Interactive Strength acquires Wattbike for $4M; pro forma shows combined net loss of $11.9M for H1 2025

Interactive Strength, Inc.

Purchase price $4.0M: 1.3M Series E Preferred ($2.6M fair value), bridge $0.8M, contingent $0.2M, de minimis cash.
Pro forma combined H1 2025: revenue $11.8M, net loss $11.9M; FY 2024 pro forma: revenue $21.3M, net loss $41.9M.
Wattbike standalone H1 2025: revenue $9.2M, net loss $2.5M; Interactive standalone H1 2025: revenue $2.6M, net loss $8.8M.
Acquisition closed July 1, 2025; Wattbike historical and pro forma financials filed in this 8-K/A.

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