Symbols / TRNR $1.38 -2.82% Interactive Strength Inc.

Consumer Cyclical • Personal Services • United States • NCM
TRNR Chart
About

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; 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. In addition, the company offers video on-demand classes, personal training, and expert health coaching services. Further, it provides FORME Golf, a performance training program focused on helping golfers. The company sells its products through retail stores and online. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Personal Services Market Cap 2.81M
Enterprise Value 25.31M Income -23.97M Sales 11.53M
Book/sh 71.44 Cash/sh 0.25 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E 0.00 Forward P/E — PEG —
P/S 0.24 P/B 0.02 P/C —
EV/EBITDA -1.52 EV/Sales 2.19 Quick Ratio 0.10
Current Ratio 0.47 Debt/Eq 236.92 LT Debt/Eq —
EPS (ttm) -171.77 EPS next Y — EPS Growth —
Revenue Growth 73.70% Earnings 2026-03-31 16:00 ROA -30.64%
ROE -3.03% ROIC — Gross Margin 7.92%
Oper. Margin -40.90% Profit Margin -207.88% Shs Outstand 2.03M
Shs Float 2.06M Short Float 1.07% Short Ratio 0.01
Short Interest — 52W High 126.00 52W Low 1.16
Beta — Avg Volume 852.89K Volume 108.69K
Target Price $4.50 Recom Buy Prev Close $1.42
Price $1.38 Change -2.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.50
Mean price target
2. Current target
$1.38
Latest analyst target
3. DCF / Fair value
$-208.89
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.38
Low
$4.50
High
$4.50
Mean
$4.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-07-09 init Maxim Group — → Buy $15
2023-06-05 init Aegis Capital — → Buy $12
News
RSS: Latest TRNR news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11.53
+114.31%
5.38
+459.25%
0.96
+41.26%
0.68
Operating Revenue
11.53
+114.31%
5.38
+459.25%
0.96
+41.26%
0.68
Cost Of Revenue
10.62
+30.14%
8.16
+25.70%
6.49
-32.03%
9.55
Reconciled Cost Of Revenue
10.62
+30.14%
8.16
+25.70%
6.49
-32.03%
9.55
Gross Profit
0.91
+132.87%
-2.78
+49.75%
-5.53
+37.66%
-8.87
Operating Expense
20.77
-21.34%
26.41
-46.06%
48.95
+7.64%
45.48
Research And Development
2.92
-58.24%
6.99
-30.43%
10.04
-49.68%
19.96
Selling General And Administration
17.85
-8.06%
19.42
-50.09%
38.91
+52.48%
25.52
Selling And Marketing Expense
2.27
+110.00%
1.08
-33.78%
1.63
-73.77%
6.22
General And Administrative Expense
15.59
-15.02%
18.34
-50.80%
37.28
+93.17%
19.30
Other Gand A
15.59
-15.02%
18.34
-50.80%
37.28
+93.17%
19.30
Total Expenses
31.39
-9.19%
34.56
-37.66%
55.44
+0.76%
55.03
Operating Income
-19.86
+31.96%
-29.18
+46.43%
-54.48
-0.25%
-54.34
Total Operating Income As Reported
-19.86
+31.96%
-29.18
+46.43%
-54.48
-0.25%
-54.34
EBITDA
-9.01
+57.28%
-21.08
+51.27%
-43.26
+14.41%
-50.54
Normalized EBITDA
-16.13
+45.45%
-29.57
+38.34%
-47.95
+7.16%
-51.65
Reconciled Depreciation
3.18
-48.06%
6.13
-6.13%
6.53
-3.06%
6.73
EBIT
-12.19
+55.21%
-27.21
+45.35%
-49.78
+13.07%
-57.27
Total Unusual Items
7.12
-16.05%
8.48
+80.76%
4.69
+323.65%
1.11
Total Unusual Items Excluding Goodwill
7.12
-16.05%
8.48
+80.76%
4.69
+323.65%
1.11
Special Income Charges
2.94
+1396.48%
-0.23
-108.75%
2.60
+396.18%
0.52
Other Special Charges
-2.70
-276.95%
1.53
+158.84%
-2.60
-396.18%
-0.52
Restructuring And Mergern Acquisition
-0.24
+81.46%
-1.30
0.00
—
Net Income
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Pretax Income
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Net Non Operating Interest Income Expense
-10.23
-32.38%
-7.73
-386.59%
-1.59
-66.81%
-0.95
Interest Expense Non Operating
11.78
+52.47%
7.73
+386.59%
1.59
+66.81%
0.95
Net Interest Income
-10.23
-32.38%
-7.73
-386.59%
-1.59
-66.81%
-0.95
Interest Expense
11.78
+52.47%
7.73
+386.59%
1.59
+66.81%
0.95
Interest Income Non Operating
1.55
0.00
—
—
Interest Income
1.55
0.00
—
—
Other Income Expense
6.12
+209.35%
1.98
-57.87%
4.70
+260.35%
-2.93
Other Non Operating Income Expenses
-1.00
+84.57%
-6.51
-650800.00%
0.00
+100.02%
-4.04
Gain On Sale Of Security
4.18
-52.02%
8.71
+315.05%
2.10
+258.80%
0.58
Tax Provision
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
+200.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
0.00
+1170.94%
0.00
Net Income Including Noncontrolling Interests
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Net Income From Continuing Operation Net Minority Interest
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Net Income From Continuing And Discontinued Operation
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Net Income Continuous Operations
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Normalized Income
-31.09
+28.39%
-43.42
+22.56%
-56.07
+5.51%
-59.33
Net Income Common Stockholders
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Diluted EPS
-171.77
+98.95%
-16,328.50
+98.89%
-1,467,800.00
+11.77%
-1,663,571.43
Basic EPS
-171.77
+98.95%
-16,328.50
+98.89%
-1,467,800.00
+11.77%
-1,663,571.43
Basic Average Shares
0.14
+6423.42%
0.00
+6011.43%
0.00
+0.00%
0.00
Diluted Average Shares
0.14
+6423.42%
0.00
+6011.43%
0.00
+0.00%
0.00
Diluted NI Availto Com Stockholders
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
46.84
+37.09%
34.17
+103.37%
16.80
-31.27%
24.45
Current Assets
14.70
+78.91%
8.22
+53.44%
5.36
-45.47%
9.82
Cash Cash Equivalents And Short Term Investments
0.51
+271.01%
0.14
0.00
-100.00%
0.23
Cash And Cash Equivalents
0.51
+271.01%
0.14
0.00
-100.00%
0.23
Receivables
9.48
+408.31%
1.86
+247.30%
0.54
-28.40%
0.75
Accounts Receivable
2.61
+83.31%
1.43
+142500.00%
0.00
0.00
Other Receivables
0.02
+0.00%
0.02
+0.00%
0.02
—
Taxes Receivable
0.25
-39.38%
0.42
-18.80%
0.52
-31.20%
0.75
Loans Receivable
6.59
0.00
—
—
Inventory
3.75
-3.10%
3.87
+48.37%
2.61
-42.92%
4.57
Finished Goods
3.75
-3.10%
3.87
+48.37%
2.61
-42.92%
4.57
Prepaid Assets
0.88
-61.89%
2.30
+17.04%
1.97
-52.06%
4.10
Other Current Assets
0.09
+86.96%
0.05
-81.30%
0.25
+38.20%
0.18
Total Non Current Assets
32.14
+23.84%
25.95
+126.73%
11.45
-21.74%
14.62
Net PPE
0.70
+31.07%
0.53
-26.96%
0.73
-49.37%
1.44
Gross PPE
4.89
+24.62%
3.92
+7.42%
3.65
+4.97%
3.48
Accumulated Depreciation
-4.19
-23.61%
-3.39
-15.96%
-2.93
-43.15%
-2.04
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
1.05
+358.52%
0.23
+40.49%
0.16
+0.00%
0.16
Other Properties
3.64
+3.79%
3.51
+3.91%
3.38
+5.40%
3.20
Leases
0.20
+6.45%
0.19
+64.60%
0.11
+0.00%
0.11
Goodwill And Other Intangible Assets
25.59
+19.21%
21.47
+316.85%
5.15
-20.02%
6.44
Goodwill
15.54
+17.59%
13.22
0.00
—
Other Intangible Assets
10.05
+21.82%
8.25
+60.16%
5.15
-20.02%
6.44
Non Current Deferred Assets
—
—
0.00
-100.00%
2.34
Non Current Prepaid Assets
1.82
+488.71%
0.31
+0.32%
0.31
0.00
Other Non Current Assets
4.03
+10.51%
3.64
-30.74%
5.26
+19.19%
4.41
Total Liabilities Net Minority Interest
40.45
+49.52%
27.05
+21.03%
22.35
-17.76%
27.18
Current Liabilities
31.29
+16.38%
26.88
+24.83%
21.53
-10.90%
24.17
Payables And Accrued Expenses
13.45
-5.92%
14.29
+25.32%
11.40
-7.97%
12.39
Payables
9.48
-15.21%
11.18
+5.74%
10.57
+36.37%
7.75
Accounts Payable
8.98
-19.59%
11.17
+5.75%
10.56
+36.41%
7.74
Current Accrued Expenses
3.97
+27.42%
3.12
+273.05%
0.83
-82.01%
4.64
Pensionand Other Post Retirement Benefit Plans Current
0.07
-52.90%
0.15
+520.00%
0.03
-82.76%
0.14
Total Tax Payable
0.49
+6971.43%
0.01
+0.00%
0.01
+0.00%
0.01
Income Tax Payable
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Current Debt And Capital Lease Obligation
15.89
+37.26%
11.58
+17.44%
9.86
-11.04%
11.08
Current Debt
15.74
+39.02%
11.32
+15.43%
9.81
-10.68%
10.98
Other Current Borrowings
6.91
+151.38%
2.75
+204.20%
0.90
-78.83%
4.27
Current Capital Lease Obligation
0.16
-39.08%
0.26
+383.33%
0.05
-49.06%
0.11
Current Deferred Liabilities
1.33
+526.89%
0.21
+72.36%
0.12
-77.47%
0.55
Current Deferred Revenue
1.33
+526.89%
0.21
+72.36%
0.12
-77.47%
0.55
Other Current Liabilities
0.54
-15.55%
0.64
+427.05%
0.12
-76.54%
0.52
Total Non Current Liabilities Net Minority Interest
9.17
+5168.97%
0.17
-78.78%
0.82
-72.78%
3.01
Long Term Debt And Capital Lease Obligation
4.70
+2666.47%
0.17
-25.76%
0.23
+2444.44%
0.01
Long Term Debt
4.53
—
—
—
Long Term Capital Lease Obligation
0.17
+0.59%
0.17
-25.76%
0.23
+2444.44%
0.01
Other Non Current Liabilities
1.75
—
—
—
Preferred Securities Outside Stock Equity
2.30
0.00
—
0.00
Stockholders Equity
6.39
-10.19%
7.12
+228.15%
-5.55
-103.15%
-2.73
Common Stock Equity
6.39
-10.21%
7.11
+228.13%
-5.55
-103.15%
-2.73
Capital Stock
0.00
-77.78%
0.01
+28.57%
0.01
+75.00%
0.00
Common Stock
0.00
-100.00%
0.01
+14.29%
0.01
+75.00%
0.00
Preferred Stock
0.00
+100.00%
0.00
0.00
—
Share Issued
0.30
+2073.00%
0.01
+39960.00%
0.00
+0.00%
0.00
Ordinary Shares Number
0.30
+2073.00%
0.01
+39960.00%
0.00
+0.00%
0.00
Additional Paid In Capital
233.82
+11.60%
209.51
+29.93%
161.25
+43.42%
112.44
Retained Earnings
-227.54
-12.32%
-202.59
-21.37%
-166.91
-44.46%
-115.54
Gains Losses Not Affecting Retained Earnings
0.11
-38.25%
0.18
+83.00%
0.10
-72.60%
0.36
Other Equity Adjustments
0.11
-38.25%
0.18
+83.00%
0.10
-72.60%
0.36
Total Equity Gross Minority Interest
6.39
-10.19%
7.12
+228.15%
-5.55
-103.15%
-2.73
Total Capitalization
10.92
+53.51%
7.12
+228.15%
-5.55
-103.15%
-2.73
Working Capital
-16.58
+11.15%
-18.66
-15.36%
-16.18
-12.78%
-14.35
Invested Capital
26.66
+44.61%
18.43
+333.31%
4.25
-48.41%
8.24
Total Debt
20.60
+75.30%
11.75
+16.46%
10.09
-9.05%
11.09
Net Debt
19.76
+76.69%
11.18
+14.02%
9.81
-8.80%
10.75
Capital Lease Obligations
0.33
-23.43%
0.43
+52.30%
0.28
+146.09%
0.12
Net Tangible Assets
-19.20
-33.79%
-14.35
-34.12%
-10.70
-16.68%
-9.17
Tangible Book Value
-19.20
-33.80%
-14.35
-34.12%
-10.70
-16.68%
-9.17
Current Notes Payable
8.82
+2.96%
8.57
-3.74%
8.90
+32.71%
6.71
Derivative Product Liabilities
0.41
+10100.00%
0.00
-99.32%
0.59
-80.33%
3.00
Preferred Stock Equity
0.00
+100.00%
0.00
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-10.41
+29.73%
-14.81
+3.99%
-15.43
+56.60%
-35.55
Cash Flow From Continuing Operating Activities
-10.41
+29.73%
-14.81
+3.99%
-15.43
+56.60%
-35.55
Net Income From Continuing Operations
-23.97
+31.39%
-34.93
+32.00%
-51.37
+11.77%
-58.23
Depreciation Amortization Depletion
3.18
-48.06%
6.13
-6.13%
6.53
-3.06%
6.73
Depreciation
0.17
-63.81%
0.47
-47.05%
0.88
-49.11%
1.73
Amortization Cash Flow
3.01
-46.76%
5.66
+0.27%
5.64
+12.90%
5.00
Depreciation And Amortization
3.18
-48.06%
6.13
-6.13%
6.53
-3.06%
6.73
Amortization Of Intangibles
3.01
-46.76%
5.66
+0.27%
5.64
+12.90%
5.00
Other Non Cash Items
10.78
+104.94%
5.26
+166.65%
1.97
+133.49%
0.84
Stock Based Compensation
3.08
-69.97%
10.25
-65.76%
29.94
+371.77%
6.35
Provisionand Write Offof Assets
0.24
-32.77%
0.35
-57.09%
0.82
-8.74%
0.90
Asset Impairment Charge
0.17
0.00
0.00
-100.00%
2.27
Operating Gains Losses
-6.06
-678.43%
-0.78
+80.62%
-4.02
-230.35%
3.08
Gain Loss On Investment Securities
-3.29
-48.42%
-2.22
-31.36%
-1.69
-156.26%
3.00
Unrealized Gain Loss On Investment Securities
-0.89
-308.73%
0.42
—
—
Net Foreign Currency Exchange Gain Loss
-0.07
+12.79%
-0.09
-132.45%
0.27
-37.20%
0.42
Gain Loss On Sale Of PPE
—
—
0.00
-100.00%
0.18
Change In Working Capital
3.06
+301.98%
-1.52
-316.88%
0.70
-71.96%
2.49
Change In Receivables
0.57
+127.87%
-2.05
-204800.00%
-0.00
0.00
Changes In Account Receivables
0.57
+127.87%
-2.05
-204800.00%
-0.00
0.00
Change In Inventory
1.80
+14.48%
1.57
+187.94%
-1.79
+26.45%
-2.44
Change In Prepaid Assets
0.31
+263.53%
0.09
-95.69%
1.97
+2365.00%
0.08
Change In Payables And Accrued Expense
0.49
+164.83%
-0.76
-235.35%
0.56
-89.60%
5.42
Change In Accrued Expense
-0.35
-266.82%
0.21
+113.87%
-1.52
-202.08%
1.49
Change In Payable
0.85
+186.95%
-0.97
-146.69%
2.08
-46.92%
3.93
Change In Account Payable
0.85
+186.95%
-0.97
-146.69%
2.08
-46.92%
3.93
Change In Other Working Capital
0.18
+277.23%
-0.10
-310.42%
0.05
+242.86%
0.01
Change In Other Current Assets
0.00
-100.00%
0.03
+433.33%
-0.01
-400.00%
0.00
Change In Other Current Liabilities
-0.29
+0.00%
-0.29
-254.22%
-0.08
+85.81%
-0.58
Investing Cash Flow
-53.74
-3108.18%
-1.68
-17.87%
-1.42
+81.32%
-7.61
Cash Flow From Continuing Investing Activities
-53.74
-3108.18%
-1.68
-17.87%
-1.42
+81.32%
-7.61
Net PPE Purchase And Sale
-0.09
0.00
0.00
+100.00%
-0.58
Purchase Of PPE
-0.09
0.00
0.00
+100.00%
-0.58
Capital Expenditure
-48.24
-22657.08%
-0.21
+85.08%
-1.42
+81.32%
-7.61
Net Business Purchase And Sale
-0.45
+69.10%
-1.46
0.00
—
Purchase Of Business
-0.45
+69.10%
-1.46
0.00
—
Net Intangibles Purchase And Sale
-48.15
-22612.74%
-0.21
+85.08%
-1.42
+79.79%
-7.03
Purchase Of Intangibles
-48.15
-22612.74%
-0.21
+85.08%
-1.42
+79.79%
-7.03
Net Other Investing Changes
-5.04
—
—
—
Financing Cash Flow
64.62
+295.49%
16.34
-4.48%
17.11
-59.05%
41.77
Cash Flow From Continuing Financing Activities
64.62
+295.49%
16.34
-4.48%
17.11
-59.05%
41.77
Net Issuance Payments Of Debt
63.88
+1882.46%
3.22
-26.54%
4.39
-52.00%
9.14
Issuance Of Debt
65.12
+874.05%
6.69
-8.76%
7.33
-30.41%
10.53
Repayment Of Debt
-1.25
+63.91%
-3.46
-17.74%
-2.94
-111.20%
-1.39
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
—
—
0.00
+100.00%
-0.07
Net Long Term Debt Issuance
—
—
0.00
+100.00%
-0.07
Short Term Debt Issuance
65.12
+874.05%
6.69
-8.76%
7.33
-30.41%
10.53
Short Term Debt Payments
-1.25
+63.91%
-3.46
-17.74%
-2.94
-122.21%
-1.32
Net Short Term Debt Issuance
63.88
+1882.46%
3.22
-26.54%
4.39
-52.36%
9.21
Net Common Stock Issuance
1.59
-87.99%
13.28
-11.89%
15.07
+473.76%
2.63
Proceeds From Stock Option Exercised
0.10
+8.70%
0.09
+206.67%
0.03
+150.00%
0.01
Net Other Financing Charges
-0.95
-280.00%
-0.25
+89.49%
-2.38
—
Changes In Cash
0.47
+419.59%
-0.15
-157.59%
0.26
+118.62%
-1.38
Effect Of Exchange Rate Changes
-0.10
-134.62%
0.29
+159.21%
-0.48
-430.77%
-0.09
Beginning Cash Position
0.14
0.00
-100.00%
0.23
-86.68%
1.70
End Cash Position
0.51
+271.01%
0.14
0.00
-100.00%
0.23
Free Cash Flow
-58.65
-290.40%
-15.02
+10.83%
-16.85
+60.96%
-43.15
Interest Paid Supplemental Data
0.00
-100.00%
1.45
0.00
—
Common Stock Issuance
1.59
-87.99%
13.28
-11.89%
15.07
+473.76%
2.63
Issuance Of Capital Stock
1.59
-87.99%
13.28
-11.89%
15.07
-53.81%
32.62
Net Preferred Stock Issuance
—
—
0.00
-100.00%
30.00
Preferred Stock Issuance
—
—
0.00
-100.00%
30.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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