Interactive Strength (TRNR) said Tuesday it has agreed to acquire connected stair-climbing equipment maker STEPR.

Interactive Strength said it will pay a base transaction value of $6.7 million, comprising $2.2 million in cash and debt refinancing, $1.5 million in working capital debt, and $3 million in equity. The agreement includes up to $16 million in additional equity incentives based on STEPR meeting specific earnings targets through mid-2028, the company said.

The company said it expects the acquisition to lift its 2026 pro forma revenue guidance to more than $50 million and help the combined business achieve adjusted EBITDA profitability in Q4 of 2026.

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