iRobot’s revenue has tanked and it’s almost out of cash

iRobot's third-quarter revenue plummeted due to market pressures, production delays, and shipping disruptions, leaving the Roomba maker with less than $25 million in cash and no additional funding sources. The company has struggled against Chinese competitors for years, and a potential Amazon acquisition fell through due to regulatory issues, forcing massive layoffs and leadership changes. iRobot now faces possible bankruptcy after failed buyer negotiations, though it secured a loan extension through December 2025 to explore strategic alternatives.