Earnings summaries and quarterly performance for Interactive Strength.
Executive leadership at Interactive Strength.
Board of directors at Interactive Strength.
Research analysts covering Interactive Strength.
Recent press releases and 8-K filings for TRNR.
Interactive Strength, Inc. settles debt with DWF Ventures and Vertical Investors
TRNR
Debt Issuance
Unregistered Sales of Equity Securities
- Interactive Strength, Inc. (TRNR) entered a Final Netting Agreement with DWF Ventures Ltd. on December 9, 2025, following an event of default on DWF-held Notes, which led to DWF accelerating the Notes and triggering a Liquidation Event.
- As part of the DWF settlement, TRNR will deliver 82,972,910 Tokens and issue a $4.5 million Remainder Note to DWF as full payment for the remaining obligations. This Remainder Note is convertible into shares of Common Stock and matures one year from issuance.
- On December 8, 2025, TRNR also entered an Exchange Agreement with Vertical Investors, LLC, reducing an outstanding loan by $632,500 in exchange for 115,000 shares of Common Stock at $5.50 per share, with a new Note issued for the remaining $170,250.
- As of December 11, 2025, Interactive Strength, Inc. had 2,709,336 shares of Common Stock outstanding.
Dec 12, 2025, 9:30 PM
Interactive Strength Inc. Reports Q3 2025 Results, Reiterates Guidance, and Announces CFO Change
TRNR
Earnings
Guidance Update
M&A
- Interactive Strength Inc. (TRNR) reported record revenue of $4.8 million for the third quarter ended September 30, 2025, representing 139% year-over-year growth. The company also reported a net loss of $5.2 million and an Adjusted EBITDA loss of $2.9 million for the quarter.
- The Q3 2025 results include the Wattbike acquisition, which closed on July 1, but do not include Sportstech. If Sportstech had been included, TRNR's Q3 revenue would have been approximately $18 million.
- TRNR reiterated its full-year 2025 pro forma revenue guidance of more than $80 million and expects to achieve pro forma Adjusted EBITDA profitability in the fourth quarter.
- The Sportstech acquisition is expected to close in 2025 based on key closing milestones. Sportstech previously announced Q3 revenue of approximately $13 million and an LTM EBITDA margin of more than 10%.
- Caleb Morgret will succeed Mike Madigan as TRNR's new CFO, effective upon the filing of the Company's 10-Q.
Nov 14, 2025, 9:36 PM
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