{"id":872484,"date":"2025-08-07T07:41:17","date_gmt":"2025-08-07T11:41:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/irobot-reports-second-quarter-2025-financial-results\/"},"modified":"2025-08-07T07:41:17","modified_gmt":"2025-08-07T11:41:17","slug":"irobot-reports-second-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/irobot-reports-second-quarter-2025-financial-results\/","title":{"rendered":"iRobot Reports Second-Quarter 2025 Financial Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BEDFORD, Mass.<\/span>
\n <\/span>, Aug. 7, 2025<\/span><\/span> \/PRNewswire\/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended June 28, 2025<\/span>.<\/p>\n

\n

\n
\n \"iRobot
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“Our second quarter performance fell short of our expectations, due to persistent market headwinds and delays in scaling production and sales of our new products,” said Gary Cohen<\/span>, iRobot CEO. “While we made meaningful progress on gross margin expansion, tightened control over operating expenses, and improved net losses, our cash position continued to decline as we supported new product launches — posing ongoing challenges to liquidity and operational flexibility. Although early consumer response to our latest product launches has been encouraging, broader market pressures and financial constraints remain significant hurdles to improved performance. \u00a0<\/p>\n

“As our Board of Directors continues its review of strategic alternatives for our business, we remain steadfast in executing our iRobot Elevate strategy and delivering the trusted products our customers value.”<\/p>\n

\n Second Quarter 2025 Financial Results (<\/b>
\n in millions, except per share amounts and percentages)<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Q2 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Q2 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Revenue<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $127.6<\/span>\n <\/p>\n<\/td>\n

\n

\n $166.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n GAAP Gross Margin\u00b9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 30.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.5\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Non-GAAP Gross Margin\u00b9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 30.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n GAAP Operating Expenses<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $75.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $88.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Non-GAAP Operating Expenses<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $65.5<\/span>\n <\/p>\n<\/td>\n

\n

\n $75.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n GAAP Operating Loss\u00b2<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n ($36.7)<\/span>\n <\/p>\n<\/td>\n

\n

\n ($61.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Non-GAAP Operating Loss\u00b2<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n ($27.0)<\/span>\n <\/p>\n<\/td>\n

\n

\n ($48.2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n GAAP Net Loss Per Share\u00b3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n ($0.68)<\/span>\n <\/p>\n<\/td>\n

\n

\n ($2.41)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Non-GAAP Net Loss Per Share\u00b3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n ($0.27)<\/span>\n <\/p>\n<\/td>\n

\n

\n ($1.96)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n\n\n\n
\n \n <\/td>\n<\/tr>\n
\n

\n
\n 1) In Q2 2024, GAAP and Non-GAAP gross margin were negatively impacted by an $18.4 million non-recurring charge related to the write-off of excess component inventory and the losses on non-cancelable purchase commitments as part of the transition to our new product development paradigm with our contract manufacturers (the “Manufacturing Transition Charge”), which reduced GAAP and non-GAAP gross margin by 11.1 percentage points.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n 2) In Q2 2024, GAAP and Non-GAAP operating loss were negatively impacted by the Manufacturing Transition Charge. <\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n 3) In Q2 2024, GAAP and Non-GAAP net loss per share were negatively impacted by the Manufacturing Transition Charge, which reduced GAAP and non-GAAP net loss per share by $0.63.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n Balance Sheet and Operational Highlights<\/b>\u00a0<\/p>\n