Dexory's revenue soars to £3.15m—but losses nearly double in 2025
Dexory, a warehouse robotics company, has reported a sharp rise in turnover alongside growing losses. The firm's revenue climbed to £3.15m for the year ending March 2025, up from £615,797 the previous year. However, pre-tax losses also widened to £22.5m, nearly double the prior year's figure of £12m. The company's expansion played a key role in its financial performance. By March 2025, Dexory had 150 active customer sites and 200 contracts across Europe, North America, and Asia-Pacific. A new US headquarters in Nashville marked its push into the American market.
Revenue growth came from both new clients and expanded deals with existing ones. The firm's robots, which scan warehouses in real time, have now collected over a billion location scans. This data feeds into Dexory's platform, helping businesses track inventory and cut errors. Despite the revenue jump, costs rose sharply. Administrative expenses more than doubled, reaching £25.1m compared to £12.8m the year before. Auditors also flagged concerns about stock quantity records in the company's financial statements. On a brighter note, Dexory secured £8.5m from the British Business Bank as part of a Series C funding round, boosting its cash reserves to £20.4m by year-end.
The company now operates in multiple regions with a growing customer base. Its robots continue to gather vast amounts of warehouse data, supporting real-time inventory management. Yet, rising losses and auditor warnings highlight ongoing financial challenges.
