Agility Robotics

Robotics · Humanoid Robotics · Physical AI

IPO

Agility Robotics debuts on Nasdaq as AGLT in first US humanoid IPO

The listing reveals the humanoid sector's unproven economics: just $174,000 in first-half revenue against a $362 million loss.

• Agility Robotics began trading on Nasdaq as AGLT on November 5, 2026, after completing a SPAC merger with Churchill Capital Corp XI that raised about $465 million in gross capital and valued the company at roughly $2.5 billion.
• Spun out of Oregon State University in 2015, Agility builds the Digit humanoid robot, which performs repetitive, physically demanding warehouse and factory tasks for customers including GXO, Schaeffler, Toyota Motor Manufacturing Canada and Mercado Libre.
• The deal's financing shrank from more than $600 million projected when the merger was announced in June to $465 million, including a PIPE led by existing investor Foxconn alongside roughly $420 million held in Churchill XI's trust account.
• Agility has secured more than $300 million in committed multi-year orders for its next-generation Digit 5 robot from 30 customers, even as it posted just $174,000 in revenue against a $362 million net loss in the first half of 2026.
• The "first" title is US-specific: China's Unitree listed in Shanghai in August 2026 and UBTech has traded in Hong Kong since December 2023, underscoring how far US humanoid makers trail global rivals to market.
• Agility shares whipsawed in early trading after the debut, reflecting investor uncertainty about how to price a still-unproven humanoid robotics market.
• Agility's public filings give investors a rare, granular look at humanoid robotics unit economics, turning the industry's central promise that robots can profitably replace manual labor into a publicly tested bet.