Interactive Strength to acquire STEPR, lifts 2026 revenue guidance above $50 million
Interactive Strength signed a stock purchase agreement on July 7, 2026 to acquire STEPR, Inc., a connected stair-climbing company, with consideration of cash and new Series F preferred stock whose value can be scaled down based on STEPR's future EBITDA and synergy results. In a press release filed with the 8-K, the company raised its 2026 pro forma revenue guidance to more than $50 million and expects closing in the fourth quarter of 2026.
Key points
- Initial cash contribution of $1,500,000 to STEPR at closing, plus up to $1,200,000 to repay a shareholder loan and up to $2,500,000 in later working capital advances
- Equity consideration at closing of $6,000,000 (Series F-1), $10,500,000 (Series F-2) and $2,500,000 (Series F-3), subject to performance-based scaling factors
- Press release says STEPR is expected to generate more than $15 million in 2026 revenue and the company expects to reach Adjusted EBITDA profitability in Q4 2026
- Closing expected in the fourth quarter of 2026, subject to closing conditions; indemnification deductible of $189,000 for general breaches
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.