October 2, 2025 | Fellow Shareholders:
This week, the TRNR team is on the ground at Beyond Activ: The Americas — one of the most important gatherings of senior leaders across the global fitness, wellness, and technology industries. The event brings together decision-makers from leading gym operators, distributors, and investors to discuss where the industry is heading and how innovation is reshaping the fitness experience.
For TRNR, it’s a timely opportunity to showcase the momentum across our platform — Wattbike, CLMBR, FORME, and our pending acquisition of Sportstech in Germany. Over the past 18 months, we’ve built a portfolio of high-performance fitness brands with strong commercial appeal and growing global reach.
Highlighting Our Brands on the Global Stage
- Wattbike is already trusted by elite sports organizations worldwide and is scaling into new markets through TRNR’s platform.
- CLMBR has secured adoption from major operators and distributors across the U.S. and Europe, reinforcing its potential as the leading total-body cardio solution.
- Sportstech has delivered accelerating revenue growth this year, directly supported by TRNR investment and collaboration, underscoring the opportunity we see in Europe.
At Beyond Activ, these stories resonate. The operators, distributors, and partners we are speaking with see the same trends we do: demand for innovative, space-efficient equipment, coupled with the ability to deliver engaging digital experiences.
Why This Matters for Shareholders
Our presence at Beyond Activ is not just about visibility — it’s about execution. TRNR’s senior team is building relationships, pursuing distribution opportunities, and strengthening partnerships that directly support our goal of creating a diversified, international connected-fitness platform.
As we look ahead, our strategy remains clear:
- Continue to integrate and scale Wattbike and CLMBR.
- Complete and integrate the pending acquisition of Sportstech, adding a profitable, growing European business to our platform.
- Expand TRNR’s ability to reach both commercial operators and individual consumers with differentiated, performance-driven solutions.
Final Thoughts
Beyond Activ is a reminder of the scale of the global opportunity ahead of TRNR — and the fact that our brands are increasingly part of the industry conversation at the highest levels. We look forward to keeping shareholders updated on both near-term milestones, like the closing of our Sportstech acquisition, and longer-term progress as we continue to build TRNR into a scaled international leader in connected fitness.
Thanks for being on this journey with us. There’s more to come. Let’s keep building,
— Team TRNR
Forward Looking Statements:
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect current expectations, assumptions, and projections of Interactive Strength Inc. (“TRNR”) management regarding future events and business performance. Forward-looking statements include terminology such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “may,” “will,” “should,” “estimate,” “target,” “project,” or similar expressions. These statements include, but are not limited to, those related to the potential global opportunity for the Company’s portfolio of brands, whether the Sportstech acquisition will complete or integrate successfully. These statements are based on current assumptions and subject to known and unknown risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, market adoption rates, competitive developments, regulatory considerations surrounding health data, operational execution, data security and privacy concerns, supply chain constraints, and macroeconomic conditions. There can be no assurance that future developments will be aligned with these forward-looking statements. Actual outcomes could differ significantly due to a variety of factors, some of which are beyond the control of TRNR. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date they are made, except as required by law. For more detailed risk factors and disclosures, please consult our filings with the U.S. Securities and Exchange Commission.