INTERACTIVE STRENGTH INC (TRNR)
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-09-04
$2.900.00%
Close 2026-09-04 · 1-day change
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-09-04
Intact: The reason to own it still holds.
Interactive Strength aims to grow revenue to $30 million in 2026. Gross profit rose from $0.59M to $1.61M in early 2026. The company completed key acquisitions to expand its market. These steps could help it recover from losses.
The company is still losing money with EPS far below zero. Its stock price dropped over 60% from highs. Legal and accounting issues add risk. Revenue growth may not reach targets.
The market expects about 53% revenue growth in the next year. Our fair value is near $13.39, reflecting the turnaround risks. The stock price is down 73% from consensus targets, showing high caution.
Breaks if: Ergatta acquisition not completed by mid 2026
Breaks if: Gross profit stays below $1.6 million after Q1 2026
Revenue falls below $30 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a medium confidence level. The company is currently loss-making and has volatile management, which adds to the uncertainty of its future performance.
The market appears to price in a low level of fragility, suggesting that while the stock is seen as cheap compared to peers, there is still a justified expectation of challenges ahead. The valuation reflects a significant expectations gap, indicating that the market may not fully account for the risks involved.
Fundamentals are likely to remain weak in the near term, with a high probability of missing earnings expectations. Although there has been some improvement in revenue and operating income, the overall financial performance is still below industry standards.
The thesis hinges on management's ability to successfully integrate the STEPR acquisition and improve profitability. Additionally, external factors like inflation and sector performance from major players could significantly impact TRNR's trajectory.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
In the next 1-3 years, TRNR's performance will depend on its execution of growth strategies and external market conditions. Not investment advice.