Interactive Strength, Inc.

For the period ended Sep 30, 2025. Filed Nov 14, 2025.

About 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.

Sep 30, 2025 · Filed Nov 14, 2025

TRNR$1.23+0.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

(unaudited)

(In thousands)

	Nine Months Ended September 30,
	2025	2024
Cash Flows From Operating Activities:
Net loss	$(14,012)	$(29,172)
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign currency	(9)	218
Depreciation	119	418
Amortization	2,369	4,687
Non-cash lease expense	231	203
Inventory step up amortization	227	141
Stock-based compensation	5,293	9,448
Provision for bad debt	16	—
Inventory write-off	165	—
Loss on disposal of assets	27	—
(Gain) loss on extinguishment of debt and accounts payable	(5,146)	1,622
Fair value of common stock issued with Best Efforts Offering	—	299
Loss on settlement of accounts payable	551	—
Non-cash interest income	(1,062)	—
Non-cash interest expense	5,388	2,147
Amortization of debt discount	4,883	4,603
Common stock issued to lender in connection with entering Equity Line of Credit Agreement	—	368
Change in fair value of convertible notes	(18,621)	316
Loss on issuance of warrants	—	5,894
Change in fair value of digital assets	10,480	—
Loss on exchange of warrants for equity	—	358
Change in fair value of earnout	—	(1,300)
Change in fair value of derivatives	579	(201)
Change in fair value of warrants	(1,748)	(9,148)
Changes in operating assets and liabilities
Accounts receivable	(37)	(1,134)
Inventories	938	684
Prepaid expenses and other current assets	(5)	342
Vendor deposits	(37)	(101)
Other assets	—	(13)
Accounts payable	2,011	(3)
Accrued expenses and other current liabilities	(581)	862
Deferred revenue	58	(234)
Operating lease liabilities	(238)	(213)
Net cash used in operating activities	(8,161)	(8,909)
Cash Flows From Investing Activities:
Loan to Sportstech	(5,025)	—
Acquisition of internal use software	(76)	—
Acquisition of digital assets	(47,250)	—
Acquisition of business, cash paid, net of cash acquired	(448)	(1,447)
Acquisition of software and content	(691)	40
Net cash used in investing activities	(53,490)	(1,407)
Cash Flows From Financing Activities:
Payments of loans	(891)	(831)
Proceeds from loans	2,002	1,280
Proceeds from issuance of related party loans	—	650
Payment on loss restoration agreement	(649)	—
Payments of related party loans	—	(527)
Proceeds from issuance of common stock and prefunded warrants upon offering, net of offering costs	—	4,510
Payments of offering costs	(225)	(90)
Redemption and payment on convertible notes	(88)	(212)
Proceeds from issuance of convertible notes, net of issuance costs	52,533	4,756
Proceeds from issuance of common stock from At the Market Offering, net of issuance costs	1,594	4,023
Proceeds from exercise of incremental warrants and issuance of convertible notes, net of issuance costs	7,872	—
Interest paid on loans and convertible notes	—	(1,093)
Proceeds from the exercise of warrants	100	92
Proceeds from the issuance of common stock from equity line of credit	—	389
Net cash provided by financing activities	62,248	12,947
Effect of exchange rate on cash	110	(362)
Net Change In Cash and Cash Equivalents and Restricted Cash	707	2,269
Cash and restricted cash at beginning of the period	138	—
Cash and restricted cash at end of period	$845	$2,269

ContentsView on SEC.gov

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