AcquisitionsJul 9, 2026, 05:22 PM
Interactive Strength to Acquire STEPR; Raises 2026 Revenue Guidance to >$50M
AI Summary
Interactive Strength Inc. (TRNR) has signed a definitive agreement to acquire STEPR, Inc., a profitable and fast-growing connected stair climbing company. The transaction has a base value of $6.7 million, with potential additional equity consideration of up to $16.0 million tied to STEPR's future financial performance. This acquisition is expected to boost TRNR's 2026 pro forma revenue guidance to over $50 million and achieve Adjusted EBITDA profitability in Q4 2026. The deal is anticipated to close in Q4 2026, subject to customary closing conditions.
Key Highlights
- Interactive Strength to acquire STEPR, a connected stair climbing company.
- Base transaction value is $6.7 million, including cash, debt refinancing, and equity.
- Up to $16.0 million in additional TRNR equity contingent on STEPR's performance.
- STEPR is expected to generate over $15 million in revenue in 2026.
- Interactive Strength raises 2026 pro forma revenue guidance to over $50 million.
- Company expects Adjusted EBITDA profitability in Q4 2026 after closing.
- Initial cash contribution of $1.5 million to STEPR for working capital.
- Repayment of up to $1.2 million AFS shareholder loan.
Price Impact
More from TRNR