Symbotic Inc.

For the period ended Dec 27, 2025. Filed Feb 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 27, 2025 · Filed Feb 4, 2026

SYM$37.62-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Unaudited Condensed Consolidated Financial Statements

PART I - FINANCIAL INFORMATION

Item 1. Unaudited Condensed Consolidated Financial Statements

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share data)

	December 27, 2025	September 27, 2025
ASSETS
Current assets:
Cash and cash equivalents	$1,819,102	$1,244,993
Accounts receivable	107,631	186,705
Unbilled accounts receivable	249,589	181,658
Inventories	183,680	164,390
Deferred expenses	27,807	20,532
Prepaid expenses and other current assets	70,393	86,582
Total current assets	2,458,202	1,884,860
Property and equipment, net	115,700	117,649
Intangible assets, net	75,376	79,149
Goodwill	59,871	59,871
Equity method investment	143,523	123,034
Other assets	141,386	131,166
Total assets	$2,994,058	$2,395,729
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$266,102	$286,669
Accrued expenses and other current liabilities	206,874	200,442
Deferred revenue	1,310,702	1,242,312
Total current liabilities	1,783,678	1,729,423
Deferred revenue	188,795	124,932
Other liabilities	61,374	63,629
Total liabilities	2,033,847	1,917,984
Commitments and contingencies (Note 15)	—	—
Equity:
Class A Common Stock, 3,000,000,000 shares authorized, 123,225,754 and 112,635,932 shares issued and outstanding at December 27, 2025 and September 27, 2025, respectively	14	13
Class V-1 Common Stock, 1,000,000,000 shares authorized, 72,982,208 and 74,693,311 shares issued and outstanding at December 27, 2025 and September 27, 2025, respectively	7	7

Class V-3 Common Stock, 450,000,000 shares authorized, 403,559,196 and 403,559,196 shares issued and outstanding at December 27, 2025 and September 27, 2025, respectively	40	40
Additional paid-in capital	1,997,587	1,556,611
Accumulated deficit	(1,331,181)	(1,333,783)
Accumulated other comprehensive loss	(2,693)	(2,695)
Total stockholders’ equity	663,774	220,193
Noncontrolling interest	296,437	257,552
Total equity	960,211	477,745
Total liabilities and equity	$2,994,058	$2,395,729

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except share and per share information)

	For the Three Months Ended
	December 27, 2025	December 28, 2024
Revenue:
Systems	$590,292	$464,059
Software maintenance and support	10,885	5,525
Operation services	28,808	17,109
Total revenue	629,985	486,693
Cost of revenue:
Systems	469,873	380,990
Software maintenance and support	2,954	1,858
Operation services	23,734	22,829
Total cost of revenue	496,561	405,677
Gross profit	133,424	81,016
Operating expenses:
Research and development expenses	43,006	43,279
Selling, general, and administrative expenses	81,219	60,705
Restructuring charges	2,673	—
Total operating expenses	126,898	103,984
Operating income (loss)	6,526	(22,968)
Other income, net	13,246	7,823
Income (loss) before income tax and equity method investment	19,772	(15,145)
Income tax expense	(615)	(150)
Loss from equity method investment	(5,799)	(1,564)
Net income (loss)	13,358	(16,859)
Net income (loss) attributable to noncontrolling interests	10,756	(13,684)
Net income (loss) attributable to common stockholders	$2,602	$(3,175)
Income (loss) per share of Class A Common Stock:
Basic and Diluted	$0.02	$(0.03)
Weighted-average shares of Class A Common Stock outstanding:
Basic	115,474,119	106,098,566
Diluted	127,870,238	n/a

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)

(in thousands)

	For the Three Months Ended
	December 27, 2025	December 28, 2024
Net income (loss)	$13,358	$(16,859)
Less: Net income (loss) attributable to noncontrolling interests	10,756	(13,684)
Net income (loss) attributable to common stockholders	$2,602	$(3,175)
Other comprehensive income (loss):
Foreign currency translation adjustments	9	(563)
Total other comprehensive income (loss)	9	(563)
Less: other comprehensive income (loss) attributable to noncontrolling interests	7	(461)
Other comprehensive income (loss) attributable to common stockholders	$2	$(102)
Comprehensive income (loss)	13,367	(17,422)
Less: Comprehensive income (loss) attributable to noncontrolling interests	10,763	(14,145)
Total comprehensive income (loss) attributable to common stockholders	$2,604	$(3,277)

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity

(in thousands, except share information)

	Three Months Ended December 27, 2025
Class A Common Stock · Class V-1 Common Stock · Class V-3 Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Loss · Accumulated Deficit · Noncontrolling Interest · Total Equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at September 27, 2025	112,635,932	$13	74,693,311	$7	403,559,196	$40	$1,564,815		$(2,695)		$(1,340,862)		$261,895		$483,213
Cumulative effect from change in accounting principle	—	—	—	—	—	—	(8,204)	—		7,079		(4,343)		(5,468)
Net income	—	—	—	—	—	—	—	—		2,602		10,756		13,358
Issuance of common stock in connection with equity offering	8,000,000	1	—	—	—	—	424,367	—		—		—		424,368
Issuance of common stock under stock plans, net of shares withheld for employee taxes	878,719	—	—	—	—	—	—	—		—		—		—
Exchange of Class V-1 common stock	1,711,103	—	(1,711,103)	—	—	—	7,168	—		—		(7,168)		—
Distribution to Symbotic Holdings LLC partners	—	—	—	—	—	—	—	—		—		(1,222)		(1,222)
Stock-based compensation	—	—	—	—	—	—	9,441	—		—		36,512		45,953
Other comprehensive income	—	—	—	—	—	—	—	2		—		7		9
Balance at December 27, 2025	123,225,754	$14	72,982,208	$7	403,559,196	$40	$1,997,587		$(2,693)		$(1,331,181)		$296,437		$960,211

	Three Months Ended December 28, 2024
Class A Common Stock · Class V-1 Common Stock · Class V-3 Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Loss · Accumulated Deficit · Noncontrolling Interest · Total Equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at September 28, 2024	104,689,377	$13	76,965,386	$7	404,309,196	$40	$1,522,894		$(2,594)		$(1,323,186)		$192,954		$390,128
Net loss	—	—	—	—	—	—	—	—		(3,175)		(13,684)		(16,859)
Issuance of common stock under stock plans, net of shares withheld for employee taxes	1,652,671	—	—	—	—	—	(3,012)	—		—		—		(3,012)
Exchange of Class V-1 and V-3 common stock	179,867	—	(179,867)	—	—	—	1,044	—		—		(1,044)		—
Cancellation of Class V-1 common stock	—	—	(196,901)	—	—	—	—	—		—		—		—
Distributions to Symbotic Holdings LLC partners	—	—	—	—	—	—	—	—		—		(850)		(850)
Stock-based compensation	—	—	—	—	—	—	4,456	—		—		20,115		24,571
Other comprehensive loss	—	—	—	—	—	—	—	(102)		—		(461)		(563)
Balance at December 28, 2024	106,521,915	$13	76,588,618	$7	404,309,196	$40	$1,525,382		$(2,696)		$(1,326,361)		$197,030		$393,415

Unaudited Condensed Consolidated Statements of Cash Flows

(in thousands)

	For the Three Months Ended
	December 27, 2025	December 28, 2024
Cash flows from operating activities:
Net income (loss)	$13,358	$(16,859)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	8,704	6,860
Amortization of leases	1,388	785
Loss from equity method investment	5,799	1,564
Foreign currency losses (gains)	27	(32)
Gain on investments	—	—
Provision for excess and obsolete inventory	4,832	688
Loss on disposal of assets	—	201
Stock-based compensation	45,941	24,603
Gain from strategic investment fair value adjustment	(1,661)	—
Changes in operating assets and liabilities:
Accounts receivable	79,090	67,376
Inventories	(24,122)	(10,425)
Prepaid expenses and other current assets	(51,726)	10,826
Deferred expenses	(7,275)	(2,164)
Other assets	2,335	(2,643)
Accounts payable	(23,857)	31,145
Accrued expenses and other current liabilities	8,718	45,540
Deferred revenue	132,244	58,336
Other liabilities	(2,255)	(10,774)
Net cash provided by operating activities	191,540	205,027
Cash flows from investing activities:
Purchases of property and equipment and capitalization of internal use software development costs	(2,052)	(7,357)
Acquisitions of strategic investments	(38,528)	(17,992)
Net cash used in investing activities	(40,580)	(25,349)
Cash flows from financing activities:
Payment for taxes related to net share settlement of stock-based compensation awards	—	(3,012)
Proceeds from issuance of Class A common stock	424,368	—
Distributions to or on behalf of Symbotic Holdings LLC partners	(1,222)	(850)
Net cash provided by (used in) financing activities	423,146	(3,862)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	8	(84)
Net increase in cash, cash equivalents, and restricted cash	574,114	175,732
Cash, cash equivalents, and restricted cash — beginning of period	1,247,193	730,354
Cash, cash equivalents, and restricted cash — end of period	$1,821,307	$906,086

Non-cash activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$—	$7,988
Transfer of equipment from inventories to property and equipment	$—	$7,982

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.