Interactive Strength Inc. Stock Price, News & Analysis

Interactive Strength (Nasdaq: TRNR) has scheduled its Q2 2025 financial results release for August 14, 2025, before market opening. The company, which manufactures specialty fitness equipment under the CLMBR, FORME, and Wattbike brands, will publish a shareholder letter discussing results and business outlook following its Form 10-Q filing.

Management will provide updates on two significant developments: the pending Sportstech acquisition and the company's Digital Asset Treasury Strategy, which includes the purchase of $FET tokens.

Interactive Strength (NASDAQ:TRNR), a specialty fitness equipment manufacturer known for its CLMBR and FORME brands, has updated its investor FAQs on its corporate website. The update addresses shareholder inquiries regarding the company's AGM date and other corporate matters, particularly focusing on the company's pending acquisitions of Sportstech and Wattbike.

Detailed information about the acquisitions' rationale and structure can be found in TRNR's investor presentation and SEC filings available on the company's investor website.

Interactive Strength (Nasdaq:TRNR), a specialty fitness equipment manufacturer, has received a "Buy" rating and $15 price target from Maxim Group LLC. The first comprehensive sell-side report highlights TRNR's growth potential through its specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy.

The analysis projects revenue growth from $5.4M in 2024 to $105M in 2026, driven by the Wattbike acquisition and pending Sportstech purchase. The $15 price target represents approximately 130% upside from the July 8th, 2025 closing price. Key catalysts include Sportstech closing, international expansion, new partnerships, and corporate wellness offerings.

Interactive Strength (Nasdaq: TRNR) has completed its all-stock acquisition of Wattbike, a leading indoor performance training bike manufacturer that has sold over 100,000 bikes. The acquisition follows approval from the UK Financial Conduct Authority and marks a significant milestone in TRNR's transformational strategy.

The company projects over $75 million in pro forma 2025 revenue and expects to achieve profitability in Q4 2025. This guidance includes the impact of both the Wattbike acquisition and the pending Sportstech acquisition, which is scheduled to close in Q3 2025. The deal creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR), and digital strength (FORME).

Additionally, TRNR has established a $55 million Digital Asset Treasury that is actively purchasing $FET cryptocurrency. The company plans to leverage Wattbike's performance training dataset for AI-focused training experiences developed with Fetch.ai, supported by an announced up to $500 million $FET Digital Asset Treasury strategy.

Interactive Strength (Nasdaq:TRNR) has announced a 1-for-10 reverse stock split effective June 27, 2025. The split will reduce outstanding shares from 13.9 million to approximately 1.4 million. This strategic move aims to maintain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.

The reverse split was approved by stockholders on March 11, 2025, with the final ratio approved by the Board on May 6, 2025. Proportionate adjustments will be made to preferred stock, equity awards, warrants, and equity incentive plans. No fractional shares will be issued, and affected stockholders will receive cash compensation for fractional shares.

Interactive Strength (NASDAQ:TRNR) has received UK Financial Conduct Authority approval for its planned acquisition of Wattbike, a UK-based connected indoor-performance bike company. The acquisition is expected to close in July 2025 through an all-stock transaction with an earn-out component. Wattbike, which generated over $15 million in revenue in 2024, has a strong presence in elite sports, including Olympic teams and Premier League clubs. The acquisition aims to expand TRNR's global fitness market presence, particularly in the UK, US, and Germany. The deal is expected to be immediately accretive to TRNR's results, leveraging TRNR's Nasdaq listing, distribution network, and marketing capabilities to accelerate Wattbike's consumer and commercial expansion.

Interactive Strength Inc. (TRNR) has closed a $55 million initial investment as part of its crypto treasury strategy and has begun acquiring $FET tokens in the open market. The investment came from private equity firm ATW Partners and crypto market maker DWF Labs, marking the first phase of a larger $500 million facility. TRNR, known for its CLMBR and FORME fitness equipment brands, is purchasing $FET, a top-50 cryptocurrency and top-5 AI-focused token by market cap. The company's acquisitions are being conducted through BitGo custodian and are expected to result in TRNR holding the largest publicly listed crypto treasury focused on an AI-token in the US.

Interactive Strength Inc. (NASDAQ:TRNR), known for its CLMBR and FORME fitness equipment brands, has updated its investor FAQs regarding its recently announced $500M AI-focused $FET Treasury strategy. The company, which is in the process of acquiring Sportstech and Wattbike, directs interested parties to review their investor presentation and SEC filings for detailed information about the acquisition's structure and rationale. The announcement provides minimal details about the treasury strategy itself, focusing instead on directing investors to existing documentation.

Interactive Strength (TRNR) has secured a $500 million facility to acquire $FET tokens, with an initial $55 million investment from ATW Partners and DWF Labs. This strategic move positions TRNR to become the largest US publicly listed company with a crypto treasury focused on an AI token. The company will collaborate with Fetch.ai, leveraging their decentralized LLM and AI technology to enhance TRNR's digital fitness services. Fetch.ai's platform specializes in autonomous AI agents that can interact and transact in real-time across various industries. The investment complements TRNR's pending acquisitions of Sportstech and Wattbike, demonstrating strong institutional support for their combined strategy of crypto treasury assets and acquisitions. BitGo will provide trading and custody services for TRNR's $FET holdings. $FET is currently ranked as a top-50 cryptocurrency and top-5 AI-focused cryptocurrency by market capitalization.