TRNR Publishes Shareholder Letter Updating 2025 Guidance; Highlights Wattbike Air-Pro Commercial Traction, Sportstech Enforcement Update
Rhea-AI Summary
Interactive Strength (Nasdaq:TRNR) provided a shareholder letter updating preliminary Q4 and full‑year 2025 guidance, commercial traction for Wattbike Air‑Pro, and enforcement activity involving Sportstech.
Key points: Q4 2025 revenue expected to exceed $4.5M (~100% YoY) and 2025 pro forma revenue expected to exceed $20M (nearly 4x 2024). Since the July 2025 acquisition, Wattbike Air‑Pro sold 700+ units generating ~ $2.5M in UK commercial revenue with 25–35% higher utilization vs legacy models. TRNR is pursuing litigation and a public auction of pledged Sportstech shares; Sportstech acknowledges $5M principal but disputes other elements of a reported $6.6M balance.
Positive
- Q4 2025 revenue expected >$4.5M (~100% YoY)
- 2025 pro forma revenue expected >$20M (nearly 4x 2024)
- Wattbike Air‑Pro sold 700+ units since July 2025 (~$2.5M UK commercial revenue)
- Wattbike commercial utilization +25–35% versus legacy models
Negative
- Sportstech dispute leaves $6.6M balance partly contested despite $5M principal acknowledgement
- Enforcement and auction process introduces timing and recovery uncertainty (auction could occur in February)
- Reported revenue figures are preliminary and unaudited, subject to change
News Market Reaction
On the day this news was published, TRNR gained 10.46%, reflecting a significant positive market reaction. Argus tracked a peak move of +67.8% during that session. Argus tracked a trough of -23.8% from its starting point during tracking. Our momentum scanner triggered 51 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $444K to the company's valuation, bringing the market cap to $5M at that time. Trading volume was exceptionally heavy at 427.1x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TRNR was down 5.12% while key peers showed mixed moves: IVP was down 6.19% (and -7.60% in momentum data), MRM, CLIK, and EJH were modestly negative, and YYGH was up 3.68%, pointing to stock-specific pressure rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | Shareholder update | Positive | +4.6% | Sportstech loan and acquisition process plus improved operating scale overview. |
| Dec 29 | Sportstech update | Neutral | -16.4% | Progress update on Sportstech transaction and related process details. |
| Dec 11 | Commercial order win | Positive | -6.1% | New >$200k Wattbike AIR-PRO order from Fitness First Germany. |
| Nov 21 | Investor FAQ update | Positive | +0.5% | Updated FAQs and highlighted Q3 letter and pro forma $80M+ revenue expectations. |
| Nov 14 | Earnings & guidance | Neutral | -6.2% | Record Q3 revenue with significant losses and reiterated $80M+ 2025 guidance. |
Recent positive operational and transaction updates have often seen mixed or negative next-day reactions, suggesting a pattern where upbeat news has not consistently translated into sustained price strength.
Over the last few months, TRNR has highlighted rapid growth and strategic transactions. On Nov 14, 2025, it reported record Q3 2025 revenue of $4.8M with significant losses and reiterated $80M+ 2025 pro forma guidance tied to the Sportstech acquisition. Subsequent updates in November and December focused on Sportstech and Wattbike orders, with share price reactions often negative. A Jan 7, 2026 shareholder letter on Sportstech and operating scale drew a modestly positive move, framing today’s guidance and enforcement update within an ongoing turnaround and integration narrative.
Regulatory & Risk Context
An effective shelf registration on Form S-3/A dated Oct 2, 2025 references a strategic allocation to FET tokens and standard securities provisions, indicating the company has a framework in place for potential future capital markets activity under that shelf.
Market Pulse Summary
The stock surged +10.5% in the session following this news. A strong positive reaction aligns with management’s emphasis on growth, with Q4 2025 revenue expected to exceed $4.5M and 2025 pro forma revenue above $20M. Recent history shows past positive updates sometimes met with selling, so a large upside move would mark a shift versus prior divergences. Investors would also need to weigh enforcement steps on the $6.6M Sportstech balance and the existing S-3/A shelf when assessing durability of any rally.
Key Terms
pro forma financial
AI-generated analysis. Not financial advice.
Q4 2025 Revenue Expected to exceed
Wattbike Air-Pro Sells 700+ Units / ~
Litigation and Foreclosure Proceedings Against Sportstech Advancing
AUSTIN, TEXAS / ACCESS Newswire / January 16, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today published a shareholder letter providing a preliminary preview of Q4 and full-year 2025 revenue, an update on Wattbike's commercial momentum, and an update on enforcement proceedings related to Sportstech's defaulted loan obligations.
"We're starting 2026 as a very different company," said Trent Ward, CEO of Interactive Strength. "TRNR finished last year with nearly 4x the revenue we had in 2024, by closing an acquisition that's performing strongly and implementing a commercial playbook that's demonstrably working. On Sportstech, the resolution path remains clear: either they pay what they owe, or we enforce our security. Both outcomes deliver shareholder value."
Key Highlights:
2025 Guidance: Q4 2025 revenue expected to exceed
Wattbike Air-Pro Commercial Traction: Since the July 2025 acquisition, Wattbike's Air-Pro product line has sold 700+ bikes, which is expected to generate approximately
Sportstech Enforcement: TRNR has prepared litigation filings and is initiating a public auction for the pledged Sportstech shares (
The full shareholder letter is available on the Company's website. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at 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.
For more information about Interactive Strength, please visit www.interactivestrength.com.
Investor Contact:
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 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, preliminary and unaudited financial results, Wattbike commercial performance and customer traction, expected revenue growth, future M&A activity, and 2026 business development plans. 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 revenue did TRNR forecast for Q4 2025 and full-year 2025?
How many Wattbike Air‑Pro units has TRNR sold since the July 2025 acquisition (TRNR)?
What commercial customers has TRNR secured for Wattbike Air‑Pro (TRNR)?
What is the status of TRNR's enforcement action against Sportstech (TRNR)?
When could the Sportstech auction occur and what does it mean for TRNR shareholders?
