Robosense Technology (2498) Q3 2025 earnings summary

Executive summary

• Achieved record sales volume of 185,600 LiDAR units in Q3 2025, up 34.0% year-over-year and 17.3% sequentially.

• Gross margin improved to 23.9% in Q3 2025 from 17.5% in Q3 2024, driven by cost reductions and digital product adoption.

• Net loss for Q3 2025 was RMB100.0 million, a 20.2% increase year-over-year, but adjusted net loss (excluding share-based compensation) narrowed to RMB64.6 million.

• Significant expansion in design wins, reaching 144 vehicle models with 32 OEMs and Tier 1 suppliers as of November 2025.

• Major product launches and partnerships in Robotaxi, robotics, and ADAS sectors, including global collaborations and new digital LiDAR products.

Financial highlights

• Nine-month revenue reached RMB1,190.3 million, up 4.9% year-over-year.

• Gross profit for nine months was RMB300.5 million, with gross margin rising to 25.2% from 15.0% a year earlier.

• Operating loss for nine months narrowed to RMB314.4 million from RMB432.2 million year-over-year.

• Net loss for nine months was RMB248.6 million, compared to RMB350.7 million in the prior year.

• Cash and cash equivalents stood at RMB2,577.7 million as of September 30, 2025.

Outlook and guidance

• Management targets achieving profitability in Q4 2025, citing large-scale delivery of digital products and improved operational efficiency.

• Overseas business proportion expected to increase, with major orders from Asia-Pacific, Europe, and North America to be recognized over the next 1–3 years.

• Focus remains on proprietary chip development, digital architecture, and expanding robotics technology platform.