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TRNR · NASDAQ · Specialty Retail

Interactive Strength

Connected fitness equipment and digital training across four specialty brands.

$3.07
After-hours close+0.06 (+1.99%)
At close$3.01(−1.31%)
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Profile

Interactive Strength Inc.TRNRConsumer Discretionary

Sells connected fitness equipment, memberships, and coaching across the Wattbike, Ergatta, CLMBR, and FORME brands for home and commercial customers. Revenue is primarily hardware-led, with recurring services tied to equipment ownership and retention.

Builds and sells connected fitness equipment and digital services through Wattbike, Ergatta, CLMBR, and FORME. The portfolio includes performance indoor bikes, gamified rowing, vertical climbers, smart mirrors, cable-resistance strength systems, memberships, and personal coaching for home and commercial customers.

Reaches home users and commercial channels such as distributors, gyms, hotels, universities, athletic centers, and rehabilitation settings, with operations spanning the United States, Europe, Asia, and other markets. Operates through differentiated brands and a hardware-led model that combines equipment sales with memberships and training where applicable.

Depends on Wattbike's commercial relationships and UK distribution network, third-party suppliers and manufacturers, month-to-month memberships tied to equipment sales, and capital to fund operations and acquisitions.

Company facts

CEOTrent A. Ward
ListedApr 28, 2023
ExchangeNASDAQ
HeadquartersAustin, TX
CountryUnited States
Employees72
CIK0001785056
ISINUS45840Y6095

Key statistics

Market cap$1.5M
EPS (ttm)−$94.85
P/E (ttm)−0.0316
ROE-375.7%
P/B0.3668
P/S0.0744
Dividend yield
Beta1.68vs XLY 0.67

Year to date −95.2% · Average volume (30d) 22.7K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate−$11.44
ReportedDue Nov 12, 2026

Revenue

Estimate$6.6M
ReportedDue Nov 12, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 14, 2026Q2 FY26−$19.67−$17.37+11.7%$8.0M$6.6M−17.5%−10.30%
May 20, 2026Q1 FY26−$2.19−$0.72+67.2%$4.6M$5.1M+10.8%−4.76%
Apr 3, 2026Q4 FY25−$2.12−$3.82−80.3%$4.5M$4.1M−8.0%−2.82%
Nov 14, 2025Q3 FY25−$34.30−$31.10+9.3%$7.4M$4.8M−35.0%−9.43%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.4M$1.2M$4.8M$4.1M$5.1M$6.6M
Gross profit−$304.0K−$194.0K$825.0K$586.0K$1.6M$3.2M
Operating income−$6.3M−$5.8M−$6.0M−$1.7M−$4.0M−$3.4M
Net income−$6.6M−$2.2M−$5.2M−$10.0M−$10.7M−$7.1M
Diluted EPS−$173.58−$21.33−$31.09−$36.15−$10.24−$17.37
Gross margin-22.4%-15.9%17.1%14.2%31.3%48.4%
Operating margin-465.5%-477.8%-125.3%-40.8%-77.6%-50.7%

Fiscal years (4-quarter sums)FY22 $681.0K · FY23 $962.0K · FY24 $5.4M · FY25 $11.5M

Revenue by geography · Q2 FY26

United States$3.4M · 51%
Europe$2.6M · 39%
Asia$494.0K · 7%
Other Countries$173.0K · 3%

Balance sheet, Jun 30, 2026Cash & short-term investments $959.0K · Total debt $21.6M · Total assets $56.5M · Shareholders' equity $3.3M

Dividends

No dividends on record.

Ownership

Institutions 1.67%Insiders

Shares outstanding 514.4K · Float 333.0K · 64.7% free float

Insiders — no current Form 4 position.

A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • Peloton

    Broad connected-fitness overlap in bikes, rowing, strength, content, and B2B.

  • Garmin

    Performance cycling hardware and data alternatives for serious indoor riders.

CompareAfter-hours close

CompanyPriceChange
Interactive Strength$3.07+1.99%$1.5M0.1+441.4%
Peloton$5.45+0.18%$2.27B41.915.90.9+0.1%
Garmin$288.10+1.06%$55.00B29.427.87.2+11.4%
Median35.621.94.0+5.8%