UBTech: revenue of the humanoid robots division grew by 2200%
English translation from Unibot. Source published 2026-04-12.
On March 31, 2026, UBTECH Robotics released its 2025 results, marking a turning point for the industry. While some players, including AgiBot and Unitree, have already achieved notable success with fast sales cycles, it is UBTECH's audited numbers that for the first time provide a holistic view of the massive financial shift towards two-legged industrial work. Total revenue reached 2.001 billion yuan (up 53.3% YoY), indicating that humanoid robots have officially entered the phase of accelerated commercial scaling.
2,203% SPIKE: HUMAN-LIKE ROBOTS ARE THE MAIN FACTOR OF REVENUE
The most impressive figure is the growth of the Full-Size Embodied AI Humanoid segment. The income from these robots (non-remote controlled, more than 160 cm in height) increased sharply: from 35.6 million yuan in 2024 to 820 million yuan in 2025 - that is, by 2,203.7%.
1,079 Units Delivered: In 2025, UBTECH successfully moved into mass production at the "thousands" level - delivering over 1,000 units of the Walker S.
New revenue pillar: Humanoid robots now account for 41.1% of UBTECH's total revenue, finally overtaking logistics and educational robotics.
High Value Technologies: Average Selling Price (ASP) is around RMB 760,000 (approximately US$105,000). These devices are sold as solutions for the high-tech industry, not as expensive toys.
STRATEGIC MILESTONE: PARTNERSHIP WITH AIRBUS
While much of the growth comes from the automotive industry, UBTECH achieved a major strategic breakthrough in January 2026 by entering the global aviation supply chain.
Aviation Verification: Aircraft assembly requires significantly higher precision and safety requirements than traditional automotive lines. Airbus is currently testing the Walker S2 in a “proof of concept” mode in real-life aircraft production scenarios.
Global Expansion: This is the first time a humanoid robot developed in China has been integrated into an industry-leading aviation supply chain, following a similar strategic partnership with Texas Instruments in the US.
Delivered with High Precision: Walker S2 features the fourth generation of dexterous brushes capable of sub-millimeter precision. They are evaluated for complex assembly operations that were previously considered the exclusive domain of human specialists.
“THE BEST EMPLOYEE”: DOMINATION IN THE INDUSTRIAL LANDSCAPE
The report challenges the “toymaker” stereotype by looking at where exactly these robots work. More than 80% of UBTECH humanoid robots are now deployed in key industrial scenarios, including:
Automotive production: quality control and assembly of parts.
Smart logistics: Biped robots work together with wheeled systems for seamless sorting.
3C Electronics and Semiconductors: Handling Sensitive Components in Cleanroom Environments.
UBTECH's customer base now resembles the Fortune Global 500, with customers including the world's largest commercial airliner manufacturers and leading enterprises in the NEV (New Energy Vehicle) sector.
TECHNOLOGICAL STRENGTH: THE THINKER MODEL AND 3,000 PATENTS
UBTECH's growth is supported by an ambitious R&D reinvestment strategy, with R&D expenditure exceeding RMB 500 million in 2025 (25.4% of revenue).
Thinker-VLA Fundamental Model: Their proprietary “Thinker” model has recently been open sourced and includes a 4 billion parameter version, setting new records on 9 global task scheduling and spatial intelligence benchmarks.
Hardware benefits: The fifth generation of dexterous brushes delivers sub-millimeter precision, and the human-like binocular vision system achieves 99.5% visual accuracy.
Focus on productivity: A new autonomous 3-minute battery change system ensures that these “employees” are able to provide continuous operation 24/7 for industrial customers.
FINANCIAL MARKETS: “EARLY TESLA” IN ROBOTICS?
Global investors took notice of the "thousand units" milestone. Foreign participation in UBTECH has increased from 15.96% to 35.96% since the beginning of the year, reflecting significant capital inflows from sovereign wealth funds and foreign long-term investors.
Citi analysts went so far as to compare UBTECH's current trajectory to Tesla's early years (2010-2011): it is noted that the humanoid robots business has high margins - gross margin is 54.6%, which is the key to reducing losses. With RMB 4.82 billion in cash on hand, UBTECH is well positioned to continue its aggressive pace of R&D and expansion into 2026.