iRobot Class Action Lawsuit Filed Over Alleged Securities Fraud.

Bragar Eagel & Squire, a law firm, has filed a class action lawsuit against iRobot Corporation (IRBT) on behalf of investors who purchased or acquired iRobot securities between January 29, 2024 and March 11, 2025. The lawsuit alleges that iRobot made false or misleading statements during the Class Period, and investors have until September 5, 2025 to apply to the Court to be appointed as lead plaintiff.

New York, NY – Bragar Eagel & Squire, P.C., a nationally recognized law firm, has filed a class action lawsuit against iRobot Corporation (IRBT) on behalf of investors who purchased or acquired iRobot securities between January 29, 2024 and March 11, 2025. The lawsuit alleges that iRobot made false or misleading statements during the Class Period, and investors have until September 5, 2025 to apply to the Court to be appointed as lead plaintiff.

The complaint, filed in the United States District Court for the Southern District of New York, alleges that iRobot overstated the extent to which its restructuring plan would help the company maintain stability after the termination of the Amazon Acquisition. It also claims that as a result, iRobot was unlikely to be able to profitably operate as a standalone company, raising substantial doubt about the company's ability to continue as a going concern. These statements were deemed materially false and misleading by the lawsuit.

On March 12, 2025, iRobot issued a press release reporting its fourth quarter and full year 2024 financial results. The company reported a loss of $2.06 per share on revenue of $172 million, representing a 44% year-over-year decline. iRobot also cautioned investors that there was substantial doubt about the company's ability to continue as a going concern for at least 12 months from the date of the issuance of its consolidated 2024 financial statements. This announcement led to a significant drop in iRobot's stock price, falling $3.255 per share, or 51.58%, over the following two trading sessions.

Market analysts have been critical of iRobot's recent performance. For example, an analyst from Seeking Alpha downgraded iRobot to a sell rating due to a bleak outlook, stating that the company's business prospects had deteriorated significantly since the Amazon acquisition fell through, leading to massive layoffs and growing losses. The Motley Fool also reported that iRobot's costly restructuring efforts had yet to yield stability.

Investors who suffered losses on their iRobot investments during the relevant time frame are encouraged to contact Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648 to discuss their legal rights. There is no cost or obligation to participate.

References
1. [1] https://www.globenewswire.com/news-release/2025/08/26/3139285/0/en/IROBOT-ALERT-Bragar-Eagel-Squire-P-C-Reminds-Investors-in-IRobot-IRBT-of-the-Class-Action-Lawsuit-and-Encourages-Investors-to-Inquire-About-Their-Rights.html
2. [2] https://www.morningstar.com/news/pr-newswire/20250829la61730/irobot-corporation-irbt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit
3. [3] https://www.morningstar.com/news/pr-newswire/20250826ny58450/levi-korsinsky-reminds-irobot-corporation-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-september-5-2025-irbt