iRobot revenue continues to drop with ‘no sources’ of additional capital

The Roomba Max 705 Combination robotic.|Resource: iRobot

iRobot today shared its Q3 2025 economic outcomes. The Roomba manufacturer generated $145.8 million in earnings, a 24.6% decline from the $193.4 million it generated in Q3 2024.

This proceeds a down pattern for the firm. Last quarter, the firm’s earnings was down 23.3% year over year. iRobot has actually had a hard time economically in the last few years because of reduced need, boosted competitors, and a fallen short Amazon purchase.

” Our third-quarter earnings dropped well listed below our interior assumptions because of proceeding market headwinds, continuous manufacturing hold-ups, and unanticipated delivery interruptions,” claimed Gary Cohen, iRobot chief executive officer. “This shortage boosted money use and pressured earnings, as we were not able to totally utilize our taken care of expense base.”

Since September 27, 2025, iRobot claimed it had $24.8 million in money and money matchings handy, a $15.8 million decline from the $40.6 million it contended completion of June.

In the 3rd quarter of 2025, earnings decreased 33% in the united state, decreased 13% in EMEA, and decreased 9% in Japan over the prior-year duration. Omitting the international money influence, EMEA earnings decreased 14% while Japan stayed level over the prior-year duration.

Profits from mid-tier robotics (with an MSRP in between $300 and $499) and costs robotics (with an MSRP of $500 or even more) stood for 74% of complete robotic sales in the 3rd quarter of 2025, versus 79% from the very same duration in 2014.

And, much more alarming, the firm claimed in a Kind 10-Q declaring with the SEC that it “has no resources whereupon it can attract for extra resources.” The record claimed administration had “considerable uncertainty” concerning the firm’s “capacity to proceed.”

iRobot claimed in the 10-Q declaring that if it can not acquire brand-new resources in the close to term, it “might be compelled to substantially reduce or discontinue procedures and would likely look for insolvency defense.”

Exactly how did iRobot obtain right here?

Bedford, Mass.-based iRobot started in 1990 with the vision of making useful robotics a fact. It was a leader in the robotic vacuum cleaner room. Throughout its 3 years of procedure, the firm has actually offered greater than 50 million Roombas worldwide.

Being initially, nevertheless, does not constantly imply you’re mosting likely to remain effective. As even more business have actually gone into the marketplace with their very own robotic vacuum cleaners, iRobot has actually had a hard time to maintain or expand its profile. The firm shelved a robotic mower it had actually been servicing for almost 20 years.

In 2022, Amazon authorized a suggested purchase arrangement for iRobot, which would certainly have the business huge paying $1.7 billion for the firm. That quantity was reduced to $1.42 billion after iRobot got brand-new financial debt, and it let go 10% of its personnel, or concerning 140 workers.

In very early 2024, the business ended the arrangement, mentioning” excessive and out of proportion” regulative examination for the death of the bargain. Simply 3 months later on, long time chief executive officer and founder Colin Angle tipped down from his setting. Cohen took control of the duty from Angle.

Considering that the management modification, iRobot has actually undergone numerous rounds of discharges, with the last decrease occurring in November 2024.

The article iRobot earnings remains to go down with ‘no resources’ of extra resources showed up initially on The Robotic Record.