Unitree's first earnings as a public company: revenue up 70%, profit down
Unitree, the Hangzhou-based maker of robot dogs and humanoids, reported third-quarter 2026 revenue of 665 million yuan (about $100 million), up 69.9% from a year earlier, in its first earnings report since listing in Shanghai in August. Net profit attributable to shareholders fell 17.4% to 112.7 million yuan, below the 224 million yuan analysts expected, Reuters reported. Research and development spending rose about 250% to 127 million yuan, roughly 19% of revenue, as Unitree spent more on embodied-AI models, computing and its R&D team, according to Reuters and Yicai Global. For the first nine months of the year, revenue rose 55.7% to 1.82 billion yuan.
Why it matters
It is one of the first looks at real sales from a listed humanoid maker, and at how much building robot brains costs.
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