During 2025, iRobot reviewed a range of strategic alternatives and financial options designed to strengthen the business for the future. We are pleased to announce that this review has resulted in iRobot entering into a restructuring transaction that represents a critical step toward strengthening iRobot's financial foundation and positioning the Company for long-term growth and innovation.  

You can read more about the announcement here https://media.irobot.com/2025-12-14-iRobot-Announces-Strategic-Transaction-to-Drive-Long-Term-Growth-Plan

iRobot has entered into the restructuring agreement with its secured lender and its primary contract manufacturer, Picea.  To efficiently implement this restructuring transaction, iRobot also voluntarily commenced a pre-packaged chapter 11 process in U.S. Bankruptcy Court.  The restructuring agreement and court process will leave Picea with 100% ownership of iRobot.  But most important, iRobot will clear a significant amount of debt and secure new liquidity to grow the business going forward.

Picea is one of the largest manufacturers of robotic vacuum cleaners in the world with more than 7,000 employees globally and over 1,300 intellectual property rights worldwide.  

iRobot is committed to maintaining day-to-day operations, product availability, customer service, app functionality, and warranty commitments. It is business as usual.

All iRobot products continue to function and receive full support, and customers can continue to shop through the website, app, and retail partners without interruption.

As we move further into the holiday season, our priority remains unchanged: delivering reliable products and ensuring that every customer has the support they need for their iRobot devices to perform as expected. We look forward to continuing to serve households around the world with thoughtful and dependable cleaning technology