Can iRobot bounce back? Deep concerns overshadow $127M Q2

iRobot Corp., known for its Roomba robot vacuums, reported a disappointing second quarter for 2025, with revenue falling 23% year over year to $127.6 million. The decline reflects ongoing struggles including slowing demand, increased competition, and fallout from Amazon’s terminated $1.7 billion acquisition deal. While revenue grew 6% in Japan, it dropped sharply in the U.S. (33%) and EMEA (17%). CEO Gary Cohen, who took over in May 2024 after the failed Amazon deal and the departure of founder Colin Angle, acknowledged that results missed expectations due to market challenges and slower scaling of new products. Despite improvements in gross margins and operating efficiency, iRobot’s cash reserves have dwindled from $69.9 million in March to $40.6 million in June, raising liquidity concerns. The company has suspended financial guidance and earnings calls, and its board is reviewing strategic alternatives including a potential sale or refinancing. iRobot’s difficulties stem