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TRNR Provides Shareholder Update on Sportstech Process & Operating Strategy

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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.

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Negative

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News Market Reaction 8 Alerts

+4.59% News Effect
+8.2% Peak Tracked
-12.5% Trough Tracked
+$167K Valuation Impact
$4M Market Cap
1.1x Rel. Volume

On the day this news was published, TRNR gained 4.59%, reflecting a moderate positive market reaction. Argus tracked a peak move of +8.2% during that session. Argus tracked a trough of -12.5% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $167K to the company's valuation, bringing the market cap to $4M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

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

Market Reality Check

$1.00 Last Close
Volume Volume 353,307 is 3.11x the 20-day average of 113,783, indicating elevated trading interest ahead of this update. high
Technical Shares at $1.09 are 97.25% below the 52-week high of $39.60 and trading below the 200-day MA of $5.19.

Peers on Argus

TRNR gained 16.93% while key peers were mixed: MRM -5.48%, IVP -14.4%, EJH -0.8%, versus modest gains in CLIK +0.95% and YYGH +1.86%, pointing to a stock-specific move rather than a broad sector trend.

Historical Context

Date Event Sentiment Move Catalyst
Dec 29 Sportstech update Positive -16.4% Update on Sportstech transaction progress and related details.
Dec 11 Product order win Positive -6.1% New >$200k Wattbike order from Fitness First Germany for 85 units.
Nov 21 Investor FAQ update Positive +0.5% Updated FAQs addressing Q3 letter, Sportstech deal, and $80M+ revenue outlook.
Nov 14 Q3 earnings, guidance Positive -6.2% Record Q3 revenue, reiterated $80M+ 2025 guidance, Sportstech-driven growth plan.
Nov 05 Sportstech performance Positive +4.0% Sportstech Q3 revenue >$13M with 24% YoY growth and >10% EBITDA margin.
Pattern Detected

Recent positive operational and Sportstech-related updates often saw negative or muted price reactions, indicating a tendency for the stock to sell off or respond modestly even to constructive news.

Recent Company History

Over the last few months, TRNR focused heavily on the pending Sportstech acquisition and scaling its fitness brands. On Nov 5, it highlighted Sportstech Q3 revenue of >$13M and stronger EBITDA, followed by record Q3 2025 results on Nov 14 with $4.8M revenue and reiterated $80M+ 2025 pro forma guidance. Subsequent communications on Q3 shareholder materials, new Wattbike orders, and Sportstech transaction updates saw mixed to negative price reactions. Today’s shareholder letter continues that Sportstech-focused communication trajectory and operating strategy narrative.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-10-02

TRNR has an active S-3/A shelf filed on 2025-10-02. The filing emphasizes a strategic allocation of treasury assets into FET tokens held with BitGo, along with standard provisions on reserved shares, convertible preferred stock, and governance. The shelf is marked as not yet effective with 0 recorded usages, so no takedowns have been disclosed in this context.

Market Pulse Summary

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.

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. Not financial advice.

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.

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SOURCE: Interactive Strength Inc.



View the original press release on ACCESS Newswire

FAQ

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.
Interactive Strength Inc.

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3.06M
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4.58%
Personal Services
Electronic & Other Electrical Equipment (no Computer Equip)
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United States
AUSTIN