What happens to Roombas now that the company has declared bankruptcy? [Los Angeles Times (CA)]
iRobot Corporation (IRBT)
Last irobot corporation earnings: 4/28 04:01 pm
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Source: Los Angeles Times
Roomba users fear “bricking” — the risk their smart vacuums will stop working without software updates after the Chinese acquisition takes effect. Trump's Vietnam tariffs and a blocked Amazon merger accelerated the company's decline as Chinese competitors now control 70% of the global market. Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics. Founded 35 years ago, the Massachusetts company pioneered the development of home vacuum robots and grew to become one of the most recognizable American consumer brands. Over the years, it lost ground to Chinese competitors with less-expensive products. This year, the company was clobbered by President Trump's tariffs. At its peak during the pandemic, IRobot was valued at $3 billion. The bankruptcy filing, which happened on Sunday, has raised fear among Roomba users who are worried about “bricking,” which is when a device stops working or is rendered useless due to
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News
- What happens to Roombas now that the company has declared bankruptcy? [Yahoo! Finance]Yahoo! Finance
- iRobot (NASDAQ:IRBT) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- iRobot Reports Third-Quarter 2025 Financial ResultsPR Newswire
- Robotics and AI Drive a New Era of Growth and Uplisting ActivityPR Newswire
- Robotics and AI Drive a New Era of Growth and Uplisting ActivityPR Newswire
IRBT
Earnings
- 3/12/25 - Miss
IRBT
Sec Filings
- 12/15/25 - Form 8-K
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- IRBT's page on the SEC website