Shark Tank PRX Performance Update 2026

When Erik Hopperstad tried to set up a gym at home, he ran into a problem—traditional weightlifting racks took up too much space, making it hard to fit everything he needed. To solve this, he created PRX Performance, a rack that mounts to the wall and folds away when not in use, taking up just four inches of space. Now, people can lift weights at home without losing valuable room. Will the sharks get behind this space-saving solution? Let’s find out in our PRX Performance update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to PRX Performance after Shark Tank.

Erik and Brian entered Shark Tank Season 7, seeking $80,000 for 10% equity in their Fold-out weight-lifting system. After their pitch, they made a deal with Kevin O’Leary for $80,000 for 20% equity.

In terms of a PRX Performance update, the company reached $200 million in lifetime sales by 2023. However, despite its strong market presence, the company’s annual revenue plateaued at $9 million in 2024, indicating potential challenges in scaling further.

Shark	Result
Kevin O’Leary	Accepted offer of $80,000 for 20% equity
Daymond John	No offer
Lori Greiner	No offer
Robert Herjavec	No offer
Mark Cuban	No offer

Shark Tank PRX Performance Pitch

Entrepreneurs: Erik Hopperstad and Brian Brasch
Business: Fold-out weight-lifting system
Ask: $80,000 for 10% equity
Result: $80,000 for 20% equity
Shark: Kevin O’Leary

Erik and Brian entered Shark Tank wearing matching PRX Performance shirts, seeking an investment for their business.

They explained that their invention designs space-saving weight training equipment.

PRx Performance Profile PRO 73" Folding Squat Rack, Wall Mounted Home Gym System, 3x3 Uprights, 10 Color Powder Coat Options, Bench Press Stand with J-Hooks (Orange)

HOME GYM: Create a home gym in your garage, basement, or spare room. Without taking up all the space you can simply mount all your PRx Performance gym equipment onto your walls taking up almost no space besides the wall. All your workout equipment has a place to be stored and keeps the room clean.

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Their folding squat rack allows users to perform bench presses, squats, and pull-ups while saving valuable space.

Once a workout is complete, the system folds flat against the wall, making it ideal for basements, garages, and small commercial spaces.

Further, to demonstrate this, Brian pulled the rack out from storage and set it up in a workout position.

Robert Herjavec followed up by asking whether the top bar was adjustable. Brian confirmed that users could modify its placement.

Lori Greiner, shifting the discussion, wanted to know if the system included weights. Erik explained that they sell the rack separately but also offer complementary products.

Brian revealed that the high-end model retails for $1,099, while the consumer version is available for $550.

Curious about the production process, Robert asked who manufactures the system and who assembles it.

Erik explained that they handle manufacturing, but customers are responsible for assembly.

Lori, considering ease of use, asked how difficult installation is. Erik reassured her that it typically takes one to two hours.

Brian revealed to the sharks that they have a pending patent. Erik added that they were the first to launch this type of space-saving rack, but two large companies had since introduced similar products.

He believed these competitors were infringing on PRX’s patent claims.

So far, the PRX Performance rack had $178,000 in sales since the third quarter of the previous year with a 30% margin per unit.

Mark Cuban said this was great for them personally, but it was too early to be investable for him. He went out

Robert didn’t like the look of the assembly and thought it would scare people away from purchasing it. He went out, too.

Lori also thought it was too early, so she went out. Daymond John had similar concerns.

He said that people would either buy it and never use it, or just go to a gym instead. He went out.

That left Kevin O’Leary. His wife had run into the same problem while setting up a home gym, so he could relate. He offered $80,000 for 20% equity, with 20% on all sales until he’s paid back.

In addition, he also offered legal support to go after competitors violating their patents. Erik and Brian accepted the deal.

Now, let’s check in for a PRX Performance update.

Shark Tank PRX Performance Update

Our PRX Performance update confirmed that the deal with Kevin O’Leary successfully closed.

Following the episode’s airing, the company’s daily website visits jumped from 120 to over 3,000.

In August 2018, PRX Performance ranked 674th on the Inc. 5000 list, showing a three-year revenue growth of 742%.

In January 2022, they introduced Build Limitless, a power rack line designed for lifters to customize their setups over time.

Further, in October 2023, they had reached $200 million in lifetime sales. This milestone made them the 11th highest-earning company to appear on the show.

At the time of this writing, the company’s net worth was estimated at $9.1 million, with annual revenues still holding steady at $9 million.

We’re calling this PRX Performance update a success.

Don’t forget to check out our other company updates for the products featured in Season 7 Episode 19. You can find them here:

Before you go, be sure to check out our list of all the Shark Tank Season 7 products.

Andrew Smith

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.