Interactive Strength Inc. (TRNR) Key Metrics
TRNR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.8M
- Enterprise value
- $26.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.1
- Price / book
- 3.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.48
TRNR key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTRNR returns How much profit the business earns on the capital it uses.
TRNR financial health Debt, liquidity and how easily interest is covered.
TRNR efficiency & capital use Working capital cycle and where the cash goes.
TRNR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TRNR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TRNR key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Share price at fiscal year-end | $59.99 | $1,995.00 | $999,880.00 | — | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −355.0% | — | — | — | — | — |
| Return on invested capital (ROIC) | −69.4% | −197.7% | −675.8% | — | — | — |
| Return on assets (ROA) | −59.2% | −137.1% | −249.1% | −250.4% | −235.2% | −191.0% |
| Return on tangible assets | −102.3% | −235.3% | −802.2% | −428.0% | −297.1% | −394.6% |
| Free cash flow margin | −91.1% | −279.3% | — | — | — | — |
| Financial health | ||||||
| Total debt | $20.6M | $11.8M | $10.1M | $11.1M | $7.4M | $9.3M |
| Cash & short-term investments | $512,000 | $138,000 | −$66,000 | $226,000 | $1.7M | $11,000 |
| Net debt | $20.1M | $11.6M | $10.2M | $10.9M | $5.8M | $9.3M |
| Debt / equity | 3.22 | 1.65 | — | — | — | — |
| Debt / assets | 0.44 | 0.34 | 0.60 | 0.45 | 0.34 | 1.59 |
| Current ratio | 0.47 | 0.31 | 0.25 | 0.41 | 0.77 | 0.14 |
| Quick ratio | 0.35 | 0.16 | 0.13 | 0.22 | 0.59 | 0.14 |
| Interest coverage | -1.7 | -3.8 | -34.3 | -57.1 | -39.7 | -64.3 |
| Working capital | −$16.6M | −$18.7M | −$16.2M | −$14.3M | −$2.6M | −$12.5M |
| Invested capital | $26.5M | $18.7M | $4.6M | $8.1M | −$13.9M | −$4.1M |
| Tangible asset value | −$17.0M | −$12.2M | −$15.9M | −$13.6M | −$30.7M | −$16.4M |
| Net current asset value | −$25.8M | −$18.8M | −$17.0M | −$17.4M | −$32.9M | −$17.2M |
| Capital allocation | ||||||
| Capex / revenue | 0.8% | 3.9% | 147.7% | 1,117.0% | 3,826.3% | — |
| Capex / depreciation | 0.03 | 0.03 | 0.22 | 1.13 | 5.64 | 2.09 |
| Stock-based compensation / revenue | 26.7% | 190.6% | 3,112.6% | 932.0% | 360.4% | — |
| R&D / revenue | 25.3% | 129.9% | 1,044.1% | 2,931.0% | 5,046.4% | — |
| SG&A / revenue | 154.8% | 360.9% | 4,044.5% | 3,747.0% | 4,954.8% | — |
| Efficiency | ||||||
| Days sales outstanding | 179.6 | 81.5 | 244.2 | 199.1 | -5.1 | — |
| Days of inventory on hand | 130.9 | 144.9 | 201.7 | 126.6 | 74.2 | 32.4 |
| Days payables outstanding | 346.4 | 486.1 | 514.7 | 188.4 | 221.0 | 3,054.2 |
| Cash conversion cycle (days) | -35.9 | -259.8 | -68.9 | 137.3 | -151.9 | — |
| Receivables turnover | 2.03 | 4.48 | 1.49 | 1.83 | — | — |
| Payables turnover | 1.05 | 0.75 | 0.71 | 1.94 | 1.65 | 0.12 |
| Inventory turnover | 2.79 | 2.52 | 1.81 | 2.88 | 4.92 | 11.25 |
| Asset turnover | 0.28 | 0.21 | 0.05 | 0.03 | 0.02 | 0.00 |
| Average receivables | $5.7M | $1.2M | $643,500 | $371,500 | −$4,500 | −$2,000 |
| Average payables | $10.1M | $10.9M | $9.2M | $4.9M | $3.1M | $4.1M |
| Average inventory | $3.8M | $3.2M | $3.6M | $3.3M | $1.1M | $44,000 |
| Intangibles / total assets | 50.0% | 56.6% | 61.9% | 44.4% | 49.9% | 51.6% |
Computed from TRNR's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TRNR valuation and financial ratios
Interactive Strength earned a return on equity of −355.0% and a return on invested capital of −69.4% in fiscal 2025. It ended the year with $20.6 million of debt and $0.5 million in cash and short-term investments, net debt of $20.1 million.
See the TRNR income statement, the TRNR chart for price history, or the TRNR stock overview for the latest quote and news.
TRNR key metrics FAQ
What is Interactive Strength's return on equity?
Interactive Strength's return on equity (ROE) was −355.0% in fiscal 2025: net income of -$24.0 million on average shareholders' equity of $6.8 million.
What is Interactive Strength's ROIC?
Interactive Strength's return on invested capital was −69.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Interactive Strength have?
Interactive Strength had total debt of $20.6 million at the end of fiscal 2025, a debt-to-equity ratio of 3.22.
What is Interactive Strength's current ratio?
Interactive Strength's current ratio was 0.47 at the end of fiscal 2025: current assets were 0.47 times current liabilities.