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Interactive Strength Inc. 10-Q Filings

TRNR NASDAQ

Every 10-Q that Interactive Strength Inc. (TRNR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow TRNR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRNR filings page.

Rhea-AI Summary

Interactive Strength Inc. reported sharp top-line growth but continued heavy losses for the quarter ended June 30, 2026. Revenue rose to $6.6 million from $1.2 million a year earlier, driven by Connected Fitness Product sales in the U.S. and Europe and growing membership revenue. Gross profit improved to $3.2 million from a prior gross loss, reflecting higher scale after the Wattbike and Ergatta acquisitions.

Despite this, the company posted a quarterly net loss attributable to common stockholders of $7.1 million and a six‑month net loss of $17.8 million, with an accumulated deficit of $245.4 million. Total assets were $56.5 million against total liabilities of $53.2 million, including substantial loans and convertible notes. Management discloses that recurring operating losses, reliance on external financing, limited available liquidity of about $1.7 million beyond the issuance date, and approximately $23.1 million of debt maturing within twelve months raise substantial doubt about the company’s ability to continue as a going concern. The financial statements assume the company will continue to operate and do not reflect potential restructuring or insolvency outcomes.

Rhea-AI Summary

Interactive Strength Inc. reported sharply higher revenue but deeper losses and serious liquidity pressure for the quarter ended March 31, 2026. Total revenue rose to $5.1 million from $1.4 million a year earlier, driven largely by Wattbike and the Ergatta acquisition.

Despite higher sales, the company posted a net loss attributable to common stockholders of $10.7 million versus $6.6 million in the prior-year quarter, as interest expense, fair-value adjustments and transaction-related costs weighed on results. Cash and cash equivalents increased to $4.7 million from $0.5 million at December 31, 2025, helped by loan repayments from Sportstech, new convertible notes and at-the-market equity issuance.

Management discloses that recurring losses, limited liquidity and approximately $18.2 million of debt maturing within twelve months after the financial statement issuance date raise substantial doubt about the company’s ability to continue as a going concern. As of May 15, 2026, common shares outstanding were 2,330,936, after multiple reverse stock splits and significant debt-for-equity exchanges.

Rhea-AI Summary

Interactive Strength Inc. (TRNR) filed its Q3 2025 report. Revenue rose to $4.8 million from $2.0 million a year ago, producing a quarterly gross profit of $0.8 million versus a loss last year. The company reported a net loss of $5.2 million, improving from $7.1 million in Q3 2024.

The balance sheet expanded with total assets $85.4 million driven by digital assets $36.8 million, goodwill $15.1 million, and intangibles $8.1 million. Liabilities increased to $68.0 million, including convertible notes payable (non‑current) $32.36 million. Cash and cash equivalents were $0.8 million at quarter‑end.

Year‑to‑date operating cash outflow was $8.2 million, while financing cash inflow was $62.2 million, largely from $52.5 million of convertible notes and $7.9 million from incremental warrants/notes. The quarter reflected strategic moves: a 1‑for‑10 reverse split effective June 26, 2025; a binding agreement to acquire Sportstech via a staged equity structure; and the Wattbike acquisition with issuance of Series E preferred. Common shares outstanding were 2,079,510 as of September 30, 2025.