Agility Robotics began trading on Nasdaq on November 5, 2026, through a SPAC merger, raising $465 million in new capital as the first publicly traded company dedicated solely to humanoid robots.
Agility Robotics began trading on the Nasdaq stock exchange on November 5, 2026, becoming the first dedicated developer of humanoid robots to become a publicly traded company in the United States. The company, headquartered in Salem, Oregon, went public through a merger with a special purpose acquisition company and raised $465 million in new capital from retail investors and a tranche of private funding.
Agility plans to build a business around renting out or selling humanoid robots to perform manual labor. Under its robots-as-a-service subscription model, customers pay a one-time cost of about $25,000 per robot for delivery and deployment, along with a recurring monthly fee of $8,500 for software and maintenance. Customers can also purchase the robot’s hardware outright for a one-time payment of $200,000, plus a one-time cost of $20,000 for delivery and deployment, and an annual subscription fee of $36,000 for software and maintenance, or about $3,000 per month.
The company’s chief financial officer, Michael Beer, described the subscription model as allowing customers to replace $200,000 in annual labor costs with $100,000 in annual robot costs. Buying a Digit robot outright could replace $1.1 million in labor costs with about $400,000 in robot costs over five years.
Customers would get access to the latest Agility robot, known as Digit 5, starting in 2027. The bipedal robot has swappable end-effector “hands,” can lift up to 50-pound loads, and can perform more than 20 hours of work in a 24-hour period with the help of a fast-charging battery system. The battery technology, provided by the UK-based company Nyobolt, requires just nine minutes to deliver 90 minutes of robot runtime.
Agility has deployed Digit robots with multiple customers, including the warehouses of logistics company GXO, the South Carolina factory of German automotive manufacturer Schaeffler, and the automotive production lines of Toyota Motor Manufacturing Canada. TechCrunch also lists Mercado Libre as a customer. GXO, as Agility’s very first customer, announced it would expand deployments of Digit robots beyond a warehouse in Georgia to additional facilities in North Carolina and Tennessee.
Agility’s financial disclosures state that “Agility has incurred net losses since inception and expects to continue to incur operating and net losses for the foreseeable future.” In 2025, the company earned just $1.8 million in revenue against $140 million in operating loss. In the first six months of 2026, the company earned $174,000 in revenue, mostly from related parties, and lost $362 million.
The company anticipates it could earn about $500,000 per robot on an annual basis through the subscription model, and about $400,000 per robot each year if a customer purchases the Digit robots outright while paying ongoing software and maintenance fees. The subscription revenue calculations were based on an unidentified customer’s $300 million order covering 1,000 Digit 5 robots over a three-year subscription contract, though the contract requires Agility to deliver on certain “contractual milestones, product features and specifications.”
Agility’s S-4 filing cautioned that “competition in the humanoid and robotics market is intensifying rapidly, with well-funded entrants including Boston Dynamics, Tesla, Apptronik, Figure AI, 1X Technologies, Sanctuary AI, Hexagon, and NEURA Robotics, among others, actively developing competing humanoid systems.”
Agility’s public listing gives investors and the public a rare look at the business prospects and unit economics of humanoid robots, a market that remains unproven at scale. The company’s financial disclosures show it is still in the early stages of building a sustainable business, with significant losses and a path to profitability that depends on the successful deployment of its Digit 5 robot.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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