Interactive Strength Q2 revenue jumps on Ergatta consolidation
Interactive Strength Q2 revenue jumps on Ergatta consolidation
Overview
US connected fitness brand owner's Q2 revenue rose 445% yr/yr, driven by Ergatta consolidation
Adjusted EBITDA loss narrowed to $0.6 mln from $1.8 mln in Q1 2026
Company expects STEPR acquisition to close in Q4 2026, with strong M&A pipeline
Outlook
Company expects 2026 pro forma revenue of more than $50 mln
Company expects adjusted EBITDA profitability in Q4 2026
STEPR acquisition expected to close in Q4 2026; M&A pipeline described as strong
Result Drivers
ERGATTA CONSOLIDATION - First full quarter of Ergatta consolidation drove revenue and gross profit growth
OPERATING LEVERAGE - Gross margin expanded and Adjusted EBITDA loss narrowed as operating expenses held flat despite higher revenue
SALES SHIFT AND UK SOFTNESS - Commercial sales shifted to Q3 and UK DTC sales were affected by World Cup-related softness, contributing to revenue below guidance
Company press release: ID:nACSBCpqra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 REVENUE |
| $6.60 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Interactive Strength Inc is $295.75, about 7,330.9% above its August 13 closing price of $3.98
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)