---
title: "Apptronik revenue and valuation"
description: "Apptronik's revenue is estimated at $29M–$230M, last reported at $30M. Valued at $5.5B after raising $952M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/apptronik.md
canonical_url: https://www.tryspecter.com/revenue-valuation/apptronik
publisher: Specter
last_updated: 2026-11-01
---

# Apptronik revenue and valuation

Specter estimates Apptronik's annual revenue at $29M to $230M and its valuation at $3.57B to $6.02B. The company last reported $30M revenue in March 2025 and was priced at $5.5B in February 2026.

Apptronik builds humanoid robots that perform material-handling and collaborative industrial tasks.

- Estimated revenue: $29M to $230M (October 2026)
- Estimated valuation: $3.57B to $6.02B (October 2026)
- Last reported revenue: $30M (March 2025)
- Total funding: $952M
- Founded: 2016
- Headquarters: Austin, United States
- Employees: 540
- Sector: Robotics
- Specter Rank: #420,679

## Apptronik revenue

Apptronik last reported $30M revenue in March 2025. Specter's model puts current revenue between $29M and $230M.

| Reported figure | Date | Source |
| --- | --- | --- |
| $30M revenue | March 2025 | [Apptronik: The Apollo Robot and the Future of Humanoid Robotics](https://www.forbes.at/artikel/apptronik-der-apollo-roboter-und-die-zukunft-der-humanoiden-robotik) (forbes.at) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $81M | $29M | $230M |
| September 2026 | $79M | $28M | $220M |
| August 2026 | $67M | $23M | $193M |
| July 2026 | $68M | $21M | $220M |
| June 2026 | $66M | $22M | $200M |
| May 2026 | $63M | $19M | $210M |
| April 2026 | $58M | $19M | $178M |
| March 2026 | $53M | $19M | $144M |
| February 2026 | $50M | $17M | $142M |
| January 2026 | $40M | $17M | $97M |
| December 2025 | $39M | $18M | $87M |
| November 2025 | $36M | $17M | $76M |
| October 2025 | $35M | $17M | $70M |
| September 2025 | $34M | $18M | $63M |
| August 2025 | $32M | $19M | $54M |
| July 2025 | $31M | $19M | $49M |
| June 2025 | $31M | $21M | $46M |
| May 2025 | $31M | $22M | $44M |
| April 2025 | $32M | $24M | $41M |
| March 2025 | $30M | $25M | $36M |
| February 2025 | $30M | $23M | $39M |
| January 2025 | $30M | $24M | $38M |
| December 2024 | $26M | $14M | $38M |
| November 2024 | $26M | $12M | $39M |
| October 2024 | $24M | $12M | $37M |
| September 2024 | $24M | $11M | $37M |
| August 2024 | $18M | $8.1M | $29M |
| July 2024 | $26M | $13M | $38M |
| June 2024 | $20M | $11M | $30M |

## Apptronik valuation

Apptronik's valuation rose from $109M at its funding round in February 2023 to $5.5B at its Series A in February 2026. Specter's live estimate sits between $3.57B and $6.02B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $4.63B | $3.57B | $6.02B |
| September 2026 | $4.65B | $3.5B | $6.17B |
| August 2026 | $4.66B | $3.61B | $6.01B |
| July 2026 | $4.97B | $4.01B | $6.16B |
| June 2026 | $5B | $4.16B | $6.01B |
| May 2026 | $5.12B | $3.97B | $6.6B |
| April 2026 | $5.24B | $4.21B | $6.54B |
| March 2026 | $5.37B | $4.37B | $6.6B |
| February 2026 | $5.5B | $4.57B | $6.61B |
| January 2026 | $5B | $4.16B | $6.01B |
| December 2025 | $5B | $4.16B | $6.01B |
| November 2025 | $5B | $4.16B | $6.01B |
| October 2025 | $4.46B | $2.71B | $7.35B |
| September 2025 | $3.98B | $2.58B | $6.16B |
| August 2025 | $3.56B | $2.42B | $5.24B |
| July 2025 | $3.18B | $2.58B | $3.9B |
| June 2025 | $2.83B | $2.34B | $3.44B |
| May 2025 | $2.53B | $2.09B | $3.06B |
| April 2025 | $2.26B | $1.77B | $2.88B |
| March 2025 | $2.02B | $1.67B | $2.44B |
| February 2025 | $1.8B | $1.5B | $2.16B |
| January 2025 | $670M | $540M | $830M |
| December 2024 | $250M | $210M | $300M |
| November 2024 | $240M | $139M | $420M |
| October 2024 | $230M | $138M | $390M |
| September 2024 | $220M | $133M | $380M |
| August 2024 | $210M | $117M | $390M |
| July 2024 | $210M | $131M | $330M |
| June 2024 | $199M | $126M | $320M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $5B | June 2026 | [reuters.com](https://reuters.com/technology/apptronik-launches-robot-training-hub-unveils-apollo-2-humanoid-robot-2026-06-30/) |
| $5.5B | February 2026 | Funding round |
| $5B | January 2026 | [finance.yahoo.com](https://finance.yahoo.com/news/austins-biggest-2025-startup-funding-120000497.html) |
| $5B | December 2025 | [statesman.com](https://www.statesman.com/business/technology/article/austin-2025-funding-rounds-21218853.php) |
| $5B | November 2025 | [bizjournals.com](https://www.bizjournals.com/austin/news/2025/11/21/apptroniks-valuation-climbs-austin.html) |
| $1.8B | February 2025 | Funding round |
| $250M | December 2024 | [forbes.at](https://www.forbes.at/artikel/apptronik-der-apollo-roboter-und-die-zukunft-der-humanoiden-robotik) |
| $109M | February 2023 | Funding round |

## Apptronik funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 11 Feb 2026 | Series A | $520M | $5.5B | Mercedes-Benz Group AG, B Capital, Google |
| 13 Feb 2025 | Series A | $403M | $1.8B | B Capital, Capital Factory |
| 13 Feb 2025 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 7 Feb 2023 | Funding round | $13.9M | $109M | Terex |
| 23 Jun 2022 | Seed | $14.6M | Undisclosed | Undisclosed |
| 26 Dec 2017 | Grant | $225K | Undisclosed | Undisclosed |

## Apptronik vs competitors

The industrial humanoid market centers on a split between general-purpose utility and specialized task performance.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Apptronik | $29M–$230M | $3.57B–$6.02B |
| Figure (figure.ai) | $99M–$410M | $32.3B–$47.7B |
| Agility Robotics (agilityrobotics.com) | $1.4M–$4M | $2.08B–$3.01B |
| Sanctuary AI (sanctuary.ai) | $5.1M–$27M | $49M–$148M |
| Humanoid (thehumanoid.ai) | $8.5M–$63M | $1.08B–$1.63B |

## Questions

### What is Apptronik's revenue?

Specter estimates Apptronik's annual revenue at $29M to $230M as of October 2026. Apptronik last reported $30M revenue in March 2025.

### What is Apptronik's valuation?

Apptronik's latest post-money valuation is $5.5B, from a February 2026 Series A. Specter's live estimate is $3.57B to $6.02B.

### What is Apptronik's revenue multiple?

Apptronik is valued at about 183× revenue, based on its $5.5B February 2026 valuation and $30M last reported revenue.

### How much funding has Apptronik raised?

$952M across six rounds, from a $225K grant in December 2017 to a $520M Series A in February 2026.

### Who invested in Apptronik?

31 investors, including B Capital, Capital Factory, Google, Mercedes-Benz Group AG and Terex.

### Who are Apptronik's competitors?

Figure, Agility Robotics, Sanctuary AI and Humanoid. Specter ranks 29 competitors for Apptronik.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Apptronik revenue and valuation." tryspecter.com/revenue-valuation/apptronik. Updated November 2026.