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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; indoor bikes that set the global standard in cycling under the Wattbike brand name; 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. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Interactive Strength Inc. (NASDAQ: TRNR) are limited, and available sources do not clearly describe its core operations. If the company operates in connected or digital fitness, secular adoption of at-home training and subscription models could support long-term growth; investors should monitor filings and company reports for confirmation.
The main risks are limited public reporting and operating history, possible low liquidity and high share volatility, and execution and financing risk until audited disclosures and revenue traction are demonstrated.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Net income | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Selling general administrative | 15.59M | 18.34M | 37.28M | 19.30M | 9.44M |
| Selling and marketing expenses | 2.27M | 1.08M | 1.63M | 6.22M | 6.57M |
| Gross profit | 0.91M | -2.78M | -5.53M | -8.87M | -4.84M |
| Reconciled depreciation | 3.18M | 6.13M | 7.00M | 6.73M | 2.19M |
| Ebit | -12.19M | -27.21M | -49.86M | -58.27M | -31.90M |
| Ebitda | -9.01M | -21.08M | -43.26M | -51.54M | -29.71M |
| Depreciation and amortization | 3.18M | 6.13M | 6.61M | 6.73M | 2.19M |
| Operating income | -19.86M | -29.18M | -54.48M | -54.34M | -37.15M |
| Other operating expenses | 31.39M | 34.56M | 55.44M | 55.03M | 37.47M |
| Interest expense | 11.78M | 7.73M | 1.59M | 0.95M | 0.94M |
| Tax provision | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 1.55M | 0.00M | - | - | - |
| Net interest income | -10.23M | -7.73M | -1.59M | -0.95M | -0.94M |
| Income tax expense | - | -34.93M | 1.59M | -2.98M | 0.00M |
| Total revenue | 11.53M | 5.38M | 0.96M | 0.68M | 0.32M |
| Total operating expenses | 20.77M | 26.41M | 48.95M | 45.48M | 32.30M |
| Cost of revenue | 10.62M | 8.16M | 6.49M | 9.55M | 5.17M |
| Total other income expense net | -4.11M | -5.75M | 3.11M | -2.93M | 5.25M |
| Net income from continuing ops | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Net income applicable to common shares | - | - | - | -58.23M | -32.84M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 46.84M | 34.17M | 16.80M | 24.45M | 22.07M |
| Intangible assets | 7.86M | 6.11M | 5.15M | 10.84M | 11.01M |
| Other current assets | 0.96M | 2.44M | 2.75M | 4.28M | 5.11M |
| Total liab | 40.45M | 27.05M | 22.35M | 27.18M | 12.00M |
| Total stockholder equity | 6.39M | 7.12M | -5.55M | -2.73M | 10.07M |
| Deferred long term liab | - | - | - | 6.74M | 6.10M |
| Other current liab | 5.07M | 4.05M | 0.99M | 5.31M | 2.42M |
| Common stock | - | 0.01M | 0.01M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.01M | 0.01M | 0.00M | 29.74M |
| Retained earnings | -227.54M | -202.59M | -166.91M | -115.54M | -57.31M |
| Other liab | - | - | - | 3.00M | - |
| Good will | 15.54M | 13.22M | - | - | - |
| Other assets | - | - | - | 6.75M | 6.11M |
| Cash | 0.51M | 0.14M | -0.28M | 0.23M | 1.70M |
| Total current liabilities | 31.29M | 26.88M | 21.53M | 24.17M | 11.48M |
| Current deferred revenue | 1.33M | 0.08M | 0.12M | 0.03M | 0.01M |
| Net debt | 20.09M | 11.61M | 10.37M | 10.87M | 5.75M |
| Short term debt | 15.89M | 11.58M | 9.86M | 11.08M | 6.93M |
| Short long term debt | 15.74M | 11.32M | 9.81M | 10.98M | 6.93M |
| Short long term debt total | 20.60M | 11.75M | 10.09M | 11.09M | 7.45M |
| Other stockholder equity | 233.82M | 209.51M | 161.25M | 112.44M | 75.61M |
| Property plant equipment | - | - | - | 1.44M | 2.19M |
| Total current assets | 14.70M | 8.22M | 5.36M | 9.82M | 8.86M |
| Net tangible assets | - | - | - | -9.17M | -24.58M |
| Net receivables | 9.48M | 1.86M | 0.54M | 0.75M | -0.01M |
| Long term debt | 4.53M | - | - | - | 0.52M |
| Inventory | 3.75M | 3.87M | 2.61M | 4.57M | 2.06M |
| Accounts payable | 8.98M | 11.17M | 10.56M | 7.74M | 2.11M |
| Accumulated other comprehensive income | 0.11M | 0.18M | 0.10M | 0.36M | -0.16M |
| Non currrent assets other | 8.04M | 6.09M | 5.57M | 2.35M | 0.01M |
| Non current assets total | 32.14M | 25.95M | 11.45M | 14.62M | 13.21M |
| Capital lease obligations | 0.33M | 0.43M | 0.28M | 0.12M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -1.68M | -0.55M | -7.61M | -12.36M |
| Change to liabilities | - | - | - | 3.94M | -1.17M |
| Total cashflows from investing activities | -53.74M | -1.68M | -1.42M | -7.61M | -12.36M |
| Net borrowings | 63.88M | 3.22M | 4.39M | 9.14M | 17.83M |
| Total cash from financing activities | 64.62M | 16.34M | 17.11M | 41.77M | 52.45M |
| Change to operating activities | - | - | - | 0.99M | -1.55M |
| Net income | -23.97M | -34.93M | -51.37M | -58.23M | -32.84M |
| Change in cash | 0.37M | 0.14M | -0.23M | -1.47M | 1.69M |
| Begin period cash flow | 0.14M | 0.00M | 0.23M | 1.70M | 0.01M |
| End period cash flow | 0.51M | 0.14M | 0.00M | 0.23M | 1.70M |
| Total cash from operating activities | -10.41M | -14.81M | -15.43M | -35.55M | -38.26M |
| Issuance of capital stock | 1.59M | 13.28M | 15.63M | 32.62M | 34.58M |
| Depreciation | 0.17M | 6.13M | 6.53M | 6.73M | 2.19M |
| Other cashflows from investing activities | -53.19M | -0.21M | - | - | - |
| Change to inventory | 1.80M | 1.57M | -1.79M | -2.44M | -3.41M |
| Change to account receivables | 0.57M | -2.05M | -0.00M | 0.99M | -1.55M |
| Other cashflows from financing activities | -0.95M | -0.16M | -2.35M | 40.54M | 50.24M |
| Change to netincome | - | - | - | 13.46M | -1.48M |
| Capital expenditures | 0.09M | 0.21M | 1.42M | 7.61M | 12.36M |
| Change in working capital | 3.06M | -1.52M | 0.70M | 2.49M | -6.12M |
| Stock based compensation | 3.08M | 10.25M | 29.94M | 6.35M | 1.16M |
| Other non cash items | 7.25M | 5.26M | -1.22M | 7.11M | -2.65M |
| Free cash flow | -10.50M | -15.02M | -16.85M | -43.15M | -50.62M |
Sector: Consumer Cyclical Industry: Personal Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TRNR Interactive Strength Inc. Common Stock |
-0.21 13.21% |
1.38 | - | - | 0.19 | 3.90 | 1.30 | -0.23 |
| ROL Rollins Inc |
1.33 3.69% |
37.36 | 32.16 | 27.78 | 4.14 | 11.88 | 4.59 | 20.86 |
| SCI Service Corporation International |
-2.50 3.22% |
75.16 | 21.26 | 17.61 | 2.53 | 7.21 | 3.69 | 12.18 |
| ANDG Andersen Group Inc. |
-0.14 0.21% |
65.68 | 126.07 | - | 6.71 | - | 7.24 | - |
| HRB H&R Block Inc |
- -% |
53.14 | 8.06 | 7.26 | 1.43 | 47.99 | 1.72 | 6.42 |
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; indoor bikes that set the global standard in cycling under the Wattbike brand name; 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. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.
1005 Congress Avenue, Austin, TX, United States, 78701
512 885 0035
72
| Name | Title | Year Born |
|---|---|---|
| Mr. Trent A. Ward | Co-Founder, Chairperson, CEO & Secretary | 1982 |
| Mr. Michael J. Madigan CPA | Chief Financial Officer | 1978 |
| Mr. Ben Bartlett | President | NA |
| Mr. Deepak M. Mulchandani | CTO & Director | 1972 |
| Mr. Trent Alexander Ward | Co-Founder, Chairperson, CEO & Secretary | 1981 |
| Mr. Benjamin Bartlett | President & COO | 1989 |
| Mr. Caleb G. Morgret C.F.A. | CFO & Principal Accounting Officer | 1978 |
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