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Interactive Strength Inc
(NASDAQ:TRNR)
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Rating:43Neutral
Price Target:
$3.00
▼(-1.32% Downside)
Action:Reiterated
Date:08/21/26
The score is held down primarily by weak financial performance (large losses, high leverage, and ongoing cash burn) and bearish technicals (price below key moving averages with negative MACD). Corporate actions modestly offset this by improving capital-structure simplicity and pursuing an acquisition aimed at scaling revenue and profitability, but dilution risk and execution uncertainty remain. Valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Revenue and gross-margin improvement
Stronger revenue and positive gross margin indicate improving product economics and customer adoption. If sustained, this progress could provide operating leverage as the connected-fitness platform scales, although profitability has not yet been achieved.
Negative Factors
Deep and unsustainable losses
The scale of operating and net losses shows that current revenue is insufficient to support the cost base. Until the company reaches meaningful operating leverage, continued losses could consume capital and constrain investment in products, marketing, and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and gross-margin improvement
Stronger revenue and positive gross margin indicate improving product economics and customer adoption. If sustained, this progress could provide operating leverage as the connected-fitness platform scales, although profitability has not yet been achieved.
Read all positive factors
Interactive Strength Inc (TRNR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.93M
Dividend YieldN/A
Average Volume (3M)286.34K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth197.50%
EPS Growth99.51%
CountryUS
Employees72
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-94.85
Shares Outstanding1,619,702
10 Day Avg. Volume198,410
30 Day Avg. Volume286,341
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.31
Price to Sales (P/S)0.73
P/FCF Ratio-0.80
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$12.00Price Target Upside294.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-103.58
Revenue Forecast (FY)$25.66M
Interactive Strength Inc Business Overview & Revenue Model
Company Description
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 equi...
How the Company Makes Money
null...
Interactive Strength Inc Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.74M | 11.53M | 5.38M | 962.00K | 681.00K | 323.00K |
| Gross Profit | 6.24M | 913.00K | -2.78M | -5.53M | -8.87M | -4.84M |
| EBITDA | -17.04M | -9.01M | -21.08M | -43.26M | -51.13M | -29.71M |
| Net Income | -33.03M | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
Balance Sheet | ||||||
| Total Assets | 56.52M | 46.84M | 34.17M | 16.80M | 24.45M | 22.07M |
| Cash, Cash Equivalents and Short-Term Investments | 959.00K | 512.00K | 138.00K | 0.00 | 226.00K | 1.70M |
| Total Debt | 21.62M | 20.60M | 11.75M | 10.09M | 11.09M | 7.45M |
| Total Liabilities | 53.17M | 40.45M | 27.05M | 22.35M | 27.18M | 41.73M |
| Stockholders Equity | 3.34M | 6.39M | 7.12M | -5.55M | -2.73M | -19.66M |
Cash Flow | ||||||
| Free Cash Flow | -10.82M | -10.50M | -15.02M | -16.85M | -43.15M | -50.62M |
| Operating Cash Flow | -10.30M | -10.41M | -14.81M | -15.43M | -35.55M | -38.26M |
| Investing Cash Flow | 639.00K | -53.74M | -1.68M | -1.42M | -7.61M | -12.36M |
| Financing Cash Flow | 8.02M | 64.62M | 16.34M | 17.11M | 41.77M | 52.45M |
Interactive Strength Inc Technical Analysis
Negative
3.04
Price Trends
3.45
Negative
5.11
Negative
37.15
Negative
Market Momentum
-0.13
Positive
43.94
Neutral
23.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRNR, the sentiment is Negative. The current price of 3.04 is below the 20-day moving average (MA) of 3.31, below the 50-day MA of 3.45, and below the 200-day MA of 37.15, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 23.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRNR.
Interactive Strength Inc Risk Analysis
Interactive Strength Inc disclosed 5 risk factors in its most recent earnings report. Interactive Strength Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Interactive Strength Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
88 Outperform | $2.82T | 20.66 | 30.50% | ― | 15.77% | 88.63% | |
75 Outperform | $14.34B | 32.21 | 21.07% | ― | 25.87% | 66.82% | |
65 Neutral | $2.70B | 7.51 | 18.01% | 1.20% | 3.77% | 4.71% | |
62 Neutral | $14.32B | -42.35 | 11.48% | ― | 7.46% | -2.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $11.13B | 13.68 | 14.99% | 2.39% | 53.54% | -35.49% | |
43 Neutral | $4.93M | -0.03 | -233.76% | ― | 197.50% | 99.51% |
* Consumer Cyclical Sector Average
TRNR
Interactive Strength Inc
3.05
-272.75
-98.89%
AMZN
Amazon
256.26
24.66
10.65%
DKS
Dick's Sporting Goods
131.77
-78.42
-37.31%
FIVE
Five Below
246.98
96.95
64.62%
W
Wayfair
105.01
29.55
39.16%
ASO
Academy Sports and Outdoors
42.63
-10.44
-19.68%
Interactive Strength Inc Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Interactive Strength Simplifies Capital Structure via Equity Exchanges
Positive
Aug 14, 2026
On August 10 and August 12, 2026, Interactive Strength Inc. executed a series of exchange agreements with holders of its Series A convertible preferred stock and promissory notes, swapping these instruments into common shares. The company issued 2...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Interactive Strength Simplifies Capital Structure via Share Exchange
Positive
Aug 7, 2026
Between August 3 and August 7, 2026, Interactive Strength Inc. executed a series of exchange agreements with holders of its various series of convertible preferred stock and a promissory note, swapping those securities for newly issued common shar...
Business Operations and StrategyDividendsPrivate Placements and Financing
Interactive Strength Adjusts Capital Structure With Preferred Dividends
Neutral
Jul 31, 2026
On July 28, 2026, Interactive Strength Inc.’s board declared and issued in‑kind dividends on its Series A and Series C preferred stock, distributing 281,344 new Series A preferred shares and 338,240 new Series C preferred shares to hol...
Business Operations and StrategyPrivate Placements and Financing
Interactive Strength announces new convertible note financing
Neutral
Jul 24, 2026
On July 21, 2026, Interactive Strength Inc. reported that an accredited investor exercised previously issued Class B incremental warrants to acquire a $2 million senior secured convertible note and received Class B Incremental Common Warrants for ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Interactive Strength to Acquire STEPR, Expanding Fitness Platform
Positive
Jul 9, 2026
On July 7, 2026, Interactive Strength Inc. signed a definitive Stock Purchase Agreement to acquire 100% of STEPR, a profitable, founder-funded leader in connected stair-climbing equipment for home and commercial markets. The deal, expected to clos...
Business Operations and StrategyPrivate Placements and Financing
Interactive Strength Settles Loan via Series C Equity
Neutral
Jul 7, 2026
Interactive Strength Inc. previously entered into a credit agreement with Vertical Investors, LLC on February 1, 2024, for a term loan of about $7.97 million, and subsequently converted portions of that loan into Series A preferred stock and modif...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Interactive Strength executes reverse stock split to meet Nasdaq
Neutral
Jun 30, 2026
On June 29, 2026, Interactive Strength Inc. implemented a 1-for-7 reverse stock split of its common stock, reducing the number of issued and outstanding shares from about 3.6 million to roughly 0.5 million, with no change to authorized shares or p...
Business Operations and StrategyExecutive/Board ChangesShareholder MeetingsStock Split
Interactive Strength Shareholders Approve Key Governance and Capital Actions
Positive
Jun 9, 2026
At its June 8, 2026 annual meeting in Austin, Texas, Interactive Strength Inc. shareholders elected two Class III directors to serve until the 2029 meeting and ratified Deloitte Touche LLP as independent auditor for the 2026 fiscal year, with 912...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.