📊 TRNR Key Takeaways
Is Interactive Strength, Inc. (TRNR) a Good Investment?
Interactive Strength demonstrates strong revenue growth (+114% YoY) but operates with an unsustainable financial structure: the company is deeply unprofitable (-207.9% net margin), faces a critical liquidity crisis (0.47x current ratio with only $512K cash), and carries extreme leverage (7.27x debt-to-equity). At current cash burn rates, the company has insufficient runway to reach profitability.
Why Buy Interactive Strength, Inc. Stock? TRNR Key Strengths
- Strong revenue growth of 114% YoY indicates market demand for products
- Positive revenue generation of $11.5M demonstrates operational capability
- Operating in electronic equipment sector with potential for further expansion
TRNR Stock Risks: Interactive Strength, Inc. Investment Risks
- Critical liquidity crisis: 0.47x current ratio, 0.24x quick ratio, only $512K cash on hand with ~$10.5M annual cash burn
- Extreme leverage: $46.4M long-term debt versus $6.4M stockholders' equity (7.27x debt/equity ratio) creates refinancing risk
- Chronic unprofitability: -207.9% net margin, -172.2% operating margin, and -$10.5M free cash flow burn unsustainable long-term
- Severely depressed gross margin of 7.9% indicates fundamental cost structure or pricing power issues preventing profitability at scale
- Liabilities ($38.1M) exceed equity ($6.4M), indicating insolvency risk and diminished equity value
Key Metrics to Watch
- Cash position and monthly burn rate - determines time to insolvency
- Gross margin trend - critical for path to profitability
- Operating cash flow progression - identifies if operations approach breakeven
Interactive Strength, Inc. (TRNR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
TRNR Profit Margin, ROE & Profitability Analysis
TRNR vs Technology Sector: How Interactive Strength, Inc. Compares
How Interactive Strength, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Interactive Strength, Inc. Stock Overvalued? TRNR Valuation Analysis 2026
Based on fundamental analysis, Interactive Strength, Inc. shows some fundamental concerns relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Interactive Strength, Inc. Balance Sheet: TRNR Debt, Cash & Liquidity
TRNR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Interactive Strength, Inc.'s revenue has grown significantly by 1,099% over the 5-year period, indicating strong business expansion. The most recent EPS of $-16,328.50 indicates the company is currently unprofitable.
TRNR Revenue Growth, EPS Growth & YoY Performance
TRNR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $2.0M | -$2.2M | $-3.11 |
| Q2 2025 | $621.0K | -$2.2M | $-2.13 |
| Q1 2025 | $363.0K | -$6.6M | $-1.74 |
| Q3 2024 | $306.0K | -$7.1M | $-1.53 |
| Q2 2024 | $316.0K | -$10.6M | $-17.48 |
| Q1 2024 | $157.0K | -$11.4M | $-0.67 |
| Q3 2023 | $201.0K | -$10.4M | $-0.73 |
| Q2 2023 | $97.0K | -$24.7M | $-1.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Interactive Strength, Inc. Dividends, Buybacks & Capital Allocation
TRNR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Interactive Strength, Inc. (CIK: 0001785056)
📋 Recent SEC Filings
❓ Frequently Asked Questions about TRNR
What is the AI rating for TRNR?
Interactive Strength, Inc. (TRNR) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TRNR's key strengths?
Claude: Strong revenue growth of 114% YoY indicates market demand for products. Positive revenue generation of $11.5M demonstrates operational capability.
What are the risks of investing in TRNR?
Claude: Critical liquidity crisis: 0.47x current ratio, 0.24x quick ratio, only $512K cash on hand with ~$10.5M annual cash burn. Extreme leverage: $46.4M long-term debt versus $6.4M stockholders' equity (7.27x debt/equity ratio) creates refinancing risk.
What is TRNR's revenue and growth?
Interactive Strength, Inc. reported revenue of $11.5M.
Does TRNR pay dividends?
Interactive Strength, Inc. does not currently pay dividends.
Where can I find TRNR SEC filings?
Official SEC filings for Interactive Strength, Inc. (CIK: 0001785056) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TRNR's EPS?
Interactive Strength, Inc. has a diluted EPS of $-171.77.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is TRNR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Interactive Strength, Inc. has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is TRNR stock overvalued or undervalued?
Valuation metrics for TRNR: ROE of -375.1% (sector avg: 22%), net margin of -207.9% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy TRNR stock in 2026?
Our dual AI analysis gives Interactive Strength, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is TRNR's free cash flow?
Interactive Strength, Inc.'s operating cash flow is $-10.4M, with capital expenditures of $94.0K. FCF margin is -91.1%.
How does TRNR compare to other Technology stocks?
Vs Technology sector averages: Net margin -207.9% (avg: 18%), ROE -375.1% (avg: 22%), current ratio 0.47 (avg: 2.5).
Is Interactive Strength, Inc. carrying too much debt?
TRNR has a debt-to-equity ratio of 7.27x, which is above the Technology sector average of 0.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.