iRobot Stock Crashes Over 80% as Chapter 11 Filing Paves Way for Picea Robotics Deal

On December 15, 2025, iRobot shares sank more than 80% in premarket trading to $0.7648 after the Roomba maker filed for Chapter 11 bankruptcy in Delaware. The company plans to restructure under a court-supervised process that would hand 100% of its equity to primary manufacturer Picea Robotics while canceling roughly $264 million in debt. Despite holding substantial U.S. and Japanese market share, iRobot's finances were strained by tariffs, competition and a terminated $1.4 billion takeover agreement.