Company · IPO primary-source reset

Unitree / 宇树: IPO filing turns cost-access into a measurable shipment curve

This page now anchors Unitree on the IPO prospectus extract rather than older secondary memos. The filing shows real revenue, humanoid mix and shipment scale, while still warning that S5 commercial economics are not proven.

Updated 2026-06-15. Evidence map only; no trade recommendation.

Prospectus primary-source reset

Unitree is no longer only a low-price developer-platform story. The prospectus extract provides revenue, product-mix and shipment anchors, but not customer ROI or field-reliability economics.

2025 revenueRMB 1.708B

Reviewed 2025 revenue was RMB 170,820.87 万元. This resets the page to prospectus-extract evidence rather than older secondary memo framing.

2025 adjusted profitRMB 600.10M

Reviewed 2025 non-recurring-items-adjusted net profit was RMB 60,010.47 万元. Do not use the older RMB 278M memo figure as the final conclusion.

2025 1-9M mix51.53% humanoid

Humanoids were RMB 595.19M of 2025 1-9M main-business revenue; quadrupeds were 42.25% and components were 5.76%.

Shipment anchor>5,500 humanoids

The prospectus says 2025 pure humanoid shipments exceeded 5,500 units; quadruped shipments exceeded 30,000 units across the reporting period.

Source discipline: use the prospectus extract for Unitree financials. Do not promote older memo values such as RMB 278M net profit or 24.7x P/S as final conclusions.

Price and platform anchors

R1 AIR / R1$4.9K / $5.9K

Official product-page price anchors; tax and shipping excluded.

G1$13.5K

Developer / education / research-access humanoid platform signal.

H2$29.9K

Higher-end embodiment price anchor; still not deployment economics.

H2+ / G1-DNVIDIA + data stack

Jetson / Isaac / TeleOp / Sim and data-training workflow references.

Dexterous-hand component evidence

Dex1-15-120N

Prospectus component table: gripper force range, 20kg max load and 0.24s shortest full-close time.

Dex3-17 DoF / 33 tactile

Three-finger dexterous hand, about 710g, repeat fingertip positioning precision of ±2mm.

Dex5-120 DoF / 94 tactile

Five-finger hand, 1,000g, ±22° four-finger side swing and 4.5kg max load.

Primary source used for the reset

Unitree IPO prospectus extract · workspace/finance/extracted_docs/doc_2c39af2d38a5_unitree_招股书.txtUsed for revenue, adjusted profit, product mix, shipments, hand-component specifications, overseas exposure and risk-factor caveats.

Sources