NASDAQ : TRNR
Interactive Strength Inc. — Financial statements
Consumer Discretionary · Personal Services · United States
Last price 1.55 USD (Oct 30, 2026, 3:13 PM EDT) · Market cap 2.51M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Interactive Strength Inc. (TRNR) reported revenue of 20.74M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 20.74M | 11.53M | 5.38M | 962.00K | 681.00K | 323.00K |
| Cost of Revenue | 14.51M | 10.62M | 8.16M | 6.49M | 9.55M | 5.17M |
| Gross Profit | 6.23M | 913.00K | -2.78M | -5.53M | -8.87M | -4.84M |
| Selling, General & Admin | 18.50M | 17.25M | 18.32M | 38.91M | 23.24M | 16.00M |
| Research & Development | 1.72M | 2.92M | 6.99M | 10.04M | 19.96M | 16.30M |
| Operating Expenses | 20.22M | 20.17M | 25.31M | 48.95M | 43.20M | 32.30M |
| Operating Income | -13.99M | -19.26M | -28.09M | -54.48M | -52.07M | -37.15M |
| Interest Expense | -8.51M | -11.78M | -7.73M | -1.59M | -952.00K | -935.00K |
| Interest & Investment Income | 1.17M | 1.55M | ||||
| Currency Exchange Gain (Loss) | -300.00K | |||||
| Other Non Operating Income (Expenses) | -23.76M | -25.45M | 2.63M | 2.41M | -3.38M | 52.00K |
| EBT Excluding Unusual Items | -45.09M | -54.94M | -33.48M | -53.66M | -56.40M | -38.03M |
| Merger & Restructuring Charges | -1.10M | -600.00K | -1.10M | |||
| Gain (Loss) on Sale of Assets | -181.00K | |||||
| Asset Writedown | -2.27M | |||||
| Other Unusual Items | 13.16M | 31.57M | -355.00K | 2.29M | 630.00K | 5.19M |
| Pretax Income | -33.03M | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Income Tax Expense | 4.00K | |||||
| Net Income | -33.03M | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Net Income to Common | -33.03M | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Shares Outstanding (Basic) | 154.50K | 19.93K | ||||
| Shares Outstanding (Diluted) | 154.50K | 19.93K | ||||
| EPS (Basic) | -213.81 | -1,202.37 | ||||
| EPS (Diluted) | -213.81 | -1,202.37 | ||||
| Free Cash Flow | -10.73M | -10.50M | -14.81M | -15.43M | -36.12M | -40.88M |
| Free Cash Flow Per Share | -69.45 | -526.89 | ||||
| Gross Margin | 30.05% | 7.92% | -51.64% | |||
| Operating Margin | -67.43% | -167.03% | -522.03% | -5,663.20% | -7,646.11% | -11,500.31% |
| Profit Margin | -159.26% | -207.88% | -649.33% | -5,340.23% | -8,549.93% | -10,167.18% |
| Free Cash Flow Margin | -51.73% | -91.09% | -275.32% | -1,603.64% | -5,304.26% | -12,656.04% |
| EBITDA | -10.15M | -16.08M | -21.96M | -49.95M | -47.53M | -34.95M |
| EBITDA Margin | -48.95% | -139.43% | ||||
| D&A For EBITDA | 3.83M | 3.18M | 6.13M | 4.53M | 4.54M | 2.19M |
| EBIT | -13.99M | -19.26M | -28.09M | -54.48M | -52.07M | -37.15M |
| EBIT Margin | -67.43% | -167.03% | ||||
| Revenue as Reported | 11.53M | 11.53M | 5.38M | 962.00K | 681.00K | |
| Advertising Expenses | 2.50M | 2.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 959.00K | 512.00K | 138.00K | 226.00K | 1.70M | |
| Cash & Short-Term Investments | 959.00K | 512.00K | 138.00K | 226.00K | 1.70M | |
| Accounts Receivable | 3.20M | 2.61M | 1.43M | 1.00K | ||
| Other Receivables | 214.00K | 274.00K | 439.00K | 536.00K | 928.00K | -7.00K |
| Receivables | 3.41M | 9.48M | 1.86M | 537.00K | 928.00K | -7.00K |
| Inventory | 5.22M | 4.12M | 5.84M | 4.42M | 8.17M | 6.00M |
| Prepaid Expenses | 421.00K | 385.00K | 225.00K | 311.00K | 307.00K | 356.00K |
| Other Current Assets | 198.00K | 201.00K | 146.00K | 86.00K | 191.00K | 809.00K |
| Total Current Assets | 10.21M | 14.70M | 8.22M | 5.36M | 9.82M | 8.86M |
| Property, Plant & Equipment | 879.00K | 696.00K | 531.00K | 727.00K | 1.44M | 2.19M |
| Goodwill | 20.64M | 15.54M | 13.22M | |||
| Other Intangible Assets | 18.48M | 10.05M | 8.25M | 5.15M | 6.44M | 4.91M |
| Long-Term Deferred Charges | 416.00K | 443.00K | 821.00K | 2.35M | 6.74M | 6.10M |
| Other Long-Term Assets | 5.90M | 5.41M | 3.13M | 3.22M | 9.00K | 9.00K |
| Total Assets | 56.52M | 46.84M | 34.17M | 16.80M | 24.45M | 22.07M |
| Accounts Payable | 8.19M | 8.98M | 11.17M | 10.56M | 7.74M | 2.11M |
| Accrued Expenses | 2.43M | 2.46M | 1.22M | 860.00K | 3.30M | 2.12M |
| Short-Term Debt | 9.54M | 11.32M | 9.81M | 10.98M | 6.93M | |
| Current Portion of Long-Term Debt | 21.36M | 15.74M | ||||
| Current Portion of Leases | 130.00K | 159.00K | 261.00K | 54.00K | 106.00K | |
| Current Income Taxes Payable | 160.00K | 7.00K | 7.00K | 7.00K | 7.00K | |
| Current Unearned Revenue | 4.44M | 1.32M | 77.00K | 77.00K | 29.00K | 15.00K |
| Other Current Liabilities | 2.89M | 2.62M | 2.83M | 168.00K | 2.01M | 295.00K |
| Total Current Liabilities | 49.14M | 31.29M | 26.88M | 21.53M | 24.17M | 11.48M |
| Long-Term Debt | 4.53M | 520.00K | ||||
| Long-Term Leases | 134.00K | 171.00K | 170.00K | 229.00K | 9.00K | |
| Other Long-Term Liabilities | 3.90M | 2.16M | 4.00K | 591.00K | 3.00M | |
| Total Liabilities | 53.17M | 38.15M | 27.05M | 22.35M | 27.18M | 12.00M |
| Common Stock | 2.00K | 8.00K | 7.00K | 4.00K | 3.00K | |
| Additional Paid-In Capital | 246.62M | 233.82M | 209.51M | 161.25M | 112.44M | 37.81M |
| Retained Earnings | -245.39M | -227.54M | -202.59M | -166.91M | -115.54M | -57.31M |
| Comprehensive Income & Other | -2.00K | 113.00K | 183.00K | 100.00K | 365.00K | -159.00K |
| Total Common Equity | 1.04M | 6.39M | 7.11M | -5.55M | -2.73M | -19.66M |
| Shareholders' Equity | 3.34M | 8.69M | 7.12M | -5.55M | -2.73M | 10.07M |
| Total Liabilities & Equity | 56.52M | 46.84M | 34.17M | 16.80M | 24.45M | 22.07M |
| Total Debt | 31.17M | 20.60M | 11.75M | 10.09M | 11.09M | 7.45M |
| Net Cash (Debt) | -30.21M | -20.09M | -11.61M | -10.09M | -10.87M | -5.75M |
| Net Cash Per Share | -195.52 | -1,007.63 | ||||
| Filing Date Shares Outstanding | 1.62M | 293.86K | 11.36K | |||
| Total Common Shares Outstanding | 514.47K | 43.93K | ||||
| Working Capital | -38.93M | -16.58M | -18.66M | -16.18M | -14.35M | -2.62M |
| Book Value Per Share | 2.02 | 145.41 | ||||
| Tangible Book Value | -38.08M | -19.20M | -14.35M | -10.70M | -9.17M | -24.58M |
| Tangible Book Value Per Share | -74.01 | -437.16 | ||||
| Machinery | 4.61M | 4.32M | 3.31M | 3.24M | 3.24M | 3.04M |
| Leasehold Improvements | 197.00K | 198.00K | 186.00K | 113.00K | 113.00K | 113.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -33.03M | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Depreciation & Amortization | 3.83M | 3.18M | 6.13M | 4.53M | 4.54M | 2.19M |
| Other Amortization | 2.00M | 1.60M | ||||
| Loss (Gain) From Sale of Assets | 28.00K | 27.00K | 181.00K | |||
| Asset Writedown & Restructuring Costs | 2.27M | |||||
| Stock-Based Compensation | -593.00K | 3.08M | 10.25M | 29.94M | 6.35M | 1.16M |
| Provision & Write-off of Bad Debts | 9.00K | 9.00K | ||||
| Other Operating Activities | 18.07M | 4.20M | 5.26M | -1.22M | 5.24M | -2.65M |
| Change in Accounts Receivable | 469.00K | 571.00K | -2.05M | -1.00K | ||
| Change in Inventory | 826.00K | 1.80M | 1.57M | -1.79M | -2.44M | -3.41M |
| Change in Accounts Payable | 149.00K | 846.00K | -973.00K | 2.08M | 3.93M | -1.18M |
| Change in Unearned Revenue | -12.00K | 179.00K | -101.00K | 48.00K | 14.00K | 15.00K |
| Change in Other Net Operating Assets | -292.00K | -337.00K | 32.00K | 359.00K | 988.00K | -1.55M |
| Operating Cash Flow | -10.30M | -10.41M | -14.81M | -15.43M | -35.55M | -38.26M |
| Capital Expenditures | -428.00K | -94.00K | -577.00K | -2.62M | ||
| Cash Acquisitions | 42.84M | -452.00K | -1.46M | |||
| Sale (Purchase) of Intangibles | -1.36M | -901.00K | -212.00K | -1.42M | -7.03M | -9.74M |
| Other Investing Activities | -46.05M | -47.25M | ||||
| Investing Cash Flow | 639.00K | -53.74M | -1.68M | -1.42M | -7.61M | -12.36M |
| Short-Term Debt Issued | 650.00K | 7.33M | 10.53M | 15.72M | ||
| Long-Term Debt Issued | 65.12M | 6.04M | 4.00M | |||
| Total Debt Issued | 9.07M | 65.12M | 6.69M | 7.33M | 10.53M | 19.71M |
| Short-Term Debt Repaid | -678.00K | -2.94M | -1.32M | -1.89M | ||
| Long-Term Debt Repaid | -1.25M | -2.79M | -69.00K | |||
| Total Debt Repaid | -1.73M | -1.25M | -3.46M | -2.94M | -1.39M | -1.89M |
| Net Debt Issued (Repaid) | 7.33M | 63.88M | 3.22M | 4.39M | 9.14M | 17.83M |
| Issuance of Common Stock | 1.61M | 1.69M | 13.37M | 15.10M | 2.64M | 4.15M |
| Other Financing Activities | -725.00K | -950.00K | -250.00K | -2.38M | ||
| Financing Cash Flow | 8.02M | 64.62M | 16.34M | 17.11M | 41.77M | 52.45M |
| Foreign Exchange Rate Adjustments | -227.00K | -99.00K | 286.00K | -483.00K | -91.00K | -151.00K |
| Net Cash Flow | -1.87M | 374.00K | 138.00K | -226.00K | -1.47M | 1.69M |
| Free Cash Flow | -10.73M | -10.50M | -14.81M | -15.43M | -36.12M | -40.88M |
| Free Cash Flow Margin | -51.73% | -91.09% | -275.32% | -1,603.64% | -5,304.26% | -12,656.04% |
| Free Cash Flow Per Share | -69.45 | -526.89 | ||||
| Levered Free Cash Flow | -1.48M | -20.16M | -5.31M | 2.84M | -22.16M | -38.65M |
| Unlevered Free Cash Flow | 3.84M | -12.79M | -484.12K | 3.83M | -21.56M | -38.07M |
| Cash Interest Paid | 1.45M | |||||
| Change in Working Capital | 1.14M | 3.06M | -1.52M | 699.00K | 2.49M | -6.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.49M | 2.38M | 3.93M | 12.04M | ||
| Enterprise Value | 32.70M | 48.35M | 16.25M | 19.61M | ||
| Last Close Price | 1.54 | 59.99 | 1,995.00 | 2,408,289.00 | ||
| PS Ratio | 0.12 | 0.21 | 0.73 | 12.52 | ||
| PB Ratio | 0.76 | 0.27 | 0.55 | -2.17 | ||
| EV/Sales Ratio | 1.58 | 4.19 | 3.02 | 20.39 | ||
| Debt / Equity Ratio | 9.32 | 2.37 | 1.65 | -1.82 | -4.06 | 0.74 |
| Net Debt / Equity Ratio | 9.03 | 2.31 | 1.63 | -1.82 | -3.98 | 0.57 |
| Net Debt / EBITDA Ratio | -2.98 | -1.25 | -0.53 | -0.20 | -0.23 | -0.16 |
| Net Debt / FCF Ratio | -2.81 | -1.91 | -0.78 | -0.65 | -0.30 | -0.14 |
| Asset Turnover | 0.29 | 0.28 | 0.21 | 0.05 | 0.03 | 0.02 |
| Inventory Turnover | 3.28 | 2.13 | 1.59 | 1.03 | 1.35 | 1.71 |
| Quick Ratio | 0.09 | 0.11 | 0.07 | 0.03 | 0.05 | 0.15 |
| Current Ratio | 0.21 | 0.47 | 0.31 | 0.25 | 0.41 | 0.77 |
| Return on Equity (ROE) | -336.76% | -303.22% | -4,470.12% | -1,587.16% | ||
| Return on Assets (ROA) | -12.25% | -29.71% | -68.87% | -165.09% | -139.93% | -166.30% |
| Return on Capital Employed (ROCE) | -189.60% | -123.80% | -385.30% | 1,151.30% | -18,596.40% | -350.80% |
| Earnings Yield | -13,883.49% | -1,006.86% | -889.77% | -426.63% | ||
| FCF Yield | -430.17% | -441.22% | -377.26% | -128.12% |