Geek+ reported new signed orders of RMB2.385 billion for the first half of 2026, an increase of 35.5% from the same period a year earlier, as the warehouse robotics company recorded growth in its subscription services and automation businesses. Revenue for the six months ended June 30 increased 25.3% year on year to RMB1.284 billion. Gross profit rose 27.8% to RMB460 million, while gross margin increased from 35.1% to 35.8%. The company remained loss-making during the period. Its adjusted net loss narrowed 32.1% to RMB60.6 million.
Geek+ said it invested RMB44.5 million in research and development related to embodied intelligence. Excluding this spending, the adjusted loss was RMB16.1 million, down 81.9% year on year. Subscription-based services generated RMB156 million in orders, more than 75% above the comparable period. Subscription orders in the Americas increased 455%. Geek+ is using its installed base to expand from project-based robot deployments into ongoing operational services.
The company said it has deployed 81,000 robots and serves more than 1,000 end customers across more than 40 countries and regions. Revenue from markets outside its domestic market represented more than 75% of total revenue during the first half, with a gross margin of 46.2% on sales in those markets.
Orders for Geek+’s Pallet-to-Person systems increased by more than 200% year on year, while orders involving manufacturing applications rose by more than 600%. The company also reported partnerships with several Fortune Global 500 companies for products based on embodied intelligence, although it did not provide financial details for those agreements.
Geek+ is also expanding its warehouse automation portfolio. In August, it introduced RoboShuttle Hyper, a climbing Tote-to-Person system designed to handle up to 6,000 totes per hour.
The company plans to focus on AI-based subscription services, automation products for additional applications and the commercialization of embodied-intelligence technology. Geek+ is targeting cumulative shipments of more than 10,000 embodied-intelligence units over the next three years, with applications spanning warehousing, manufacturing and retail.
