Unitree Robotics

What Unitree Robotics does

Unitree Robotics designs and sells legged robots. Its range covers four-legged machines often called robot dogs, such as the consumer Go2 and the industrial B2. Its humanoids include the H1, G1, R1 and H2. Wang Xingxing founded the company in 2016 and is its chief executive, according to Unitree's company history. Its registered name is Yushu Technology Co. Ltd., Caixin Global reported.

The Hangzhou-based company generated revenue of 1.70 billion yuan (about $252 million) in 2025, The Robot Report wrote in September 2026. It said that was up from 392.77 million yuan in 2024. It said Unitree shipped more than 5,500 humanoids in 2025, with humanoids providing just over half of revenue.

Why it matters

Unitree was the first humanoid robot maker to go public on a mainland Chinese exchange, NBC News reported, and it is profitable, unlike most of its competitors. The research firm Omdia estimated that Unitree and AgiBot each shipped more than 5,000 humanoid robots in 2025, the Associated Press reported.

NBC News also reported that Unitree's products are mainly sold to universities and research institutions rather than used commercially. The Robot Report, citing The Wall Street Journal, said less than 10% of 2025 revenue came from industrial applications.

The products have also drawn security criticism. Researchers disclosed on September 20, 2025, a Bluetooth flaw named UniPwn that could let an attacker take over Go2, B2, G1 and H1 robots, IEEE Spectrum reported. Unitree said later that month it had completed most of the fixes.

Recent developments

• June 2026: The Pentagon added Unitree to its 1260H list of companies it says support China's military, TechCrunch reported. The designation carries no sanctions but bars the U.S. military from contracting directly with Unitree, NBC News reported. Unitree says its robots are for civilian use only, NBC News said. Beijing rejected the Pentagon's claim, the Associated Press reported.
• July 2026: The U.S. Federal Communications Commission added foreign-produced advanced robotic devices to its Covered List on July 28. The term means mobile robots such as humanoids and quadrupeds. New models can no longer receive the FCC authorization needed for import or sale, the agency's fact sheet says. Previously authorized models are unaffected, it says. China's Foreign Ministry accused Washington of protectionism, the Associated Press reported.
• August 2026: Unitree shares began trading on Shanghai's STAR Market on August 19. The offering was priced at 150.8 yuan a share and raised 6.1 billion yuan, above a 4.2 billion yuan target, Caixin Global reported. The stock touched 1,100 yuan and closed at 845 yuan, valuing the company at about $50 billion, NBC News reported.
• September 2026: The shares closed at 513.93 yuan on September 9, about 39% below the first-day close, The Robot Report said. By September 15 the decline had reached 44%. The South China Morning Post reported speculation that Beijing may tighten approvals for other humanoid robot listings.

What to watch

• U.S. market access: The United States accounted for about 13% of Unitree's roughly $250 million in 2025 revenue, NBC News reported, citing the IPO prospectus. The FCC decision shuts out new models unless the U.S. government grants a conditional approval.
• Competition at home: AgiBot overtook Unitree as the world's largest humanoid robot vendor in the first half of 2026, the South China Morning Post reported in August. It cited new research.
• Growth: Unitree projected first-half 2026 revenue of 1.052 billion to 1.128 billion yuan, The Robot Report wrote on September 9, 2026. That would be up roughly 36% to 45% from a year earlier, it said.