互动力量公司 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ___________ to ________Commission File Number: 001-41610 INTERACTIVE STRENGTH INC. (Exact name of registrant as specified in its charter) 82-1432916(I.R.S. EmployerIdentification No.) Delaware( State or other jurisdiction ofincorporation or organization)1005 Congress Ave, Suite 925Austin, Texas(Address of principal executive offices) Registrant’s telephone number, including area code: (512) 885-0035 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen 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 toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto 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 reportingcompany, 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☐Non-accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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: Unless otherwise indicated, all share numbers and per share totals have been adjusted to reflect the 1-for-40 reverse stock split that waseffective on June 14, 2024, the 1-for-100 reverse stock split that was effective on November 11, 2024, the 1-for-10 reverse stock split that waseffective on June 26, 2025 and the 1-for-10 reverse stock split that was effective on February 24, 2026. TABLE OF CONTENTS Part I. Financial Information Item 1 Financial Statements1Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations31Item 3 Quantitative and Qualitative Disclosures About Market Risk45Item 4 Controls and Procedures45 Part II. Other InformationItem 1 Legal ProceedingsItem 1A Risk FactorsItem 5 Other InformationItem 6 Exhibits INTERACTIVE STRENGTH INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(unaudited) INTERACTIVE STRENGTH INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(unaudited) (In thousands, except share and per share amounts) INTERACTIVE STRENGTH INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)(unaudited)(In thousands, except share amounts) INTERACTIVE STRENGTH INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(unaudited)(In thousands) INTERACTIVE STRENGTH INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Description of Business and Basis of Presentation Description and Organization Interactive Strength Inc. (the "Company") is an acquisition-focused company seeking to accelerate growth via acquisitions anddeploy capital into sectors that are considered undervalued due to temporary factors, operational or misunderstood industry trends.The Company's current portfolio consists of four leading brands serving the commercial and at-home markets with specialty fitnessequipment and virtual training: Wattbike, Ergatta, CLMBR and FORME. Wattbike, acquired on July 1, 2025, offers a range ofhigh-performance indoor bikes and has built a reputation as the training tool trusted by the world's top athletes, teams and militaryprograms. CLMBR manufactures vertical climbing equipment and provides a unique digital and on-demand training platform.FORME is a hardware manufacturer and digital fitness service provider that combines award-winning smart gyms with live 1:1personal training (from real humans) to deliver an immersive experience. The combination of technology with expert training leadsto better outcomes for both consumers and trainers alike. Wattbike, CLMBR and FORME offer unique fitness solutions for both thecommercial and at-home markets. Reverse Stock Split On February 23,