Agility Robotics debuts on Nasdaq as first public humanoid firm
Agility Robotics completed its Nasdaq listing on November 5, becoming the first dedicated humanoid robot developer to achieve a public listing, trading at $11.49 after opening at $11.26 above the $10 SPAC reference price.
Agility Robotics outperformed a declining market on its Nasdaq debut, closing at $11.49 per share. The stock, trading under ticker AGLT, opened at $11.26 on November 5, above the $10 reference price set by its SPAC merger. The company called itself "the first pure-play legged humanoid company to go public." During the session, shares swung between a low of $8.40 and a high of $12.15 before settling slightly above the opening price. The public offering provided around $465 million in gross proceeds.
Robot-as-a-service model lowers customer risk
Agility Robotics emphasizes a robot-as-a-service business model. This approach involves renting out or selling humanoid robots to perform manual labor. Co-founder and chief robot officer Jonathan Hurst stated that using robots as a service lowers risk for customers and provides return on investment from day one. The company requires customers to spend $500,000 for an on-site proof of concept before full deployment. By May 2026, four customers had signed up for such proofs of concept.
Strong customer traction with multiyear commitments
The company reports significant commercial traction with over $300 million in planned contracts from 30 customers for its newest Digit 5 robot. These are multiyear orders subject to contractual milestones. Agility has deployed its Digit robots in industrial settings with nine different customers already. Major clients include GXO, Toyota Motor Manufacturing Canada, Schaeffler, and Mercado Libre.
At a GXO logistics facility, Digit robots have moved more than 100,000 heavy totes. GXO, Agility's first customer, plans to expand Digit deployments to facilities in North Carolina and Tennessee. The robots are designed for manual, repetitive jobs that are hard to fill with human workers. Digit can pick up heavy loads with 98% accuracy but lacks complex manipulation capabilities. Agility claims to have 65,000 hours of real operational data from customer facilities.
Financials show early commercial progress amid significant losses
Recent financial disclosures reveal a company in early commercial stages with substantial losses. The figures are part of a securities filing related to the SPAC merger.
| Metric | 2024 | 2025 | First Half 2026 |
|---|---|---|---|
| Net Sales | $310,301 | $1,781,967 | $174,000 |
| Related-Party Sales | Not specified | $1,131,860 (64% of revenue) | Not specified |
| Cost of Goods Sold | Not specified | $4.47 million | Not specified |
| Gross Loss | Not specified | $2.69 million | Not specified |
| Operating Loss | Not specified | $140.2 million | $362 million |
| Net Loss | Not specified | $138.1 million | $362 million |
Gross margin for 2025 was approximately negative 151%. The company's strategy focuses on scaling its robot-as-a-service model. Agility expects to begin Digit 5 deliveries to early-access customers in 2027. Its production facility in Salem, Oregon, has a stated capacity to produce 10,000 Digit 5 robots annually.
CEO Peggy Johnson recently discussed potential future products. In a video, she mentioned the possible addition of a smaller bipedal form factor to the company’s lineup. The upcoming Digit 5 robot, which can safely operate around humans, is expected to be demonstrated at CES 2027. Wide availability is anticipated by the end of that year.
