Interactive Strength, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $11.5M | $5.4M | $962,000 | $681,000 | — |
| Cost of revenue | $10.6M | $8.2M | $6.5M | $9.5M | — |
| Gross profit | $913,000 | -$2.8M | -$5.5M | -$8.9M | — |
| Research and development | $2.9M | $7.0M | $10.0M | $20.0M | — |
| Operating expenses | $20.8M | $26.4M | $49.0M | $45.5M | — |
| Operating income | -$19.9M | -$29.2M | -$54.5M | -$54.3M | — |
| Pretax income | -$24.0M | -$34.9M | -$51.4M | -$58.2M | — |
| Income tax expense | $0 | $0 | $0 | $0 | — |
| Net income | -$24.0M | -$34.9M | -$51.4M | -$58.2M | — |
| Balance Sheet | |||||
| Cash and equivalents | $512,000 | $138,000 | $0 | $226,000 | — |
| Current assets | $14.7M | $8.2M | $5.4M | $9.8M | — |
| Total assets | $46.8M | $34.2M | $16.8M | $24.4M | — |
| Current liabilities | $31.3M | $26.9M | $21.5M | $24.2M | — |
| Total liabilities | $38.1M | $27.1M | $22.4M | $27.2M | — |
| Stockholders' equity | $6.4M | $7.1M | -$5.6M | -$2.7M | -$19.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.4M | -$14.8M | -$15.4M | -$35.5M | — |
| Depreciation and amortization | $169,000 | $467,000 | $882,000 | $1.1M | — |
| Stock-based compensation | $3.1M | $10.3M | $29.9M | $6.3M | — |
| Capital expenditure | $94,000 | $0 | $0 | $577,000 | — |
| Free cash flow | -$10.5M | -$14.8M | -$15.4M | -$36.1M | — |
| Dividends paid | — | — | $0 | $0 | — |
| Impairments | $0 | $0 | $0 | $2.3M | — |
Shares outstanding 2.3M · Free float 23.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.