Interactive Strength, Inc.
TRNR Nasdaq· Electronic & Other Electrical Equipment (No Computer Equip)
Last close · Oct 23, 2026
$1.73
KIRA · Stoqly’s AI analyst, in plain words
- Interactive Strength, Inc. had $11.5M of revenue in fiscal 2025, up 114.3% on the year before.
- Its operating margin was −172.2%, up 370.2 pts: of every 100 in sales, about −172 is left after running the business.
- Interactive Strength, Inc. lost $24.0M in fiscal 2025.
- Free cash flow was −$10.5M in fiscal 2025, −91.1% of revenue.
Market cap
$0.7M
P/E
0.0x
Revenue
$11.5M
Net income
−$24.0M
Free cash flow
−$10.5M
Operating margin
−172.2%
Interactive Strength, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+114.3%
Yes. Sales grew 114.3% last year.
Does it make a profit?
−207.9%
No. It lost money last year.
Does profit turn into cash?
−91.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
0.0x
One share costs 0.0 times its yearly profit per share.
What Interactive Strength, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- Interactive Strength, Inc.
- CIK
- 0001785056
Interactive Strength, Inc. · TRNR
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $0.7M | $1.0M | $5.4M | $11.5M |
| Revenue growth | — | 41.3% | 459.3% | 114.3% |
| Net interest income | −$1.0M | −$0.2M | — | — |
| Gross margin | −1,302.2% | −574.6% | −51.6% | 7.9% |
| Operating margin | −7,980.2% | −5,663.2% | −542.5% | −172.2% |
| Net income | −$58.2M | −$51.4M | −$34.9M | −$24.0M |
| Net margin | −8,549.9% | −5,340.2% | −649.3% | −207.9% |
| Diluted EPS | −$119.49 | −$16,614.85 | −$16,328.50 | −$171.77 |
| Cash | ||||
| Cash from operations | −$35.5M | −$15.4M | −$14.8M | −$10.4M |
| Capital expenditure | $0.6M | $0.0M | $0.0M | $0.1M |
| Free cash flow | −$36.1M | −$15.4M | −$14.8M | −$10.5M |
| FCF margin | −5,304.3% | −1,603.6% | −275.3% | −91.1% |
| Share count change | — | −99.4% | −32.3% | 6,542.9% |
| Debt and strength | ||||
| Cash and short-term investments | $0.2M | $0.0M | $0.1M | $0.5M |
| Debt incl. finance leases | — | $9.8M | $22.6M | — |
| Shareholders' equity | −$2.7M | −$5.6M | $7.1M | $6.4M |
| Current ratio | 0.4x | 0.2x | 0.3x | 0.5x |
| Returns and quality | ||||
| Return on capital | — | −1,011.7% | −77.9% | — |
| Return on equity | — | — | −4,470.1% | −355.0% |
| Piotroski F-score | — | 4 | 6 | 5 |
| Altman Z'' | −34.3 | −60.8 | −28.4 | −20.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Interactive Strength, Inc. · TRNR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.73 a share, the company is worth $0.7M: 0.0 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001785056). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.