Interactive Strength Reports 274% Revenue Growth to $1.4 Million in Latest Quarter

Interactive Strength, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2025. The company generated total revenue of $1.4 million, a substantial increase from $363,000 in the same period last year, marking a growth of 274%. This surge was primarily driven by a notable rise in fitness product revenue, which reached $1.1 million compared to just $53,000 in the prior year, attributed to the acquisition of CLMBR, Inc. and enhanced sales through distribution agreements. Despite this revenue growth, the company reported a net loss of $6.6 million, an improvement from the $11.4 million loss recorded in the previous year, reflecting a 42% reduction in losses.

The company’s operational metrics also showed positive trends. Total operating expenses decreased by 27% to $6.0 million, down from $8.2 million in the previous year. This reduction was largely due to lower research and development costs, which fell by 37%, and a 25% decrease in general and administrative expenses. The gross loss for the quarter was $304,000, significantly improved from a gross loss of $1.2 million in the same quarter of 2024, indicating better cost management alongside increased sales.

Strategically, Interactive Strength has been active in expanding its market presence. The acquisition of CLMBR, completed in February 2024, has been a key driver of growth, allowing the company to enhance its product offerings in the connected fitness space. Additionally, the company has entered into a Binding Transaction Agreement to acquire Sportstech, which is expected to further bolster its market position. The company is also exploring international expansion opportunities, particularly in the United Kingdom and Canada, to tap into the growing global fitness market.

As of March 31, 2025, Interactive Strength had 10,068,435 shares of common stock outstanding, following a reverse stock split that took effect in late 2024. The company’s total assets increased to $37.8 million, up from $34.2 million at the end of 2024, while total liabilities decreased to $24.1 million from $27.1 million, reflecting improved financial health. However, the company continues to face challenges, including a significant accumulated deficit of $209.4 million and reliance on external financing to support its growth strategy.

Looking ahead, Interactive Strength remains focused on leveraging its acquisitions to drive revenue growth and improve profitability. The company is actively seeking additional capital to fund its operations and is committed to enhancing its operational efficiencies. Despite the uncertainties surrounding market conditions and the need for ongoing capital, management is optimistic about the company’s potential to achieve sustainable growth in the evolving fitness industry.