Financial Statements — TRNR
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 |
|---|
| Cash & Equivalents | 0.96 | 4.74 | 0.85 | 0.58 | 2.21 | 2.27 | 0.16 | 0.00 | 0.03 | 1.40 | 1.05 |
| Accounts Receivable | 3.20 | 2.51 | 2.38 | 1.76 | 1.76 | 0.52 | 0.26 | 0.18 | 0.01 | 0.01 | 0.01 |
| Inventory | 8.21 | 8.07 | 8.21 | 5.58 | 6.06 | 7.97 | 8.76 | 8.97 | 4.56 | 4.78 | 4.59 |
| Total Current Assets | 10.21 | 14.05 | 17.37 | 14.96 | 11.44 | 10.24 | 8.27 | 8.88 | 5.72 | 8.55 | 7.71 |
| Property, Plant & Equipment | 0.63 | 0.44 | 0.33 | 0.07 | 0.08 | 0.16 | 0.24 | 0.39 | 0.58 | 0.81 | 1.05 |
| Goodwill | 20.64 | 20.64 | 15.14 | 13.22 | 13.22 | 13.52 | 13.55 | 13.23 | -- | -- | -- |
| Intangible Assets | 15.95 | 17.10 | 8.12 | 5.28 | 5.65 | 7.18 | 7.75 | 8.49 | 2.87 | 3.21 | 3.35 |
| Total Non-current Assets* | 46.31 | 46.60 | 68.07 | 71.28 | 26.37 | 27.51 | 29.50 | 30.69 | 12.55 | 13.17 | 18.05 |
| Total Assets | 56.52 | 60.64 | 85.44 | 86.24 | 37.82 | 37.75 | 37.77 | 39.56 | 18.27 | 21.72 | 25.76 |
| Accounts Payable | 8.19 | 9.36 | 8.94 | 4.67 | 7.70 | 12.88 | 13.60 | 13.25 | 8.92 | 8.33 | 8.31 |
| Short-term Debt | -- | -- | 12.42 | 9.98 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 49.14 | 36.48 | 30.81 | 22.21 | 21.26 | 26.55 | 35.60 | 38.53 | 18.30 | 16.43 | 24.13 |
| Long-term Debt | -- | -- | 46.43 | 55.13 | 10.90 | 14.08 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 4.03 | 16.19 | 37.17 | 47.76 | 2.80 | 5.41 | 1.75 | 1.29 | 0.24 | 0.27 | 0.59 |
| Total Liabilities | 53.17 | 52.67 | 67.98 | 69.97 | 24.06 | 31.96 | 37.35 | 39.82 | 18.55 | 16.70 | 24.72 |
| Retained Earnings | (245.39) | (238.28) | (217.19) | (211.96) | (209.39) | (196.62) | (188.94) | (178.30) | (155.51) | (145.10) | (131.50) |
| Total Stockholder Equity | 3.34 | 5.67 | 14.86 | 16.27 | 13.76 | 5.79 | 0.41 | (2.94) | (0.27) | 5.01 | 1.04 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 |
|---|
| Total Revenue | 6.65 | 5.14 | 4.14 | 4.82 | 1.22 | 1.36 | 2.38 | 2.01 | 0.62 | 0.36 | 0.18 | 0.31 | 0.32 | 0.16 |
| Cost of Revenue | 3.43 | 3.53 | 3.55 | 3.99 | 1.41 | 1.66 | 2.79 | 2.30 | 1.50 | 1.56 | 1.80 | 1.43 | 1.45 | 1.81 |
| Gross Profit | 3.22 | 1.61 | 0.59 | 0.83 | (0.19) | (0.30) | (0.41) | (0.29) | (0.88) | (1.20) | (1.62) | (1.12) | (1.14) | (1.65) |
| Research & Development | 0.42 | 0.44 | 0.46 | 0.40 | 0.78 | 1.27 | 0.28 | 2.21 | 2.47 | 2.02 | 2.25 | 2.36 | 2.33 | 3.11 |
| Selling, General & Admin | 3.99 | 4.13 | 0.46 | 5.99 | 4.64 | 4.49 | 2.90 | 5.06 | 4.42 | 5.96 | 7.23 | 6.31 | 7.88 | 15.85 |
| Total Operating Expenses | 6.59 | 5.60 | 2.28 | 6.86 | 5.63 | 6.01 | 3.70 | 7.47 | 7.00 | 8.24 | 9.64 | 8.95 | 10.80 | 19.56 |
| Operating Income | (3.37) | (3.99) | (1.69) | (6.03) | (5.82) | (6.31) | (4.11) | (7.75) | (7.88) | (9.44) | (11.26) | (10.07) | (11.94) | (21.21) |
| Pretax Income | -- | (10.74) | (9.95) | (5.23) | (2.18) | (6.60) | (5.76) | (7.14) | (10.64) | (11.39) | (11.40) | (10.41) | (13.60) | (15.96) |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (7.10) | (10.74) | (9.95) | (5.23) | (2.18) | (6.60) | (5.76) | (7.14) | (10.64) | (11.39) | (11.40) | (10.41) | (29.56) | (15.96) |
| Basic EPS | (17.37) | (71.68) | (1,153.53) | (21.77) | (14.91) | (12.18) | (1,005.20) | (10.71) | (122.36) | (4.69) | (2.17) | (5.11) | (7.14) | (14.63) |
| Diluted EPS | (17.37) | (71.68) | (1,153.53) | (21.77) | (14.91) | (12.18) | (1,005.20) | (10.71) | (122.36) | (4.69) | (2.17) | (5.11) | (7.14) | (14.63) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 |
|---|
| Operating Cash Flow | (3.05) | (2.59) | (2.25) | (2.42) | (2.20) | (3.54) | (5.90) | (3.75) | (2.20) | (2.96) | (1.87) | (2.36) | (6.46) | (4.74) |
| Capital Expenditures | 0.24 | 0.10 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | (3.29) | (2.68) | -- | -- | -- | -- | -- | -- | -- | -- | (1.87) | (2.36) | (6.46) | (4.74) |
| Investing Cash Flow | (0.74) | 4.15 | (0.25) | (2.52) | (48.78) | (2.19) | (0.27) | 0.00 | 0.30 | (1.71) | (0.28) | (0.28) | (0.45) | (0.42) |
| Financing Cash Flow | (0.01) | 2.71 | 2.37 | 2.94 | 51.53 | 7.77 | 3.39 | 6.27 | 2.06 | 4.62 | 2.45 | 0.97 | 7.51 | 6.18 |
* Derived from reported values
