Interactive Strength, Inc.
TRNRNasdaqTechnology · Electronic & Other Electrical Equipment (No Computer Equip) · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $11.5M | $5.4M | $962,000 | $681,000 |
| Operating income | −$19.9M | −$29.2M | −$54.5M | −$54.3M |
| Net income | −$24.0M | −$34.9M | −$51.4M | −$58.2M |
| Total assets | $46.8M | $34.2M | $16.8M | $24.4M |
| Total liabilities | $38.1M | $27.1M | $22.4M | $27.2M |
| Equity | $6.4M | $7.1M | −$5.6M | −$2.7M |
| EPS (diluted) | $-171.77 | $-16328.50 | $-16614.85 | $-119.49 |
| Shares out. | 8.0M | 19.5M | 3,548 | 2.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −172.2%
- Net margin
- −207.9%
- Return on equity
- −375.1%
- Return on assets
- −51.2%
- Return on capital (ROCE)
- −127.6%
- Liabilities / assets
- 81.4%
- Debt / equity
- 5.97×
- Book value / share
- $0.80
- Revenue growth (YoY)
- 114.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -20.83distress
- Accruals / assets
- −28.9%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 56,913 | 1.0 | -21.2% |
| Apr 30, 2026 | 72,225 | 1.0 | +36.1% |
| Apr 15, 2026 | 53,055 | 1.0 | -53.8% |
| Mar 31, 2026 | 114,781 | 1.0 | +427.6% |
| Mar 13, 2026 | 21,755 | 1.0 | -43.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Unregistered equity saleApr 3, 2026
- Completed an acquisition or disposition · Unregistered equity saleMar 16, 2026
- Amended charter or bylawsMar 11, 2026
- Other material eventMar 6, 2026
- Entered a material agreement · Other material eventMar 5, 2026
- Unregistered equity sale · Amended charter or bylaws · Other material eventFeb 25, 2026
- Entered a material agreement · Other material eventFeb 23, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleFeb 11, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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