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SymboticSYM

Legal name
Symbotic Inc.
Sector
Industrial
Industry
General Industrial Machinery & Equipment, NEC
Exchange
Nasdaq

Stock Price $SYM

Latest filings

You are here#73 of 92 in Industrials by market cap

Filing record · 2021–202610-K510-Q238-K51

SYM filed 5 annual reports (10-K), 23 quarterly reports (10-Q) and 51 current reports (8-K) between 2021 and 2026.

  1. Leadership change8-K · Jun ’22Jun ’22
  2. Leadership change8-K · Oct ’23Oct ’23
  3. Restatement8-K · Nov ’24Nov ’24
  4. FY2025 annual report10-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  6. $2.25B
YoY changeLargest recent move+173.6%in FY21Latest +25.7%

1 older move runs past ±150% (largest +173.6%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All SYM Financial Metrics55 metrics

Income Statement15

Balance Sheet25

Cash Flow11

Per Share4

02—Overview

Symbotic Financial Overview 2021–2025

Updated Nov 4, 2026

Symbotic swung from -$102.5 milliona of free cash flow in FY2024 to +$787.9 million in FY2025. That matters because the company still lost $91.0 million on a GAAP basis. The thesis: Symbotic is a customer-funded automation machine, and the cash is arriving well ahead of the profits. Operating cash flow of $866.9 million leaned heavily on a $606.4 million jump in deferred revenue, which means Walmart's prepayments, not earnings, paid for the year.

The longer arc is steep. Revenue grew from $251.9 million in FY2021 to $2.25 billionb in FY2025, including 26% growth in the latest year. Gross margin widened from 14% to 19% over FY2024 to FY2025, and Adjusted EBITDA rose from $61.7 million to $147.5 million. Cash reached $1.24 billion. Backlog sits near $22.5 billion, with about 12% expected to convert to revenue in FY2026. The momentum continued into Q3 2026, when revenue hit $720.8 million and operating income reached $32.9 million, against an operating loss a year earlier.

The risks are just as concrete. Walmart supplied roughly 85% of FY2025 revenue. A material weakness in cost-of-revenue timing persists, and FY2024 quarters were restated. At the close of FY2025, shares traded at $52.14c, a $30.8 billion market cap, or roughly 14x annual revenue. With EPS of -$0.16, no earnings multiple applies. Investors were paying for backlog conversion and cash generation, not current profit.

Recent Developments (Q2 and Q3 2026)

Margins improved in Q3 2026. Gross margin reached 22.3%, versus 18.9% a year earlier. Net income was $55.0 milliond, but that included a $19.4 million fair value gain on strategic investments. Cash flow reversed: free cash flow was -$164.6 million as receivables rose and deferred revenue fell, and cash slipped to $1.75 billion from $2.0 billion in Q2 2026. On October 28, 2026, Walmart made a new commitment of about $6.0 billion, which could add up to $6.92 billion to backlog. It also committed $125 million to next-generation racking development.

The bull case: guidance calls for Q4 2026 revenue of $760 million to $780 millione, and the new commitment extends visibility. The bear case: Walmart was 90.5% of Q3 2026 revenue, the deal lets Walmart terminate on certain change-of-control events, and the stock's $24.1 billion market cap at $40.82 (as of August 4, 2026) rests on negative EPS of -$0.16, so no P/E applies.

What to watch: cash flow recovery after the Q3 2026 reversal; conversion of the new Walmart commitment into backlog

03—Filings

Recent SEC Filings

  1. 8-KSymbotic 8-K Report, Material Agreement (Oct 29, 2026)On October 29, 2026, Symbotic Inc., Symbotic LLC and Walmart Inc. entered into an Enterprise Master Automation Agreement (the "Commercial Agreement") that establishes a global framework governing Symbotic automation systems and technology provided to Walmart and its affiliates. Walmart has made a new commitment to purchase Symbotic systems and fund development programs representing an initial aggregate additional spend of approximately $6,000,000,000 over a number of years across multiple locations. Symbotic expects this Initial Commitment could increase its future backlog by up to $6,920,000,000. The commitment is made up of market program addenda covering ambient-area distribution and fulfillment centers in the United States and select international markets in the Americas, plus a development program addendum under which Walmart committed $125,000,000 to fund next-generation racking and related technology. The Initial Commitment is in addition to purchase commitments under the existing Second Amended and Restated Master Automation Agreement (May 23, 2022) and Master Automation Agreement (January 27, 2025). The agreement also grants Walmart governance rights for so long as it owns more than 5% of Symbotic's fully diluted equity: a right to recommend one independent director candidate to the nominating and corporate governance committee or Board chairperson, and, when Walmart represents more than 50% of consolidated revenue in any trailing four-quarter period, the right to designate two non-voting board observers. The agreement restricts Symbotic from selling or licensing products to a specified company and its affiliates, and it can be terminated for insolvency, uncured material breach, or, by Walmart, certain change of control transactions. It also specifies a calculation for amounts due to Symbotic if Walmart buys fewer systems than committed. Symbotic issued a press release on the same day announcing the agreement, which describes an expansion across 25 U.S. regional distribution centers and an initial commitment of approximately $6 billion.
  2. 8-KSymbotic 8-K Report, Financial Results (Aug 5, 2026)Symbotic Inc. (Nasdaq: SYM) reported third-quarter fiscal 2026 results for the quarter ended June 27, 2026. Total revenue was $720.8 million, compared with $592.1 million in the year-ago quarter, and the press release states revenue of $721 million, up 22% year-over-year. Gross profit was $160.9 million (22.3% gross margin) versus $111.8 million (18.9%) a year earlier. Net income was $55.0 million, compared with a net loss of $21.2 million in the third quarter of fiscal 2025. Adjusted EBITDA rose to $95.2 million from $45.4 million, and the company states that is more than double the prior-year figure. Results were helped by a $19.4 million fair value gain on strategic investments in the quarter. Operating income was $32.9 million, versus an operating loss of $25.8 million a year earlier. Cash and cash equivalents were $1.75 billion at June 27, 2026, down from $2.01 billion in cash, equivalents and restricted cash at March 28, 2026. Operating cash flow was negative $147.3 million in the quarter, and free cash flow was negative $164.6 million, driven by a $155.9 million increase in accounts receivable and a $123.8 million decrease in deferred revenue. For the fourth quarter of fiscal 2026, the company expects revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million. The company also cites $22.5 billion of contracted backlog and 77 systems in deployment. The filing also discloses that the board expanded from nine to ten members effective August 4, 2026, and appointed Stephen G. Pagliuca, former Co-Chair of Bain Capital and former managing general partner of the Boston Celtics, as a director.
  3. 8-KSymbotic 8-K Report, Financial Results (May 6, 2026)Symbotic Inc. (Nasdaq: SYM) reported results for its second quarter of fiscal 2026, which ended March 28, 2026. Revenue was $676 million, up 23% year-over-year, and the company reported net income of $9 million, compared with a net loss of $10 million in the second quarter of fiscal 2025. Adjusted EBITDA was $78 million, more than double the $35 million reported a year earlier. Net income attributable to common stockholders was $2.0 million, and a large share of net income went to noncontrolling interests ($7.5 million in the quarter). Cash and cash equivalents rose to $2.0 billion from $1.8 billion at the end of the first quarter. Free cash flow for the quarter was $218.0 million, and operating cash flow was $261.3 million. Systems in deployment rose to 70, and the company cited a contracted backlog of $22.7 billion as of Q2 2026. For the third quarter of fiscal 2026, Symbotic expects revenue of $700 million to $720 million and adjusted EBITDA of $80 million to $85 million. The company said it is not providing GAAP net income guidance because reconciling forward-looking adjusted EBITDA to net income is not possible without unreasonable effort. Management, including CFO Izzy Martins, said it sees a solid growth trajectory supported by rising deployments and enhanced profitability. The filing furnishes a press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2), both dated May 6, 2026. The presentation includes a non-GAAP reconciliation of adjusted EBITDA and free cash flow and reports 52 operational systems.
  4. 8-KSymbotic 8-K Report, Shareholder Vote Results (Mar 9, 2026)Symbotic Inc. held its 2026 annual meeting of stockholders by live audio webcast on March 5, 2026. Stockholders voted on three proposals described in the company's definitive proxy statement filed January 16, 2026. The record date was January 6, 2026, when 123,250,254 shares of Class A common stock, 72,963,208 shares of Class V-1 common stock and 403,559,196 shares of Class V-3 common stock were outstanding and entitled to vote. Class A and V-1 shares carried one vote each and Class V-3 shares carried three votes each, with all classes voting together as a single class. Shares representing 98.89% of the combined voting power were present or represented by proxy, establishing a quorum. All nine nominees were elected as directors, each to serve for one year until the 2027 Annual Meeting of Stockholders. Merline Saintil received the most withheld votes at 7,708,512, while the other eight nominees each received fewer than 2.1 million withheld votes. Stockholders also approved, on a non-binding advisory basis, the compensation of the company's named executive officers, with 1,361,314,576.94 votes for and 14,005,263.46 against, and a majority of votes cast in favor. The Company's appointment of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending September 26, 2026 was ratified, with 1,390,596,231.4 votes for, 347,521 against and 306,426 withheld. The filing reports no material strategic, financial or operational announcements. Its substance is limited to the formal results of the annual meeting, including director elections, the advisory say-on-pay vote and auditor ratification.
  5. 8-KSymbotic 8-K Report, Financial Results (Feb 4, 2026)Symbotic Inc. (Nasdaq: SYM) reported first quarter fiscal 2026 results for the quarter ended December 27, 2025, in a press release furnished as Exhibit 99.1 and a supplemental investor presentation furnished as Exhibit 99.2. Revenue was $630 million, up 29% year-over-year from $486.7 million, and the company reported net income of $13 million, compared with a net loss of $17 million in the prior-year quarter. Adjusted EBITDA reached $67 million, versus $18 million a year earlier. Gross profit margin was 21.2% and adjusted gross profit margin was 23.4%, compared with 16.6% and 17.7% in the year-ago quarter. Cash and cash equivalents totaled $1.8 billion at quarter end, a $574 million increase from the prior quarter that includes $424 million of net proceeds from a Class A common stock issuance. Operating cash flow was $191.5 million and free cash flow was $189.5 million for the quarter. The investor presentation cites approximately $22.3 billion of total backlog and 51 operational systems with 57 systems in deployment. For the second quarter of fiscal 2026, Symbotic expects revenue of $650 million to $670 million and adjusted EBITDA of $70 million to $75 million. The company notes it is not providing net income guidance because reconciling forward-looking adjusted EBITDA to net income is unavailable without unreasonable effort.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.