Agility Robotics is going public through a reverse merger that is expected to bring in $465 million, as it tries to turn warehouse deployments into a sustainable business. The figures make this more than a humanoid-robot market debut: they show both the commercial foothold and the steep climb ahead.
Watch Desk analysis
What happened
Agility CEO Peggy Johnson told TechCrunch that the company has deployed its Digit robots with nine industrial customers, including Toyota Motor Manufacturing Canada and GXO. TechCrunch reports that Digit moved more than 100,000 totes at one GXO facility, but Agility recorded just $174,000 in revenue in the first half of 2026 and lost $362 million over the same period.
The company says it has $300 million in planned contracts for its next-generation Digit 5. Those deals depend on the robot meeting targets for throughput, uptime and placement accuracy. Agility plans to demonstrate prototypes at CES 2027 and says the robot should be widely available by the end of that year. The TechCrunch report also says customers must pay $500,000 for an on-site proof of concept before a deployment is fully scaled.
Why it matters
The gap between real deployments and modest revenue is the important part of this listing. Agility has robots doing repetitive work in customer facilities, but its planned contracts are not yet proof of scaled sales, and the company has not shown Digit 5 prototypes. The public-market bet is that the next generation can meet demanding performance targets and turn interest into recurring business.
Our read
Agility has something many humanoid robotics pitches lack: robots already doing work for customers. But the numbers also show why a working demonstration and a viable business are different milestones. Investors, customers and the rest of the robotics field will want to see whether Digit 5 can meet its targets, not just make a compelling debut.
What to watch
- Whether Agility completes the reverse merger and raises the planned $465 million.
- What Digit 5 can demonstrate at CES 2027, particularly on uptime and task accuracy.
- Whether planned contracts become scaled deployments and meaningful revenue.
Discussion spark: Should investors give Agility credit for robots already working at customer sites, or wait until deployments produce substantial revenue?
Sources and evidence
- Agility is the first pure humanoid robot company on the stock market. Are you buying? | TechCrunch (5 November 2026, 12:00 UTC)
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