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TRNR · NASDAQ · Specialty Retail

Interactive Strength (TRNR)

Connected fitness equipment and digital training across four specialty brands.

$2.95
vs last close+0.15 (+5.35%)
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Interactive Strength Inc.TRNR
Consumer Discretionary

Sells connected fitness equipment, memberships, and coaching across the Wattbike, Ergatta, CLMBR, and FORME brands for home and commercial customers. Revenue is primarily hardware-led, with recurring services tied to equipment ownership and retention.

Builds and sells connected fitness equipment and digital services through Wattbike, Ergatta, CLMBR, and FORME. The portfolio includes performance indoor bikes, gamified rowing, vertical climbers, smart mirrors, cable-resistance strength systems, memberships, and personal coaching for home and commercial customers.

Reaches home users and commercial channels such as distributors, gyms, hotels, universities, athletic centers, and rehabilitation settings, with operations spanning the United States, Europe, Asia, and other markets. Operates through differentiated brands and a hardware-led model that combines equipment sales with memberships and training where applicable.

Depends on Wattbike's commercial relationships and UK distribution network, third-party suppliers and manufacturers, month-to-month memberships tied to equipment sales, and capital to fund operations and acquisitions.

Company facts

CEOTrent A. Ward
ListedApr 28, 2023
ExchangeNASDAQ
HeadquartersAustin, TX
CountryUnited States
Employees72
CIK0001785056
ISINUS45840Y6095

Market cap$1.4M
EPS (ttm)−$94.85
P/E (ttm)−0.0295
ROE-375.7%
P/B0.4307
P/S0.0694
Dividend yieldDiv yield
Beta1.47vs XLY 0.50

No analyst consensus on record.

Next report
Nov 12, 26
estimated · in 51 days
EPS estimate
−$11.44
Revenue estimate
$6.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported−$50.84−$12.18−$1.49−$2.18−$3.82−$0.72−$17.37Pending
Estimate−$13.24−$3.43−$2.12−$2.19−$19.67−$11.44
Surprise+88.7%+36.5%−80.3%+67.2%+11.7%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported$2.4M$1.4M$1.2M$4.8M$4.1M$5.1M$6.6MPending
Estimate$1.4M$12.0M$4.5M$4.6M$8.0M$6.6M
Surprise−10.1%−59.9%−8.0%+10.8%−17.5%
Estimate−$11.44
ReportedDue Nov 12, 2026
Estimate$6.6M
ReportedDue Nov 12, 2026
View details

Debt to equity646.70%
Current ratio20.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.0M$2.4M$1.4M$1.2M$4.8M$4.1M$5.1M$6.6M
Net income−$7.1M−$5.8M−$6.6M−$2.2M−$5.2M−$10.0M−$10.7M−$7.1M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$7.8M−$4.1M−$6.3M−$5.8M−$6.0M−$1.7M−$4.0M−$3.4M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $959.0K · Total debt $21.6M · Total assets $56.5M · Shareholders' equity $3.3M

Revenue
$6.6M
Operating income
−$3.4M
Net income
−$7.1M
View details

No dividends on record.

Institutions1.67%8.6K shares
6 holders · as of Mar 31, 2026
Insiders95.01%488.7K shares
2 holders · as of Sep 16, 2026
Other3.32%17.1K shares
remainder

514.4K company shares as of Sep 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (1.62M in the company's Sep 22, 2026 report, 514.4K elsewhere); stakes use the report.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Thomas Barclay AuletInsider10 percent owner
48.92%251,627filed Sep 16, 2026
Alessandra Schaer GotbaumInsider10 percent owner
46.09%237,092filed Sep 16, 2026
Geode Capital Management, LLCInstitution
0.89%32,190as of Mar 31, 2026
UBS Group AGInstitution
0.77%27,784as of Mar 31, 2026
Vanguard Fiduciary Trust CoInstitution
0.01%284as of Mar 31, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Peloton

    Broad connected-fitness overlap in bikes, rowing, strength, content, and B2B.

  • Garmin

    Performance cycling hardware and data alternatives for serious indoor riders.

Compare

CompanyPriceChange
Interactive Strength$2.95+5.35%$1.4M0.1+441.4%
Peloton$5.03+1.52%$2.06B38.014.50.8+0.1%
Garmin$282.93+0.93%$54.04B28.927.57.0+11.4%
Median33.521.03.9+5.8%