Interactive Strength, Inc.
For the period ended Mar 31, 2025. Filed May 19, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 19, 2025
TRNR$1.23+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(unaudited)
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(6,603) | $(11,394) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Foreign currency | (22) | (49) |
| Depreciation | 36 | 191 |
| Amortization | 876 | 1,697 |
| Non-cash lease expense | 77 | 54 |
| Inventory step up amortization | 100 | — |
| Stock-based compensation | 2,089 | 3,366 |
| (Gain) Loss on extinguishment of debt and accounts payable | (3,037) | 1,066 |
| Loss on settlement of accounts payable | 551 | — |
| Interest Income | (158) | — |
| Non-cash interest expense | 1,306 | 671 |
| Amortization of debt discount | 370 | 1,329 |
| Common stock issued to lender in connection with entering Equity Line of Credit Agreement | — | 368 |
| Change in fair value of convertible notes | 573 | 316 |
| Loss on issuance of warrants | — | 345 |
| Change in fair value of derivatives | 1,487 | (54) |
| Change in fair value of warrants | (449) | (1,799) |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (338) | (42) |
| Inventories | 391 | (130) |
| Prepaid expenses and other current assets | (48) | 198 |
| Vendor deposits | (37) | 46 |
| Other assets | — | 5 |
| Accounts payable | (580) | 123 |
| Accrued expenses and other current liabilities | (35) | 936 |
| Deferred revenue | (11) | (146) |
| Operating lease liabilities | (83) | (56) |
| Net cash used in operating activities | (3,545) | (2,959) |
| Cash Flows From Investing Activities: | ||
| Loan to Sportstech | (2,025) | — |
| Acquisition of business, cash paid, net of cash acquired | — | (1,447) |
| Acquisition of software and content | (166) | (263) |
| Net cash used in investing activities | (2,191) | (1,710) |
| Cash Flows From Financing Activities: | ||
| Payments of loans | — | (135) |
| Payments of related party loans | — | (240) |
| Redemption on convertible notes | — | (90) |
| Proceeds from issuance of convertible notes, net of issuance costs | 2,678 | 4,756 |
| Proceeds from issuance of common stock from At the Market Offering, net of issuance costs | 1,594 | — |
| Proceeds from exercise of incremental warrants and issuance of convertible notes, net of issuance costs | 3,499 | — |
| Proceeds from the issuance of common stock from equity line of credit | — | 324 |
| Net cash provided by financing activities | 7,771 | 4,615 |
| Effect of exchange rate on cash | 34 | 54 |
| Net Change In Cash and Cash Equivalents | 2,069 | — |
| Cash and restricted cash at beginning of the period | 138 | — |
| Cash and restricted cash at end of period | $2,207 | $— |
| Supplemental Disclosure Of Cash Flow Information: | ||
| Cash paid for Interest | 88 | — |
| Non-Cash Investing and Financing Information: | ||
| Property & equipment in accounts payable | 18 | 18 |
| Inventories in accounts payable and accrued expenses | 205 | 650 |
| Issuance of common stock and series B preferred stock for the acquisition of business | — | 3,702 |
| Issuance and offering costs in accounts payable and accrued expenses | 43 | 69 |
| Issuance of preferred stock through conversion of debt | — | 10,082 |
| Subscription receivable for issuance of Series A Preferred Stock for modification of loan | — | 3,000 |
| Gain on extinguishment of debt with related party | 279 | — |
| Issuance of common stock upon conversion of convertible notes | 5,798 | 866 |
| Issuance of Series C Preferred Stock upon settlement of loss restoration agreement | 3,127 | — |
| Issuance of common stock from convertible notes and conversion of debt | — | 547 |
| Issuance of warrants with convertible notes | 1,213 | — |
| Issuance of embedded derivatives with convertible notes | 2,104 | — |
| Series A Dividends Paid in Kind | 225 | — |
| Series C Dividends Paid in Kind | 253 | — |
| Stock-based compensation capitalized in intangible asset and other assets | 334 | 220 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.