iRobot Corporation Income Statement 2024-2008 | IRBT

Brief overview of income trends at iRobot Corporation

The overview follows changes across a five-year period. iRobot Corporation reported revenue of 1.2 billion dollars in 2019 and 682 million dollars by 2024. The five-year change reached −43.8%, while CAGR stood at −10.9%. The business finished the period with a smaller revenue base.

At the gross-profit level, the result moved from 544 million dollars to 142 million dollars, a change of −73.8%. Costs absorbed a larger share of revenue over the period. At the margin level, the figure shifted from 44.8% to 20.9%. Weakening gross profitability reduces the quality of the top-line trend.

Over the period, EBITDA shifted from 124 million dollars to −81.3 million dollars, a change of −165.7%. EBITDA lagged revenue, showing weaker operating momentum. The EBITDA share of revenue changed from 10.2% to −11.9%. The margin contraction indicates weaker operating efficiency.

The final result was $85.3 million initially and −$146 million in the final year. A positive result was not sustained and the period ended with a loss.

Financial takeaway

The financial trajectory is weak and requires a cautious interpretation. The weaker side of the profile includes limited operating profitability, limited revenue growth and a lower gross margin. Further direction will depend on top-line growth, operating profitability, and net income.