Agility Robotics goes public as filings expose the cost of its humanoid robot business

Agility Robotics became publicly traded on Nasdaq on November 5, 2026, following a merger with a special purpose acquisition company. The debut puts a humanoid robot business before public investors with unusually concrete numbers: customer pricing, projected manufacturing costs, and $1.8 million in 2025 revenue against a $140 million operating loss.

The transaction disclosures describe a company still building its commercial footing. Agility says it has lost money since inception and expects operating and net losses to continue for the foreseeable future. Its filings also acknowledge that humanoid robots remain unproven at scale, unlike industrial robots with decades of warehouse and factory use.

This is not a business starting without customers. Agility’s Digit robots have been deployed at logistics company GXO, automotive supplier Schaeffler and Toyota Motor Manufacturing Canada. Those deployments give investors operating examples to examine alongside the projections, rather than only a proposed market for machines.

Two ways to pay for a robot worker

Agility’s September 4 S-4 registration statement laid out illustrative economics for renting robots through a subscription or buying the hardware outright, according to Ars Technica. Both routes include continuing software and maintenance payments. The filing says customers would get access to the latest model, Digit 5, starting in 2027.

The sales pitch is a comparison with labor spending. At an October 6 investor presentation, chief financial officer Michael Beer said a subscription could replace $200,000 in annual labor costs with $100,000 in annual robot costs. For ownership, he compared $1.1 million in labor costs with about $400,000 in robot costs over five years. Those are Agility’s projected customer savings, not independently verified results.

Cheaper production is still a projection

On Agility’s side, the estimated initial bill of materials—the components going into each Digit 5—is $150,000. The company projects that falling to $75,000 at annual production of 1,000 robots, then $30,000 if it reaches 10,000 robots a year. It plans to increase production gradually at its RoboFab facility in Oregon.

Components are only part of the expense. Agility estimates another $15,000 to deploy each robot and $15,000 annually to provide software and maintenance. It assumes an operational life of about five years per machine. The manufacturing savings therefore depend on reaching higher output, while deployment and support remain costs of serving customers.

A large order also comes with conditions. The subscription projections reference an unidentified customer’s $300 million order for 1,000 Digit 5 robots over three years. That is not guaranteed revenue: the contract requires Agility to meet delivery milestones, product features and specifications.

The job stays inside factories and warehouses

Agility says Digit 5 can lift up to 50 pounds and work more than 20 hours in a 24-hour period using fast charging. Its onboard safety system is designed to detect nearby people and respond by stopping or squatting, potentially allowing work beyond isolated cells.

Those capabilities do not remove the deployment risks. The filings flag uncertain real-world AI performance, worker safety, regulatory changes and cybersecurity threats. Co-founder Jonathan Hurst also draws a firm boundary around the near-term product: Digit 5 is not intended to enter homes and do household chores. The immediate business is industrial work, not a general-purpose household assistant.