Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential opportunities for traders before the market opens [1] Premarket Gainers - Cidara Therapeutics, Inc. (CDTX) is up 91% at $203.18 - Binah Capital Group, Inc. (BCG) is up 45% at $2.07 - Invivyd, Inc. (IVVD) is up 42% at $2.52 - Omeros Corporation (OMER) is up 15% at $7.25 - The Oncology Institute, Inc. (TOI) is up 12% at $3.47 - AlphaVest Acquisition Corp (ATMV) is up 11% at $7.99 - ARB IOT Group Limited (ARBB) is up 7% at $7.31 - Hyperion DeFi, Inc. (HYPD) is up 6% at $5.27 - TruGolf Holdings, Inc. (TRUG) is up 6% at $2.02 - Boqii Holding Limited (BQ) is up 5% at $2.24 [3] Premarket Losers - TSS, Inc. (TSSI) is down 40% at $9.12 - StubHub Holdings, Inc. (STUB) is down 20% at $15.02 - ESS Tech, Inc. (GWH) is down 20% at $3.38 - Red Cat Holdings, Inc. (RCAT) is down 17% at $6.38 - WhiteFiber, Inc. (WYFI) is down 15% at $16.81 - New Era Energy & Digital, Inc. (NUAI) is down 13% at $3.66 - NET Power Inc. (NPWR) is down 11% at $2.62 - Korro Bio, Inc. (KRRO) is down 9% at $5.90 - Anavex Life Sciences Corp. (AVXL) is down 8% at $5.20 - Interactive Strength Inc. (TRNR) is down 5% at $2.47 [4]

Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]

Core Insights - Sportstech's revenue growth accelerated to 24% year-over-year (YoY) in the third quarter of 2025, up from 18% YoY in the second quarter [1] - The company expects revenue growth to surpass 30% YoY in the fourth quarter of 2025 [1] - Current foreign exchange (FX) rates indicate that Sportstech's last twelve months (LTM) revenue as of September 2025 would be approximately $58 million, with an LTM EBITDA of $6 million [1] - Interactive Strength Inc. (TRNR) confirmed that all parties are diligently working on completing the acquisition closing requirements for Sportstech [1] Revenue Performance - Sportstech reported third quarter 2025 revenue exceeding $13 million, reflecting a 24% YoY growth [1] - This growth represents an acceleration from the previous quarter's 18% YoY growth [1] Future Projections - The company anticipates that revenue growth will exceed 30% YoY in the upcoming fourth quarter [1] - Based on current FX rates, projected LTM revenue for Sportstech by September 2025 is approximately $58 million [1]

Core Insights - Interactive Strength Inc. has updated its investor FAQs regarding its new CFO hire and the pending acquisition of Sportstech [1] - The company has made available a Q&A with the new CFO on its investor website, providing further commentary and details on the acquisition [1] Company Developments - The company is known for its innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands [1] - The acquisition of Sportstech is currently pending, indicating a strategic move to expand its market presence [1] Investor Communication - The updated FAQs were created in response to shareholder inquiries, demonstrating the company's commitment to transparency [1] - Required filings with the US Securities & Exchange Commission (SEC) are also available for investors seeking more detailed information [1]

Core Viewpoint - TRNR has appointed Caleb Morgret as the new Chief Financial Officer, effective November 15, 2025, to focus on the financial workflows related to the acquisition of Sportstech [1] Group 1: Management Changes - Caleb Morgret will transition to CFO on November 15, 2025, and has been working with TRNR since September [1] - Michael Madigan, the current CFO, will step down after the Q3 earnings report on November 14, 2025 [1] Group 2: Financial Expectations - TRNR expects to generate more than $80 million in pro forma revenue in 2025, primarily from Europe [1] - The acquisition of Sportstech is a significant part of TRNR's growth strategy [1]

Core Points - Interactive Strength Inc. will release its financial results for the third quarter ended September 30, 2025, on November 14, 2025 [1] - The company is known for its innovative specialty fitness equipment under the CLMBR, FORME, and Wattbike brands [1] - The company is also a pending acquirer of Sportstech [1] Financial Results Announcement - The financial results will be published as the market opens on the specified date [1] - Following the filing of its Form 10-Q, the company will issue a shareholder letter discussing the results and business outlook [1]

Group 1 - Interactive Strength Inc. (NASDAQ:TRNR) is recognized as a promising investment opportunity, particularly in the penny stock category on Robinhood [1] - The company announced significant revenue growth from its acquisition target, Sportstech, which reported a 45% year-over-year revenue increase for August, amounting to $58 million, along with $6 million in positive EBITDA [2] - The strategic acquisition is projected to achieve a 30% full-year revenue growth, with most of this growth anticipated in the fourth quarter [3] Group 2 - Interactive Strength Inc. specializes in designing, producing, and selling premium fitness equipment and digital fitness services under various brands, including CLMBR, FORME, and Wattbike [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission File Number: 001-41610 INTERACTIVE STRENGTH INC. (Exact name of registrant as specified in its charter) | Delaware | 82-143291 ...

Financial Performance - Interactive Strength Inc. reported quarterly revenue of $1.4 million, a nearly 400% increase from the prior-year period[3]. - The net loss for the quarter was $6.6 million, or $1.74 per diluted share, compared to a net loss of $11.4 million and $2,681.82 per share in the same period last year[3]. - Adjusted EBITDA loss was $2.5 million, reflecting a 29% year-over-year improvement in operational efficiency[1]. - Fitness product revenue increased significantly to $1,050 million in Q1 2025 from $53 million in Q1 2024, representing a growth of 1,877%[24]. - Total revenue for Q1 2025 reached $1,356 million, a substantial increase compared to $363 million in Q1 2024, marking a growth of 273%[24]. - Gross loss improved to $(304) million in Q1 2025 from $(1,200) million in Q1 2024, indicating a reduction in losses by 74.7%[24]. - Total operating expenses decreased to $6,008 million in Q1 2025 from $8,241 million in Q1 2024, a reduction of 27%[24]. - Net loss attributable to common stockholders narrowed to $(6,603) million in Q1 2025 compared to $(11,394) million in Q1 2024, reflecting a 42% improvement[24]. Cash and Equity Position - Cash and cash equivalents increased to $2,207 million as of March 31, 2025, up from $138 million at the end of 2024[26]. - Total assets grew to $37,816 million as of March 31, 2025, compared to $34,170 million at the end of 2024, an increase of 7.8%[26]. - Total liabilities decreased to $24,060 million as of March 31, 2025, down from $27,055 million at the end of 2024, a reduction of 11%[26]. - Stockholders' equity increased to $13.8 million, up from $7.1 million at year-end 2024, enhancing compliance with Nasdaq listing requirements[4]. Future Outlook and Guidance - The company raised its full-year 2025 pro forma revenue guidance to more than $75 million, a greater than 15% increase from the previous guidance of $65 million[5]. - The pending acquisitions of Sportstech and Wattbike are expected to contribute more than $20 million in pro forma revenue during the first quarter[6]. - The company anticipates generating positive adjusted EBITDA in Q4 2025, having approached this milestone on a pro forma basis in Q1[6]. - The acquisition activity and improved shareholder equity are expected to lead to a transformational year for the company[6]. Business Operations - The company operates under two main brands: CLMBR and FORME, focusing on innovative specialty fitness equipment and digital fitness services[8]. - The company emphasizes the importance of adjusted EBITDA as a measure of operating performance, excluding various expenses that can vary significantly between companies[15]. Cash Flow Activities - The company reported net cash used in operating activities of $(3,545) million for Q1 2025, compared to $(2,959) million in Q1 2024[28]. - The company raised $7,771 million in net cash from financing activities in Q1 2025, compared to $4,615 million in Q1 2024, indicating a 68% increase[28].

Revenue Performance - Total revenue for Q1 2025 reached $1,356,000, a significant increase from $363,000 in Q1 2024, representing a growth of 273%[11] - Fitness product revenue surged to $1,050,000 in Q1 2025, compared to $53,000 in Q1 2024, marking an increase of 1,877%[11] - Membership revenue increased to $176,000 for the three months ended March 31, 2025, up from $155,000 in the prior year, reflecting a growth of 13.5%[70] - Training revenue decreased to $130,000 for the three months ended March 31, 2025, down from $155,000 in the same period of 2024, indicating a decline of 16.1%[70] - Woodway, the exclusive distributor, represented 71% of the Company's total revenue for the three months ended March 31, 2025[206] Financial Losses and Improvements - The company reported a gross loss of $304,000 in Q1 2025, an improvement from a gross loss of $1,200,000 in Q1 2024[11] - The net loss attributable to common stockholders for Q1 2025 was $6,603,000, compared to a net loss of $11,394,000 in Q1 2024, indicating a 42% improvement[11] - The net loss for the three months ended March 31, 2025, was $6.603 million, a decrease from a net loss of $11.394 million in the same period of 2024, indicating an improvement of 42%[54] - The company reported a net loss of $6,603,000 for the quarter ending March 31, 2025[16] Operating Expenses and Cash Flow - Total operating expenses decreased to $6,008,000 in Q1 2025 from $8,241,000 in Q1 2024, reflecting a reduction of 27%[11] - Net cash used in operating activities was $3.5 million for the three months ended March 31, 2025, compared to $2.96 million in the prior year, reflecting ongoing operational challenges[17]. - The company reported a net cash provided by financing activities of $7.77 million during the reporting period, indicating successful capital raising efforts[17]. Assets and Liabilities - Cash and cash equivalents increased to $2,207,000 as of March 31, 2025, up from $138,000 as of December 31, 2024[9] - Total assets grew to $37,816,000 as of March 31, 2025, compared to $34,170,000 as of December 31, 2024, representing an increase of 8%[9] - Total liabilities decreased to $24,060,000 as of March 31, 2025, down from $27,055,000 as of December 31, 2024, a reduction of 11%[9] - The company has a significant accumulated deficit of $209.4 million as of March 31, 2025, highlighting ongoing financial challenges[33]. Stock and Equity Transactions - The weighted average common stock outstanding for basic and diluted was 3,804,106 shares in Q1 2025, compared to 4,249 shares in Q1 2024[11] - The company issued $1,500,000 in Series B preferred stock upon the acquisition of CLMBR, Inc.[15] - The issuance of common stock from the At the Market offering amounted to $1,594,000[15] - The issued and outstanding common stock increased from 1,402,102 shares as of December 31, 2024, to 7,953,570 shares as of March 31, 2025[181] - The Company issued 821,500 shares of common stock from At the Market offering in February 2025[189] Debt and Financing - The company incurred a total outstanding debt of approximately $10.9 million as of the issuance date, with about $9.0 million scheduled to mature over the next twelve months[33]. - The Company entered into a Term Loan agreement for approximately $8.0 million, with a guarantee fee of $2.3 million due at maturity, and the outstanding principal amount was approximately $5.0 million as of April 24, 2024[82][84] - The carrying value of the Term Loan as of March 31, 2025, was $3.289 million, with total interest expense recognized of $60,000 for the three months ended March 31, 2025[91] - The Company recorded a debt discount of $2.0 million and incurred $0.3 million of debt issuance costs related to the January 2025 Convertible Notes, which will be amortized over the life of the notes[114] Legal and Compliance Issues - The Company has received two notices from Nasdaq regarding noncompliance with listing requirements, but has since regained compliance with both the minimum stockholders' equity and publicly held shares requirements[38] - The Company is subject to a Mandatory Panel Monitor for one year following compliance with Nasdaq rules, which could lead to delisting if future compliance is not maintained[38] - The Company is involved in legal proceedings with a potential liability of $2.2 million related to a breach of contract claim[179] Accounting and Reporting Changes - The Company has adopted ASU 2023-07 for segment reporting, enhancing disclosures about significant segment expenses, effective for the 2024 annual period[48] - The Company is currently evaluating the impact of new accounting standards, including ASU 2020-04 and ASU 2022-06, but does not expect them to have a material impact on financial statements[49]