SYMHIGH SIGNALOPERATIONAL10-K

Symbotic has dramatically expanded its business scope from pallets/cases to include individual items ("eaches"), while achieving extraordinary operational cash flow improvement from -$58M to +$867M.

The language changes reveal a major business expansion into item-level automation (not just case/pallet level), which significantly broadens Symbotic's addressable market and competitive positioning in warehouse automation. The massive operational cash flow turnaround suggests the company has reached an inflection point where its systems are generating substantial cash, likely from its large Walmart and GreenBox contracts that comprise most of its $22.5B backlog.

Comparing 2025-11-24 vs 2024-12-04View on EDGAR →
FINANCIAL ANALYSIS

Symbotic's financials show explosive growth across all major categories, with the most striking being the 1,593% improvement in operating cash flow from negative $58M to positive $867M, indicating the business has reached cash generation inflection. Revenue growth is evident through 72% gross profit increase to $423M, while the company is scaling operations as shown by 52% total asset growth to $2.4B and proportional increases in liabilities to $1.9B. The strong cash position improvement to $1.2B, combined with higher inventory levels, suggests aggressive scaling to meet the substantial backlog demand.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+1592.7%
-$58.1M$866.9M

Operating cash flow surged 1592.7% — exceptional cash generation, highest quality earnings signal.

Capital Expenditure
Cash Flow
+169.2%
$15.7M$42.2M

Capital expenditure jumped 169.2% — major investment cycle underway; assess returns on deployment.

Gross Profit
P&L
+72%
$245.7M$422.6M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Cash & Equivalents
Balance Sheet
+71.2%
$727.3M$1.2B

Cash position surged 71.2% — strong cash generation or capital raise providing significant financial cushion.

Current Liabilities
Balance Sheet
+70%
$1.0B$1.7B

Current liabilities surged 70% — significant near-term obligations; verify ability to meet short-term debt.

Total Liabilities
Balance Sheet
+61.4%
$1.2B$1.9B

Liabilities grew 61.4% — significant increase in debt or obligations, assess impact on financial flexibility.

SG&A Expense
P&L
+58.1%
$188.9M$298.7M

SG&A up 58.1% — significant increase in sales or administrative costs, monitor impact on operating leverage.

Inventory
Balance Sheet
+54.9%
$106.1M$164.4M

Inventory surged 54.9% — growing significantly faster than typical sales pace; potential demand softening or supply chain overcorrection.

Total Assets
Balance Sheet
+52.1%
$1.6B$2.4B

Asset base grew 52.1% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+39.5%
$1.4B$1.9B

Current assets grew 39.5% — improving short-term liquidity or inventory/receivables build.

LANGUAGE CHANGES
NEW — 2025-11-24
PRIOR — 2024-12-04
ADDED
We automate the processing of pallets, cases and items (known as eaches) in warehouses.
Our robotic based automation systems, which include hardware and essential software, move, store and sort cases and eaches in warehouses.
Our systems are operational in a number of the world s largest retailers, including Walmart, wholesale distributors, including C S Wholesale Grocers, and are being deployed in GreenBox Systems LLC ( GreenBox ), our warehouse-as-a-service joint venture.
We have approximately $22.5 billion of backlog as of September 27, 2025, of which our agreements with Walmart and GreenBox comprise the vast majority.
We have devoted significant funds and resources to date in developing and diversifying our systems and related applications.
+7 more — sign up free →
REMOVED
We automate the processing of pallets and cases in large warehouses or distribution centers for some of the largest retail and wholesale companies in the world.
Our supply chain automation system ( System ) enhances operations at the front end of the supply chain, and therefore benefits all supply partners further down the chain, irrespective of fulfillment strategy.
Symbotic was established to develop technologies to improve operating efficiencies in modern warehouses.
Significant funds and resources have been devoted to date in developing the Symbotic system and related applications to create a system with the ability to fundamentally change how the supply chain functions.
Symbotic s intellectual property is protected by a portfolio of over 700 issued and/or pending patents.
+7 more — sign up free →
MORE OPERATIONAL SIGNALS
HOFTHIGHHOFT completed a major divestiture of its Pulaski and Samuel Lawrence furniture ...
2026-04-17
CTRNHIGHCTRN underwent a dramatic operational turnaround with a complete repositioning f...
2026-04-15
ORBSHIGHORBS has undergone a complete business transformation from packaging and e-comme...
2026-04-15
BRFHHIGHBRFH completed a transformative acquisition of Arps Dairy in October 2025, drama...
2026-04-15
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →