0001837240-25-000152 | 10-Q | XBRL Viewer

Variable Interest Entities (“VIE”) (Tables)

6 Months Ended

Mar. 29, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company’s recorded investments in the unconsolidated VIE and related estimated maximum exposure to loss are as follows (in thousands):


	March 29, 2025
	Investments in Unconsolidated VIE		Symbotic's Maximum Exposure to Loss
GreenBox Systems LLC	$	85,323	$	1,635,228

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Fair Value Measures

6 Months Ended

Mar. 29, 2025

Fair Value Disclosures [Abstract]

Fair Value Measures

The Company measures certain financial assets at fair value. Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market. Inputs used in the valuation techniques to derive fair values are classified based on a three-level hierarchy, as follows:

Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an active market

Level 2 – inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market or model-derived valuations in which all significant inputs are observable for substantially the full term of the asset or liability

Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement of the asset or liability

The following table presents the Company’s financial assets measured and recorded at fair value on a recurring basis using the above input categories as of March 29, 2025 and September 28, 2024 (in thousands):


	March 29, 2025								September 28, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	831,898	$	—	$	—	$	831,898	$	712,958	$	—	$	—	$	712,958
Warrant fair value	—		16,789		—		16,789		—		12,308		—		12,308
Total assets	$	831,898	$	16,789	$	—	$	848,687	$	712,958	$	12,308	$	—	$	725,266

The Company had no liabilities measured and recorded at fair value on a recurring basis as of March 29, 2025 and September 28, 2024.

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The fair value of the Company’s investments in certain money market funds is their face value and such instruments are classified as Level 1 and are included in cash and cash equivalents on the consolidated balance sheets. At March 29, 2025, the fair value of the warrant issued as described in Note 12, Derivative Instruments, is classified as Level 2. Level 2 securities are priced by pricing vendors. These pricing vendors utilize the most recent observable market information in pricing these securities or, if specific prices are not available for these securities, use other observable inputs like market transactions involving identical or comparable securities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Variable Interest Entities (“VIE”) - Schedule of Variable Interest Entities (Details)	Mar. 29, 2025 USD ($)
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss	$ 1,635,200,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in Unconsolidated VIE	85,323,000
Symbotic's Maximum Exposure to Loss	$ 1,635,228,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Property and Equipment

6 Months Ended

Mar. 29, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment at March 29, 2025 and September 28, 2024 consists of the following (in thousands):


	March 29, 2025		September 28, 2024
Computer equipment and software, furniture and fixtures, test equipment, and other equipment	$	153,937	$	114,515
Internal use software	6,366		7,141
Leasehold improvements	10,286		9,576
Total property and equipment	170,589		131,232
Less accumulated depreciation	(46,883)		(34,123)
Property and equipment, net	$	123,706	$	97,109

For the three and six months ended March 29, 2025, depreciation expense was $7.0 million and $13.2 million, respectively. For the three and six months ended March 30, 2024, depreciation expense was $2.5 million and $4.8 million, respectively.

Derivative Instruments	6 Months Ended
Derivative Instruments	Mar. 29, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments During fiscal year 2024, the Company entered into warrant agreements and a development and supply agreement with a supplier which, subject to meeting certain conditions, will entitle the Company to acquire a fixed number of shares of the supplier during the period of time set forth in the warrant agreements. The warrants vest in a series of tranches, at a specified price per share, upon meeting certain development and production-based milestones. If, and when, the relevant milestone is reached, the corresponding tranche of warrant will become exercisable up until the expiration date of the warrants in May 2044. The warrants are accounted for as a derivative under ASC 815, Derivatives and Hedging, as a result of certain net settlement provisions in the warrant agreements. The Company reports the warrants at their fair values within “other assets” in its condensed consolidated balance sheets and changes in the fair value of the warrants are recognized in “other income, net” on its condensed consolidated statements of operations. The day-one value attributable to the other side of the warrants is reported within “other liabilities” in the Company’s condensed consolidated balance sheets and will be amortized over the life of the applicable development and production milestones as determined in the development and supply agreement. The fair value of the warrants recognized within “other assets” on the Company’s condensed consolidated balance sheets at March 29, 2025 is $16.8 million. During the three and six months ended March 29, 2025, the Company recorded a fair value adjustment of $4.5 million to “other income, net” on the Company’s condensed consolidated statements of operations.

Leases - Schedule of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Lessee, Operating Lease, Liability, to be Paid [Abstract]
Remaining fiscal year 2025	$ 2,686
Fiscal year 2026	7,156
Fiscal year 2027	6,876
Fiscal year 2028	5,299
Fiscal year 2029 and thereafter	12,572
Total future minimum payments	34,589
Less: Implied interest	(6,281)
Total lease liabilities	$ 28,308	$ 17,723

Commitments and Contingencies - Schedule of Warranty Accrual (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 36,863	$ 22,323	$ 31,935	$ 18,948
Provision	11,188	5,844	18,508	12,039
Warranty usage	(2,326)	(691)	(4,718)	(3,511)
Balance at end of period	$ 45,725	$ 27,476	$ 45,725	$ 27,476

Revenue (Tables)

6 Months Ended

Mar. 29, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Balances

The following table provides information about accounts receivable, unbilled accounts receivable, and contract liabilities from contracts with customers (in thousands):


	March 29, 2025		September 28, 2024
Accounts receivable	$	137,562	$	201,548
Unbilled accounts receivable	$	160,248	$	218,233
Contract liabilities	$	1,094,449	$	805,547

Schedules of Concentration Risk

The following table represents this customer’s aggregate percent of total revenue.


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Customer A	85.6	%	85.3	%	85.9	%	83.7	%

The following table represents these customers’ aggregate percent of total accounts receivable. The symbol “n/a” indicates that such customer’s accounts receivable balance at the period indicated within the table did not exceed 10% of the Company’s accounts receivable balance.


	March 29, 2025		September 28, 2024
Customer A	66.9	%	92.8	%
Customer B	13.1	%	n/a
Customer C	10.3	%	n/a
Aggregate Percent of Total Accounts Receivable	90.3	%	92.8	%

Fair Value Measures (Details) - Fair Value, Recurring - USD ($)	Mar. 29, 2025	Sep. 28, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	$ 848,687,000	$ 725,266,000
Total liabilities	0	0
Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	831,898,000	712,958,000
Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	16,789,000	12,308,000
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	831,898,000	712,958,000
Money market funds \| Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	831,898,000	712,958,000
Money market funds \| Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Money market funds \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Warrant fair value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	16,789,000	12,308,000
Warrant fair value \| Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Warrant fair value \| Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	16,789,000	12,308,000
Warrant fair value \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Net Loss per Share (Tables)

6 Months Ended

Mar. 29, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Loss Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share information):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Numerator - basic and diluted
Net loss	$	(21,438)	$	(54,830)	$	(39,958)	$	(73,902)
Less: Net loss attributable to the noncontrolling interest	(17,513)		(46,021)		(32,557)		(62,257)
Net loss attributable to common stockholders	$	(3,925)	$	(8,809)	$	(7,401)	$	(11,645)
Denominator - basic and diluted
Weighted-average shares of Class A common shares outstanding	107,726,978		93,043,769		106,900,622		88,155,791
Loss per share of Class A common stock - basic and diluted	$	(0.04)	$	(0.09)	$	(0.07)	$	(0.13)

Segment and Geographic Information

6 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Segment and Geographic Information

The Company operates as one operating segment. Revenue and property and equipment, net by geographic region, based on physical location of the operations recording the sale or the assets are as follows:

Revenue by geographical region for the three and six months ended March 29, 2025 and March 30, 2024 are as follows (in thousands):


	Three Months Ended					Six Months Ended
	March 29, 2025			March 30, 2024		March 29, 2025			March 30, 2024
United States	$	524,503		$	392,334	$	1,010,688		$	751,223
International	25,148			998		25,656			2,052
Total revenue	$	549,651		$	393,332	$	1,036,344		$	753,275
Percentage of revenue generated outside of the United States	5		%	nil		2		%	nil

Total property and equipment, net by geographical region at March 29, 2025 and at September 28, 2024 are as follows (in thousands):


	March 29, 2025		September 28, 2024
United States	$	123,531	$	96,802
International	175		307
Total property and equipment, net	$	123,706	$	97,109
Percentage of property and equipment, net held outside of the United States	nil		nil

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

Noncontrolling Interests

6 Months Ended

Mar. 29, 2025

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling interests represent the portion of net assets in consolidated entities that are not owned by the Company.

The following table summarizes the ownership of Symbotic stock for the three months ended March 29, 2025.


	Class A Common Stock	Class V-1 and Class V-3 Common Stock	Total	Class A Common Stock		Class V-1 and Class V-3 Common Stock		Total
Balance at December 28, 2024	106,521,915	480,897,814	587,419,729
Issuances	1,493,564	—	1,493,564
Exchanges	365,293	(365,293)	—
Balance at March 29, 2025	108,380,772	480,532,521	588,913,293	18.4	%	81.6	%	100	%

The following table summarizes the ownership of Symbotic stock for the six months ended March 29, 2025.


	Class A Common Stock	Class V-1 and Class V-3 Common Stock	Total	Class A Common Stock		Class V-1 and Class V-3 Common Stock		Total
Balance at September 28, 2024	104,689,377	481,274,582	585,963,959
Issuances	3,146,235	—	3,146,235
Exchanges	545,160	(545,160)	—
Cancellations	—	(196,901)	(196,901)
Balance at March 29, 2025	108,380,772	480,532,521	588,913,293	18.4	%	81.6	%	100	%

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($)	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Income Tax Disclosure [Abstract]
Current income tax expense	$ 1,400,000	$ 200,000	$ 1,200,000	$ 100,000
Effective tax rate	6.12%	0.46%	3.03%	0.13%
Future payments, tax receivable agreement	$ 433,100,000		$ 433,100,000
Tax receivable agreement, liability	$ 0		$ 0

Stock-Based Compensation and Warrant Units (Tables)

6 Months Ended

Mar. 29, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations (in thousands):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
RSUs (service-based and performance-based)	$	44,808	$	27,568	$	70,632	$	56,555
Employee stock purchase plan	932		497		1,882		972
Total stock-based compensation expense	$	45,740	$	28,065	$	72,514	$	57,527

Effect of stock-based compensation expense on income by line item (in thousands):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Cost of revenue, Systems	$	10,532	$	3,839	$	13,680	$	6,554
Cost of revenue, Software maintenance and support	247		60		344		235
Cost of revenue, Operation services	484		671		948		1,212
Research and development	14,317		12,789		24,872		25,086
Selling, general, and administrative	20,160		10,706		32,670		24,440
Total stock-based compensation expense	$	45,740	$	28,065	$	72,514	$	57,527

Leases (Tables)

6 Months Ended

Mar. 29, 2025

Leases [Abstract]

Schedule of Balance Sheet Location of Operating Leases

The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands):


	March 29, 2025		September 28, 2024
ROU assets:
Other assets	$	24,475	$	15,257

Lease Liabilities:
Accrued expenses and other current liabilities	$	4,382	$	1,647
Other liabilities	23,926		16,076
Total lease liabilities	$	28,308	$	17,723

Schedule of Operating Lease Liabilities

The following table presents maturities of the Company’s operating lease liabilities as of March 29, 2025, presented under Accounting Standards Codification Topic 842 (in thousands):


	March 29, 2025
Remaining fiscal year 2025	$	2,686
Fiscal year 2026	7,156
Fiscal year 2027	6,876
Fiscal year 2028	5,299
Fiscal year 2029 and thereafter	12,572
Total future minimum payments	$	34,589
Less: Implied interest	(6,281)
Total lease liabilities	$	28,308

Intangible Assets and Goodwill - Schedule of Future Annual Pre-Tax Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Mar. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Total	$ 125,793
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Remaining fiscal year 2025	10,831
Fiscal year 2026	21,662
Fiscal year 2027	21,414
Fiscal year 2028	17,401
Fiscal year 2029 and thereafter	54,485
Total	$ 125,793	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Mar. 29, 2025

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table summarizes the end-of-period cash and cash equivalents from the Company’s Consolidated Balance Sheets and the total cash, cash equivalents, and restricted cash as presented on the accompanying Consolidated Statements of Cash Flows (in thousands):


	Six Months Ended
	March 29, 2025		March 30, 2024
Cash and cash equivalents	$	954,944	$	901,382
Restricted cash classified in:
Prepaid expenses and other current assets	870		—
Other assets	2,188		2,860
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	958,002	$	904,242

Schedule of Restricted Cash


	Six Months Ended
	March 29, 2025		March 30, 2024
Cash and cash equivalents	$	954,944	$	901,382
Restricted cash classified in:
Prepaid expenses and other current assets	870		—
Other assets	2,188		2,860
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	958,002	$	904,242

Cover - shares	6 Months Ended
Cover - shares	Mar. 29, 2025	May 06, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 29, 2025
Document Transition Report	false
Entity File Number	001-40175
Entity Registrant Name	SYMBOTIC INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1572401
Entity Address, Address Line One	200 Research Drive
Entity Address, City or Town	Wilmington
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01887
City Area Code	978
Local Phone Number	284-2800
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	SYM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001837240
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--09-27
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		109,080,019
Class V-1 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		76,221,325
Class V-3 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		404,309,196

Property and Equipment (Tables)

6 Months Ended

Mar. 29, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment at March 29, 2025 and September 28, 2024 consists of the following (in thousands):


	March 29, 2025		September 28, 2024
Computer equipment and software, furniture and fixtures, test equipment, and other equipment	$	153,937	$	114,515
Internal use software	6,366		7,141
Leasehold improvements	10,286		9,576
Total property and equipment	170,589		131,232
Less accumulated depreciation	(46,883)		(34,123)
Property and equipment, net	$	123,706	$	97,109

Organization and Operations	6 Months Ended
Organization and Operations	Mar. 29, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Organization and Operations SVF Investment Corp. 3, formerly known as SVF Investment III Corp., (“SVF 3” and, after the transactions described below, “Symbotic” or the “Company”) was a blank check company incorporated as a Cayman Islands exempted company on December 11, 2020. Warehouse Technologies LLC (“Legacy Warehouse”) was formed in December 2006 to make investments in companies that develop new technologies to improve operating efficiencies in modern warehouses. Symbotic LLC, a technology company that develops and commercializes innovative technologies for use within warehouse operations, and Symbotic Group Holdings, ULC were wholly owned subsidiaries of Legacy Warehouse. On December 12, 2021, (i) SVF 3 entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Legacy Warehouse, Symbotic Holdings LLC (“Symbotic Holdings”), and Saturn Acquisition (DE) Corp., a wholly owned subsidiary of SVF 3 (“Merger Sub”), and (ii) Legacy Warehouse entered into an Agreement and Plan of Merger (the “Company Merger Agreement”) with Symbotic Holdings. On June 7, 2022, as contemplated by the Company Merger Agreement, Legacy Warehouse merged with and into Symbotic Holdings (the “Company Reorganization”), with Symbotic Holdings surviving the merger (“Interim Symbotic”). Immediately following such merger, on June 7, 2022, as contemplated by the Merger Agreement, SVF 3 transferred by way of continuation from the Cayman Islands and domesticated as a Delaware corporation, changing its name to “Symbotic Inc.”. Immediately following the domestication of SVF 3, on June 7, 2022, as contemplated by the Merger Agreement, Merger Sub merged with and into Interim Symbotic (the “Merger” and, together with the Company Reorganization, the “Business Combination”), with Interim Symbotic surviving the merger as a subsidiary of Symbotic (“New Symbotic Holdings”). Symbotic is an automation technology company established to develop technologies to improve operating efficiencies in modern warehouses. The Company’s vision is to make the supply chain work better for everyone. The Company does this by developing innovative, comprehensive technology solutions that dramatically improve supply chain operations. The Company currently automates the processing of pallets and cases in large warehouses for some of the largest retail companies in the world. Its systems enhance operations at the front end of the supply chain, and therefore benefit all supply partners further down the chain, irrespective of fulfillment strategy. The Company’s headquarters are located in Wilmington, Massachusetts, and its Canadian headquarters are located in Montreal, Quebec.

Segment and Geographic Information (Tables)

6 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Schedule of Revenue and Property and Equipment by Geographical Region

Revenue by geographical region for the three and six months ended March 29, 2025 and March 30, 2024 are as follows (in thousands):


	Three Months Ended					Six Months Ended
	March 29, 2025			March 30, 2024		March 29, 2025			March 30, 2024
United States	$	524,503		$	392,334	$	1,010,688		$	751,223
International	25,148			998		25,656			2,052
Total revenue	$	549,651		$	393,332	$	1,036,344		$	753,275
Percentage of revenue generated outside of the United States	5		%	nil		2		%	nil

Total property and equipment, net by geographical region at March 29, 2025 and at September 28, 2024 are as follows (in thousands):


	March 29, 2025		September 28, 2024
United States	$	123,531	$	96,802
International	175		307
Total property and equipment, net	$	123,706	$	97,109
Percentage of property and equipment, net held outside of the United States	nil		nil

Business Acquisitions- Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Jan. 27, 2025	Mar. 29, 2025	Mar. 29, 2025	Mar. 30, 2024
Asset Acquisition [Line Items]
Business acquisition-related costs		$ 3,300	$ 7,100
Payments to acquire businesses, gross			200,000	$ 0
Walmart Advanced Systems & Robotics Inc.
Asset Acquisition [Line Items]
Payments to acquire businesses, gross	$ 200,000
Advanced Systems & Robotics Inc.
Asset Acquisition [Line Items]
Developed technology intangible assets			$ 115,000
Weighted average useful life			7 years

Intangible Assets and Goodwill - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Dec. 31, 2024	Mar. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 130,861
Accumulated Amortization	(5,068)
Net Book Value	$ 125,793
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in Years)	6 years 6 months	6 years 6 months
Gross Carrying Amount	$ 130,861
Accumulated Amortization	(5,068)
Net Book Value	$ 125,793		$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 29, 2025 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Daniela Rus [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On February 24, 2025, Daniela Rus, a director of the Company, entered into a trading plan pursuant to Rule 10b5-1 of the Exchange Act. Ms. Rus’ Rule 10b5-1 trading plan provides for the sale of up to a maximum of 17,411 shares of Class A Common Stock that she has received following the vesting of various RSU grants. Ms. Rus’ Rule 10b5-1 trading plan expires on April 30, 2026, or earlier if all transactions under the trading arrangement are completed. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c) under the Exchange Act.
Name	Daniela Rus
Title	director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 24, 2025
Expiration Date	April 30, 2026
Arrangement Duration	430 days
Aggregate Available	17,411
Merline Saintil [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On February 25, 2025, Merline Saintil, a director of the Company, entered into a trading plan pursuant to Rule 10b5-1 of the Exchange Act. Ms. Saintil’s Rule 10b5-1 trading plan provides for the sale of up to a maximum of 1,224 shares of Class A Common Stock that she has received or will receive following the vesting of various RSU grants. Ms. Saintil’s Rule 10b5-1 trading plan expires on December 31, 2025, or earlier if all transactions under the trading arrangement are completed. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c) under the Exchange Act.
Name	Merline Saintil
Title	director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 25, 2025
Expiration Date	December 31, 2025
Arrangement Duration	309 days
Aggregate Available	1,224

Stock-Based Compensation and Warrant Units - Narrative (Details) - Warrant fair value - GreenBox Warrants		6 Months Ended
	Jul. 23, 2023 tranche $ / shares shares	Mar. 29, 2025 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants authorized (in shares)	11,434,360
Granted (in dollars per share) \| $ / shares	$ 19.90
Number of warrant tranches \| tranche	8
Additional warrants per tranche (in shares)	1,429,295
Exercise price of warrants or rights (in dollars per share) \| $ / shares	$ 41.9719
Warrant term		36 months
Redeemed (in shares)		0

Inventories (Tables)

6 Months Ended

Mar. 29, 2025

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at March 29, 2025 and September 28, 2024 consist of the following (in thousands):


	March 29, 2025		September 28, 2024
Raw materials and components	$	103,655	$	72,279
Work in process	—		4,538
Finished goods	42,626		29,319
Total inventories	$	146,281	$	106,136

Intangible Assets and Goodwill (Tables)

6 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table presents acquired intangible assets that are subject to amortization as of March 29, 2025 (in thousands). There were no acquired intangible assets that are subject to amortization as of March 30, 2024.


		March 29, 2025
	Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Developed technology	6.5	$	130,861	$	(5,068)	$	125,793
Total		$	130,861	$	(5,068)	$	125,793

Schedule of Future Annual Pre-Tax Amortization Expense

The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated (in thousands):


	Developed Technology
Remaining fiscal year 2025	$	10,831
Fiscal year 2026	21,662
Fiscal year 2027	21,414
Fiscal year 2028	17,401
Fiscal year 2029 and thereafter	54,485
Total	$	125,793

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 29, 2025
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in U.S. dollars, in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes prepared in accordance with GAAP have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto as of, and for the year ended, September 28, 2024, which are included within the Company’s Annual Report on Form 10-K filed with the SEC on December 4, 2024. The September 28, 2024 consolidated balance sheet included herein is derived from the Company’s audited consolidated financial statements. As a result of displaying amounts in thousands, rounding differences may exist in the financial statements and footnote tables.
Consolidation	The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned subsidiaries and reflect all adjustments (consisting solely of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements include 100% of the accounts of wholly owned and majority-owned subsidiaries and the ownership interest of the minority investor is recorded as a non-controlling interest in a subsidiary. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.
Fiscal Period	The Company operates and reports using a 52-53 week fiscal year ending on the last Saturday of September of each calendar year. Each of the Company’s fiscal quarters end on the last Saturday of the third month of each quarter.
Use of Estimates	The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses, and the amounts disclosed in the related notes to the consolidated financial statements. Actual results and outcomes may differ materially from management’s estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, useful lives and realizability of long-lived assets, accounting for income taxes and related valuation allowances, and stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience.
Business Acquisitions	The Company allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair value of these identifiable assets and liabilities is recorded as goodwill. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the fair value of these assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the final determination of the fair value of assets acquired or liabilities assumed, any subsequent adjustments are recorded to the consolidated statements of operations. Determining the fair value of the tangible assets acquired, liabilities assumed, and intangible assets requires management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, cash flows that an asset is expected to generate in the future, technology migration curves, discount rates, and useful lives. While the Company uses its best estimates and judgements, the estimates are inherently uncertain and subject to refinement. Acquisition-related transaction costs are expensed as incurred.
Goodwill	Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. The Company considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its annual impairment test on the first day of its fourth fiscal quarter. The Company’s goodwill is evaluated at the consolidated level as it has been determined there is one operating segment comprised of one reporting unit. The Company performs a quantitative or qualitative assessment, which compares the fair value of the reporting unit with its carrying value. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized. The Company will perform this assessment on the first day of the fourth fiscal quarter, or June 29, 2025.
Presentation of Restricted Cash	Restricted cash primarily consists of collateral required for a credit card processing program and a U.S. customs bond. The short-term or long-term classification is determined in accordance with the required amount of time the cash is to be held as collateral, which is short-term for less than 12 months, and long-term for greater than 12 months from the balance sheet date.
Recent Accounting Pronouncements	In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 enhances segment reporting under Topic 280 by expanding the breadth and frequency of segment disclosures. ASU 2023-07 requires disclosure of significant expenses that are regularly provided to an entity’s chief operating decision maker (“CODM”) and included in the reported measure(s) of a segment’s profit or loss. When applying this disclosure requirement, an entity identifies the segment expenses that are regularly provided to the CODM or easily computable from information that is regularly provided to the CODM. Entities are also required to disclose other segment items, i.e., the difference between reported segment revenue less the significant segment expenses and the reported measure(s) of a segment’s profit or loss. ASU 2023-07 also clarifies that single reportable segment entities are subject to Topic 280 in its entirety. ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. The amendments in ASU 2023-07 should be adopted retrospectively unless impracticable. Early adoption is permitted. The disclosures required by ASU 2023-07 are not expected to have a material effect on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires public entities, on an annual basis, to provide: a tabular rate reconciliation (using both percentages and reporting currency amounts) of (1) the reported income tax expense (or benefit) from continuing operations, to (2) the product of the income (or loss) from continuing operations before income taxes and the applicable statutory federal (national) income tax rate of the jurisdiction (country) of domicile using specific categories, and separate disclosure for any reconciling items within certain categories that are equal to or greater than a specified quantitative threshold. For each annual period presented, ASU 2023-09 also requires all reporting entities to disclose the year-to-date amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign. It also requires additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). ASU 2023-09 is effective for public entities for fiscal years beginning after December 15, 2024. ASU 2023-09 is to be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40) - Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires additional disclosure about specified categories of expenses included in relevant expense captions presented on the income statement. The amendments are effective for annual periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively or retrospectively. The Company is currently evaluating the impact that ASU 2024-03 will have on its disclosures. The Company considers the applicability and impact of all ASUs issued by the FASB. There are no other accounting pronouncements which have been issued but are not yet effective that would have a material impact on the consolidated financial statements when adopted.

Segment and Geographic Information - Revenue by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Segment Reporting Information [Line Items]
Total revenue	$ 549,651	$ 393,332	$ 1,036,344	$ 753,275
United States
Segment Reporting Information [Line Items]
Total revenue	524,503	392,334	1,010,688	751,223
International
Segment Reporting Information [Line Items]
Total revenue	$ 25,148	$ 998	$ 25,656	$ 2,052
Non-US \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	5.00%	0.00%	2.00%	0.00%

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - shares	Mar. 29, 2025	Sep. 28, 2024
Common stock, outstanding (in shares)	588,913,293	585,963,959
Class A Common Stock
Common stock, authorized (in shares)	3,000,000,000	3,000,000,000
Common stock, issued (in shares)	108,380,772	104,689,377
Common stock, outstanding (in shares)	108,380,772	104,689,377
Class V-1 Common Stock
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	76,223,325	76,965,386
Common stock, outstanding (in shares)	76,223,325	76,965,386
Class V-3 Common Stock
Common stock, authorized (in shares)	450,000,000	450,000,000
Common stock, issued (in shares)	404,309,196	404,309,196
Common stock, outstanding (in shares)	404,309,196	404,309,196

Leases - Narrative (Details) $ in Millions	6 Months Ended
Leases - Narrative (Details) $ in Millions	Mar. 29, 2025 USD ($)
Leases [Abstract]
Operating lease, weighted average incremental borrowing rate	7.60%
Operating lease, weighted average remaining lease term	5 years
Operating lease, payments	$ 1.2

Revenue

6 Months Ended

Mar. 29, 2025

Revenue from Contract with Customer [Abstract]

Revenue

The Company generates revenue through its design and installation of supply chain automation systems (the “System”) to automate customers’ depalletizing, storage, selection, and palletization warehousing processes. The System has both a hardware component and an essential software component that enables the System to be programmed to operate within specific customer environments. The Company enters into contracts with customers that can include various combinations of services to design and install the System. These services are generally distinct and accounted for as separate performance obligations. As a result, each customer contract may contain multiple performance obligations. The Company determines whether performance obligations are distinct based on whether the customer can benefit from the good or service on its own or together with other resources that are readily available and whether the Company’s commitment to provide the goods or services to the customer is separately identifiable from other obligations in the contract.

The Company recognizes revenue upon transfer of control of promised goods or services in a contract with a customer, generally as title and risk of loss pass to the customer, in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Revenue is recognized only to the extent that it is probable that a significant reversal of revenue will not occur and when collection is considered probable. In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined its contracts do not include a significant financing component. Taxes collected from customers, which are subsequently remitted to governmental authorities, are excluded from revenue. Shipping and handling costs billed to customers are included in revenue and the related costs are included in cost of revenue when incurred. The Company presents amounts collected from customers for sales and other taxes net of the related amounts remitted.

The design, assembly, and installation of a System includes substantive customer-specified acceptance criteria that allow the customer to accept or reject Systems that do not meet the customer’s specifications. When the Company cannot objectively determine that acceptance criteria will be met upon contract inception, revenue relating to Systems is deferred and recognized at a point in time upon final acceptance from the customer. If acceptance can be reasonably certain upon contract inception, revenue is recognized over time based on an input method, using a cost-to-cost measure of progress. Under this method, revenue is recorded based on the ratio of costs incurred over total estimated contract costs. This method provides a faithful depiction of the transfer of the System to the customer because the costs incurred represent the Company’s inputs towards satisfying the performance obligation.

Disaggregation of Revenue

The Company provides disaggregation of revenue based on product and service type on the consolidated statements of operations as it believes these categories best depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

Contract Balances

The following table provides information about accounts receivable, unbilled accounts receivable, and contract liabilities from contracts with customers (in thousands):


	March 29, 2025		September 28, 2024
Accounts receivable	$	137,562	$	201,548
Unbilled accounts receivable	$	160,248	$	218,233
Contract liabilities	$	1,094,449	$	805,547

The change in the opening and closing balances of the Company’s accounts receivable primarily results from the increase in customer system implementations in the current fiscal year as well as the timing of when customer payments are due. The change in the opening and closing balances of the Company’s contract liabilities primarily results from the timing difference between the Company’s performance and customer payments. The Company’s performance obligations are typically satisfied over time as work is performed. Payment from customers can vary, and is often received in advance of satisfaction of the performance obligations, resulting in a contract liability balance. During the six months ended March 29, 2025, the Company recognized $420.0 million of the contract liability balance at September 28, 2024, as revenue upon transfer of the products or services to customers. During the six months ended March 30, 2024, the Company recognized $459.2 million of the contract liability balance at September 30, 2023, as revenue upon transfer of the products or services to customers.

Remaining Performance Obligations

Remaining performance obligations represent the aggregate amount of the transaction price allocated to performance obligations not delivered, or partially undelivered, at the end of the reporting period. Remaining performance obligations include deferred revenue plus unbilled amounts not yet recorded in deferred revenue. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in scope of contracts, periodic revalidation, adjustments for revenue that have not materialized, adjustments for inflation, and adjustments for currency. The definition of remaining performance obligations excludes those contracts that provide the customer with the right to cancel or terminate the contract without incurring a substantial penalty as well as operation services contracts. For contracts with a duration of greater than one year, the transaction price allocated to performance obligations that are unsatisfied as of March 29, 2025 was $22.7 billion, which is primarily comprised of undelivered or partially undelivered Systems under contract, and which a substantial majority relates to undelivered or partially undelivered Systems in connection with the Master Automation Agreement (“MAA”) with Walmart Inc. (“Walmart”) to implement Systems in all of Walmart’s 42 regional distribution centers, and in connection with the Commercial Agreement with GreenBox Systems LLC (“GreenBox”) under which Symbotic will implement its System into GreenBox distribution center locations. As the Company accounts for GreenBox as an equity method investment, the remaining performance obligation includes the Company’s proportionate share of unconsolidated variable interest entity contracts. In the second quarter of fiscal year 2025, Symbotic LLC entered into a Master Automation Agreement (“2025 MAA”), which sets forth the terms and conditions governing the development, manufacture, and installation of accelerated pickup and delivery systems (“APDs”) by Symbotic LLC for Walmart. The 2025 MAA provides for a commitment, subject to the satisfaction of defined system performance metrics of the APDs, from Walmart to purchase 400 APDs, which could increase the Company’s future remaining performance obligation by more than $5.0 billion. The Company expects to recognize approximately 11% of its remaining performance obligations as revenue in the next 12 months, approximately 53% of its remaining performance obligations as revenue within the following 13 to 60 months, and the remaining thereafter, which is dependent on the timing of System installation timelines. The Company does not disclose the value of remaining performance obligations for contracts with an original expected duration of one year or less.

Significant Customers

For the three and six months ended March 29, 2025 and March 30, 2024, there was one customer, including all affiliates, subsidiaries, and consolidated entities, that individually accounted for 10% or more of total revenue. The following table represents this customer’s aggregate percent of total revenue.


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Customer A	85.6	%	85.3	%	85.9	%	83.7	%

At March 29, 2025, three customers accounted for over 10% of the Company’s accounts receivable balance, and one customer accounted for over 10% of the Company’s accounts receivable balance at September 28, 2024. The following table represents these customers’ aggregate percent of total accounts receivable. The symbol “n/a” indicates that such customer’s accounts receivable balance at the period indicated within the table did not exceed 10% of the Company’s accounts receivable balance.


	March 29, 2025		September 28, 2024
Customer A	66.9	%	92.8	%
Customer B	13.1	%	n/a
Customer C	10.3	%	n/a
Aggregate Percent of Total Accounts Receivable	90.3	%	92.8	%

The concentration in the volume of business transacted with these customers may lead to a material impact on the Company’s results from operations if a total or partial loss of the business relationship were to occur. As of the date of the issuance of these financial statements, the Company is not aware of any specific event or circumstance which would result in a material adverse impact to its results of operations or liquidity and financial condition.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 29, 2025 USD ($)	Mar. 30, 2024 USD ($)	Mar. 29, 2025 USD ($) segment reportingUnit	Mar. 30, 2024 USD ($)
Product Information [Line Items]
Number of operating segments \| segment			1
Number of reporting units \| reportingUnit			1
One Supplier \| Cost of Goods and Service Benchmark \| Supplier Concentration Risk
Product Information [Line Items]
Volume of purchases	$ 61.1		$ 104.2	$ 94.9
Two Suppliers \| Cost of Goods and Service Benchmark \| Supplier Concentration Risk
Product Information [Line Items]
Volume of purchases		$ 92.0

Subsequent Events (Details) - Subsequent Event $ in Millions	May 07, 2025 USD ($) employee
Minimum
Subsequent Event [Line Items]
Expected number of positions eliminated \| employee	320
Expected cost \| $	$ 12.0
Maximum
Subsequent Event [Line Items]
Expected number of positions eliminated \| employee	390
Expected cost \| $	$ 14.0

Leases - Schedule of Balance Sheet Location of Operating Leases (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
ROU assets:
Operating lease, right-of-use asset	$ 24,475	$ 15,257
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Lease Liabilities:
Operating lease, liability, current	$ 4,382	$ 1,647
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating lease, liability, noncurrent	$ 23,926	$ 16,076
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Total lease liabilities	$ 28,308	$ 17,723

Segment and Geographic Information - Narrative (Details)	6 Months Ended
	Mar. 29, 2025 segment
Segment Reporting [Abstract]
Number of operating segments	1

Commitments and Contingencies

6 Months Ended

Mar. 29, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Purchase Obligations

The Company has contractual obligations to purchase goods or services, which specify significant terms, including fixed or minimum quantities to be purchased and fixed, minimum, or variable price provisions. As of March 29, 2025, the purchase commitments covered by these arrangements are $1.0 billion in the aggregate, of which $0.9 billion are less than one year.

Lease Commitments

The Company leases certain of its facilities under operating leases expiring in various years through 2030. Refer to Note 5, Leases, for a schedule of future lease payments under non-cancellable leases as of March 29, 2025.

Warranty

The Company provides a limited warranty on its Systems and has established a reserve for warranty obligations based on estimated warranty costs. The reserve is included as part of accrued expenses and other long-term liabilities in the accompanying consolidated balance sheets.

Activity related to the warranty accrual is as follows (in thousands):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Balance at beginning of period	$	36,863	$	22,323	$	31,935	$	18,948
Provision	11,188		5,844		18,508		12,039
Warranty usage	(2,326)		(691)		(4,718)		(3,511)
Balance at end of period	$	45,725	$	27,476	$	45,725	$	27,476

Legal Matters

The Company is subject from time to time to various claims, lawsuits and other legal and administrative proceedings. Some of these claims, lawsuits and other proceedings may involve highly complex issues that are subject to substantial uncertainties, and could result in damages, fines and penalties, non-monetary sanctions or relief.

The Company recognizes provisions for claims or pending litigation when it is determined that an unfavorable outcome is probable, and the amount of loss can be reasonably estimated. Due to the inherent uncertain nature of litigation, the ultimate outcome or actual cost of settlement may materially vary from estimates.

SEC Matters

The Company has been responding to requests for information from the SEC relating to an investigation by the SEC of alleged violations by the Company of Rule 21F-17, which prohibits actions to impede communications directly with the SEC staff about a possible securities law violation. The Company intends to continue to defend this matter vigorously and cannot predict the outcome of this investigation.

The Company has received a subpoena from the SEC relating to its November 2024 restatement of revenues for the year ended September 28, 2024 and certain other matters. The Company is cooperating with the SEC with respect to this matter.

Securities Class Actions

On August 14, 2024, a putative class action captioned Fox v. Symbotic Inc. et al., Case No. 24-cv-12090 was filed in the United States District Court for the District of Massachusetts by an alleged holder of the Company’s common stock. On March 10, 2025, the plaintiff voluntarily dismissed this action without prejudice pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(i).

On December 3, 2024, a putative class action captioned Decker v. Symbotic Inc. et al., Case No. 24-cv-12976 was filed in the United States District Court for the District of Massachusetts by an alleged purchaser of the Company’s common stock. The complaint asserts claims for violations of federal securities laws against the Company and three of its officers on the grounds that the Company made false and/or misleading statements related to its revenue recognition and the effectiveness of its disclosure controls and procedures. Based on these allegations, the plaintiff brings claims seeking unspecified damages, attorneys’ fees, expert fees, and other costs and relief on behalf of himself and a putative class of persons who purchased the Company’s stock between February 8, 2024 and November 26, 2024. On May 5, 2025, the court entered an order appointing a lead plaintiff pursuant to the Private Securities Litigation Reform Act and setting a schedule for the filing of an amended complaint and the Company’s response to the complaint. The plaintiff’s amended complaint is due on July 11, 2025.

The Company intends to vigorously defend this case. If a court ultimately determines that the Company is liable in this case, the Company may be subject to substantial damages. The Company cannot predict with any degree of certainty the outcome of this matter or determine the extent of any potential liabilities. The Company also cannot provide an estimate of the possible loss or range of loss. Any adverse outcome in this matter could expose the Company to substantial damages that may have a material adverse impact on its operations and cash flows. Despite the potential for significant damages, the Company does not believe, based on currently available information, that the outcome of this proceeding will have a material adverse effect on its financial condition, although the outcome could be material to its operating results for any particular period, depending, in part, upon the operating results for such period.

Shareholder Derivative Actions

On October 2, 2024, two putative shareholder derivative actions captioned Austen v. Cohen et al., 24-cv-12522 and Kukreja v. Cohen et al., 24-cv-12523 were filed in the United States District Court for the District of Massachusetts by the Company’s alleged shareholders. The actions assert claims on behalf of the Company against certain senior officers and members of its board of directors for, among others, breach of fiduciary duty, unjust enrichment, and violations of federal securities laws based primarily on allegations that the defendants caused or allowed the Company to disseminate misleading and inaccurate information to shareholders in connection with the Company’s expected earnings for the third quarter of fiscal year 2024. The actions also contend that the defendants wasted corporate assets by exposing the Company to the securities class action lawsuit filed on August 14, 2024. The actions seek compensatory damages, changes to corporate governance and internal procedures, restitution, costs and attorneys’ fees, and other unspecified relief. Motions to consolidate the two actions into a single matter, appoint lead plaintiffs’ counsel, and stay any obligation of the defendants to respond to the complaint based on the pendency of the related securities class action lawsuit remain pending.

The Company intends to vigorously defend these cases. If a court ultimately determines that the Company is liable, the Company may be subject to substantial damages. The Company cannot predict with any degree of certainty the outcome of this matter or determine the extent of any potential liabilities. The Company also cannot provide an estimate of the possible loss or range of loss. Any adverse outcome in this matter could expose the Company to substantial damages that may have a material adverse impact on its operations and cash flows. Despite the potential for significant damages, the Company does not believe, based on currently available information, that the outcome of this proceeding will have a material adverse effect on its financial condition, although the outcome could be material to its operating results for any particular period, depending, in part, upon the operating results for such period.

Contingencies

Liabilities for any loss contingencies arising from claims, assessments, litigation, fines, penalties, and other matters are recorded when it is probable that the liability has been incurred and the amount of the liability can be reasonably estimated. Legal costs associated with loss contingencies are expensed as incurred. As of March 29, 2025, the Company has made appropriate provisions related to such matters and does not believe that such matters will have a material adverse effect on the Company’s consolidated operations, financial position, or liquidity.

Indemnifications

In the ordinary course of business, the Company enters into various contracts under which it may agree to indemnify other parties for losses incurred from certain events as defined in the relevant contract, such as litigation, regulatory penalties, or claims relating to past performance. Such indemnification obligations may not be subject to maximum loss clauses. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification obligations. As a result, the Company believes the estimated fair value of these obligations is minimal. Accordingly, the Company has no liabilities recorded for these obligations as of March 29, 2025 and September 28, 2024.

Derivative Instruments (Details) $ in Millions	3 Months Ended	6 Months Ended
Derivative Instruments (Details) $ in Millions	Mar. 29, 2025 USD ($)	Mar. 29, 2025 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, noncurrent, statement of financial position flag	Other assets	Other assets
Derivative asset, noncurrent	$ 16.8	$ 16.8
Fair value adjustment of warrants	$ 4.5	$ 4.5

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Statement of Comprehensive Income [Abstract]
Net loss	$ (21,438)	$ (54,830)	$ (39,958)	$ (73,902)
Less: Net loss attributable to noncontrolling interests	(17,513)	(46,021)	(32,557)	(62,257)
Net loss attributable to common stockholders	(3,925)	(8,809)	(7,401)	(11,645)
Other comprehensive loss:
Foreign currency translation adjustments	(13)	(502)	(576)	(141)
Changes in unrealized gain on investments, net of income taxes of $— for the three and six months ended March 29, 2025 and March 30, 2024	0	(3,251)	0	(4,163)
Total other comprehensive loss	(13)	(3,753)	(576)	(4,304)
Less: other comprehensive loss attributable to noncontrolling interests	(11)	(3,150)	(472)	(3,618)
Other comprehensive loss attributable to common stockholders	(2)	(603)	(104)	(686)
Comprehensive loss	(21,451)	(58,583)	(40,534)	(78,206)
Less: Comprehensive loss attributable to noncontrolling interests	(17,524)	(49,171)	(33,029)	(65,875)
Total comprehensive loss attributable to common stockholders	$ (3,927)	$ (9,412)	$ (7,505)	$ (12,331)

Commitments and Contingencies (Tables)

6 Months Ended

Mar. 29, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Warranty Accrual

Activity related to the warranty accrual is as follows (in thousands):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Balance at beginning of period	$	36,863	$	22,323	$	31,935	$	18,948
Provision	11,188		5,844		18,508		12,039
Warranty usage	(2,326)		(691)		(4,718)		(3,511)
Balance at end of period	$	45,725	$	27,476	$	45,725	$	27,476

Net Loss per Share

6 Months Ended

Mar. 29, 2025

Earnings Per Share [Abstract]

Net Loss per Share

Basic earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive elements. Since the Company incurred net losses for each of the periods presented, diluted net loss per share is the same as basic net loss per share.


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Numerator - basic and diluted
Net loss	$	(21,438)	$	(54,830)	$	(39,958)	$	(73,902)
Less: Net loss attributable to the noncontrolling interest	(17,513)		(46,021)		(32,557)		(62,257)
Net loss attributable to common stockholders	$	(3,925)	$	(8,809)	$	(7,401)	$	(11,645)
Denominator - basic and diluted
Weighted-average shares of Class A common shares outstanding	107,726,978		93,043,769		106,900,622		88,155,791
Loss per share of Class A common stock - basic and diluted	$	(0.04)	$	(0.09)	$	(0.07)	$	(0.13)

The Company’s Class V-1 Common Stock and Class V-3 Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V-1 Common Stock and Class V-3 Common Stock under the two-class method has not been presented.

The Company uses the treasury stock method and the average market price per share during the period for calculating any potential dilutive effect of its equity instruments. The average stock price for the three and six months ended March 29, 2025 was $25.58 and $27.06, respectively. For the three months ended March 29, 2025, there were 5.9 million potentially dilutive common stock equivalents related to the RSUs which would have been included in the diluted EPS calculation, and

7.3 million anti-dilutive common stock equivalents related to the unvested GreenBox Warrant that could potentially dilute EPS in the future. For the six months ended March 29, 2025, there were 6.3 million potentially dilutive common stock equivalents related to the RSUs which would have been included in the diluted EPS calculation, and 6.3 million anti-dilutive common stock equivalents related to the unvested GreenBox Warrant that could potentially dilute EPS in the future.

Business Combinations - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Asset Acquisition [Line Items]
Goodwill	$ 68,669	$ 0
Walmart Advanced Systems & Robotics Inc.
Asset Acquisition [Line Items]
Total purchase consideration	200,000
Other receivables	17,807
Inventories	14,702
Prepaid expenses and other current assets	16,831
Property and equipment, net	4,261
Intangible assets	115,000
Other assets	2,221
Total assets acquired	170,822
Accrued expenses and other current assets	36,880
Other liabilities	2,611
Total liabilities assumed	39,491
Identifiable net assets acquired	131,331
Goodwill	68,669
Total purchase price allocation	$ 200,000

Inventories (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Inventory Disclosure [Abstract]
Raw materials and components	$ 103,655	$ 72,279
Work in process	0	4,538
Finished goods	42,626	29,319
Total inventories	$ 146,281	$ 106,136

Summary of Significant Accounting Policies

6 Months Ended

Mar. 29, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation and Consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in U.S. dollars, in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes prepared in accordance with GAAP have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto as of, and for the year ended, September 28, 2024, which are included within the Company’s Annual Report on Form 10-K filed with the SEC on December 4, 2024. The September 28, 2024 consolidated balance sheet included herein is derived from the Company’s audited consolidated financial statements. As a result of displaying amounts in thousands, rounding differences may exist in the financial statements and footnote tables.

The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned subsidiaries and reflect all adjustments (consisting solely of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements include 100% of the accounts of wholly owned and majority-owned subsidiaries and the ownership interest of the minority investor is recorded as a non-controlling interest in a subsidiary. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.

The Company operates and reports using a 52-53 week fiscal year ending on the last Saturday of September of each calendar year. Each of the Company’s fiscal quarters end on the last Saturday of the third month of each quarter.

Use of Estimates

The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses, and the amounts disclosed in the related notes to the consolidated financial statements. Actual results and outcomes may differ materially from management’s estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, useful lives and realizability of long-lived assets, accounting for income taxes and related valuation allowances, and stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience.

Significant Accounting Policies

The Company’s significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the audited consolidated financial statements and related notes thereto as of and for the year ended September 28, 2024. Except as noted below, there have been no material changes to the significant accounting policies during the three month period ended March 29, 2025.

Business Acquisitions

The Company allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair value of these identifiable assets and liabilities is recorded as goodwill. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the fair value of these assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the final determination of the fair value of assets acquired or liabilities assumed, any subsequent adjustments are recorded to the consolidated statements of operations. Determining the fair value of the tangible assets acquired, liabilities assumed, and intangible assets requires management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, cash flows that an asset is expected to generate in the future, technology migration curves, discount rates, and useful lives. While the Company uses its best estimates and judgements, the estimates are inherently uncertain and subject to refinement. Acquisition-related transaction costs are expensed as incurred.

Goodwill

Goodwill represents the excess of cost over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Goodwill is not subject to amortization but is monitored annually for impairment or more frequently if there are indicators of impairment. The Company considers the following potential indicators of impairment: significant underperformance relative to historical or projected future operating results, significant changes in the Company’s use of acquired assets or the strategy of the Company’s overall business, significant negative industry or economic trends and a significant decline in the Company’s stock price for a sustained period. The Company performs its annual impairment test on the first day of its fourth fiscal quarter. The Company’s goodwill is evaluated at the consolidated level as it has been determined there is one operating segment comprised of one reporting unit. The Company performs a quantitative or qualitative assessment, which compares the fair value of the reporting unit with its carrying value. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized. The Company will perform this assessment on the first day of the fourth fiscal quarter, or June 29, 2025.

Presentation of Restricted Cash

Restricted cash primarily consists of collateral required for a credit card processing program and a U.S. customs bond. The short-term or long-term classification is determined in accordance with the required amount of time the cash is to be held as collateral, which is short-term for less than 12 months, and long-term for greater than 12 months from the balance sheet date.


	Six Months Ended
	March 29, 2025		March 30, 2024
Cash and cash equivalents	$	954,944	$	901,382
Restricted cash classified in:
Prepaid expenses and other current assets	870		—
Other assets	2,188		2,860
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	958,002	$	904,242

Volume of Business

The Company has concentration in the volume of purchases it conducts with its suppliers. For the three and six months ended March 29, 2025, there was one supplier that accounted for greater than 10% of total purchases, and the aggregate purchases amounted to $61.1 million and $104.2 million, respectively. For the three months ended March 30, 2024, there were two suppliers that accounted for greater than 10% of total purchases, and the aggregate purchases amounted to $92.0 million. For the six months ended March 30, 2024, there was one supplier that accounted for greater than 10% of total purchases, and the aggregate purchases amounted to $94.9 million.

Recent Accounting Pronouncements

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 enhances segment reporting under Topic 280 by expanding the breadth and frequency of segment disclosures. ASU 2023-07 requires disclosure of significant expenses that are regularly provided to an entity’s chief operating decision maker (“CODM”) and included in the reported measure(s) of a segment’s profit or loss. When applying this disclosure requirement, an entity identifies the segment expenses that are regularly provided to the CODM or easily computable from information that is regularly provided to the CODM. Entities are also required to disclose other segment items, i.e., the difference between reported segment revenue less the significant segment expenses and the reported measure(s) of a segment’s profit or loss. ASU 2023-07 also clarifies that single reportable segment entities are subject to Topic 280 in its entirety. ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. The amendments in ASU 2023-07 should be adopted retrospectively unless impracticable. Early adoption is permitted. The disclosures required by ASU 2023-07 are not expected to have a material effect on the Company’s consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires public entities, on an annual basis, to provide: a tabular rate reconciliation (using both percentages and reporting currency amounts) of (1) the reported income tax expense (or benefit) from continuing operations, to (2) the product of the income (or loss) from continuing operations before income taxes and the applicable statutory federal (national) income tax rate of the jurisdiction (country) of domicile using specific categories, and separate disclosure for any reconciling items within certain categories that are equal to or greater than a specified quantitative threshold. For each annual period presented, ASU 2023-09 also requires all reporting entities to disclose the year-to-date amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign. It also requires additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). ASU 2023-09 is effective for public entities for fiscal years beginning after December 15, 2024. ASU 2023-09 is to be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40) - Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires additional disclosure about specified categories of expenses included in relevant expense captions presented on the income statement. The amendments are effective for annual periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively or retrospectively. The Company is currently evaluating the impact that ASU 2024-03 will have on its disclosures.

The Company considers the applicability and impact of all ASUs issued by the FASB. There are no other accounting pronouncements which have been issued but are not yet effective that would have a material impact on the consolidated financial statements when adopted.

Commitments and Contingencies - Narrative (Details)		6 Months Ended
Commitments and Contingencies - Narrative (Details)	Oct. 02, 2024 action	Mar. 29, 2025 USD ($)	Sep. 28, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase obligation		$ 1,000,000,000.0
Purchase obligation, remainder of year		$ 900,000,000
Purchase obligation, period		1 year
New claims filed \| action	2
Liabilities recorded for guarantor obligations		$ 0	$ 0

Subsequent Events	6 Months Ended
Subsequent Events	Mar. 29, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In May 2025, the Company’s management approved a reduction of the Company’s workforce by approximately 320 to 390 employees, across all areas of the employees acquired in connection with the ASR Acquisition. The Company expects the workforce reduction will be substantially completed by the end of the first quarter of fiscal year 2026. The Company estimates that it will incur approximately $12.0 million to $14.0 million in costs in connection with the workforce reduction, which consist of severance and other one-time employee termination benefit expenses that the Company expects to recognize primarily in the third quarter of fiscal year 2025. A significant portion of these costs will be reimbursed pursuant to the terms of the ASR Purchase Agreement. The estimates of costs that the Company expects to incur, and the timing thereof, are subject to a number of assumptions and actual results may differ. The Company may also incur other charges or cash expenditures not currently contemplated due to events that may occur as a result of, or associated with, the workforce reduction.

Stock-Based Compensation and Warrant Units

6 Months Ended

Mar. 29, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation and Warrant Units


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
RSUs (service-based and performance-based)	$	44,808	$	27,568	$	70,632	$	56,555
Employee stock purchase plan	932		497		1,882		972
Total stock-based compensation expense	$	45,740	$	28,065	$	72,514	$	57,527

Effect of stock-based compensation expense on income by line item (in thousands):


	Three Months Ended				Six Months Ended
	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Cost of revenue, Systems	$	10,532	$	3,839	$	13,680	$	6,554
Cost of revenue, Software maintenance and support	247		60		344		235
Cost of revenue, Operation services	484		671		948		1,212
Research and development	14,317		12,789		24,872		25,086
Selling, general, and administrative	20,160		10,706		32,670		24,440
Total stock-based compensation expense	$	45,740	$	28,065	$	72,514	$	57,527

Total stock-based compensation expense for the three and six months ended March 29, 2025 increased as compared to the three and six months ended March 30, 2024. There was an increase in RSU grants to employees because there was an increase in the number of employees in fiscal year 2025, as compared to fiscal year 2024, which resulted in an increase in this expense.

Warrants

GreenBox Warrant

On July 23, 2023, the Company issued the GreenBox Warrant to Sunlight, which allows Sunlight to acquire up to an aggregate of 11,434,360 shares of the Company’s Class A Common Stock, subject to certain vesting conditions. The GreenBox Warrant had a grant date fair value of $19.90 per share. The GreenBox Warrant may vests upon conditions defined in the GreenBox Warrant, as GreenBox makes additional expenditures to the Company in connection with the Framework Agreement. There are up to eight vesting tranches in the GreenBox Warrant based on increments of expenditures where approximately 1,429,295 shares may vest per tranche, subject to certain conditions defined in the GreenBox Warrant. Upon vesting, shares may be acquired at an exercise price of $41.9719 per share. The warrant contains customary anti-dilution, down-round, and change-in-control provisions. The right to purchase shares pursuant to the GreenBox Warrant expires 36 months following the end of the initial term of the Framework Agreement, which is July 23, 2027, or if applicable, the extension term of the Framework Agreement, which is July 23, 2029. As of March 29, 2025, none of the shares issuable pursuant to the GreenBox Warrant had vested.

Variable Interest Entities (“VIE”) - Narrative (Details) - USD ($)	Jul. 23, 2023	Mar. 29, 2025
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss		$ 1,635,200,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss		1,635,228,000
Investments in Unconsolidated VIE		$ 85,323,000
GreenBox \| Symbotic Holdings
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	35.00%
GreenBox \| Sunlight
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	65.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Leases

6 Months Ended

Mar. 29, 2025

Leases [Abstract]

Leases

The Company leases office space in Wilmington, MA, Montreal, QC, Plant City, FL, Andover, MA, and Milpitas, CA through operating lease arrangements. The Company has no finance lease agreements. The operating lease arrangements expire at various dates through December 2030.

The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands):


	March 29, 2025		September 28, 2024
ROU assets:
Other assets	$	24,475	$	15,257

Lease Liabilities:
Accrued expenses and other current liabilities	$	4,382	$	1,647
Other liabilities	23,926		16,076
Total lease liabilities	$	28,308	$	17,723

The following table presents maturities of the Company’s operating lease liabilities as of March 29, 2025, presented under Accounting Standards Codification Topic 842 (in thousands):


	March 29, 2025
Remaining fiscal year 2025	$	2,686
Fiscal year 2026	7,156
Fiscal year 2027	6,876
Fiscal year 2028	5,299
Fiscal year 2029 and thereafter	12,572
Total future minimum payments	$	34,589
Less: Implied interest	(6,281)
Total lease liabilities	$	28,308

The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of operating lease payments. To determine the estimated incremental borrowing rate, the Company uses publicly available credit ratings for peer companies. The Company estimates the incremental borrowing rate using yields for maturities that are in line with the duration of the lease payments. The weighted average discount rate for operating leases as of March 29, 2025 was 7.6%.

As of March 29, 2025, the weighted-average remaining lease term of the Company’s operating leases was approximately 5.0 years. Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities were $1.2 million for the six months ended March 29, 2025.

Segment and Geographic Information - Property and Equipment by Geographic Region (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 29, 2025	Sep. 28, 2024
Segment Reporting Information [Line Items]
Property and equipment, net	$ 123,706	$ 97,109
United States
Segment Reporting Information [Line Items]
Property and equipment, net	123,531	96,802
International
Segment Reporting Information [Line Items]
Property and equipment, net	$ 175	$ 307
Non-US \| Property, Plant and Equipment \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	0.00%	0.00%

Fair Value Measures (Tables)

6 Months Ended

Mar. 29, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis


	March 29, 2025								September 28, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	831,898	$	—	$	—	$	831,898	$	712,958	$	—	$	—	$	712,958
Warrant fair value	—		16,789		—		16,789		—		12,308		—		12,308
Total assets	$	831,898	$	16,789	$	—	$	848,687	$	712,958	$	12,308	$	—	$	725,266

Revenue - Schedules of Concentration Risk (Details) - Customer Concentration Risk	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024	Sep. 28, 2024
Revenue from Contract with Customer Benchmark \| Customer A
Concentration Risk [Line Items]
Concentration risk, percentage	85.60%	85.30%	85.90%	83.70%
Inventories \| Aggregate Percent of Total Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			90.30%		92.80%
Inventories \| Customer A
Concentration Risk [Line Items]
Concentration risk, percentage			66.90%		92.80%
Inventories \| Customer B
Concentration Risk [Line Items]
Concentration risk, percentage			13.10%
Inventories \| Customer C
Concentration Risk [Line Items]
Concentration risk, percentage			10.30%

Unaudited Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Statement of Comprehensive Income [Abstract]
Changes in unrealized gain on investments, tax	$ 0	$ 0	$ 0	$ 0

Income Taxes	6 Months Ended
Income Taxes	Mar. 29, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to its allocable share of any taxable income or loss of Symbotic Holdings LLC. The remaining share of Symbotic Holdings income or loss is non-taxable to the Company and is not reflected in current or deferred income taxes. The Company’s foreign subsidiaries are subject to income tax in their local jurisdictions. For the three and six months ended March 29, 2025, the Company recorded a current income tax benefit of $1.4 million and $1.2 million, respectively. For the three and six months ended March 30, 2024, the Company recorded a current income tax benefit of $0.2 million and $0.1 million, respectively. The Company incurred a pre-tax loss for the three and six month periods and recorded a full valuation allowance against its domestic deferred tax assets and a partial valuation allowance against its foreign deferred tax assets. The Company incurs state tax expense by Symbotic LLC at the flow-through entity level and foreign tax expense at its foreign subsidiaries. The effective tax rate for the three and six months ended March 29, 2025 is 6.12% and 3.03% respectively, as compared to an effective tax rate for the three and six months ended March 30, 2024 of 0.46% and 0.13%, respectively. The effective tax rate differs from the federal statutory income tax rate primarily due to the flow-through entity level taxes and the effect of the valuation allowance, including the partial release due to the ASR Acquisition, against the Company’s net federal, state, and foreign deferred income taxes. As of March 29, 2025, the Company continues to conclude that the negative evidence regarding its ability to realize its deferred tax assets outweighs the positive evidence, and the Company has a full valuation allowance against its domestic, federal and state net deferred tax assets and a partial valuation allowance against its foreign net deferred tax assets. The Company has a history of cumulative pre-tax losses for the three previous fiscal years which it believes represents significant negative evidence in evaluating whether its deferred tax assets are realizable. Given these cumulative losses, lack of forecast history, the competitive environment, and uncertainty of general economic conditions, the Company does not believe it can rely on projections of future taxable income exclusive of reversing taxable temporary differences to support the realization of its deferred tax assets. In upcoming quarters, the Company will continue to evaluate both the positive and negative evidence surrounding its ability to realize its deferred tax assets. Tax Receivable Agreement As of March 29, 2025, future payments under the Tax Receivable Agreement (“TRA”) with respect to the purchase of Symbotic Holdings units which occurred as part of, or subsequent to, the Business Combination are expected to be $433.1 million. Payments made under the TRA represent payments that otherwise would have been made to taxing authorities in the absence of attributes obtained by the Company as a result of exchanges by its pre-IPO members. Such amounts will be paid only when a cash tax savings is realized as a result of attributes subject to the TRA. That is, payments under the TRA are only expected to be made in periods following the filing of a tax return in which the Company is able to utilize certain tax benefits to reduce its cash taxes paid to a taxing authority. The impact of any changes in the projected obligations under the TRA as a result of changes in the geographic mix of the Company’s earnings, changes in tax legislation and tax rates or other factors that may impact the Company’s tax savings will be reflected in income or loss before taxes on the consolidated statement of operations in the period in which the change occurs. As of March 29, 2025, no TRA liability was recorded based on current projections of future taxable income taking into consideration the Company’s full valuation allowance against its net deferred tax asset.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 231
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 12C
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 20
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-Section 50
-Paragraph 13
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 14
-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Current assets:
Cash and cash equivalents	$ 954,944	$ 727,310
Accounts receivable	137,562	201,548
Unbilled accounts receivable	160,248	218,233
Inventories	146,281	106,136
Deferred expenses	4,979	1,058
Prepaid expenses and other current assets	93,966	101,252
Total current assets	1,497,980	1,355,537
Property and equipment, net	123,706	97,109
Intangible assets, net	125,793	3,664
Goodwill	68,669	0
Equity method investment	85,323	81,289
Other assets	62,714	40,953
Total assets	1,964,185	1,578,552
Current liabilities:
Accounts payable	220,027	175,188
Accrued expenses and other current liabilities	166,269	165,644
Deferred revenue	1,086,297	676,314
Total current liabilities	1,472,593	1,017,146
Deferred revenue	8,152	129,233
Other liabilities	61,866	42,043
Total liabilities	1,542,611	1,188,422
Commitments and contingencies (Note 14)	0	0
Equity:
Additional paid-in capital	1,539,378	1,523,692
Accumulated deficit	(1,331,326)	(1,323,925)
Accumulated other comprehensive loss	(2,698)	(2,594)
Total stockholders' equity	205,414	197,233
Noncontrolling interest	216,160	192,897
Total equity	421,574	390,130
Total liabilities and equity	1,964,185	1,578,552
Class A Common Stock
Equity:
Common stock, value, issued	13	13
Class V-1 Common Stock
Equity:
Common stock, value, issued	7	7
Class V-3 Common Stock
Equity:
Common stock, value, issued	$ 40	$ 40

Noncontrolling Interests (Tables)

6 Months Ended

Mar. 29, 2025

Noncontrolling Interest [Abstract]

Schedule of Common Stock Outstanding

The following table summarizes the ownership of Symbotic stock for the three months ended March 29, 2025.


	Class A Common Stock	Class V-1 and Class V-3 Common Stock	Total	Class A Common Stock		Class V-1 and Class V-3 Common Stock		Total
Balance at December 28, 2024	106,521,915	480,897,814	587,419,729
Issuances	1,493,564	—	1,493,564
Exchanges	365,293	(365,293)	—
Balance at March 29, 2025	108,380,772	480,532,521	588,913,293	18.4	%	81.6	%	100	%

The following table summarizes the ownership of Symbotic stock for the six months ended March 29, 2025.


	Class A Common Stock	Class V-1 and Class V-3 Common Stock	Total	Class A Common Stock		Class V-1 and Class V-3 Common Stock		Total
Balance at September 28, 2024	104,689,377	481,274,582	585,963,959
Issuances	3,146,235	—	3,146,235
Exchanges	545,160	(545,160)	—
Cancellations	—	(196,901)	(196,901)
Balance at March 29, 2025	108,380,772	480,532,521	588,913,293	18.4	%	81.6	%	100	%

Net Loss per Share - Narrative (Details) - $ / shares shares in Millions	3 Months Ended	6 Months Ended
	Mar. 29, 2025	Mar. 29, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Average share price (in dollars per share)	$ 25.58	$ 27.06
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	5.9	6.3
Warrant Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	7.3	6.3

Noncontrolling Interests (Details)	3 Months Ended	6 Months Ended
Noncontrolling Interests (Details)	Mar. 29, 2025 shares	Mar. 29, 2025 shares
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	587,419,729	585,963,959
Issuance (in shares)	1,493,564	3,146,235
Exchanges (in shares)	0	0
Cancellation (in shares)		(196,901)
End of period (in shares)	588,913,293	588,913,293
Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	100.00%	100.00%
Class A Common Stock
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	106,521,915	104,689,377
Issuance (in shares)	1,493,564	3,146,235
Exchanges (in shares)	365,293	545,160
Cancellation (in shares)		0
End of period (in shares)	108,380,772	108,380,772
Class A Common Stock \| Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	18.40%	18.40%
Class V-1 and Class V-3 Common Stock
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	480,897,814	481,274,582
Issuance (in shares)	0	0
Exchanges (in shares)	(365,293)	(545,160)
Cancellation (in shares)		(196,901)
End of period (in shares)	480,532,521	480,532,521
Class V-1 and Class V-3 Common Stock \| Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	81.60%	81.60%

Unaudited Condensed Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Total	Class A Common Stock	Common Stock Class A Common Stock	Common Stock Class V-1 Common Stock	Common Stock Class V-3 Common Stock	Additional Paid-in Capital - Warrants	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest
Beginning balance (in shares) at Sep. 30, 2023			82,112,881	66,931,097	407,528,941
Beginning balance at Sep. 30, 2023	$ (2,716)		$ 8	$ 7	$ 41	$ 58,126	$ 1,254,022	$ (1,687)	$ (1,310,435)	$ (2,798)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(73,902)								(11,645)	(62,257)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)			4,915,909
Issuance of common stock under stock plans, net of shares withheld for employee taxes	(3,153)						(3,103)			(50)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)			102,633
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	3,500						3,500
Exchange of common stock (in shares)			7,563,865	(4,369,120)	(3,194,745)
Exchange of common stock	0		$ 3	$ (2)	$ (1)		(155)			155
Issuance of common stock in connection with equity offering (in shares)			6,500,000
Issuance of common stock in connection with equity offering	257,986		$ 1				257,985
Exercise of warrants (in shares)				15,870,411
Exercise of warrants	158,705			$ 3		(58,126)				216,828
Stock-based compensation	57,527						9,240			48,287
Other comprehensive loss	(4,304)							(686)		(3,618)
Ending balance (in shares) at Mar. 30, 2024			101,195,288	78,432,388	404,334,196
Ending balance at Mar. 30, 2024	393,643		$ 12	$ 8	$ 40	0	1,521,489	(2,373)	(1,322,080)	196,547
Beginning balance (in shares) at Dec. 30, 2023			85,106,588	81,489,643	406,512,941
Beginning balance at Dec. 30, 2023	165,770		$ 10	$ 8	$ 41		1,257,853	(1,770)	(1,313,271)	222,899
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(54,830)								(8,809)	(46,021)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)			4,250,067
Issuance of common stock under stock plans, net of shares withheld for employee taxes	(3,095)						(3,095)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)			102,633
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	3,500						3,500
Exchange of common stock (in shares)			5,236,000	(3,057,255)	(2,178,745)
Exchange of common stock	0		$ 1		$ (1)		381			(381)
Issuance of common stock in connection with equity offering (in shares)			6,500,000
Issuance of common stock in connection with equity offering	257,986		$ 1				257,985
Stock-based compensation	28,065						4,865			23,200
Other comprehensive loss	(3,753)							(603)		(3,150)
Ending balance (in shares) at Mar. 30, 2024			101,195,288	78,432,388	404,334,196
Ending balance at Mar. 30, 2024	393,643		$ 12	$ 8	$ 40	$ 0	1,521,489	(2,373)	(1,322,080)	196,547
Beginning balance (in shares) at Sep. 28, 2024			104,689,377	76,965,386	404,309,196
Beginning balance at Sep. 28, 2024	390,130		$ 13	$ 7	$ 40		1,523,692	(2,594)	(1,323,925)	192,897
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(39,958)								(7,401)	(32,557)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)			2,939,571
Issuance of common stock under stock plans, net of shares withheld for employee taxes	(3,012)						(3,012)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)			206,664
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	3,231						3,231
Exchange of common stock (in shares)			545,160	(545,160)
Exchange of common stock	0						2,106			(2,106)
Cancellation of common stock (in shares)				(196,901)
Distribution to Symbotic Holdings LLC partners	$ (1,232)									(1,232)
Issuance of common stock in connection with equity offering (in shares)	3,146,235	3,146,235
Stock-based compensation	$ 72,991						13,361			59,630
Other comprehensive loss	(576)							(104)		(472)
Ending balance (in shares) at Mar. 29, 2025			108,380,772	76,223,325	404,309,196
Ending balance at Mar. 29, 2025	421,574		$ 13	$ 7	$ 40		1,539,378	(2,698)	(1,331,326)	216,160
Beginning balance (in shares) at Dec. 28, 2024			106,521,915	76,588,618	404,309,196
Beginning balance at Dec. 28, 2024	393,925		$ 13	$ 7	$ 40		1,526,573	(2,696)	(1,327,401)	197,389
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(21,438)								(3,925)	(17,513)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)			1,286,900
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)			206,664
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes	3,231						3,231
Exchange of common stock (in shares)			365,293	(365,293)
Exchange of common stock	0						1,062			(1,062)
Distribution to Symbotic Holdings LLC partners	$ (382)									(382)
Issuance of common stock in connection with equity offering (in shares)	1,493,564	1,493,564
Stock-based compensation	$ 46,251						8,512			37,739
Other comprehensive loss	(13)							(2)		(11)
Ending balance (in shares) at Mar. 29, 2025			108,380,772	76,223,325	404,309,196
Ending balance at Mar. 29, 2025	$ 421,574		$ 13	$ 7	$ 40		$ 1,539,378	$ (2,698)	$ (1,331,326)	$ 216,160

Revenue - Narrative (Details) $ in Millions	6 Months Ended
Revenue - Narrative (Details) $ in Millions	Mar. 29, 2025 USD ($) distribution_center system	Mar. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liability, revenue recognized	$ 420.0	$ 459.2
Remaining performance obligation, amount	$ 22,700.0
Walmart
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Number of distribution centers \| distribution_center	42
Number of APD purchases \| system	400
Remaining performance obligation, range of outcomes amount	$ 5,000.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-30 \| Tranche One
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	11.00%
Remaining performance obligation, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-29 \| Tranche Two
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	53.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-29 \| Tranche Two \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-29 \| Tranche Two \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	60 months

Business Acquisitions (Tables)

6 Months Ended

Mar. 29, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary allocation of the purchase price for ASR and fair values of the assets acquired and liabilities assumed were as follows (in thousands):


Total purchase consideration	$	200,000

Allocation of the purchase consideration:
Other receivables	$	17,807
Inventories	14,702
Prepaid expenses and other current assets	16,831
Property and equipment, net	4,261
Intangible assets	115,000
Other assets	2,221
Total assets acquired	170,822
Accrued expenses and other current assets	36,880
Other liabilities	2,611
Total liabilities assumed	39,491
Identifiable net assets acquired	131,331
Goodwill	68,669
Total purchase price allocation	$	200,000

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ (3,925)	$ (8,809)	$ (7,401)	$ (11,645)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (g)(3)
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-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/exampleRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Intangible Assets and Goodwill

6 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

In connection with asset acquisitions in July and December 2024, and the ASR Acquisition in January 2025, the Company acquired developed technology intangible assets of $130.9 million. The intangible assets will be amortized over a useful life of 3 to 7 years on a straight-line basis. The estimated weighted average useful life of the intangible assets is 6.5 years.


		March 29, 2025
	Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Developed technology	6.5	$	130,861	$	(5,068)	$	125,793
Total		$	130,861	$	(5,068)	$	125,793

For the three and six months ended March 29, 2025, amortization expense was $4.2 million and $4.8 million, respectively.

The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated (in thousands):


	Developed Technology
Remaining fiscal year 2025	$	10,831
Fiscal year 2026	21,662
Fiscal year 2027	21,414
Fiscal year 2028	17,401
Fiscal year 2029 and thereafter	54,485
Total	$	125,793

The carrying amount of goodwill at March 29, 2025 was $68.7 million. As a result of the ASR Acquisition, the Company recorded $68.7 million of goodwill. Prior to the ASR Acquisition, the Company did not have goodwill on its consolidated balance sheets. No other changes to the carrying amount of goodwill were noted for the six months ended March 29, 2025. The Company tests goodwill for impairment at least annually. Through the date the interim condensed consolidated financial statements were issued, no triggering events have occurred that would indicate that a potential impairment exists.

Business Acquisitions

6 Months Ended

Mar. 29, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Acquisitions

Business acquisition-related costs during the three and six months ended March 29, 2025 were $3.3 million and $7.1 million, respectively, and are included in general and administrative expenses in the interim condensed consolidated statements of operations. Separate financial results and pro forma financial information for ASR (defined below) have not been presented as the effect of this acquisition was not material to the Company’s financial results.

Advanced Systems & Robotics Inc.

On January 27, 2025, the Company acquired all of the outstanding equity interests of Walmart’s Advanced Systems & Robotics Inc. (“ASR”) for $200.0 million in cash (the “ASR Acquisition) pursuant to a Purchase and Sale Agreement with Walmart (the “ASR Purchase Agreement”). ASR is intended to expand the long-standing relationship between Walmart and the Company with the aim of developing an integrated automated supply chain, which is expected to broaden the Company’s product offering beyond the traditional warehouse to eCommerce settings for last mile delivery. As of March 29, 2025, the purchase price allocation is preliminary, pending finalization of valuations and the impact of income taxes.

The preliminary allocation of the purchase price for ASR and fair values of the assets acquired and liabilities assumed were as follows (in thousands):


Total purchase consideration	$	200,000

Allocation of the purchase consideration:
Other receivables	$	17,807
Inventories	14,702
Prepaid expenses and other current assets	16,831
Property and equipment, net	4,261
Intangible assets	115,000
Other assets	2,221
Total assets acquired	170,822
Accrued expenses and other current assets	36,880
Other liabilities	2,611
Total liabilities assumed	39,491
Identifiable net assets acquired	131,331
Goodwill	68,669
Total purchase price allocation	$	200,000

The value of the goodwill can be attributed to a number of business factors, including a trained technical workforce, and revenue and cost synergies expected to be realized. The Company expects that most of the goodwill related to the ASR Acquisition will not be deductible for tax purposes.

The identified intangible asset acquired is developed technology, which has a gross carrying amount of $115.0 million and has an estimated useful life of 7 years.

The Company applied the multi-period excess earnings method to estimate the fair value of the intangible asset. The total weighted average amortization period for the developed technology intangible asset acquired from Walmart is 7 years. The intangible asset began amortization on the date of acquisition and is amortized on a straight-line basis over its useful life.

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Revenue:
Total revenue	$ 549,651	$ 393,332	$ 1,036,344	$ 753,275
Cost of revenue:
Total cost of revenue	441,823	363,112	848,477	658,999
Gross profit	107,828	30,220	187,867	94,276
Operating expenses:
Research and development expenses	61,540	46,462	105,133	88,606
Selling, general, and administrative expenses	78,347	48,652	139,421	95,663
Total operating expenses	139,887	95,114	244,554	184,269
Operating loss	(32,059)	(64,894)	(56,687)	(89,993)
Other income, net	11,714	9,812	19,536	16,011
Loss before income tax and equity method investment	(20,345)	(55,082)	(37,151)	(73,982)
Income tax benefit	1,397	252	1,248	80
Loss from equity method investment	(2,490)	0	(4,055)	0
Net loss	(21,438)	(54,830)	(39,958)	(73,902)
Net loss attributable to noncontrolling interests	(17,513)	(46,021)	(32,557)	(62,257)
Net loss attributable to common stockholders	$ (3,925)	$ (8,809)	$ (7,401)	$ (11,645)
Loss per share of Class A Common Stock:
Basic (in dollars per share)	$ (0.04)	$ (0.09)	$ (0.07)	$ (0.13)
Diluted (in dollars per share)	$ (0.04)	$ (0.09)	$ (0.07)	$ (0.13)
Weighted-average shares of Class A Common Stock outstanding:
Basic (in shares)	107,726,978	93,043,769	106,900,622	88,155,791
Diluted (in shares)	107,726,978	93,043,769	106,900,622	88,155,791
Systems
Revenue:
Total revenue	$ 513,372	$ 370,693	$ 977,431	$ 718,398
Cost of revenue:
Total cost of revenue	414,560	342,124	796,378	626,071
Software maintenance and support
Revenue:
Total revenue	6,685	2,566	12,210	4,735
Cost of revenue:
Total cost of revenue	2,095	1,936	3,979	3,662
Operation services
Revenue:
Total revenue	29,594	20,073	46,703	30,142
Cost of revenue:
Total cost of revenue	$ 25,168	$ 19,052	$ 48,120	$ 29,266

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Product Information [Line Items]
Cash and cash equivalents	$ 954,944	$ 727,310	$ 901,382
Restricted cash classified in:
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	958,002	$ 730,354	904,242	$ 260,918
Prepaid expenses and other current assets
Restricted cash classified in:
Restricted Cash	870		0
Other assets
Restricted cash classified in:
Restricted Cash	$ 2,188		$ 2,860

Net Loss per Share - Schedule of Computation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Numerator - basic and diluted
Net loss	$ (21,438)	$ (54,830)	$ (39,958)	$ (73,902)
Less: Net loss attributable to the noncontrolling interest	(17,513)	(46,021)	(32,557)	(62,257)
Net loss attributable to common stockholders	$ (3,925)	$ (8,809)	$ (7,401)	$ (11,645)
Denominator - basic and diluted
Weighted-average shares of Class A common shares outstanding - basic (in shares)	107,726,978	93,043,769	106,900,622	88,155,791
Weighted-average shares of Class A common shares outstanding - diluted (in shares)	107,726,978	93,043,769	106,900,622	88,155,791
Loss per share of Class A common stock - basic (in dollars per share)	$ (0.04)	$ (0.09)	$ (0.07)	$ (0.13)
Loss per share of Class A common stock - diluted (in dollars per share)	$ (0.04)	$ (0.09)	$ (0.07)	$ (0.13)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 170,589	$ 131,232
Less accumulated depreciation	(46,883)	(34,123)
Property and equipment, net	123,706	97,109
Computer equipment and software, furniture and fixtures, test equipment, and other equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	153,937	114,515
Internal use software
Property, Plant and Equipment [Line Items]
Total property and equipment	6,366	7,141
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 10,286	$ 9,576

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 29, 2025	Mar. 29, 2025	Dec. 31, 2024	Sep. 28, 2024
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 4,200	$ 4,800
Goodwill	$ 68,669	68,669		$ 0
Carrying amount of goodwill		$ 0
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Developed technology intangible assets			$ 130,900
Weighted average useful life	6 years 6 months	6 years 6 months	6 years 6 months
Developed Technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			3 years
Developed Technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			7 years

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Property, Plant and Equipment [Abstract]
Depreciation	$ 7.0	$ 2.5	$ 13.2	$ 4.8

Related Party Transactions (Details)	3 Months Ended		6 Months Ended
Related Party Transactions (Details)	Mar. 29, 2025 USD ($) aircraft	Mar. 30, 2024 USD ($)	Mar. 29, 2025 USD ($) aircraft	Mar. 30, 2024 USD ($)	Sep. 28, 2024 USD ($)
Related Party Transaction [Line Items]
Total revenue	$ 549,651,000	$ 393,332,000	$ 1,036,344,000	$ 753,275,000
Contract liabilities	1,094,449,000		1,094,449,000		$ 805,547,000
Remaining performance obligation, amount	22,700,000,000		22,700,000,000
Related party tax expense, due to affiliates, current	400,000		1,200,000
Related Party
Related Party Transaction [Line Items]
Total revenue	2,900,000	22,200,000	5,200,000	35,000,000.0
Accounts receivable	12,400,000		12,400,000		18,400,000
Contract liabilities	2,700,000		2,700,000		1,800,000
Related party tax expense, due from affiliates, current	300,000		1,100,000
Aircraft Time Sharing Agreement
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 500,000	300,000	$ 900,000	500,000
Aircraft Time Sharing Agreement \| Related Party
Related Party Transaction [Line Items]
Number of aircrafts \| aircraft	2		2
Usage of Facility and Employee Services
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 300,000	800,000	$ 700,000	1,500,000
C&S \| Related Party
Related Party Transaction [Line Items]
Remaining performance obligation, amount	2,700,000		2,700,000
GreenBox \| Related Party
Related Party Transaction [Line Items]
Total revenue	4,900,000	0	7,600,000	0
Accounts receivable	5,500,000	0	5,500,000	0
Contract liabilities	74,900,000	0	74,900,000	0	$ 69,100,000
Remaining performance obligation, amount	11,500,000,000		11,500,000,000
Payments to acquire interest in subsidiaries and affiliates	2,800,000	$ 0	2,800,000	$ 0
GreenBox \| Related Party \| Variable Interest Entity, Not Primary Beneficiary
Related Party Transaction [Line Items]
Payments to acquire interest in subsidiaries and affiliates	0		6,800,000
Shared Services Agreement \| Related Party
Related Party Transaction [Line Items]
Accounts receivable	$ 2,100,000		$ 2,100,000

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024
Cash flows from operating activities:
Net loss	$ (39,958)	$ (73,902)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	19,924	6,352
Loss from equity method investment	4,055	0
Foreign currency gains	(12)	(8)
Gain on investments	0	(8,745)
Provision for excess and obsolete inventory	980	34,276
Loss on disposal of assets	201	0
Stock-based compensation	70,128	57,527
Gain from strategic investment fair value adjustment	(4,481)	0
Changes in operating assets and liabilities:
Accounts receivable	64,181	(58,461)
Inventories	(33,657)	(17,920)
Prepaid expenses and other current assets	99,808	(42,430)
Deferred expenses	(3,921)	(5,046)
Other assets	(7,479)	(5,466)
Accounts payable	44,951	23,315
Accrued expenses and other current liabilities	(20,145)	(1,884)
Deferred revenue	288,619	72,644
Other liabilities	(8,592)	10,670
Net cash provided by (used in) operating activities	474,602	(9,078)
Cash flows from investing activities:
Purchases of property and equipment and capitalization of internal use software development costs	(27,917)	(5,864)
Proceeds from maturities of marketable securities	0	290,000
Purchases of marketable securities	0	(48,660)
Acquisitions of strategic investments	(17,992)	0
Cash paid for business acquisitions	(200,000)	0
Net cash provided by (used in) investing activities	(245,909)	235,476
Cash flows from financing activities:
Payment for taxes related to net share settlement of stock-based compensation awards	(3,012)	(3,181)
Net proceeds from issuance of common stock under employee stock purchase plan	3,233	3,435
Proceeds from issuance of Class A Common Stock	0	257,985
Proceeds from exercise of warrants	0	158,702
Distributions to or on behalf of Symbotic Holdings LLC partners	(1,232)	0
Net cash provided by (used in) financing activities	(1,011)	416,941
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(34)	(15)
Net increase in cash, cash equivalents, and restricted cash	227,648	643,324
Cash, cash equivalents, and restricted cash — beginning of period	730,354	260,918
Cash, cash equivalents, and restricted cash — end of period	958,002	904,242
Non-cash activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	7,988	5,818
Transfer of equipment from deferred cost to property and equipment	7,982	38,454
Non-cash contribution to unconsolidated entity	$ 2,785	$ 0

Variable Interest Entities (“VIE”)

6 Months Ended

Mar. 29, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities (“VIE”)

VIEs are entities with any of the following characteristics: (i) the entity does not have enough equity to finance its activities without additional financial support; (ii) the equity holders, as a group, lack the characteristics of a controlling financial interest; or (iii) the entity is structured with non-substantive voting rights.

Consolidation of a VIE is required for the party deemed to be the primary beneficiary, if any. The primary beneficiary is the party who has both (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity.

On July 23, 2023, the Company, New Symbotic Holdings, and Symbotic LLC (collectively, the “Symbotic Group”), entered into a Framework Agreement (the “Framework Agreement”) with Sunlight Investment Corp., a Delaware corporation (“Sunlight”), SVF II Strategic Investments AIV LLC, a Delaware limited liability company (“SVF” and, together with Sunlight, “SoftBank”), and GreenBox, related to, among other things, the formation of GreenBox as a venture between the Symbotic Group and SoftBank and a warrant to purchase Class A Common Stock of Symbotic (the “GreenBox Warrant”). On July 23, 2023, GreenBox also entered into a Master Services, License and Equipment Agreement with Symbotic LLC with respect to the purchase of Systems (“GreenBox Commercial Agreement”).

GreenBox was established on July 21, 2023, to build and automate supply chain networks globally by operating and financing the Company’s advanced artificial intelligence and automation technology for the warehouse. Symbotic Holdings

and Sunlight own 35% and 65% of GreenBox, respectively. The Company evaluated for VIEs upon the formation of GreenBox in accordance with ASC 810, Consolidation. The Company holds a variable interest in GreenBox through its equity interest in GreenBox. GreenBox is a VIE resulting from GreenBox’s lack of sufficient equity to finance its operations without additional subordinated financial support from both the Company and SoftBank. The consolidation of GreenBox is not required as the Company is not the primary beneficiary of this VIE as it does not have the power to direct the activities that most significantly impact GreenBox’s economic performance. Such power is conveyed through GreenBox’s board of directors and the Company does not have control over GreenBox’s board of directors.

The Company’s recorded investments in the unconsolidated VIE and related estimated maximum exposure to loss are as follows (in thousands):


	March 29, 2025
	Investments in Unconsolidated VIE		Symbotic's Maximum Exposure to Loss
GreenBox Systems LLC	$	85,323	$	1,635,228

The Company calculated its maximum exposure to loss while considering its equity investment in the VIE, any amounts owed to the Company for services which may have been provided, and future funding commitments of $1,635.2 million. As of March 29, 2025, there is a $85.3 million carrying value of the VIE which represents the amount which the Company has invested in the VIE, net of the Company’s proportionate share of the VIE’s net loss. The Company’s maximum exposure to loss as displayed above does not take into consideration the VIE’s commitment under the GreenBox Commercial Agreement to reimburse the Company in the event of a termination. If the VIE’s commitment under the GreenBox Commercial Agreement was taken into consideration, there would be no maximum exposure to loss presented as the VIE’s commitment under the GreenBox Commercial Agreement exceeds the Company’s future funding commitments.

Inventories

6 Months Ended

Mar. 29, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories at March 29, 2025 and September 28, 2024 consist of the following (in thousands):


	March 29, 2025		September 28, 2024
Raw materials and components	$	103,655	$	72,279
Work in process	—		4,538
Finished goods	42,626		29,319
Total inventories	$	146,281	$	106,136

Related Party Transactions	6 Months Ended
Related Party Transactions	Mar. 29, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions ASC 850, Related Party Disclosures (“ASC 850”), provides guidance for the identification of related parties and the disclosure of related party transactions. Related parties are generally defined as (i) affiliates of the Company; (ii) owners of more than 10% of the voting interests of the Company and members of their immediate families; (iii) management of the Company and members of their immediate families; (iv) other parties which directly or indirectly control, are controlled by, or are under common control with the Company; or (v) other parties who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company assesses related parties each reporting period. For the period ending March 29, 2025, the Company determined that C&S Wholesale Grocers, Inc. (“C&S”), GreenBox, and certain current holders of Symbotic Holdings were each a related party under ASC 850. The following transactions were related party transactions under ASC 850. Aircraft Time Sharing Agreement In December 2021 and May 2022, the Company entered into aircraft time-sharing agreements with C&S with respect to private aircraft owned by them, whereby the Company’s executives may utilize two C&S aircraft on an as-needed and as-available basis, with no minimum usage being required. As there is no defined period of time stated within these aircraft time-sharing agreements, the Company does not consider these to meet the definition of a lease, and as such, records payments in the period in which the obligation for the payment is incurred. For the three and six months ended March 29, 2025, the Company incurred expense of $0.5 million and $0.9 million, respectively, and for the three and six months ended March 30, 2024, the Company incurred expense of $0.3 million and $0.5 million, respectively, related to these aircraft time-sharing agreements. Usage of Facility and Employee Services The Company has a license arrangement with C&S whereby C&S is providing receiving and logistics services for the Company within a C&S distribution facility. The arrangement also provides for C&S employees assisting with certain of the Company’s operations. For the three and six months ended March 29, 2025, the Company incurred expense of $0.3 million and $0.7 million, respectively, and for the three and six months ended March 30, 2024, the Company incurred expense of $0.8 million and $1.5 million, respectively, related to this arrangement. Customer Contracts The Company has customer contracts with C&S relating to systems implementation, software maintenance services and the operations of Systems. For the three and six months ended March 29, 2025, revenue of $2.9 million and $5.2 million was recognized, respectively, relating to these customer contracts. For the three and six months ended March 30, 2024, revenue of $22.2 million and $35.0 million was recognized, respectively, relating to these customer contracts. There was $12.4 million unbilled accounts receivable and accounts receivable due from C&S at March 29, 2025, and $18.4 million unbilled accounts receivable and accounts receivable due from C&S at September 28, 2024. There was $2.7 million and $1.8 million of deferred revenue related to contracts with C&S at March 29, 2025 and September 28, 2024, respectively. The transaction price allocated to performance obligations that are unsatisfied as of March 29, 2025 was $2.7 million. GreenBox The Company has a customer contract relating to systems implementation and shared services with GreenBox. For the three and six months ended March 29, 2025, revenue of $4.9 million and $7.6 million was recognized, respectively, relating to this customer contract. There was $5.5 million unbilled accounts receivable and accounts receivable due from the customer contract, and $2.1 million accounts receivable due from the shared service agreement at March 29, 2025. There was $74.9 million and $69.1 million of deferred revenue related to contracts with GreenBox at March 29, 2025 and September 28, 2024, respectively. The transaction price allocated to performance obligations that are unsatisfied as of March 29, 2025 was $11.5 billion. There was no revenue, accounts receivable, or deferred revenue for GreenBox at and for the three and six months ended March 30, 2024. No cash funding was made by the Company to GreenBox in relation to the VIE (as further described in Note 14, Variable Interest Entities) for the three months ended March 29, 2025, and $6.8 million of cash funding was made by the Company to GreenBox in relation to the VIE for the six months ended March 29, 2025. Non-cash funding in the form of a stock contribution of $2.8 million was made by the Company to GreenBox for the three and six months ended March 29, 2025. No cash or non-cash funding was made for the three and six months ended March 30, 2024. Tax Distribution to Symbotic Holdings LLC partners Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Symbotic Holdings, Symbotic LLC makes pro rata tax distributions to the holders of Symbotic Holdings’ units in an amount sufficient to fund all or part of their tax obligations with respect to the taxable income of Symbotic Holdings that is allocated to them. For the three and six months ended March 29, 2025, the Company distributed a total of $0.4 million and $1.2 million, respectively, of tax distributions to or on behalf of its members, of which $0.3 million and $1.1 million, respectively, was distributed to or on behalf of those who met the definition of a related party in accordance with ASC 850.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Stock-Based Compensation and Warrant Units - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 29, 2025	Mar. 30, 2024	Mar. 29, 2025	Mar. 30, 2024
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 45,740	$ 28,065	$ 72,514	$ 57,527
Cost of revenue \| Systems
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	10,532	3,839	13,680	6,554
Cost of revenue \| Software maintenance and support
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	247	60	344	235
Cost of revenue \| Operation services
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	484	671	948	1,212
Research and development
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	14,317	12,789	24,872	25,086
Selling, general, and administrative
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	20,160	10,706	32,670	24,440
RSUs (service-based and performance-based)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	44,808	27,568	70,632	56,555
Employee stock purchase plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 932	$ 497	$ 1,882	$ 972

Revenue - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	Mar. 29, 2025	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 137,562	$ 201,548
Unbilled accounts receivable	160,248	218,233
Contract liabilities	$ 1,094,449	$ 805,547