TRNR Provides Shareholder Update on Sportstech Process & Operating Strategy

Interactive Strength (Nasdaq:TRNR) published a shareholder letter on January 7, 2026 updating investors about the Sportstech loan and acquisition process, and providing context on its improved operating scale and near-term plans.

Rhea-AI Summary

Interactive Strength (Nasdaq:TRNR) published a shareholder letter on January 7, 2026 updating investors about the Sportstech loan and acquisition process, and providing context on its improved operating scale and near-term plans. Shareholders are invited to sign up for email updates at the company website and can contact investor relations at ir@interactivestrength.com.

Argus Jan 7 session

+4.59% close to close Open Argus

Details

News Market Reaction – TRNR

In the Jan 7 session, TRNR gained 4.59%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends TRNR’s communication around the Sportstech loan, acquisition process, and ...

Analysis

This announcement extends TRNR’s communication around the Sportstech loan, acquisition process, and operating strategy. It follows prior disclosures of record Q3 2025 revenue of $4.8M, Sportstech Q3 revenue of >$13M, and reiterated $80M+ 2025 pro forma revenue guidance. Investors evaluating this update may focus on how Sportstech integration, existing convertible note obligations, and the active S-3/A shelf interact with TRNR’s efforts to scale Wattbike, CLMBR, and FORME.

Key Figures

Q3 2025 revenue: $4.8 million Q3 2025 net loss: $5.2 million 2025 pro forma revenue guidance: $80M+ +5 more

Q3 2025 revenue

$4.8 million

Record Q3 2025 results vs $2.0 million a year ago

Q3 2025 net loss

$5.2 million

Net loss in Q3 2025, improving from $7.1 million in Q3 2024

2025 pro forma revenue guidance

$80M+

Reiterated 2025 pro forma revenue guidance tied to Sportstech acquisition

Sportstech Q3 revenue

>$13 million

Q3 2025 Sportstech revenue with 24% YoY growth and >10% EBITDA margin

New senior secured convertible note

$260,000

Principal amount maturing on December 17, 2026

Remainder Note

$4.5 million

Token-linked Remainder Note maturing one year after December 12, 2025

Convertible notes payable

$32.36 million

Non‑current convertible notes on balance sheet at Q3 2025

Cash and cash equivalents

$0.8 million

Quarter-end cash balance as of Q3 2025

Historical Context

5 past events · Latest: Dec 29

5 events

1. Dec 29

   Sportstech update

   24h Move

   -16.4%

   Update on Sportstech transaction progress and related details.

2. Dec 11

   Product order win

   24h Move

   -6.1%

   New >$200k Wattbike order from Fitness First Germany for 85 units.

3. Nov 21

   Investor FAQ update

   24h Move

   +0.5%

   Updated FAQs addressing Q3 letter, Sportstech deal, and $80M+ revenue outlook.

4. Nov 14

   Q3 earnings, guidance

   24h Move

   -6.2%

   Record Q3 revenue, reiterated $80M+ 2025 guidance, Sportstech-driven growth plan.

5. Nov 05

   Sportstech performance

   24h Move

   +4.0%

   Sportstech Q3 revenue >$13M with 24% YoY growth and >10% EBITDA margin.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Jargon Translator

convertible note

A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.

preferred stock

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

reverse split

A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.

staking

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

warrants

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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AUSTIN, TEXAS / ACCESS Newswire / January 7, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced that it has published a shareholder letter updating investors with respect to the Sportstech loan and acquisition process and providing additional context about its improved operating scale and near-term plans.

Shareholders may also visit www.interactivestrength.com and sign up to receive email updates directly from the Company as new information becomes available.

TRNR Investor Contact
ir@interactivestrength.com

About Interactive Strength Inc.:

Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.

Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.

CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.

FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.

From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.

Forward Looking Statements:

This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of closing the Sportstech acquisition on the same terms or at all, the collectability of the working capital loan, the enforcement of credit remedies such as the personal guarantee of the Sportstech CEO or the security on his shares, the possibility of acquiring Sportstech in a foreclosure auction at an attractive valuation or at all. The reader is cautioned not to rely on these forward-looking statements, and these statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to acquisitions, sales, financing, litigation or other corporate actions and behaviors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

# # #

SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Interactive Strength (TRNR) announce on January 7, 2026 about Sportstech?

The company published a shareholder letter updating investors on the Sportstech loan and acquisition process and its operating strategy.

How can TRNR shareholders receive further updates after the January 7, 2026 letter?

Shareholders can sign up for email updates at www.interactivestrength.com or contact ir@interactivestrength.com.

Does the January 7, 2026 TRNR letter include financial figures or timelines for the Sportstech deal?

The announcement does not disclose specific financial figures or a detailed timeline.

Which brands does Interactive Strength say it makes in the January 7, 2026 update?

The company identifies the Wattbike, CLMBR, and FORME brands.

Where was the TRNR shareholder update published on January 7, 2026?

The update was published as a shareholder letter and made available through the company's investor communications channels.

Who should investors contact at TRNR for questions about the Sportstech process?

Investors can contact the company investor relations at ir@interactivestrength.com.