Interactive Strength Inc（TRNR）資訊與事件TRNRInteractive Strength Inc

Interactive Strength Raises 2026 Revenue Guidance to Over $50M

Interactive Strength updated its Investor Presentation, highlighting the increase of its 2026 pro forma revenue guidance of more than $50M and its expectation of achieving profitability in the fourth quarter of 2026. In just over twelve months, TRNR has added three profitable, cash-flow-generative fitness equipment brands to its portfolio. Wattbike closed in July 2025 and Ergatta closed in March. On July 7, the Company signed a definitive agreement to acquire STEPR, the category leader in connected stair climbing, in a transaction expected to close in the fourth quarter of 2026. Together, Wattbike, CLMBR, FORME, Ergatta and STEPR give the Company five brands across home and commercial fitness. The updated investor presentation details the financial trajectory that TRNR's acquisition strategy has produced and the terms on which the Company structures its acquisitions. Reported revenue grew from $5.4M in 2024 to $11.5M in 2025, and the Company expects more than $50M in 2026 pro forma revenue with the addition of STEPR. Typically, the vast majority of acquisition consideration is funded in equity that is locked up and contingent on the acquired business meeting future performance targets and a very small portion of is funded in cash at close. The STEPR transaction is expected to be completed at an enterprise value of less than four times its 2027 EBITDA, with a substantial portion of the consideration payable only if STEPR reaches defined EBITDA thresholds through June 2028. Trent Ward, CEO of TRNR, stated: "We are building a fitness equipment holding company by acquiring profitable, category-leading brands and operating them together on a shared platform. We buy at disciplined multiples, structure most of the consideration as locked-up equity tied to future performance, and use the cash flow from the businesses we own to help fund future acquisitions. STEPR is the latest brand to join that portfolio, and the updated presentation shows how the pieces fit together. With the addition of STEPR, we expect more than $50M in 2026 pro forma revenue and Adjusted EBITDA profitability in the fourth quarter of 2026. Gross margins have expanded as the acquired businesses have scaled, and each transaction is structured to be accretive to shareholders. We see a substantial disconnect between the trajectory of the underlying business and the share price and are focused on addressing that over the course of 2026."

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TRNR Raises 2026 Revenue Guidance to Over $50 Million

With the addition of STEPR, TRNR is raising its 2026 pro forma revenue guidance to more than $50 million and expects the group to achieve Adjusted EBITDA profitability in Q4 2026 as a result of closing the transaction.