Symbotic Inc. Reports 26% Revenue Growth to $2.25 Billion Despite Net Loss

Symbotic Inc. reported significant financial developments in its recent 10-K filing for the fiscal year ending September 27, 2025. The company generated total revenue of $2.25 billion, marking a 26% increase from $1.79 billion in the previous fiscal year. This growth was primarily driven by a 24% rise in revenue from systems sales, which reached $2.12 billion, attributed to an increase in the number of systems deployed. Additionally, revenue from software maintenance and support surged by 109% to $29.6 million, while operation services revenue increased by 44% to $98.5 million.

Despite the revenue growth, Symbotic reported a net loss of $91 million, slightly higher than the $84.7 million loss recorded in the prior year. The increase in losses was influenced by rising operating expenses, which climbed 48% to $537.6 million, largely due to increased research and development costs and selling, general, and administrative expenses. The company also incurred $22.9 million in restructuring charges related to workforce reductions following its acquisition of Walmart's Advanced Systems and Robotics business.

Strategically, Symbotic made notable advancements, including the acquisition of Walmart's Advanced Systems and Robotics business for $200 million, which is expected to enhance its product offerings in automated fulfillment systems. The company also entered into a Master Automation Agreement with Walmart, committing to deliver 400 micro-fulfillment systems, which could significantly impact future revenue. As of the end of the fiscal year, Symbotic reported a backlog of approximately $22.5 billion, with a substantial portion tied to its agreements with Walmart and its joint venture, GreenBox Systems LLC.

Operationally, Symbotic's workforce grew to approximately 2,000 employees, with nearly half engaged in engineering and research and development roles. The company is also expanding its geographic footprint, having begun operations in Mexico and planning further international expansion. The filing indicates that Symbotic anticipates continued growth driven by increasing demand for automation in supply chain operations, particularly in response to evolving consumer expectations and labor market challenges.

Looking ahead, Symbotic's management expressed optimism about future performance, citing the potential for increased revenue from its backlog and ongoing strategic initiatives. However, the company acknowledged the risks associated with its reliance on major customers, particularly Walmart, and the need to navigate market conditions and competition in the warehouse automation industry.