Symbotic Inc. (SYM)

Price$44.04Cached quoteAs of 2026-09-25 10:34 UTC

AI: Overvalued

Price checkThe stock still prices in years of rapid growth and major profit improvement.

At the observed quote, Symbotic’s equity is worth about $24.7 billion and enterprise value—a rough value for the operating business after subtracting cash and adding debt—about $23.0 billion. Against roughly $2.65 billion of trailing revenue, that is about 8.7 times sales. Analysts expect about $0.77 of adjusted earnings per share next fiscal year, a measure that excludes some accounting costs; even then, investors pay roughly $53 for each projected $1 of profit. The valuation still requires years of rapid growth and much stronger margins, leaving little margin of safety. StockAnalysis.com+1

Big pictureRevenue and margins are improving quickly, but cash flow still swings with customer payments.

Quarterly revenue reached $721 million, up about 22% from a year earlier, while gross margin improved to 22.3% from 18.9% and operating income turned positive. For the first nine months of fiscal 2026, free cash flow—cash left after running and investing in the business—was about $243 million, slightly above the prior-year period. But the latest quarter used about $165 million of free cash flow. Customer prepayments and deployment timing can move cash sharply between quarters, so recent cash generation should not be treated as steady. SEC+1

Business strengthA huge backlog and cash cushion support growth, but customer concentration limits diversification.

The balance sheet gives Symbotic room to keep investing: cash was about $1.75 billion, while current assets exceeded current liabilities by roughly $711 million. Contracted backlog was about $22.5 billion, with around 15% expected to become revenue over the following 12 months. The weakness is concentration. One customer produced 90.5% of latest-quarter revenue and 87% over nine months, and Walmart plus Exol make up most backlog. That creates strong visibility, but also makes delays, renegotiation, or slower rollout at a few customers unusually important. SEC+2SEC+2

What could change the storyHigher sustained margins would justify more, while dilution or slower deployments would weaken the case.

The best bull case is revenue growth above 20% with gross margin sustainably above 25% and operating margin reaching double digits; ARMS software and Walmart store-level automation could help. The bear case is deployment growth slowing before those economics arrive. Stock-based compensation was about $143 million over nine months, while total common shares rose about 2.4% year over year. Symbotic also raised about $424 million by issuing eight million shares, strengthening cash but diluting owners. No buybacks or dividends offset that. Sustained margins above those thresholds would make the current valuation easier to justify. SEC+2SEC+2

AI: News

Q3 profit step-upThird-quarter growth and profitability improved sharply, yet the shares sold off after the report.

On August 5, Symbotic reported fiscal third-quarter revenue of about $721 million, up 22% year over year, and adjusted earnings before interest, taxes, depreciation, and amortization of about $95 million. It guided the next quarter to $760 million-$780 million of revenue and $100 million-$105 million of adjusted earnings on that measure. Shares fell 14.9% the next session on heavy volume. The timing shows a negative market reaction to the report, but it does not prove which expectation disappointed investors. Symbotic Inc.+1

ARMS software acquisitionSymbotic bought warehouse-operations software to broaden its platform, but financial terms were not disclosed.

On July 2, Symbotic acquired UK-based ARMS Innovations, which makes software for coordinating warehouse automation, workers, maintenance, and disruptions in real time. The purchase price and acquired revenue were not disclosed, making near-term financial impact hard to measure. The stock fell about 4.9% that day, but timing alone cannot show the acquisition caused the move. Strategically, ARMS could increase software content and recurring revenue if Symbotic can sell the tools across its installed base and new deployments. Symbotic Inc.+1

Q2 growth, weak reactionSecond-quarter results beat prior-year levels, but the stock fell sharply across the next two sessions.

On May 6, Symbotic reported fiscal second-quarter revenue of $676 million, up 23% year over year, with adjusted earnings before interest, taxes, depreciation, and amortization of $78 million, more than double the prior-year level. It guided the following quarter to $700 million-$720 million of revenue. Shares fell 7.7% the next session and another 7.3% the day after. That sequence suggests expectations were demanding, but price timing alone cannot identify the exact reason for the decline. Symbotic Inc.+1

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Revenue

2020

2021

2022

2023

2024

2025

Net income

2020

2021

2022

2023

2024

2025

Free cash flow

2020

2021

2022

2023

2024

2025

Total cash / debt

CashTotal debt

2020

2021

2022

2023

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2025

Financial statements

	2025	2024	2023	2022	2021 · Dec 31	2021 · Sep 25	2020
Revenue	$2.25B	$1.79B	$1.18B	$593.3M	—	$251.9M	$92.1M
Gross profit	$422.6M	$245.7M	$189.7M	$99.6M	—	$10.4M	−$18.9M
Gross margin	18.81%	13.74%	16.12%	16.80%	—	4.15%	−20.56%
Research & development	$216.0M	$173.5M	$195.0M	$124.1M	—	$73.4M	$55.9M
Operating expenses	$537.6M	$362.4M	$413.0M	$240.0M	—	$132.8M	$91.4M
Operating income	−$115.0M	−$116.7M	−$223.2M	−$140.4M	−$6.5M	−$122.4M	−$110.4M
Operating margin	−5.12%	−6.53%	−18.97%	−23.66%	—	−48.58%	−119.86%
EBITDA	−$75.4M	−$95.9M	−$213.8M	−$134.4M	—	−$117.9M	−$104.6M
EBITDA margin	−3.36%	−5.36%	−18.16%	−22.65%	—	−46.80%	−113.64%
Net income	−$16.9M	−$13.5M	−$23.9M	−$6.9M	−$6.5M	−$122.3M	−$109.5M
Net profit margin	−0.75%	−0.75%	−2.03%	−1.16%	—	−48.55%	−118.93%
Basic EPSper basic share	-$0.16	-$0.14	-$0.37	-$0.13	—	—	—
Diluted EPSper diluted share	-$0.16	-$0.14	-$0.37	-$0.13	—	—	—

Review official source filings ↗

Owners

Reported shareholders

Reference date Jun 30, 2026

≈30.89%of listed shares

SOFTBANK GROUP CORP.39.83M shares · Jun 30, 2026

View holders

Top 20 reported holders of SYM
Holder	% owned
SOFTBANK GROUP CORP.	≈30.89%39.83M shares
Walmart Inc.	≈11.63%15M shares
BAILLIE GIFFORD & CO	≈9.51%12.26M shares
VANGUARD PORTFOLIO MANAGEMENT LLC	≈3.33%4.3M shares
MORGAN STANLEY	≈3.00%3.87M shares
JPMORGAN CHASE & CO	≈2.24%2.89M shares
VANGUARD CAPITAL MANAGEMENT LLC	≈2.21%2.85M shares
AMERIPRISE FINANCIAL INC	≈1.56%2.01M shares
BlackRock, Inc.	≈1.36%1.76M shares
FMR LLC	≈1.11%1.43M shares
TWO SIGMA INVESTMENTS, LP	≈1.09%1.41M shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	≈0.85%1.1M shares
BANK OF AMERICA CORP /DE/	≈0.82%1.06M shares
RENAISSANCE TECHNOLOGIES LLC	≈0.74%960.1K shares
Daiwa Securities Group Inc.	≈0.73%947.27K shares
GOLDMAN SACHS GROUP INC	≈0.73%935.61K shares
RAYMOND JAMES FINANCIAL INC	≈0.70%904.24K shares
CANADA PENSION PLAN INVESTMENT BOARD	≈0.67%864.4K shares
GEODE CAPITAL MANAGEMENT, LLC	≈0.64%823.8K shares
ARK Investment Management LLC	≈0.62%796.75K shares

Percentages use 128.93M shares of this listed class outstanding on Jun 27, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.

Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.

Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys0$0.00 disclosed value

Sells (SEC code S)207$994.98M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 1, 2026Form 4 · 10b5-1	KRASNOW TODDDirector	SellClass A Common Stock · indirect	68	$48.51	$3.3K	0
Jun 1, 2026Form 4 · 10b5-1	KRASNOW TODDDirector	SellClass A Common Stock · indirect	1.1K	$47.90	$52.7K	68
Jun 1, 2026Form 4 · 10b5-1	KRASNOW TODDDirector	SellClass A Common Stock · indirect	348	$47.02	$16.4K	1.2K
Jun 1, 2026Form 4 · 10b5-1	KRASNOW TODDDirector	SellClass A Common Stock · indirect	483	$45.97	$22.2K	1.5K
Jun 1, 2026Form 4 · 10b5-1	KANE CHARLESDirector	SellClass A Common Stock	2.0K	$45.99	$92.0K	89.9K