Interactive Strength Reports 96% Revenue Growth to $1.2 Million in Latest Quarter

Interactive Strength, Inc. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated total revenue of $1.2 million for the quarter, a 96% increase from $621,000 in the same period last year. For the first half of 2025, revenue reached $2.6 million, up from $984,000 in the first half of 2024, marking a 162% increase. The growth was primarily driven by a substantial rise in fitness product revenue, which surged to $937,000 from $258,000 year-over-year, attributed to the acquisition of CLMBR, Inc. and increased sales through distribution agreements.

Despite the revenue growth, Interactive Strength reported a net loss of $2.2 million for the quarter, a significant reduction from a loss of $10.6 million in the prior year. The company’s operating expenses also decreased by 20% to $5.6 million compared to $7 million in the same quarter of 2024. This reduction was largely due to lower research and development costs, which fell by 69% to $779,000, and a decrease in general and administrative expenses. The company’s gross loss improved to $194,000 from $880,000, reflecting better cost management alongside increased sales.

Strategically, Interactive Strength has made notable acquisitions, including CLMBR, Inc. in February 2024, which has contributed to its revenue growth. The company also entered into a binding agreement to acquire Sportstech, aiming to enhance its market presence in Europe. Additionally, on July 1, 2025, Interactive Strength completed the acquisition of Wattbike, further expanding its portfolio in the fitness equipment sector. The company is actively pursuing international expansion and partnerships to leverage its product offerings.

Operationally, the company reported a significant increase in customer engagement, with fitness product sales representing 77% of total revenue for the quarter. Membership revenue, however, saw a decline, accounting for only 13% of total revenue, down from 33% in the previous year. The company’s total assets increased to $86.2 million as of June 30, 2025, up from $34.2 million at the end of 2024, driven by the acquisition of digital assets and increased cash reserves.

Looking ahead, Interactive Strength faces challenges related to liquidity and capital resources, with an accumulated deficit of $212 million as of June 30, 2025. The company has indicated that it will continue to rely on outside capital to fund its operations and growth strategy. Management has expressed concerns about its ability to maintain compliance with Nasdaq listing requirements, which could impact its stock's marketability. The company is actively seeking additional funding and exploring strategic alternatives to ensure its long-term viability.