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Robo.ai Inc. Reports First Half 2026 Financial Results

AIIO
  • Robo.ai Inc. reported shareholders' equity of US$95.8 million for the six months ended June 30, 2026, reversing a US$116.1 million deficit from December 31, 2025.
  • Net revenue for the period reached US$55.1 million compared to US$0.6 million in the same period of 2025, driven primarily by the acquisition of QC Capital which contributed US$54.4 million.
  • Gross profit improved to US$0.2 million from a US$0.4 million loss in the prior year period.
  • Net income attributable to shareholders was US$46.7 million, compared to a net loss of US$2.2 million in 2025, largely due to income from discontinued operations.
  • Basic diluted earnings per share were US$0.81, contrasting with a loss per share of US$0.15 in 2025.
  • Convertible notes decreased to US$3.0 million as of June 30, 2026, from US$11.1 million at year-end 2025, with US$13.6 million settled via share issuance instead of cash.
  • Cash and cash equivalents stood at US$2.1 million as of June 30, 2026, down from US$4.0 million at the end of 2025.
  • The company acquired 100% of Neurovia AI Limited in May 2026 a firm specializing in AI data processing 100% of QC Capital in June 2026, a business that generated US$54.4 million in revenue post-acquisition.
  • CEO Benjamin Zhai stated the first half of 2026 marked a structural reset involving the disposal of legacy ICONIQ liabilities operational localization in the UAE, 100% integration of acquired assets, 100% clarification of the commercial model.
  • Robo.ai operates as a Nasdaq-listed technology group headquartered in Dubai with platforms covering artificial intelligence, robotics, advanced manufacturing, digital assets.