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Interactive Strength Inc. Common Stock (TRNR)


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Upturn Advisory Summary
10/15/2025: TRNR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $11.5
1 Year Target Price $11.5
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 6.36M USD | Price to earnings Ratio - | 1Y Target Price 11.5 |
Price to earnings Ratio - | 1Y Target Price 11.5 | ||
Volume (30-day avg) 1 | Beta 0.21 | 52 Weeks Range 2.81 - 201.00 | Updated Date 10/17/2025 |
52 Weeks Range 2.81 - 201.00 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 17152.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -469.57% |
Management Effectiveness
Return on Assets (TTM) -22.98% | Return on Equity (TTM) -259.9% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 60943034 | Price to Sales(TTM) 0.91 |
Enterprise Value 60943034 | Price to Sales(TTM) 0.91 | ||
Enterprise Value to Revenue 8.74 | Enterprise Value to EBITDA -0.23 | Shares Outstanding 2079513 | Shares Floating 1546926 |
Shares Outstanding 2079513 | Shares Floating 1546926 | ||
Percent Insiders - | Percent Institutions 1.88 |
Upturn AI SWOT
Interactive Strength Inc. Common Stock

Company Overview
History and Background
Interactive Strength Inc., operating under the brand name Forme, was founded to provide connected fitness solutions combining strength training equipment with virtual personal training. The company went public through a SPAC merger. It is focused on building a premium brand in the connected fitness space.
Core Business Areas
- Connected Fitness Equipment: Sale of connected fitness equipment, including the Forme Studio and Forme Studio Lift. This equipment incorporates technology for virtual personal training.
- Subscription Services: Recurring revenue from subscription services that provide access to live and on-demand fitness classes and personal training.
Leadership and Structure
The leadership team includes Trent A. Ward (CEO) and other key executives overseeing operations, technology, and marketing. The organizational structure is typical of a publicly traded company with a board of directors and various functional departments.
Top Products and Market Share
Key Offerings
- Forme Studio: A connected fitness mirror providing access to strength training, cardio, yoga, and other workouts. Market share information for this specific product is not readily available. Competitors include Tonal, Mirror (Lululemon), and Tempo.
- Forme Studio Lift: An all-in-one connected fitness machine combining strength training with personalized guidance. Market share information for this specific product is not readily available. Competitors include Tonal and other smart home gym systems.
Market Dynamics
Industry Overview
The connected fitness industry is experiencing growth driven by increasing consumer interest in at-home workouts and personalized fitness experiences. The industry is competitive, with several established players and new entrants.
Positioning
Interactive Strength aims to position itself as a premium brand within the connected fitness market, focusing on high-quality equipment and personalized training experiences. Its competitive advantage lies in its integrated hardware and software platform.
Total Addressable Market (TAM)
The global connected fitness market is projected to reach billions of dollars. Forme's position in the premium segment allows it to target a specific portion of the overall TAM. Specific TAM value depends on the source and date of the market research. Forme is positioned to capture a significant share of the premium connected fitness segment, but its overall TAM penetration is still developing.
Upturn SWOT Analysis
Strengths
- Premium Brand Image
- Integrated Hardware and Software Platform
- Personalized Training Experience
- Innovative Product Design
Weaknesses
- High Price Point
- Limited Brand Awareness Compared to Larger Competitors
- Dependence on Subscription Revenue
- Relatively New Company
Opportunities
- Expansion into New Geographies
- Partnerships with Luxury Brands and Fitness Studios
- Development of New Product Categories
- Increasing Adoption of Connected Fitness Solutions
Threats
- Intense Competition
- Economic Downturn Affecting Consumer Spending
- Changes in Consumer Preferences
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- PTON
- LULU
- ATHA
Competitive Landscape
Interactive Strength faces intense competition from established players with greater brand recognition and financial resources. It needs to differentiate itself through product innovation, superior customer service, and effective marketing.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends are dependent on the company's publicly available financial data. Track the increase or decrease in revenue, subscriber numbers, and other key metrics.
Future Projections: Future projections are typically based on analyst estimates and company guidance. These projections include revenue growth, profitability, and market share forecasts. These should be extracted from reputable financial analyst reports.
Recent Initiatives: Recent initiatives include product launches, partnerships, marketing campaigns, and strategic acquisitions.
Summary
Interactive Strength Inc. (Forme) is a relatively new player in the connected fitness market. It aims to differentiate itself with premium products and personalized training. Its high price point and limited brand awareness are significant challenges. Successfully scaling its subscriber base and managing cash flow will be crucial for long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Market Research Reports
- Financial News Articles
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Interactive Strength Inc. Common Stock
Exchange NASDAQ | Headquaters Austin, TX, United States | ||
IPO Launch date 2023-04-28 | Co-Founder, Chairperson, CEO & Secretary Mr. Trent Alexander Ward | ||
Sector Consumer Cyclical | Industry Personal Services | Full time employees 26 | Website https://interactivestrength.com |
Full time employees 26 | Website https://interactivestrength.com |
Interactive Strength Inc., together with its subsidiaries, develops and sells specialty fitness equipment and virtual training for the commercial and at-home markets in the United States, Europe, and Asia. The company offers vertical climbing equipment and a digital training platform under the CLMBR brand; and hardware and digital fitness services under the FORME brand. It also provides Forme Studio, a fitness mirror; and Forme Studio Lift, a fitness mirror and cable-based digital resistance. In addition, the company offers video on-demand classes, personal training, and expert health coaching services. Further, it provides FORME Golf, a performance training program focused on helping golfers. The company sells its products through retail stores and online. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

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