mock data, board draft

SuperRobotics Inc

Q2 FY2026 finance report and operating outlook

Prepared for Board Review June 12, 2026
Quarterly revenue $48.6M +31% YoY

Shipments expanded across humanoid pilots, industrial AMRs, and recurring fleet software.

Gross margin 38.4% +520 bps YoY

Servo sourcing gains and lower integration labor offset battery pack inflation.

Cash runway 18.7 mo base case

Runway assumes planned pilot expansion and stable component payment terms.

Adjusted EBITDA -$6.8M +$3.1M QoQ

Loss narrowed as deployments shifted from bespoke builds to repeatable production cells.

executive summary

Revenue growth is outpacing burn, but working capital remains the constraint.

SuperRobotics closed Q2 with $48.6M in revenue, driven by 142 platform deliveries and a 91% renewal rate on autonomy software contracts. Blended gross margin improved to 38.4% as the factory absorbed higher throughput and reduced late-stage rework.

The operating plan remains capital intensive. Inventory commitments for actuator, compute, and battery modules increased by $9.2M, creating a near-term cash conversion drag. Management recommends tightening pilot acceptance criteria and negotiating component consignment terms before scaling the Q4 production target.

revenue mix

Recurring software is now 24% of revenue.

Humanoid platforms $22.4M Industrial AMRs $12.9M Autonomy software $11.7M Services $1.6M

cash outlook

Base case preserves $41M minimum cash.

Cash balance$126.4M
Net burn$6.8M / month
Committed backlog$183.2M

quarterly KPIs

Operating metrics

Metric Q2 FY25 Q1 FY26 Q2 FY26 Trend
Platform deliveries86118142+20% QoQ
Average selling price$287K$301K$315K+5% QoQ
Manufacturing yield71%78%84%+600 bps
Deployment cycle46 days39 days34 days-5 days
Net revenue retention116%122%128%+600 bps

unit economics

Robotics production margin bridge

ASP$315K
Hardware BOM-$146K
Factory labor-$29K
Deployment support-$19K
Contribution profit$121K

opex

Spend remains weighted toward autonomy and reliability.

  • R&D$18.2M44%
  • Sales and field ops$9.4M23%
  • G&A$6.1M15%
  • Manufacturing engineering$7.6M18%

risks

Key finance risks

high

Inventory prepayments

Actuator and compute suppliers require earlier deposits for Q4 capacity reservations.

medium

Pilot conversion timing

Three humanoid pilots could slip from Q3 to Q4 if site safety approvals extend.

medium

Warranty reserve

Field reliability is improving, but hand and battery modules still carry variance.

board actions requested

Decisions for Q3 operating plan

  1. Approve $14M component reserve for long-lead actuators and edge compute.
  2. Authorize CFO to negotiate supplier consignment for at least 35% of Q4 materials.
  3. Set minimum pilot gross margin hurdle at 28% before field deployment approval.