Interactive Strength Inc. (TRNR) Next Earnings Date & Expected ±12.5% Move

Per the Roarable RQD rating, TRNR scores 28 out of 100, graded E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 7/20 (ROIC -35%; FCF yield 0%); Whale 13F Flow at 3/20 (institutional accumulation and options positioning); Insider Conviction at 3/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 7/20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet at 8/20 (Altman Z 2.5; Piotroski F 3/9; Debt/Equity 0.5).

For a prospective investor, the cash engine and ownership-flow pillars are the weakest contributors. A negative ROIC and 0% FCF yield indicate that, per the source data, the business is not currently converting capital into free cash flow. The low whale and insider scores mean the source data shows little supportive positioning from large institutions or insiders. The balance-sheet pillar is the strongest of the five but still sits in a middling band, with a Piotroski F-Score of 3/9 signaling weak fundamental health. Upside drivers would have to come from a reversal in operating performance, which the source data does not yet show. Valuation tradeoffs are difficult to assess because P/E and EV/EBITDA are not available in source data, and the stock trades at $1.6 against a 52-week range of $1.37 to $205.94. This analysis is educational and is not personalized financial advice.

Interactive Strength Inc. (TRNR) is a NASDAQ-listed issuer in the Technology sector, operating within the Consumer Electronics/Appliances industry, per the company profile. Per the financials, the company reported revenue of $11.5M for FY 2025, $5.4M for FY 2024, and $1.0M for FY 2023. Not available in source data for product-level detail, customer segments, or revenue model.

Per the SEC financials and market data, operating margin and net margin are both -60%, and gross margin is 7.9%. ROIC is -35%. The reported net income figures are internally inconsistent with operating income in the source and should be verified against filings. The Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, with a Debt/Equity ratio of 0.5 per the Roarable RQD rating. Cash is reported at $0.5M for FY 2025.

Per the recent news and catalysts section, the most recent items include a TradingView estimates report, a Yahoo Finance item on a Q3 commercial update across its premium portfolio, and a Benzinga after-market report. Two items carry a GREEN light tagged as CATALYST: a notice that TRNR will report Q3 2026 results on November 16, 2026, expecting record quarterly revenue of $8.0 Million, and a scanx.trade item stating that FY26 pro forma revenue is raised to $50M+. The remaining items are YELLOW and tagged MARKET WIRE. Per the Butterfly Supply-Chain Graph, no proprietary signals or supply-chain links are present. Risk watch items include the gap between the record revenue expectation and the negative operating margin reported in the financials.

Per the Butterfly Supply-Chain Graph, supply_chain is listed as NONE and butterfly_links is empty. No upstream or downstream dependencies, sector correlations, or second-order bottlenecks are identified in source data. Investors should note that this absence reflects the limits of the provided data, not confirmation that no such dependencies exist.

• What are the reported P/E, forward P/E, EV/EBITDA, and EPS figures, given that these are not available in source data?
• Why do the reported FY net income figures diverge so sharply from operating income, and what drives the difference?
• What supports the expected record Q3 2026 revenue of $8.0 Million against the negative operating margin?
• What are the current debt obligations, since the debt field is N/A across all periods?
• What is the basis for the market capitalization of $2.6M relative to the 52-week range?