Interactive Strength Inc. Common Stock
NASDAQ: TRNR · CONSUMER CYCLICAL · PERSONAL SERVICES
Updated 2026-06-05
Interactive Strength Inc. Common Stock (TRNR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $0.00 | $323000.00 | $681000.00 | $962000.00 | $5.38M | $11.53M |
| Revenue growth (YoY) | — | — | +110.8% | +41.3% | +459.3% | +114.3% |
| Cost of revenue | $495000.00 | $5.17M | $9.55M | $6.49M | $8.16M | $10.62M |
| Gross profit | $-495000.00 | $-4.84M | $-8.87M | $-5.53M | $-2.78M | $913000.00 |
| Gross margin | — | -1499.1% | -1302.2% | -574.6% | -51.6% | 7.9% |
| R&D | $8.04M | $16.30M | $19.96M | $10.04M | $6.99M | $2.92M |
| SG&A | $6.60M | $9.44M | $19.30M | $37.28M | $18.34M | $15.59M |
| Operating income | $-16.54M | $-37.15M | $-54.34M | $-54.48M | $-29.18M | $-19.86M |
| Operating margin | — | -11500.3% | -7980.2% | -5663.2% | -542.5% | -172.2% |
| EBITDA | $-12.31M | $-29.71M | $-51.13M | $-43.26M | $-21.08M | $-9.01M |
| EBITDA margin | — | -9198.1% | -7508.2% | -4496.7% | -391.8% | -78.1% |
| EBIT | $-12.45M | $-31.90M | $-57.27M | $-49.86M | $-27.21M | $-12.19M |
| Interest expense | $257000.00 | $935000.00 | $952000.00 | $1.59M | $7.73M | $11.78M |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-11.18M | $-32.84M | $-58.23M | $-51.37M | $-34.93M | $-23.97M |
| Net income growth (YoY) | — | -193.7% | -77.3% | +11.8% | +32.0% | +31.4% |
| Profit margin | — | -10167.2% | -8549.9% | -5340.2% | -649.3% | -207.9% |
Frequently asked questions
What is Interactive Strength Inc. Common Stock's revenue?
Interactive Strength Inc. Common Stock's trailing twelve-month revenue is $15.31M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TRNR?
In its most recent fiscal year, TRNR ran a gross margin of 7.92%, an operating margin of -172.23%, and a net margin of -207.88%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TRNR generate?
TRNR produced $-10.50M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TRNR's balance sheet healthy?
TRNR holds $512000.00 in cash and equivalents against $4.53M in long-term debt, on $6.39M of shareholder equity. That debt is best read against the cash flow the business throws off each year.