Rainbow Robotics (277810) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was KRW 9.063bn, versus KRW 4.185bn in Q1 2025; operating loss widened to KRW 1.567bn from KRW 1.403bn, while net loss reached KRW 903m from KRW 726m.

• Robot products and services span collaborative robots, quadruped platforms, mobile humanoids, AMRs and precision mounts; reported robot sales were 88.63% of revenue.

Financial highlights

• Consolidated gross profit was KRW 5.923bn, versus KRW 2.022bn YoY; SG&A was KRW 4.706bn, versus KRW 3.425bn.

• Revenue comprised KRW 5.277bn product sales, KRW 3.768bn service sales and KRW 17m merchandise sales; domestic revenue was KRW 7.342bn and exports KRW 1.720bn.

• Consolidated net loss was KRW 903m and basic EPS was -KRW 47, versus net loss of KRW 726m and EPS of -KRW 37 in Q1 2025.

Outlook and guidance

• AMR strategy includes advancing web-based UI and fleet management software, connecting collaborative robots for mobile manipulation, expanding SI channels and developing RaaS offerings to reduce customer upfront costs.

• Plans include overseas collaborative-robot expansion through local partners across Japan, China, Southeast Asia, North America and India; mobile humanoids remain in research and demonstration, with commercialization targeted in stages.

• Eight government R&D programs include humanoid manufacturing, firefighting quadrupeds, wildfire response, surgical-assistance robots and display-process humanoids; project schedules extend through 2027–2029.