iRobot emerged from Chapter 11 in early 2026 as a private company wholly owned by its former supplier, Picea Robotics.
A proposed $1.7 billion acquisition by Amazon was blocked by antitrust regulators in 2024, depriving iRobot of a critical financial lifeline. irbt buy or sell
Several factors led to the company's financial distress and eventual bankruptcy: iRobot emerged from Chapter 11 in early 2026
High tariffs (including a 46% levy on certain imports) added millions in expenses, further crushing margins. Summary of Performance (Pre-Delisting) Press Releases | iRobot irbt buy or sell
Under the terms of the restructuring agreement, 100% of the company's equity was transferred to Picea, and existing common stock is expected to be cancelled , typically leaving no value for public shareholders. Why iRobot Faced This Outcome