Interactive Strength, Inc. (TRNR) intrinsic value & 10-year financials
Interactive Strength, Inc. (TRNR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 156.8% a year to $11.5M, with an average return on invested capital of -1420.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.71
- Market cap
- $238.6K
- Revenue (FY2025)
- $11.5M
- Revenue growth (5-yr CAGR)
- 156.8%
- ROIC (10-yr avg)
- -1420.5%
- Free cash flow (FY2025)
- -$10.5M
TRNR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $11.5M | -$24.0M | -$171.77 | -$10.5M | -172.2% | -162.0% |
| FY2024 | $5.4M | -$34.9M | -$163.28 | — | -542.5% | -254.3% |
| FY2023 | $962.0K | -$51.4M | -$4.15 | — | -5663.2% | -7107.6% |
| FY2022 | $681.0K | -$58.2M | -$4.78 | -$36.1M | -7980.2% | 1842.2% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Interactive Strength, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Interactive Strength, Inc. has historically struggled to out-earn its cost of capital, averaging just -14.2% ROIC.
Interactive Strength, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Interactive Strength, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5705.46 per share.