Realbotix (XBOT.F) Q2 2026 earnings summary

Executive summary

• Significant strategic progress made despite limited visible improvement in quarterly financials, with a full pivot from crypto to AI and robotics and upscaled staffing from 8 to over 20 employees in the segment.

• Revenue for Q2-2026 was $225,000, down from $727,000 year-over-year, due to the exit from crypto operations and focus on AI-integrated humanoid robotics.

• Operating expenses increased to $1,746,000 in Q2-2026, reflecting expanded hiring for robotics and AI divisions.

• Total comprehensive income for Q2-2026 was $442,375, a significant improvement from a loss of $4,858,000 in Q2-2025, driven by one-time gains from debt repayment and asset sales.

• Progressing from demonstration to deployment phase, with initial sales to major clients like Ericsson and ongoing client delivery updates.

Financial highlights

• Six-month revenue was $578,000, down from $1,543,000 year-over-year.

• Gross margin for Q2-2026 was -1.7% due to a one-time overhead accounting adjustment; six-month gross margin was 19.0%, down from 45.9% year-over-year.

• Operating expenses for the six months were $3,423,000, up from $3,267,000 year-over-year.

• One-time gains from debt repayment and sale of the Tokens.com domain positively impacted results.

Outlook and guidance

• Current market for humanoid robots is small, with only about 13,000 units sold last year, but management expects substantial long-term growth and gradual revenue increase over a three- to four-year plan.

• Management expects continued product deliveries in coming months, with revenue recognition lagging due to policy.

• Confident in the success of the Nasdaq reverse merger, with a 95% probability, pending regulatory review and expected to close before October 31, 2026.

• New product launches, including the Ask Aria app and educational robotics kits, are planned for the near future.