Agility made $1.8M revenue on $140M loss ahead of $2.5B SPAC
kscottz · x · 2026-09-09
Agility Robotics' S-4 filing reveals its finances ahead of a SPAC merger with Churchill Capital Corp. XI: just $1.8 million in 2025 net sales against a $140 million operating loss, with operating spend up from $71M in 2024 to $111M, and roughly $100M cash burned in 2025.
- The SPAC values Agility at $2.5 billion — about 1,400x annual revenue — and is expected to generate over $620M in gross proceeds ($420M from Churchill's trust plus a $200M PIPE led by Foxconn); - Its Digit humanoids have logged 65,000+ operating hours across 9 customer sites, with over $300M in multi-year Digit v5 orders from a single customer.
For context, Unitree listed on Shanghai's STAR Market in mid-August, closing its first day 460% higher after raising $905M, while Figure, Apptronik and 1X have raised at high valuations without opening their books.
Related event: Agility's S-4 Reveals $1.78M Revenue Against $2.5B SPAC Valuation(5 posts)→
More from Venture
- Mistral AI raises €3B to scale training and inference compute for sovereign open AI — ylecun · 2026-09-09
- Founder-angels dominate: Guillermo Rauch leads with 128 investments, Dylan Field 97 — FinanceYF5 · 2026-09-09
- Gimlet Labs raised $300M after telling investors OpenAI could spend $100M+ a year — arthurcolle · 2026-09-09
- DeepSeek's 'most bizarre' fundraise: no CFO, one email, 5-year lockups — zijing_wu · 2026-09-09
- Indie developer lands a $900 deal from ChatGPT-sourced traffic — gefei55 · 2026-09-09
- Quant backgrounds have blind spots in the AI economy, says economist Daniel Rock — soumitrashukla9 · 2026-09-09