Digit’ maker Agility Robotics to go public in $2.5B deal – here’s what the filings say about its finances – GeekWire
Agility Robotics is becoming the first U.S. company dedicated solely to humanoid robots to go public. According to a June 24, 2026, report by Todd Bishop, the Salem, Oregon-based company will merge with special purpose acquisition company (SPAC) Churchill Capital Corp XI, valuing the firm at $2.5 billion and targeting a Nasdaq listing under the ticker “AGLT” by the end of 2026.
How does Agility Robotics plan to scale its Digit humanoid?
Agility Robotics is transitioning from pilot programs to mass deployment with the launch of Digit v5. This next-generation robot increases lifting capacity to 50 pounds, up from the 35 pounds handled by current models, and introduces swappable hands, according to company specifications.
To enable robots to work alongside humans without safety barriers, Agility became the first company to adopt NVIDIA’s Halos safety system. CEO Peggy Johnson told CNBC that this technology helps the company address labor shortages for a “long list of customers.”
Financial filings reveal more than $300 million in committed multi-year orders for Digit v5. These orders stem from a three-year contract for 1,000 robots from an undisclosed customer, though the filings note this figure depends on the company meeting specific milestones and is not a measure of current revenue.
What are the financial risks of the AGLT public offering?
Agility Robotics remains unprofitable as it scales. Preliminary, unaudited figures in company filings show operating expenses rose to approximately $111 million in 2025, up from $71 million the previous year. The company burned through roughly $100 million in cash during that period.
The merger with Churchill Capital Corp XI, created by financier Michael Klein, is expected to provide over $620 million in growth capital. This includes $420 million from public investors and approximately $200 million from a group led by Foxconn.
While the $2.5 billion valuation marks a significant milestone, it stands in stark contrast to other players in the sector. For instance, Silicon Valley’s Figure AI reached a valuation of $39 billion after raising over $1 billion last year, according to the report by Bishop.
Who is currently using Digit robots in real-world operations?
Agility reports that Digit has completed more than 65,000 hours of real-world operation. Current customers include logistics provider GXO, auto-parts company Schaeffler, Toyota Motor Manufacturing Canada, and the Latin American e-commerce firm Mercado Libre.
Amazon, an early investor that provided funding in 2022, has conducted multiple pilots of the robot. An Agility spokesperson confirmed on June 24 that the company intends to work with Amazon again upon the launch of the “cooperatively safe” next-generation model.
How does Agility compare to other humanoid robot developers?
Agility is pursuing a “pure-play” public strategy, whereas its primary rivals follow different corporate structures. Boston Dynamics is owned by Hyundai, and Tesla’s Optimus is a project within a diversified automotive and energy giant.
The following table compares the market positioning of the leading humanoid developers based on reported data:
| Company | Ownership/Status | Reported Valuation | Key Focus |
|---|---|---|---|
| Agility Robotics | Going Public (SPAC) | $2.5 Billion | Warehouse logistics |
| Figure AI | Private | $39 Billion | General purpose humanoid |
| Boston Dynamics | Hyundai-owned | N/A | Advanced mobility/Atlas |
Why the “Pure-Play” status matters
By listing as a dedicated humanoid company, Agility allows investors to bet specifically on the robotics sector without the noise of Tesla’s car sales or Hyundai’s manufacturing. This creates a benchmark for how Wall Street values humanoid robotics as a standalone industry.
Frequently Asked Questions
What is the ticker symbol for Agility Robotics?
The company is expected to trade on the Nasdaq under the ticker “AGLT” once the merger closes by the end of 2026.
Can Digit robots work safely next to humans?
Yes. Agility is implementing the NVIDIA Halos safety system to allow Digit v5 to work alongside people without the need for physical barriers.
How much can the Digit v5 robot lift?
The Digit v5 is designed to lift up to 50 pounds, an increase from the 35-pound capacity of earlier versions.
Is Agility Robotics currently profitable?
No. According to preliminary filings, the company is unprofitable and saw operating expenses rise to $111 million in 2025.
What do you think about the rise of humanoid robots in the workforce? Will they solve labor shortages or create new challenges? Let us know in the comments below or subscribe to our newsletter for more robotics updates.