PER, EPS, PBR and BPS are calculated in-house from the last 4 quarters (2025Q3–2026Q2) · Dividend yield is based on ₩0 per share · Prices as of the 2026-10-02 close
As mop-robot vacuum sales recover, the key question is whether new AI autonomous-driving module and personal-mobility businesses can contribute repeatably to earnings.
2025 consolidated revenue rose 15.5% YoY to KRW 34.4bn, but operating loss widened to KRW 3.2bn.
The 2025 owners' net loss of KRW 12.7bn was driven largely by an impairment on the equity-method investment in HiCore.
Owners' net profit swung to KRW 7.6bn in 2Q26, which appears linked to a one-off gain from the sale of the company's former headquarters building.
Supply of AI autonomous-driving modules for SK Intellix's 'NAMU X' is emerging as a new revenue stream.
Personal-mobility expansion continues via subsidiary EveryBot Mobility (electric wheelchairs/scooters) and affiliate HiCore.
EveryBot is a service-robot specialist that has long held a strong share of Korea's mop-robot-vacuum segment with its 'ThreeSpin' series. It also offers an all-in-one robot vacuum lineup (Q3, Q7, Q9, Q11) spanning value to premium price points to widen consumer choice.
With products such as the window-cleaning robot 'Edge Window2', the bedding-only robot 'X1', and the commercial cleaning robot 'Worky T1', EveryBot is the only Korean company selling cleaning robots across every category.
More recently the company has expanded into serving robots and AI autonomous-driving modules, with module supply for SK Intellix's AI wellness robot 'NAMU X' emerging as a new revenue source.
In personal mobility, consolidated subsidiary EveryBot Mobility runs an electric wheelchair and medical scooter business under the 'EveryGo' brand, holding models eligible for national health insurance subsidies that support demand stability.
Affiliate HiCore, acquired in May 2024 and now held at a 48.90% equity stake, brings LiDAR- and vision-based autonomous smart robot-chair technology along with prior collaboration experience with the Hyundai Motor Group.
On the competitive front, rivals—mostly China-based—using inexpensive LiDAR components in feature-rich, low-priced products are cited as a pressure point on profitability.
Overall, EveryBot is attempting a structural shift from a B2C-centric cleaning-robot business toward a combined B2B/B2C model incorporating AI autonomous modules and personal mobility.
| Quarter | Revenue | Operating profit | Op. margin |
|---|---|---|---|
| 2025Q2 | ₩8.5B | ₩96,695,634 | 1.1% |
| 2025Q3 | ₩8.7B | -₩400M | −5.1% |
| 2025Q4 | ₩13.1B | -₩800M | −5.8% |
| 2026Q1 | ₩8B | -₩1.8B | −22.3% |
| 2026Q2 | ₩9.8B | -₩1.2B | −12.5% |
| Year | Revenue | Operating profit | Net income (parent) | Op. margin | ROE | Debt-to-equity |
|---|---|---|---|---|---|---|
| 2022 | ₩53B | ₩6.2B | ₩6.9B | 11.7% | 11.2% | 39.5% |
| 2023 | ₩31.7B | ₩1.5B | ₩2.8B | 4.8% | 4.3% | 34.2% |
| 2024 | ₩29.8B | -₩2.2B | ₩300M | −7.5% | 0.5% | 76.0% |
| 2025 | ₩34.4B | -₩3.2B | -₩12.7B | −9.3% | −20.5% | 75.5% |
Consolidated basis (financial statements including subsidiaries) · Final figures from DART filings · Net income attributable to owners of the parent · Data as of 2026-08-21
Annual results peaked in 2022 with revenue of KRW 53.01bn and operating profit of KRW 6.18bn (an 11.7% operating margin), before revenue fell sharply to KRW 31.70bn in 2023 (4.8% margin) and the company swung to an operating loss of KRW 2.24bn (-7.5% margin) on revenue of KRW 29.75bn in 2024.
In 2025 revenue grew 15.5% YoY to KRW 34.36bn, yet the operating loss widened to KRW 3.20bn (-9.3% margin), showing top-line recovery alongside deteriorating profitability.
Notably, the 2025 owners' net loss reached KRW 12.75bn, driven by a large impairment on the equity-method investment in affiliate HiCore, which widened the gap between operating and net results.
Quarterly, the company posted a modest operating profit of KRW 97mn on revenue of KRW 8.55bn in 2Q25, before losses widened again in 3Q25 (revenue KRW 8.73bn, operating loss KRW 448mn) and 4Q25 (revenue KRW 13.07bn, operating loss KRW 757mn, net loss KRW 8.61bn).
In 1Q26 revenue fell to KRW 7.97bn with the operating loss widening to KRW 1.78bn amid seasonal softness, before revenue rebounded to KRW 9.84bn in 2Q26 with the operating loss narrowing slightly to KRW 1.23bn.
However, 2Q26 owners' net profit swung sharply positive to KRW 7.61bn even as the operating loss persisted, which should be read as a one-off effect—likely a gain on disposal of the company's former headquarters building—rather than a core-business improvement.
On the cash-flow side, 2025 operating cash flow turned negative at KRW -5.26bn versus positive figures in 2023-2024, and the debt ratio jumped from the 30% range in 2022-2023 to 75.5% in 2025, underscoring a rising financial burden worth monitoring.
The service-robot market is projected to grow roughly four-fold, from about USD 12.7bn in 2021 to USD 51.3bn by 2030, with innovation expanding across logistics, healthcare, personal mobility, and home care.
In household robot vacuums, the market itself continues to grow amid rising fine-dust concerns and more single-person households, but industry-wide profitability is described as constrained by competition from feature-rich, low-priced products built on inexpensive LiDAR components.
Against this backdrop, EveryBot is leaning on its brand strength in mop-robot vacuums to defend average selling prices through premium new products (such as ThreeSpin PRO), while broadening into B2B autonomous-driving modules and personal mobility to reduce reliance on a single product category.
Domestic collaboration with partners such as UX Factory and Yuracle on physical AI and humanoid service businesses also points to a broader industry trend of Korean service-robot makers repositioning from traditional appliance-type robots toward AI-platform and autonomous-module suppliers.
That said, these new businesses remain at an early stage, and whether they can become a repeatable, stable revenue source still requires further validation.
The personal-mobility segment (electric wheelchairs/scooters) benefits from a stable demand structure tied to national health-insurance subsidies, but the market size itself is smaller than robot vacuums, limiting its near-term earnings impact.
The company is sequentially rolling out new products—including a 2026 all-in-one robot vacuum lineup and the AI mop robot 'ThreeSpin PRO'—as a strategy to offset natural decline in older models.
The AI autonomous-driving module business, which moved into mass-production supply for SK Intellix's 'NAMU X' starting in 4Q25, is expected to see a full-year revenue contribution in 2026; a company-analysis report published by the Korea IR Service (KIRS) dated May 28, 2026 forecasts 2026 consolidated revenue of KRW 51.4bn (+49.7% YoY) and operating profit of KRW 1.0bn (1.9% margin), projecting a possible swing from the 2025 operating loss.
The same report cautioned that for this valuation to remain justified, the autonomous module business needs to prove through results that it can move beyond one-off supply into a repeatable, stable revenue stream.
In personal mobility, subsidiary EveryBot Mobility posted about KRW 1.55bn in revenue in 2025 and roughly KRW 580mn in 1Q26 (+382.3% YoY), showing early-stage growth supported by stable demand for models eligible for national health-insurance subsidies.
The company has also stated it will cultivate an 'AI Home Care' robot business as a next growth driver, leveraging navigation and environment-recognition data accumulated from its cleaning-robot business, in partnership with firms such as CILAB and Yuracle, with plans to pursue commercialization after proof-of-concept trials at sites including Samsung Noble Life and KB Golden Life Care.
Affiliate HiCore continues to face early-stage investment and balance-sheet pressures, leaving future equity revaluation or further impairment as a variable that could affect results.
Because EveryBot's profitability has swung between profit and loss over recent years, the stock is often analyzed less through traditional earnings-based multiples and more through revenue growth and the premium or discount relative to net asset value per share.
Indeed, one company-analysis report assessed that, given the loss-making and early transition phase, a revenue-based multiple (price-to-sales) approach is more appropriate than an earnings-based one.
The shares tend to trade at a premium to net asset value per share, a pattern commonly observed among KOSDAQ robotics-themed names carrying growth expectations. The company has not paid a cash dividend through its most recent fiscal year, limiting its appeal from an income perspective.
On earnings, the company moved from profitability in 2022 into a loss-making stretch from 2023-2025, and into 2026 there are signs of core-business improvement once one-off items are excluded, with the future direction of valuation likely to hinge on whether the autonomous-module and personal-mobility businesses become repeatable revenue sources.
PER, EPS, PBR and BPS are all calculated in-house (the same method as Naver and Toss) · Dividend yield = cash dividend per share from DART filings (supplemented by KRX) ÷ current price · As of 2026-08-21
Supply of autonomous-driving modules for SK Intellix's 'NAMU X' began ramping in 4Q25 and is at an early stage of becoming a new revenue stream. This can be read as tangible evidence of a structural shift away from a pure B2C cleaning-robot model toward added B2B revenue. A full-year contribution is expected in 2026, which could support top-line growth.
Leveraging its strength of covering every category from value to premium, the company continues to launch premium new products such as ThreeSpin PRO in an effort to defend average selling prices.
Its position as the only Korean company selling cleaning robots across every category could serve as a competitive edge by widening consumer choice.
Subsidiary EveryBot Mobility has secured models eligible for national health-insurance subsidies, providing early-stage demand stability, and its 1Q26 revenue grew sharply year over year. Combined with HiCore's autonomous-driving technology, there is potential for medium-to-long-term expansion into B2B mobility.
Ongoing price competition from rivals offering feature-rich, low-cost products built on inexpensive LiDAR components has repeatedly limited operating-margin improvement even as revenue grows. This is underscored by 2025, when revenue rose 15.5% yet the operating loss widened.
Affiliate HiCore continues to face early-stage investment and balance-sheet strain, having already triggered roughly KRW 6.6bn of impairment on the equity investment in 2025. If HiCore's business does not improve promptly, further equity-value impairment cannot be ruled out.
The swing to positive owners' net profit in 2Q26 appears heavily reliant on one-off items, such as a gain on disposal of the former headquarters, rather than genuine operating improvement. Without a corresponding recovery in core profitability, net-profit volatility could persist.
Foreign competitors' products built on low-cost LiDAR components continue to enter the domestic market, sustaining structural price competition. This can constrain improvements in average selling price and operating margin even as new products are launched.
The AI autonomous-module and AI home-care robot businesses remain at an early stage, and whether they have become a repeatable, stable revenue source has not yet been sufficiently validated by results.
Without customer diversification, revenue concentration risk toward a specific client (such as SK Intellix) could increase.
The debt ratio rose sharply from 34.2% in 2023 to 75.5% in 2025, and 2025 operating cash flow turned negative at KRW -5.26bn. Combined with the possibility of further impairment on the equity-method investment, the need for balance-sheet management has increased.
A point to check whether the robot-vacuum revenue recovery continues and whether AI autonomous-module revenue proves repeatable.
Worth watching for disclosure of PoC results for the AI home-care robot at sites such as Samsung Noble Life and KB Golden Life Care, and any announced commercialization timeline.
A point to check whether sales of the 'EveryGo' new products (S300, S350) and subsidiary EveryBot Mobility's revenue growth continue.
A point to check whether the equity value in affiliate HiCore faces further impairment and whether the company achieves a full-year operating profit turnaround for FY2026.
EveryBot is at a transition point where recovery in its core mop and all-in-one robot-vacuum business is unfolding alongside expansion into new growth pillars—AI autonomous-driving modules and personal mobility.
In 2025, revenue grew 15.5% yet the operating loss widened, and an impairment on affiliate HiCore sharply inflated the net loss, highlighting a profitability weakness.
The swing to net profit in 2Q26 owes much to a one-off gain from the sale of the former headquarters building, making it difficult to read directly as a sign of core-business improvement.
On the other hand, expanded autonomous-module supply to SK Intellix and growth at the personal-mobility subsidiary provide evidence that the attempt to move beyond a B2C-only cleaning-robot structure is starting to show up in results.
Continued low-cost competition, affiliate-related risk, and balance-sheet strain remain bearish factors worth monitoring. Going forward, it will be important to track subsequent results and disclosures to confirm both the repeatability of new-business revenue and improvement in core profitability.
Report written 2026-09-05 · Data as of 2026-09-04
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