Business Context and Reporting Period
This Form 8-K Current Report is filed by Interactive Strength, Inc. (Nasdaq: TRNR), a Delaware corporation, with a report date of June 26, 2026. The filing primarily addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. However, it references the following financial context:
- Going Concern: Audit reports for fiscal years ended December 31, 2025, and 2024 included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
- Internal Controls: The Company has identified material weaknesses in internal control over financial reporting that remained unremediated as of December 31, 2025.
Material Changes
The primary material change reported is the dismissal of Deloitte & Touche LLP as the independent registered public accounting firm, effective June 26, 2026. Concurrently, the Audit Committee approved the engagement of Cherry Bekaert LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
Key details regarding the change include:
- No Disagreements: There were no disagreements with Deloitte on accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period through June 26, 2026.
- Reportable Events: The only reportable events were the previously disclosed material weaknesses in internal controls related to a lack of appropriate policies, resources, and segregation of duties.
- Successor Engagement: No consultations were held with Cherry Bekaert regarding accounting principles or audit opinions prior to their engagement.
Outlook, Risks, and Management Commentary
Risks and Contingencies:
- Going Concern Risk: The filing reiterates the substantial doubt regarding the Company's ability to continue as a going concern, as noted in prior audit reports.
- Internal Control Weaknesses: Persistent deficiencies exist in the control environment, risk assessment, and monitoring activities. These weaknesses were unremediated as of the end of the 2025 fiscal year.
Management Commentary: The Audit Committee has discussed the reportable events with Deloitte and authorized Deloitte to respond to inquiries from the successor firm. Deloitte has provided a letter agreeing with the Company's statements, filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the status of the material weaknesses in internal controls and any remediation plans implemented since December 31, 2025.
- Review the going concern disclosure in the most recent 10-K to understand the specific liquidity risks facing the company.
- Examine Exhibit 16.1 (Letter from Deloitte) for any additional context regarding the dismissal.
- Monitor future filings for the first audit opinion issued by Cherry Bekaert LLP for the fiscal year ending December 31, 2026.