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Unitree Technology released its Q3 2026 financial report on October 28, 2026. According to Caixin, revenue for the quarter rose 69.93% year-on-year to 665 million yuan, while total profit fell 27.78% year-on-year to 112 million yuan. The report also reviewed the company's performance from 2023 to 2025: revenue was 159 million yuan, 393 million yuan and 1.699 billion yuan respectively, a three-year compound growth rate of 226.78%; net profit shifted from a loss of 11.1451 million yuan in 2023 to 278 million yuan in 2025. The report noted that 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. There is currently no further progress following the release of this financial report.
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- Source:Caixin
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Nov 1
Phoenix Technology
Unitree's First Quarterly Report After IPO Shows Revenue Growth Without Profit Growth, R&D Expense Ratio Rises to 19.10%
Unitree's revenue in the third quarter of 2026 grew 69.93% year-on-year, while net profit attributable to shareholders fell 17.37% year-on-year and 49.69% quarter-on-quarter. R&D expenses for the first three quarters were 263 million yuan, up 191.48% year-on-year, and the R&D expense ratio rose from about 7.73% to 14.47%. The company said the additional investment mainly involves embodied large models, computing power, R&D teams and new products, and the prospectus plans to invest about 2.022 billion yuan in the intelligent robot model R&D project. Sales expenses during the same period were 230 million yuan, up 202.45% year-on-year. Competition between Unitree and Zhiyuan over shipment share and industry funds has also extended from complete machines to the ecosystem.
East Money
Unitree Technology's Q3 revenue up but profit down, robot supply chain performance diverges
In the third quarter of 2026, Unitree Technology's revenue was 665 million yuan, up 69.93% year-on-year, while net profit attributable to shareholders was 113 million yuan, down 17.37% year-on-year and down about 49.7% quarter-on-quarter from 224 million yuan in the second quarter. In the first three quarters, revenue was 1.817 billion yuan, up 55.71% year-on-year, but net profit after deducting non-recurring gains and losses was 349 million yuan, down 18.78% year-on-year, and net operating cash flow fell 54.69% year-on-year. Sanhua Intelligent Controls and Tuopu Group saw their Q3 net profit attributable to shareholders fall 9.64% and 4.78% year-on-year respectively, while Leadshine Technology's net profit attributable to shareholders in the first three quarters rose 86.80% year-on-year.
Oct 30
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Oct 29
Caixin
Unitree Releases First Financial Report After Going Public: Q3 Revenue Up 69.93%, Profit Down 27.78%
Unitree Technology released its 2026 third-quarter financial report on October 28. 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. From 2023 to 2025, Unitree's revenue was 159 million yuan, 393 million yuan, and 1.699 billion yuan, respectively, with a three-year compound growth rate of 226.78%. Net profit shifted from a loss of 11.1451 million yuan in 2023 to 278 million yuan in 2025. The report noted that 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.
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