Unitree Releases First Financial Report After Going Public: Q3 Revenue Up 69.93%, Profit Down 27.78%

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2026-10-29 10:37:09 Source: Caixin.com Author: Du Zhihang Editor-in-Charge: Guan Cong

By Caixin's Du Zhihang

October 29, 2026 10:37

Robots are mainly used in niche areas such as commercial exhibitions and scientific research, and have not yet been deployed on a large scale in production scenarios to deliver real value

On October 28, humanoid robot company Unitree Technology released its Q3 2026 financial report: third-quarter revenue rose 69.93% year on year to 665 million yuan, while total profit fell 27.78% year on year to 112 million yuan. Image: Visual China

English report: Unitree’s Robot Boom Comes With Rising Costs, Inventory Related reports [Caixin Weekly] Caixin Weekly｜Unitree IPO: Speed and Passion [Caixin Weekly] Cover Story No. 2｜The Scientific Challenges of Humanoid Robots [Caixin Weekly] Caixin Weekly｜The Road to General-Purpose Humanoid Robots Unitree Technology Surges 65% in Seven Days, Triggering Abnormal Trading; Company Warns of Risks Unitree Hits Limit Up; Wang Xingxing Says General Large Models May "Pierce Through" Physical AI Analysis｜Unitree's Stock Price "Climbs High and Falls Hard"—Has the Valuation Anchor for Embodied Intelligence Loosened? Humanoid Robot Company Paxini Begins A-Share Listing Guidance; Company Valued at Over 10 Billion Yuan Wang Xingxing Says Robots Working in Factories Cannot Yet Be Promoted on a Large Scale; Unitree Opens Down About 15% Unitree IPO Employee Subscriptions 270 Million Yuan; Revenue From the United States Accounts for 13.30% (with video)

[Caixin.com] Unitree releases its first financial report after going public. On October 28, humanoid robot company Unitree Technology (688836.SH) released its Q3 2026 financial report: third-quarter revenue rose 69.93% year on year to 665 million yuan, while total profit fell 27.78% year on year to 112 million yuan.

At the open on October 29, Unitree's stock fell more than 3%. At the close on October 28, Unitree was at 695.9 yuan per share, up 8.74%, with a total market value of nearly 281.467 billion yuan.

Unitree's revenue growth slowed markedly in 2026. From 2023 to 2025, Unitree's three-year compound annual growth rate of operating revenue was 226.78%, with revenue of 159 million yuan, 393 million yuan and 1.699 billion yuan, respectively. Its net loss in 2023 was 11.1451 million yuan; it turned profitable in 2024 with net profit of 95.4747 million yuan, rising to 278 million yuan in 2025.

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