🔴 Critical Risk

TRNR: Interactive Strength Inc.
Dilution Risk Score 99/100

Interactive Strength Inc. (TRNR) carries a Critical dilution risk score of 99 out of 100 based on DilutionWatch's real-time analysis of SEC EDGAR filings. Contributing factors include cash runway of only ~18 days, warrants exceeding 151% of shares outstanding, convertible securities representing 1348% of current share count.

Why TRNR Has a Critical Dilution Risk Score

DilutionWatch scores every ticker on a 0–100 scale by analyzing five components: cash runway, warrant overhang, convertible securities, active shelf/ATM capacity, and historical filing patterns. A score of 99 means TRNR is in the highest-risk category across multiple dimensions simultaneously.

• Cash runway: Estimated at ~18 days — extremely limited, suggesting a capital raise is likely imminent
• Warrant overhang: Outstanding warrants represent 151% of current shares outstanding — significant potential dilution if exercised at or near current prices
• Convertible securities: Convertible notes/instruments represent 1348% of current shares — creating extreme dilution risk if converted
• Filing pattern: 10 dilutive filings in the past 12 months (last: 2026-03-06), indicating a frequent, serial diluter
• Active ATM program: $6.1M remaining capacity — shares may be sold into the market daily

Recent SEC Filing History for TRNR

The following dilutive filings have been detected for TRNR in the past 12 months via DilutionWatch's real-time EDGAR monitoring:

How to Monitor TRNR for Dilution Alerts

DilutionWatch polls SEC EDGAR every 60 seconds. When Interactive Strength Inc. files an S-3, 424B, 8-K financing disclosure, or any of 25 tracked filing types, you receive an alert before the stock reprices. This is the same monitoring capability that institutional traders use — available to retail investors through DilutionWatch's free tier.