Interactive Strength Delivers 114% Revenue Growth to $11.5M, Targets $30M+ in 2026
Interactive Strength Inc. reported record 2025 revenue of $11.5 million, up 114% from 2024, with gross margin improving 60% to 7.9% and adjusted EBITDA loss narrowing to $9.6 million. The company confirmed 2026 pro forma revenue guidance above $30 million and a $0.5 million buyback representing 19% of shares.
1. Record 2025 Financial Results
Interactive Strength Inc. achieved record revenue of $11.5 million in 2025, a 114% increase year-over-year, driven by strong performance in its Wattbike and CLMBR brands. Gross margin rose 60% to 7.9%, while the adjusted EBITDA loss narrowed to $9.6 million and net loss improved by 31% to $24.0 million.
2. 2026 Guidance and Acquisitions
The company confirmed pro forma revenue guidance exceeding $30 million for 2026, reflecting full-year consolidation of Wattbike and the recent Ergatta acquisition. Ergatta is expected to contribute over $10 million in revenue at a 30% EBITDA margin and maintain more than 98% monthly net revenue retention.
3. Stock Repurchase and Liquidity
Interactive Strength launched a $0.5 million stock repurchase program, representing approximately 19% of outstanding shares, funded by a $6.4 million recovery from Sportstech. This transaction enhances liquidity and supports the company’s goal of achieving run-rate profitability within twelve months.