TRNR Research | Milton Maxwell

TRNR

Interactive Strength Inc.

1.6800

-0.0400-2.33%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

4.55M

P/E (TTM)

0.00

Basic EPS (TTM)

13576.13

Dividend Yield

Recent Filings

8-K

Ergatta merger closes

3/16/26Mar 16, 2026

Interactive Strength closed its merger with Ergatta on March 11, 2026, paying $3.5M cash—half upfront, half via note due April 30, 2027—and Series D1 preferred stock valued $5.25M-$9.5M. Management got Series D2/D3 stock up to $3M total. Earnouts possible on milestones. Financials pending.

8-K

Designates Series D preferred stock

3/11/26Mar 11, 2026

Interactive Strength filed a Certificate of Designation on March 5, 2026, creating 4,750,000 shares of Series D1, 1,000,000 Series D2, and 500,000 Series D3 Convertible Preferred Stock at $2.00 original issue price. All shares will issue upon Ergatta, Inc. acquisition closing. They auto-convert to common stock—D1/D2 on May 3, 2027; D3 on May 1, 2028. Nasdaq approval may limit conversions.

8-K

Boosts ATM offering to $6M

3/6/26Mar 6, 2026

Interactive Strength Inc. boosted its at-the-market offering under the May 2024 Sales Agreement with H.C. Wainwright & Co., raising the maximum aggregate price to $6,057,000 on March 6, 2026, via prospectus supplement. It had sold ~$1,673,180 in shares over the last 12 months and ~$12,130,000 total prior. Funds bolster liquidity. No use of proceeds disclosed.

8-K

Settles Sportstech dispute, recovers loan

3/5/26Mar 5, 2026

Interactive Strength settled its legal dispute with Sportstech on February 27, 2026, receiving $6,350,000 plus €19,923.25 on March 4—full recovery of the $5.6 million loan plus extras. All proceedings terminated; pledged shares released. Cash frees focus for growth. Settlement done.

8-K

Debt-for-equity swap, reverse split

2/25/26Feb 25, 2026

Interactive Strength exchanged $400,000 of loan debt for 80,000 post-split common shares at $5.00 each with Vertical Investors on February 19, 2026, trimming outstanding principal to $598,803. The next day, it executed a 1-for-10 reverse stock split, effective February 23, cutting shares from 17.98M to 1.80M to meet Nasdaq's $1 minimum bid. Debt shrinks. Trading resumes adjusted February 24.

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.

CEO

Mr. Trent Alexander Ward

IPO

4/28/2023

Website

https://interactivestrength.com

Employees

Sector

Consumer Cyclical

Industry

Personal Services