iRobot Files for Chapter 11 Bankruptcy Amid Intense Competition, Revenue Peaked at $1.6 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Source: Benzinga
- Intensified Competitive Pressure: iRobot's revenue peaked at nearly $1.6 billion in 2021, but the rise of Chinese competitors and failure to secure regulatory approvals accelerated its decline, highlighting the unequal playing field in the market.
- Financial Impact of Failed Acquisition: The proposed $1.7 billion acquisition by Amazon was blocked due to antitrust concerns, leading to increased financial pressure on iRobot, which ultimately abandoned the deal in early 2024.
- Post-Bankruptcy Acquisition: Following its bankruptcy filing, iRobot will be acquired by China-based Picea Robotics, indicating the involvement of its primary manufacturer and lender, which may alter its future trajectory.
- Shifting Market Dynamics: Co-founder Colin Angle noted that Chinese brands like Roborock gained market share through government incentives, preventing iRobot from penetrating this critical market, reflecting the changing competitive landscape in the global consumer electronics industry.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
