Interactive Strength, Inc.

For the period ended Mar 31, 2026. Filed May 20, 2026.

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.

Mar 31, 2026 · Filed May 20, 2026

TRNR$1.21-1.6%Stored close · as of Nov 10, 2026

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

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share and per share amounts)

	Three Months Ended March 31,
	2026	2025
Revenue:
Fitness product revenue	$4,453	$1,050
Membership revenue	605	176
Training and other revenue	83	130
Total revenue	5,141	1,356
Cost of revenue:
Cost of fitness product revenue	(3,043)	(917)
Cost of membership	(365)	(423)
Cost of training and other revenue	(124)	(320)
Total cost of revenue	(3,532)	(1,660)
Gross profit (loss)	1,609	(304)
Operating expenses:
Research and development	438	1,271
Sales and marketing	1,034	250
General and administrative	4,127	4,487
Total operating expenses	5,599	6,008
Loss from operations	(3,990)	(6,312)
Other income (expense), net:
Other expense, net	(2,477)	(111)
Interest expense	(1,530)	(1,764)
Interest income	—	158
(Loss) gain upon extinguishment of debt and accounts payable	(1,710)	3,037
Change in fair value of convertible notes	(1,350)	(573)
Change in fair value of earnout	(26)	—
Change in fair value of derivatives	(327)	(1,487)
Change in fair value of warrants	667	449
Total other (expense), net	(6,753)	(291)
Loss before provision for income taxes	(10,743)	(6,603)
Income tax expense	—	—
Net loss attributable to common stockholders	$(10,743)	$(6,603)
Net loss per share - basic and diluted	$(10.24)	$(173.58)
Weighted average common stock outstanding—basic and diluted	1,049,454	38,041

	Three Months Ended March 31,
	2026	2025
Net loss	$(10,743)	$(6,603)
Other comprehensive (loss) gain:
Foreign currency translation (loss) gain	(137)	21
Total comprehensive loss	$(10,880)	$(6,582)

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)

Convertible Preferred Stock Series E · Convertible Preferred Stock Series A · Convertible Preferred Stock Series B · Convertible Preferred Stock Series C · Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders' (Deficit) Equity
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
Balances at December 31, 2024	—	$	-		4,658,737	$1		1,500,000	$	-		2,861,128		$	-		14,021		$8		$209,509		$183		$(202,586)	$7,115
Series A Preferred dividends declared and paid in kind	—		—		112,334	—		—		—		—			—		—		—		225		—		(225)	—
Series C Preferred dividends declared and paid in kind	—		—		—	—		—		—		126,515			—		—		—		253		—		(253)	—
Issuance of Common stock from At the Market offering	—		—		—	—		—		—		—			—		8,215		—		1,594		—		—		1,594
Issuance of Common stock upon conversion of convertible notes	—		—		—	—		—		—		—			—		39,416		1		5,798		—		—		5,799
Issuance of Common stock upon conversion of preferred stock				(100,000)	—	(1,060,118)	—		(2,801,250)		—		17,883			—		—		—		—		—
Issuance of Series C Preferred stock upon settlement of loss restoration agreement	—		—		—	—		—		—		1,684,817			1		—		—		3,127		—		—		3,128
Gain on extinguishment of related party promissory notes	—		—		—	—		—		—		—			—		—		—		—		—		279		279
Stock-based compensation	—		—		—	—		—		—		—			—		—		—		2,423		—		—		2,423
Foreign currency translation gain	—		—		—	—		—		—		—			—		—		—		—		21		—		21
Net loss	—		—		—	—		—		—		—			—		—		—		—		—		(6,603)	(6,603)
Balances at March 31, 2025	—		$—		4,671,071	$1		439,882		$—		1,871,210			$1		79,535		$9		$222,929		$204		$(209,388)	$13,756

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY

Convertible Preferred Stock Series E · Convertible Preferred Stock Series A · Convertible Preferred Stock Series B · Convertible Preferred Stock Series C · Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders' Equity
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
Balances at December 31, 2025	1,300,000	$2,304	4,414,745	$1	408,775	$	-	1,534,921	$1	307,516	$	-	$233,817	$113	$(227,542)	$6,390
Issuance of Common stock from At the Market offering	—	—	—	—	—		—	—	—	290,000		—	1,463	—	—	1,463
Issuance of Common stock upon conversion of convertible notes	—	—	—	—	—		—	—	—	1,127,416		1	5,867	—	—	5,868
Issuance of Series C Preferred stock under settlement agreement	—	—	—	—	—		—	1,088,255	1	—		—	1,750	—	—	1,751
Reverse stock split retirement of fractional shares	—	—	—	—	—		—	—	—	(32)		—	—	—	—	—
Issuance of Common stock upon settlement of debt	—	—	—	—	—		—	—	—	332,118		1	831	—	—	832
Stock-based compensation	—	—	—	—	—		—	—	—	—		—	248	—	—	248
Foreign currency translation gain	—	—	—	—	—		—	—	—	—		—	—	(137)	—	(137)
Net loss	—	—	—	—	—		—	—	—	—		—	—	—	(10,743)	(10,743)
Balances at March 31, 2026	1,300,000	$2,304	4,414,745	$1	408,775		$—	2,623,176	$2	2,057,018		$2	$243,976	$(24)	$(238,285)	$5,672

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.