Humanoid robots dropped 70% in price in two years. That is the real story.
China's biggest robot maker is going public, but the headline that matters is that humanoid robots fell from $85,000 to $25,000 in just two years — and the business behind them is already profitable.
- $25,000
- humanoid robot price in 2025
- 5,500
- humanoids sold by Unitree in 2025
- ~60%
- gross margin per robot
- ~$5.9B
- Unitree IPO valuation
China's securities regulator this week approved a stock market listing for Unitree Robotics, a Hangzhou-based company that builds humanoid and four-legged robots. The IPO could raise around $619 million and values the company at roughly $5.9 billion. The listing itself is not the interesting part. What makes this worth watching is how fast robot prices are falling.
Unitree sold its first humanoid robots in 2023 for around $85,000 each. By 2025, the same class of robot cost about $25,000 — a 70% price drop in just two years. The company sold 5,500 humanoids in 2025 and now accounts for roughly one-third of all humanoid robots sold worldwide. A robot that once cost as much as a luxury car now costs less than a mid-range SUV.
Despite charging less, Unitree still earned nearly 60% gross margin on each robot sold. Revenue grew from around $55 million in 2024 to $250 million in 2025, and the company turned a profit for the first time. Prices falling while margins stay high is a rare sign that the underlying technology is getting better fast, not that the company is cutting corners.
For anyone running or building a business, the takeaway is simple. Humanoid robots are not a future idea — they are already manufactured, sold, and deployed, and they are getting cheaper every year. The companies that will be ready are the ones thinking now about where robots could handle repetitive or physical work in their operations. The window to prepare is open; it will not stay open forever.