Interactive Strength Completes Acquisition of Ergatta For Base Transaction Value Of $8.8M; Co Confirms Its Increased 2026 Pro Forma Revenue Guidance Of More Than $30M

Ergatta's 2026 Revenue Expected to Exceed $10 Million with Approximately 30% EBITDA Margin

TRNR received $6.4 Million on March 4th from Sportstech and paid $1.8 Million to Ergatta shareholders to Close Acquisition

Ergatta is Expected to Generate Cashflow for TRNR in 2026 in Excess of Closing Cash Consideration

AUSTIN, TX AND BROOKLYN, NY / ACCESS Newswire / March 11, 2026 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), owner of the Wattbike, FORME, and CLMBR connected fitness brands, today announced it has completed its previously announced acquisition of Ergatta, Inc., the pioneer in game-based connected fitness - significantly strengthening its portfolio of brands and accelerating its growth. The deal represents a major step towards TRNR's near-term objective of profitability through increased scale.

Ergatta is a Brooklyn-based connected fitness company that pioneered game-based fitness content, building a stable, cash-generating subscription business with industry leading monthly net retention of more than 98%. Ergatta is expected to generate revenue of more than $10 million in 2026, with approximately 70% from recurring subscriptions providing high revenue visibility, and approximately a 30% EBITDA margin. Additionally, Ergatta operates an asset-light business model that generates strong operational cashflow without requiring investment in inventory.

With the acquisition now completed, TRNR confirms its increased 2026 pro forma revenue guidance of more than $30 million. As shown in the Company's latest investor presentation, the acquisition of Ergatta is expected to be a key 2026 catalyst and a driver of overall profitability in the near-term, alongside continued Wattbike performance. In addition to the expected cashflow from Ergatta, TRNR operations will be financed by the $6.4 million of received from Sportstech last week.

Transaction Structure

TRNR has acquired 100% of Ergatta through a combination of cash, debt, stock and future contingent consideration. The base transaction value of $8.8 million is comprised of $1.8 million cash consideration at close, $1.8 million in debt and $5.3 million in equity that is locked up until May 2027. TRNR expects to receive more cashflow from Ergatta in 2026 than the initial cash consideration paid. The initial cash consideration at closing was funded through TRNR's cash on hand prior to the transaction. Ergatta's founders and key management team members have agreed to employment arrangements and are expected to continue leading the business post-acquisition.

Assuming full achievement of the earn-outs, the maximum Ergatta enterprise value would be $19.5 million and, given the upper 2026 EBITDA earn-out threshold of approximately $4.0 million, TRNR expects the multiple of EBITDA to be less than 5.0x, before any TRNR group synergies.