Overview

• US specialty fitness equipment maker's Q1 2026 revenue rose 279% yr/yr to $5.1 mln

• Company repurchased 105,000 shares in May; two acquisition LOIs submitted

Outlook

• Company expects Q2 2026 revenue of approximately $8 mln

• Interactive Strength sees Q2 2026 adjusted EBITDA loss of less than $1 mln

• Company confirms 2026 pro forma group revenue guidance of more than $30 mln

Result Drivers

• ACQUISITION IMPACT - Consolidation of Wattbike for the full quarter and Ergatta for part of the quarter drove revenue growth and improved adjusted EBITDA loss, per company

• M&A STRATEGY - Company said results demonstrate its strategy of accretive M&A and operating discipline delivering improvements on both revenue and adjusted EBITDA loss

• ACTIVE PIPELINE - Company submitted two letters of intent for new acquisitions and is evaluating additional targets, which it expects to accelerate future milestones

Company press release: ID:nACSVFyjYa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Adjusted EBITDA	Beat	-$1.8 mln	-$2.48 mln (1 Analyst)

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the leisure & recreation peer group is "buy"

• Wall Street's median 12-month price target for Interactive Strength Inc is $42.25, about 4,083.2% above its May 19 closing price of $1.01

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