Interactive Strength Inc. (TRNR) Stock

Interactive Strength Inc. (TRNR) is a Industrials stock trading at $2.89 (as of 2026-08-20), with a market capitalization of $1.03M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Interactive Strength Inc., doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Understand Interactive Strength Inc.: how it makes money

FORMe, part of Interactive Strength Inc., sells connected fitness hardware (the Forme Studio and Forme Studio Lift), and also monetizes the platform through video on-demand classes and personal training and expert health coaching, sold via retail stores and online.

The business combines one-time product sales (connected fitness mirrors and related accessories) with ongoing monetization through digital classes and coaching that are tied to using the platform.

Business quality (Weak): Clear description of the product and monetization types, but the dataset provides no official reportable segments and no operational KPIs to track, so investor focus points are limited.

Bull case

  • End-to-end platform offering: It sells connected fitness mirror hardware (Forme Studio and Forme Studio Lift) and also offers video on-demand classes plus personal training and expert health coaching services.
  • Multiple go-to-market channels: Products are sold through retail stores and online.

Bear case

  • Profitability pressure: In the quarter ended 2026-03-31, operating margin was -77.6%.
  • Execution and demand risk centered on hardware sales: The company’s offering includes hardware purchases (fitness mirrors and related accessories), which can be sensitive to consumer demand and purchasing cycles.
Valuation — source: SEC EDGAR (first-party)
Price$2.89
Market Cap$1.03M
Price / Book0.31
Price / Sales0.05
FCF Yield-1098.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.53M
Net Margin-207.9%
Revenue Growth (YoY)114.3%
EPS Growth (YoY)5.2%
FCF Growth (YoY)-29.1%
Financial Health — source: SEC EDGAR
Altman Z-Score-8.29 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderGEODE CAPITAL MANAGEMENT, LLC ($44099.00)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOTrent Alexander Ward
Employees26
CountryUS
IPO Date2023-05-01

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TRNR earnings history · TRNR institutional & insider holders · TRNR KPIs & operating metrics · TRNR financials · TRNR investor presentations & press releases · TRNR SEC filings · TRNR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.