iRobot Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Gary S. Cohen
- Full Time Employees
- 1,372
- Sector
- Consumer Cyclical
- Industry
- Furnishings, Fixtures & Appliances
- Address
- 8 Crosby Drive Bedford MA United States of America 01730
- IPO Date
- Nov 9, 2005
- CIK
- 0001159167
- Website
- irobot.com
- Similar Companies
- Business
- iRobot Corporation (NASDAQ: IRBT), a leading global consumer robot company founded in 1990 and headquartered in Bedford, Massachusetts, designs, builds, and markets autonomous cleaning robots and related technologies for residential use. The company offers Roomba robot vacuums in models such as the 105 Vac series with 70x power-lifting suction, 205 DustCompactor Vac and Combo robots featuring debris-compacting systems, Plus 405 Combo robot with AutoWash Dock for suction and scrubbing, and Plus 505 Combo robot with PerfectEdge technology and multi-function self-cleaning dock; Braava robot mops including the recently launched 705 Robot with Wash Dock offering 175x more power-lifting suction and AI navigation; and complementary products like Aeris air purifiers acquired in 2021. iRobot operates a fabless model with in-house design in Bedford and outsourced manufacturing primarily in Asia, serving households through direct-to-consumer channels, retailers, and digital subscriptions such as iRobot Select; it maintains geographic presence in North America, Europe, Japan, and Asia with over 50 million robots sold worldwide. In March 2025, iRobot launched its largest product lineup in company history, introducing advanced Roomba vacuums and 2-in-1 vac-mop combos with ClearView Lidar navigation, PrecisionVision AI, upgraded Roomba Home app, and premium designs across North America and select European markets. Following the January 2024 collapse of its planned Amazon acquisition, the company executed an operational restructuring under the iRobot Elevate strategy, reducing headcount by over 50% to 541 employees, optimizing supply chain via joint design and contract manufacturing partnerships, cutting inventory and operating expenses, and improving gross margins; its board initiated a strategic review of alternatives including debt refinancing and potential sale, amid financial challenges evidenced by a $200 million term loan and substantial doubt on going concern status as of late 2024.
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