Interactive Strength Raises FY2026 Pro Forma Sales Guidance To $50M+; Sees Profitability In Q4 2026

Interactive Strength Inc. (NASDAQ: TRNR ) ("TRNR" or the "Company"), owner of the Wattbike, CLMBR, FORME, and Ergatta connected fitness brands, and pending acquirer of STEPR, today announced that it had updated its Investor Presentation, highlighting the increase of its 2026 pro forma revenue guidance of more than $50 million and its expectation of achieving profitability in the fourth quarter of 2026.

In just over twelve months, TRNR has added three profitable, cash-flow-generative fitness equipment brands to its portfolio.

Wattbike closed in July 2025 and Ergatta closed in March 2026.

On July 7, 2026, the Company signed a definitive agreement to acquire STEPR, the category leader in connected stair climbing, in a transaction expected to close in the fourth quarter of 2026.

Together, Wattbike, CLMBR, FORME, Ergatta and STEPR give the Company five brands across home and commercial fitness.

The updated investor presentation details the financial trajectory that TRNR's acquisition strategy has produced and the terms on which the Company structures its acquisitions.

Reported revenue grew from $5.4 million in 2024 to $11.5 million in 2025, and the Company expects more than $50 million in 2026 pro forma revenue with the addition of STEPR.

Typically, the vast majority of acquisition consideration is funded in equity that is locked up and contingent on the acquired business meeting future performance targets and a very small portion of is funded in cash at close.

The STEPR transaction is expected to be completed at an enterprise value of less than four times its 2027 EBITDA, with a substantial portion of the consideration payable only if STEPR reaches defined EBITDA thresholds through June 2028.