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Interactive Strength, Inc.

TRNR Clue Score45
United States Fiscal year ends December CIK 0001785056
$2.09 -0.48% Close, 9 Oct 2026
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Price $2.09 +77.12% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Apr 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue0.7Operating income−54.3Net income−58.2EPS, diluted−119.49Fiscal year 2023Revenue1.0 +41.3%Operating income−54.5Net income−51.4EPS, diluted−16,614.85Fiscal year 2024Revenue5.4 +459.3%Operating income−29.2Net income−34.9EPS, diluted−16,328.50Fiscal year 2025Revenue11.5 +114.3%Operating income−19.9Net income−24.0EPS, diluted−171.77
FY2022FY2023FY2024FY2025
Revenue 0.7 1.0 5.4 11.5
Growth +41.3% +459.3% +114.3%
Operating income −54.3 −54.5 −29.2 −19.9
Net income −58.2 −51.4 −34.9 −24.0
Growth
EPS, diluted −119.49 −16,614.85 −16,328.50 −171.77

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin−1,302.2%Operating margin−7,980.2%Net margin−8,549.9%Free cash flow margin−5,304.3%Fiscal year 2023Gross margin−574.6%Operating margin−5,663.2%Net margin−5,340.2%Free cash flow margin−1,603.6%Fiscal year 2024Gross margin−51.6%Operating margin−542.5%Net margin−649.3%Free cash flow margin−275.3%Fiscal year 2025Gross margin7.9%Operating margin−172.2%Net margin−207.9%Free cash flow margin−91.1%
FY2022FY2023FY2024FY2025
Gross margin −1,302.2% −574.6% −51.6% 7.9%
Operating margin −7,980.2% −5,663.2% −542.5% −172.2%
Net margin −8,549.9% −5,340.2% −649.3% −207.9%
Free cash flow margin −5,304.3% −1,603.6% −275.3% −91.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−35.5Capital expenditure−0.6Free cash flow−36.1Fiscal year 2023Operating cash flow−15.4Capital expenditure0.0Free cash flow−15.4Fiscal year 2024Operating cash flow−14.8Capital expenditure0.0Free cash flow−14.8Fiscal year 2025Operating cash flow−10.4Capital expenditure−0.1Free cash flow−10.5
FY2022FY2023FY2024FY2025
Operating cash flow −35.5 −15.4 −14.8 −10.4
Capital expenditure −0.6 0.0 0.0 −0.1
Free cash flow −36.1 −15.4 −14.8 −10.5
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.2Shareholders’ equity−2.7Fiscal year 2023Cash0.0Total debt9.9Net cash (debt)−9.9Shareholders’ equity−5.6Fiscal year 2024Cash0.1Total debt11.3Net cash (debt)−11.2Shareholders’ equity7.1Debt to equity1.59Fiscal year 2025Cash0.5Shareholders’ equity6.4
FY2022FY2023FY2024FY2025
Cash 0.2 0.0 0.1 0.5
Total debt n/a 9.9 11.3 n/a
Net cash (debt) n/a −9.9 −11.2 n/a
Shareholders’ equity −2.7 −5.6 7.1 6.4
Debt to equity n/a n/a 1.59 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Assets
0.2 0.0 0.1 0.5
0.0 0.0 1.4 2.6
4.6 5.5 6.7 7.3
1.3 0.4 0.1 0.4
n/a 0.0 13.2 15.5
24.4 16.8 34.2 46.8
Growth −31.3% +103.4% +37.1%
Liabilities
n/a 9.9 n/a n/a
n/a 0.0 11.3 n/a
calc n/a 9.9 11.3 n/a
27.2 22.4 27.1 38.1
Equity
−115.5 −166.9 −202.6 −227.5
−2.7 −5.6 7.1 6.4
Growth −10.2%
Per share and net cash
calc n/a −9.9 −11.2 n/a
2.5 0.0 0.0 0.3
calc −1.12 −1,564.83 507.45 20.78

† The diluted share count jumps at 2023 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.