Interactive Strength (TRNR) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 results with revenue of $6.6 million, up 445% year-over-year, driven by the first full quarter of Ergatta consolidation.

• Gross profit doubled sequentially to $3.2 million, and gross margin expanded to 48% from 31% in Q1 2026.

• Adjusted EBITDA (non-GAAP) loss narrowed to $0.6 million from $1.8 million in Q1 2026, with operating expenses held flat despite significant revenue growth.

• Confirmed 2026 pro forma revenue guidance of over $50 million and expects Q4 2026 profitability.

Financial highlights

• Q2 2026 revenue was $6.6 million, a 445% increase compared to Q2 2025.

• Gross margin improved to 48%, up 17 points sequentially from Q1 2026.

• Adjusted EBITDA loss reduced to $0.6 million, outperforming guidance for a loss of less than $1 million.

Outlook and guidance

• 2026 pro forma revenue expected to exceed $50 million, including the pending STEPR acquisition.

• Adjusted EBITDA profitability anticipated in Q4 2026, with pro forma profitability possible in Q3 if STEPR is included.

• Most Q2 revenue shortfall expected to be recovered in the second half of 2026.