Unitree's First Earnings Report After IPO: Net Profit of 387 Million Yuan in First Three Quarters, Up 270% Year-on-Year

Unitree released its Q3 2026 report, its first earnings report since going public. Cumulative revenue for the first three quarters was 1.817 billion yuan, with net profit attributable to shareholders of 387 million yuan, up 270.54% year-on-year. Single-quarter revenue was 665 million yuan, up 69.93% year-on-year, but net profit attributable to shareholders was 113 million yuan, down 17.37% year-on-year. R&D investment in the first three quarters was 263 million yuan, up 191.48% year-on-year; the company said this was mainly due to increased R&D and computing power investment in embodied intelligence and embodied large models.