US EditioniRobot Files Bankruptcy, Acquired by Picea
iRobot's Chapter 11 filing transfers ownership to Chinese supplier Picea Robotics amid $23 million tariff costs and declining revenue, aiming for a February 2026 restructuring completion.
- On Dec 14, iRobot filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, with a restructuring support agreement transferring control to Shenzhen PICEA Robotics and Santrum Hong Kong.
- Since 2021, earnings fell amid supply-chain chaos and cheaper rivals, while a collapsed Amazon acquisition, a $200 million lifeline from The Carlyle Group, and debt sales to Shenzhen PICEA left iRobot cash-strapped.
- IRobot's third-quarter revenue was $145.8 million, and cash on September 27 totaled $24.8 million after a $5 million restricted cash withdrawal.
- Existing common shareholders will be wiped out as Shenzhen PICEA Robotics gains 100% equity, and iRobot said it will operate through the court-supervised reorganization process, meeting commitments to employees and vendors.
- Founded in 1990 by three MIT roboticists, iRobot sold more than 50 million robots and warns Roomba owners could lose app-based features amid ongoing uncertainties about suppliers and company survival.
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313 Articles
Los Angeles Times
New Hampshire Union LeaderWhat happens to Roombas now that the company has declared bankruptcy?
Roomba maker IRobot files for bankrupcy, Chinese supplier to take control
Roomba maker files for bankruptcy, weighed down by debt and tariffs
The U.S. company that put robot vacuums into American homes has hit the skids.The maker of Roomba, called iRobot, has filed for bankruptcy about two years after its failed merger with Amazon. The company has struggled to keep up with foreign rivals, its hefty debt and new costs of tariffs. The firm is now being taken over by its main manufacturer based in China, assuring owners that its devices will keep running as usual.Most Roombas are manufac…
iRobot Corp., the pioneering domestic robotics firm, has officially declared bankruptcy under Chapter 11. Known worldwide for its iconic Roomba robot vacuum cleaner, US technology will be handed over to the Chinese company PICEA, its leading manufacturing partner, after years of financial and regulatory difficulties.Read more]]>
The company iRobot, creator of Roomba vacuum robots, entered a bankruptcy process in the United States.This situation will not affect the operation or support of the devices, according to the company itself.The firm, based in Bedford, Massachusetts, initiated a voluntary bankruptcy process under the protection of Chapter 11 of the U.S. Bankruptcy Act.The objective was to facilitate its acquisition by the companies Shenzhen Picea Robotics and San…
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