Symbotic Inc.

Previous wording

Our robotic based automation systems, which include hardware and essential software, move, store and sort cases and eaches in warehouses. Our systems are operational in a number of the world’s largest retailers, including Walmart, wholesale distributors, including C&S Wholesale Grocers, and are being deployed in GreenBox Systems LLC, which is now doing business as Exol (“Exol”), our warehouse-as-a-service joint venture. We have spent significant time working closely with our customers to develop, test and refine our technology. We have approximately $22.7 billion of backlog as of March 28, 2026, of which our agreements with Walmart and Exol comprise the vast majority.

Current wording

Our robotic based automation systems, which include hardware and essential software, move, store and sort cases and eaches in warehouses. Our systems are operational in a number of the world’s largest retailers, including Walmart, wholesale distributors, including C&S Wholesale Grocers, and are being deployed in GreenBox Systems LLC, which is now doing business as Exol (“Exol”), our warehouse-as-a-service joint venture. We have spent significant time working closely with our customers to develop, test and refine our technology. We have approximately $22.5 billion of backlog as of June 27, 2026, of which our agreements with Walmart and Exol comprise the vast majority.

Previous wording

We have devoted significant funds and resources to date in developing and diversifying our systems and related applications. Our systems are designed to increase efficiency, speed and flexibility of the supply chain by using proprietary robotics and A.I.-powered software for the movement and storage of goods. Our intellectual property is protected by a portfolio of approximately 1,100 issued and/or pending patents.

Current wording

We have devoted significant funds and resources to date in developing and diversifying our systems and related applications. Our systems are designed to increase efficiency, speed and flexibility of the supply chain by using proprietary robotics and A.I.-powered software for the movement and storage of goods. Our intellectual property is protected by a portfolio of approximately 1,100 issued and/or pending patents as of September 27, 2025.

Previous wording

Other income (expense), net primarily consists of dividend and interest income earned on our money market accounts and the impact of foreign currency transaction gains and losses associated with monetary assets and liabilities.

Current wording

Other income (expense), net primarily consists of dividend and interest income earned on our money market accounts, the impact of unrealized gains and losses on certain securities held, and the impact of foreign currency transaction gains and losses associated with monetary assets and liabilities.

Previous wording

Results of Operations for the Three and Six Months Ended March 28, 2026 and March 29, 2025

Current wording

Results of Operations for the Three and Nine Months Ended June 27, 2026 and June 28, 2025

Previous wording

Three and Six Months Ended March 28, 2026 Compared to the Three and Six Months Ended March 29, 2025

Current wording

Three and Nine Months Ended June 27, 2026 Compared to the Three and Nine Months Ended June 28, 2025

Previous wording

Systems revenue increased during the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, due to there being 70 Systems in Deployment during the fiscal quarter ended March 28, 2026, as compared to 46 Systems in Deployment during the same quarter of fiscal 2025.

Current wording

Systems revenue increased during the three months ended June 27, 2026, as compared to the three months ended June 28, 2025, due to there being 77 Systems in Deployment during the fiscal quarter ended June 27, 2026, as compared to 46 Systems in Deployment during the same quarter of fiscal 2025.

Previous wording

The increase in Software Maintenance and Support revenue is due to 52 Operational Systems which are under Software Maintenance and Support contracts for the three months ended March 28, 2026, as compared to 37 Operational Systems which were under Software Maintenance and Support contracts for the three months ended March 29, 2025.

Current wording

The increase in Software Maintenance and Support revenue is due to 56 Operational Systems which are under Software Maintenance and Support contracts for the three months ended June 27, 2026, as compared to 42 Operational Systems which were under Software Maintenance and Support contracts for the three months ended June 28, 2025.

Previous wording

The decrease in Operation Services revenue is primarily attributable to a decrease in training services provided to our customers for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025.

Current wording

The increase in Operation Services revenue is primarily attributable to an increase in the number of Operational Systems where we are performing Operation Services for the three months ended June 27, 2026, as compared to the three months ended June 28, 2025.

Previous wording

Systems revenue increased during the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, due to additional revenue generated from the 2025 Walmart MAA and there being 70 Systems in Deployment during the six months ended March 28, 2026, as compared to 46 Systems in Deployment during the same quarter of fiscal 2025.

Current wording

Systems revenue increased during the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, due to additional revenue generated from the 2025 Walmart MAA and there being 77 Systems in Deployment during the nine months ended June 27, 2026, as compared to 46 Systems in Deployment during the nine months ended June 28, 2025.

Previous wording

The increase in Software Maintenance and Support revenue is due to 52 Operational Systems which are under Software Maintenance and Support contracts for the six months ended March 28, 2026, as compared to 37 Operational Systems which were under Software Maintenance and Support contracts for the six months ended March 29, 2025.

Current wording

The increase in Software Maintenance and Support revenue is due to 56 Operational Systems which are under Software Maintenance and Support contracts for the nine months ended June 27, 2026, as compared to 42 Operational Systems which were under Software Maintenance and Support contracts for the nine months ended June 28, 2025.

Previous wording

The increase in Operation Services revenue is attributable to an increase in the number of Operational Systems where we are performing Operation Services for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, partially offset by a decrease in training services provided to our customers. As we continue to increase the number of Operational Systems, an increase in the number of Operation Services contracts is expected.

Current wording

The increase in Operation Services revenue is attributable to an increase in the number of Operational Systems where we are performing Operation Services for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, partially offset by a decrease in training services provided to our customers. As we continue to increase the number of Operational Systems, an increase in the number of Operation Services contracts is expected.

Previous wording

Systems gross profit increased $37.4 million for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025. The increase in Systems gross profit is primarily driven by our capture of the increasing value we are driving for customers as well as the 70 Systems in Deployment during the three months ended March 29, 2025, as compared to 46 Systems in Deployment during the three months ended March 29, 2025. The increase in Systems gross profit was further driven by continued strong project execution and cost discipline, partially offset by increased tariff expenses as tariff regulations continue to evolve and increased warranty expense.

Current wording

Systems gross profit increased $42.2 million for the three months ended June 27, 2026, as compared to the three months ended June 28, 2025. The increase in Systems gross profit is primarily driven by there being 77 Systems in Deployment during the three months ended June 27, 2026, as compared to 46 Systems in Deployment during the three months ended June 28, 2025 as well as our capture of the increasing value we are driving for customers. The increase in Systems gross profit was further driven by continued strong project execution and cost discipline, partially offset by increased tariff expenses as tariff regulations continue to evolve.

Previous wording

The decrease in Operation Services gross profit for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, is driven by an increased cost for our managed services portfolio. This cost increase resulted in a decreased margin, which was partially offset by the increase in the number of Operational Systems from the prior year.

Current wording

The increase in Operation Services gross profit for the three months ended June 27, 2026, as compared to the three months ended June 28, 2025, is driven by an increase in training services provided to our customers in connection with the increase in the number of Operational Systems, as well as the sale of spare parts to our customers.

Previous wording

The following table sets forth our gross profit for the six months ended March 28, 2026 and March 29, 2025:

Current wording

The following table sets forth our gross profit for the nine months ended June 27, 2026 and June 28, 2025:

Previous wording

Systems gross profit increased $74.7 million for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025. The increase in Systems gross profit is primarily driven by our capture of the increasing value we are driving for customers as well as the 70 Systems in Deployment during the six months ended March 29, 2025, as compared to 46 Systems in Deployment during the six months ended March 29, 2025. The increase in Systems gross profit was further driven by continued strong project execution and cost discipline, partially offset by increased tariff expenses as tariff regulations continue to evolve, and increased warranty expense.

Current wording

Systems gross profit increased $116.9 million for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025. The increase in Systems gross profit is primarily driven by our capture of the increasing value we are driving for customers as well as the 77 Systems in Deployment during the nine months ended June 27, 2026, as compared to 46 Systems in Deployment during the nine months ended June 28, 2025. The increase in Systems gross profit was further driven by continued strong project execution and cost discipline, partially offset by increased tariff expenses as tariff regulations continue to evolve, and increased warranty expense.

Previous wording

The increase in Software Maintenance and Support gross profit is driven by the revenue from the additional Operational Systems which are under Software Maintenance and Support contracts for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, while costs to perform our maintenance and support services remained relatively flat.

Current wording

The increase in Software Maintenance and Support gross profit is driven by the revenue from the additional Operational Systems which are under Software Maintenance and Support contracts for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, while costs to perform our maintenance and support services remained relatively flat.

Previous wording

The increase in Operation Services gross profit for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, is primarily driven by operational efficiencies and an increase in the number of Operational Systems from the prior year.

Current wording

The increase in Operation Services gross profit for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, is primarily driven by operational efficiencies and an increase in the number of Operational Systems from the prior year.

Previous wording

The decrease in research and development expenses for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, is due to the following:

Current wording

The decrease in research and development expenses for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, is due to the following:

Previous wording

Employee-related costs decreased for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025. The primary driver in the decrease to employee-related costs for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, was from an increase in engineering resources assigned to customer projects, which was primarily related to the 2025 MAA.

Current wording

Employee-related costs decreased for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025. The primary driver in the decrease to employee-related costs for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, was from an increase in engineering resources assigned to customer projects, which was primarily related to the 2025 MAA.

Previous wording

Prototyping-related costs, allocated overhead expenses, and other expenses decreased for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, primarily from a decrease in prototype-related costs as we have completed older research and development projects, while costs for current research and development projects require fewer prototypes.

Current wording

Prototyping-related costs, allocated overhead expenses, and other expenses decreased for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, primarily from a decrease in prototype-related costs as we have completed older research and development projects, while costs for current research and development projects require fewer prototypes.

Previous wording

Employee-related costs increased in the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, primarily as a result of our full-time employee and contractor headcount growth within our selling, general, and administrative functions. We increased our headcount primarily to support our rapid acceleration of Deployments and business transformation. We incurred incremental costs related to building both shorter-term as well as permanent processes and infrastructure to ramp partnerships and operations.

Current wording

Employee-related costs increased in the three months ended June 27, 2026, as compared to the three months ended June 28, 2025, primarily as a result of our full-time employee and contractor headcount growth within our selling, general, and administrative functions. We increased our headcount primarily to support the increased number of Systems in Deployment and business transformation. We incurred incremental costs related to building both shorter-term as well as permanent processes and infrastructure to ramp partnerships and operations.

Previous wording

The increase in selling, general, and administrative expenses for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, is due to the following:

Current wording

The increase in selling, general, and administrative expenses for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, is due to the following:

Previous wording

Employee-related costs increased in the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, primarily as a result of our full-time employee and contractor headcount growth within our selling, general, and administrative functions. We increased our headcount primarily to support our rapid acceleration of System Deployments and business transformation. We incurred incremental costs related to building both shorter-term as well as permanent processes and infrastructure to ramp partnerships and operations.

Current wording

Employee-related costs increased in the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, primarily as a result of our full-time employee and contractor headcount growth within our selling, general, and administrative functions. We increased our headcount primarily to support the increased number of Systems in Deployment and business transformation. We incurred incremental costs related to building both shorter-term as well as permanent processes and infrastructure to ramp partnerships and operations.

Previous wording

Allocated overhead and other expenses remained flat in the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, primarily due to an increase in information technology related costs to support growth within our employee base and infrastructure as well as an increase in rent and property tax as we have increased our number of properties as we expand into other locations. This increase was partially offset by a decrease in legal expenses from the prior year as we incurred more legal expenses related to our internal controls remediation and acquisition activity for the six months ended March 29, 2025.

Current wording

Allocated overhead and other expenses increased in the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, primarily due to an increase in information technology related costs to support growth within our employee base and infrastructure as well as an increase in rent and property tax as we have increased our number of properties as we expand into other locations. This increase was partially offset by a decrease in legal expenses from the prior year as we incurred more legal expenses related to our internal controls remediation and acquisition activity for the nine months ended June 28, 2025.

Previous wording

The increase in other income, net for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, was primarily due to higher interest earned on invested cash balances for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025.

Current wording

The increase in other income, net for the three months ended June 27, 2026, as compared to the three months ended June 28, 2025, was primarily due to fair value adjustments made on certain of our strategic investments for observable price changes in the three months ended June 27, 2026, when such observable price changes were not present in the three months ended June 28, 2025.

Previous wording

The decrease in other income, net for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, was primarily due to the fair value adjustment made in the three months ended March 29, 2025 when such adjustment did not occur in the three months ended March 28, 2026. This decrease was partially offset by an increase in interest income due to higher interest earned on invested cash balances for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025.

Current wording

The increase in other income, net for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, was primarily due to an increase in fair value adjustments made on certain of our strategic investments for observable price changes in the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025. Additionally, the increase in other income, net for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, was due to higher interest earned on invested cash balances for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025.

Previous wording

The increase in income tax expense for the six months ended March 28, 2026, as compared to the six months ended March 29, 2025, is attributable to the expense related to current international and state income taxes which were offset in fiscal year 2025 by a partial release of the valuation allowance in connection with the ASR Acquisition.

Current wording

The decrease in income tax expense for the three months ended June 27, 2026, as compared to the three months ended June 28, 2025, is attributable to the expense related to current international income taxes.

Previous wording

The increase in income tax expense for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, is attributable to the expense related to current international and state income taxes which were offset in fiscal year 2025 by a partial release of the valuation allowance in connection with the ASR Acquisition.

Current wording

The increase in income tax expense for the nine months ended June 27, 2026, as compared to the nine months ended June 28, 2025, is attributable to the expense related to current international and state income taxes. In fiscal year 2025, the expense incurred was offset by a partial release of the valuation allowance in connection with the ASR Acquisition.

Previous wording

•Restructuring charges – Restructuring charges are costs associated with restructuring plans and are primarily related to employee severance and benefit arrangements, lower of cost and net realizable value adjustments to inventory and long-lived assets that will no longer be used in operations, and termination fees for any contracts cancelled as part of the restructuring plan. The restructuring charges in fiscal year 2025 represent those charges incurred related to a reduction of our workforce across all areas of the employees that joined our workforce in connection with the ASR Acquisition. We exclude these items from our non-GAAP financial measures when evaluating our continuing business performance as such items vary significantly based on the magnitude of the restructuring action and do not reflect future expected operating expenses. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business.

Current wording

•Restructuring charges – Restructuring charges are costs associated with restructuring plans and are primarily related to employee severance and benefit arrangements, lower of cost and net realizable value adjustments to inventory and long-lived assets that will no longer be used in operations, and termination fees for any contracts cancelled as part of the restructuring plan. The restructuring charges in fiscal year 2025 represent those charges incurred related to a reduction of our workforce across all areas of the employees that joined our workforce in connection with the ASR Acquisition. The restructuring charges in fiscal year 2026 represent those charges incurred related to a reduction of our workforce across the organization to align resource investment to business needs. We exclude these items from our non-GAAP financial measures when evaluating our continuing business performance as such items vary significantly based on the magnitude of the restructuring action and do not reflect future expected operating expenses. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business.

Previous wording

•Internal control remediation– Internal control remediation costs represent professional services fees related to the Company’s efforts to remediate internal control material weaknesses. We excluded these fees from our non-GAAP financial measures to provide a useful comparison of our operating results to prior periods and to our peer companies because such amounts are not representative of our normal operating activities.

Current wording

•Internal control remediation– Internal control remediation costs represent professional services fees related to our efforts to remediate internal control material weaknesses. We excluded these fees from our non-GAAP financial measures to provide a useful comparison of our operating results to prior periods and to our peer companies because such amounts are not representative of our normal operating activities.

Previous wording

The following table reconciles GAAP net loss to Adjusted EBITDA for the three and six months ended March 28, 2026 and March 29, 2025 (in thousands):

Current wording

The following table reconciles GAAP net income (loss) to Adjusted EBITDA for the three and nine months ended June 27, 2026 and June 28, 2025 (in thousands):

Previous wording

The following table shows net cash provided by operating activities, net cash used in investing activities, and net cash provided by (used in) financing activities for the six months ended March 28, 2026 and March 29, 2025:

Current wording

The following table shows net cash provided by operating activities, net cash used in investing activities, and net cash provided by (used in) financing activities for the nine months ended June 27, 2026 and June 28, 2025:

Previous wording

Our net cash provided by operating activities consists of net loss adjusted for certain non-cash items, including depreciation and amortization, foreign currency gains and losses, loss on disposal of assets, provision for excess and obsolete inventory, and stock-based compensation, as well as changes in operating assets and liabilities. The primary changes in working capital items, such as the changes in accounts receivable and deferred revenue, result from the difference in timing of payments from our customers related to System Deployments and the associated costs incurred by us to fulfill the System performance obligation. This may result in an operating cash flow source or use for the period, depending on the timing of payments received as compared to the fulfillment of the System performance obligation.

Current wording

Our net cash provided by operating activities consists of net income (loss) adjusted for certain non-cash items, including depreciation and amortization, foreign currency gains and losses, loss on disposal of assets, provision for excess and obsolete inventory, and stock-based compensation, as well as changes in operating assets and liabilities. The primary changes in working capital items, such as the changes in accounts receivable and deferred revenue, result from the difference in timing of payments from our customers related to System Deployments and the associated costs incurred by us to fulfill the System performance obligation. This may result in an operating cash flow source or use for the period, depending on the timing of payments received as compared to the fulfillment of the System performance obligation.

Previous wording

Net cash provided by operating activities was $452.9 million during the six months ended March 28, 2026. Net cash provided by operating activities was primarily due to our net income of $22.8 million adjusted for non-cash items of $139.2 million, primarily consisting of $20.0 million depreciation and amortization, $94.5 million stock-based compensation, and $9.6 million provision for excess and obsolete inventory, offset by cash provided by operating assets and liabilities of $290.9 million. Cash provided by operating assets and liabilities of $290.9 million was primarily driven by net working capital changes, including the timing of cash payments to vendors and cash receipts from customers.

Current wording

Net cash provided by operating activities was $305.6 million during the nine months ended June 27, 2026. Net cash provided by operating activities was primarily due to our net income of $77.8 million adjusted for non-cash items of $189.4 million, primarily consisting of $142.9 million stock-based compensation, $30.3 million depreciation and amortization, and $13.8 million provision for excess and obsolete inventory as well as cash provided by operating assets and liabilities of $38.3 million. Cash provided by operating assets and liabilities of $38.3 million was primarily driven by net working capital changes, including the timing of cash payments to vendors and cash receipts from customers.

Previous wording

Net cash provided by operating activities was $474.6 million during the six months ended March 29, 2025. Net cash provided by operating activities was primarily due to our net loss of $26.7 million adjusted for non-cash items of $76.2 million, primarily consisting of $18.0 million depreciation and amortization, $55.5 million stock-based compensation, offset by cash provided by operating assets and liabilities of $425.1 million. Cash provided by operating assets and liabilities of $425.1 million was primarily driven by net working capital changes, including the timing of cash payments to vendors and cash receipts from customers, an increase in inventory purchases to meet our installation timeline for our customer’s Deployments in connection with the Walmart MAA and other customer contracts, as well as an increase in deferred revenue resulting from an increase in the number of Deployments.

Current wording

Net cash provided by operating activities was $278.1 million during the nine months ended June 28, 2025. Net cash provided by operating activities was primarily due to our net loss of $47.9 million adjusted for non-cash items of $134.8 million, primarily consisting of $92.3 million stock-based compensation, $31.0 million depreciation and amortization, offset by cash provided by operating assets and liabilities of $191.1 million. Cash provided by operating assets and liabilities of $191.1 million was primarily driven by net working capital changes, including the timing of cash payments to vendors and cash receipts from customers, an increase in inventory purchases to meet our installation timeline for our customers’ Deployments in connection with the Walmart MAA and other customer contracts, as well as an increase in deferred revenue resulting from an increase in the number of Deployments.

Previous wording

Net cash and cash equivalents used in investing activities during the six months ended March 28, 2026 consisted of $45.4 million of purchased property and equipment and $70.0 million of cash paid for strategic investments, which includes our investment in our unconsolidated variable interest entity, Exol. No other significant investing activities occurred during the six months ended March 28, 2026.

Current wording

Net cash and cash equivalents used in investing activities during the nine months ended June 27, 2026 consisted of $62.8 million of purchased property and equipment and $123.2 million of cash paid for strategic investments, which includes our investment in our unconsolidated variable interest entity, Exol, and cash paid for business and asset acquisitions of $20.2 million. No other significant investing activities occurred during the nine months ended June 27, 2026.

Previous wording

Net cash and cash equivalents provided by investing activities during the six months ended March 29, 2025 consisted of $27.9 million of purchased property and equipment and $18.0 million related to acquisitions of strategic investments, which includes our investment in our unconsolidated variable interest entity, Exol, and cash paid for the acquisition of ASR of $200.0 million.

Current wording

Net cash and cash equivalents used in investing activities during the nine months ended June 28, 2025 consisted of $42.8 million of purchased property and equipment and $42.2 million related to acquisitions of strategic investments, which includes our investment in our unconsolidated variable interest entity, Exol, and cash paid for the acquisition of ASR of $141.8 million.

Previous wording

During the six months ended March 28, 2026, we received net proceeds of $424.3 million from the issuance of Class A common stock upon completion of our equity financing transaction in December 2025. No other significant financing activities occurred during the six months ended March 28, 2026.

Current wording

During the nine months ended June 27, 2026, we received net proceeds of $424.3 million from the issuance of Class A common stock upon completion of our equity financing transaction in December 2025. Additionally, we received proceeds from the issuance of common stock under our ESPP of $3.9 million. These proceeds were offset by $1.2 million in distributions to or on behalf of Symbotic Holdings partners to fund all or part of their obligations with respect to the taxable income of Symbotic Holdings that is allocated to them. No other significant financing activities occurred during the nine months ended June 27, 2026.

Previous wording

During the six months ended March 29, 2025, we paid taxes of $3.0 million related to net share settlement of RSUs and we also paid $1.2 million in distributions to or on behalf of Symbotic Holdings partners to fund all or part of their obligations with respect to the taxable income of Symbotic Holdings that is allocated to them.

Current wording

During the nine months ended June 28, 2025, we paid taxes of $3.0 million related to net share settlement of RSUs and we also paid $1.2 million in distributions to or on behalf of Symbotic Holdings partners to fund all or part of their obligations with respect to the taxable income of Symbotic Holdings that is allocated to them. These payments were offset by proceeds received from the issuance of common stock under our ESPP of $3.2 million. No other significant financing activities occurred during the nine months ended June 28, 2025.

Previous wording

Our cash flows from operations along with equity infusions have historically been sufficient to fund our operating activities and other cash requirements. At March 28, 2026, we had a cash and cash equivalents balance of $2,009.4 million. Our cash requirements for the three and six months ended March 28, 2026 were primarily related to inventory purchases in order to deliver our Systems to our customers in an orderly manner in line with our installation timeline, and acquisitions of strategic investments to expand our investment profile.

Current wording

Our cash flows from operations along with equity infusions have historically been sufficient to fund our operating activities and other cash requirements. At June 27, 2026, we had a cash and cash equivalents balance of $1,746.4 million. Our cash requirements for the three and nine months ended June 27, 2026 were primarily related to inventory purchases in order to deliver our Systems to our customers in an orderly manner in line with our installation timeline, and acquisitions of strategic investments to expand our investment profile.