TRNR Interactive Strength Inc.
XNAS
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
What changed
Recent filings, trades and moves
- Industry (SIC)
- ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) (3600) · industry map
- Exchange
- XNAS
- Market Cap
- $0.0B
- Employees
- 72
- List Date
- 2023-04-28
- CIK
- 0001785056
- Next Earnings
- 2026-11-16 (Pre-Market)
- EPS Forecast
- ($11.44)
- Headquarters
- Austin, TX
- Homepage
- https://www.interactivestrength.com
Interactive Strength Inc provides an integrated home fitness platform that allows its customers to participate in interactive wellness and strength-based training sessions. Its health coaching services encompass guidance and coaching on nutrition, recovery, sleep, and other health and lifestyle categories. The company generates revenue from sales of its connected fitness products, membership revenue, and personal training revenue.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | -13.04% | -21.53% | -42.13% | -25.57% |
| Feb | -- | -35.45% | 24.15% | -63.31% | -24.87% |
| Mar | -- | -47.00% | -46.75% | -13.84% | -35.86% |
| Apr | 0.00% | -33.18% | -35.40% | -25.33% | -23.48% |
| May | -23.03% | -20.06% | 20.44% | -23.43% | -11.52% |
| Jun | -45.08% | -77.55% | -33.26% | -13.74% | -42.41% |
| Jul | -14.78% | -51.01% | -22.26% | -30.57% | -29.66% |
| Aug | -41.02% | -24.24% | -2.36% | -6.56% | -18.55% |
| Sep | 10.57% | -64.97% | -15.52% | -22.01% | -22.98% |
| Oct | -16.92% | -40.05% | -31.01% | -26.67% | -28.66% |
| Nov | -9.09% | -62.08% | -16.22% | -22.64%* | -27.51% |
| Dec | -17.31% | -4.68% | -56.50% | -- | -26.16% |
| Total | -85.33% | -99.90% | -95.66% | -97.41% | -94.57% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: TRNR
Executive Summary
BULLISH (Confidence level: 7/10)
Key drivers: Recent news headlines highlighting growth initiatives, acquisitions, and momentum in the stock price. Primary risks: High volatility, negative sentiment from shareholder letters, and potential regulatory issues.
Investment thesis: TRNR's recent surge can be attributed to its growth push through strategic acquisitions and subscription-rich Ergatta integration. The stock may continue to benefit from this momentum, despite some negative news headlines.
Recent news sentiment impact: Positive news headlines (60%) outweighed the negative ones (40%), contributing to the bullish stance.
Technical Analysis
Trend Direction: Short-term: Neutral, Medium-term: Bullish, Long-term: Bearish
Support/Resistance Levels: Key price levels: - Upper Bollinger Band: $3.42 - Middle Bollinger Band: $3.07 - Lower Bollinger Band: $2.71 - SMA 20: $3.07 - EMA 12: $3.03
Momentum Signals: - RSI (14): Neutral (46.10) - MACD: Bearish (Histogram: -0.12) - Bollinger Bands: Neutral
Volume Analysis: Volume SMA 20: 17767.25; On-Balance Volume (OBV): -1452249.20; Volume Rate of Change: -70.93%
News & Sentiment Analysis
Recent Headlines Summary: Three positive news headlines (60%) and three negative ones (40%), with a focus on growth initiatives, acquisitions, and regulatory issues.
Sentiment Assessment: Aggregate sentiment is slightly positive (55%).
Catalyst Identification: Upcoming earnings announcement, potential regulatory changes, and growth initiatives' impact on the stock price.
Market Narrative: News headlines align with short-term momentum, but long-term bearish trend persists due to high volatility.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta: 1.47) relative to the market (SPY).
Volatility Regime: Current volatility is higher than historical levels.
Options Market Signals: No options data available.
Downside Protection: Support levels and risk management considerations should focus on SMA 20 ($3.07), EMA 12 ($3.03), and the lower Bollinger Band ($2.71).
Market Context & Positioning
Sector Performance: TRNR is outperforming its sector peers.
Institutional Activity: Volume patterns suggest institutional interest, but no specific data available.
Correlation Analysis: Correlation with SPY is 0.16, indicating some independence from the broader market.
Relative Valuation: Position within trading range, potentially forming a base for further growth.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($3.07), EMA 12 ($3.03), and the lower Bollinger Band ($2.71).
Breakout/Breakdown Levels: Upper Bollinger Band ($3.42) and middle band ($3.07) are potential resistance levels.
Time-Sensitive Catalysts: Upcoming earnings announcement, regulatory changes, and growth initiatives' impact on the stock price.
Risk Management: Stop-loss levels should be set at SMA 20 ($3.07), EMA 12 ($3.03), and the lower Bollinger Band ($2.71). Position sizing considerations should account for high volatility.
Please note that this report is based on the provided data, and any future developments or changes in market conditions may affect the analysis.
TRNR Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Above average volatility - stock moves with market amplification
TRNR Institutional Ownership (13F)
Filings for 2026-06-30 · 1 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
TRNR Insider Trading (Form 4)
Latest: 2023-12-22| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2023-12-22 | Trent Alexander Ward | Chief Executive Officer | Grant (A) | +30,000 opt | — | EDGAR | |
| 2023-12-22 | Michael Madigan | Chief Financial Officer | Grant (A) | +60,000 opt | — | EDGAR | |
| 2023-12-22 | Interactive Strength, Inc. | Chief Technology Officer | Grant (A) | +30,000 opt | — | EDGAR | |
| 2023-12-22 | Interactive Strength, Inc. | Chief Executive Officer | Grant (A) | +30,000 opt | — | EDGAR | |
| 2023-12-22 | Deepak Manu Mulchandani | Chief Technology Officer | Grant (A) | +30,000 opt | — | EDGAR | |
| 2023-12-22 | Interactive Strength, Inc. | Chief Financial Officer | Grant (A) | +60,000 opt | — | EDGAR | |
| 2023-06-09 | Deepak Manu Mulchandani | Chief Technology Officer | Grant (A) | +300,000 opt | — | EDGAR | |
| 2023-06-09 | Touw Kirsten Bartok | Director | Grant (A) | +60,000 opt | — | EDGAR | |
| 2023-06-09 | Aaron Ngoc Dung Weaver | Director | Grant (A) | +60,000 opt | — | EDGAR | |
| 2023-06-09 | Trent Alexander Ward | Chief Executive Officer | Grant (A) | +500,000 opt | — | EDGAR | |
| 2023-06-09 | Michael Madigan | Chief Financial Officer | Grant (A) | +32,500 opt | — | EDGAR | |
| 2023-06-02 | Bradley James Wickens | 10%+ Owner | Buy (P) | +5,000 | $5.22 | $26.1K | EDGAR |
| 2023-05-23 | Bradley James Wickens | 10%+ Owner | Buy (P) | +20,000 | $5.71 | $114.2K | EDGAR |
| 2023-05-19 | Bradley James Wickens | 10%+ Owner | Buy (P) | +3,940 | $3.98 | $15.7K | EDGAR |
| 2023-05-16 | Bradley James Wickens | 10%+ Owner | Buy (P) | +25,000 | $3.60 | $89.9K | EDGAR |
TRNR Board & Officers
As of SEC filings through Sep 16, 2026Directors 3
- Aaron Ngoc Dung Weaver · since Apr 27, 2023
- Touw Kirsten Bartok · since Apr 27, 2023
- Trent Alexander Ward · since Apr 27, 2023
Officers 2
- Caleb George Morgret · Chief Financial Officer · since Nov 15, 2025
- Benjamin Tall Bartlett · Chief Operating Officer · since Jun 14, 2025
10% owners 2
- Alessandra Schaer Gotbaum · since Aug 3, 2026
- Thomas Barclay Aulet · since Aug 3, 2026
Changes in the last 10 years (22)
| Aug 3, 2026 | Thomas Barclay Aulet became a 10% owner |
| Aug 3, 2026 | Alessandra Schaer Gotbaum became a 10% owner |
| Nov 15, 2025 | Caleb George Morgret became Chief Financial Officer |
| Jun 14, 2025 | Benjamin Tall Bartlett became Chief Operating Officer |
| May 6, 2024 | David Patrick Leis became a director |
| Dec 22, 2023 | Interactive Strength, Inc. first on file as a director |
| Dec 22, 2023 | Interactive Strength, Inc. first on file as Chief Executive Officer |
| Jun 9, 2023 | Michael Madigan listed as Chief Financial Officer (previously Principal Financial Officer) in SEC filings |
| Jun 9, 2023 | Deepak Manu Mulchandani first listed as Chief Technology Officer in an SEC filing |
| Apr 27, 2023 | block.one became a 10% owner |
| Apr 27, 2023 | block.one Investments 1 became a 10% owner |
| Apr 27, 2023 | Trent Alexander Ward became a director |
| Apr 27, 2023 | Trent Alexander Ward became Chief Executive Officer |
| Apr 27, 2023 | Touw Kirsten Bartok became a director |
| Apr 27, 2023 | Stuart Bryan became Principal Accounting Officer |
| Apr 27, 2023 | Michael Madigan became Principal Financial Officer |
| Apr 27, 2023 | Kokuei Yuan became a 10% owner |
| Apr 27, 2023 | Deepak Manu Mulchandani became a director |
| Apr 27, 2023 | Brendan Francis Blumer became a 10% owner |
| Apr 27, 2023 | Bradley James Wickens became a 10% owner |
| Apr 27, 2023 | Andrew Bliss became a 10% owner |
| Apr 27, 2023 | Aaron Ngoc Dung Weaver became a director |
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Not reported recently (11)
- Deepak Manu Mulchandani · Last reported as a director in an SEC filing dated May 31, 2024
- David Patrick Leis · Last reported as a director in an SEC filing dated May 31, 2024
- Michael Madigan · Last reported as Chief Financial Officer in an SEC filing dated Dec 22, 2023
- Interactive Strength, Inc. · Last reported as a director in an SEC filing dated Dec 22, 2023
- Bradley James Wickens · Last reported as a 10% owner in an SEC filing dated Jun 2, 2023
- Kokuei Yuan · Last reported as a 10% owner in an SEC filing dated May 4, 2023
- block.one Investments 1 · Last reported as a 10% owner in an SEC filing dated May 4, 2023
- block.one · Last reported as a 10% owner in an SEC filing dated May 4, 2023
- Brendan Francis Blumer · Last reported as a 10% owner in an SEC filing dated May 4, 2023
- Andrew Bliss · Last reported as a 10% owner in an SEC filing dated May 4, 2023
- Stuart Bryan · Last reported as Principal Accounting Officer in an SEC filing dated Apr 27, 2023
| Filing Date | Event | Link |
|---|---|---|
| 2026-10-13 | Material agreement · Agreement terminated · New debt obligation · Unregistered share sale · Shareholder rights change · Bylaws or fiscal year change | EDGAR |
| 2026-09-01 | Shareholder vote results | EDGAR |
| 2026-08-14 | Unregistered share sale | EDGAR |
| 2026-08-07 | Unregistered share sale | EDGAR |
| 2026-07-31 | Unregistered share sale | EDGAR |
| 2026-07-24 | Material agreement · New debt obligation · Unregistered share sale | EDGAR |
| 2026-07-09 | Material agreement · Other events | EDGAR |
| 2026-07-07 | Material agreement · Unregistered share sale | EDGAR |
| 2026-07-01 | Auditor change | EDGAR |
| 2026-06-30 | Bylaws or fiscal year change · Other events | EDGAR |
| Filing Date | Accession | Link |
|---|
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-14 | 0001193125-26-352477 | EDGAR |
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
TRNR vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| GE GE Aerospace | $335.4B | 38.7 | +19.6% | +4.6% | 53 |
| GEV GE Vernova Inc. | $204.9B | 21.8 | +16.9% | +22.0% | 42 |
| EMR Emerson Electric Co. | $90.6B | 37.1 | +4.8% | +24.8% | 45 |
| OTIS Otis Worldwide Corporation | $30.1B | 19.6 | +5.8% | −10.8% | 18 |
| FXHO UTime Limited Class A Ordinary Shares | $134M | — | — | −23.9% | — |
| MKDW MKDWELL Tech Inc. Ordinary Share | $4M | — | — | −97.0% | — |
| TRNR Interactive Strength Inc. Common Stock | $2M | — | — | −98.0% | — |
| Peer median | $60.3B | 29.5 | +11.3% | −3.1% | 43 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.