Robo.ai reports US$180m revenue following QC Capital acquisition
NASDAQ-listed Robo.ai Inc. reported more than US$180 million (RM760 million) in revenue for the three months to August, with Quantum Core Capital Ltd (QC Capital) accounting for most of the earnings following its acquisition in June. The UAE-based co...
UAE-based Robo.ai Inc., a NASDAQ-listed company, disclosed a revenue of over US$180 million (RM760 million) for the three months ending August 2026. Quantum Core Capital Ltd's (QC Capital) acquisition, finalized on June 15, significantly contributed to this revenue. The company reported that operations remained stable following the deal, and the acquired business continued to generate revenue.
Robo.ai is currently working on integrating QC Capital while expanding its focus areas, including artificial intelligence, robotics, smart mobility, advanced manufacturing, and digital assets and capital. CEO Benjamin Zhai expressed optimism about the performance, stating that the company has seen steady operating momentum and revenue contribution from the acquired business.
He highlighted that the revenue provided a solid foundation for the next phase of growth, emphasizing disciplined execution and integration while aiming for sustainable growth. However, it is crucial to note that the US$180 million figure is preliminary and unaudited, subject to review by the company's independent registered public accounting firm.
Furthermore, the consideration shares issued for the QC Capital acquisition are subject to a phased release mechanism tied to revenue performance, as disclosed in a June 18 Form 6-K filing.
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