0001785056FalseQ3--12-310001785056trnr:InternalUseSoftwareMember2024-12-310001785056trnr:WorkingCapitalFacilityMember2025-09-300001785056trnr:ClmbrIncMember2024-02-022024-02-020001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-01-012025-09-300001785056us-gaap:WarrantMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:CommonStockMembertrnr:RegisteredOfferingWarrantsMember2024-05-310001785056us-gaap:SeriesCPreferredStockMember2025-04-170001785056trnr:SeriesAConvertiblePreferredStockMember2025-01-012025-03-310001785056trnr:FORMEMembersrt:EuropeMember2025-01-012025-09-300001785056us-gaap:WarrantMembertrnr:CommonStockWarrantsBestEffortsA1Member2024-07-010001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2025-09-260001785056trnr:PrincipalStockholderPromissoryNotesMember2019-11-282019-11-280001785056trnr:DerivativeAssetsMember2024-12-310001785056trnr:SeriesLTIPreferredStockMember2025-06-142025-06-140001785056trnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-01-012025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2025-09-300001785056trnr:ClmbrIncMember2024-07-012024-09-300001785056us-gaap:WarrantMemberus-gaap:BlackScholesMertonModelMember2025-01-012025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2024-01-012024-03-310001785056trnr:WattbikeFXContractDerivativeMember2025-01-012025-09-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2024-07-012024-09-300001785056us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2025-09-300001785056trnr:TwoThousandTwentyFiveCommonWarrantsMember2025-01-012025-09-300001785056trnr:MatureAtAugustTwentyEightTwoThousandTwentyOneMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056srt:AsiaMembertrnr:WattbikeMember2025-01-012025-09-300001785056us-gaap:RetainedEarningsMember2024-06-300001785056us-gaap:CommonStockMember2023-12-310001785056us-gaap:SubsequentEventMembersrt:MaximumMembertrnr:JuneTwoThousandTwentyFiveFETNotesMember2025-10-310001785056trnr:PrincipalStockholderPromissoryNotesMember2024-01-012024-09-300001785056trnr:BestEffortsOfferingMemberus-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001785056trnr:TermLoanMember2024-12-310001785056trnr:RegisteredDirectPlacementAgentWarrantsMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleNotesMemberus-gaap:WarrantMember2025-07-070001785056us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2024-12-310001785056trnr:CommonStockWarrantsBestEffortsPlacementAgentMember2024-12-310001785056trnr:StockOptionsToPurchaseCommonStockMember2025-01-012025-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-12-310001785056trnr:PrincipalStockholderPromissoryNotesMember2019-11-280001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-09-300001785056trnr:SoftwareDevelopedTechnologyMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-07-012025-09-300001785056trnr:SeptemberTwoThousandTwentyFiveDerivativeMember2025-01-012025-09-300001785056us-gaap:SalesRevenueNetMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:CustomerConcentrationRiskMember2024-01-012024-09-300001785056trnr:ClassAIncrementalWarrantExerciseMemberus-gaap:CommonStockMemberus-gaap:SubsequentEventMember2025-10-030001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-142025-09-300001785056trnr:MatureAtJuneFourTwoThousandTwentySevenMembertrnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-040001785056us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2025-09-3000017850562025-01-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-07-012025-09-300001785056us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:AdditionalPaidInCapitalMember2024-03-310001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-07-012025-09-300001785056trnr:IdentifiableIntangibleAssetsMember2025-01-012025-09-300001785056us-gaap:FairValueInputsLevel3Memberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:BusinessToBusinessMember2025-01-012025-09-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2025-02-280001785056trnr:LossRestorationAgreementDerivativeMember2025-09-300001785056us-gaap:SeriesCPreferredStockMembertrnr:LenderSettlementAgreementMember2025-08-052025-08-050001785056trnr:TetherStablecoinsMember2025-01-012025-09-300001785056us-gaap:SeriesAPreferredStockMember2025-09-300001785056trnr:SeptemberExchangeNoteMember2025-09-260001785056trnr:FORMEMember2025-07-012025-09-300001785056us-gaap:CommonStockMember2024-12-310001785056us-gaap:RetainedEarningsMember2024-03-310001785056trnr:RegisteredDirectOfferingWarrantsMemberus-gaap:WarrantMember2025-09-300001785056us-gaap:WarrantMembertrnr:CommonStockWarrantsBestEffortsPlacementAgentMember2025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMembertrnr:InteractiveStrengthTreasuryLLCMember2025-06-1000017850562025-11-100001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-09-300001785056trnr:SeriesCConvertiblePreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001785056us-gaap:WarrantMemberus-gaap:BlackScholesMertonModelMembersrt:MaximumMember2024-01-012024-12-310001785056trnr:PromissoryNotesMember2024-11-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-04-012024-06-300001785056trnr:PromissoryNotesMember2025-09-300001785056srt:AsiaMember2024-07-012024-09-300001785056us-gaap:SeriesEPreferredStockMember2025-07-010001785056trnr:MatureAtNovemberTwentyEightTwoThousandNineteenMembertrnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056trnr:SeriesEConvertiblePreferredStockMember2025-07-012025-09-300001785056us-gaap:RetainedEarningsMember2025-01-012025-03-310001785056us-gaap:SeriesCPreferredStockMember2024-12-310001785056us-gaap:SeriesAPreferredStockMembersrt:MinimumMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-102025-06-100001785056trnr:SeriesCConvertiblePreferredStockMember2025-06-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-12-310001785056trnr:PrincipalStockholderPromissoryNotesMember2020-03-200001785056trnr:CommonStockWarrantsBestEffortsA1Member2025-01-012025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2025-01-012025-03-310001785056us-gaap:SeriesBPreferredStockMember2025-04-012025-06-300001785056srt:MinimumMember2017-01-012017-12-310001785056trnr:JuneTwoThousandTentyFiveConvertiblePreferredNotesMember2025-09-300001785056trnr:TwoThousandTwentyThreeCommonWarrantsMember2024-12-310001785056trnr:HardwareDistributionMember2025-01-012025-09-300001785056trnr:MatureAtNovemberTwentyEightTwoThousandNineteenMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056trnr:FORMEMembersrt:EuropeMember2025-07-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveWarrantsMember2024-12-3100017850562025-09-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-01-012024-03-310001785056us-gaap:SeriesAPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-04-170001785056trnr:SeriesCConvertiblePreferredStockMember2025-01-012025-03-310001785056trnr:MarchTwoThousandTwentyFiveDerivativeMember2024-12-310001785056trnr:SubscriptionReceivablePreferredStockSeriesAMember2024-01-012024-03-310001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-09-300001785056us-gaap:SeriesAPreferredStockMember2025-01-230001785056us-gaap:CommonStockMember2024-02-022024-02-020001785056trnr:FORMEMember2024-07-012024-09-300001785056us-gaap:RelatedPartyMembertrnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMembertrnr:InteractiveStrengthTreasuryLLCMember2025-06-102025-06-100001785056trnr:SeriesBConvertiblePreferredStockMember2024-03-310001785056trnr:SeptemberTwoThousandTwentyFiveDerivativeMember2024-12-310001785056trnr:SportstechMembertrnr:BindingTransactionAgreementMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2025-02-100001785056country:US2024-01-012024-09-300001785056trnr:WattbikeAcquisitionMember2024-12-310001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-130001785056trnr:PromissoryNotesMember2024-01-012024-09-300001785056us-gaap:FairValueInputsLevel2Membertrnr:DigitalAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:WattbikeAcquisitionMember2025-01-012025-09-300001785056trnr:DecemberTwoThousandTwentyThreeConvertibleNotesMember2024-01-012024-06-300001785056us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001785056srt:AsiaMembertrnr:CLMBRMember2024-01-012024-09-300001785056us-gaap:RetainedEarningsMember2023-12-310001785056srt:AsiaMembertrnr:FORMEMember2024-07-012024-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-102025-06-100001785056trnr:WarrantsToPurchaseCommonStockMember2024-01-012024-09-300001785056trnr:WattbikeMember2025-07-012025-09-300001785056trnr:TwoThousandTwentyFourCommonWarrantsMember2025-09-300001785056trnr:DigitalAssetsMember2025-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-07-252025-07-250001785056trnr:WattbikeAcquisitionMemberus-gaap:TrademarksAndTradeNamesMember2025-09-300001785056trnr:RoyaltyArrangementThreePercentageOfCumulativeNetSalesUpTo5MillionMembertrnr:OtherRelatedPartyTransactionsMember2025-09-300001785056trnr:NotePurchaseAgreementMember2024-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-11-012024-11-300001785056us-gaap:SeriesBPreferredStockMember2025-01-012025-03-310001785056us-gaap:CommonStockMembertrnr:BestEffortsOfferingMember2024-07-012024-09-300001785056trnr:CapitalizedSoftwareMember2024-12-310001785056trnr:ClmbrIncMembersrt:RestatementAdjustmentMember2024-02-020001785056us-gaap:CommonStockMember2025-01-280001785056us-gaap:CommonStockMember2025-02-282025-02-280001785056trnr:SeriesAConvertiblePreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001785056trnr:DirectToCustomerSubscriptionMembertrnr:WattbikeAcquisitionMember2025-01-012025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2019-05-170001785056trnr:WattbikeAcquisitionMember2025-07-012025-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-09-300001785056trnr:SeriesAConvertiblePreferredStockOneMember2024-03-292024-03-290001785056trnr:MarchTwoThousandTwentyFiveDerivativeMember2025-01-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-08-262025-08-260001785056trnr:SeriesCPreferredStockConversionToCommonStockMember2024-01-012024-09-300001785056trnr:AugustTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-3000017850562025-07-012025-09-300001785056us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:EmbeddedDerivatiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:CLMBRMembercountry:US2024-01-012024-09-300001785056trnr:SeriesCConvertiblePreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001785056us-gaap:MonteCarloModelMember2024-01-012024-12-310001785056us-gaap:RetainedEarningsMember2025-04-012025-06-300001785056trnr:SeriesCConvertiblePreferredStockMember2024-07-012024-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-08-260001785056trnr:PrincipalStockholderPromissoryNotesMember2024-07-012024-09-300001785056trnr:OtherRelatedPartyConvertibleNotesMember2020-02-182020-02-180001785056trnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2024-12-310001785056trnr:FebruaryTwoThousandTwentyFourWarrantsMembertrnr:FebruaryTwoThousandTwentyFourNoteMembertrnr:WarrantOneMember2024-02-010001785056us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001785056us-gaap:SeriesAPreferredStockMember2025-01-012025-09-3000017850562023-12-310001785056us-gaap:AdditionalPaidInCapitalMember2024-12-310001785056country:US2024-07-012024-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2025-01-290001785056trnr:AtTheMarketOfferingMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001785056trnr:JulyTwoThousandTwentyFiveWarrantsMember2025-09-300001785056trnr:LoanModificationAgreementMember2024-04-240001785056trnr:WattbikeAcquisitionMember2025-01-012025-09-300001785056trnr:PromissoryNotesMember2025-01-012025-09-300001785056trnr:DerivativeAssetsMember2025-01-012025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2019-08-282019-08-280001785056us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-08-260001785056trnr:SeriesCConvertiblePreferredStockMember2025-04-012025-06-300001785056trnr:WattbikeMembersrt:EuropeMember2025-07-012025-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:ResearchAndDevelopmentExpenseMember2025-01-012025-09-300001785056us-gaap:StockAppreciationRightsSARSMember2025-01-012025-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001785056trnr:WattbikeAcquisitionMember2024-07-012024-09-300001785056trnr:SubscriptionReceivablePreferredStockSeriesAMember2024-03-310001785056trnr:WoodwayFebruaryTwoThousandTwentyFourWarrantsMember2024-12-310001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-03-112025-03-110001785056trnr:WattbikeMembercountry:US2024-07-012024-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-01-012024-12-310001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2024-07-012024-09-3000017850562024-06-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2024-12-310001785056us-gaap:SeriesCPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-04-170001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-07-012025-09-300001785056trnr:AssetPurchaseAgreementMember2025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-03-110001785056us-gaap:AdditionalPaidInCapitalMember2024-06-300001785056trnr:ExchangeNotesMember2025-02-052025-03-310001785056trnr:PromissoryNotesNonCurrentMember2025-09-300001785056us-gaap:CommonStockMember2024-07-012024-09-300001785056us-gaap:WarrantMembertrnr:JulyTwoThousandTwentyFiveWarrantsMember2025-07-250001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001785056trnr:PromissoryNotesNonCurrentMember2024-12-310001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-07-250001785056trnr:SeriesBConvertiblePreferredStockMember2024-12-310001785056us-gaap:SeriesCPreferredStockMember2025-09-300001785056srt:AsiaMember2025-01-012025-09-300001785056us-gaap:SeriesAPreferredStockMember2025-04-170001785056trnr:TermLoanMembertrnr:VerticalInvestorsLlcMember2024-02-012024-02-010001785056us-gaap:WarrantMembertrnr:MarchTwoThousandTwentyFiveWarrantsMember2025-03-110001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2025-02-012025-02-280001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:ResearchAndDevelopmentExpenseMember2024-07-012024-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-01-280001785056trnr:PrincipalStockholderPromissoryNotesMember2025-01-012025-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-11-300001785056trnr:WattbikeMember2025-01-012025-09-300001785056trnr:OtherRelatedPartyTransactionsMembertrnr:RoyaltyArrangementOnePercentageOfCumulativeNetSalesAbove5MillionMember2025-09-300001785056trnr:WattbikeMembercountry:US2024-01-012024-09-300001785056trnr:InternalUseSoftwareMember2025-09-300001785056trnr:LossRestorationAgreementDerivativeMember2024-12-310001785056trnr:TwoThousandTwentyFiveIncrementalWarrantsMember2025-09-300001785056us-gaap:CommonStockMember2024-01-012024-06-300001785056trnr:IdentifiableIntangibleAssetsMember2024-01-012024-09-300001785056trnr:MatureAtOctoberFifteenTwoThousandTwentyFiveMembertrnr:PromissoryNotesMember2025-01-012025-09-300001785056trnr:RegisteredDirectPlacementAgentWarrantsMember2024-12-310001785056trnr:OtherRelatedPartyTransactionsMembersrt:MaximumMember2025-01-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2024-12-310001785056trnr:WattbikeAcquisitionMembertrnr:HardwareDevelopedTechnologyMember2025-01-012025-09-3000017850562025-06-270001785056us-gaap:WarrantMemberus-gaap:MonteCarloModelMember2025-01-012025-09-300001785056srt:MinimumMembertrnr:LoanModificationAgreementMember2024-04-240001785056trnr:TermLoanMember2025-09-300001785056us-gaap:SeriesAPreferredStockMembersrt:BoardOfDirectorsChairmanMemberus-gaap:SubsequentEventMember2025-10-060001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-09-300001785056us-gaap:CommonStockMember2025-06-300001785056trnr:SeriesEConvertiblePreferredStockMember2025-09-300001785056us-gaap:CommonStockMember2024-04-012024-06-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-03-310001785056trnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-07-012025-09-300001785056us-gaap:WarrantMembertrnr:RegisteredOfferingWarrantsMember2024-05-310001785056us-gaap:SeriesAPreferredStockMembersrt:MinimumMember2024-04-180001785056us-gaap:FairValueInputsLevel3Membertrnr:DigitalAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-042025-06-040001785056country:US2025-01-012025-09-300001785056us-gaap:RetainedEarningsMember2024-04-012024-06-300001785056trnr:RegisteredDirectOfferingWarrantsMembertrnr:WarrantOneMember2024-05-310001785056us-gaap:CostOfGoodsTotalMembertrnr:NoVendorMemberus-gaap:SupplierConcentrationRiskMember2024-01-012024-09-300001785056trnr:FETTokensMember2025-06-012025-06-300001785056trnr:TwoThousandTwentyFiveIncrementalWarrantsMember2024-12-310001785056trnr:EventOfDefaultMembertrnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-08-260001785056trnr:ExchangeNotesMembertrnr:PrincipalStockholderPromissoryNotesMember2025-02-040001785056trnr:WoodwayFebruaryTwoThousandTwentyFourWarrantsMember2025-01-012025-09-300001785056trnr:MarchTwoThousandTwentyFiveWarrantsMember2024-12-310001785056trnr:JulyTwoThousandTwentyFiveWarrantsMember2024-12-310001785056us-gaap:CommonStockMembertrnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-282025-02-280001785056trnr:AssetPurchaseAgreementMember2024-02-022024-02-020001785056trnr:SubscriptionReceivablePreferredStockSeriesAMember2024-04-012024-06-300001785056us-gaap:SeriesAPreferredStockMembersrt:MaximumMember2024-06-280001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:SellingAndMarketingExpenseMember2024-01-012024-09-300001785056us-gaap:GeneralAndAdministrativeExpenseMembertrnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-01-012025-09-300001785056us-gaap:WarrantMembertrnr:CommonStockWarrantsBestEffortsA2Member2024-07-010001785056trnr:SeriesAConvertiblePreferredStockMember2024-11-012024-12-310001785056trnr:JulyTwoThousandTwentyFiveDerivativeMember2025-09-300001785056trnr:WoodwayFebruaryTwoThousandTwentyFourWarrantsMember2025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-01-012025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveDerivativeMember2025-01-012025-09-300001785056trnr:CommonStockWarrantsBestEffortsPlacementAgentMember2025-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2024-01-012024-09-300001785056trnr:SoftwareDevelopedTechnologyMember2025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2021-02-122021-02-120001785056trnr:WoodwayMayTwoThousandTwentyFiveWarrantsMember2024-12-310001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-01-282025-01-280001785056us-gaap:RetainedEarningsMember2025-03-310001785056trnr:OtherRelatedPartyConvertibleNotesMember2024-12-310001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-03-110001785056trnr:PrincipalStockholderPromissoryNotesMember2025-02-042025-02-040001785056trnr:OtherCountriesMembertrnr:FORMEMember2025-07-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-130001785056us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056us-gaap:SeriesCPreferredStockMember2025-04-012025-06-300001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2024-01-012024-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2024-07-012024-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-01-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveDerivativeMember2025-01-012025-09-300001785056srt:AsiaMembertrnr:FORMEMember2024-01-012024-09-300001785056us-gaap:SeriesCPreferredStockMembertrnr:LenderSettlementAgreementMember2025-08-050001785056us-gaap:AdditionalPaidInCapitalMember2023-12-310001785056trnr:ExchangeNotesMember2025-09-300001785056trnr:FETTokensMember2025-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-12-310001785056trnr:TwoThousandTwentyFourCommonWarrantsMember2025-01-012025-09-300001785056trnr:CommonStockWarrantsBestEffortsA1Member2025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMembertrnr:MatureAtMayFirstTwoThousandTwentySixMember2025-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-09-182025-09-180001785056trnr:SeriesAConvertiblePreferredStockMemberus-gaap:RetainedEarningsMember2024-07-012024-09-300001785056us-gaap:SeriesCPreferredStockMembertrnr:LenderSettlementAgreementMember2025-03-310001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-040001785056trnr:DigitalAssetsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:TwoThousandTwentyThreeCommonWarrantsMember2025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2019-05-172019-05-170001785056trnr:JanuaryTwoThousandTwentyFiveDerivativeMember2024-12-310001785056us-gaap:WarrantMembertrnr:FebruaryTwoThousandTwentyFourWarrantsMembertrnr:FebruaryTwoThousandTwentyFourNoteMember2024-02-010001785056trnr:FORMEMember2024-01-012024-09-300001785056trnr:WattbikeAcquisitionMembersrt:ScenarioForecastMembertrnr:PurchaseAgreementMember2026-10-012027-09-300001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-07-012025-09-300001785056trnr:CommonStockWarrantsBestEffortsA1Member2024-12-310001785056us-gaap:GeneralAndAdministrativeExpenseMembertrnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-07-012025-09-300001785056trnr:CLMBRMembersrt:EuropeMember2025-07-012025-09-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-09-300001785056trnr:OtherCountriesMembertrnr:WattbikeMember2025-01-012025-09-300001785056srt:AsiaMembertrnr:WattbikeMember2025-07-012025-09-300001785056trnr:PromissoryNotesMembertrnr:MatureAtMayFirstTwoThousandTwentySixMember2025-07-012025-09-300001785056trnr:DirectToCustomerSubscriptionMember2025-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-07-250001785056trnr:JanuaryTwoThousandTwentyFiveWarrantsMember2024-12-310001785056trnr:FORMEMembercountry:US2025-01-012025-09-300001785056trnr:PromissoryNotesMember2024-07-012024-09-300001785056trnr:JulyTwoThousandTwentyFiveDerivativeMember2024-12-310001785056trnr:DerivativeLiabilitiesMember2025-09-300001785056us-gaap:SalesRevenueNetMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:CustomerConcentrationRiskMembertrnr:WoodwayUsaIncMember2025-01-012025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2021-02-120001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-01-012025-09-300001785056trnr:EmbeddedDerivatiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:SubsequentEventMembertrnr:JuneTwoThousandTwentyFiveFETNotesMember2025-10-310001785056trnr:TermLoanMembertrnr:VerticalInvestorsLlcMember2024-02-010001785056us-gaap:WarrantMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMember2025-01-012025-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:SellingAndMarketingExpenseMember2025-01-012025-09-300001785056trnr:ExchangeAgreementMember2024-09-300001785056trnr:FORMEMembercountry:US2025-07-012025-09-300001785056trnr:CapitalizedContentCostsMember2025-09-300001785056us-gaap:WarrantMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:PromissoryNotesMember2025-07-012025-09-300001785056trnr:WattbikeAcquisitionMemberus-gaap:SeriesEPreferredStockMember2025-07-012025-07-010001785056trnr:OtherCountriesMembertrnr:FORMEMember2025-01-012025-09-300001785056srt:AsiaMembertrnr:FORMEMember2025-01-012025-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-09-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2025-01-012025-03-310001785056us-gaap:AdditionalPaidInCapitalMember2025-09-300001785056us-gaap:WarrantMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056srt:MaximumMemberus-gaap:MonteCarloModelMember2024-01-012024-12-310001785056srt:AsiaMembertrnr:CLMBRMember2025-07-012025-09-300001785056trnr:RoyaltyArrangementThreePercentageOfCumulativeNetSalesUpTo5MillionMembertrnr:OtherRelatedPartyTransactionsMember2025-01-012025-09-300001785056us-gaap:SalesRevenueNetMemberus-gaap:CashAndCashEquivalentsMembersrt:MinimumMemberus-gaap:CustomerConcentrationRiskMember2024-01-012024-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-09-180001785056trnr:TetherStablecoinsMember2024-12-310001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-07-012024-09-300001785056trnr:CLMBRMember2024-01-012024-09-300001785056trnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056us-gaap:FairValueInputsLevel3Membertrnr:DigitalAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:SeriesAConvertiblePreferredStockMember2024-06-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-08-080001785056trnr:TermLoanMembertrnr:VerticalInvestorsLlcMember2025-08-082025-08-080001785056us-gaap:SeriesAPreferredStockMember2025-01-012025-03-310001785056trnr:ClassAIncrementalWarrantExerciseMemberus-gaap:SubsequentEventMember2025-10-030001785056us-gaap:WarrantMember2025-01-012025-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-02-012024-02-010001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-09-300001785056trnr:FETTokensMember2025-07-310001785056trnr:WattbikeAcquisitionMember2025-07-012025-07-010001785056us-gaap:WarrantMembersrt:MinimumMemberus-gaap:MonteCarloModelMember2025-01-012025-09-300001785056trnr:WattbikeAcquisitionMember2025-09-300001785056trnr:TermLoanMember2024-07-012024-09-300001785056trnr:ExchangeNotesMember2025-01-012025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2024-07-012024-09-300001785056us-gaap:CommonStockMembertrnr:FollowOnOfferingMember2024-04-012024-06-300001785056us-gaap:CommonStockMember2024-11-212024-11-210001785056us-gaap:RetainedEarningsMembertrnr:SeriesAConvertiblePreferredStockMember2025-04-012025-06-300001785056us-gaap:FairValueInputsLevel2Memberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-01-012025-09-300001785056srt:MaximumMemberus-gaap:MonteCarloModelMember2025-01-012025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2025-06-300001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-03-112025-03-110001785056us-gaap:PreferredClassAMember2024-12-310001785056trnr:WorkingCapitalFacilityMember2025-01-012025-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2020-03-202020-03-2000017850562025-07-012025-07-310001785056us-gaap:CostOfGoodsTotalMembersrt:MinimumMembertrnr:VendorThreeMemberus-gaap:SupplierConcentrationRiskMember2025-01-012025-09-300001785056trnr:ExchangeNoteThreeMember2025-02-042025-02-040001785056us-gaap:CommonStockMemberus-gaap:HomeEquityMember2024-05-310001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-132025-06-130001785056trnr:ClmbrIncMember2025-01-012025-09-3000017850562024-09-300001785056srt:AsiaMembertrnr:CLMBRMember2024-07-012024-09-300001785056us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001785056trnr:SeriesAConvertiblePreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001785056trnr:ExchangeNotesMember2025-02-040001785056us-gaap:WarrantMember2025-09-300001785056trnr:PromissoryNotesMember2024-12-310001785056us-gaap:CommonStockMembertrnr:BestEffortsOfferingMember2024-07-012024-07-310001785056trnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2025-09-300001785056trnr:WattbikeAcquisitionMemberus-gaap:SeriesEPreferredStockMember2025-07-0100017850562025-06-260001785056trnr:AtTheMarketOfferingMemberus-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001785056trnr:PrincipalStockholderPromissoryNotesMember2025-07-012025-09-300001785056trnr:OtherCountriesMembertrnr:WattbikeMember2025-07-012025-09-300001785056srt:EuropeMember2025-07-012025-09-300001785056trnr:MatureAtJuneFourTwoThousandTwentySevenMembertrnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-042025-06-040001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001785056us-gaap:SeriesCPreferredStockMember2024-01-012024-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001785056us-gaap:SeriesAPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-06-020001785056trnr:ClmbrIncMembersrt:ScenarioPreviouslyReportedMember2024-02-020001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-01-012025-09-300001785056trnr:WattbikeMembersrt:EuropeMember2025-01-012025-09-300001785056us-gaap:SeriesEPreferredStockMember2025-01-012025-09-300001785056trnr:DirectToCustomerSubscriptionMembertrnr:WattbikeAcquisitionMember2025-09-300001785056trnr:DigitalAssetsMember2025-07-012025-09-300001785056trnr:WattbikeMembercountry:US2025-07-012025-09-300001785056trnr:ExchangeAgreementNoteConversionSharesMember2025-02-040001785056trnr:FETTokensMember2024-12-310001785056trnr:RegisteredDirectOfferingWarrantsMember2025-09-300001785056trnr:MatureAtJuneTwelveTwoThousandTwentyTwoMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056trnr:SeriesLTIPreferredStockConversionToCommonStockMember2024-01-012024-09-300001785056trnr:FORMEMembercountry:US2024-07-012024-09-300001785056trnr:JuneTwoThousandTentyFiveConvertibleExchangeableNotesMember2024-12-310001785056trnr:FebruaryTwoThousandTwentyFourWarrantsMembertrnr:WarrantTwoMembertrnr:FebruaryTwoThousandTwentyFourNoteMember2024-02-010001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-09-180001785056trnr:SeptemberTwoThousandTwentyFiveWarrantsMember2024-12-310001785056us-gaap:FairValueInputsLevel3Memberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:WattbikeMembercountry:US2025-01-012025-09-300001785056us-gaap:SeriesCPreferredStockMember2024-09-300001785056us-gaap:AdditionalPaidInCapitalMember2025-06-300001785056us-gaap:RelatedPartyMembertrnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-052025-09-300001785056trnr:AmendedAndRestatedAssetPurchaseAgreementMemberus-gaap:SeriesBPreferredStockMember2024-02-022024-02-020001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310001785056trnr:ClmbrIncMember2024-01-012024-09-300001785056trnr:SeriesCConvertiblePreferredStockMember2024-12-310001785056trnr:MatureAtOctoberFifteenTwoThousandTwentyFiveMembertrnr:PromissoryNotesMember2025-07-012025-09-300001785056us-gaap:SubsequentEventMembertrnr:JuneTwoThousandTwentyFiveFETNotesMember2025-10-012025-10-310001785056trnr:UnsecuredPromissoryNoteMembertrnr:MatureAtMayTwentyFirstTwoThousandTwentySevenMember2025-05-210001785056us-gaap:CommonStockMember2024-06-300001785056trnr:SeptemberTwoThousandTwentyFiveDerivativeMember2025-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-07-012025-09-300001785056us-gaap:CommonStockMember2025-09-300001785056trnr:SeriesAConvertiblePreferredStockMember2025-06-300001785056trnr:PromissoryNotesMembertrnr:MatureAtMayFirstTwoThousandTwentySixMember2025-05-010001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-09-180001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-09-300001785056trnr:SeriesAConvertiblePreferredStockMember2024-07-012024-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-07-252025-07-250001785056trnr:RegisteredDirectPlacementAgentWarrantsMember2025-09-300001785056us-gaap:CommonStockMemberus-gaap:HomeEquityMember2024-01-012024-05-310001785056trnr:SeriesCConvertiblePreferredStockMember2024-09-300001785056trnr:MatureAtOctoberFifteenTwoThousandTwentyFiveMembertrnr:PromissoryNotesMember2025-03-050001785056trnr:TwoThousandTwentyFourCommonWarrantsMember2024-12-310001785056trnr:TwoThousandTwentyFiveCommonWarrantsMember2024-12-310001785056us-gaap:WarrantMembertrnr:FebruaryTwoThousandTwentyFourWarrantsMembertrnr:FebruaryTwoThousandTwentyFourNoteMember2024-02-012024-02-010001785056trnr:EventOfDefaultMembertrnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-07-250001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-01-012025-09-300001785056trnr:LoansPayableLongTermMember2024-12-310001785056trnr:MatureAtAugustTwentyEightTwoThousandTwentyOneMembertrnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056trnr:CLMBRMembercountry:US2025-07-012025-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2024-01-012024-09-300001785056trnr:SportstechMembertrnr:BindingTransactionAgreementMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2025-02-100001785056trnr:FETTokensMember2025-01-012025-09-300001785056trnr:CLMBRMember2024-07-012024-09-300001785056trnr:FollowOnOfferingMemberus-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001785056trnr:SeptemberTwoThousandTwentyFiveWarrantsMember2025-09-300001785056us-gaap:SeriesBPreferredStockMember2024-12-310001785056trnr:BestEffortsOfferingMember2024-07-012024-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-07-012025-09-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2024-06-012024-12-310001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-01-012025-09-300001785056us-gaap:SeriesCPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-01-230001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-06-100001785056trnr:RegisteredDirectOfferingWarrantsMember2025-01-012025-09-300001785056us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056us-gaap:ShareBasedCompensationAwardTrancheTwoMembertrnr:SportstechMembertrnr:BindingTransactionAgreementMember2025-02-100001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:SellingAndMarketingExpenseMember2025-07-012025-09-300001785056us-gaap:SeriesBPreferredStockMember2025-09-300001785056us-gaap:SeriesCPreferredStockMembersrt:BoardOfDirectorsChairmanMemberus-gaap:SubsequentEventMember2025-10-060001785056trnr:MarchTwoThousandTwentyFiveDerivativeMember2025-09-300001785056trnr:EventOfDefaultMembertrnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-09-180001785056trnr:LossRestorationAgreementDerivativeMember2025-01-012025-09-300001785056srt:MaximumMember2017-01-012017-12-310001785056us-gaap:CommonStockMembertrnr:ClmbrIncMember2024-02-020001785056us-gaap:RetainedEarningsMember2025-07-012025-09-300001785056trnr:CapitalizedSoftwareMember2025-09-300001785056trnr:AugustTwoThousandTwentyFiveWarrantsMember2025-09-300001785056trnr:WoodwayMayTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056trnr:OtherRelatedPartyConvertibleNotesMember2025-09-300001785056trnr:SeriesCPreferredStockConversionToCommonStockMember2025-01-012025-09-300001785056us-gaap:FairValueInputsLevel3Membertrnr:EmbeddedDerivatiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:WarrantMemberus-gaap:BlackScholesMertonModelMember2024-01-012024-12-310001785056us-gaap:RetainedEarningsMember2024-12-310001785056trnr:WattbikeAcquisitionMember2025-07-0100017850562025-01-012025-03-310001785056trnr:TermLoanMember2025-09-300001785056srt:AsiaMembertrnr:WattbikeMember2024-07-012024-09-300001785056trnr:SeriesAConvertiblePreferredStockOneMember2024-03-290001785056trnr:EventOfDefaultMembertrnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-03-110001785056trnr:MasterNettingAgreementMember2025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleNotesMember2025-06-130001785056trnr:WoodwayMayTwoThousandTwentyFiveWarrantsMember2025-09-300001785056trnr:AccountingStandardsUpdate20540Member2025-01-012025-09-300001785056us-gaap:AdditionalPaidInCapitalMember2024-09-300001785056us-gaap:SeriesEPreferredStockMember2024-01-012024-09-300001785056trnr:NovemberTwoThousandTwentyThreeBridgeWarrantsMember2025-09-300001785056us-gaap:PreferredClassAMember2025-09-300001785056trnr:NovemberTwoThousandTwentyThreeBridgeWarrantsMember2025-01-012025-09-300001785056trnr:SportstechMembertrnr:BindingTransactionAgreementMember2025-02-100001785056trnr:MatureAtJuneTwelveTwoThousandTwentyTwoMembertrnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056us-gaap:CommonStockMembertrnr:TermLoanMembertrnr:VerticalInvestorsLlcMember2025-08-080001785056us-gaap:FairValueInputsLevel2Membertrnr:DigitalAssetsMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:TermLoanMembertrnr:VerticalInvestorsLlcMember2025-08-080001785056trnr:PromissoryNotesMembertrnr:MatureAtMayFirstTwoThousandTwentySixMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-01-012025-09-300001785056us-gaap:LoansPayableMember2025-09-300001785056trnr:TetherStablecoinsMember2025-07-012025-07-310001785056trnr:MarchTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056trnr:MatureAtFebruaryEighteenTwoThousandTwentyOneMembertrnr:OtherRelatedPartyConvertibleNotesMember2024-01-012024-01-310001785056trnr:WattbikeAcquisitionMemberus-gaap:SeriesBPreferredStockMember2025-07-012025-07-010001785056trnr:FebruaryTwoThousandTwentyFourWarrantsMember2025-01-012025-09-300001785056us-gaap:RetainedEarningsMember2024-09-300001785056srt:AsiaMembertrnr:FORMEMember2025-07-012025-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001785056trnr:FORMEMembercountry:US2024-01-012024-09-300001785056us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:JuneConvertibleExchangeableNotesMember2025-09-300001785056trnr:SeriesCConvertiblePreferredStockMemberus-gaap:RetainedEarningsMember2025-04-012025-06-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2025-01-012025-09-300001785056trnr:SeriesAConvertiblePreferredStockMemberus-gaap:RetainedEarningsMember2025-01-012025-03-310001785056trnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-07-310001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2024-12-310001785056srt:MinimumMemberus-gaap:SubsequentEventMembertrnr:JuneTwoThousandTwentyFiveFETNotesMember2025-10-310001785056us-gaap:AdditionalPaidInCapitalMember2025-03-310001785056us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001785056trnr:FebruaryTwoThousandTwentyFourWarrantsMember2024-12-310001785056trnr:FollowOnOfferingMember2024-04-012024-06-300001785056us-gaap:WarrantMembersrt:MaximumMemberus-gaap:MonteCarloModelMember2025-01-012025-09-300001785056trnr:OtherRelatedPartyTransactionsMembertrnr:RoyaltyArrangementOnePercentageOfCumulativeNetSalesAbove5MillionMember2025-01-012025-09-300001785056trnr:CommonStockWarrantsBestEffortsA2Member2025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-01-012025-09-300001785056trnr:AccountingStandardsUpdate20540Member2023-08-220001785056trnr:AtTheMarketOfferingMemberus-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001785056us-gaap:CommonStockMember2025-08-012025-08-310001785056trnr:OtherCountriesMember2025-01-012025-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-300001785056trnr:JuneTwoThousandTentyFiveConvertiblePreferredNotesMember2024-12-310001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-01-280001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:ResearchAndDevelopmentExpenseMember2025-07-012025-09-300001785056trnr:LoanAgreementMember2025-09-300001785056us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:DevelopedTechnologyRightsMember2024-12-310001785056us-gaap:SeriesCPreferredStockMembertrnr:LoanRestorationAgreementMember2024-09-300001785056trnr:AugustTwoThousandTwentyFiveDerivativeMember2025-09-300001785056trnr:WattbikeAcquisitionMembertrnr:HardwareDevelopedTechnologyMember2025-09-300001785056trnr:PromissoryNotesMembertrnr:MatureAtMayFirstTwoThousandTwentySixMember2025-05-012025-05-010001785056trnr:HardwareDevelopedTechnologyMember2025-01-012025-09-300001785056us-gaap:GeneralAndAdministrativeExpenseMembertrnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-01-012024-09-300001785056us-gaap:CommonStockMember2025-01-012025-03-310001785056trnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056us-gaap:GeneralAndAdministrativeExpenseMembertrnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-07-012024-09-300001785056trnr:JuneTwoThousandTentyFiveConvertibleExchangeableNotesMember2025-09-300001785056trnr:SeriesBPreferredStockConversionToCommonStockMember2025-01-012025-09-300001785056trnr:ClmbrIncMember2024-02-020001785056trnr:WattbikeAcquisitionMembertrnr:SoftwareDevelopedTechnologyMember2025-01-012025-09-300001785056us-gaap:SeriesCPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-06-020001785056srt:MaximumMember2025-01-012025-09-300001785056srt:MinimumMember2025-01-012025-09-300001785056trnr:WattbikeAcquisitionMembertrnr:SoftwareDevelopedTechnologyMember2025-09-300001785056trnr:UnsecuredPromissoryNoteMembertrnr:MatureAtMayTwentyFirstTwoThousandTwentySevenMember2025-05-212025-05-210001785056trnr:PrincipalStockholderPromissoryNotesMember2019-08-280001785056trnr:AugustTwoThousandTwentyFiveDerivativeMember2024-12-310001785056trnr:SeriesLTIPreferredStockConversionToCommonStockMember2025-01-012025-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-12-310001785056us-gaap:TrademarksAndTradeNamesMember2024-12-310001785056trnr:CommonStockWarrantsBestEffortsA2Member2024-12-310001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-07-070001785056trnr:SportstechMembertrnr:LoanAgreementMember2025-09-300001785056trnr:JulyTwoThousandTwentyFiveDerivativeMember2025-01-012025-09-300001785056us-gaap:WarrantMembertrnr:WoodwayMayTwoThousandTwentyFiveWarrantsMember2025-05-210001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-01-012024-12-310001785056us-gaap:RetainedEarningsMember2024-07-012024-09-300001785056srt:EuropeMember2025-01-012025-09-300001785056trnr:OtherRelatedPartyTransactionsMember2025-01-012025-09-300001785056trnr:OtherCountriesMembertrnr:CLMBRMember2025-01-012025-09-300001785056trnr:WattbikeAcquisitionMembersrt:ScenarioForecastMembertrnr:PurchaseAgreementMember2025-10-012026-09-300001785056trnr:MatureAtOctoberFifteenTwoThousandTwentyFiveMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056trnr:AtTheMarketOfferingMember2025-01-012025-03-310001785056trnr:DigitalAssetsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:WattbikeAcquisitionMember2025-07-012025-07-010001785056us-gaap:SeriesCPreferredStockMember2025-01-230001785056trnr:SeriesCConvertiblePreferredStockMember2025-07-012025-09-300001785056trnr:OtherCountriesMembertrnr:CLMBRMember2025-07-012025-09-300001785056us-gaap:SeriesAPreferredStockMembersrt:MaximumMember2024-04-180001785056trnr:SeriesAPreferredStockConversionToCommonStockMember2025-01-012025-09-300001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-04-180001785056trnr:AssetPurchaseAgreementMember2025-01-012025-09-300001785056us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2024-12-310001785056trnr:SeptemberTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056us-gaap:CommonStockMember2024-01-012024-03-310001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001785056trnr:DigitalAssetsMember2025-01-012025-09-3000017850562017-01-012017-12-310001785056trnr:TetherStablecoinsMember2025-06-012025-06-300001785056us-gaap:OperatingSegmentsMember2024-01-012024-09-300001785056country:US2025-07-012025-09-300001785056trnr:TermLoanMember2025-01-012025-09-300001785056trnr:LoanAgreementMember2025-01-012025-09-300001785056trnr:AmendedAndRestatedAssetPurchaseAgreementMember2024-02-022024-02-020001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-3000017850562024-04-012024-06-300001785056trnr:MatureAtFebruaryEighteenTwoThousandTwentyOneMembertrnr:OtherRelatedPartyConvertibleNotesMember2024-12-310001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-07-250001785056trnr:MatureAtJuneFourTwoThousandTwentySevenMembersrt:MaximumMembertrnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-040001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-08-260001785056srt:AsiaMembertrnr:CLMBRMember2025-01-012025-09-300001785056trnr:LoansPayableLongTermMember2025-09-300001785056trnr:OtherCountriesMember2025-07-012025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2025-04-012025-06-300001785056us-gaap:SeriesEPreferredStockMember2024-12-310001785056trnr:IdentifiableIntangibleAssetsMember2025-07-012025-09-300001785056trnr:WattbikeAcquisitionMembertrnr:BusinessToBusinessSubscriptionMember2025-01-012025-09-300001785056srt:MinimumMemberus-gaap:MonteCarloModelMember2025-01-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertibleExchangeableNotesMember2025-09-300001785056trnr:TetherStablecoinsMember2025-06-3000017850562024-03-310001785056us-gaap:TrademarksAndTradeNamesMember2025-09-300001785056us-gaap:CommonStockMember2024-03-310001785056trnr:CLMBRMembercountry:US2024-07-012024-09-300001785056trnr:CommonStockWarrantsBestEffortsPreFundedMember2024-07-310001785056trnr:EventOfDefaultMembertrnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-01-280001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-09-180001785056trnr:SeriesBConvertiblePreferredStockMember2024-06-300001785056us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-01-012025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-09-300001785056trnr:FebruaryTwoThousandTwentyFourWarrantsMember2025-09-300001785056trnr:MatureAtOctoberFifteenTwoThousandTwentyFiveMembertrnr:PromissoryNotesMember2025-03-052025-03-050001785056us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2024-12-3100017850562024-07-012024-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2024-12-310001785056us-gaap:RetainedEarningsMember2025-09-300001785056trnr:DerivativeLiabilitiesMember2024-12-310001785056us-gaap:OperatingSegmentsMember2025-01-012025-09-300001785056trnr:AtTheMarketOfferingMember2024-07-012024-09-300001785056trnr:StockOptionsToPurchaseCommonStockMember2024-01-012024-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2025-01-280001785056trnr:SeriesAConvertiblePreferredStockMember2025-03-3100017850562024-12-310001785056us-gaap:CommonStockMembertrnr:AmendedAndRestatedAssetPurchaseAgreementMember2024-02-022024-02-020001785056us-gaap:PreferredClassBMember2025-09-300001785056trnr:SeriesCConvertiblePreferredStockMember2025-03-310001785056trnr:WorkingCapitalFacilityMember2025-07-012025-09-300001785056trnr:JuneTwoThousandTwentyFiveConvertiblePreferredNoteMember2025-06-040001785056trnr:TermLoanMember2024-01-012024-09-300001785056trnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2025-01-012025-09-300001785056us-gaap:CostOfGoodsTotalMembertrnr:VendorThreeMemberus-gaap:SupplierConcentrationRiskMember2025-01-012025-09-300001785056trnr:FORMEMember2025-01-012025-09-300001785056us-gaap:DevelopedTechnologyRightsMember2025-09-300001785056us-gaap:RestrictedStockMember2025-01-012025-09-300001785056us-gaap:IPOMember2024-04-012024-06-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2025-09-182025-09-180001785056us-gaap:SeriesEPreferredStockMember2025-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001785056trnr:SeriesAConvertiblePreferredStockMember2025-09-300001785056trnr:WattbikeAcquisitionMembertrnr:BusinessToBusinessSubscriptionMember2025-09-300001785056srt:MinimumMemberus-gaap:MonteCarloModelMember2024-01-012024-12-310001785056trnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2025-09-300001785056trnr:WattbikeFXContractDerivativeMember2025-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:ResearchAndDevelopmentExpenseMember2024-01-012024-09-300001785056trnr:ExchangeNoteFiveMember2025-02-042025-02-040001785056trnr:DerivativeAssetsMember2025-09-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2024-07-012024-09-300001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2024-01-012024-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2024-09-300001785056trnr:WattbikeMember2024-01-012024-09-300001785056us-gaap:CommonStockMember2025-07-012025-09-3000017850562024-01-012024-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-08-262025-08-260001785056trnr:MarchTwoThousandTwentyFiveWarrantsMember2025-09-300001785056trnr:AtTheMarketOfferingMemberus-gaap:CommonStockMember2024-04-012024-06-300001785056trnr:MatureAtFebruaryEighteenTwoThousandTwentyOneMembertrnr:OtherRelatedPartyConvertibleNotesMember2025-09-300001785056trnr:SeriesCConvertiblePreferredStockMember2025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveDerivativeMember2025-09-300001785056trnr:ExchangeNotesMember2025-02-280001785056us-gaap:CommonStockMember2024-11-012024-12-310001785056us-gaap:WarrantMemberus-gaap:BlackScholesMertonModelMembersrt:MaximumMember2025-01-012025-09-300001785056us-gaap:LoansPayableMember2024-12-310001785056us-gaap:ConvertiblePreferredStockMember2025-06-012025-06-300001785056us-gaap:CommonStockMembertrnr:BestEffortsOfferingMember2024-07-310001785056trnr:RegisteredDirectOfferingWarrantsMember2024-12-310001785056trnr:OtherRelatedPartyTransactionsMembersrt:MinimumMember2025-01-012025-09-300001785056trnr:SeriesBPreferredStockConversionToCommonStockMember2024-01-012024-09-300001785056us-gaap:FairValueInputsLevel2Membertrnr:EmbeddedDerivatiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056us-gaap:CommonStockMember2024-02-012024-02-010001785056trnr:LoanAmountMember2024-09-300001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-07-012025-09-300001785056trnr:JulyTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056trnr:SeriesAConvertiblePreferredStockOneMembertrnr:LoanRestorationAgreementMember2024-01-012024-09-300001785056us-gaap:SeriesCPreferredStockMember2025-06-020001785056trnr:LoanModificationAgreementMember2024-04-242024-04-240001785056us-gaap:SeriesAPreferredStockMembersrt:BoardOfDirectorsChairmanMember2025-01-2300017850562025-03-310001785056trnr:MatureAtMarchTwentyTwoThousandTwentyTwoMembertrnr:PrincipalStockholderPromissoryNotesMember2024-12-310001785056trnr:WattbikeMember2024-07-012024-09-300001785056us-gaap:WarrantMembertrnr:RegisteredDirectPlacementAgentWarrantsMember2024-05-080001785056us-gaap:SeriesCPreferredStockMembersrt:MinimumMember2025-01-012025-09-3000017850562024-11-132024-11-130001785056trnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveClassBIncrementalWarrantsMember2025-09-300001785056us-gaap:CustomerRelatedIntangibleAssetsMember2025-09-300001785056us-gaap:CommonStockMember2025-06-260001785056trnr:SeriesAConvertiblePreferredStockMember2025-04-012025-06-300001785056trnr:JulyTwoThousandTwentyFiveConvertibleNotesMember2025-09-180001785056trnr:FETTokensMember2025-06-300001785056trnr:DerivativeLiabilitiesMember2025-01-012025-09-300001785056trnr:TwoThousandTwentyFiveIncrementalWarrantsMember2025-01-012025-09-300001785056srt:AsiaMember2024-01-012024-09-300001785056us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300001785056trnr:TwoThousandTwentyThreeCommonWarrantsMember2025-01-012025-09-300001785056trnr:MatureAtMaySeventeenTwoThousandTwentyOneMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056trnr:TermLoanMember2025-07-012025-09-300001785056us-gaap:CashAndCashEquivalentsMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2024-01-012024-12-310001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-01-012024-12-310001785056us-gaap:WarrantMember2024-12-310001785056trnr:ExchangeNoteOneMember2025-02-042025-02-040001785056us-gaap:SeriesAPreferredStockMember2024-01-012024-09-300001785056us-gaap:FairValueInputsLevel1Memberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:WattbikeAcquisitionMember2025-07-010001785056trnr:ExchangeNoteTwoMember2025-02-042025-02-040001785056trnr:CLMBRMember2025-01-012025-09-300001785056trnr:AugustTwoThousandTwentyFiveConvertibleNotesMember2025-09-182025-09-180001785056trnr:AmendedAndRestatedAssetPurchaseAgreementMemberus-gaap:CashMember2024-02-022024-02-020001785056trnr:ExchangeNotesMember2025-02-282025-02-280001785056us-gaap:CommonStockMember2024-09-012024-11-300001785056us-gaap:SeriesCPreferredStockMember2025-01-012025-03-310001785056trnr:CommonStockWarrantsBestEffortsA2Member2025-01-012025-09-300001785056us-gaap:EmployeeStockOptionMembertrnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2025-01-012025-09-300001785056us-gaap:WarrantMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:TermLoanMembertrnr:LoanModificationAgreementMember2024-04-242024-04-240001785056trnr:SeriesAPreferredStockConversionToCommonStockMember2024-01-012024-09-300001785056trnr:EmbeddedDerivatiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:SeriesLTIPreferredStockMember2025-06-140001785056trnr:CommonStockWarrantsBestEffortsPlacementAgentMember2025-01-012025-09-3000017850562025-04-012025-06-300001785056us-gaap:WarrantMembersrt:MinimumMemberus-gaap:BlackScholesMertonModelMember2024-01-012024-12-310001785056trnr:CLMBRMembercountry:US2025-01-012025-09-300001785056trnr:CLMBRMember2025-07-012025-09-300001785056us-gaap:FairValueInputsLevel3Membertrnr:EmbeddedDerivatiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001785056trnr:SeriesEConvertiblePreferredStockMember2025-06-260001785056trnr:WarrantsToPurchaseCommonStockMember2025-01-012025-09-300001785056us-gaap:RetainedEarningsMember2025-06-300001785056us-gaap:CommonStockMembertrnr:DecemberTwoThousandTwentyThreeConvertibleNotesMember2024-06-012024-06-300001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2025-09-3000017850562024-03-072024-03-070001785056trnr:WattbikeFXContractDerivativeMember2024-12-310001785056us-gaap:WarrantMembertrnr:AugustTwoThousandTwentyFiveWarrantsMember2025-08-260001785056trnr:CapitalizedContentCostsMember2024-12-310001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMemberus-gaap:SellingAndMarketingExpenseMember2024-07-012024-09-300001785056us-gaap:CustomerRelatedIntangibleAssetsMember2024-12-310001785056trnr:HardwareDevelopedTechnologyMember2025-09-300001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-09-182025-09-180001785056trnr:AtTheMarketOfferingMember2024-04-012024-06-300001785056us-gaap:SeriesAPreferredStockMember2024-12-310001785056trnr:WattbikeAcquisitionMemberus-gaap:TrademarksAndTradeNamesMember2025-01-012025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-01-280001785056trnr:FebruaryTwoThousandTwentyFourConvertibleNotesMember2024-02-010001785056trnr:WorkingCapitalFacilityMember2024-12-310001785056trnr:NovemberTwoThousandTwentyThreeBridgeWarrantsMember2024-12-310001785056trnr:SeptemberTwoThousandTwentyFiveConvertibleNotesMember2024-01-012024-09-300001785056trnr:TwoThousandTwentyThreeAndTwoThousandTwentyEquityIncentivePlanMember2024-01-012024-09-300001785056trnr:JanuaryTwoThousandTwentyFiveClassAIncrementalWarrantsMember2024-12-310001785056us-gaap:CommonStockMember2025-03-310001785056trnr:AccountingStandardsUpdate20540Member2025-09-300001785056us-gaap:WarrantMembertrnr:SeptemberTwoThousandTwentyFiveWarrantsMember2025-09-180001785056us-gaap:SeriesCPreferredStockMember2025-01-012025-09-300001785056trnr:SeriesCConvertiblePreferredStockMemberus-gaap:RetainedEarningsMember2025-01-012025-03-3100017850562025-06-300001785056trnr:PrincipalStockholderPromissoryNotesMember2025-02-040001785056us-gaap:OperatingSegmentsMember2024-07-012024-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2025-03-310001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-042025-02-040001785056trnr:PrincipalStockholderPromissoryNotesMembertrnr:MatureAtMaySeventeenTwoThousandTwentyOneMember2024-12-310001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMembertrnr:ClassAIncrementalWarrantsMember2025-03-110001785056us-gaap:CommonStockMember2024-06-252024-06-250001785056trnr:OtherRelatedPartyConvertibleNotesMember2020-02-180001785056trnr:SeriesAConvertiblePreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001785056us-gaap:CommonStockMember2025-04-012025-06-300001785056us-gaap:OperatingSegmentsMember2025-07-012025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-280001785056trnr:TetherStablecoinsMember2025-09-300001785056us-gaap:FairValueInputsLevel1Memberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001785056trnr:WoodwayFebruaryTwoThousandTwentyFourWarrantsMemberus-gaap:WarrantMember2024-02-200001785056us-gaap:RelatedPartyMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056trnr:MarchTwoThousandTwentyFiveConvertibleNotesMember2024-07-012024-09-3000017850562025-06-262025-06-260001785056srt:AsiaMember2025-07-012025-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001785056us-gaap:SeriesCPreferredStockMembertrnr:LenderSettlementAgreementMember2025-01-230001785056srt:AsiaMembertrnr:WattbikeMember2024-01-012024-09-300001785056trnr:MatureAtMarchTwentyTwoThousandTwentyTwoMembertrnr:PrincipalStockholderPromissoryNotesMember2025-09-300001785056us-gaap:WarrantMembertrnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-01-012025-09-300001785056trnr:SeriesLTIPreferredStockMember2025-09-300001785056us-gaap:CashAndCashEquivalentsMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2025-01-012025-09-300001785056us-gaap:CommonStockMember2024-09-3000017850562025-06-012025-06-300001785056us-gaap:TrademarksAndTradeNamesMember2025-01-012025-09-300001785056trnr:IdentifiableIntangibleAssetsMember2024-07-012024-09-300001785056trnr:WattbikeAcquisitionMember2024-01-012024-09-300001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-300001785056trnr:TermLoanMember2024-12-310001785056trnr:DirectToCustomerSubscriptionMember2025-01-012025-09-300001785056trnr:WorkingCapitalFacilityMember2025-07-012025-07-010001785056us-gaap:SeriesAPreferredStockMembersrt:MinimumMember2024-06-280001785056us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001785056us-gaap:CostOfGoodsTotalMembersrt:MinimumMembertrnr:NoVendorMemberus-gaap:SupplierConcentrationRiskMember2024-01-012024-09-300001785056trnr:CLMBRMembersrt:EuropeMember2025-01-012025-09-300001785056trnr:TwoThousandTwentyFiveCommonWarrantsMember2025-09-300001785056trnr:JanuaryTwoThousandTwentyFiveConvertibleNotesMember2025-01-012025-09-300001785056us-gaap:PreferredClassBMember2024-12-310001785056trnr:UnsecuredPromissoryNoteMember2025-05-212025-05-210001785056trnr:ExchangeNoteFourMember2025-02-042025-02-040001785056us-gaap:RetainedEarningsMember2024-01-012024-03-310001785056trnr:SeptemberExchangeNoteMember2025-09-262025-09-260001785056trnr:HardwareDistributionMember2025-09-3000017850562024-01-012024-03-310001785056trnr:JanuaryTwoThousandTwentyFiveExchangeNotesMember2025-02-052025-09-300001785056trnr:SeriesBConvertiblePreferredStockMember2024-04-012024-06-300001785056us-gaap:WarrantMemberus-gaap:MonteCarloModelMember2024-01-012024-12-310001785056trnr:AmendedAndRestatedAssetPurchaseAgreementMember2024-02-020001785056us-gaap:SeriesAPreferredStockMember2025-06-020001785056trnr:JanuaryTwoThousandTwentyFiveWarrantsMember2025-09-300001785056trnr:ClmbrIncMemberus-gaap:SeriesBPreferredStockMember2024-02-020001785056us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300001785056us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConvertibleNotesPayableMember2025-09-30trnr:Customeriso4217:EURxbrli:purexbrli:sharesiso4217:USDxbrli:sharestrnr:Segmenttrnr:DigitalAssetsiso4217:GBPtrnr:Vendoriso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ________

Commission File Number: 001-41610

INTERACTIVE STRENGTH INC.

(Exact name of registrant as specified in its charter)


Delaware	82-1432916
( State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1005 Congress Ave, Suite 925 Austin, Texas	78701
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (512) 885-0035

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.0001 par value per share	TRNR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of November 10, 2025, the registrant had 2,385,898 shares of common stock, $0.0001 par value per share, outstanding.

Unless otherwise indicated, all share numbers and per share totals have been adjusted to reflect the 1-for-40 reverse stock split that was effective on June 14, 2024, the 1-for-100 reverse stock split that was effective on November 11, 2024, and the 1-for-10 reverse stock split that was effective on June 26, 2025.

TABLE OF CONTENTS


Part I. Financial Information

Item 1 Financial Statements	1

Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations	48

Item 3 Quantitative and Qualitative Disclosures About Market Risk	62

Item 4 Controls and Procedures	62

Part II. Other Information

Item 1 Legal Proceedings	65

Item 1A Risk Factors	65

Item 5 Other Information	67

Item 6 Exhibits	68

Item 1. Financial Statements

INTERACTIVE STRENGTH INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(In thousands, except share amounts)


	September 30,			December 31,
	2025			2024
Assets
Current assets:
Cash and cash equivalents	$	845		$	138
Accounts receivable, net		2,382			1,426
Inventories, net		5,118			3,868
Derivatives		111			—
Vendor deposits		1,055			1,976
Loan receivable		6,087			—
Prepaid expenses and other current assets		1,774			810
Total current assets		17,372			8,218
Property and equipment, net		327			116
Right-of-use-assets		370			415
Intangible assets, net		8,118			6,106
Long-term inventories, net		3,096			2,822
Vendor deposits long term		1,268			310
Digital assets		36,770			—
Goodwill		15,144			13,220
Other assets		2,973			2,963
Total Assets	$	85,438		$	34,170
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	8,944		$	11,169
Accrued expenses and other current liabilities		7,795			3,975
Operating lease liability, current portion		198			261
Deferred revenue		391			77
Loan payable		9,754			8,569
Income tax payable		7			7
Derivatives		1,050			73
Convertible note payable		2,669			2,750
Total current liabilities		30,808			26,881
Operating lease liability, net of current portion		188			170
Other long term liabilities		1,895			—
Warrant liabilities		1,084			4
Loan payable non current		1,646			—
Convertible note payable non current		32,360			—
Total liabilities	$	67,981		$	27,055
Commitments and contingencies (Note 15)
Series E preferred stock, par value $0.0001; 1,300,000 shares authorized as of September 30, 2025 and 0 shares authorized as of December 31, 2024; 1,300,000 and 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively.		2,600			—
Stockholders' equity
Series A preferred stock, par value $0.0001; 10,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 4,799,867 and 4,658,737 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively.		1			1
Series B preferred stock, par value $0.0001; 1,500,000 shares authorized as of September 30, 2025 and December 31, 2024; 408,775 and 1,500,000 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively.		—			—
Series C preferred stock, par value $0.0001; 5,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 1,405,887 and 2,861,128 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively.		1			—
Common stock, par value $0.0001; 900,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 2,079,510 and 140,210 shares issued and outstanding as of September 30, 2025 and December 31, 2024 respectively.		10			8
Additional paid-in capital		231,792			209,509
Accumulated other comprehensive income		247			183
Accumulated deficit		(217,194	)		(202,586	)
Total stockholders' equity		14,857			7,115
Total liabilities, preferred stock and stockholders' equity	$	85,438		$	34,170

INTERACTIVE STRENGTH INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(unaudited)

(In thousands, except share and per share amounts)


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Revenue:
Fitness product revenue	$	4,553		$	1,617		$	6,541		$	1,927
Membership revenue		149			224			489			586
Training revenue		113			173			361			484
Total revenue		4,815			2,014			7,391			2,997
Cost of revenue:
Cost of fitness product revenue		(3,311	)		(1,349	)		(4,925	)		(2,075	)
Cost of membership		(360	)		(768	)		(1,202	)		(2,768	)
Cost of training		(319	)		(185	)		(935	)		(522	)
Total cost of revenue		(3,990	)		(2,302	)		(7,062	)		(5,365	)
Gross profit (loss)		825			(288	)		329			(2,368	)
Operating expenses:
Research and development		404			2,212			2,453			6,708
Sales and marketing		460			194			921			562
General and administrative		5,994			5,060			15,120			15,438
Total operating expenses		6,858			7,466			18,494			22,708
Loss from operations		(6,033	)		(7,754	)		(18,165	)		(25,076	)
Other income (expense), net:
Other income (expense), net		(56	)		256			(1,094	)		(506	)
Interest expense		(4,017	)		(1,831	)		(10,271	)		(6,750	)
Interest income		675			—			1,062			—
Loss on issuance of warrants		—			(4,780	)		—			(5,551	)
Gain (loss) upon extinguishment of debt and accounts payable		687			110			5,146			(1,622	)
Change in fair value of convertible notes		11,993			—			18,621			(316	)
Change in fair value of earnout		—			—			—			1,300
Change in fair value of derivatives		1,370			956			(579	)		201
Change in fair value of digital assets		(10,605	)		—			(10,480	)		—
Change in fair value of warrants		755			5,902			1,748			9,148
Total other income (expense), net		802			613			4,153			(4,096	)
Loss before provision for income taxes		(5,231	)		(7,141	)		(14,012	)		(29,172	)
Income tax expense		—			—			—			—
Net loss attributable to common stockholders	$	(5,231	)	$	(7,141	)	$	(14,012	)	$	(29,172	)
Net loss per share - basic and diluted	$	(3.11	)	$	(1,534.56	)	$	(13.56	)	$	(15,222.49	)
Weighted average common stock outstanding—basic and diluted		1,682,660			4,653			1,033,174			1,916


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Net loss	$	(5,231	)	$	(7,141	)	$	(14,012	)	$	(29,172	)
Other comprehensive (loss) gain:
Foreign currency translation (loss) gain		20			(242	)		64			(205	)
Total comprehensive loss	$	(5,211	)	$	(7,383	)	$	(13,948	)	$	(29,377	)

INTERACTIVE STRENGTH INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)

(unaudited)

(In thousands, except share amounts)


	Convertible Preferred Stock Series B						Convertible Preferred Stock Series A					Convertible Preferred Stock Series B				Convertible Preferred Stock Series C				Common Stock				Subscription Receivable Preferred Stock Series A			Additional Paid-In Capital			Accumulated Other Comprehensive Income (Loss)			Accumulated Deficit			Total Stockholders' (Deficit) Equity
	Shares			Amount			Shares			Amount		Shares		Amount		Shares		Amount		Shares		Amount
Balances at December 31, 2023		—		$	—			—		$	—		—	$	—		—	$	—		355	$	7	$	—		$	161,252		$	100		$	(166,911	)	$	(5,552	)
Issuance of preferred stock Series A upon conversion of debt		—			—			3,430,895			1		—		—		—		—		—		—		—			10,082			—			—			10,082
Subscription receivable for issuance of Series A preferred stock		—			—			1,500,000			—		—		—		—		—		—		—		(3,000	)		—			—			—			(3,000	)
Issuance of preferred stock series B upon acquisition of CLMBR, Inc.		1,500,000			2,688			—			—		—		—		—		—		—		—		—			—			—			—			—
Issuance of common stock upon acquisition of CLMBR, Inc.		—			—			—			—		—		—		—		—		36		0		—			1,014			—			—			1,014
Issuance of Common stock upon waiver to enter into Note Agreement		—			—			—			—		—		—		—		—		6		0		—			177			—			—			177
Issuance of shares upon issuance of convertible notes		—			—			—			—		—		—		—		—		19		0		—			547			—			—			547
Issuance of Common stock from equity line of credit		—			—			—			—		—		—		—		—		33		0		—			692			—			—			692
Issuance of Common stock upon conversion of convertible notes		—			—			—			—		—		—		—		—		37		0		—			866			—			—			866
Issuance of Common stock upon exercise of stock options		—			—			—			—		—		—		—		—		1		—		—			—			—			—			—
Stock-based compensation		—			—			—			—		—		—		—		—		—		—		—			3,586			—			—			3,586
Foreign currency translation gain (loss)		—			—			—			—		—		—		—		—		—		—		—			—			39			—			39
Net loss		—			—			—			—		—		—		—		—		—		—		—			—			—			(11,394	)		(11,394	)
Balances at March 31, 2024		1,500,000		$	2,688			4,930,895		$	1		—	$	—		—	$	—		487	$	7	$	(3,000	)	$	178,216		$	139		$	(178,305	)	$	(2,942	)
Issuance of preferred stock Series A upon conversion of debt		—			—			1,562,970			0		—		—		—		—		—		—		—			2,368			—			—			2,368
Subscription receivable for issuance of Series A preferred stock		—			—			—			—		—		—		—		—		—		—		3,000			—			—			—			3,000
Reclassification of series B preferred stock to permanent equity		(1,500,000	)		(2,688	)		—			—		1,500,000		—		—		—		—		—		—			2,955			—			—			2,955
1 for 40 reverse stock split share round up		—			—			—			—		—		—		—		—		100		—		—			—			—			—			—
Registered direct offering, net of issuance costs of $0.2 million		—			—			—			—		—		—		—		—		142		0		—			809			—			—			809
Registered direct offering costs		—			—			—			—		—		—		—		—		—		—		—			(74	)		—			—			(74	)
Issuance of Common stock from At the Market offering, net of issuance costs of $0.1 million		—			—			—			—		—		—		—		—		162		0		—			405			—			—			405
At the Market offering costs		—			—			—			—		—		—		—		—		—		—		—			(50	)		—			—			(50	)
Issuance of Common stock from equity line of credit		—			—			—			—		—		—		—		—		8		0		—			65			—			—			65
Issuance of Common stock upon conversion of convertible notes		—			—			—			—		—		—		—		—		251		0		—			1,084			—			—			1,084
Issuance of shares upon conversion of warrants		—			—			375,000			0		—		—		—		—		—		—		—			480			—			—			480
Issuance of Common stock upon exercise of warrants		—			—			—			—		—		—		—		—		23		0		—			92			—			—			92
Issuance of Common stock upon exercise of stock options		—			—			—			—		—		—		—		—		1		—		—			—			—			—			—
Stock-based compensation		—			—			—			—		—		—		—		—		—		—		—			2,860			—			—			2,860
Foreign currency translation loss		—			—			—			—		—		—		—		—		—		—		—			—			(2	)		—			(2	)
Net loss		—			—			—			—		—		—		—		—		—		—		—			—			—			(10,637	)		(10,637	)
Balances at June 30, 2024		—		$	—			6,868,865		$	1		1,500,000	$	—		—	$	—		1,174	$	7	$	—		$	189,210		$	137		$	(188,942	)	$	413
Issuance of Common stock from Best Efforts Offering		—			—			—			—		—		—		—		—		210		0		—			296			—			—			296
Best Efforts offering costs		—			—			—			—		—		—		—		—		—		—		—			(16	)		—			—			(16	)
Series A Preferred dividends declared and paid in kind		—			—			59,668			—		—		—		—		—		—		—		—			538			—			(538	)		—
Issuance of preferred stock series C upon conversion of preferred series A and conversion of debt		—			—			(1,559,668	)		—		—		—		2,861,128		0		—		—		—			2,720			—			—			2,720
Issuance of Common stock from At the Market offering		—			—			—			—		—		—		—		—		11,874		1		—			3,668			—			—			3,669
Issuance of Common stock upon exercise of warrants		—			—			—			—		—		—		—		—		2,627		0		—			2,563			—			—			2,563
Issuance of Common stock upon extinguishment of debt		—			—			—			—		—		—		—		—		1,287		0		—			373			—			—			373
Issuance of Common stock upon exercise of stock options		—			—			—			—		—		—		—		—		1		—		—			—			—			—			—
Stock-based compensation		—			—			—			—		—		—		—		—		—		—		—			3,157			—			—			3,157
Foreign currency translation gain (loss)		—			—			—			—		—		—		—		—		—		—		—			—			(242	)		—			(242	)
Net loss		—			—			—			—		—		—		—		—		—		—		—			—			—			(7,141	)		(7,141	)
Balances at September 30, 2024		—		$	—			5,368,865		$	1		1,500,000	$	—		2,861,128	$	0		17,173	$	8	$	—		$	202,509		$	(105	)	$	(196,621	)	$	5,792

INTERACTIVE STRENGTH INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY

(unaudited)

(In thousands, except share amounts)


	Convertible Preferred Stock Series E				Convertible Preferred Stock Series A					Convertible Preferred Stock Series B					Convertible Preferred Stock Series C					Common Stock				Additional Paid-In Capital		Accumulated Other Comprehensive Income		Accumulated Deficit			Total Stockholders' Equity
	Shares		Amount		Shares			Amount		Shares			Amount		Shares			Amount		Shares		Amount
Balances at December 31, 2024		—	$	—		4,658,737		$	1		1,500,000		$	0		2,861,128		$	0		140,210	$	8	$	209,509	$	183	$	(202,586	)	$	7,115
Series A Preferred dividends declared and paid in kind		—		—		112,334			—		—			—		—			—		—		—		225		—		(225	)		—
Series C Preferred dividends declared and paid in kind		—		—		—			—		—			—		126,515			—		—		—		253		—		(253	)		—
Issuance of Common stock from At the Market offering		—		—		—			—		—			—		—			—		82,150		—		1,594		—		—			1,594
Issuance of Common stock upon conversion of convertible notes		—		—		—			—		—			—		—			—		394,158		1		5,798		—		—			5,799
Issuance of Common stock upon conversion of preferred stock		—		—		(100,000	)		—		(1,060,118	)		—		(2,801,250	)		—		178,839		—		—		—		—			—
Issuance of preferred stock series C upon settlement of loss restoration agreement		—		—		—			—		—			—		1,684,817			1		—		—		3,127		—		—			3,128
Gain on extinguishment of related party promissory notes		—		—		—			—		—			—		—			—		—		—		—		—		279			279
Stock-based compensation		—		—		—			—		—			—		—			—		—		—		2,423		—		—			2,423
Foreign currency translation gain		—		—		—			—		—			—		—			—		—		—		—		21		—			21
Net loss		—		—		—			—		—			—		—			—		—		—		—		—		(6,603	)		(6,603	)
Balances at March 31, 2025		—	$	—		4,671,071		$	1		439,882		$	0		1,871,210		$	1		795,357	$	9	$	222,929	$	204	$	(209,388	)	$	13,756

Interactive Strength, Inc. 10-Q