Symbotic Inc. is an American robotics warehouse automation company based in Wilmington, Massachusetts. The company builds and operates automated warehouse systems for clients in the United States and Canada, using artificial intelligence in its software. The software is used by 1,400 stores, with customers in the grocery, retail and wholesale industries, including C&S Wholesale Grocers, Albertsons, Giant Tiger, Target, and Walmart.3Wikipedia text CC BY-SA 4.0
Revenue1011126$2.2B in 2025+2340% since 2020Gross profit1011126$422.6M in 2025Operating income1013126-$115.0M in 2025+4% since 2020Net income1013126-$16.9M in 2025−85% since 2020
Revenue141516$720.8M in Q3 FY2026+14% since Q1 FY2025Gross profit141516$160.9M in Q3 FY2026+21% since Q1 FY2025Operating income141516$32.9M in Q3 FY2026+404% since Q1 FY2025Net income141516$11.7M in Q3 FY2026+349% since Q1 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
Total revenue
$2.2B
$1.8B
$1.2B
Total cost of revenue
$1.8B
$1.5B
$987.2M
Gross profit
$422.6M
$245.7M
$189.7M
Research and development expenses
$216.0M
$173.5M
$195.0M
Selling, general, and administrative expenses
$298.7M
$188.9M
$217.9M
Restructuring charges
$22.9M
$0
$0
Total operating expenses
$537.6M
$362.4M
$413.0M
Operating loss
-$115.0M
-$116.7M
-$223.2M
Other income, net
$36.1M
$37.0M
$10.7M
Loss before income tax and equity method investment
-$78.9M
-$79.7M
-$212.5M
Income tax benefit (expense)
$1.6M
-$4.2M
$4.6M
Loss from equity method investment
-$13.7M
-$777.0K
$0
Net loss
-$91.0M
-$84.7M
-$207.9M
Net loss attributable to noncontrolling interests
-$74.1M
-$71.2M
-$184.0M
Net loss attributable to common stockholders
-$16.9M
-$13.5M
-$23.9M
Basic (in dollars per share)
-$0.16
-$0.14
-$0.37
Diluted (in dollars per share)
-$0.16
-$0.14
-$0.37
Basic (in shares)
108.7M shares
95.7M shares
64.3M shares
Diluted (in shares)
108.7M shares
95.7M shares
64.3M shares
No quarter-by-quarter statement was filed.
Total assets1311126$2.4B in 2025+1806615% since 2020Total liabilities1311126$1.9B in 2025+1513102% since 2020Shareholders’ equity101311126$221.3M in 2025Cash101113126$1.2B in 2025+1310% since 2019
Total assets141516$3.5B in Q3 FY2026+47% since Q1 FY2025Total liabilities141516$2.4B in Q3 FY2026+25% since Q1 FY2025Shareholders’ equity141516$708.8M in Q3 FY2026+222% since Q1 FY2025Cash141516$1.7B in Q3 FY2026+40% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
2022-09-30
Cash and cash equivalents
$1.2B
$727.3M
$258.8M
Accounts receivable
$186.7M
$201.5M
Unbilled accounts receivable
$181.7M
$218.2M
$121.1M
Inventories
$164.4M
$106.1M
Deferred expenses
$20.5M
$1.1M
Prepaid expenses and other current assets
$92.0M
$101.3M
Total current assets
$1.9B
$1.4B
Property and equipment, net
$117.6M
$97.1M
Intangible assets, net
$79.1M
$3.7M
Equity method investment
$123.0M
$81.3M
Other assets
$131.2M
$41.0M
Total assets
$2.4B
$1.6B
Accounts payable
$286.7M
$175.2M
Accrued expenses and other current liabilities
$200.4M
$165.6M
Deferred revenue
$1.2B
$676.3M
Total current liabilities
$1.7B
$1.0B
Deferred revenue
$124.9M
$129.2M
Other liabilities
$63.6M
$42.0M
Total liabilities
$1.9B
$1.2B
Additional paid-in capital
$1.6B
$1.5B
Accumulated deficit
-$1.3B
-$1.3B
Accumulated other comprehensive loss
-$2.7M
-$2.6M
Total stockholders' equity
$221.3M
$197.2M
Noncontrolling interest
$261.9M
$192.9M
Total equity
$483.2M
$390.1M
-$2.7M
$68.9M
Total liabilities and equity
$2.4B
$1.6B
Common stock, outstanding (in shares)
590.9M shares
586.0M shares
556.6M shares
Goodwill
$59.9M
$0
Period ending
2025-09-30
2024-09-30
2023-09-30
2022-09-30
Cash and cash equivalents
$1.2B
$727.3M
$258.8M
Accounts receivable
$186.7M
$201.5M
Unbilled accounts receivable
$181.7M
$218.2M
$121.1M
Inventories
$164.4M
$106.1M
Deferred expenses
$20.5M
$1.1M
Prepaid expenses and other current assets
$92.0M
$101.3M
Total current assets
$1.9B
$1.4B
Property and equipment, net
$117.6M
$97.1M
Intangible assets, net
$79.1M
$3.7M
Equity method investment
$123.0M
$81.3M
Other assets
$131.2M
$41.0M
Total assets
$2.4B
$1.6B
Accounts payable
$286.7M
$175.2M
Accrued expenses and other current liabilities
$200.4M
$165.6M
Deferred revenue
$1.2B
$676.3M
Total current liabilities
$1.7B
$1.0B
Deferred revenue
$124.9M
$129.2M
Other liabilities
$63.6M
$42.0M
Total liabilities
$1.9B
$1.2B
Additional paid-in capital
$1.6B
$1.5B
Accumulated deficit
-$1.3B
-$1.3B
Accumulated other comprehensive loss
-$2.7M
-$2.6M
Total stockholders' equity
$221.3M
$197.2M
Noncontrolling interest
$261.9M
$192.9M
Total equity
$483.2M
$390.1M
-$2.7M
$68.9M
Total liabilities and equity
$2.4B
$1.6B
Common stock, outstanding (in shares)
590.9M shares
586.0M shares
556.6M shares
Goodwill
$59.9M
$0
Cash from operations1013126$866.9M in 2025Capital spending101112$42.2M in 2024+733% since 2020Free cash flow1013126-$100.3M in 2024−22% since 2020
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
Net loss
-$91.0M
-$84.7M
-$207.9M
Depreciation and amortization
$39.6M
$20.8M
$9.5M
Amortization of leases
$4.5M
$2.6M
$1.8M
Restructuring of leases
$3.5M
$0
$0
Loss from equity method investment
$13.7M
$777.0K
$0
Foreign currency gains
-$33.0K
-$8.0K
-$3.0K
Gain on investments
$0
-$10.1M
$0
Loss on disposal of assets
$264.0K
$337.0K
$2.9M
Provision for excess and obsolete inventory
$7.1M
$33.3M
$22.3M
Deferred taxes, net
-$4.2M
$3.9M
-$4.6M
Stock-based compensation
$183.9M
$112.2M
$154.2M
Gain from strategic investment fair value adjustment
-$4.5M
$0
$0
Accounts receivable
$15.1M
-$132.3M
-$65.8M
Inventories
-$58.9M
$103.0K
-$66.4M
Prepaid expenses and other current assets
$70.4M
-$112.0M
-$78.9M
Deferred expenses
$22.0M
-$4.9M
-$5.4M
Other assets
$8.7M
-$9.0M
-$18.6M
Accounts payable
$96.9M
$65.3M
$41.4M
Accrued expenses and other current liabilities
$10.4M
$38.5M
$64.7M
Deferred revenue
$606.4M
$18.3M
$361.5M
Acquisition-related consideration paid to customer
-$45.0M
$0
$0
Other liabilities
-$11.9M
-$1.2M
$20.1M
Net cash provided by (used in) operating activities
$866.9M
-$58.1M
$230.8M
Purchases of property and equipment and capitalization of internal use software development costs
-$79.0M
-$44.4M
-$21.3M
Acquisitions of strategic investments
-$129.9M
-$90.5M
$0
Cash paid for business acquisitions
-$141.8M
$0
$0
Proceeds from sale of assets
$0
$0
$71.0K
Proceeds from maturities of marketable securities
$0
$340.0M
$130.0M
Purchases of marketable securities
$0
-$48.7M
-$408.2M
Net cash provided by (used in) investing activities
-$350.7M
$156.5M
-$299.5M
Payment for taxes related to net share settlement of stock-based compensation awards
-$3.0M
-$3.2M
-$26.7M
Net proceeds from issuance of common stock under employee stock purchase plan
$4.9M
$5.7M
$2.6M
Proceeds from issuance of Class A Common Stock
$0
$258.0M
$0
Proceeds from exercise of warrants
$0
$158.7M
$0
Distributions to or on behalf of Symbotic Holdings LLC partners
-$1.2M
-$48.2M
$0
Net cash provided by (used in) financing activities
$668.0K
$371.0M
-$24.1M
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-$26.0K
-$4.0K
$232.0K
Net increase (decrease) in cash, cash equivalents, and restricted cash
$516.8M
$469.4M
-$92.5M
Operating lease right-of-use assets obtained in exchange for operating lease liabilities
$13.1M
$5.8M
$8.7M
Transfer of inventories to property and equipment
$8.0M
$38.5M
$0
Transfer of equipment from property and equipment to deferred expenses
$41.5M
$0
$0
Transfer of equipment from property and equipment to other assets
Symbotic sits at the top of its group. 12 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Symbotic
WalmartFiled SCHEDULE 13D/A on Symbotic, latest Aug 7, 2026 (5 filings since Jun 21, 2022)
SOFTBANK GROUP CORP.Filed SCHEDULE 13D/A on Symbotic, latest May 29, 2026 (3 filings since Jul 25, 2023)
David A. Ladensohn Filed SCHEDULE 13D/A on Symbotic, latest May 19, 2026 (5 filings since Jun 17, 2022)
Ronald M. Wright Filed SCHEDULE 13D on Symbotic, latest May 19, 2026
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Symbotic, latest Mar 27, 2026 (2 filings since Jan 30, 2026)
BAILLIE GIFFORD & COFiled SCHEDULE 13G/A on Symbotic, latest Feb 9, 2026 (4 filings since May 10, 2024)
Richard B. Cohen Filed SCHEDULE 13D/A on Symbotic, latest Sep 22, 2025 (7 filings since Jun 17, 2022)
Enico Enterprise Holding ULC Subsidiary · British Columbia, Canada
Symbotic Canada ULC Subsidiary · British Columbia, Canada
Symbotic Group Holdings, ULC Subsidiary · British Columbia, Canada
Symbotic Holdings LLC Subsidiary · Delaware, United States
Symbotic Mexico S. de. R.L. de C.V. Subsidiary · Mexico
Symbotic Systems UK Ltd. Subsidiary · United Kingdom
Symbotic Vietnam Company Limited Subsidiary · Vietnam
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Symbotic reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of September 27, 2025, our material leased facilities are summarized below. We believe that our leased space is adequate for our current needs and, should we need additional space, we believe we will be able to obtain additional space on commercially reasonable terms.
The company was founded in 2007 as CasePick Systems. In January 2012, the company was renamed Symbotic.
In 2014, Target adopted Symbotic's technology rather than building a new distribution center in Woodland, California.
In 2017, Symbotic began working with Walmart at their distribution center in Brooksville, Florida, where the company's automated technology was deployed to sort, store, retrieve and pack freight onto pallets. In the same year, the company also began working with Albertsons.
In July 2021, Walmart began introducing Symbotic robots to 25 additional regional distribution centers.
In December 2021, the company announced it was going public through a merger with SVF Investment Corp. 3, a special-purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers.
Symbotic's autonomous robots can travel up to 25 miles per hour, move up and down, and drop off or retrieve one case of products per minute. In contrast with other automation systems, the robots are untethered rather than bolted down or limited to fixed routes.
Nov 27, 2024Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
736 filings to the SEC since October 2021: 5 annual reports, 21 quarterly reports, 47 major events, 319 insider forms, 42 large holders, 302 other. The latest 20:
198 open-market trades by officers, directors and large owners since October 2021: 2 buys and 196 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Nov 24, 2025 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Symbotic names in Item 1A of its 10-K filed Nov 24, 2025: 59 risks under these headings, as written.17
Risks Related to Our Business, Operations and Industry
Unless the context otherwise requires, all references in this section to “we,” “us” and “our” refer to Symbotic.
We are a growing company with a limited operating history and a history of losses. We have not been profitable historically and we may not achieve or maintain profitability in the near term or at all, and it is difficult to evaluate our future prospects and the risks and challenges we may encounter.
We depend heavily on our larger customers, and therefore, our success is heavily dependent on their ability to grow their businesses and their adoption of our systems.
C&S Wholesale Grocers, an important customer, is our affiliate. Despite our affiliation with C&S Wholesale Grocers, there is no guarantee that it will continue to be a customer beyond the term of its current contracts with us.
We may fail to realize anticipated benefits of the GreenBox joint venture, or it may disrupt our ongoing operations or result in operating difficulties, liabilities and expenses, harm our business, and negatively impact our results of operations.
Our operating results and financial condition may fluctuate from period to period, which could make our future operating results difficult to predict or cause our operating results to fall below analysts’ and investors’ expectations.
Complex technology will need to be developed and implemented, both in-house and in coordination with our vendors and suppliers, for us to successfully produce and integrate our systems with our customers’ existing warehouses, and there can be no assurance that they will be successfully developed and implemented.
Our systems may not be successful or meet existing or future requirements in customer agreements with existing or future customers.
The markets in which we participate are competitive. Many companies, including large retail and e-commerce companies, companies that offer point solutions or other comprehensive or specific supply chain functionalities and other companies that focus on automated technologies, may target the markets in which we do business. Additionally, our customers and potential customers may develop in-house solutions that compete with our systems. If we are unable to compete effectively, our sales and profitability could be adversely affected.
If we are unable to develop new solutions, adapt to technological change, sell our systems, services and software into new markets or further penetrate our existing markets, our revenue may not grow as expected.
Failure to manage our growth effectively could make it difficult to execute our business strategy and could adversely affect our business, financial condition and results of operations.
The other 48 risks
Inflation, tariffs, customs duties and other increases in manufacturing and operating costs could adversely affect our cash flow as well as our business, financial condition and results of operations.
We rely on suppliers to provide equipment, components and services. Any disruption to our supply chain could adversely affect our business, financial condition and results of operations.
Certain of our supply agreements allow the supplier to terminate the agreement upon notice for any reason or no reason. This termination right could disrupt our operations, negatively impact our reputation and adversely affect our business, financial condition and results of operations.
Our systems, services and software may be affected from time to time by design and manufacturing defects that could adversely affect our business, financial condition and results of operations and result in harm to our reputation.
If we fail to adapt and respond effectively to rapidly changing technology, evolving industry standards and changing business needs, requirements or preferences, our systems may become less competitive.
We may experience risks associated with future mergers, acquisitions or dispositions of businesses or assets or other strategic transactions or joint ventures.
We rely on senior management, technical experts, and other highly qualified personnel, including hardware and software engineers, and will need to hire and train additional personnel.
Our financial performance is subject to risks of foreign exchange fluctuation, which could result in foreign exchange losses.
Our customer agreements allocate certain liabilities to us. The occurrence of such liability could disrupt our business or result in liability.
We may need to raise additional capital, and this capital may not be available on terms favorable to us, or at all, when needed.
If demand for our systems does not grow as we expect, or if market adoption of A.I.-powered robotics and supply chain automation solutions does not continue to develop, or develops slower than we expect, our future revenue may stagnate or decline and our business may be adversely affected.
Laws and regulations governing robotics and supply chain automation industries are still developing and may restrict our business or increase the costs of our systems, making our systems less competitive or adversely affecting our revenue growth.
Our facilities are subject to various compliance requirements, including those of OSHA and other workplace safety agencies, and compliance costs could increase as we scale our systems.
Supply chain interruptions may increase our costs or reduce our revenue.
Risks Related to Intellectual Property
We may need to bring, or defend ourselves against, IP infringement or misappropriation claims, which may adversely affect our business, financial condition and results of operations by limiting our ability to use certain IP and causing us to incur substantial costs.
Our business, financial condition and results of operations may be adversely affected and the value of our brand, systems and other intangible assets may be diminished if we are unable to maintain and protect our IP (including maintaining the confidentiality and control of our proprietary source code) from unauthorized use, infringement or misappropriation by third parties.
Our software contains third-party open-source software components. Certain use of such open-source components with our proprietary software could adversely affect our ability to charge fees for, or otherwise protect the value of, our solution.
Our patent applications may not issue or, if issued, may not provide sufficient protection, which may adversely affect our ability to prevent others from commercially exploiting products similar to ours.
Risks Related to Cybersecurity, Software Deficiencies, Service Interruptions and Data Privacy
We have experienced cybersecurity incidents in the past and may experience further cybersecurity incidents or security breaches of our IT or OT in the future, which may result in systems disruption, shutdown, unauthorized access to or disclosure of confidential or personal information.
Our ability to efficiently manage and expand our business depends significantly on the reliability, capacity and protection of our IT. Real or perceived failures or security breaches of our IT could disrupt our operations, lead to loss of proprietary information, damage our relationships with customers, result in regulatory investigations and penalties, lead to liability, negatively impact our reputation and otherwise adversely affect our business, financial condition and results of operations.
A breach of our IT that results in unauthorized access to personal information could require us to notify affected employees, customers and other persons (including governmental organizations) and lead to lawsuits and investigations alleging breaches of applicable laws or regulations.
We depend and rely upon technologies from third parties (including cloud-based technologies) to operate our business, and interruptions of, or performance or security problems with, these technologies or the termination of relationships with the providers of these technologies may adversely affect our business, financial condition and results of operations.
Real or perceived errors, failures, bugs or defects in our IT could adversely lead to liability and litigation, disrupt our operations and could negatively impact our reputation and otherwise adversely affect our business, financial condition and results of operations.
Our business requires the collection, use, handling, processing, transfer and storage of employee and customer data, and such activities may be regulated by third-party agreements, our own privacy policies and certain federal, state and foreign laws and regulations.
Risks Related to Ownership of Our Common Stock
Our common stock price may be volatile or may decline regardless of our operating performance; you may lose some or all of your investment.
We are party to pending litigation, and we may be subject to future litigation in the operation of our business. An adverse outcome in one or more proceedings could adversely affect our business.
We have been, and may be in the future, the subject of governmental and regulatory investigations and inquiries, legal proceedings and enforcement actions with respect to the operation of our businesses. Any such investigation, inquiry, proceeding or action could adversely affect our business.
We do not intend to pay dividends on our common stock for the foreseeable future.
If securities analysts do not publish research or reports about us, or if they issue unfavorable commentary about us or our industry or downgrade our common stock, the price of our common stock could decline.
Our issuance of additional shares of common stock or convertible securities could make it difficult for another company to acquire us, may dilute your ownership of us and could adversely affect our stock price.
Future sales, or the perception of future sales, of our common stock by us or our stockholders in the public market could cause the market price for our common stock to decline.
Anti-takeover provisions in our Charter and Bylaws and under Delaware law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
Our Charter provides that the courts located in the State of Delaware will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Risks Related to Being a Public Company
We have incurred and will continue to incur increased costs as a result of operating as a public company, and our management continues to devote substantial time to compliance initiatives.
Some members of our management have limited experience in operating a public company.
Risks Related to Our Organizational Structure
The multi class structure of our common stock has the effect of concentrating voting control with our founder, certain family members of our founder and certain affiliated entities and trusts of our founder and his family members; this will limit or preclude your ability to influence our corporate matters.
Our multi-class capital structure may render our shares ineligible for inclusion in certain stock market indices, which could adversely affect the share price and liquidity of our common stock.
We share certain key executives with C&S Wholesale Grocers, an important customer, which means those executives will not devote their full time and attention to our affairs, and the overlap may give rise to conflicts.
Our overlapping executive officers and directors with C&S Wholesale Grocers may result in the diversion of corporate opportunities to C&S Wholesale Grocers and other conflicts, and provisions in our Charter may provide us no remedy in those circumstances.
Our only principal asset is our interest in New Symbotic Holdings, and accordingly, we will depend on distributions from New Symbotic Holdings to pay taxes, make payments under the tax receivable agreement (“TRA”) and cover our corporate and other overhead expenses.
Pursuant to the TRA, we are required to make payments to equity holders of New Symbotic Holdings for certain tax benefits we may claim, and those payments may be substantial.
In certain cases, payments under the TRA may exceed the actual tax benefits we realize or be accelerated.
If New Symbotic Holdings were to become a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, we and New Symbotic Holdings might be subject to potentially significant tax inefficiencies, and we would not be able to recover payments previously made by us under the TRA even if the corresponding tax benefits were subsequently determined to have been unavailable due to such status.
We implemented a new enterprise resource planning (“ERP”) system, and challenges with the implementation of the system may impact our business and operations.
Our business, financial condition, results of operations and cash flows could be significantly hindered by the occurrence of a natural disaster, terrorist attack or other catastrophic event. We also face risks related to health pandemics or epidemics, such COVID-19, which could adversely affect our business, financial condition and results of operations.
We are subject to U.S. and foreign anti-corruption and anti-money laundering laws and regulations and could face criminal liability and other serious consequences for violations, which could adversely affect our business, financial condition and results of operations.
Changes to applicable tax laws and regulations, exposure to additional income tax liabilities or unfavorable outcomes in tax audits could harm our future profitability or otherwise adversely affect our business, financial condition and results of operations.
Legal proceedings
We are subject from time to time to various claims, lawsuits and other legal and administrative proceedings (including those described below). Some of these claims, lawsuits and other proceedings may involve highly complex issues that are subject to substantial uncertainties, and could result in damages, fines and penalties, non-monetary sanctions or other relief.
We intend to recognize provisions for claims or pending litigation when we determine that an unfavorable outcome is probable, and the amount of loss can be reasonably estimated. Due to the inherent uncertain nature of litigation, the ultimate outcome or actual cost of settlement may materially vary from estimates. For additional information, see “Risk Factors – Risks Related to Our Common Stock - We are party to pending litigation, and we may be subject to future litigation in the operation of our business. An adverse outcome in one or more proceedings could adversely affect our business.”
