TRNR Publishes Q2 Shareholder Letter Highlighting Record Revenue, Gross Margins, and Adjusted EBITDA
Interactive Strength (TRNR) published a shareholder letter highlighting record Q2 2026 results, with gross margin of 48%, up sharply from 31% in the prior quarter. Management guided Q3 2026 revenue of $7M-$8M with an Adjusted EBITDA loss under $0.5M, and expects pro forma FY2026 revenue above $50M including the pending STEPR acquisition, with Q4 Adjusted EBITDA profitability targeted.
Key figures
- Guidance
- Q3 2026 revenue $7M-$8M with Adjusted EBITDA (non-GAAP) loss of less than $0.5M; FY2026 pro forma revenue (incl. STEPR) more than $50M; Adjusted EBITDA profitability expected in Q4 2026
- Gross margin q1
- 31%
- Gross margin q2
- 48%
AI analysis
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