Symbotic Inc
symbotic.comWhat Do They Do?
Builds and installs robotic warehouse systems that move, store and sort cases and individual items for retailers and wholesale distributors. Also develops automated order-picking systems for retail stores.
10-K for FY2025, filed Nov 24, 2025Our robotic based automation systems, which include hardware and essential software, move, store and sort cases and eaches in warehouses.…View ↗
In January 2025, we acquired the Advanced Systems and Robotics (“ASR”) business from Walmart and signed a Master Automation Agreement that…View ↗
At micro-fulfillment centers, which can be standalone or attached to a brick-and-mortar retail store, eaches are picked and packed into…View ↗
How Do They Make Money?
Customers pay for system design and installation at milestones through final acceptance; most system revenue is earned as deployment progresses. Maintenance support is paid quarterly or annually in advance; operating assistance is billed monthly based on time and materials or for a fixed fee, and spare parts are sold as needed.
10-K for FY2025, filed Nov 24, 2025Systems: We design, assemble, and install Systems and perform configuration of essential software. Systems include the delivery of hardware…View ↗
The key metrics which describe our Systems from commencement to completion are as follows: (1) “Start” is defined as when we sign a…View ↗
Software Maintenance and Support: “Software Maintenance and Support” is defined as support services that provide our customers with…View ↗
Operation Services: “Operation Services” is defined as assistance services, which can range from training services to managed services to…View ↗
As customer acceptance can be reasonably certain upon contract inception, the Company recognizes revenue over time based on an input…View ↗
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10-K for FY2025, filed Nov 24, 2025
FY2025 revenue by product or service ↗
$2.2B
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10-K for FY2025, filed Nov 24, 2025
$2.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Systems
Sold outright
10-K for FY2025, filed Nov 24, 2025 |
94%
FY2022: 96%
|
Systems, FY2025
$2.1B Sources
|
Sold outright |
|
Software maintenance and support
Recurring
|
1.3%
FY2022: 0.6%
|
Software maintenance and support, FY2025
$29.6M Sources
|
Recurring |
|
Operation services
Usage-based
|
4.4%
FY2022: 3.6%
|
Operation services, FY2025
$98.5M Sources
|
Usage-based |
Who Are Their Customers?
Retailers and wholesale grocers, including Walmart, Albertsons, C&S Wholesale Grocers, GreenBox and Target, buy through a direct sales model, with sales involving long-term discussions with senior customer executives.
10-K for FY2025, filed Nov 24, 2025
Do Revenues Turn Into Profits?
No. It lost $16.9M in FY2025.
10-K for FY2025, filed Nov 24, 2025
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 5, 2026
$11.7MView ↗
- ▲ Now profitable
- vs −$3.9M in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Gave fourth-quarter revenue and adjusted EBITDA guidance
The company expects fourth-quarter revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million.
Sources
8-K, filed Aug 5, 2026
For the fourth quarter of fiscal 2026, Symbotic expects revenue of $760 million to $780 million, and adjusted EBITDA2 of $100 million to…View ↗
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May 6, 2026
Gave third-quarter revenue and adjusted EBITDA guidance
The company expects third-quarter revenue of $700 million to $720 million and adjusted EBITDA of $80 million to $85 million.
Sources
8-K, filed May 6, 2026
For the third quarter of fiscal 2026, Symbotic expects revenue of $700 million to $720 million, and adjusted EBITDA2 of $80 million to $85…View ↗
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Feb 4, 2026
Gave second-quarter revenue and adjusted EBITDA guidance
The company expects second-quarter revenue of $650 million to $670 million and adjusted EBITDA of $70 million to $75 million.
Sources
8-K, filed Feb 4, 2026
For the second quarter of fiscal 2026, Symbotic expects revenue of $650 million to $670 million, and adjusted EBITDA2 of $70 million to $75…View ↗
Growing. Revenue grew 8.9x in 4 years, from $251.9M in FY2021 to $2.2B in FY2025, about 73% a year.
From cases to item-level fulfillment
The older report describes large-warehouse pallet and case automation, with case-to-item handling still under development. The latest report also describes systems that handle individual items and automated order picking at retail-store micro-fulfillment centers.
10-K for FY2022, filed Dec 9, 2022 10-K for FY2025, filed Nov 24, 2025Our vision is to make the supply chain work better for everyone. We do this by developing, commercializing, and deploying innovative and…View ↗
At micro-fulfillment centers, which can be standalone or attached to a brick-and-mortar retail store, eaches are picked and packed into…View ↗
When we acquired the ASR business in January 2025, we added a new product category for automated fulfillment of customer orders at the…View ↗
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