Interactive Strength, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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.
Jun 30, 2026 · Filed Aug 14, 2026
TRNR$1.21-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $6,647 | $1,219 | $11,788 | $2,576 |
| Cost of revenue | 3,432 | 1,413 | 6,964 | 3,073 |
| Gross profit (loss) | 3,215 | (194) | 4,824 | (497) |
| Operating expenses: | ||||
| Research and development | 415 | 779 | 853 | 2,050 |
| Sales and marketing | 2,184 | 211 | 3,218 | 461 |
| General and administrative | 3,988 | 4,640 | 8,115 | 9,126 |
| Total operating expenses | 6,587 | 5,630 | 12,186 | 11,637 |
| Loss from operations | (3,372) | (5,824) | (7,362) | (12,134) |
| Other income (expense), net: | ||||
| Other expense, net | (1,544) | (927) | (4,021) | (1,038) |
| Interest expense | (1,450) | (4,490) | (2,980) | (6,254) |
| Interest income | 1 | 229 | 1 | 387 |
| (Loss) gain upon extinguishment of debt | (601) | 1,423 | (2,311) | 4,459 |
| Change in fair value of convertible notes | (278) | 7,202 | (1,628) | 6,629 |
| Change in fair value of earnout | (491) | — | (517) | — |
| Change in fair value of derivatives | 491 | (462) | 164 | (1,949) |
| Change in fair value of digital assets | — | 125 | — | 125 |
| Change in fair value of warrants | 140 | 544 | 807 | 993 |
| Total other (expense), net | (3,732) | 3,644 | (10,485) | 3,352 |
| Net loss attributable to common stockholders | $(7,104) | $(2,180) | $(17,847) | $(8,782) |
| Net loss per share - basic and diluted | $(17.37) | $(149.29) | $(63.93) | $(874.39) |
| Weighted average common stock outstanding—basic and diluted | 408,871 | 14,602 | 279,176 | 10,044 |
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net loss | $(7,104) | $(2,180) | $(17,847) | $(8,782) |
| Other comprehensive (loss) gain: | ||||
| Foreign currency translation (loss) gain | 22 | 23 | (115) | 44 |
| Total comprehensive loss | $(7,082) | $(2,157) | $(17,962) | $(8,738) |
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
| 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 | ||||||||||||||
| Balance at December 31, 2024 | 4,658,737 | $1 | 1,500,000 | $ | - | 2,861,128 | $ | - | 2,003 | $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 | — | — | — | — | — | — | 1,174 | — | 1,594 | — | — | 1,594 | ||
| Issuance of Common stock upon conversion of convertible notes | — | — | — | — | — | — | 5,631 | 1 | 5,798 | — | — | 5,799 | ||
| Issuance of Common stock upon conversion of preferred stock | (100,000) | — | (1,060,118) | — | (2,801,250) | — | 2,555 | — | — | — | — | — | ||
| 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) | ||
| Balance at March 31, 2025 | 4,671,071 | 1 | 439,882 | - | 1,871,210 | 1 | 11,362 | 9 | 222,929 | 204 | (209,388) | 13,756 | ||
| Series A Preferred dividends declared and paid in kind | 128,796 | — | — | — | — | — | — | — | 258 | — | (258) | — | ||
| Series C Preferred dividends declared and paid in kind | — | — | — | — | 68,311 | — | — | — | 137 | — | (137) | — | ||
| Issuance of Common stock upon conversion of convertible notes | — | — | — | — | — | — | 8,127 | 1 | 4,224 | — | — | 4,225 | ||
| Issuance of Common stock upon conversion of preferred stock | — | — | (31,107) | — | (729,366) | — | 641 | — | — | — | — | — | ||
| Reverse stock split settlement of fractional shares | — | — | — | — | — | — | (1) | — | — | — | — | — | ||
| Stock-based compensation | — | — | — | — | — | — | — | — | 450 | - | - | 450 | ||
| Foreign currency translation gain | — | — | — | — | — | — | — | — | - | 23 | - | 23 | ||
| Net loss | — | — | — | — | — | — | — | — | - | - | (2,180) | (2,180) | ||
| Balance at June 30, 2025 | 4,799,867 | $1 | 408,775 | $ | - | 1,210,155 | $1 | 20,129 | $10 | $227,998 | $227 | $(211,963) | $16,274 | |
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
| Convertible Preferred Stock Series E · 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 (loss) · Accumulated Deficit · Treasury Stock · Total Stockholders' Equity | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | |||||||||||||||||||||||
| Balance at December 31, 2025 | 1,300,000 | $2,304 | — | $ | - | 4,414,745 | $1 | 408,775 | $ | - | 1,534,921 | $1 | 43,930 | $ | - | $233,817 | $113 | $(227,542) | $ | - | $6,390 | ||
| Issuance of Common stock from At the Market offering | — | — | — | — | — | — | — | — | — | — | 41,428 | — | 1,463 | — | — | — | 1,463 | ||||||
| Issuance of Common stock upon conversion of convertible notes | — | — | — | — | — | — | — | — | — | — | 161,059 | 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 | — | — | — | — | — | — | — | — | — | — | (4) | — | — | — | — | — | — | ||||||
| Issuance of Common stock upon settlement of debt | — | — | — | — | — | — | — | — | — | — | 47,445 | 1 | 831 | — | — | — | 832 | ||||||
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — | 248 | — | — | — | 248 | ||||||
| Foreign currency translation loss | — | — | — | — | — | — | — | — | — | — | — | — | — | (137) | — | — | (137) | ||||||
| Net loss | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (10,743) | — | (10,743) | ||||||
| Balance at March 31, 2026 | 1,300,000 | 2,304 | - | - | 4,414,745 | 1 | 408,775 | - | 2,623,176 | 2 | 293,858 | 2 | 243,976 | (24) | (238,285) | - | 5,672 | ||||||
| Issuance of Common stock upon conversion of convertible notes | — | — | — | — | — | — | — | — | — | — | 246,951 | — | 1,939 | — | — | — | 1,939 | ||||||
| Issuance of Series C Preferred stock under settlement agreement | — | — | — | — | — | — | — | — | 225,681 | — | — | — | 408 | — | — | — | 408 | ||||||
| Reclassification of preferred stock into permanent equity | (1,300,000) | $(2,304) | 1,300,000 | 2,304 | — | — | — | — | — | — | — | — | — | — | — | — | 2,304 | ||||||
| Repurchase and retirement of common stock | — | — | — | — | — | — | — | — | — | — | (34,882) | — | — | — | — | (199) | (199) | ||||||
| Issuance of Common stock upon settlement of debt | — | — | — | — | — | — | — | — | — | — | 8,540 | — | 79 | — | — | — | 79 | ||||||
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — | 223 | — | — | — | 223 | ||||||
| Foreign currency translation gain | — | — | — | — | 22 | 22 | |||||||||||||||||
| Net loss | — | — | — | — | (7,104) | (7,104) | |||||||||||||||||
| Balance at June 30, 2026 | — | $ | - | 1,300,000 | $2,304 | 4,414,745 | $1 | 408,775 | $ | - | 2,848,857 | $2 | 514,467 | $2 | 246,625 | $(2) | $(245,389) | $(199) | $3,344 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.