How Does Agility Robotics Make Money? Digit's $8,500/Month RaaS Pricing, Explained

Agility Robotics charges about $8,500 a month to rent its Digit humanoid robot, or roughly $200,000 to sell one outright — yet reported just $1.8 million in 2025 revenue against a $140 million operating loss.

Agility Robotics is heading to Nasdaq as AGLT through a $2.5 billion SPAC merger with Churchill Capital Corp XI, a deal covered in full in our Agility Robotics IPO breakdown. That valuation prices the company almost entirely on where Digit's pricing model is headed, not where its revenue is today. Here's exactly how Agility charges customers, and why the gap between its pricing and its sales is so wide.

How Does Agility Robotics Make Money?

Agility sells Digit, a bipedal humanoid robot built for warehouse tote-handling and logistics tasks, under two pricing structures disclosed in its S-4 filing ahead of the SPAC merger, per The Robot Report's review of the filing. The first is robots-as-a-service (RaaS): Agility keeps ownership of the hardware and bills customers roughly $8,500 a month, plus a one-time $25,000 deployment fee. The second is an outright purchase: customers pay about $200,000 upfront, plus a $20,000 deployment fee and roughly $36,000 a year for ongoing software updates and maintenance.

Agility's own modeling, built around an assumed five-year useful life per unit, estimates a RaaS-leased Digit generates about $535,000 in total revenue over that period, versus roughly $400,000 for an outright-purchased unit once the annual software fee is included. The company's filing puts the bill of materials at approximately $150,000 per robot and estimates about 1.1 years to customer breakeven on the hardware cost.

Why Revenue Is So Far Behind the Pricing Model

The math above implies a real, profitable-at-scale business — but Agility isn't close to that scale yet. The company reported just $1.8 million in net sales for 2025, against operating expenses of $111 million (up from $71 million in 2024) and a resulting $140 million operating loss, with roughly $100 million in cash burn for the year. At the $2.5 billion pre-money valuation set by its SPAC merger, that prices Agility at approximately 1,400 times its 2025 revenue — a multiple that only makes sense if deployments scale dramatically from here.

That's the bet the SPAC deal is pricing. Agility's S-4 projects deployment volume growing from roughly 800 units in 2027 to 7,000 by 2030 and up to 25,000 by 2035 — a volume that, at the illustrative $8,500-a-month RaaS rate, would generate about $2.55 billion in annual subscription revenue, per The Rundown AI's coverage of the deal. Track how other pre-revenue AI and robotics valuations are being priced against projected scale on our AI valuations dashboard.

The $300M Backlog Rests Mostly on One Customer

Agility has publicly cited more than $300 million in multi-year Digit v5 orders as evidence of commercial demand. The Robot Report's review of the underlying filings found that figure ties mainly to a single undisclosed customer's three-year RaaS contract for 1,000 robots — and Agility's own investor materials describe it as potential contract value tied to delivery milestones, not revenue that has already been booked.

Separately, Agility has named real, smaller commercial deployments, part of the roughly $620 million in expected SPAC proceeds meant to scale production: Digit has moved more than 100,000 totes in a RaaS deployment at a GXO Logistics warehouse, and Toyota Motor Manufacturing Canada signed a RaaS agreement for seven Digit units to unload parts totes at its Canadian plant. Those deals are real revenue under the RaaS pricing model described above, just at a fraction of the volume the $300 million backlog figure implies.

What the headline misses

A $300 million backlog sounds like booked revenue; it isn't. It's potential contract value from one customer's order, subject to delivery milestones Agility hasn't yet hit, layered on top of a business that sold $1.8 million of product in 2025. If that one customer's milestones slip, or the 2027-2035 deployment curve comes in meaningfully below the S-4's projections, the 1,400x revenue multiple embedded in the SPAC's $2.5 billion valuation has essentially no revenue cushion to fall back on.