Author: Interactive Strength Inc.

Q4 2025 Revenue Expected to exceed $4.5M (~100% YoY Growth); 2025 Pro Forma Revenue Expected to exceed $20M (~4x 2024 Revenue)

Wattbike Air-Pro Sells 700+ Units / ~$2.5M in UK Commercial Channel Since July

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 $4.5 million, representing ~100% year-over-year growth versus Q4 2024. Full-year 2025 pro forma revenue expected to exceed $20 million, representing nearly 4x TRNR’s 2024 revenue of approximately $5 million. These figures are preliminary, unaudited, and subject to change.

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 $2.5 million in UK commercial revenue, with 25-35% higher utilization versus legacy models. Key customer wins include David Lloyd Clubs, Third Space, Virgin Active, GymBox, and Everlast Gyms.

Sportstech Enforcement: TRNR has prepared litigation filings and is initiating a public auction for the pledged Sportstech shares (100% of the company). The auction could take place in February. Sportstech has acknowledged the $5 million principal owed but disputes other elements of the $6.6 million total balance.

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:

ir@interactivestrength.com

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

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.

# # #

SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

AUSTIN, TEXAS / ACCESS Newswire / December 29, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands, today provided an update regarding its previously announced, pending acquisition of, and working capital loan to, Sportstech Brands Holding GmbH (“Sportstech”).

CEO Comments on the Sportstech Transaction and Working Capital Loan

“We have a binding transaction agreement with Sportstech, as disclosed in February. Since then, we have spent significant time, money and effort undertaking diligence as well as finalizing the complete transaction documentation required to close. On top of this, we hired a CFO based in Europe and secured additional growth capital from a European debt sponsor who was ready to fund this month. We remain fully prepared to close on the acquisition of Sportstech on the terms negotiated and in our binding transaction agreement – as has been the case for months,” said Trent Ward, Chief Executive Officer of Interactive Strength.

“Given all that, we are disappointed by Sportstech’s sudden, public and misleading statement tonight, presumably as a tactic to further disrupt and delay what should be a straightforward closing process from here.”

“We believe the timing of their unwarranted action is no coincidence, as TRNR provided Sportstech with critical working capital that materially improved its performance – a loan that comes due tomorrow, December 30th. As a reminder, TRNR advanced Sportstech $5.0M between January and July and is now owed approximately $6.6M, which is more than twice our market cap right now, and is structured to compensate TRNR for all of the transaction expenses incurred as well as offering us an attractive return on the underlying principal.”

Mr. Ward continued: “Because this borrowed capital is secured with all of Sportstech’s shares and personally guaranteed by Sportstech’s CEO, we plan to pursue all available remedies, should Sportstech default on the loan. These include foreclosing on Sportstech’s shares, potentially forcing an auction of the business at a more attractive valuation than our pending transaction. We have retained litigation counsel and will act quickly and aggressively, given the current turn of events and our as well as our shareholders’ strained patience.”

Mr. Ward added, “TRNR and Sportstech have exchanged six lengthy emails in just the past two weeks alone about the acquisition, including explicit discussion around a mutual desire to successfully close the transaction. This tactic of issuing a surprise press release with misleading information seems to be a desperate attempt by an entrepreneur experiencing seller’s remorse to avoid serious obligations specified by a personally guaranteed loan which is due and a binding transaction agreement, just as his business begins to perform better – in this case due almost entirely to our and our shareholders’ capital. Sadly, second thoughts do not negate legal documents.”

Concluded Mr. Ward: “Further, we have contacted Nasdaq Market Intelligence and are in the process of filing a suspicious trading report, given the large and otherwise unexplained drop in TRNR’s stock price today, prior to Sportstech’s surprising and misleading statement at the end of the day. As a private German company, they have no need to update the US stock market – and they were the only ones who had advance knowledge of the decision to issue this news.”

Factual Timeline on the Sportstech Transaction and Working Capital Loan

TRNR has entered into many binding agreements during the Sportstech acquisition process, all of which have been publicly filed with the U.S. Securities and Exchange Commission. As a summary, please find an accurate and verifiable transaction timeline below, in contrast to Sportstech’s misleading suggestions.

• A Letter of Intent was signed in December 2024 outlining the key transaction terms.

• Beginning in January 2025, TRNR provided Sportstech with a loan for working-capital financing to support its operations.

• As a result of this initial funding, the parties signed the Binding Transaction Agreement in February 2025.

• The complete transaction documents that TRNR remains prepared to execute in order to close the acquisition contain the same economic terms as the binding agreement signed in February 2025.

• As of November 2025, all required diligence items and customary closing conditions under the merger agreement had been satisfied.

• Interactive Strength remains prepared to close the transaction on the same terms agreed earlier in the year.

• The loan for working capital financing reached $5.0 million by July and the funding materially improved Sportstech’s operating performance during 2025, as previously disclosed.

• Under the terms of the loan agreement, the repayment date is December 30, 2025, and the total amount due to TRNR is approximately $6.6 million, which is nearly twice TRNR’s market cap.

• Through late December 2025, senior executives of TRNR and Sportstech remained in direct, ongoing communication, including more than six substantive written exchanges, focused on finalizing the transaction and resolving payment of the outstanding loan in accordance with its terms.

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).

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 is 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, TRNR’s 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.

SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

Driven by rollout of the next-generation Wattbike AIR-PRO across Germany’s Fitness First’s premium Black Label facilities

Major order follows April’s $1M+ order from Woodway for the US market

AUSTIN, TEXAS / ACCESS Newswire / December 11, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands, and pending acquirer of Sportstech, today announced a major new Wattbike order placed by one of Germany’s largest and fastest-growing fitness operators.

The order for 85 next-generation Wattbike AIR-PRO units, valued at more than $200K, is designated primarily for Fitness First’s Black Label (premium-tier) facilities. Deliveries are expected to begin in late Q1 2026, with most sites receiving two units each. The order represents a repeat purchase commitment from a longstanding Wattbike customer.

Fitness First operates under the LifeFit Group, a rapidly expanding German fitness and wellbeing platform that has grown from roughly 100 to nearly 220 locations in recent years through acquisitions. A system-wide rebranding is underway to consolidate multiple acquired chains under the Fitness First name, with expansion plans that could bring the network to as many as 300 sites.

The new AIR-PRO units will be supplied through Woodway GmbH, the longstanding distributor for both TRNR and Wattbike. Woodway has cultivated deep commercial relationships across Germany and has helped establish both TRNR and Wattbike as recognized platforms for delivering performance-training solutions for gym operators seeking accurate, durable, and data-driven equipment for athletic training environments.

Trent Ward, Co-Founder and CEO of TRNR, said: “This order reflects the continued momentum we are seeing across the Wattbike brand and reinforces its position as the global standard in performance cycling. Fitness First’s growing footprint – and its decision to adopt the new AIR-PRO across its premium Black Label sites – demonstrates the enduring value of Wattbike’s engineering precision, product reliability, and training intelligence. We are also pleased that our long-standing partner Woodway continues to play a central role in expanding Wattbike’s presence across Europe after placing an order for more than $1M in April for the US market. Orders like this highlight the strategic importance of our acquisitions and the opportunities ahead as we scale our portfolio globally.”

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).

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 is 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, TRNR’s 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 and repeatability of sales commitments by TRNR or its subsidiary brands, and whether orders will eventually be fulfilled and generate revenue. 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: demand for our products and for Wattbike’s products (collectively, the “Products”); competition, including technological advances made by and new products released by our and our competitors; our ability to accurately forecast consumer and/or fitness facility or other demand for our Products and adequately maintain inventory of our Products; and our reliance on a limited number of suppliers and distributors for our Products. 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.

# # #

SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

AUSTIN, TEXAS / ACCESS Newswire / November 21, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has updated the Investor FAQ section of its website to address shareholder questions related to the Company’s most recent quarterly filing, timing of the Sportstech acquisition, and 2025 pro forma revenue expectations of more than $80 million.

This update follows the Company’s Q3 2025 shareholder letter, published yesterday, which provided a detailed narrative on TRNR’s operating progress, integration milestones and pro forma performance. As the letter noted, “Q3 marked a pivotal step forward for Interactive Strength. It was our first full quarter with Wattbike in the group, a period of accelerating revenue growth at Sportstech, and a quarter in which we started to achieve what we set out to deliver earlier in the year: clearer signs of scale, stronger alignment between our brands, and continued progress toward completing the Sportstech acquisition.”

Trent Ward, CEO of TRNR, noted: “We continue to work every single day – together with the Sportstech team and with the support of our new CFO, Caleb Morgret, who is EU-based – to complete the Sportstech acquisition as quickly as possible. Many workstreams across both companies and their advisors are approaching their conclusions, and we remain confident in our ability to finalize this transformational combination. We appreciate the patience and engagement of our shareholders as we move through the final steps of the process.”

The Company encourages all shareholders to visit the Investor FAQ page and to read the full Q3 shareholder letter for additional context on TRNR’s reported and pro forma results, integration activities, and 2025-2026 outlook.

Shareholders may also sign up on the Investor Relations website 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,” “trajectory,” “target,” similar expressions that predict or indicate future events or trends or that are not statements of historical matters, or the negative of these terms or other comparable terms that predict or indicate future events or trends or that are not statements of historical matters. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced pending transactions in a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $80m of pro forma revenue in 2025, achieving profitability by Q4, and the financial performance of acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company’s reported financials and (b) due to the effect of the exchange rates of foreign currencies, which can be volatile, or that the business is at an inflection point in Q3 and that there is a significant go-forward opportunity for investors. 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: demand for our products and the products of the acquisition targets if the acquisitions are completed (collectively, the “Products”); competition, including technological advances made by and new products released by our competitors and the competitors of the acquisition targets; our ability to accurately forecast consumer demand for our Products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our Products. 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

Quarterly Results Reflect First Full Quarter Including Wattbike (Acquisition Closed July 1)

Company Reports Record Quarterly Revenue of $4.8 Million; Net Loss and Loss per Diluted Share of $5.2 Million and $3.11; Quarterly Adjusted EBITDA Loss of $2.9 million, Due to Low Inventory Availability

Sportstech Acquisition Expected to Close in 2025 Based on Key Closing Milestone Achievements

Reiterates 2025 Pro Forma Revenue Guidance of more than $80 million and Fourth Quarter Profitability Guidance

AUSTIN, TEXAS / ACCESS Newswire / November 14, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer of Sportstech, today announced financial results for its third quarter ended September 30, 2025.

Quarterly Financial Highlights

For the quarter, TRNR reported record revenue of $4.8 million, representing 139% YoY growth, a net loss of $5.2 million – or $3.11 per diluted share – and an adjusted EBITDA loss of $2.9 million (non-GAAP). Results this quarter include Wattbike (closed July 1), but not Sportstech, which is still in the closing process. However, if Sportstech had been included in the third quarter, TRNR revenue would have been approximately $18 million.

Outlook

TRNR is reiterating its full‑year 2025 pro forma revenue guidance of more than $80 million, driven by the stronger-than-expected-performance at Sportstech year-to-date and the expectation that the acquisition will close this year. TRNR is also reiterating its guidance that it expects to achieve pro forma Adjusted EBITDA profitability in the fourth quarter. TRNR’s new CFO, Caleb Morgret, will succeed Mike Madigan as of the filing of the Company’s 10-Q after market close today.

Sportstech Performance and Acquisition

Based on achieving certain key closing milestones this month, TRNR expects that the Sportstech acquisition will successfully close this year. Further details will be shared with investors over the next few weeks as both Companies work towards completing this transformational combination.

Sportstech previously announced third quarter revenue of approximately $13 million and a third-quarter EBITDA margin increase of more than 200bps YoY, leading to an LTM EBITDA margin of more than 10%.

Trent Ward, Co-Founder and CEO stated: “Q3 revenue growth of 139% is starting to demonstrate the potential of our platform as we progress towards greater scale, thanks to closing Wattbike. We have kicked off cost savings initiatives to harvest group synergies and we remain excited to see that work start to come through in reported financials.”

“Most importantly, we have made tremendous progress on closing the Sportstech acquisition, and we expect that we will complete the transaction in 2025,” Mr. Ward continued. “The addition of our new CFO, Caleb, who is based in Europe and German-speaking, has been a key factor in the acceleration of progress on the closing procedures. Despite the delay, Sportstech has continued to perform above expectations, and we are very excited to complete this transformational acquisition very soon.”

Mr. Ward continued: “We are confident that, on a pro forma basis, the group will have more than $80 million in 2025 revenue as well as turn profitable in the fourth quarter. Lastly, we want to express our utmost appreciation for the efforts of Mike Madigan over the past three years – he has done an incredible job and is leaving us in a strong position.”

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). TRNR expects to issue a shareholder letter within the next week or two.

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.

• 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.

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
In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance.

The Company’s non-GAAP financial measure in this press release consist of Adjusted EBITDA, which we define 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 the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons:

• Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitate period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.

Our use of Adjusted EBITDA, or any other non-GAAP financial measures we may use in the future, is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools. Some of these limitations are, or may in the future be, as follows:

• Adjusted EBITDA does not reflect noncash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses).

Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. For example, the expenses and other items that we exclude in our calculation of Adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from Adjusted EBITDA when they report their operating results. Because companies in our industry may calculate such measures differently than we do, their usefulness as comparative measures is limited. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP.

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 acquiring future businesses or completing the referenced pending transaction in 2025, a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $80m of pro forma revenue in 2025, achieving profitability in Q4, and the financial performance of the acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company’s reported financials and (b) due to the effect of the exchange rates of foreign currencies which can be volatile, or that the Company’s 10-Q will be filed today or that the business is in a strong position with the departure of the CFO. 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: demand for our products and the products of the acquisition targets if the acquisitions are completed (collectively, the “Products”); competition, including technological advances made by and new products released by our competitors and the competitors of the acquisition targets; our ability to accurately forecast consumer demand for our Products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our Products. 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

Sportstech Revenue Growth Accelerated from 18% YoY in Second Quarter, and is Expected to Surpass 30% YoY in Fourth Quarter

Current FX Rates Indicate that Sportstech’s LTM September 2025 Revenue Would Be Approximately $58M with $6M in LTM EBITDA

TRNR Confirms that All Parties Working Diligently on Completing Acquisition Closing Requirements

AUSTIN, TEXAS / ACCESS Newswire / November 5, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today provided an update to its shareholders about the recently released results of Sportstech Brands Holding GmbH (“Sportstech”), its pending acquisition target.

Earlier today, Sportstech announced third quarter 2025 revenue of more than $13M at current FX rates, representing 24% YoY growth, an acceleration from 18% YoY in the second quarter. Sportstech shared that it expects a further acceleration in revenue growth in the fourth quarter, its highest-revenue quarter, to expected growth of more than 30% YoY. Sportstech noted that this acceleration in its revenue growth is directly driven by increased inventory availability as a result of ongoing coordination with, and working capital from ,TRNR.

The target company indicated that last twelve months (“LTM”) performance was approximately $58M in revenue, with $6M in positive EBITDA at current FX rates (reported in local currency as €50M in LTM Revenue and more than €5M in LTM EBITDA). Sportstech third quarter EBITDA margin increased by more than 200bps YoY to leading to LTM EBITDA margin of more than 10%.

Ali Ahmad, Founder and CEO of Sportstech, said in the press release that the “continued monthly and YoY momentum shows just how much demand there is for our products and fitness content, when we’re coordinated with the larger TRNR platform and have better access to working capital.”

Mr. Ahmad also shared that: “The addition of Caleb Morgret to the TRNR team is helping us also accelerate the completion of the closing requirements. Our big ambitions remain, and we expect the post-closing period to be even more exciting than our growth is currently.”

Trent Ward, Co-Founder and CEO of TRNR, commented that: “We remain pleased by Sportstech’s strong performance – which validates our investments in it to date, and confirms the potential of the pending acquisition. With our most senior finance executive now on the ground in Europe working directly with the Sportstech team, we have increased confidence that we’ll complete the final deal closing requirements quickly. We look forward to sharing more about the deal and the exciting initiatives that are ahead for Sportstech.”

For more commentary, information and details on the rationale for and structure of the expected acquisition, please see TRNR’s investor presentation on the Company’s investor website as well as its required filings with the US Securities and Exchange Commission (SEC).

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 completing the acquisition of Sportstech in a timely manner or at all, the financial performance of the acquisition target, including the reported financials of Sportstech that have not been audited or reviewed by a PCAOB auditor and could vary materially once that audit or review work is completed and such financials are included in the Company’s reported financials, as well as the effect of the exchange rates of foreign currencies which can be volatile, in addition to any statements regarding the future performance or initiatives of Sportstech. 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: demand for our products and for Sportstech’s products if the acquisition is completed (collectively, the “Products”); competition, including technological advances made by and new products released by our and Sportstech’s competitors; our ability to accurately forecast consumer demand for our Products and adequately maintain inventory of our Products; and our reliance on a limited number of suppliers and distributors for our Products. 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