Geekplus Technology Co. yesterday announced its interim results for the six months ended June 30. The company said that new signed orders jumped 35.5% year over year to RMB2.385 billion, or $354.9 million U.S. Geek+ credited that growth to the “dual engines of AI and embodied intelligence breakthroughs alongside deepened global expansion.”
Revenue climbed 25.3% YoY to RMB1.284 billion ($191 million), while gross margin improved to 35.8%, said Beijing-based Geek+. Adjusted net loss narrowed 32.1% YoY to RMB60.6 million ($9 million). Excluding embodied AI research and development investment of RMB44.5 million ($6.6 million), the loss shrank 81.9% to just RMB16.1 million ($2.3 million), bringing the core business close to break-even.
Geek+ said the drivers of growth have become more diversified and robust, with the boom in subscription-based service orders signaling that its installed base is accelerating conversion into incremental service revenue. The company claimed that this forms a pattern of growth in autonomous mobile robots (AMRs) “plus coordinated multi-engine drivers.”
Subscription-based services lead to growth
Subscription-based services have reached RMB156 million ($23.2 million) in 2026, up over 75% year over year, reported Geek+. The company said its installed base of 1,000 end customers and 81,000 deployed robots worldwide has enabled it to upgrade client relationships from one-off project delivery to long-term operations services.
“This high-margin, recurring model brings greater predictability and counter-cyclical resilience to performance, while significantly enhancing customer ‘stickiness’ and building a differentiated competitive moat,” it said. “The 75% growth rate signals that services are rapidly becoming one of Geek+’s core strategic pillars.”
The company noted that subscription orders in the Americas increased by 455% YoY, demonstrating robust demand in mature overseas markets and opening up global replication opportunities.
Beyond subscriptions, the business matrix saw broad-based strength: Pallet-to-person orders grew over 200% YoY, consolidating market leadership. Manufacturing orders jumped over 600% YoY, extending from warehouse fulfillment to production logistics.
Geek+ asserted that embodied intelligence products helped it secure partnerships “with multiple Fortune Global 500 companies, whose global business networks serve as a natural global replication channel.”
Editor’s note: Geek+ won a 2026 RBR50 Robotics Innovation Award for its goods-to-person (G2P) Robotic Arm Picking Station.
Geek+ finds profitability with global reach
In the first half of 2026, overall gross profit reached RMB460 million ($68.4 million), up 27.8% YoY, with gross margin expanding from 35.1% to 35.8%, said Geek+. Revenue from non-domestic regions accounted for over 75% of total revenue, and sales gross margin from these markets hit 46.2%.
The company said its increasing profits demonstrated the “high value-added competitiveness” of its globalized products and services. Geek+ said it has more than 1,000 end customers across over 40 countries and regions, including more than 85 Fortune Global 500 enterprises, with a customer repurchase rate as high as 80%.
According to Interact Analysis, the company has retained the No. 1 global market share for AMRs for seven consecutive years.
Company to focus on three priorities
Geek+ said it plans to focus on three strategic directions: subscription services for AI-powered operations, full-scenario product innovation, and embodied intelligence commercialization.
Last month, the company launched the RoboShuttle Hyper climbing tote-to-person system, with throughput of 6,000 totes per hour. It is targeting high-traffic micro-fulfillment centers in a market projected to reach $55.18 billion by 2030.
Geek+ added that shared technology foundations and core components across product lines continue to accelerate economies of scale and cross-selling advantages.
As its second growth curve, embodied intelligence will transition from order realization to scale contribution, the company said. Based on its “data flywheel” and GINO ECO ecosystem strategy, Geek+ is aiming for cumulative shipments of over 10,000 units within three years, expanding from warehousing to manufacturing and retail scenarios.