Symbotic Inc.

For the period ended Jun 27, 2026. Filed Aug 5, 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.

Jun 27, 2026 · Filed Aug 5, 2026

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

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

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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)

	June 27, 2026	September 27, 2025
ASSETS
Current assets:
Cash and cash equivalents	$1,746,446	$1,244,993
Accounts receivable	288,533	186,705
Unbilled accounts receivable	459,843	181,658
Inventories	220,841	164,390
Deferred expenses	59,063	20,532
Prepaid expenses and other current assets	83,060	86,582
Total current assets	2,857,786	1,884,860
Property and equipment, net	158,575	117,649
Intangible assets, net	83,245	79,149
Goodwill	59,871	59,871
Equity method investment	140,468	123,034
Other assets	224,174	131,166
Total assets	$3,524,119	$2,395,729
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$327,807	$286,669
Accrued expenses and other current liabilities	265,517	200,442
Deferred revenue	1,553,749	1,242,312
Total current liabilities	2,147,073	1,729,423
Deferred revenue	182,810	124,932
Other liabilities	60,270	63,629
Total liabilities	2,390,153	1,917,984
Commitments and contingencies (Note 15)	—	—
Equity:
Class A Common Stock, 3,000,000,000 shares authorized, 128,931,651 and 112,635,932 shares issued and outstanding at June 27, 2026 and September 27, 2025, respectively	15	13
Class V-1 Common Stock, 1,000,000,000 shares authorized, 71,373,131 and 74,693,311 shares issued and outstanding at June 27, 2026 and September 27, 2025, respectively	7	7

Class V-3 Common Stock, 450,000,000 shares authorized, 403,559,196 shares issued and outstanding at June 27, 2026 and September 27, 2025	40	40
Additional paid-in capital	2,028,978	1,556,611
Accumulated deficit	(1,317,539)	(1,333,783)
Accumulated other comprehensive loss	(2,732)	(2,695)
Total stockholders’ equity	708,769	220,193
Noncontrolling interest	425,197	257,552
Total equity	1,133,966	477,745
Total liabilities and equity	$3,524,119	$2,395,729

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except share and per share information)

	For the Three Months Ended		For the Nine Months Ended
	June 27, 2026	June 28, 2025	June 27, 2026	June 28, 2025
Revenue:
Systems	$670,952	$559,108	$1,895,740	$1,536,539
Software maintenance and support	12,765	8,121	36,574	20,331
Operation services	37,121	24,892	94,989	71,595
Total revenue	720,838	592,121	2,027,303	1,628,465
Cost of revenue:
Systems	523,607	453,967	1,489,031	1,246,745
Software maintenance and support	3,486	1,705	9,808	5,593
Operation services	32,835	24,607	84,178	72,476
Total cost of revenue	559,928	480,279	1,583,017	1,324,814
Gross profit	160,910	111,842	444,286	303,651
Operating expenses:
Research and development expenses	43,780	49,729	138,069	150,967
Selling, general, and administrative expenses	84,235	71,557	258,020	205,567
Restructuring charges	—	16,361	2,685	16,361
Total operating expenses	128,015	137,647	398,774	372,895
Operating income (loss)	32,895	(25,805)	45,512	(69,244)
Other income, net	30,587	8,451	54,688	27,987
Income (loss) before income tax and equity method investment	63,482	(17,354)	100,200	(41,257)
Income tax benefit (expense)	1,149	(44)	(38)	1,204
Loss from equity method investment	(9,631)	(3,776)	(22,375)	(7,831)
Net income (loss)	55,000	(21,174)	77,787	(47,884)
Net income (loss) attributable to noncontrolling interests	43,327	(17,251)	61,543	(38,982)
Net income (loss) attributable to common stockholders	$11,673	$(3,923)	$16,244	$(8,902)
Income (loss) per share of Class A Common Stock:
Basic	$0.09	$(0.04)	$0.13	$(0.08)
Diluted	$0.09	$(0.04)	$0.12	$(0.08)
Weighted-average shares of Class A Common Stock outstanding:
Basic	128,076,383	109,201,745	123,029,814	107,664,864
Diluted	133,252,947	109,201,745	131,666,538	107,664,864

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)

(in thousands)

	For the Three Months Ended		For the Nine Months Ended
	June 27, 2026	June 28, 2025	June 27, 2026	June 28, 2025
Net income (loss)	$55,000	$(21,174)	$77,787	$(47,884)
Less: Net income (loss) attributable to noncontrolling interests	43,327	(17,251)	61,543	(38,982)
Net income (loss) attributable to common stockholders	$11,673	$(3,923)	$16,244	$(8,902)
Other comprehensive income (loss):
Foreign currency translation adjustments	(89)	109	(177)	(467)
Total other comprehensive income (loss)	(89)	109	(177)	(467)
Less: other comprehensive income (loss) attributable to noncontrolling interests	(70)	89	(140)	(383)
Other comprehensive income (loss) attributable to common stockholders	$(19)	$20	$(37)	$(84)
Comprehensive income (loss)	54,911	(21,065)	77,610	(48,351)
Less: Comprehensive income (loss) attributable to noncontrolling interests	43,257	(17,162)	61,403	(39,365)
Total comprehensive income (loss) attributable to common stockholders	$11,654	$(3,903)	$16,207	$(8,986)

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity

(in thousands, except share information)

	Three Months Ended June 27, 2026
Class A Common Stock · Class V-1 Common Stock · Class V-3 Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income/Loss · Accumulated Deficit · Noncontrolling Interest · Total Equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at March 28, 2026	127,015,993	$14	71,940,208	$7	403,559,196	$40	$2,018,008		$(2,713)		$(1,329,212)		$341,521		$1,027,665
Net income	—	—	—	—	—	—	—	—		11,673		43,327		55,000
Issuance of common stock under stock plans, net of shares withheld for employee taxes	1,348,581	1	—	—	—	—	—	—		—		—		1
Exchange of Class V-1 common stock	567,077	—	(567,077)	—	—	—	3	—		—		(3)		—
Distribution to Symbotic Holdings LLC partners	—	—	—	—	—	—	—	—		—		14		14
Stock-based compensation	—	—	—	—	—	—	10,967	—		—		40,408		51,375
Other comprehensive income (loss)	—	—	—	—	—	—	—	(19)		—		(70)		(89)
Balance at June 27, 2026	128,931,651	$15	71,373,131	$7	403,559,196	$40	$2,028,978		$(2,732)		$(1,317,539)		$425,197		$1,133,966

	Nine Months Ended June 27, 2026
Class A Common Stock · Class V-1 Common Stock · Class V-3 Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income/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	—	—	—	—	—	—	—	—		16,244		61,543			77,787
Issuance of common stock under stock plans, net of shares withheld for employee taxes	4,869,906	1	—	—	—	—	—	—		—		—			1
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	105,633	—	—	—	—	—	3,898	—		—		—			3,898
Exchange of Class V-1 common stock	3,320,180	—	(3,320,180)	—	—	—	12,312	—		—		(12,312)			—
Issuance of common stock in connection with equity offering	8,000,000	1	—	—	—	—	424,307	—		—				424,308
Distribution to Symbotic Holdings LLC partners	—	—	—	—	—	—	—	—		—		(1,208)			(1,208)
Stock-based compensation	—	—	—	—	—	—	31,850	—		—		119,762			151,612
Other comprehensive income (loss)	—	—	—	—	—	—	—	(37)		—		(140)			(177)
Balance at June 27, 2026	128,931,651	$15	71,373,131	$7	403,559,196	$40	$2,028,978		$(2,732)		$(1,317,539)		$425,197			$1,133,966

	Three Months Ended June 28, 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 March 29, 2025	108,380,772	$13	76,223,325	$7	404,309,196	$40	$1,535,899		$(2,698)		$(1,328,165)		$215,118		$420,214
Net loss	—	—	—	—	—	—	—	—		(3,923)		(17,251)		(21,174)
Issuance of common stock under stock plans, net of shares withheld for employee taxes	914,007	—	—	—	—	—	—	—		—		—		—
Exchange of Class V-1 and V-3 common stock	958,154	—	(208,154)	—	(750,000)	—	1,218	—		—		(1,218)		—
Distributions to Symbotic Holdings LLC partners	—	—	—	—	—	—	(6)	—		—		56		50
Stock-based compensation	—	—	—	—	—	—	7,658	—		—		33,306		40,964
Other comprehensive loss	—	—	—	—	—	—	—	20		—		89		109
Balance at June 28, 2025	110,252,933	$13	76,015,171	$7	403,559,196	$40	$1,544,769		$(2,678)		$(1,332,088)		$230,100		$440,163

	Nine Months Ended June 28, 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 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	—	—	—	—	—	—	—	—	(8,902)	(38,982)	(47,884)
Issuance of common stock under stock plans, net of shares withheld for employee taxes	3,853,578	—	—	—	—	—	(3,012)	—	—	—	(3,012)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	206,664	—	—	—	—	—	3,231	—	—	—	3,231
Exchange of Class V-1 and V-3 common stock	1,503,314	—	(753,314)	—	(750,000)	—	3,324	—	—	(3,324)	—
Cancellation of Class V-1 common stock	—	—	(196,901)	—	—	—	—	—	—	—	—
Distributions to Symbotic Holdings LLC partners	—	—	—	—	—	—	(6)	—	—	(1,176)	(1,182)
Stock-based compensation	—	—	—	—	—	—	18,338	—	—	81,011	99,349
Other comprehensive loss	—	—	—	—	—	—	—	(84)	—	(383)	(467)
Balance at June 28, 2025	110,252,933	$13	76,015,171	$7	403,559,196	$40	$1,544,769	$(2,678)	$(1,332,088)	$230,100	$440,163

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