

$1.73-0.042.26%Ext:$1.86+0.137.52%(Market Closed · 23:55:12 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Interactive Strength, Inc. — Company Profile

Interactive Strength Inc., together with its subsidiaries, develops and sells specialty fitness equipment and virtual training for the commercial and at-home markets in the United States, Europe, and Asia. The company offers vertical climbing equipment and a digital training platform under the CLMBR brand; indoor bikes that set the global standard in cycling under the Wattbike brand name; and hardware and digital fitness services under the FORME brand. It also provides Forme Studio, a fitness mirror; and Forme Studio Lift, a fitness mirror and cable-based digital resistance. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Sector
Consumer Cyclical
Industry
Specialty Retail
Exchange
UQ
CEO
Trent A. Ward
Headquarters
Austin, TX, US
IPO Date
Apr 28, 2023
Employees
72
Website
interactivestrength.com

Key Metrics

Price
$2.21
Market Cap
$1.14M
Revenue (TTM)
$5.14M
Net Income (TTM)
$-10743000.00
EPS (TTM)
-10.24
P/E (TTM)
-0.04
P/B (TTM)
0.14
Dividend Yield
0.00%
ROE (TTM)
-134.69%
ROA (TTM)
-17.71%
Operating Margin
-77.61%
Beta
0.79

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Interactive Strength Inc., together with its subsidiaries, develops and sells specialty fitness equipment and virtual training for the commercial and at-home markets in the United States, Europe, and Asia. The company offers vertical climbing equipment and a digital training platform under the CLMBR brand; indoor bikes that set the global standard in cycling under the Wattbike brand name; and hardware and digital fitness services under the FORME brand. It also provides Forme Studio, a fitness mirror; and Forme Studio Lift, a fitness mirror and cable-based digital resistance. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Website
interactivestrength.com
Location
Austin, TX, US
Phone(310) 697-8655
Employees72
CEOTrent A. Ward
SectorConsumer Cyclical
Industry
Specialty Retail
IPO DateApr 28, 2023

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Latest Documents

SEC Filings(308)

Expand
  • 8-KEntry into a Material Definitive Agreement13 Oct
  • 3Gotbaum Alessandra Schaer16 Sep
  • 3/AAulet Thomas Barclay16 Sep
  • 3Aulet Thomas Barclay10 Sep
  • 8-KSubmission of Matters to a Vote of Security Holders1 Sep
  • DEF 14ADefinitive proxy statement17 Aug
  • 10-QQ2ended 30 Jun 202614 Aug
  • 8-KUnregistered Sales of Equity Securities14 Aug
  • PRE 14APreliminary proxy statement7 Aug
  • 8-KUnregistered Sales of Equity Securities7 Aug
  • 8-KUnregistered Sales of Equity Securities31 Jul
  • 8-KEntry into a Material Definitive Agreement24 Jul
  • 8-KEntry into a Material Definitive Agreement9 Jul
  • 8-KEntry into a Material Definitive Agreement7 Jul
  • 8-KChanges in Registrant's Certifying Accountant1 Jul
  • 8-KAmendments to Articles of Incorporation or Bylaws; Change in Fiscal Year30 Jun
  • 8-KSubmission of Matters to a Vote of Security Holders9 Jun
  • DEFA14ADefinitive additional materials3 Jun
  • 10-QQ1ended 31 Mar 202620 May
  • NT 10-QQ1ended 31 Mar 202615 May

News

  • TRNR Shares Q3 Commercial Update Across Its Premium Portfolio22 Oct
  • TRNR to Report Q3 2026 Results on November 16, 2026; Expects Record Quarterly Revenue of $8.0 Million20 Oct
  • TRNR Publishes Q2 Shareholder Letter Highlighting Record Revenue, Gross Margins, and Adjusted EBITDA23 Sep
  • Analyzing Interactive Strength (NASDAQ:TRNR) & Acushnet (NYSE:GOLF)17 Sep
  • Comparing Interactive Strength (NASDAQ:TRNR) and B2Digital (OTCMKTS:BTDG)31 Aug
  • TRNR Reports Record Q2 2026 Results, Driven by 445% Revenue Growth; Confirms 2026 Pro Forma Revenue Guidance of More Than $50m and Q4 Profitability14 Aug
  • Interactive Strength (NASDAQ:TRNR) & Marcus (NYSE:MCS) Financial Analysis30 Jul
  • TRNR Publishes Highlights from CEO Fireside Chat with Maxim Group Analyst Tom Forte29 Jul

Mentions in Filings

  • ?
    August 20, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Ave., Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Amended Registration Statement on Form S-3 Filed August 4, 2025 File No. 333-288405 Dear Trent Ward: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested inf …
    Interactive Strength, Inc.·LETTER - UPLOAD - Filing review upload·20 Aug 25·20 Aug 2025
  • ?
    August 20, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Ave., Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Amended Registration Statement on Form S-3 Filed August 4, 2025 File No. 333-288405 Dear Trent Ward: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the request …
    Interactive Strength, Inc.·TEXT-EXTRACT - UPLOAD - Filing review upload·20 Aug 25·20 Aug 2025
  • ?
    July 23, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Avenue, Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Registration Statement on Form S-3 Filed July 15, 2025 File No. 333-288683 Dear Trent Ward: We have conducted a limited review of your registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the req …
    Interactive Strength, Inc.·TEXT-EXTRACT - UPLOAD - Filing review upload·23 Jul 25·23 Jul 2025
  • ?
    July 23, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Avenue, Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Registration Statement on Form S-3 Filed July 15, 2025 File No. 333-288683 Dear Trent Ward: We have conducted a limited review of your registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested …
    Interactive Strength, Inc.·LETTER - UPLOAD - Filing review upload·23 Jul 25·23 Jul 2025
  • ?
    July 18, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Ave., Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Registration Statement on Form S-3 Filed June 27, 2025 File No. 333-288405 Dear Trent Ward: We have conducted a limited review of your registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested i …
    Interactive Strength, Inc.·LETTER - UPLOAD - Filing review upload·18 Jul 25·18 Jul 2025
  • ?
    July 18, 2025 Trent Ward Chief Executive Officer <strong>Interactive Strength</strong>, Inc. 1005 Congress Ave., Suite 925 Austin, TX 78701 Re: Interactive Strength, Inc. Registration Statement on Form S-3 Filed June 27, 2025 File No. 333-288405 Dear Trent Ward: We have conducted a limited review of your registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the reque …
    Interactive Strength, Inc.·TEXT-EXTRACT - UPLOAD - Filing review upload·18 Jul 25·18 Jul 2025

Key Stats

Trading

Px/Chg 1D$2.21 / +5.24%
Avg Volume1.12M
Beta0.79
Mkt Cap1.14M
FD Mkt Cap1.56M

Float

Shrs Out/Float514.40K / 332.99K
Short Float0.13%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV19.86M
EV/EBITDA-1.79
EV/Sales1.30
P/B0.14
P/S0.07
FCF Yield-236.10%
ROE-134.69%
ROA-17.71%
Current Ratio0.39

Estimates

P/E-0.04
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-235.63-1,129.44-48.41-0.06-0.14-0.11
Price / Sales19,830.6096,566.592,585.450.370.340.22
Price / Book Value-4,901.90-24,062.15-447.980.280.220.14
Price / Free Cash Flow-334.54-1,523.96-147.63-0.13-0.57-0.42
ENTERPRISE VALUE METRICS
Enterprise Value13,665.065,772.72,497.313.621.519.9
Enterprise Value / Sales19,838.0196,582.552,595.942.535.193.86
Enterprise Value / EBITDA-269.98-1,286.36-57.73-0.65-2.77-2.38
Enterprise Value / EBIT-240.75-1,148.41-50.16-0.50-2.55-2.16

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue144.4%0.30.71.05.411.5
Gross Income—-4.8-8.9-5.5-2.80.9
EBITDA-25.8%-29.7-51.1-43.3-21.1-9.0
EBIT-21.4%-31.9-57.3-49.8-27.2-12.2
Net Income-7.6%-32.8-58.2-51.4-34.9-24.0
EPS (Diluted)-34.2%-916.90-1,625.60-1,661.50-1,632.80-171.77
BALANCE SHEET
Cash & ST Inv-25.9%1.70.2-0.10.5
Total Assets20.7%22.124.416.834.246.8
Total Liabilities-77.3%41.727.222.427.140.5
Total Shareholder Equity—-19.7-2.7-5.67.16.4
CASH FLOW
Net Operating Cash Flow-27.8%-38.3-35.5-15.4-14.8-10.4
Cap Ex-70.5%-12.4-7.6-1.4-0.2-0.1
Free Cash Flow-32.5%-50.6-43.2-16.8-15.0-10.5

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)1.73
Basic Shares0.51
Market Cap0.9
Diluted Shares10.49
Fully Diluted Shares Outstanding10.49
Fully Diluted Market Cap18.2
+Consolidated Debt21.2
−In-the-Money Convertible Debt—
+Capital Leases0.3
+Operating Leases—
−Cash & Equivalents-4.7
−Short-term Investments-
+Total Preferred2.3
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value19.6

Segment data

Revenue

by Geography

  • Europe55%
  • United States36%
  • Asia6%
  • Other Countries3%

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Financials & Metrics

FinancialsChartingShort InterestEmployees