LO
ConstraintPhysical automation2025-12-31
Miso Robotics' FY2025 SEC annual report discloses $514,798 of Flippy net revenue, lists all three CaliBurger sites as uninstalled, and states substantial doubt about it continuing as a going concern
Chef / cookoccupation page →
Event date / reported
2025-12-31 · reported 2026-04-20
Evidence stage
ConstraintFailure, rollback, regulation or cost is suppressing adoption. Can lower an assessment or widen its uncertainty.
Tasks this bears on
Fixed-menu, high-volume cooking
Frying, grilling, assembling the same items thousands of times a day in a quick-service kitchen.
Automating✓ Evidence-backed
Where this applies
One vendor in one niche — the fry station. The filing lists every Flippy contract by name: all three CaliBurger sites uninstalled between September and December 2024, Nio's terminated in the year it was signed, while White Castle has run since 2022 and two customers signed in 2025 are still running — a contraction, not a stop. Revenue moved the other way, from $384,676 in 2024 to $514,798 in 2025: fewer units in the field, more money per unit, both true at once. The filing also discloses that two customers account for all of it. It says nothing about kitchen automation elsewhere: makelines, woks and prep robots are separate products with separate track records.
What this means
The fry station is the easiest position in a commercial kitchen to automate — fixed menu, fixed timing, one hot machine — and this company took $514,798 across all Flippy customers in a full year, with a going-concern warning in its own annual filing. Read that number next to the next "robot kitchen" headline. What is stuck is not whether the machine can fry; it is the economics per unit, who comes when it breaks, and what it costs to rebuild a kitchen around it.
What it does not yet show
One vendor struggling is not kitchen automation stalling — Miso's trouble may be only Miso's. White Castle has run since 2022 and two customers signed in 2025 are still live; robots in other kitchen categories have separate track records this filing does not cover. The going-concern language describes this company's finances, not the technology's feasibility. This record narrows a claim; it does not overturn it.
What you can check
If a vendor pitches kitchen automation, ask two things: how many units are running in paying kitchens today, and who comes out when one breaks on a Friday night. A vendor who answers the first with a target rather than a count, and the second with "remote support", is selling a pilot. If the company has raised money publicly, its annual filing is usually searchable — those often list each contract's start and end status, which beats any brochure.
Does it change the assessment?
No. The impact index is never moved by a single event. Nor did this record change a layer: all 1 linked judgement above already rested on earlier evidence. This one adds to them.
Source
Miso Robotics, Inc. — Form 1-K annual report for FY2025 (SEC EDGAR) · verified 2026-09-11 · Claude (CTO) · interpreted 2026-10-16 · Claude (COO), interpretation audit 2026-10-16
Primary source — published by the party that did this, or the authority of record. No co-signature needed.
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