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    Symbotic Reports Second Quarter Fiscal Year 2025 Results

    5/7/25 4:00:00 PM ET
    $SYM
    Industrial Machinery/Components
    Industrials
    Get the next $SYM alert in real time by email

    WILMINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second quarter of fiscal year 2025, which ended on March 29, 2025. Symbotic posted revenue of $550 million, a net loss of $21 million and adjusted EBITDA1 of $35 million for the second quarter of fiscal year 2025.

    By comparison, in the second quarter of fiscal year 2024, Symbotic had revenue of $393 million, a net loss of $55 million and adjusted EBITDA1 of $9 million.

    Cash and cash equivalents increased by $52 million from the prior quarter to $955 million at the end of the second quarter of fiscal year 2025.

    "Our execution has improved, and our margins expanded," said Symbotic Chairman and Chief Executive Officer Rick Cohen. "With stronger project execution and a compelling roadmap of product innovation, we remain well-positioned to deliver increasing value to our stakeholders."

    "Second quarter revenue grew by 40% year-over-year, and we delivered a record number of system starts and completes," said Symbotic Chief Financial Officer, Carol Hibbard. "Looking forward, we remain committed to delivering improved execution while investing to support our future growth and innovation."

    OUTLOOK

    For the third quarter of fiscal 2025, Symbotic expects revenue of $520 million to $540 million, and adjusted EBITDA2 of $26 million to $30 million.

    WEBCAST INFORMATION

    Symbotic will host a webcast today at 5:00 pm ET to discuss its second quarter of fiscal year 2025 results. The webcast link is: https://edge.media-server.com/mmc/go/Symbotic-Q2-2025.

    ABOUT SYMBOTIC

    Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com. 

    USE OF NON-GAAP FINANCIAL INFORMATION

    Symbotic reports its financial results in accordance with Generally Accepted Accounting Principles in the United States ("U.S. GAAP"). This press release contains financial measures that are not recognized under U.S. GAAP ("non-GAAP financial measures"), including adjusted EBITDA, adjusted gross profit, adjusted gross profit margin, and free cash flow. These non-GAAP financial measures have limitations as an analytical tool as they do not have a standardized meaning prescribed by U.S. GAAP. The non-GAAP financial measures Symbotic uses may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies and, therefore, are unlikely to be comparable to similar measures presented by other companies. Rather, these non-GAAP financial measures are provided as a supplement to corresponding U.S. GAAP measures to provide additional information regarding the results of operations from management's perspective. Accordingly, non-GAAP financial measures should not be considered a substitute for, in isolation from, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. All non-GAAP financial measures presented in this press release are reconciled to their closest reported U.S. GAAP financial measures. Symbotic recommends that investors review the reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures provided in the financial statement tables included below in this press release, and not rely on any single financial measure to evaluate its business.

    Symbotic defines adjusted EBITDA, a non-GAAP financial measure, as GAAP net loss excluding the following items: interest income; income taxes; depreciation and amortization of tangible and intangible assets; stock-based compensation; business combination transaction expenses; equity method investment; internal control remediation; business transformation costs; fair value adjustments on strategic investments; restructuring charges; joint venture formation fees; equity financing transaction costs; and other infrequent items that may arise from time to time. Symbotic defines adjusted gross profit, a non-GAAP financial measure, as GAAP gross profit excluding the following items: depreciation, stock-based compensation, and restructuring charges. Symbotic defines adjusted gross profit margin, a non-GAAP financial measure, as adjusted gross profit divided by revenue. Symbotic defines free cash flow, a non-GAAP financial measure, as net cash provided by or used in operating activities less purchases of property and equipment and capitalization of internal use software development costs. In addition to Symbotic's financial results determined in accordance with U.S. GAAP, Symbotic believes that adjusted EBITDA, adjusted gross profit, adjusted gross profit margin, and free cash flow non-GAAP financial measures, are useful in evaluating the performance of Symbotic's business because they highlight trends in its core business.

    FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, Symbotic's expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning our possible or assumed future actions, business strategies, events, backlog or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates" or "intends" or similar expressions.

    Forward-looking statements include, but are not limited to, statements about the ability of or expectations regarding Symbotic to:

    • meet the technical requirements of existing or future supply agreements with its customers, including with respect to existing backlog;
    • expand its target customer base and maintain its existing customer base;
    • realize the benefits expected from the acquisition of Walmart's Advanced Systems and Robotics business, the GreenBox joint venture, the Commercial Agreement with GreenBox, Symbotic's acquisitions of developed technology intangible assets, and the commercial agreement with Walmart de México y Centroamérica;
    • realize its outlook, including its system gross margin;
    • anticipate industry trends;
    • maintain and enhance its system;
    • maintain the listing of the Symbotic Class A Common Stock on Nasdaq;
    • execute its growth strategy;
    • develop, design and sell systems that are differentiated from those of competitors;
    • execute its research and development strategy;
    • acquire, maintain, protect and enforce intellectual property;
    • attract, train and retain effective officers, key employees or directors;
    • comply with laws and regulations applicable to its business;
    • stay abreast of modified or new laws and regulations applying to its business;
    • successfully defend litigation;
    • issue equity securities in connection with future transactions;
    • meet future liquidity requirements and, if applicable, comply with restrictive covenants related to long-term indebtedness;
    • timely and effectively remediate any material weaknesses in its internal control over financial reporting;
    • anticipate rapid technological changes; and
    • effectively respond to general economic and business conditions.

    Forward-looking statements also include, but are not limited to, statements with respect to:

    • the future performance of Symbotic's business and operations;
    • expectations regarding revenues, expenses, adjusted EBITDA and anticipated cash needs;
    • expectations regarding cash flow, liquidity and sources of funding;
    • expectations regarding capital expenditures;
    • the anticipated benefits of Symbotic's leadership structure;
    • the effects of pending and future legislation, regulation and trade practices, including tariffs;
    • business disruption;
    • disruption to the business due to Symbotic's dependency on certain customers;
    • increasing competition in the warehouse automation industry;
    • any delays in the design, production or launch of Symbotic's systems and products;
    • the failure to meet customers' requirements under existing or future contracts or customer's expectations as to price or pricing structure;           
    • any defects in new products or enhancements to existing products;
    • the fluctuation of operating results from period to period due to a number of factors, including the pace of customer adoption of Symbotic's new products and services and any changes in its product mix that shift too far into lower gross margin products; and
    • any consequences associated with joint ventures and legislative and regulatory actions and reforms.

    Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in Symbotic's Annual Report on Form 10-K for the fiscal year ended September 28, 2024, filed with the U.S. Securities and Exchange Commission (the "SEC") on December 4, 2024. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are expressed in good faith, and Symbotic believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements are provided for the purposes of assisting the reader in understanding our financial performance, financial position and cash flows as of and for periods ended on certain dates and to present information about management's current expectations and plans relating to the future, and the reader is cautioned not to place undue reliance on these forward-looking statements because of their inherent uncertainty and to appreciate the limited purposes for which they are being used by management. While we believe that the assumptions and expectations reflected in the forward-looking statements are reasonable based on information currently available to management, there is no assurance that such assumptions and expectations will prove to have been correct. Forward-looking statements speak only as of the date they are made and are based on the beliefs, estimates, expectations and opinions of management on that date. Symbotic is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that Symbotic has filed or will file from time to time with the SEC.

    In addition to factors previously disclosed in Symbotic's Annual Report on Form 10-K for the fiscal year ended September 28, 2024 filed with the SEC on December 4, 2024 and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: failure to realize the benefits expected from the acquisition of Walmart's Advanced Systems and Robotics business and risks related to the acquisition.

    Any financial projections in this press release or discussed in the webcast are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Symbotic's control. While all projections are necessarily speculative, Symbotic believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this communication should not be regarded as an indication that Symbotic, or its representatives, considered or considers the projections to be a reliable prediction of future events.

    Annualized, projected and estimated numbers are not forecasts and may not reflect actual results.

    This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Symbotic and is not intended to form the basis of an investment decision in Symbotic. The forward-looking statements contained in this press release and other reports we file with, or furnish to, the SEC and other regulatory agencies and made by our directors, officers, other employees and other persons authorized to speak on our behalf are expressly qualified in their entirety by these cautionary statements.

    INVESTOR RELATIONS CONTACT

    Charlie Anderson

    Vice President, Investor Relations & Corporate Development

    [email protected]

    MEDIA INQUIRIES

    [email protected]

    Symbotic Inc. and Subsidiaries

    Consolidated Statements of Operations
     
     Three Months Ended Six Months Ended
     (in thousands, except share and per share information)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
    Revenue:         
    Systems$513,372  $464,059  $370,693  $977,431  $718,398 
    Software maintenance and support 6,685   5,525   2,566   12,210   4,735 
    Operation services 29,594   17,109   20,073   46,703   30,142 
    Total revenue 549,651   486,693   393,332   1,036,344   753,275 
    Cost of revenue:         
    Systems 414,560   381,819   342,124   796,378   626,071 
    Software maintenance and support 2,095   1,884   1,936   3,979   3,662 
    Operation services 25,168   22,951   19,052   48,120   29,266 
    Total cost of revenue 441,823   406,654   363,112   848,477   658,999 
    Gross profit 107,828   80,039   30,220   187,867   94,276 
    Operating expenses:         
    Research and development expenses 61,540   43,592   46,462   105,133   88,606 
    Selling, general, and administrative expenses 78,347   61,076   48,652   139,421   95,663 
    Total operating expenses 139,887   104,668   95,114   244,554   184,269 
    Operating loss (32,059)  (24,629)  (64,894)  (56,687)  (89,993)
    Other income, net 11,714   7,823   9,812   19,536   16,011 
    Loss before income tax and equity method investment (20,345)  (16,806)  (55,082)  (37,151)  (73,982)
    Income tax expense (benefit) 1,397   (150)  252   1,248   80 
    Loss from equity method investment (2,490)  (1,564)  —   (4,055)  — 
    Net loss (21,438)  (18,520)  (54,830)  (39,958)  (73,902)
    Net loss attributable to noncontrolling interests (17,513)  (15,044)  (46,021)  (32,557)  (62,257)
    Net loss attributable to common stockholders$(3,925) $(3,476) $(8,809) $(7,401) $(11,645)
              
    Loss per share of Class A Common Stock:         
    Basic and Diluted$(0.04) $(0.03) $(0.09)  (0.07) $(0.13)
    Weighted-average shares of Class A Common Stock outstanding:         
    Basic and Diluted 107,726,978   106,098,566   93,043,769   106,900,622   88,155,791 
                        

    Symbotic Inc. and Subsidiaries

    Reconciliation of Non-GAAP Financial Measures

    The following table reconciles GAAP net loss to Adjusted EBITDA:

     Three Months Ended Six Months Ended
    (in thousands)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
    Net loss$(21,438) $(18,520) $(54,830) $(39,958) $(73,902)
    Interest income (7,229)  (7,769)  (9,795)  (14,998)  (15,944)
    Income tax expense (benefit) (1,397)  150   (252)  (1,248)  (80)
    Depreciation and amortization 11,169   6,860   2,468   18,029   5,033 
    Stock-based compensation 47,962   28,741   34,726   76,703   64,188 
    Business Combination transaction expenses 3,298   3,802   —   7,100   — 
    Equity method investment 2,490   1,564   —   4,055   — 
    Internal control remediation 2,175   3,076   —   5,251   — 
    Business transformation costs 2,400   —   —   2,400   — 
    Fair value adjustments on strategic investments (4,481)  —   —   (4,481)  — 
    Restructuring charges (231)  —   34,206   (231)  34,206 
    Joint venture formation fees —   —   —   —   1,089 
    Equity financing transaction costs —   —   1,985   —   1,985 
    Adjusted EBITDA$34,718  $17,904  $8,508  $52,622  $16,575 
                        

    The following table reconciles GAAP gross profit to Adjusted gross profit:

     Three Months Ended Six Months Ended
    (in thousands)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
    Gross profit$107,828  $80,039  $30,220  $187,867  $94,276 
    Depreciation 2,949   2,469   88   5,418   181 
    Stock-based compensation 11,264   3,709   5,156   14,973   8,587 
    Restructuring charges (231)  —   34,206   (231)  34,206 
    Adjusted gross profit$121,810  $86,217  $69,670  $208,027  $137,250 
                        
    Gross profit margin 19.6%  16.4%  7.7%  18.1%  12.5%
    Adjusted gross profit margin 22.2%  17.7%  17.7%  20.1%  18.2%
                        

    The following table reconciles GAAP net cash provided by (used in) operating activities to free cash flow:

     Three Months Ended Six Months Ended
    (in thousands)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
              
    Net cash provided by (used in) operating activities$269,575  $205,027  $21,072  $474,602  $        (9,078)
    Purchases of property and equipment and capitalization of internal use software development costs (20,560)  (7,357)  (2,871)  (27,917)          (5,864)
    Free cash flow$249,015  $197,670  $18,201  $446,685  $        (14,942)
                        

    Symbotic Inc. and Subsidiaries

    Supplemental Common Share Information

    Total Common Shares issued and outstanding:

     March 29, 2025 September 28, 2024
    Class A Common Shares issued and outstanding108,380,772 104,689,377
    Class V-1 Common Shares issued and outstanding76,223,325 76,965,386
    Class V-3 Common Shares issued and outstanding404,309,196 404,309,196
     588,913,293 585,963,959
        



    Symbotic Inc. and Subsidiaries

    Consolidated Balance Sheets
     
    (in thousands, except share data)March 29, 2025 September 28, 2024
    ASSETS
    Current assets:   
    Cash and cash equivalents$954,944  $727,310 
    Accounts receivable 137,562   201,548 
    Unbilled accounts receivable 160,248   218,233 
    Inventories 146,281   106,136 
    Deferred expenses 4,979   1,058 
    Prepaid expenses and other current assets 93,966   101,252 
    Total current assets 1,497,980   1,355,537 
    Property and equipment, net 123,706   97,109 
    Intangible assets, net 125,793   3,664 
    Goodwill 68,669   — 
    Equity method investment 85,323   81,289 
    Other assets 62,714   40,953 
    Total assets$1,964,185  $1,578,552 
    LIABILITIES AND EQUITY
    Current liabilities:   
    Accounts payable$220,027  $175,188 
    Accrued expenses and other current liabilities 166,269   165,644 
    Deferred revenue 1,086,297   676,314 
    Total current liabilities 1,472,593   1,017,146 
    Deferred revenue 8,152   129,233 
    Other liabilities 61,866   42,043 
    Total liabilities 1,542,611   1,188,422 
    Commitments and contingencies —   — 
    Equity:   
    Class A Common Stock, 3,000,000,000 shares authorized, 108,380,772 and 104,689,377 shares issued and outstanding at March 29, 2025 and September 28, 2024, respectively 13   13 
    Class V-1 Common Stock, 1,000,000,000 shares authorized, 76,223,325 and 76,965,386 shares issued and outstanding at March 29, 2025 and September 28, 2024, respectively 7   7 
    Class V-3 Common Stock, 450,000,000 shares authorized, 404,309,196 shares issued and outstanding at March 29, 2025 and September 28, 2024 40   40 
    Additional paid-in capital 1,539,378   1,523,692 
    Accumulated deficit (1,331,326)  (1,323,925)
    Accumulated other comprehensive loss (2,698)  (2,594)
    Total stockholders' equity 205,414   197,233 
    Noncontrolling interest 216,160   192,897 
    Total equity 421,574   390,130 
    Total liabilities and equity$1,964,185  $1,578,552 
            



    Symbotic Inc. and Subsidiaries

    Consolidated Statements of Cash Flows
     
     Three Months Ended Six Months Ended
    (in thousands)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
    Cash flows from operating activities:         
    Net loss$(21,438) $(18,520) $(54,830) $(39,958) $(73,902)
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:         
    Depreciation and amortization 12,279   7,645   3,155   19,924   6,352 
    Equity in net loss from equity method investment 4,055   —   —   4,055   — 
    Foreign currency (gains) losses, net 20   (32)  (30)  (12)  (8)
    Gain on investments —   —   (8,745)  —   (8,745)
    Loss on disposal of assets —   201   —   201   — 
    Provision for excess and obsolete inventory 292   688   34,206   980   34,276 
    Stock-based compensation 43,355   26,773   28,065   70,128   57,527 
    Gain from strategic investment fair value adjustment (4,481)  —   —   (4,481)  — 
    Changes in operating assets and liabilities:         
    Accounts receivable (3,195)  67,376   25,328   64,181   (58,461)
    Inventories (23,232)  (10,425)  (16,353)  (33,657)  (17,920)
    Prepaid expenses and other current assets 89,491   10,317   (9,777)  99,808   (42,430)
    Deferred expenses (1,757)  (2,164)  2,106   (3,921)  (5,046)
    Other assets (6,400)  (1,079)  440   (7,479)  (5,466)
    Accounts payable 13,806   31,145   30,576   44,951   23,315 
    Accrued expenses and other current liabilities (65,685)  45,540   (17,600)  (20,145)  (1,884)
    Deferred revenue 230,283   58,336   2,678   288,619   72,644 
    Other liabilities 2,182   (10,774)  1,853   (8,592)  10,670 
      Net cash provided by (used in) operating activities 269,575   205,027   21,072   474,602   (9,078)
    Cash flows from investing activities:         
    Purchases of property and equipment and capitalization of internal use software development costs (20,560)  (7,357)  (2,871)  (27,917)  (5,864)
    Proceeds from maturities of marketable securities —   —   140,000   —   290,000 
    Purchases of marketable securities —   —   (343)  —   (48,660)
    Acquisitions of strategic investments —   (17,992)  —   (17,992)  — 
    Cash paid for business acquisitions (200,000)  —   —   (200,000)  — 
    Net cash provided by (used in) investing activities (220,560)  (25,349)  136,786   (245,909)  235,476 
    Cash flows from financing activities:         
    Payment for taxes related to net share settlement of stock-based compensation awards —   (3,012)  (3,125)  (3,012)  (3,181)
    Net proceeds from issuance of common stock under employee stock purchase plan 3,233   —   3,435   3,233   3,435 
    Distributions to or on behalf of Symbotic Holdings LLC partners (382)  (850)  —   (1,232)  — 
    Proceeds from issuance of Class A Common Stock —   —   257,985   —   257,985 
    Proceeds from exercise of warrants —   —   —   —   158,702 
    Net cash provided by (used in) financing activities 2,851   (3,862)  258,295   (1,011)  416,941 
    Effect of exchange rate changes on cash, cash equivalents, and restricted cash 50   (84)  (13)  (34)  (15)
    Net increase in cash, cash equivalents, and restricted cash 51,916   175,732   416,140   227,648   643,324 
    Cash, cash equivalents, and restricted cash - beginning of period 906,086   730,354   488,102   730,354   260,918 
    Cash, cash equivalents, and restricted cash - end of period$958,002  $906,086  $904,242  $958,002  $904,242 
              
              
     Three Months Ended Six Months Ended
    (in thousands)March 29, 2025 December 28, 2024 March 30, 2024 March 29, 2025 March 30, 2024
    Reconciliation of cash, cash equivalents, and restricted cash:         
    Cash and cash equivalents$954,944  $903,034  $901,382  $954,944  $901,382 
    Restricted cash 3,058   3,052   2,860   3,058   2,860 
    Cash, cash equivalents, and restricted cash$958,002  $906,086  $904,242  $958,002  $904,242 

    1 Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is a non-GAAP financial measure as defined below under "Use of Non-GAAP Financial Information." See the tables below for reconciliations to net loss, the most comparable GAAP measure.

    2 Symbotic is not providing guidance for net loss, which is the most comparable GAAP financial measure to adjusted EBITDA, because information reconciling forward-looking adjusted EBITDA to net loss is unavailable to it without unreasonable effort. Symbotic is not able to provide reconciliations of adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of Symbotic's control and/or cannot be reasonably predicted, such as the provision for stock-based compensation.



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    • Symbotic Reports Second Quarter Fiscal Year 2025 Results

      WILMINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second quarter of fiscal year 2025, which ended on March 29, 2025. Symbotic posted revenue of $550 million, a net loss of $21 million and adjusted EBITDA1 of $35 million for the second quarter of fiscal year 2025. By comparison, in the second quarter of fiscal year 2024, Symbotic had revenue of $393 million, a net loss of $55 million and adjusted EBITDA1 of $9 million. Cash and cash equivalents increased by $52 million from the prior quarter to $955 million at the end of the second quarter of fiscal year 202

      5/7/25 4:00:00 PM ET
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    • Symbotic Announces Date for Reporting Second Quarter Fiscal 2025 Financial Results

      WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela

      4/16/25 4:00:00 PM ET
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    • Associated Food Stores Powers Up Phase One of Distribution Center Automation Project with Symbotic Technology

      FARR WEST, Utah, March 6, 2025 /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (NASDAQ:SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to efficiency and service for nearly 500 independent grocers in the Intermountain West. Symbotic's end-to-end automation system, with robotic case pick capabilities, will allow AFS' distribu

      3/6/25 9:00:00 AM ET
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    Insider Trading

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    • Chief Financial Officer Hibbard Carol J. converted options into 14,253 shares and sold $104,665 worth of shares (4,628 units at $22.62), increasing direct ownership by 22% to 54,011 units (SEC Form 4)

      4 - Symbotic Inc. (0001837240) (Issuer)

      5/6/25 7:57:18 PM ET
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    • Chief Strategy Officer Boyd William M Iii sold $257,609 worth of shares (11,735 units at $21.95), decreasing direct ownership by 24% to 36,999 units (SEC Form 4)

      4 - Symbotic Inc. (0001837240) (Issuer)

      5/2/25 5:20:11 PM ET
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    • Officer Freve Maria G converted options into 4,575 shares and sold $41,846 worth of shares (1,929 units at $21.69) (SEC Form 4)

      4 - Symbotic Inc. (0001837240) (Issuer)

      4/25/25 4:05:00 PM ET
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    • Symbotic Names Dr. James Kuffner as Chief Technology Officer

      WILMINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Dr. James Kuffner as Chief Technology Officer (CTO), effective January 1, 2025, in line with the retirement of George Dramalis, Symbotic's former CTO. In his new role, Kuffner will be responsible for continuing to advance Symbotic's technologies and solutions to drive Symbotic's strategic long-term growth. "James has more than 30 years of leadership experience in robotics. He has helped forge groundbreaking technological advances at Toyota, Google and Carnegie Mellon University's Robotics Institute," said Ric

      1/6/25 4:00:00 PM ET
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      Industrial Machinery/Components
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    • Symbotic Provides Update to Restatement of Fiscal Year 2024 Financial Results and First Quarter of Fiscal Year 2025 Outlook

      WILMINGTON, Mass., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to the Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Symbotic has determined that it is unable to file its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 by the prescribed filing due date, without unreasonable effort or expense, because the Company requires additional time to complete its assessment of the financial impacts of correcting an error related to system revenue recognition and the impa

      11/27/24 7:00:00 AM ET
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      Industrial Machinery/Components
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    • Symbotic Reports Fourth Quarter and Fiscal Year 2024 Results

      WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million. Cash, cash equivalents and marketable securities on hand decreased by $143 million from the prior quarter to $727 million at the end of the fourth quarter. For the full f

      11/18/24 4:00:00 PM ET
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    • Symbotic downgraded by Raymond James

      Raymond James downgraded Symbotic from Outperform to Mkt Perform

      2/6/25 7:12:30 AM ET
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    • Oppenheimer initiated coverage on Symbotic with a new price target

      Oppenheimer initiated coverage of Symbotic with a rating of Outperform and set a new price target of $35.00

      1/16/25 7:55:35 AM ET
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    • Citigroup resumed coverage on Symbotic with a new price target

      Citigroup resumed coverage of Symbotic with a rating of Buy and set a new price target of $37.00

      1/13/25 7:57:11 AM ET
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    • SEC Form SC 13G filed by Symbotic Inc.

      SC 13G - Symbotic Inc. (0001837240) (Subject)

      5/10/24 6:41:12 AM ET
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    • SEC Form SC 13D/A filed by Symbotic Inc. (Amendment)

      SC 13D/A - Symbotic Inc. (0001837240) (Subject)

      2/23/24 9:27:01 PM ET
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    • SEC Form SC 13D/A filed by Symbotic Inc. (Amendment)

      SC 13D/A - Symbotic Inc. (0001837240) (Subject)

      2/23/24 9:23:25 PM ET
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    • Symbotic Announces Date for Reporting Second Quarter Fiscal 2025 Financial Results

      WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela

      4/16/25 4:00:00 PM ET
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    • Symbotic Completes Acquisition of Walmart's Advanced Systems and Robotics Business and Signs Related Commercial Agreement

      WILMINGTON, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) --  Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has both completed the acquisition of the Advanced Systems and Robotics business from Walmart (NYSE:WMT) and signed the related commercial agreement with Walmart covering the development and deployment of automation systems for Accelerated Pickup and Delivery centers ("APDs") at Walmart stores (the "Commercial Agreement"). Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic's A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerat

      1/28/25 6:30:00 AM ET
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    • Symbotic Announces Date for Reporting First Quarter Fiscal 2025 Financial Results

      WILMINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release first quarter fiscal 2025 financial results after the market close on Wednesday, February 5, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q1-2025 for a personal access code. The webcast will be available for replay on the Symbotic Inve

      1/21/25 6:30:00 AM ET
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    • SEC Form 10-Q filed by Symbotic Inc.

      10-Q - Symbotic Inc. (0001837240) (Filer)

      5/7/25 4:40:11 PM ET
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    • Symbotic Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Symbotic Inc. (0001837240) (Filer)

      5/7/25 4:03:05 PM ET
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    • SEC Form 144 filed by Symbotic Inc.

      144 - Symbotic Inc. (0001837240) (Subject)

      5/6/25 4:38:06 PM ET
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