Filing Flows › Interactive Strength (TRNR) › Q3 2025
Interactive Strength (TRNR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Interactive Strength (TRNR) reported revenue of $4.8M for the third quarter 2025 (Q3 2025), +139% from a year earlier and +295% from the quarter before. Operating margin was -125.3%, net loss $5.2M (108.6% of revenue).
Interactive Strength, Q3 2025: revenue $4.8M (+139% year over year), operating margin -125.3%, net loss $5.2M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8M | +295% | +139% |
| Operating profit | −$6.0M | — | — |
| Net earnings | −$5.2M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $4.8M in Q3 2025, up 139% year over year and up 295% from the previous quarter. Wattbike was the largest line at 92% of revenue. CLMBR declined 87%.
Gross margin was 17.1%. Operating costs exceeded revenue by $6.0M, an operating margin of -125.3%. The fastest-growing cost line was Sales & marketing (+137%). The quarter ended with a net loss of $5.2M, wider than the previous quarter's $2.2M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $766K of depreciation and amortization and $401K of share-based compensation. Working capital and other items added $1.6M.
Questions
What was Interactive Strength's revenue in the third quarter 2025?
Interactive Strength (TRNR) reported revenue of $4.8M for the third quarter 2025 (Q3 2025), +139% from a year earlier and +295% from the quarter before.
Was Interactive Strength profitable in the third quarter 2025?
Operating loss was $6.0M (-125.3% of revenue) and net loss $5.2M.