# Interactive Strength Inc. (TRNR)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $80,958.79  
**Price:** $0.58 (-5.81%)

> Interactive Strength Inc. is a fitness technology company that develops and markets specialty fitness equipment and digital training solutions for commercial and at-home use across the United States, Europe, and Asia. The company owns the Wattbike, CLMBR, and FORME brands, integrating advanced hardware with connected software and immersive content. Wattbike focuses on high-performance indoor cycling with detailed performance tracking for athletes and training facilities. CLMBR offers vertical climbing machines featuring large touch displays and instructor-led classes that deliver full-body strength and cardio workouts to both consumers and businesses such as gyms, hotels, and physical therapy centers. FORME provides wall-mounted smart fitness systems, including the Studio and Studio Lift, combining fitness mirrors with digital resistance and access to video-on-demand classes, personalized programs, live 1:1 training, and broader health coaching. Founded in 2017 and headquartered in Austin, Texas, Interactive Strength Inc. positions itself as a provider of premium, data-driven training solutions to athletes, fitness enthusiasts, and professional operators.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $12M | $913,000 | -$20M | -$24M | $-171.77 |
| 2024 | $5M | -$3M | -$29M | -$35M | $-16328.50 |
| 2023 | $962,000 | -$6M | -$54M | -$51M | $-16614.85 |
| 2022 | $681,000 | -$9M | -$54M | -$58M | $-119.49 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $47M | $38M | $6M | $512,000 | — |
| 2024 | $34M | $27M | $7M | $138,000 | $11M |
| 2023 | $17M | $22M | -$6M | — | $10M |
| 2022 | $24M | $27M | -$3M | $226,000 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$10M | $94,000 | -$11M |
| 2024 | -$15M | — | -$15M |
| 2023 | -$15M | — | -$15M |
| 2022 | -$36M | $577,000 | -$36M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TRNR)