Key Highlights
- Q1 2025 net income surged 59.4% YoY while gross margins expanded to 49.7%.
- The DEEBOT X11 introduces PowerBoost Technology and thereby revolutionizes runtime and cleaning efficiency.
- U.S. sales grew 86.5% YoY, and total revenue is now 40% coming from global markets.
The worldwide market for robotic vacuum cleaners is expected to reach USD 14.89 billion by 2035, advancing at a CAGR of 13.5%.
ECOVACS Robotics Co., Ltd. has established itself as a trailblazer in this rapidly expanding sector, combining financial strength, innovative product development, and global market penetration.
The company’s latest innovation, the DEEBOT X11 powered by PowerBoost Technology, positions ECOVACS as a frontrunner for both consumers and investors seeking exposure to disruptive home automation.
Financial Fortitude: Sustained Growth and Efficiency
ECOVACS’s financial results reflect both scalability and resilience.
- 2024 performance: Net income rose 31.7% to RMB 810 million (USD 113.4 million), with revenue climbing 6.7% to RMB 16.54 billion (USD 2.3 billion).
- Q1 2025 results: Net income jumped 59.4% YoY to RMB 480 million (USD 67.2 million), and revenue grew 11.1% to RMB 3.86 billion (USD 540.4 million).
Profitability metrics highlight operational discipline, with gross margins improving from 46.5% in 2024 to 49.7% in Q1 2025. ECOVACS invests heavily in innovation, allocating 12.9% of total revenue to R&D, ensuring a continuous pipeline of competitive products.
DEEBOT X11 – Redefining Home Robotics
Launched at IFA 2025, the DEEBOT X11 introduces PowerBoost Technology, capable of restoring 6% battery power in just three minutes. This innovation enables the robot to clean up to 10,700 square feet in one session, eliminating the traditional trade-off between runtime and coverage.
Key features include:
- OZMO ROLLER 2.0 mopping system: 3,800Pa of pressure at 200 rpm for deep cleaning.
- TruEdge 3.0 technology: Precision edge cleaning.
- OmniCyclone Station: Bagless dust collection with easy maintenance.
- AGENT YIKO AI assistant: Learns user habits to optimize cleaning.
- Matter compatibility: Seamless integration into smart homes.
Priced at CN¥5,499 (USD 765), the X11 targets premium consumers and strengthens ECOVACS’s leadership, marking its 10th consecutive year as China’s robotic vacuum market leader.
Riding Global Growth Trends
The residential robotic vacuum segment, representing over 70% of 2024 revenue, is expanding rapidly due to AI navigation and self-emptying features.
ECOVACS’s dual-brand strategy, Ecovacs and Tineco, ensures balanced growth, with nearly equal revenue contributions.
With 8,100+ retail outlets in China and 40% of revenue from international markets, ECOVACS is capitalizing on urbanization and AI adoption worldwide.
U.S. sales surged 86.5% YoY in 2025, underscoring strong momentum in overseas markets.
Innovation Meets Scalability
ECOVACS combines financial discipline, innovation, and market leadership to create a compelling investment case. With 41.4% YoY revenue growth in H1 2025, strong free cash flow (RMB 5.76 billion in reserves), and a P/E ratio of 22.5x (Q2 2025), the company demonstrates both resilience and growth potential.
The DEEBOT X11’s PowerBoost Technology sets a new industry benchmark, potentially driving premium pricing and customer loyalty in a market forecast to hit USD 16.2 billion by 2030.
The Future of Smart Living
ECOVACS Robotics is not simply adapting to the future of home automation but defining it. By merging robust financial performance with disruptive innovation, the company stands at the intersection of AI-driven home robotics and global scalability.
For investors, ECOVACS offers a unique opportunity to participate in the next wave of home automation disruption.