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 1.21M
Enterprise Value 46.52M Income -19.77M Sales 9.77M
Book/sh 71.44 Cash/sh 3.54 Dividend Yield —
Payout 0.00% Employees 26 IPO —
P/E 0.00 Forward P/E — PEG —
P/S 0.12 P/B 0.03 P/C —
EV/EBITDA -2.43 EV/Sales 4.76 Quick Ratio 0.13
Current Ratio 0.56 Debt/Eq 315.10 LT Debt/Eq —
EPS (ttm) 526.50 EPS next Y — EPS Growth —
Revenue Growth 139.10% Earnings 2025-11-14 16:00 ROA -21.49%
ROE -191.52% ROIC — Gross Margin -0.83%
Oper. Margin -125.30% Profit Margin -202.31% Shs Outstand 525.31K
Shs Float 238.59K Short Float 2.35% Short Ratio 0.05
Short Interest — 52W High 39.60 52W Low 0.21
Beta 0.30 Avg Volume 7.10M Volume 634.15K
Target Price $51.25 Recom None Prev Close $2.19
Price $2.30 Change 4.97%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$51.25
Mean price target
2. Current target
$2.30
Latest analyst target
3. DCF / Fair value
$-623.97
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.30
Low
$22.50
High
$80.00
Mean
$51.25

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
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems2.55K1.41K110.801.40M
TaxRateForCalcs0.000.000.000.27
NormalizedEBITDA-29.57M-47.95M-51.65M-34.90M
TotalUnusualItems8.48M4.69M1.11M5.19M
TotalUnusualItemsExcludingGoodwill8.48M4.69M1.11M5.19M
NetIncomeFromContinuingOperationNetMinorityInterest-34.93M-51.37M-58.23M-32.84M
ReconciledDepreciation6.13M6.53M6.73M2.19M
ReconciledCostOfRevenue8.16M6.49M9.55M5.17M
EBITDA-21.08M-43.26M-50.54M-29.71M
EBIT-27.21M-49.78M-57.27M-31.90M
NetInterestIncome-7.73M-1.59M-952.00K-935.00K
InterestExpense7.73M1.59M952.00K935.00K
NormalizedIncome-43.42M-56.07M-59.33M-36.63M
NetIncomeFromContinuingAndDiscontinuedOperation-34.93M-51.37M-58.23M-32.84M
TotalExpenses34.56M55.44M55.03M37.47M
TotalOperatingIncomeAsReported-29.18M-54.48M-54.34M-37.15M
DilutedAverageShares21.39K354.00358.00358.00
BasicAverageShares21.39K354.00358.00358.00
DilutedEPS-1.63K-145.12K-162.64K-91.73K
BasicEPS-1.63K-145.12K-162.64K-91.73K
DilutedNIAvailtoComStockholders-34.93M-51.37M-58.23M-32.84M
NetIncomeCommonStockholders-34.93M-51.37M-58.23M-32.84M
NetIncome-34.93M-51.37M-58.23M-32.84M
NetIncomeIncludingNoncontrollingInterests-34.93M-51.37M-58.23M-32.84M
NetIncomeContinuousOperations-34.93M-51.37M-58.23M-32.84M
TaxProvision0.000.000.004.00K
PretaxIncome-34.93M-51.37M-58.23M-32.84M
OtherIncomeExpense1.98M4.70M-2.93M5.25M
OtherNonOperatingIncomeExpenses-6.51M1.00K-4.04M52.00K
SpecialIncomeCharges-227.00K2.60M523.00K0.00
OtherSpecialCharges1.53M-2.60M-523.00K-4.94M
RestructuringAndMergernAcquisition-1.30M0.00
GainOnSaleOfSecurity8.71M2.10M585.00K5.19M
NetNonOperatingInterestIncomeExpense-7.73M-1.59M-952.00K-935.00K
InterestExpenseNonOperating7.73M1.59M952.00K935.00K
OperatingIncome-29.18M-54.48M-54.34M-37.15M
OperatingExpense26.41M48.95M45.48M32.30M
ResearchAndDevelopment6.99M10.04M19.96M16.30M
SellingGeneralAndAdministration19.42M38.91M25.52M16.00M
SellingAndMarketingExpense1.08M1.63M6.22M6.57M
GeneralAndAdministrativeExpense18.34M37.28M19.30M9.44M
OtherGandA18.34M37.28M19.30M9.44M
GrossProfit-2.78M-5.53M-8.87M-4.84M
CostOfRevenue8.16M6.49M9.55M5.17M
TotalRevenue5.38M962.00K681.00K323.00K
OperatingRevenue5.38M962.00K681.00K323.00K
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber140.21K354.00358.00358.00
ShareIssued140.21K354.00358.00358.00
NetDebt11.18M9.81M10.75M5.75M
TotalDebt11.75M10.09M11.09M7.45M
TangibleBookValue-14.35M-10.70M-9.17M-30.68M
InvestedCapital18.43M4.25M8.24M-12.22M
WorkingCapital-18.66M-16.18M-14.35M-2.62M
NetTangibleAssets-14.35M-10.70M-9.17M-30.68M
CapitalLeaseObligations431.00K283.00K115.00K0.00
CommonStockEquity7.11M-5.55M-2.73M-19.66M
PreferredStockEquity1.00K29.73M
TotalCapitalization7.12M-5.55M-2.73M-19.14M
TotalEquityGrossMinorityInterest7.12M-5.55M-2.73M-19.66M
StockholdersEquity7.12M-5.55M-2.73M-19.66M
GainsLossesNotAffectingRetainedEarnings183.00K100.00K365.00K-159.00K
OtherEquityAdjustments183.00K100.00K365.00K-159.00K
RetainedEarnings-202.59M-166.91M-115.54M-57.31M
AdditionalPaidInCapital209.51M161.25M112.44M37.81M
CapitalStock9.00K7.00K4.00K3.00K
CommonStock8.00K7.00K4.00K3.00K
PreferredStock1.00K0.0029.73M
TotalLiabilitiesNetMinorityInterest27.05M22.35M27.18M41.73M
TotalNonCurrentLiabilitiesNetMinorityInterest174.00K820.00K3.01M30.25M
PreferredSecuritiesOutsideStockEquity0.0029.73M
DerivativeProductLiabilities4.00K591.00K3.00M0.00
LongTermDebtAndCapitalLeaseObligation170.00K229.00K9.00K520.00K
LongTermCapitalLeaseObligation170.00K229.00K9.00K0.00
LongTermDebt520.00K
CurrentLiabilities26.88M21.53M24.17M11.48M
OtherCurrentLiabilities643.00K122.00K520.00K295.00K
CurrentDeferredLiabilities212.00K123.00K546.00K15.00K
CurrentDeferredRevenue212.00K123.00K546.00K15.00K
CurrentDebtAndCapitalLeaseObligation11.58M9.86M11.08M6.93M
CurrentCapitalLeaseObligation261.00K54.00K106.00K0.00
CurrentDebt11.32M9.81M10.98M6.93M
OtherCurrentBorrowings2.75M904.00K4.27M6.93M
CurrentNotesPayable8.57M8.90M6.71M0.00
PensionandOtherPostRetirementBenefitPlansCurrent155.00K25.00K145.00K223.00K
PayablesAndAccruedExpenses14.29M11.40M12.39M4.02M
CurrentAccruedExpenses3.12M835.00K4.64M1.90M
Payables11.18M10.57M7.75M2.12M
TotalTaxPayable7.00K7.00K7.00K1.00K
IncomeTaxPayable7.00K7.00K7.00K0.00
AccountsPayable11.17M10.56M7.74M2.11M
TotalAssets34.17M16.80M24.45M22.07M
TotalNonCurrentAssets25.95M11.45M14.62M13.21M
OtherNonCurrentAssets3.64M5.26M4.41M9.00K
NonCurrentPrepaidAssets310.00K309.00K0.000.00
NonCurrentDeferredAssets0.002.34M0.00
GoodwillAndOtherIntangibleAssets21.47M5.15M6.44M11.01M
OtherIntangibleAssets8.25M5.15M6.44M11.01M
Goodwill13.22M0.00
NetPPE531.00K727.00K1.44M2.19M
AccumulatedDepreciation-3.39M-2.93M-2.04M-966.00K
GrossPPE3.92M3.65M3.48M3.16M
Leases186.00K113.00K113.00K113.00K
OtherProperties3.51M3.38M3.20M2.77M
MachineryFurnitureEquipment229.00K163.00K163.00K268.00K
Properties0.000.000.000.00
CurrentAssets8.22M5.36M9.82M8.86M
OtherCurrentAssets46.00K246.00K178.00K
PrepaidAssets2.30M1.97M4.10M5.11M
Inventory3.87M2.61M4.57M2.06M
FinishedGoods3.87M2.61M4.57M2.06M
Receivables1.86M537.00K750.00K-7.00K
OtherReceivables20.00K20.00K
TaxesReceivable419.00K516.00K750.00K-7.00K
AccountsReceivable1.43M1.00K0.00
CashCashEquivalentsAndShortTermInvestments138.00K0.00226.00K1.70M
CashAndCashEquivalents138.00K0.00226.00K1.70M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-15.02M-16.85M-43.15M-50.62M
RepaymentOfDebt-3.46M-2.94M-1.39M-1.89M
IssuanceOfDebt6.69M7.33M10.53M16.24M
IssuanceOfCapitalStock13.28M15.07M32.62M34.58M
CapitalExpenditure-212.00K-1.42M-7.61M-12.36M
InterestPaidSupplementalData1.45M0.00
EndCashPosition138.00K0.00226.00K1.70M
BeginningCashPosition0.00226.00K1.70M11.00K
EffectOfExchangeRateChanges286.00K-483.00K-91.00K-151.00K
ChangesInCash-148.00K257.00K-1.38M1.84M
FinancingCashFlow16.34M17.11M41.77M52.45M
CashFlowFromContinuingFinancingActivities16.34M17.11M41.77M52.45M
NetOtherFinancingCharges-250.00K-2.38M3.48M
ProceedsFromStockOptionExercised92.00K30.00K12.00K49.00K
NetPreferredStockIssuance0.0030.00M30.48M
PreferredStockIssuance0.0030.00M30.48M
NetCommonStockIssuance13.28M15.07M2.63M4.10M
CommonStockIssuance13.28M15.07M2.63M4.10M
NetIssuancePaymentsOfDebt3.22M4.39M9.14M14.35M
NetShortTermDebtIssuance3.22M4.39M9.21M13.83M
ShortTermDebtPayments-3.46M-2.94M-1.32M-1.89M
ShortTermDebtIssuance6.69M7.33M10.53M15.72M
NetLongTermDebtIssuance0.00-69.00K520.00K
LongTermDebtPayments0.00-69.00K0.00
LongTermDebtIssuance0.00520.00K
InvestingCashFlow-1.68M-1.42M-7.61M-12.36M
CashFlowFromContinuingInvestingActivities-1.68M-1.42M-7.61M-12.36M
NetBusinessPurchaseAndSale-1.46M0.00
PurchaseOfBusiness-1.46M0.00
NetIntangiblesPurchaseAndSale-212.00K-1.42M-7.03M-9.74M
PurchaseOfIntangibles-212.00K-1.42M-7.03M-9.74M
NetPPEPurchaseAndSale0.00-577.00K-2.62M
PurchaseOfPPE0.00-577.00K-2.62M
OperatingCashFlow-14.81M-15.43M-35.55M-38.26M
CashFlowFromContinuingOperatingActivities-14.81M-15.43M-35.55M-38.26M
ChangeInWorkingCapital-1.52M699.00K2.49M-6.12M
ChangeInOtherWorkingCapital-101.00K48.00K14.00K15.00K
ChangeInOtherCurrentLiabilities-294.00K-83.00K-585.00K0.00
ChangeInOtherCurrentAssets30.00K-9.00K3.00K292.00K
ChangeInPayablesAndAccruedExpense-762.00K563.00K5.42M44.00K
ChangeInAccruedExpense211.00K-1.52M1.49M1.23M
ChangeInPayable-973.00K2.08M3.93M-1.18M
ChangeInAccountPayable-973.00K2.08M3.93M-1.18M
ChangeInPrepaidAssets85.00K1.97M80.00K-3.06M
ChangeInInventory1.57M-1.79M-2.44M-3.41M
ChangeInReceivables-2.05M-1.00K0.00
ChangesInAccountReceivables-2.05M-1.00K0.00
OtherNonCashItems6.05M1.97M845.00K-3.96M
StockBasedCompensation10.25M29.94M6.35M1.16M
ProvisionandWriteOffofAssets354.00K825.00K904.00K1.37M
AssetImpairmentCharge0.002.27M0.00
DepreciationAmortizationDepletion6.13M6.53M6.73M2.19M
DepreciationAndAmortization6.13M6.53M6.73M2.19M
AmortizationCashFlow5.66M5.64M5.00M1.44M
AmortizationOfIntangibles5.66M5.64M5.00M1.44M
Depreciation467.00K882.00K1.73M747.00K
OperatingGainsLosses-1.15M-4.02M3.08M-54.00K
GainLossOnInvestmentSecurities-2.59M-1.69M3.00M
NetForeignCurrencyExchangeGainLoss-86.00K265.00K422.00K-54.00K
GainLossOnSaleOfPPE0.00181.00K0.00
NetIncomeFromContinuingOperations-34.93M-51.37M-58.23M-32.84M
SEC Filings

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

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