Interactive Strength Posts 279% Q1 Revenue Growth and Guides $8M Q2
Interactive Strength reported Q1 revenue of $5.1M, up 279%, and pro forma revenue of $7.7M post-Ergatta acquisition, with non-GAAP EBITDA loss narrowing to $1.1M. The company repurchased 105,000 shares at an average of $0.92, holds $4.7M cash, and guides Q2 revenue of ~$8M and full year over $30M.
1. Q1 Financial Performance
Interactive Strength delivered $5.1M in Q1 2026 revenue, a 279% increase from $1.4M a year earlier, and pro forma revenue reached $7.7M with a full quarter of Ergatta consolidation. The non-GAAP adjusted EBITDA loss narrowed to $1.1M on a pro forma basis, improving from a $2.5M loss in Q1 2025.
2. Liquidity and Share Repurchase
The company closed the quarter with $4.7M in cash and cash equivalents and has repurchased 105,000 shares at an average price of $0.92 under its $0.5M authorization. No shares were issued through the At-the-Market facility since February, preserving liquidity for operations and strategic investments.
3. Guidance and M&A Pipeline
Interactive Strength projects Q2 2026 revenue of approximately $8M with a non-GAAP adjusted EBITDA loss below $1M, and reaffirms full-year pro forma revenue guidance above $30M. The company has submitted letters of intent for two profitable, cash-flow-accretive acquisition targets and continues to evaluate additional opportunities.