---
title: "Physical Intelligence revenue and valuation"
description: "Physical Intelligence's revenue is estimated at $20M–$124M. Valued at $5.6B after raising $1.07B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/physical-intelligence.md
canonical_url: https://www.tryspecter.com/revenue-valuation/physical-intelligence
publisher: Specter
last_updated: 2026-11-01
---

# Physical Intelligence revenue and valuation

Specter estimates Physical Intelligence's annual revenue at $20M to $124M and its valuation at $2.99B to $11B. The company was priced at $5.6B in November 2025.

Physical Intelligence builds general-purpose AI and foundation models for robots.

- Estimated revenue: $20M to $124M (October 2026)
- Estimated valuation: $2.99B to $11B (October 2026)
- Total funding: $1.07B
- Founded: 2024
- Headquarters: San Francisco, United States
- Employees: 399
- Sector: Robotics AI
- Specter Rank: #98,561

## Physical Intelligence revenue

Specter's model puts current revenue between $20M and $124M.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $72M | $20M | $124M |
| September 2026 | $67M | $19M | $115M |
| August 2026 | $50M | $16M | $84M |
| July 2026 | $44M | $14M | $75M |
| June 2026 | $47M | $17M | $77M |
| May 2026 | $41M | $17M | $66M |
| April 2026 | $39M | $14M | $64M |
| March 2026 | $35M | $10M | $60M |
| February 2026 | $36M | $10M | $63M |
| January 2026 | $34M | $11M | $57M |
| December 2025 | $35M | $13M | $58M |
| November 2025 | $31M | $9M | $52M |
| October 2025 | $22M | $7M | $36M |
| September 2025 | $23M | $6M | $39M |
| August 2025 | $20M | $7M | $33M |
| July 2025 | $18M | $5M | $30M |
| June 2025 | $18M | $5M | $30M |
| May 2025 | $15M | $4.7M | $25M |
| April 2025 | $14M | $4.2M | $23M |
| March 2025 | $14M | $3M | $26M |
| February 2025 | $13M | $3M | $23M |
| January 2025 | $10M | $4.2M | $17M |
| December 2024 | $10M | $4.9M | $15M |
| November 2024 | $9M | $2.8M | $15M |
| October 2024 | $2.9M | $1M | $4.8M |
| September 2024 | $2.3M | $800K | $3.9M |
| August 2024 | $2M | $600K | $3.4M |

## Physical Intelligence valuation

Physical Intelligence's valuation rose from $2.4B at its Series A in November 2024 to $5.6B at its Series B in November 2025. Specter's live estimate sits between $2.99B and $11B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $5.74B | $2.99B | $11B |
| September 2026 | $5.73B | $3.22B | $10.2B |
| August 2026 | $5.8B | $3.38B | $9.98B |
| July 2026 | $5.73B | $3.56B | $9.22B |
| June 2026 | $6.26B | $4.63B | $8.46B |
| May 2026 | $5.97B | $4.56B | $7.81B |
| April 2026 | $5.79B | $4.53B | $7.41B |
| March 2026 | $5.73B | $4.63B | $7.09B |
| February 2026 | $5.79B | $4.72B | $7.1B |
| January 2026 | $5.73B | $4.72B | $6.95B |
| December 2025 | $5.86B | $4.85B | $7.09B |
| November 2025 | $5.6B | $4.66B | $6.73B |
| October 2025 | $5.22B | $3.81B | $7.15B |
| September 2025 | $4.86B | $3.93B | $6.02B |
| August 2025 | $4.53B | $3.57B | $5.75B |
| July 2025 | $4.22B | $3.34B | $5.33B |
| June 2025 | $3.93B | $3.04B | $5.1B |
| May 2025 | $3.67B | $2.86B | $4.7B |
| April 2025 | $3.42B | $2.69B | $4.33B |
| March 2025 | $3.18B | $2.53B | $4.01B |
| February 2025 | $2.97B | $2.37B | $3.71B |
| January 2025 | $2.76B | $2.24B | $3.41B |
| December 2024 | $2.58B | $2.08B | $3.19B |
| November 2024 | $2.4B | $2B | $2.89B |
| October 2024 | $390M | $193M | $820M |
| September 2024 | $360M | $195M | $750M |
| August 2024 | $410M | $240M | $960M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $5.6B | November 2025 | Funding round |
| $2.4B | November 2024 | Funding round |

## Physical Intelligence funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 31 Jul 2026 | Non-equity assistance | Undisclosed | Undisclosed | The Walt Disney Company |
| 20 Nov 2025 | Series B | $600M | $5.6B | CapitalG |
| 4 Nov 2024 | Series A | $400M | $2.4B | Thrive Capital, Jeff Bezos, Lux Capital |
| 12 Mar 2024 | Seed | $70M | Undisclosed | Thrive Capital |

## Physical Intelligence vs competitors

The embodied AI market splits between specialized industrial automation and general humanoid intelligence.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Physical Intelligence | $20M–$124M | $2.99B–$11B |
| Rhoda AI (rhoda.ai) | $8.7M–$27M | $1.17B–$1.8B |
| Generalist (generalistai.com) | $5.6M–$38M | $2.57B–$3.79B |
| X Square Robot (自变量机器人) (x2robot.com) | $20M–$45M | $2.49B–$4.07B |
| Menlo Research (menlo.ai) | $4.1M–$13M | $17M–$113M |

## Questions

### What is Physical Intelligence's revenue?

Specter estimates Physical Intelligence's annual revenue at $20M to $124M as of October 2026.

### What is Physical Intelligence's valuation?

Physical Intelligence's latest post-money valuation is $5.6B, from a November 2025 Series B. Specter's live estimate is $2.99B to $11B.

### How much funding has Physical Intelligence raised?

$1.07B across four rounds, from a $70M Seed in March 2024 to a non-equity assistance in July 2026.

### Who invested in Physical Intelligence?

16 investors, including CapitalG, Jeff Bezos, Lux Capital, The Walt Disney Company and Thrive Capital.

### Who are Physical Intelligence's competitors?

Rhoda AI, Generalist, X Square Robot (自变量机器人) and Menlo Research. Specter ranks 29 competitors for Physical Intelligence.

## 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. "Physical Intelligence revenue and valuation." tryspecter.com/revenue-valuation/physical-intelligence. Updated November 2026.