Interactive Strength Inc. (Nasdaq: TRNR), the parent company of Wattbike, FORME, and CLMBR, has finalized a deal to acquire Ergatta, Inc. This move is set to increase TRNR’s 2026 revenue guidance by 50%, pushing it past $30 million.

The agreement follows a letter of intent signed on January 9, 2026. Since then, both companies have worked quickly to finalize the terms. The deal is expected to close in Q1 2026, marking a major step forward for TRNR’s growth strategy.

Ergatta: Redefining Connected Fitness

Ergatta, based in Brooklyn, has transformed fitness with its game-based content platform. The company’s subscription model is not only profitable but also highly engaging. With a monthly net retention rate of over 98%, Ergatta leads the industry in customer loyalty. By 2026, the company expects to generate over $10 million in revenue, with 70% coming from recurring subscriptions. This provides TRNR with a steady and predictable revenue stream.

Ergatta’s asset-light business model is another advantage. It avoids heavy inventory investments while delivering strong cash flow. This efficiency makes the acquisition even more appealing.

TRNR structured the deal to ensure value. If Ergatta hits its performance targets, the maximum enterprise value will reach $19.5 million. With a projected 2026 EBITDA of $4.0 million, TRNR estimates an EBITDA multiple of less than 5.0x, even before factoring in synergies. Half of the valuation depends on Ergatta’s 2026 EBITDA, while an additional 5% ties to 2027 performance. This approach minimizes risk while maximizing potential upside.

Unlocking Synergies and Growth

TRNR CEO Trent Ward is excited about the acquisition. “Ergatta’s founders have built a unique, cash-generating business that will immediately add value to TRNR,” he said. “Their gaming experience, already licensed by iFIT, is the best in the industry. We plan to integrate it into Wattbike and CLMBR, enhancing our product lineup.”

Ward also highlighted Ergatta’s expertise in customer acquisition. He expects their team to drive revenue growth across TRNR’s brands in the U.S. market. “We focus on performance-linked valuations to protect against downside risk while unlocking additional value through synergies,” Ward added.

Ergatta’s Co-Founder and CEO, Tom Aulet, shared his enthusiasm. “We’ve built the most engaging fitness content platform in the world—and we’ve done it profitably,” he said. “Joining TRNR allows us to scale Ergatta and bring our gaming experience to other hardware brands. This is the right next step for our business.”

Key Transaction Details

TRNR will acquire 100% of Ergatta through a mix of cash, debt, stock, and future performance-based payments. The base transaction value is $8.8 million, which includes $1.8 million in cash, $1.8 million in debt, and $5.3 million in equity locked until May 2027.

If Ergatta achieves $4.0 million in 2026 EBITDA, an additional $9.8 million will be paid in May 2027. This includes $3.5 million in cash and $6.3 million in equity. An extra $1.0 million in equity could be earned if Ergatta hits $4.8 million in 2027 EBITDA.

TRNR expects Ergatta to generate more cash flow in 2026 than the initial cash payment. The upfront cash will come from TRNR’s existing financing facilities.

What’s Next?

Ergatta’s founders and key team members will stay on board, continuing to lead the business after the acquisition. TRNR plans to share more details once the deal closes.

This acquisition strengthens TRNR’s position in the connected fitness market. It also highlights the company’s commitment to innovation and growth. For more information, visit TRNR’s investor website or check its filings with the U.S. Securities and Exchange Commission (SEC).

About Ergatta

Ergatta leads the game-based connected fitness space. Its platform offers personalized, interactive workout experiences designed to build lasting fitness habits. The company’s premium rowing machines feature embedded gaming content, making workouts engaging and fun. With a 98.3% monthly retention rate, Ergatta sets the standard for customer loyalty in the fitness industry. Learn more at www.ergatta.com.

About Interactive Strength Inc.

Interactive Strength Inc. (Nasdaq: TRNR) owns a portfolio of premium fitness brands, including Wattbike, CLMBR, and FORME. These brands combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both home and commercial use.

• Wattbike: High-performance indoor bikes trusted by elite athletes and fitness enthusiasts worldwide.
• CLMBR: A next-generation vertical climber offering high-intensity, low-impact workouts with an open-frame design and immersive touchscreen.
• FORME: Smart fitness mirrors and systems for strength, mobility, and recovery training, featuring live coaching and guided programming.

From elite performance to everyday wellness, TRNR’s ecosystem delivers data-driven results for athletes, fitness enthusiasts, and commercial operators. Learn more at www.interactivestrength.com.