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Financials · TRNR

Interactive Strength Inc. (TRNR) financials

For the twelve months ended Jun 30, 2026, Interactive Strength Inc. reported $20.74M of revenue and -$33.03M of net income.

Revenue, TTM
$20.74M
Revenue growth, YoY
+197.5%
Net income, TTM
-$33.03M
Net margin
-159.3%
Cash
$959.0K
Total debt
$0
P/S
0.10
Market cap
$2.0M
Annual revenue$11.53M
FY2022FY2025
Annual net income-$23.97M
FY2022FY2025
Annual free cash flow-$10.50M
FY2022FY2025

TRNR revenue and earnings growth

TRNR revenueQ2 2026$6.65M

Quarter YoY
+445.3%
QoQ
+29.3%
FY YoY
+114.3%

TRNR revenue was $6.65M in fiscal Q2 2026 (ended Jun 30, 2026), up 445.3% from a year earlier and up 29.3% from the prior quarter. For the full fiscal 2025 it was $11.53M, up 114.3% from fiscal 2024. It rose in each of the last 3 fiscal years.

TRNR net incomeQ2 2026-$7.10M

TRNR net income was -$7.10M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.18M a year earlier. For the full fiscal 2025 it was -$23.97M, compared with -$34.93M in fiscal 2024.

TRNR EPSQ2 2026-$17.37

TRNR diluted EPS was -$17.37 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$171.77.

TRNR free cash flowQ2 2026-$3.29M

TRNR free cash flow was -$3.29M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.20M a year earlier. For the full fiscal 2025 it was -$10.50M, compared with -$14.81M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$11.53M$5.38M$962.0K$681.0K
Cost of revenue$10.62M$8.16M$6.49M$9.55M
Gross profit$913.0K-$2.78M-$5.53M-$8.87M
Research and development$2.92M$6.99M$10.04M$19.96M
Selling, general and admin$15.59M$18.34M$37.28M$19.30M
Operating income-$19.86M-$29.18M-$54.48M-$54.34M
Pre-tax income-$23.97M-$34.93M-$51.37M-$58.23M
Income tax$0$0$0$0
Net income-$23.97M-$34.93M-$51.37M-$58.23M
EPS, basic-$171.77-$16328.50-$1661485.00-$477960.00
EPS, diluted-$171.77-$16328.50-$1661485.00-$477960.00
Diluted shares139,5362,13930.92121.819

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$512.0K$138.0K$0$226.0K
Receivables$2.61M$1.43M$1.0K$0
Inventory$7.33M$6.69M$5.51M$4.57M
Current assets$14.70M$8.22M$5.36M$9.82M
Goodwill$15.54M$15.54M$0-
Total assets$46.84M$34.17M$16.80M$24.45M
Current liabilities$31.29M$26.88M$21.53M$24.17M
Short-term debt-$11.32M$9.93M-
Long-term debt$2.74M$0$0-
Total debt$2.74M$11.32M$9.93M$6.71M
Total liabilities$38.15M$27.05M$22.35M$27.18M
Shareholders' equity$6.39M$7.12M-$5.55M-$2.73M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow-$10.41M-$14.81M-$15.43M-$35.55M
Capital expenditures$94.0K$0$0$577.0K
Free cash flow-$10.50M-$14.81M-$15.43M-$36.12M
Investing cash flow-$53.74M-$1.68M-$1.42M-$7.61M
Financing cash flow$64.62M$16.34M$17.11M$41.77M
Stock-based compensation$3.08M$10.25M$29.94M$6.35M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY114.3%459.3%41.3%-
Gross margin7.9%-51.6%-574.6%-1302.2%
Operating margin-172.2%-542.5%-5663.2%-7980.2%
Net margin-207.9%-649.3%-5340.2%-8549.9%
Free cash flow margin-91.1%-275.3%-1603.6%-5304.3%
Return on equity-375.1%-491.0%--
Return on assets-51.2%-102.2%-305.8%-238.2%
Current ratio0.470.310.250.41
Debt to equity0.431.59--

Source: XBRL data Interactive Strength Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-40, first reported Aug 14, 2024; 1-for-100, first reported Mar 31, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TRNR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TRNR$20.74M+197.5%-$33.03M-159.3%$2.0M
GE$52.58B+19.6%$9.10B17.3%$354.18B
GEV$44.04B+16.9%$10.37B23.5%$213.92B
SONY¥12.48T+3.7%-¥326.87B-2.6%$156.19B
EMR$18.98B+5.4%$2.69B14.2%$91.65B
SN$7.26B-$844.85M11.6%$31.98B
OTIS$15.13B+5.8%$1.56B10.3%$29.51B
AOS$3.80B-0.7%$494.60M13.0%$8.68B
KN$666.10M+16.1%$71.70M10.8%$2.86B

TRNR FAQ

7 questions
  • What is TRNR revenue?
    Interactive Strength Inc. (TRNR) reported $20.74M of revenue for the twelve months ended Jun 30, 2026. That is up 197.5% from the year before. Revenue for fiscal 2025 was $11.53M.
  • Is TRNR profitable?
    No. Interactive Strength Inc. reported a net loss of $33.03M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does TRNR have?
    Interactive Strength Inc. reported $959.0K in cash and cash equivalents and $0 of debt on its most recent balance sheet in SEC filings.
  • How fast is TRNR revenue growing?
    Interactive Strength Inc.'s revenue changed +114.3% in fiscal 2025, to $11.53M.
  • What is TRNR gross margin?
    Interactive Strength Inc.'s gross profit was $6.23M on $20.74M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 30.1%.
  • When did TRNR last report financial results?
    The latest statements here come from Interactive Strength Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this TRNR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Interactive Strength Inc. files with the SEC. It is provided for information only and is not investment advice.