TRNR

Q2 2026 Reported Revenue of $6.6 Million, a 445% Increase Compared to Q2 2025 Adjusted EBITDA (non-GAAP) Loss Reduced to $0.6 Million From $1.8 Million in Q1 2026 Company Expects 2026 Pro Forma Revenue of More Than $50 Million and Adjusted EBITDA Profitability in Q4 STEPR Acquisition Expected to Close in the Fourth Quarter of 2026 and M&A pipeline is strong AUSTIN, TX / ACCESS Newswire / August 14, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner of the Wattbike, Ergatta, CLMBR and FORME connected fitness brands and pending acquirer of STEPR, today announced financial results for its second quarter ended June 30, 2026. Q2 2026 Financial Highlights Q2 2026 revenue was $6.6 million, a 445% increase compared to Q2 2025. Q2 2026 was the first full quarter of consolidation for Ergatta, which drove a doubling of gross profit from $1.6 million in Q1 2026 to $3.2 million in Q2 2026. Gross margin increased to 48%, as compared to 31% in Q1 2026. Q2 2026 Adjusted EBITDA (non-GAAP) loss was approximately $0.6 million, compared to an Adjusted EBITDA loss of approximately $1.8 million in Q1 2026. While the Q2 2026 Revenue was below the Company's guidance of approximately $8 million due to some commercial sales shifting to Q3 and UK-specific, World Cup-related softness in DTC, TRNR surpassed its guidance for an Adjusted EBITDA loss of less than $1 million. Trent Ward, CEO of TRNR, stated: "Q2 2026 is the first quarter where the earnings power of our M&A-driven operating strategy is showing in our reported results. We have stated that acquiring larger, profitable businesses would not just grow topline scale, but also increase group margins through operating leverage. This quarter's results demonstrate both: revenue grew 445% year over year, gross margin expanded 17 points sequentially to 48%, and our Adjusted EBITDA loss narrowed to roughly $0.6 million. We achieved all these results while holding six-month operating expenses essentially flat against revenue more than four times larger." Mr. Ward continued: "We are confirming our 2026 pro forma revenue guidance of more than $50 million. When we issued first-quarter results, we had guided to even higher second quarter revenue than we're reporting - but we expect to recover most of that shortfall over the balance of the year, with some commercial sales shifting to Q3 and UK DTC improving after the World Cup. Importantly, our Adjusted EBITDA loss was only $0.6 million and we expect to report positive Adjusted EBITDA in Q4." Mr. Ward concluded: "We have made good progress on the acquisition and integration of STEPR and expect to complete that transaction in Q4. If we include STEPR on a pro forma basis, we expect that we would already be profitable now in Q3, with quarterly revenues well in excess of $10 million. In addition, the M&A pipeline is getting more exciting every month, with a number of compelling opportunities currently being evaluated." STEPR Acquisition On July 7, 2026, the Company entered into a binding Stock Purchase Agreement to acquire STEPR, Inc., the category leader in connected stair climbing. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. STEPR is expected to generate more than $15 million in revenue in 2026, and the transaction is expected to be completed at an enterprise value of less than four times STEPR's 2027 EBITDA, with a substantial portion of the consideration payable only if STEPR reaches defined EBITDA thresholds through June 2028. Full Year and Q4 2026 Outlook TRNR expects 2026 pro forma revenue to exceed $50 million, including the pending acquisition of STEPR. The Company's 2026 guidance does not assume any acquisitions beyond STEPR, which would be expected to result in an increase in guidance. Additionally, the Company expects to report Adjusted EBITDA (non-GAAP) profitability in the fourth quarter of 2026 for the first time and to continue that positive trend going forward. When including STEPR, the Company is expected to have positive Adjusted EBITDA (non-GAAP) in the third quarter on a pro forma basis. TRNR expects to issue a shareholder letter in the coming days, with more details on the quarter and the initiatives that the Company has undertaken to increase its market capitalization above the $5.0 million threshold that is under consideration to become a Nasdaq continuing listing requirement. For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contact: [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, Ergatta, CLMBR and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Non-GAAP Financial Measures In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. The Company's non-GAAP financial measure in this press release consists of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired. Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Our use of Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools, including the following: Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements. Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy. Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us. Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets. Adjusted EBITDA does not reflect (gains) losses associated with debt extinguishments. Adjusted EBITDA does not reflect losses associated with vendor settlements. Adjusted EBITDA does not reflect transaction related expenses for the Wattbike, CLMBR, Ergatta and STEPR acquisitions. Adjusted EBITDA does not reflect non-cash fair value gains (losses) on convertible notes, preferred stock recognized as liabilities, contingent consideration, derivatives, warrants and unrealized currency gains (losses). Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the Company's 2026 full year guidance of more than $50 million in pro forma group revenue; the Company's expectation of achieving Adjusted EBITDA (non-GAAP) profitability in the fourth quarter of 2026; the Company's expectation of recovering its second quarter revenue shortfall in the second half of 2026; any related implied guidance for the third or fourth quarters of 2026; the expected closing of the acquisition of STEPR, Inc., the timing of that closing, the expected enterprise value and earnout structure of that transaction, and the expected revenue contribution of STEPR, including expected 2026 revenue of more than $15 million; the expected integration and performance of the Company's portfolio brands, including Wattbike, Ergatta, CLMBR, FORME and STEPR; the durability of the gross margin improvement described above and the expected continuation of operating leverage; the Company's ability to achieve operational and financial targets, including profitability at the group level; the expected effects of the Company's exchange agreements on its capital structure; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that the acquisition of STEPR is not completed, is delayed, or does not perform as expected; our ability to satisfy the closing conditions of the STEPR transaction, including the preparation of required audited financial statements; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; the material weaknesses in our internal control over financial reporting as disclosed in our periodic reports; our substantial indebtedness and the amounts scheduled to mature within the next twelve months; our ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market LLC; potential dilution to existing stockholders from the conversion or exchange of outstanding convertible securities; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Company Addresses Q2 and FY 2026 expectations, Run-rate profitability by year-end, Additional Potential Acquisitions and Results of Annual Meeting AUSTIN, TX / ACCESS Newswire / June 17, 2026 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced it had updated its FAQs, highlighting the expected increase in quarterly revenue by more than 50% in Q2 from Q1, the 2026 pro forma revenue guidance of more than $30 million, expectation to be run-rate profitable by year-end, additional potential acquisitions and the results of the annual meeting. The Company urges all shareholders to review the information and updates carefully. TRNR Investor Contact [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME ad'e- that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with apremium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. For more information about Interactive Strength, please visit www.interactivestrength.com. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the expected date of the Annual Meeting. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to successfully integrate Ergatta's operations; the ability to retain key personnel; the ability to achieve projected revenue, margin, retention and EBITDA targets; demand for our products and services; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Company Expects Q2 Adjusted EBITDA Loss of Less than $1 Million and 2026 Full Year Pro Forma Revenue of More Than $30 Million Run-rate Adjusted EBITDA Profitability Expected by Year End M&A Activity Continues with Two LOI's submitted in May AUSTIN, TX / ACCESS Newswire / June 16, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced that it will report financial results for its second quarter ended June 30, 2026 on Thursday, August 14, 2026. This will be the first quarter TRNR will report fully consolidated Ergatta results and the Company expects to report record quarterly revenue and profitability. TRNR 2026 Performance Summary The Company expects second quarter 2026 revenue of approximately $8 million and an Adjusted EBITDA loss of less than $1 million. The Company expects 2026 full year pro forma revenue of more than $30 million, 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 $1.8 million in the first quarter of 2026 to be less than $1.0 million 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. The Company expects to refresh and update its investor FAQ in the coming days. 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." TRNR Investor Contact: [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Non-GAAP Financial Measures This press release references Adjusted EBITDA, a non-GAAP financial measure, in connection with previously issued guidance. We define Adjusted EBITDA as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes Adjusted EBITDA is useful to investors because it is widely used to measure operating performance without regard to items that can vary substantially across companies depending on financing, capital structure, and the method by which assets were acquired, and because management uses it for planning and to evaluate the effectiveness of the Company's business strategy. The Company is unable to provide a quantitative reconciliation of its forward-looking Adjusted EBITDA guidance to the most directly comparable forward-looking GAAP measure without unreasonable effort, because certain items that affect the comparable GAAP measure, including stock-based compensation expense, fair value adjustments on convertible notes, derivatives and warrants, gains or losses on debt extinguishment, and transaction related expenses, are not reasonably estimable or are dependent on future events outside the Company's control. These items could be significant. Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, financial results prepared in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the timing of the Company's second quarter 2026 results; the Company's expectation of approximately $22 million in trailing-twelve-month revenue as of June 30, 2026; the Company's Q2 2026 revenue and Adjusted EBITDA loss guidance of approximately $8 million and less than $1 million, respectively; the Company's 2026 full year guidance of more than $30 million in pro forma group revenue; the expected revenue and operating income contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue and approximately $4 million in 2026 operating income; the expected integration and performance of the Company's portfolio brands, including Wattbike and Ergatta; the Company's ability to achieve operational and financial targets, including run-rate profitability at the group level; the existence and status of letters of intent submitted with acquisition targets, including the two acquisition targets referenced herein, none of which have reached definitive agreements and any or all of which may not result in completed transactions; the continued availability and use of the Company's $0.5 million Stock Repurchase Program; the Company's expectation that it will refresh and update its investor FAQ; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period and the realization of expected post-acquisition cost reductions at Ergatta; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that letters of intent with acquisition targets will not result in definitive agreements or completed transactions; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

AUSTIN, TX / ACCESS Newswire / May 21, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today published a shareholder letter providing additional CEO commentary on its strong first quarter results for 2026, increased guidance for its second quarter and its increasing operational momentum. There is further discussion on other positive developments such as increased M&A pipeline activity, $4.7 million in cash and cash equivalents at the end of March 2026, and more than 105,000 shares acquired under the Company's share repurchase program in the letter. The full shareholder letter is available on the Company's website. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at [email protected]. About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. [email protected] Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the Company's Q2 2026 revenue and adjusted EBITDA loss guidance of approximately $8 million and less than $1 million, respectively; the Company's 2026 full year guidance of more than $30 million in pro forma group revenue; the expected revenue and operating income contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue and approximately $4 million in 2026 operating income; the expected integration and performance of the Company's portfolio brands, including Wattbike and Ergatta; the Company's ability to achieve operational and financial targets, including run-rate profitability at the group level; the existence and status of letters of intent submitted with acquisition targets, including the two acquisition targets referenced herein, none of which have reached definitive agreements and any or all of which may not result in completed transactions; the continued availability and use of the Company's $0.5 million Stock Repurchase Program; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period and the realization of expected post-acquisition cost reductions at Ergatta; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that letters of intent with acquisition targets will not result in definitive agreements or completed transactions; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Q1 2026 Reported Revenue of $5.1 Million, with Pro Forma Revenue of $7.7 Million and Pro Forma Adjusted EBITDA (non-GAAP) Loss of $1.1 Million Company Provides Q2 2026 Guidance Of Approximately $8 Million In Revenue With Adjusted EBITDA (non-GAAP) Loss Of Less Than $1 Million; Confirms 2026 Pro Forma Revenue Guidance Of More Than $30 Million Stock Repurchase Program Active in May with Approximately 105,000 Shares Repurchased at an average of $0.92 per share; No ATM usage since February as $4.7 Million in Cash on hand at end of Q1 Increase in M&A Activity with two LOIs submitted in May and Analyzing Additional Targets AUSTIN, TX / ACCESS Newswire / May 20, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced financial results for its first quarter ended March 31, 2026. Q1 2026 Financial Highlights Q1 2026 revenue was $5.1 million, a 279% increase compared to $1.4 million in Q1 2025. Reported revenue reflects 21 days of Ergatta consolidation following the March 11, 2026 acquisition close. On a pro forma basis that includes Ergatta for the full quarter, Q1 2026 revenue was approximately $7.7 million. Q1 2026 Adjusted EBITDA (non-GAAP) loss was approximately $1.8 million, compared to an Adjusted EBITDA loss of $2.5 million in Q1 2025. On a pro forma basis, including Ergatta for the full quarter, Q1 2026 Adjusted EBITDA (non-GAAP) loss was approximately $1.1 million. Cash and cash equivalents at March 31, 2026 were $4.7 million, compared to $0.5 million at December 31, 2025. Trent Ward, CEO of TRNR, stated: "Q1 2026 is the clearest demonstration to date of our strategy of accretive M&A and operating discipline delivering on both ends of the income statement in the same quarter, with pro forma revenue growing 87% as compared to Q4 2025, and pro forma adjusted EBITDA loss improving by 57%. Our Q2 2026 guidance of approximately $8 million in revenue and Adjusted EBITDA loss of less than $1 million should demonstrate to investors that the group's strong improvements should continue." Mr. Ward continued: "The pro forma Q1 figures, and Q2 guidance highlight the positive impact of Wattbike and Ergatta, two successful acquisitions that reflect the model the Company has been employing. These results underpin the Company's guidance of more than $30 million in 2026 pro forma group revenue and achieving run-rate profitability at the group level and should reassure investors that those objectives are well within reach. The achievement of these milestones is expected to accelerate as we source and integrate additional, acquired businesses into the TRNR portfolio." "With respect to our M&A pipeline," shared Mr. Ward, "we have submitted letters of intent for two different potential targets, both fitting our profile of profitable, cash-flow-accretive businesses at attractive earnings multiples. We continue to evaluate other opportunities in parallel and look forward to sharing more about these exciting companies when appropriate." Mr. Ward concluded: "Lastly, we have been utilizing our $0.5 million stock repurchase program since May 5, and have purchased 105,000 shares of common stock. The remaining authorization continues to be available, subject to applicable trading windows and market conditions. We have not used the Company's At-the-Market facility since February and reported $4.7 million in cash on the balance sheet at the end of Q1." Acquisition Integration Update Q1 2026 reporting consolidates Wattbike for the full quarter, and consolidates Ergatta for the 21 days of since the March 11, 2026 acquisition close. The Company believes that the pro forma figures that include Ergatta's entire Q1 results are more appropriate to understand the underlying TRNR performance. Additionally, the audited historical financial statements of Ergatta for the years ended December 31, 2025 and 2024, and unaudited pro forma combined financial information of Interactive Strength and Ergatta, were filed on Form 8-K/A with the Securities and Exchange Commission on May 12, 2026. As disclosed in the Form 8-K/A, Ergatta's standalone 2025 results included net revenue of $12.4 million, gross profit of $7.2 million (representing a gross margin of approximately 58%), income from operations of $1.1 million, and net income of $0.7 million. Ergatta had cash and cash equivalents of $3.5 million at December 31, 2025. Pro forma combined 2025 revenue of Interactive Strength and Ergatta, as if the acquisition had been completed on January 1, 2025, was $24.0 million. Q2 2026 and Full Year 2026 Outlook The Company expects Q2 2026 revenue of approximately $8 million, reflecting the first full quarter of Ergatta consolidation alongside Wattbike. The Company expects Q2 2026 adjusted EBITDA (non-GAAP) loss of less than $1 million. 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. TRNR expects to issue a shareholder letter in the coming days. For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contact: [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Non-GAAP Financial Measures In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. The Company's non-GAAP financial measure in this press release consists of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired. Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Our use of Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools, including the following: Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements. Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy. Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us. Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets. Adjusted EBITDA does not reflect (gains) losses associated with debt extinguishments. Adjusted EBITDA does not reflect losses associated with vendor settlements. Adjusted EBITDA does not reflect transaction related expenses for the Wattbike, CLMBR, and Ergatta acquisitions. Adjusted EBITDA does not reflect non-cash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses). Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the Company's Q2 2026 revenue and adjusted EBITDA loss guidance of approximately $8 million and less than $1 million, respectively; the Company's 2026 full year guidance of more than $30 million in pro forma group revenue; the expected revenue and operating income contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue and approximately $4 million in 2026 operating income; the expected integration and performance of the Company's portfolio brands, including Wattbike and Ergatta; the Company's ability to achieve operational and financial targets, including run-rate profitability at the group level; the existence and status of letters of intent submitted with acquisition targets, including the two acquisition targets referenced herein, none of which have reached definitive agreements and any or all of which may not result in completed transactions; the continued availability and use of the Company's $0.5 million Stock Repurchase Program; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period and the realization of expected post-acquisition cost reductions at Ergatta; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that letters of intent with acquisition targets will not result in definitive agreements or completed transactions; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

TRNR Preliminary Pro Forma Q1 26 Revenue is Expected to be approximately $7.7 million; Preliminary Reported Q1 2026 Revenue Expected to be More Than $5.0 Million, Reflecting 21 Days of Ergatta Consolidation; TRNR May 12 Form 8-K/A Discloses Ergatta Full-Year 2025 Net Revenue of $12.4 Million, Income from Operations of $1.1 Million, and Net Income of $0.7 Million Pro forma combined 2025 revenue of Interactive Strength and Ergatta, as if the acquisition had been completed on January 1, 2025, was $24.0 million AUSTIN, TX / ACCESS Newswire / May 13, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced that it expects to report its first quarter 2026 financial results on May 20, 2026, due to additional time required to incorporate the financials of the most recent acquisition, Ergatta. In connection with today's announcement, the Company is providing a preliminary preview of Q1 2026 top-line results. It is also highlighting the May 12 Form 8-K/A, which provides Ergatta, Inc.'s audited, historical financial statements for the fiscal years ended December 31, 2025 and 2024 and unaudited pro forma combined financial information of Interactive Strength and Ergatta. Trent Ward, CEO of TRNR, stated: "We are excited to report the first set of financials that begin to consolidate Ergatta, and we wanted to provide notice that we would be utilizing the automatic five-day extension and are expecting to report Q1 on May 20. There is additional work when integrating an acquisition into our reporting and we want to ensure we have sufficient time to complete the work." "We are expecting to report Q1 2026 revenue of more than $5.0 million, reflecting the 21 days of Ergatta's performance that are included in the quarter. On a pro forma basis, which demonstrates the group performance as if Ergatta were included for the full quarter, we expect to have generated approximately $7.7 million in Q1 revenue. We expect to provide complete Q1 financials, summary Q2 forward guidance, and updated commentary on our acquisition pipeline and stock repurchase program on May 20." "Lastly, we filed the 8-K/A for the Ergatta transaction on May 12 and this reports Ergatta's audited 2025 financials and the pro forma combined financial information of Interactive Strength and Ergatta into the public record. The historical numbers describe a business that, on a standalone basis in 2025, generated $12.4 million in revenue, $7.2 million in gross profit at a 58% gross margin, $1.1 million in income from operations, and $0.7 million in net income. Due to cost cutting as a result of the acquisition, we are expecting Ergatta's operating income to be approximately $4.0 million in 2026." Q1 2026 Earnings Release Date TRNR expects to issue its Q1 2026 earnings release on May 20, 2026. The Company is expected to file a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission to use the standard five-calendar-day-extension. The additional time supports completion of the Company's integration accounting following the March 11, 2026 closing of the Ergatta acquisition. Preliminary Q1 2026 Revenue Preview Based on preliminary, unaudited results, the Company expects to report Q1 2026 revenue of more than $5.0 million. This preliminary figure reflects the first full quarter of Wattbike consolidation following the July 1, 2025 acquisition close, and 21 days of Ergatta consolidation following the March 11, 2026 acquisition close. When including Ergatta for the full period, revenue would have been approximately $7.7 million. Final results, including net loss, Adjusted EBITDA (non-GAAP), and a complete reconciliation, will be reported on May 20, 2026. The Company also reiterates that it expects 2026 full year pro forma revenue of more than $30 million. Form 8-K/A Disclosures: Ergatta Historical and Pro Forma Combined Financial Information On May 12, 2026, the Company filed a Current Report on Form 8-K/A providing the audited historical financial statements of Ergatta, Inc. for the fiscal years ended December 31, 2025 and 2024 and unaudited pro forma combined financial information of Interactive Strength and Ergatta. The 8-K/A amends the Company's original Form 8-K dated March 11, 2026 reporting the closing of the Ergatta acquisition. Selected Ergatta historical financial information for the year ended December 31, 2025 disclosed in the Form 8-K/A includes: Net revenue of $12.4 million, including $8.5 million of subscription and content licensing revenue (an increase from $7.7 million in 2024). Gross profit of $7.2 million, representing a gross margin of approximately 58%. Income from operations of $1.1 million. Net income of $0.7 million. Cash and cash equivalents of $3.5 million as of December 31, 2025. Pro forma combined 2025 revenue of Interactive Strength and Ergatta, as if the acquisition had been completed on January 1, 2025, was $24.0 million, as reported in the Form 8-K/A. The pro forma combined financial information is presented for illustrative purposes only and is not necessarily indicative of results that would have been reported. The full Form 8-K/A, including the audited Ergatta financial statements and the unaudited pro forma combined financial information, is available on the Company's investor relations website and through the SEC's EDGAR system. For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contact: [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to: the Company's expected May 20, 2026 issuance of its Q1 2026 earnings release; the Company's expected timing of filing its Quarterly Report on Form 10-Q within the standard five calendar day extension period available under Rule 12b-25; the Company's preliminary Q1 2026 revenue expectation of approximately $5.1 million, which is preliminary and unaudited and which may differ materially from final reported results; the Company's previously disclosed 2026 pro forma revenue guidance of more than $30 million; the expected continued integration and performance of Wattbike and Ergatta; and the Company's ability to achieve operational and financial targets. The unaudited pro forma combined financial information referenced in this press release is presented for illustrative purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized had the acquisition been completed on the dates indicated, nor is it indicative of future operating results or financial position. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the Company's ability to complete the preparation and filing of its Quarterly Report on Form 10-Q within the extension period; the possibility that final Q1 2026 financial results may differ materially from the preliminary unaudited revenue figure presented herein; demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

AUSTIN, TX / ACCESS Newswire / April 1, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today published a shareholder letter providing additional CEO commentary on 2025's record results. The full shareholder letter is available on the Company's website. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at [email protected]. About Interactive Strength Inc. Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development. From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. For more information about Interactive Strength, please visit www.interactivestrength.com. Investor Contact: [email protected] Forward-Looking Statements This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's 2026 revenue guidance of more than $30 million; the expected revenue and EBITDA margin contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue at approximately 30% EBITDA margins and monthly net revenue retention of more than 98%; the expected integration and performance of the Company's portfolio brands; and the Company's ability to achieve operational and financial targets. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Full-Year Net Loss of $24.0 Million; Full Year Adjusted EBITDA Loss of Approximately $9.6 Million 2025 Revenue would have been $20.7 Million if Wattbike had been Consolidated for the Full Year (Acquisition Closed July 1, 2025) Revenue and Earnings from the Acquisition of Ergatta Will Be Reported Starting in Q1 2026 AUSTIN, TX / ACCESS Newswire / March 31, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced financial results for its fourth quarter and full year ended December 31, 2025. Annual Financial Highlights For the full year, TRNR reported record revenue of $11.5 million, representing 114% year-over-year growth versus $5.4 million in 2024, a net loss of $24.0 million - a 31% improvement from 2024 - and an adjusted EBITDA loss of approximately $9.6 million (non-GAAP). Full year gross margin increased to 7.9%, which is an improvement of approximately 60% in gross margin from 2024. Fourth quarter revenue of $4.1 million was the highest revenue quarter of the year, with a gross margin of 14.1%. Full year revenue would have been $20.7 million if Wattbike had been consolidated for the entire year as opposed to the partial year, as the acquisition was closed on July 1, 2025. No financials from Ergatta have been included as that acquisition closed after the fiscal year ended. Outlook TRNR confirmed its 2026 full year guidance of more than $30 million in pro forma revenue, driven by the full-year consolidation of Wattbike and the addition of Ergatta, which closed March 11, 2026. Ergatta is expected to generate more than $10 million in 2026 revenue at approximately a 30% EBITDA margin and monthly net revenue retention of more than 98%. The Company's 2026 guidance does not assume any additional acquisitions, which would be expected to result in an increase in guidance. TRNR's $0.5 million Stock Repurchase Program would represent approximately 19% of the 2.1 million shares outstanding at the most recent closing price. TRNR CEO, Trent Ward, stated that: "While 2025's record results have started to show some of the progress we have made, the developments of the first few months of 2026 have accelerated the groundwork required for TRNR's transformation. Three weeks ago, we acquired Ergatta, which we expect will generate cashflow for the group with no dilution in 2026, and drive our 2026 revenue to more than $30 million on a pro forma basis. In early March, we received $6.4 million from Sportstech, which was a full recovery of our capital, plus a return beyond expenses that has led to TRNR's first stock repurchase program, representing 19% of the shares outstanding at the last closing price. And, our post-acquisition work on Wattbike is starting to bear fruit and we believe that transaction will be a home run, which we look forward to sharing more about later this year." Mr. Ward continued: "Through a combination of Ergatta's strong profitability being added to the group, and the expected improvement in Wattbike's earnings from our initiatives, we expect to achieve run-rate profitability within the next twelve months at the group level. This stronger earnings profile is further supported by the successful recovery of the Sportstech loan, leading to a significantly stronger liquidity and runway profile than we ever have had. We believe this demonstrates the effectiveness of our acquisition-driven growth model and we are actively pursuing additional accretive transactions to accelerate that profitability milestone." For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR expects to issue a shareholder letter in the coming weeks. TRNR Investor Contact: [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development. Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics. From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Non-GAAP Financial Measures In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. The Company's non-GAAP financial measure in this press release consists of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired. Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Our use of Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools, including the following: Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements. Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy. Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us. Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets. Adjusted EBITDA does not reflect (gains) losses associated with debt extinguishments. Adjusted EBITDA does not reflect losses associated with vendor settlements. Adjusted EBITDA does not reflect transaction related expenses for the Wattbike, CLMBR, and Ergatta acquisitions. Adjusted EBITDA does not reflect non-cash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses). Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's 2026 revenue guidance of more than $30 million; the expected revenue and EBITDA margin contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue at approximately 30% EBITDA margins and monthly net revenue retention of more than 98%; the expected integration and performance of the Company's portfolio brands; and the Company's ability to achieve operational and financial targets. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Quarterly Results Reflect First Full Quarter Including Wattbike (Acquisition Closed July 1) Company Reports Record Quarterly Revenue of $4.8 Million; Net Loss and Loss per Diluted Share of $5.2 Million and $3.11; Quarterly Adjusted EBITDA Loss of $2.9 million, Due to Low Inventory Availability Sportstech Acquisition Expected to Close in 2025 Based on Key Closing Milestone Achievements Reiterates 2025 Pro Forma Revenue Guidance of more than $80 million and Fourth Quarter Profitability Guidance AUSTIN, TEXAS / ACCESS Newswire / November 14, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer of Sportstech, today announced financial results for its third quarter ended September 30, 2025. Quarterly Financial Highlights For the quarter, TRNR reported record revenue of $4.8 million, representing 139% YoY growth, a net loss of $5.2 million - or $3.11 per diluted share - and an adjusted EBITDA loss of $2.9 million (non-GAAP). Results this quarter include Wattbike (closed July 1), but not Sportstech, which is still in the closing process. However, if Sportstech had been included in the third quarter, TRNR revenue would have been approximately $18 million. Outlook TRNR is reiterating its full‑year 2025 pro forma revenue guidance of more than $80 million, driven by the stronger-than-expected-performance at Sportstech year-to-date and the expectation that the acquisition will close this year. TRNR is also reiterating its guidance that it expects to achieve pro forma Adjusted EBITDA profitability in the fourth quarter. TRNR's new CFO, Caleb Morgret, will succeed Mike Madigan as of the filing of the Company's 10-Q after market close today. Sportstech Performance and Acquisition Based on achieving certain key closing milestones this month, TRNR expects that the Sportstech acquisition will successfully close this year. Further details will be shared with investors over the next few weeks as both Companies work towards completing this transformational combination. Sportstech previously announced third quarter revenue of approximately $13 million and a third-quarter EBITDA margin increase of more than 200bps YoY, leading to an LTM EBITDA margin of more than 10%. Trent Ward, Co-Founder and CEO stated: "Q3 revenue growth of 139% is starting to demonstrate the potential of our platform as we progress towards greater scale, thanks to closing Wattbike. We have kicked off cost savings initiatives to harvest group synergies and we remain excited to see that work start to come through in reported financials." "Most importantly, we have made tremendous progress on closing the Sportstech acquisition, and we expect that we will complete the transaction in 2025," Mr. Ward continued. "The addition of our new CFO, Caleb, who is based in Europe and German-speaking, has been a key factor in the acceleration of progress on the closing procedures. Despite the delay, Sportstech has continued to perform above expectations, and we are very excited to complete this transformational acquisition very soon." Mr. Ward continued: "We are confident that, on a pro forma basis, the group will have more than $80 million in 2025 revenue as well as turn profitable in the fourth quarter. Lastly, we want to express our utmost appreciation for the efforts of Mike Madigan over the past three years - he has done an incredible job and is leaving us in a strong position." For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR expects to issue a shareholder letter within the next week or two. TRNR Investor Contact [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (Nasdaq: TRNR) has established a leading portfolio of premium fitness brands-Wattbike, CLMBR, and FORME-that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development. From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only. Non-GAAP Financial Measures In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. The Company's non-GAAP financial measure in this press release consist of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired; Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance; and Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitate period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Our use of Adjusted EBITDA, or any other non-GAAP financial measures we may use in the future, is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools. Some of these limitations are, or may in the future be, as follows: Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA excludes stock-based compensation expense, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy; Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us; Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets; Adjusted EBITDA does not reflect (gains) losses associated with debt extinguishments. Adjusted EBITDA does not reflect losses associated with vendor settlements. Adjusted EBITDA does not reflect transaction related expenses for CLMBR and Wattbike acquisitions and pending acquisition of Sportstech. Adjusted EBITDA does not reflect noncash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses). Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. For example, the expenses and other items that we exclude in our calculation of Adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from Adjusted EBITDA when they report their operating results. Because companies in our industry may calculate such measures differently than we do, their usefulness as comparative measures is limited. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding, the possibility of acquiring future businesses or completing the referenced pending transaction in 2025, a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $80m of pro forma revenue in 2025, achieving profitability in Q4, and the financial performance of the acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company's reported financials and (b) due to the effect of the exchange rates of foreign currencies which can be volatile, or that the Company's 10-Q will be filed today or that the business is in a strong position with the departure of the CFO. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products and the products of the acquisition targets if the acquisitions are completed (collectively, the "Products"); competition, including technological advances made by and new products released by our competitors and the competitors of the acquisition targets; our ability to accurately forecast consumer demand for our Products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our Products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Sportstech Revenue Growth Accelerated from 18% YoY in Second Quarter, and is Expected to Surpass 30% YoY in Fourth Quarter Current FX Rates Indicate that Sportstech's LTM September 2025 Revenue Would Be Approximately $58M with $6M in LTM EBITDA TRNR Confirms that All Parties Working Diligently on Completing Acquisition Closing Requirements AUSTIN, TEXAS / ACCESS Newswire / November 5, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today provided an update to its shareholders about the recently released results of Sportstech Brands Holding GmbH ("Sportstech"), its pending acquisition target. Earlier today, Sportstech announced third quarter 2025 revenue of more than $13M at current FX rates, representing 24% YoY growth, an acceleration from 18% YoY in the second quarter. Sportstech shared that it expects a further acceleration in revenue growth in the fourth quarter, its highest-revenue quarter, to expected growth of more than 30% YoY. Sportstech noted that this acceleration in its revenue growth is directly driven by increased inventory availability as a result of ongoing coordination with, and working capital from ,TRNR. The target company indicated that last twelve months ("LTM") performance was approximately $58M in revenue, with $6M in positive EBITDA at current FX rates (reported in local currency as €50M in LTM Revenue and more than €5M in LTM EBITDA). Sportstech third quarter EBITDA margin increased by more than 200bps YoY to leading to LTM EBITDA margin of more than 10%. Ali Ahmad, Founder and CEO of Sportstech, said in the press release that the "continued monthly and YoY momentum shows just how much demand there is for our products and fitness content, when we're coordinated with the larger TRNR platform and have better access to working capital." Mr. Ahmad also shared that: "The addition of Caleb Morgret to the TRNR team is helping us also accelerate the completion of the closing requirements. Our big ambitions remain, and we expect the post-closing period to be even more exciting than our growth is currently." Trent Ward, Co-Founder and CEO of TRNR, commented that: "We remain pleased by Sportstech's strong performance - which validates our investments in it to date, and confirms the potential of the pending acquisition. With our most senior finance executive now on the ground in Europe working directly with the Sportstech team, we have increased confidence that we'll complete the final deal closing requirements quickly. We look forward to sharing more about the deal and the exciting initiatives that are ahead for Sportstech." For more commentary, information and details on the rationale for and structure of the expected acquisition, please see TRNR's investor presentation on the Company's investor website as well as its required filings with the US Securities and Exchange Commission (SEC). TRNR Investor Contact [email protected] About Interactive Strength Inc.: Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development. From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of completing the acquisition of Sportstech in a timely manner or at all, the financial performance of the acquisition target, including the reported financials of Sportstech that have not been audited or reviewed by a PCAOB auditor and could vary materially once that audit or review work is completed and such financials are included in the Company's reported financials, as well as the effect of the exchange rates of foreign currencies which can be volatile, in addition to any statements regarding the future performance or initiatives of Sportstech. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products and for Sportstech's products if the acquisition is completed (collectively, the "Products"); competition, including technological advances made by and new products released by our and Sportstech's competitors; our ability to accurately forecast consumer demand for our Products and adequately maintain inventory of our Products; and our reliance on a limited number of suppliers and distributors for our Products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire

Revenue Growth Accelerated from 18% YoY in Second Quarter, and is expected to Surpass 30% YoY in Fourth Quarter Third Quarter EBITDA margin increased by more than 200bps YoY, leading to LTM EBITDA margin of more than 10% LTM Revenue Surpasses €50M with More than €5M in LTM EBITDA Company is Working on Completing Acquisition Closing Requirements BERLIN, DE / ACCESS Newswire / November 5, 2025 / Sportstech Brands Holding GmbH ("Sportstech" or the "Company"), a leading provider of connected fitness equipment and digital content in Europe, today provided an update on its continued top-line momentum and positive EBITDA improvements as it works to finalize the closing of its pending acquisition by Interactive Strength Inc. (Nasdaq:TRNR). Sportstech reported that revenue in the third quarter of 2025 was 24% higher than the same period last year, coming in at almost €12 million. This is an acceleration from the 18% growth achieved in the second quarter of 2025. Given its fourth-quarter performance to date and planned new product releases, Sportstech expects that its revenue growth for the fourth quarter, its highest-revenue quarter, will accelerate still further and exceed 30% YoY. This acceleration continues to be driven by working capital from pending acquirer TRNR that increases inventory availability, enabling Sportstech to better meet consumer and market demands. For the last twelve months (LTM) through September, Sportstech has generated more than €50 million in revenue and more than €5 million in EBITDA. "Our continued monthly and YoY momentum shows just how much demand there is for our products and fitness content, when we're coordinated with the larger TRNR platform and have better access to working capital," said Ali Ahmad, Founder and CEO of Sportstech. "The addition of Caleb Morgret to the TRNR team also is helping us also accelerate the completion of the closing requirements. Our big ambitions remain, and we expect the post-closing period to be even more exciting than our growth is currently." The pending acquisition by TRNR is expected to close as soon as all approvals are received, and the partnership will combine Sportstech's strong European presence with TRNR's premium connected fitness brands, Wattbike, CLMBR and FORME, creating a more diverse and scalable international platform in the digital fitness and equipment category. About Sportstech Brands Holding GmbH: Sportstech is Germany's leading connected fitness brand, offering a unique ecosystem of smart fitness equipment, interactive digital content, and gamified training experiences. Headquartered in Berlin, the company serves over three million customers across the DACH region, France, and Spain - combining German engineering with a fast-moving, tech-driven approach to home fitness. Founded in 2012 by CEO Ali Ahmad, Sportstech was born out of a deeply personal mission to redefine the way people engage with fitness. What began as a transformation story became one of Europe's most dynamic direct-to-consumer fitness brands - driven by innovation, design, and a clear focus on long-term motivation. With a portfolio of display-equipped devices, proprietary apps, and exclusive content such as fitness games and AI-based training assistants, Sportstech empowers individuals to train smarter, stay consistent, and enjoy every step of their fitness journey. Contact: John Franklin [email protected] # # # SOURCE: Sportstech View the original press release on ACCESS Newswire

AUSTIN, TEXAS / ACCESS Newswire / October 24, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR, FORME and Wattbike brands and pending acquirer of Sportstech, today announced it will release financial results for its third quarter ended September 30, 2025 as the market opens on Friday, November 14, 2025. Following the filing of its Form 10-Q, the Company as usual will publish a shareholder letter that discusses the results and business outlook. For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contact [email protected] About Interactive Strength Inc. (Nasdaq:TRNR): Interactive Strength Inc. has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes known for unmatched accuracy, realistic ride feel, and advanced performance tracking-trusted by elite athletes, national teams, and fitness enthusiasts worldwide. CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective. FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development. Learn more at www.interactivestrength.com. Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the timing of the Company's third quarter filing, the contents of the filing as it relates to the Sportstech acquisition. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire