Agility Robotics Debuts on Nasdaq as the First Pure-Play Humanoid Stock — With $1.8 Million in Sales and $300 Million in Orders

Agility Robotics, maker of the Digit humanoid, began trading on Nasdaq as AGLT on November 5, 2026 after closing its SPAC merger — the first US-listed pure-play humanoid company, raising about $465 million while reporting just $1.8 million in 2025 sales.

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Nov 10, 2026 - 23:55

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Agility Robotics' Digit humanoid robot, with a teal torso and silver articulated limbs, handling blue plastic totes beside a shelving cart in a large warehouse with orange safety barriers and conveyor systems in the background.

Agility Robotics Debuts on Nasdaq as the First Pure-Play Humanoid Stock — With $1.8 Million in Sales and $300 Million in Orders

Agility Robotics, the maker of the Digit humanoid robot, is now a public company. It began trading on Nasdaq under the ticker AGLT on November 5, 2026, after closing its merger with the listed shell company Churchill Capital Corp XI — the first US-listed pure-play humanoid robotics company, in its own description.

The listing is a rare public-market test for an industry that has drawn enormous investor enthusiasm but very little proof of scalable economics. Agility's own numbers show why: the company reported about $1.8 million in net sales for 2025, against a net loss of $138.1 million.

How the deal was put together

Agility did not hold a conventional initial public offering. Instead it merged with a special purpose acquisition company, or SPAC — a listed shell that raises cash and then merges with a private business to take it public. Churchill XI shareholders approved the deal on November 2, with more than 84% of votes cast in favour, and the combination closed on November 4.

The transaction and related financings brought in about $465 million in gross capital before expenses. That total has three parts: about $164 million remaining in Churchill XI's trust account after holders of roughly 61.5% of Class A shares redeemed, about $201 million from a private share sale (PIPE) led by Foxconn at $10 per share, and $100 million of equity funding Agility had already received after the deal was announced. The deal valued Agility's existing equity at approximately $2.5 billion, according to Bloomberg's reporting — a pre-money transaction valuation, not the company's market capitalisation, which moves with the share price.

"Today marks an important milestone for Agility, but the bigger story is what it means for the future of work," chief executive Peggy Johnson said in the company's November 5 announcement.

The gap between sales and orders

The number investors will be watching is the gap between what Agility has sold and what it says it has lined up. The company reports more than $300 million in committed multi-year orders for Digit 5, its next-generation humanoid — but those orders are subject to contractual milestones, product features and specifications, and are not revenue already recognised. Reports note the figure is concentrated in one customer agreement.

The milestones Digit 5 must hit include throughput, uptime and placement accuracy, Johnson told TechCrunch. Early customer access is expected in the first half of 2027, with general availability by the end of that year, and Digit 5 is due to be shown at CES 2027. The updated machine, unveiled in September 2026, is designed to handle a wider range of industrial tasks while working more closely alongside human workers.

The financial filings underline how early the business still is. In the first half of 2026, Agility reported net sales of $174,000 — $121,000 of it from related parties — and a net loss of $361.9 million. As a public company, its cash burn, Digit unit economics and contract terms will now face quarterly disclosure for the first time.

What Digit has actually done

Agility's pitch to public investors rests on deployments, not demonstrations. The company says Digit has accumulated more than 65,000 hours of real-world operation, with deployments or work involving logistics operator GXO, Schaeffler and Toyota Material Handling. GXO has expanded its relationship with Agility to deploy Digit at two additional facilities, and agricultural equipment maker AGCO has signed a commercial agreement for a manufacturing pilot expected to begin in 2027. Agility says it has a pipeline of more than 30 prospective customers.

Its RoboFab factory in Salem, Oregon is designed for up to 10,000 robots a year. Strategic investors and partners in the company include Nvidia, Amazon, SoftBank and Foxconn.

Whether the public market rewards that story depends on execution, not the ticker debut. The $300 million of milestone-dependent orders only turns into revenue if Digit 5 hits its throughput, uptime and accuracy targets in 2027 — and from now on, every quarter will show the world how close it is getting.