---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-299839"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2026-07-09T21:15:45+00:00"
generated_at: "2026-07-09T21:18:08.163178+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TRNR acquires STEPR for up to $22.7M; raises 2026 pro forma revenue guidance to >$50M

## Summary
- Base consideration $6.7M (cash, debt, equity) plus up to $16M in performance-based equity tied to EBITDA milestones.
- STEPR expected >$15M revenue in 2026; TRNR pro forma revenue >$50M.
- Deal expected to close Q4 2026; STEPR founders to continue leading.
- TRNR expects adjusted EBITDA profitability in Q4 2026 after closing.
- EV/EBITDA multiple expected <4.0x on 2027 EBITDA.

## SEC filing metadata
- accession: 0001193125-26-299839
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2026-07-09T21:15:45+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000119312526299839/0001193125-26-299839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000119312526299839/trnr-20260707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-299839
- JSON: https://secwatch.observer/filing/0001193125-26-299839.json
- Plain text: https://secwatch.observer/filing/0001193125-26-299839.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.