A newly filed Form S-4 shows that the company generated approximately $1.8 million in revenue in 2025, while reporting an operating loss of around $140 million, according to reporting from The Robot Report based on the filing. The disclosure gives investors a much clearer view of the economics behind one of the humanoid sector’s most advanced commercial players.
Agility agreed in June to merge with Churchill in a transaction valuing the company at $2.5 billion pre-money. The deal is expected to provide more than $620 million in gross proceeds, including roughly $420 million from Churchill’s trust account assuming no redemptions and about $200 million from a PIPE led by Foxconn. The transaction remains subject to shareholder, regulatory and listing approvals.
The filing also adds important context to Agility’s previously announced order book. The company says it has more than $300 million in multi-year orders for Digit v5, but the figure relates to a 1,000-robot, three-year Robots-as-a-Service contract and is subject to the achievement of contractual milestones. Agility explicitly states that the amount should not be treated as current-period revenue.
Digit is already operating at customer sites including GXO, Schaeffler, Toyota Motor Manufacturing Canada and Mercado Libre. Agility has built its RoboFab facility in Salem, Oregon with designed annual capacity of up to 10,000 robots, while its new Fremont facility is focused on Physical AI development and robot training.
The newly public filing is particularly notable because most leading humanoid companies remain private and disclose little about revenue, losses or customer economics.
