Quarterly ResultMay 20, 2026, 05:03 PM
Interactive Strength Raises Going Concern Doubt; Q1 Net Loss $(10.7)M
AI Summary
Interactive Strength, Inc. reported a significant increase in net loss to $(10.74) million in Q1 2026, up from $(6.60) million in Q1 2025, despite total revenue growing to $5.14 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing limited liquidity and $18.2 million in debt maturing within the next year. The quarter also saw the acquisition of Ergatta, Inc. on March 11, 2026, adding to its portfolio of fitness brands.
Key Highlights
- Company raised substantial doubt about its ability to continue as a going concern.
- Approximately $18.2 million of debt, including convertible notes, matures in the next 12 months.
- Acquired Ergatta, Inc. on March 11, 2026, and Wattbike Holdings Limited on July 1, 2025.
- Q1 2026 total revenue increased to $5.14 million from $1.36 million in Q1 2025.
- Q1 2026 net loss was $(10.74) million, compared to $(6.60) million in Q1 2025.
- Cash and cash equivalents rose to $4.74 million as of March 31, 2026, from $0.51 million at Dec 31, 2025.
- Europe generated the highest revenue at $3.12 million in Q1 2026.
- Effected 1-for-10 reverse stock splits on February 24, 2026, and June 26, 2025.
Price Impact
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