TRNR News & Events

The Company expects second quarter 2026 revenue of approximately $8M and an Adjusted EBITDA loss of less than $1M. The Company expects 2026 full year pro forma revenue of more than $30M, which does not assume any additional acquisitions. TRNR's reported revenue is expected to grow at approximately 136% CAGR from 2024, based on expected 2026 pro forma revenue. The Company's Adjusted EBITDA loss is expected to improve from $1.8M in the first quarter of 2026 to be less than $1M in the second quarter. The Company expects to achieve run-rate Adjusted EBITDA profitability by year-end The Company is working actively on additional potential acquisitions, with two Letters of Intent submitted in May. Trent Ward, CEO of TRNR, stated: "Our Q2 report in August will include the first full quarter with Ergatta consolidated alongside Wattbike. We expect to report record figures, consistent with the guidance we issued in May 2026 during our first quarter earnings reporting. The expected strong results should underscore the success of our recent acquisitions and overall M&A growth model. We look forward to sharing more information about the existing business and potential acquisitions later this summer."

Interactive Strength published an updated investor presentation detailing its acquisition-driven operating strategy, the contribution of recently completed acquisitions, and an increased M&A pipeline. The updated presentation reflects the Company's transformation through the Wattbike and Ergatta acquisitions, the resulting growth in revenue and operating leverage, and current activity across its acquisition pipeline. The Company has submitted letters of intent to acquire two additional businesses and is analyzing other opportunities in parallel. Trent Ward, CEO, stated: "Wattbike and Ergatta are early proof of an operating model that works. We aim to acquire profitable, cash-flow-accretive businesses at attractive multiples, integrate them with discipline, and use the combined platform to accelerate growth. The updated presentation lays out that strategy clearly and shows the financial trajectory it has produced. Our M&A pipeline is the most active it has been since we began this strategy. Both letters of intent submitted in May target businesses that fit our acquisition profile of profitable, cash-flow-accretive companies at less than five times EBITDA. We expect this pace of activity to continue, and each completed transaction is expected to increase the Company's scale and profitability beyond the existing $30M in 2026 pro forma revenue guidance."

TRNR confirms its 2026 full year guidance of more than $30 million in pro forma group revenue, driven by the full year inclusion of Wattbike and Ergatta. The Company's 2026 guidance does not assume any additional acquisitions, which would be expected to result in an increase in guidance.