Archive · 16 Dec 2025
iRobot Files for Bankruptcy, Acquired by Picea
iRobot, the company that makes Roomba vacuum robots, has filed for bankruptcy after 35 years.
They will be taken over by their main supplier, Shenzhen Picea Robotics Co.
The company started by three engineers from MIT and sold over 50 million robots.
They had money problems because of supply chain issues, more competition, and new U.S. tariffs.
A planned buyout by Amazon didn't happen due to regulatory concerns.
The bankruptcy plan will let the company keep working and pay its employees and suppliers.
The company's stock will be delisted, and shareholders will not receive any value for their investment.
iRobot Corp. filed for Chapter 11 bankruptcy on Dec. 14 in the District of Delaware.
Shenzhen Picea Robotics Co. will take full control of iRobot under the restructuring agreement.
The company's common stock will be wiped out under the proposed Chapter 11 plan.
iRobot will continue operations and meet commitments to employees and creditors during the process.
The company warned of potential bankruptcy in December due to declining earnings, supply chain issues, increased competition, and failed acquisition talks with Amazon.
- Who
- iRobot Corp., Shenzhen Picea Robotics Co., Amazon.com, Carlyle Group
- What
- Filing for Chapter 11 bankruptcy and restructuring
- When
- Dec. 14
- Where
- District of Delaware
- Why
- Declining earnings, supply chain issues, increased competition, and failed acquisition by Amazon
iRobot Management
Investors/Shareholders
Company Future
iRobot Management
Believes the acquisition by Picea will stabilize operations and ensure continued product development.
Investors/Shareholders
Shareholders will receive no value for their investment as all equity interests are canceled.
- Company
- iRobot Corp.
- Filing Date
- Dec. 14
- Bankruptcy Type
- Chapter 11
- New Owner
- Shenzhen Picea Robotics Co.
- Founding Year
- 1990
- Founders
- Three MIT engineers
- Robots Sold
- Over 50 million
- Acquisition Attempt
- Amazon.com in 2023
- Total Revenue (2024)
- $682 million
- Debt
- $190 million
- Market Share (U.S.)
- 42%
- Market Share (Japan)
- 65%
Sources
Robot Vacuum Roomba Maker Files for Bankruptcy After 35 Years
Roomba robot vacuum cleaner maker, iRobot files for bankruptcy, seeks manufacturer buyout
Roomba Maker iRobot Enters Bankruptcy, Moves Toward Manufacturer Takeover
From Roomba to ruin: Why iRobot, America’s iconic home-tech pioneer filed for bankruptcy
