INTERACTIVE STRENGTH INC. financials
Source: EDGAR filings · Built 2026-06-19T01:39:56Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 |
|---|---|---|---|---|
| Free Cash Flow | -10.50M | -14.81M | -15.43M | -36.12M |
| EBITDA | -16.68M | -23.06M | -47.95M | -48.20M |
| Working Capital | -16.58M | -18.66M | -16.18M | -14.35M |
| Net Debt | 9.47M | 11.61M | 10.21M | 6.60M |
| Gross Margin | 7.92% | -51.64% | -574.64% | -1302.20% |
| Operating Margin | -172.23% | -542.47% | -5663.20% | -7980.18% |
| Net Margin | -207.88% | -649.33% | -5340.23% | -8549.93% |
| Return on Equity (ROE) | -375.09% | -490.99% | 925.31% | 2130.44% |
| Return on Assets (ROA) | -51.17% | -102.24% | -305.76% | -238.17% |
| Current Ratio | 0.47× | 0.31× | 0.25× | 0.41× |
| Debt-to-Equity | 1.56× | 1.65× | -1.84× | -2.50× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.43× | 0.42× | 0.30× | 0.61× |
| Accruals Ratio | -0.29× | -0.59× | -2.14× | -0.93× |
| SBC % of Revenue | 26.70% | 190.56% | 3112.58% | 932.01% |
| CapEx Coverage | -110.73× | — | — | -61.60× |
| Free Cash Flow Per Share | $-75.27 | $-6924.73 | $-4989.33 | $-74.13 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 |
|---|---|---|---|---|
| Revenues | 11.53M | 5.38M | 962.00K | 681.00K |
| Cost of Revenue | 10.62M | 8.16M | 6.49M | 9.55M |
| Gross Profit | 913.00K | -2.78M | -5.53M | -8.87M |
| Research and Development Expense | 2.92M | 6.99M | 10.04M | 19.96M |
| Operating Expenses | 20.77M | 26.41M | 48.95M | 45.48M |
| Operating Income (Loss) | -19.86M | -29.18M | -54.48M | -54.34M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -23.97M | -34.93M | -51.37M | -58.23M |
| Earnings Per Share, Basic | $-171.77 | $-16328.50 | $-16614.85 | $-119.49 |
| Weighted Average Number of Shares Outstanding, Basic | 139,536 | 2,139 | 3,092 | 487,276 |
| Earnings Per Share, Diluted | $-171.77 | $-16328.50 | $-16614.85 | $-119.49 |
| Weighted Average Number of Shares Outstanding, Diluted | 139,536 | 2,139 | 3,092 | 487,276 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 512.00K | 138.00K | 0 | 226.00K |
| Assets, Current | 14.70M | 8.22M | 5.36M | 9.82M |
| Assets | 46.84M | 34.17M | 16.80M | 24.45M |
| Long-term Debt | — | 11.32M | 9.81M | — |
| Liabilities, Current | 31.29M | 26.88M | 21.53M | 24.17M |
| Long-term Debt, Excluding Current Maturities | — | — | 0 | — |
| Liabilities | 38.15M | 27.05M | 22.35M | 27.18M |
| Stockholders' Equity Attributable to Parent | 6.39M | 7.12M | -5.55M | -2.73M |
| Common Stock, Shares, Outstanding | 307,516 | 14,021 | 3,548 | 2.45M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 |
|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.41M | -14.81M | -15.43M | -35.55M |
| Payments to Acquire Property, Plant, and Equipment | 94.00K | 0 | 0 | 577.00K |
| Net Cash Provided by (Used in) Investing Activities | -53.74M | -1.68M | -1.42M | -7.61M |
| Net Cash Provided by (Used in) Financing Activities | 64.62M | 16.34M | 17.11M | 41.77M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -2.68M | — | — | — | -3.54M | — |
| EBITDA | -3.14M | -999.00K | — | — | -5.40M | -3.09M |
| Working Capital | -22.43M | -16.58M | -13.44M | -7.25M | -9.81M | -18.66M |
| Net Debt | 5.37M | 9.47M | 45.97M | 54.82M | 9.04M | 11.61M |
| Gross Margin | 31.30% | 14.11% | 17.13% | -15.91% | -22.42% | -17.21% |
| Operating Margin | -77.61% | -40.90% | -125.30% | -477.77% | -465.49% | -172.43% |
| Net Margin | -208.97% | -240.54% | -108.64% | -178.84% | -486.95% | -241.80% |
| Return on Equity (ROE) | -189.40% | -155.81% | -35.21% | -13.40% | -48.00% | -80.98% |
| Return on Assets (ROA) | -17.71% | -21.25% | -6.12% | -2.53% | -17.46% | -16.86% |
| Current Ratio | 0.39× | 0.47× | 0.56× | 0.67× | 0.54× | 0.31× |
| Debt-to-Equity | 1.78× | 1.56× | 3.15× | 3.40× | 0.82× | 1.65× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.24× | 0.23× | 1.56× | 2.63× | 0.54× | 1.02× |
| Accruals Ratio | -0.13× | -0.16× | 0.03× | 0.04× | -0.08× | 0.00× |
| SBC % of Revenue | 7.66% | -53.49% | 109.93% | 401.31% | 154.06% | 33.74% |
| CapEx Coverage | -26.67× | — | — | — | — | — |
| Free Cash Flow Per Share | $-2.56 | — | — | — | $-93.19 | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 5.14M | 4.14M | 4.82M | 1.22M | 1.36M | 2.38M |
| Cost of Revenue | 3.53M | 3.56M | 3.99M | 1.41M | 1.66M | 2.79M |
| Gross Profit | 1.61M | 584.00K | 825.00K | -194.00K | -304.00K | -410.00K |
| Research and Development Expense | 438.00K | 465.00K | 404.00K | 779.00K | 1.27M | 280.00K |
| Operating Expenses | 5.60M | 2.28M | 6.86M | 5.63M | 6.01M | 3.70M |
| Operating Income (Loss) | -3.99M | -1.69M | -6.03M | -5.82M | -6.31M | -4.11M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -10.74M | — | -5.23M | -2.18M | -6.60M | — |
| Earnings Per Share, Basic | $-10.24 | $-36.17 | $-3.11 | $-2.13 | $-173.58 | $135896.40 |
| Weighted Average Number of Shares Outstanding, Basic | 1.05M | 139,536 | 1.68M | 1.02M | 38,041 | 2,139 |
| Earnings Per Share, Diluted | $-10.24 | $-36.17 | $-3.11 | $-2.13 | $-173.58 | $135896.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.05M | 139,536 | 1.68M | 1.02M | 38,041 | 2,139 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 4.74M | 512.00K | 845.00K | 582.00K | 2.21M | 138.00K |
| Assets, Current | 14.05M | 14.70M | 17.37M | 14.96M | 11.44M | 8.22M |
| Assets | 60.64M | 46.84M | 85.44M | 86.24M | 37.82M | 34.17M |
| Long-term Debt | — | — | 46.43M | 55.13M | 10.90M | 11.32M |
| Liabilities, Current | 36.48M | 31.29M | 30.81M | 22.21M | 21.26M | 26.88M |
| Liabilities | 52.67M | 38.15M | 67.98M | 69.97M | 24.06M | 27.05M |
| Stockholders' Equity Attributable to Parent | 5.67M | 6.39M | 14.86M | 16.27M | 13.76M | 7.12M |
| Common Stock, Shares, Outstanding | 2.06M | 307,516 | 2.08M | 1.41M | 7.95M | 14,021 |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -2.59M | -2.25M | -8.16M | -5.74M | -3.54M | -5.90M |
| Payments to Acquire Property, Plant, and Equipment | 97.00K | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Investing Activities | 4.15M | -247.00K | -53.49M | -50.97M | -2.19M | -268.00K |
| Net Cash Provided by (Used in) Financing Activities | 2.71M | 2.37M | 62.25M | 59.30M | 7.77M | 3.39M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TRNR CIK 0001785056),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.