What is the 13F Pro Quality Score for TRNR?

13F Pro ranks Interactive Strength, Inc. (TRNR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TRNR's current score at https://13fpro.ai/research/TRNR (free sign-up required for the full ranking).

Which hedge funds own the most TRNR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of TRNR include GEODE CAPITAL MANAGEMENT,, UBS Group AG, VANGUARD FIDUCIARY CO. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/TRNR as soon as new 13F filings post.

Where does 13F Pro source TRNR data?

All Interactive Strength, Inc. fundamentals and ownership data come directly from SEC EDGAR. Interactive Strength, Inc. files with the SEC under CIK 1785056. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TRNR in?

Interactive Strength, Inc. (TRNR) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is TRNR research updated on 13F Pro?

TRNR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Interactive Strength, Inc.(TRNR)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Below size threshold

Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $11.5M in revenue.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

TRNR Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Interactive Strength, Inc. (TRNR), a Technology sector company. TRNR is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $11.5m in revenue. Based on the latest XBRL financial filings (Q1 2026), Interactive Strength, Inc. reports quarterly revenue of $5.1M, net income of $-10.7M, free cash flow of $-2.7M. Top institutional holders of TRNR by reported 13-F value include GEODE CAPITAL MANAGEMENT,, UBS Group AG, VANGUARD FIDUCIARY CO, based on the most recent SEC filings. TRNR trades on the Nasdaq exchange and files with the SEC under CIK 1785056. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TRNR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Interactive Strength, Inc. directly from SEC EDGAR.

Revenue

Q1 2026

$5.1M

Net Income

Q1 2026

$-10.7M

Free Cash Flow

Q1 2026

$-2.7M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+114.3% YoY

$11.5MFY 2025

FY22 $681.0KFY23 $962.0KFY24 $5.4MFY25 $11.5M

Net Income

+32.2% YoY

$-23.70BFY 2025

FY22 $-58.2MFY23 $-51.37BFY24 $-34.93BFY25 $-23.70B

Operating Income

+32.0% YoY

$-19.9MFY 2025

FY22 $-54.3MFY23 $-54.5MFY24 $-29.2MFY25 $-19.9M

EPS (Diluted)

+98.9% YoY

$-171.77FY 2025

FY22 $-119.49FY23 $-16614.85FY24 $-16328.50FY25 $-171.77

Total Assets

+37.1% YoY

$46.8MFY 2025

FY22 $24.4MFY23 $16.8MFY24 $34.2MFY25 $46.8M

Total Debt

—FY 2025

FY22 —FY23 $19.7MFY24 $22.6MFY25 —

Op. Cash Flow

+29.7% YoY

$-10.4MFY 2025

FY22 $-35.5MFY23 $-15.4MFY24 $-14.8MFY25 $-10.4M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$11.5M +114.3%	$5.4M +459.3%	$962.0K +41.3%	$681.0K	—
Net Income	$-23.70B +32.2%	$-34.93B +32.0%	$-51.37B -88131.9%	$-58.2M	—
Operating Income	$-19.9M +32.0%	$-29.2M +46.4%	$-54.5M -0.2%	$-54.3M	—
EPS (Diluted)	$-171.77 +98.9%	$-16328.50 +1.7%	$-16614.85 -13804.8%	$-119.49	—
Total Assets	$46.8M +37.1%	$34.2M +103.4%	$16.8M -31.3%	$24.4M	—
Total Debt	—	$22.6M +14.7%	$19.7M	—	—
Operating Cash Flow	$-10.4M +29.7%	$-14.8M +4.0%	$-15.4M +56.6%	$-35.5M	—

AI Insight: TRNR Financial Trends

Interactive Strength remains unprofitable with negative operating cash flow across all eight quarters; revenue volatility between $1M–$5M offers no clear growth trajectory.

• Operating income improved from -$8M in Q2 2024 to -$2M in Q4 2025, suggesting operational headwind moderation, though still deeply negative.

• Revenue rose to $5M in Q3 2025 and Q1 2026 from $1M in Q2 2024, but remains highly volatile with no sustained upward trend.

• Operating cash flow consistently negative (-$2M to -$6M per quarter); company burning cash throughout the measurement period.

⚠ Total debt surged to $65M in Q2 2025 before settling at $59M in Q3 2025; equity base collapsed to $6M by Q1 2026, signaling extreme leverage.

⚠ Net income swung from +$4M (Q2 2025) to -$19M (Q4 2025) to -$11M (Q1 2026); profitability remains elusive and deteriorating.

AI Insight: TRNR Ratio Trends

Interactive Strength remains deeply unprofitable with operating margins deteriorating to -77.6% in Q1 2026, showing no sustained recovery path.

• Operating margin worsened from -40.9% in Q4 2025 to -77.6% in Q1 2026, signaling accelerating operational losses.

• ROA collapsed to -70.9% in Q1 2026 (TTM: -46.4%), reflecting severe asset inefficiency and persistent negative earnings.

• D/E ratio stabilized near 4.0x through recent quarters (Q2–Q3 2025), but leverage remains elevated amid negative returns.

⚠ ROIC swung from -28.6% (Q2 2025) to -32.7% (Q3 2025), indicating capital destruction with no reversion to profitability.

⚠ Sparse positive NPM spikes in Q2–Q3 2024 (121.9%–173.7%) were not sustained; current profitability metrics missing or deeply negative.

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Available Research

13F Pro tracks comprehensive data for Interactive Strength, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TRNR

GEODE CAPITAL MANAGEMENT, LLC
$44.1K32,190 sh
UBS Group AG
$38.1K27,784 sh
VANGUARD FIDUCIARY TRUST CO
$389.00284 sh
CWM, LLC
$21.0015 sh
Caitong International Asset Management Co., Ltd
$1.001 sh
MORGAN STANLEY
$1.001 sh

Fund	Value	Shares
GEODE CAPITAL MANAGEMENT, LLC	$44.1K	32,190
UBS Group AG	$38.1K	27,784
VANGUARD FIDUCIARY TRUST CO	$389.00	284
CWM, LLC	$21.00	15
Caitong International Asset Management Co., Ltd	$1.00	1
MORGAN STANLEY	$1.00	1

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Is TRNR a good stock to buy?

13F Pro's AI-powered analysis of Interactive Strength, Inc. (TRNR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TRNR are available on the TRNR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own TRNR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TRNR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Interactive Strength, Inc.'s investment landscape.