South Korean Physical AI Firm Makinarocks: Q3 Revenue Up 214% YoY, 9-Month Total Exceeds Last Year's Full-Year
South Korean physical AI startup Makinarocks reported that its Q3 revenue grew 214% year-over-year, with nine-month cumulative sales surpassing last year's full-year total, indicating accelerated order conversion.
South Korean physical artificial intelligence (Physical AI) startup Makinarocks disclosed financial data on November 13, 2026, showing a significant acceleration in its commercialization process. The company's consolidated revenue for the third quarter reached 7.2 billion KRW, a 214% increase from 2.3 billion KRW in the same period last year, and an 81% rise from 4.0 billion KRW in the previous quarter. This single-quarter performance marked a historical high.
A more critical metric is the breakthrough in cumulative revenue. Sales from January to September totaled 14.3 billion KRW, not only growing 190% from 4.9 billion KRW in the same period last year but also exceeding the full-year total of 11.5 billion KRW recorded last year. The company explained that a series of customer orders expanded in the first half began to be formally recognized as revenue in the third quarter, driving the increased growth margin.
Although still operating at a loss, the profitability structure has improved. Cumulative net losses for the first three quarters stood at 8.3 billion KRW, a 41% reduction from 14.0 billion KRW in the same period last year. The operating loss ratio dropped from 173% to 61%, primarily due to revenue growth (190%) far outpacing the increase in operating costs (70%). Makinarocks CEO Yoon Sung-ho stated that the company aims to prove that physical AI growth can translate into visible revenue.