AGILITY LISTS AT ROUGHLY 1,550X 2025 SALES WITH A -151% GROSS MARGIN, WHILE UNITREE'S HUMANOID MARGIN PREMIUM SHRINKS

Summary from the TLDR Hardware newsletter

Agility goes public via SPAC at roughly $2.8 billion on $1.8 million of 2025 revenue. Its gross margin was -151%, since a Digit costs about $125,000 to build against a $75,000 target. Unitree is worth about $40 billion on $239 million of revenue and 5,500 humanoids sold, but its gross margin slipped to 54%, and humanoids' margin edge over its other products shrank to 6 points. Agility spends about 4.5x Unitree's R&D on 1/134th of its revenue.