The Roomba Max 705 Combo robotic. | Supply: iRobot
iRobot right this moment shared its Q3 2025 monetary outcomes. The Roomba maker introduced in $145.8 million in income, a 24.6% drop from the $193.4 million it introduced in in Q3 2024.
This continues a downward pattern for the corporate. Final quarter, the corporate’s income was down 23.3% yr over yr. iRobot has struggled financially lately as a consequence of decrease demand, elevated competitors, and a failed Amazon acquisition.
“Our third-quarter income fell effectively under our inner expectations as a consequence of persevering with market headwinds, ongoing manufacturing delays, and unexpected transport disruptions,” stated Gary Cohen, iRobot CEO. “This shortfall elevated money utilization and pressured profitability, as we have been unable to completely leverage our mounted value base.”
As of September 27, 2025, iRobot stated it had $24.8 million in money and money equivalents available, a $15.8 million drop from the $40.6 million it had on the finish of June.
Within the third quarter of 2025, income declined 33% within the U.S., declined 13% in EMEA, and declined 9% in Japan over the prior-year interval. Excluding the international forex affect, EMEA income declined 14% whereas Japan remained flat over the prior-year interval.
Income from mid-tier robots (with an MSRP between $300 and $499) and premium robots (with an MSRP of $500 or extra) represented 74% of complete robotic gross sales within the third quarter of 2025, versus 79% from the identical interval final yr.
And, much more dire, the corporate stated in a Kind 10-Q submitting with the SEC that it “has no sources upon which it could actually draw for added capital.” The report stated administration had “substantial doubt” in regards to the firm’s “skill to proceed.”
iRobot stated within the 10-Q submitting that if it could actually’t get hold of new capital within the close to time period, it “could also be compelled to considerably curtail or stop operations and would doubtless search chapter safety.”
How did iRobot get right here?
Bedford, Mass.-based iRobot started in 1990 with the imaginative and prescient of constructing sensible robots a actuality. It was a pioneer within the robotic vacuum house. Throughout its three a long time of operation, the corporate has bought greater than 50 million Roombas worldwide.
Being first, nonetheless, doesn’t all the time imply you’re going to remain profitable. As extra corporations have entered the market with their very own robotic vacuums, iRobot has struggled to maintain up or diversify its portfolio. The corporate shelved a robotic garden mower it had been engaged on for practically 20 years.
In 2022, Amazon signed a proposed acquisition settlement for iRobot, which might have the commerce big paying $1.7 billion for the corporate. That quantity was lowered to $1.42 billion after iRobot acquired new debt, and it laid off 10% of its employees, or about 140 workers.
In early 2024, the businesses terminated the settlement, citing “undue and disproportionate” regulatory scrutiny for the demise of the deal. Simply three months later, longtime CEO and co-founder Colin Angle stepped down from his place. Cohen took over the function from Angle.
Because the management change, iRobot has gone by means of a number of rounds of layoffs, with the final discount happening in November 2024.
