Interactive Strength, Inc. (TRNR)
CIK 1785056 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 1.6M shares as of Aug 11, 2026 (10-Q). Share count fell from 10.1M to 1.5M between May 15, 2025 and Aug 7, 2025, a pattern consistent with a reverse split (roughly 1-for-7); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
Warrants outstanding: 3.1M underlying shares, as reported May 31, 2024 (10-Q).
Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $1.3M as of Mar 31, 2023.
Rough fully diluted estimate: 4.7M = 1.6M O/S + 3.1M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Senior Secured Convertible Notes | $55.6M | — | not tagged | 12% | — |
| Secured Convertible Notes | not tagged | $5.3M | not tagged | — | — |
| Remainder Notes Recorded At Fair Value | not tagged | $4.8M | not tagged | — | — |
| Remainder Notes To DWF Labs | $4.5M | — | $177.1 | 12% | ~25,409 sh |
| January Two Thousand Twenty Five Convertible Notes | $4.4M | — | $31.58 | 12% | ~139,329 sh |
| Remainder Notes To ATW Partners | $3.0M | — | $47.8 | 12% | ~62,762 sh |
| September Two Thousand Twenty Five Exchange Note | $1.6M | — | $385 | 12% | ~4,156 sh |
| June Two Thousand Twenty Five Convertible Preferred Note | $700,000 | $842,000 | not tagged | 15% | — |
| Promissory Notes | $300,000 | — | $3353 | 5%-12% | ~89 sh |
| Related Party Convertible Notes | not tagged | $225,000 | not tagged | — | — |
| Other Related Party Convertible Notes | $200,000 | — | not tagged | 12% | — |
| Other Convertible Notes Recorded At Fair Value | not tagged | $0 | not tagged | — | — |
If every note above converted at its tagged price: ~231,745 new shares on 1.6M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 1.6M | Aug 11, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 3.1M | May 31, 2024 |
| + Remainder Notes To DWF Labs (if fully converted) | 25,409 | Jun 30, 2026 |
| + January Two Thousand Twenty Five Convertible Notes (if fully converted) | 139,329 | Jun 30, 2026 |
| + Remainder Notes To ATW Partners (if fully converted) | 62,762 | Jun 30, 2026 |
| + September Two Thousand Twenty Five Exchange Note (if fully converted) | 4,156 | Jan 31, 2026 |
| + Promissory Notes (if fully converted) | 89 | Jun 30, 2026 |
| Fully diluted estimate | 4.9M | +204.5% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 21 executed · 3 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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