Interactive Strength, Inc. (TRNR) Financial Statements
Industry: Electronic & Other Electrical Equipment (No Computer Equip)
In fiscal 2025, Interactive Strength reported revenue of $11.5M, up 114.3% from $5.4M the year before. Net income was -$24.0M (a -207.9% net margin), or -$1202.39 per diluted share. Gross margin was 7.9% and operating margin was -172.2%. Operating activities generated -$10.4M of cash, leaving -$10.5M of free cash flow. At fiscal year end, Interactive Strength held $46.8M in total assets against $38.1M in total liabilities, including $512,000 of cash and equivalents.
Open the full interactive Interactive Strength financials → Quarterly statements, key ratios, valuation history and price charts.
Interactive Strength Key Stats
| Share Price | $2.22 |
|---|---|
| Market Cap | $909,738 |
| Revenue YoY Growth | +114.3% |
| 52-Week Range | $2.07 – $238.00 |
| Shares Outstanding | 408,871 (basic, 2026 Q2) |
Interactive Strength Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $962,000 | $5.4M | $11.5M |
| Gross Profit | -$5.5M | -$2.8M | $913,000 |
| Operating Income | -$54.5M | -$29.2M | -$19.9M |
| Pre-Tax Income | -$51.4M | -$34.9M | -$24.0M |
| Income Tax | $0 | $0 | $0 |
| Net Income | -$51.4M | -$34.9M | -$24.0M |
| Diluted EPS | -$11620000.00 | -$114296.00 | -$1202.39 |
Interactive Strength Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.8M | $4.1M | $5.1M | $6.6M |
| Net Income | -$5.2M | -$10.0M | -$10.7M | -$7.1M |
| Diluted EPS | -$217.70 | -$71.34 | -$71.68 | -$17.37 |
Interactive Strength Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $0 | $138,000 | $512,000 |
| Current Assets | $5.4M | $8.2M | $14.7M |
| Total Assets | $16.8M | $34.2M | $46.8M |
| Current Liabilities | $21.5M | $26.9M | $31.3M |
| Total Long-Term Debt | $5.8M | $11.3M | $20.3M |
| Total Liabilities | $22.4M | $27.1M | $38.1M |
| Shareholders' Equity | -$5.6M | $7.1M | $6.4M |
Interactive Strength Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | -$15.4M | -$14.8M | -$10.4M |
| Cash From Investing | -$1.4M | -$1.7M | -$53.7M |
| Cash From Financing | $17.1M | $16.3M | $64.6M |
| Free Cash Flow | -$15.4M | — | -$10.5M |
Figures from Interactive Strength's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Interactive Strength financials page for every line item.
Interactive Strength Company Profile
| Ticker | TRNR |
|---|---|
| Exchange | Nasdaq |
| Industry | Electronic & Other Electrical Equipment (No Computer Equip) |
| Headquarters | Austin, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001785056 |
Frequently Asked Questions
What was Interactive Strength's revenue in fiscal 2025?
Interactive Strength (TRNR) reported revenue of $11.5M for fiscal 2025.
What is Interactive Strength's annual revenue history?
Interactive Strength's annual revenue by fiscal year: 2023: $962,000; 2024: $5.4M; 2025: $11.5M.
What was Interactive Strength's net income in fiscal 2025?
Interactive Strength reported net income of -$24.0M for fiscal 2025.
What was Interactive Strength's earnings per share (EPS) in fiscal 2025?
Interactive Strength's diluted EPS was -$1202.39 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Interactive Strength generate in fiscal 2025?
Interactive Strength generated -$10.5M of free cash flow in fiscal 2025.
What was Interactive Strength's revenue last quarter?
In its most recent reported quarter (2026 Q2), Interactive Strength reported revenue of $6.6M.
How much debt does Interactive Strength have?
Interactive Strength reported $20.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Interactive Strength are outstanding?
Interactive Strength reported a weighted average of 408,871 basic shares outstanding in 2026 Q2.
What is Interactive Strength's market cap?
Based on its latest closing price, Interactive Strength (TRNR) has a market capitalization of about $909,738.
When does Interactive Strength's fiscal year end?
Interactive Strength's fiscal year end, as registered with the SEC, is December 31.
Where is Interactive Strength headquartered?
Interactive Strength lists its business address in Austin, Texas in its SEC filings.
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