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Symbotic 8-K Report, Financial Results (May 7, 2025)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed May 7, 2025
Period End
May 7, 2025
Security
SYM
In the 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. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed May 7, 2025. Cited figures are marked; the original filing is the authoritative source.

Symbotic Inc. (Nasdaq: SYM) reported results for its second quarter of fiscal year 2025, ended March 29, 2025, via a press release furnished as Exhibit 99.1.

Revenue was $550 milliona (reported as $549,651 thousand), compared with $393 million in the second quarter of fiscal 2024. The company posted a net loss of $21 million (net loss of $21,438 thousand), versus a net loss of $55 million a year earlier, and adjusted EBITDA of $35 million (adjusted EBITDA of $34,718 thousand), up from $9 million. Net loss attributable to common stockholders was $3,925 thousand.

Gross profit was $107,828 thousandb, and adjusted gross profit margin was 22.2%, compared with 17.7% in the prior-year quarter. Cash and cash equivalents rose by $52 million from the prior quarter to $955 million. Net cash provided by operating activities was $269,575 thousand, and free cash flow was $249,015 thousand for the quarter.

For the third quarter of fiscal 2025, Symbotic expects revenue of $520 million to $540 millionc and adjusted EBITDA of $26 million to $30 million. Management said that "our execution has improved, and our margins expanded," and that second-quarter revenue grew 40% year over year. The company also reported 46 systems in deployment, 37 completed systems, and a total backlog of $22.7 billion as of Q2 2025, as shown in the supplemental investor presentation furnished as Exhibit 99.2.

The filing also notes that the results include acquisition-related items, including $200,000 thousandd in cash paid for business acquisitions and goodwill of $68,669 thousand on the balance sheet, reflecting the acquisition of Walmart's Advanced Systems and Robotics business. Symbotic also furnished an investor presentation (Exhibit 99.2) under Item 7.01, posted to its investor relations website on May 7, 2025, which restates the financial highlights and provides key operating metrics. Both exhibits are furnished rather than filed, so they are not subject to Section 18 liabilities.

02—Key points

Key Highlights

  1. Q2 FY2025 revenue of $549,651 thousand (about $550 million), up from $393,332 thousand in Q2 FY2024; the company states revenue grew 40% year over year.
  2. Net loss narrowed to $21,438 thousand from $54,830 thousand a year earlier; adjusted EBITDA rose to $34,718 thousand from $8,508 thousand.
  3. Adjusted gross profit margin was 22.2% versus 17.7% in the prior-year quarter; gross profit margin was 19.6% versus 7.7%.
  4. Free cash flow was $249,015 thousand for the quarter, and cash and cash equivalents reached $954,944 thousand.
  5. Q3 FY2025 guidance calls for revenue of $520 million to $540 million and adjusted EBITDA of $26 million to $30 million.
  6. Total backlog of $22.7 billion as of Q2 2025, with 46 systems in deployment and 37 completed systems per the investor presentation.
  7. Deferred revenue rose to $1,086,297 thousand in current liabilities from $676,314 thousand at fiscal year-end 2024, and $200,000 thousand was paid for business acquisitions during the quarter.

03—Questions

Frequently Asked Questions

  1. How did Symbotic perform in the second quarter of fiscal 2025?

    Revenue was $549,651 thousand, compared with $393,332 thousand in the second quarter of fiscal 2024. The net loss was $21,438 thousand, versus $54,830 thousand a year earlier, and adjusted EBITDA was $34,718 thousand, versus $8,508 thousand.

  2. What is Symbotic's outlook for the third quarter of fiscal 2025?

    The company expects third-quarter revenue of $520 million to $540 million and adjusted EBITDA of $26 million to $30 million. It does not provide guidance for net loss, the most comparable GAAP measure to adjusted EBITDA.

  3. How strong is Symbotic's cash position and cash generation?

    Cash and cash equivalents increased by $52 million from the prior quarter to $954,944 thousand at March 29, 2025. Net cash provided by operating activities was $269,575 thousand for the quarter, and free cash flow was $249,015 thousand. Free cash flow is a non-GAAP measure defined as operating cash flow less purchases of property and equipment and capitalized internal use software costs.

  4. What does the company's backlog and deployment data show?

    The investor presentation reports total backlog of $22.7 billion as of Q2 2025, with 46 systems in deployment and 37 completed systems. The presentation also lists 10 customers and more than 650 issued patents.

  5. What are the main non-GAAP measures investors should review?

    The company reports adjusted EBITDA, adjusted gross profit, adjusted gross profit margin, and free cash flow. The filing states that these measures should not be considered a substitute for U.S. GAAP results, and that investors should review the reconciliations to the most comparable GAAP measures.

04—Continue

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