Filing Flows › Interactive Strength (TRNR) › Q1 2026
Interactive Strength (TRNR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Interactive Strength (TRNR) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), +279% from a year earlier and +24% from the quarter before. Operating margin was -77.6%, net loss $10.7M (209.0% of revenue).
Interactive Strength, Q1 2026: revenue $5.1M (+279% year over year), operating margin -77.6%, net loss $10.7M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | +24% | +279% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$10.7M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $5.1M in Q1 2026, up 279% year over year and up 24% from the previous quarter. Wattbike was the largest line at 83% of revenue. FORME added $62K year over year (up 45%), 2% of the total change. CLMBR declined 90%.
Gross margin was 31.3%. Operating costs exceeded revenue by $4.0M, an operating margin of -77.6%. The fastest-growing cost line was Sales & marketing (+314%). The quarter ended with a net loss of $10.7M, wider than the previous quarter's $10.0M loss. Net interest and other expense of $6.8M was the main reason.
Operating cash flow was −$2.6M. Non-cash charges added back $853K of depreciation and amortization and $394K of share-based compensation. Working capital and other items added $6.9M. Capital expenditures of $97K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Interactive Strength's revenue in the first quarter 2026?
Interactive Strength (TRNR) reported revenue of $5.1M for the first quarter 2026 (Q1 2026), +279% from a year earlier and +24% from the quarter before.
Was Interactive Strength profitable in the first quarter 2026?
Operating loss was $4.0M (-77.6% of revenue) and net loss $10.7M.