TRNR to Report Q3 2026 Results on November 16, 2026; Expects Record Quarterly Revenue of $8.0 Million

The expected quarterly Adjusted EBITDA loss narrows to approximately $0.5 million as the STEPR acquisition remains pending.

Rhea-AI Summary

Interactive Strength (TRNR) expects record third-quarter 2026 revenue of $8.0 million and will report results on November 16, 2026. Results for the quarter ended September 30 are due before the market opens. Expected revenue compares with $6.6 million in Q2 2026 and $4.8 million in Q3 2025, an increase of more than 60% year over year.

The company expects its Adjusted EBITDA loss, a non-GAAP measure of earnings adjusted for specified items, to narrow to approximately $0.5 million from $0.6 million in Q2 and $2.9 million a year earlier. It expects approximately $24 million in trailing twelve-month revenue, versus approximately $10 million a year earlier. Interactive Strength expects $50 million in pro forma 2026 revenue, reflecting the STEPR acquisition expected to close in Q4, and anticipates reporting positive Adjusted EBITDA for the first time.

5 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Q3 2026 revenue expected at $8.0 million, versus $6.6 million in Q2 and $4.8 million a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q3 Adjusted EBITDA loss expected at approximately $0.5 million, narrowing from $0.6 million in Q2 and $2.9 million a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Pro forma 2026 revenue expected at $50 million, reflecting the expected STEPR acquisition.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Positive Adjusted EBITDA anticipated for the first time.
• Minor point. Forward-looking: it has not happened yet and may not happen.Trailing twelve-month revenue expected at approximately $24 million, more than double approximately $10 million a year earlier.

Negative

• Moderate pointSTEPR acquisition remains pending, with closing expected during Q4 2026.

Key Figures

Expected Q3 revenue: $8.0 million Expected Adjusted EBITDA loss: Approximately $0.5 million loss Trailing twelve-month revenue: More than $23 million +3 more

Expected Q3 revenue

$8.0 million

Q3 2026

Expected Adjusted EBITDA loss

Approximately $0.5 million loss

Q3 2026; non-GAAP

Trailing twelve-month revenue

More than $23 million

Based on Q3 revenue guidance; compared with approximately $10 million for the twelve months ended September 30, 2025

Pro forma revenue

$50 million

Expected 2026; reflects the STEPR acquisition

STEPR expected revenue

More than $15 million

2026

Results report date

November 16, 2026

Q3 2026 financial results

Key Terms

form 10-q, regulation fd, non-gaap, gaap, +1 more

5 terms

form 10-q regulatory

"Following the filing of its Form 10-Q, the Company expects to publish a shareholder letter"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

regulation fd regulatory

"In compliance with disclosure obligations under Regulation FD"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

non-gaap financial

"Adjusted EBITDA, a non-GAAP financial measure"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

gaap financial

"should not be considered as a substitute for, or in isolation from, financial results prepared in accordance with GAAP"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

convertible notes financial

"including stock-based compensation expense, fair value adjustments on convertible notes"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

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

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AUSTIN, TX / ACCESS Newswire / October 20, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, Ergatta, CLMBR and FORME brands, and pending acquirer of STEPR, today announced that it will report financial results for its third quarter ended September 30, 2026 before the market opens on November 16, 2026. The Company expects to report record quarterly revenue and a further improvement in its Adjusted EBITDA (non-GAAP) loss. Following the filing of its Form 10-Q, the Company expects to publish a shareholder letter discussing the results and business outlook.

Trent Ward, CEO of TRNR, stated: "We expect Q3 to further demonstrate the effectiveness of our M&A model on our reported earnings. A year ago, we were a business with about $10 million of trailing twelve month revenue that had a significant adjusted EBITDA loss. We expect to report that trailing twelve month revenue has more than doubled to ~$24 million and the Adjusted EBITDA has improved significantly. Our pro forma 2026 revenue is expected to be $50 million, reflecting the STEPR acquisition that is expected to close in Q4, and we anticipate reporting a positive Adjusted EBITDA for the first time. As we promised, we expect to deliver results that set us up well for near-term profitability, establishing a new baseline that will make future deals even more effective."

TRNR 2026 Performance Summary

• The Company expects third quarter 2026 revenue of $8.0 million and an Adjusted EBITDA (non-GAAP) loss of approximately $0.5 million.
• Quarterly revenue is expected to be a new record, above the $6.6 million reported in the second quarter of 2026, and an increase of more than 60% from $4.8 million in the third quarter of 2025.
• The Company's Adjusted EBITDA loss is expected to narrow to approximately $0.5 million in the third quarter, from $2.9 million in the third quarter of 2025 to $1.8 million in the first quarter of 2026 and $0.6 million in the second quarter of 2026.
• Third quarter revenue guidance would indicate trailing twelve month revenue to more than $23 million, compared with approximately $10 million for the twelve months ended September 30, 2025.
• The Company expects to close its acquisition of STEPR, the category leader in connected stair climbing, during the fourth quarter as previously communicated. STEPR is expected to generate more than $15 million of revenue in 2026.

For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). Shareholders may register for updates at interactivestrength.com/updates.

TRNR Investor Contact:

ir@interactivestrength.com

About Interactive Strength Inc.:

Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, Ergatta, 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.

Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.

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, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.

Channels for Disclosure of Information

In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.

Non-GAAP Financial Measures

This press release references Adjusted EBITDA, a non-GAAP financial measure, in connection with previously issued guidance. We define Adjusted EBITDA as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes Adjusted EBITDA is useful to investors because it is widely used to measure operating performance without regard to items that can vary substantially across companies depending on financing, capital structure, and the method by which assets were acquired, and because management uses it for planning and to evaluate the effectiveness of the Company's business strategy.

The Company is unable to provide a quantitative reconciliation of its forward-looking Adjusted EBITDA guidance to the most directly comparable forward-looking GAAP measure without unreasonable effort, because certain items that affect the comparable GAAP measure, including stock-based compensation expense, fair value adjustments on convertible notes, derivatives and warrants, gains or losses on debt extinguishment, and transaction related expenses, are not reasonably estimable or are dependent on future events outside the Company's control. These items could be significant. Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, financial results prepared in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies. Reconciliations of historical Adjusted EBITDA to net loss are included in the Company's earnings releases for the periods referenced.

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 timing of the Company's third quarter 2026 results and the publication of a shareholder letter; the Company's third quarter 2026 guidance of revenue of between $7 million and $8 million and an Adjusted EBITDA (non-GAAP) loss of less than $0.5 million, and the expectation that third quarter revenue will represent a quarterly record and trailing twelve month revenue of more than $23 million; the Company's 2026 full year guidance of more than $50 million in pro forma group revenue including STEPR; the Company's expectation of achieving Adjusted EBITDA (non-GAAP) profitability in the fourth quarter of 2026; the expected closing of the acquisition of STEPR, Inc., the timing of that closing, and the expected revenue contribution of STEPR; the expected integration and performance of the Company's portfolio brands, including Wattbike, Ergatta, CLMBR, FORME and STEPR; the conversion of the Series R Convertible Preferred Stock into common stock and the Company's expectation that holders of its preferred stock, convertible notes, warrants and other convertible securities will exchange or convert those securities into common stock; the continued listing requirements of The Nasdaq Stock Market LLC, including the proposed market value of listed securities requirement and the outcome and timing of the SEC's review of that requirement; the Company's ability to achieve operational and financial targets, including profitability at the group level; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. 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: the possibility that final third quarter 2026 financial results may differ materially from the guidance presented herein; demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that the acquisition of STEPR is not completed, is delayed, or does not perform as expected; our ability to satisfy the closing conditions of the STEPR transaction, including the preparation of required audited financial statements; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; the material weaknesses in our internal control over financial reporting as disclosed in our periodic reports; our substantial indebtedness and the amounts scheduled to mature within the next twelve months; our ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market LLC; potential dilution to existing stockholders from the conversion or exchange of outstanding convertible securities, including the Series R Convertible Preferred Stock; and our reliance on a limited number of suppliers and distributors. 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

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

When will Interactive Strength report Q3 2026 results?

Interactive Strength will report Q3 2026 results before the market opens on November 16, 2026. The results cover the quarter ended September 30, 2026.

What revenue and Adjusted EBITDA does TRNR expect for Q3 2026?

TRNR expects $8.0 million in revenue and an Adjusted EBITDA loss of approximately $0.5 million for Q3 2026. Revenue would exceed the $6.6 million reported in Q2 2026, while the adjusted loss would narrow from $0.6 million.

How does Interactive Strength define Adjusted EBITDA?

Interactive Strength defines Adjusted EBITDA as net income or loss adjusted to exclude other expense or income, income taxes, depreciation and amortization, stock-based compensation, debt-extinguishment gains or losses, vendor settlements and transaction-related expenses. This non-GAAP measure supplements rather than replaces results prepared under generally accepted accounting principles.