Agility Robotics lost $138.1M in 2025 as Brett Adcock's doom prediction nears
Rewkang · x · 2026-10-31
Agility Robotics' pre-IPO filing reveals a $138.1M loss in 2025, never-positive cash flow, and management's warning it cannot fund next year's operations without raising more capital — unusually dire language for a company preparing to go public.
Figure AI founder Brett Adcock predicted a year ago that Agility would be out of business within 12 months; it hasn't collapsed, but the filing lends weight to his call. Investor Rewkang argues the humanoid space will see massive dispersion in returns, rewarding only truly discerning investors: "Only compound winners, everything else is noise."
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