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Symbotic Inc. is a company focused on developing, commercializing, and deploying innovative technology solutions to enhance supply chain operations. The company automates the processing of pallets and cases in large warehouses or distribution centers, primarily serving some of the largest retail companies globally. Symbotic's offerings include fully autonomous robots controlled by AI-enabled software, which aim to improve operations at the front end of the supply chain.
- Systems - Deploys warehouse automation systems that connect producers of goods to end users, addressing mismatches in quantity, timing, and location while reducing costs.
- Operation Services - Provides operational support and spare parts sales to maintain and enhance the functionality of deployed systems.
- Software Maintenance and Support - Offers software-related services for operational systems to ensure continuous and efficient operation.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Richard B. Cohen ExecutiveBoard | Chairman and CEO | Executive Chairman of C&S Wholesale Grocers, Inc. | Richard B. Cohen has extensive experience in wholesale distribution and automation, leading Symbotic Inc. since June 2022, and became CEO on November 19, 2022. | View Report → |
Carol Hibbard Executive | CFO and Treasurer | None | Carol Hibbard has over 25 years of finance and accounting leadership experience, previously holding senior roles at The Boeing Company. | |
Charles Kane Board | Director | Director at Alkami Technology, Inc. and Progress Software Corp.; Lecturer at MIT Sloan School of Management | Charles Kane has extensive experience as a senior executive officer and serves on multiple boards, contributing his expertise in financial management. | |
Daniela Rus Board | Director | Professor and Director at MIT CSAIL; Various advisory roles | Daniela Rus is a leading expert in robotics and AI, serving as a professor at MIT and holding numerous advisory positions. | |
Merline Saintil Board | Director | Board member at GitLab Inc., Evolv Technologies Holdings, Inc., Rocket Lab USA, Inc., TD SYNNEX Corporation, and Lightspeed Commerce Inc. | Merline Saintil has extensive expertise in technology and digital transformation, serving on multiple boards of public companies. | |
Rollin Ford Board | Director | Boards of Mercy Health System, John Brown University, and AT Kearney | Rollin Ford has been a director at SYM since June 2022 and holds various board positions outside of SYM. | |
Todd Krasnow Board | Director | Director at Ecentria and Kids2 Inc.; Advisory board member at C&S Wholesale Grocers | Todd Krasnow has a strong background in marketing and leadership, serving as President of Cobbs Capital, Inc. and holding various board positions. | |
Vikas Parekh Board | Director | Managing Partner at SoftBank Investment Advisers | Vikas Parekh focuses on investing in enterprise software and emerging technologies, holding director seats across public and private markets. |
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Given that you haven't yet achieved your target gross margins and are focusing on improving schedules and cost performance, can you provide specific timelines and actions you are taking to reach your desired gross margin levels?
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Despite record system deployments and starts in Q4, your Q1 revenue guidance implies a sequential decline; can you explain the factors contributing to this volatility and how you plan to ensure more consistent revenue growth?
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With the significant capital investment in the Georgia GreenBox facility without an anchor tenant, how confident are you in securing customers, and what is your plan if customer acquisition takes longer than expected?
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Progress in penetrating the European market appears limited; what specific challenges are you encountering in Europe, and what strategies are you implementing to accelerate your international expansion?
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Regarding the $11 billion order commitment with SoftBank for GreenBox by 2029, how confident are you in achieving this target, and what are the key risks that could impact fulfilling this commitment?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Walmart Advanced Systems & Robotics Inc. (WASR) | 2025 | Deal Value/Structure: Symbotic acquired WASR through a Purchase and Sale Agreement with an initial cash payment of $200 million and additional deferred cash up to $350 million based on performance milestones. Strategic Rationale & Key Assets: The acquisition, coupled with a Master Automation Agreement to deploy 400–600 APDs and secured R&D fees totaling $520 million, is designed to significantly expand Symbotic’s market reach and enhance its backlog by over $5 billion. |
OhmniLabs, Inc. | 2024 | Deal Value/Structure: Completed on December 3, 2024, the transaction was structured as an Asset Purchase Agreement for approximately $13.0 million. Strategic Rationale & Key Assets: This deal allowed Symbotic to acquire select assets and liabilities from OhmniLabs, aligning with its broader technological strategy while accounting the transaction as an asset acquisition. |
Veo Robotics, Inc. | 2024 | Deal Value/Structure: Acquired via an asset purchase on July 19, 2024, for $8.7 million. Strategic Rationale & Key Assets: The acquisition brought in valuable intellectual property related to safety and access technologies along with the entire Veo Robotics team, enhancing Symbotic’s mobile robotics capabilities. |
Symbotic Holdings LLC and Warehouse Technologies LLC | 2022 | Deal Value/Structure: This completed business combination involved a series of mergers and share conversions with SVF Investment Corp. 3, including the issuance of 175,402,713 OpCo Units and contingent Earnout Interests up to 6,908,643 units. Strategic Rationale & Key Assets: The transaction consolidated Symbotic’s warehouse automation technologies under a publicly traded entity, streamlining operations and integrating key capabilities from both companies. |
Recent developments and announcements about SYM.
Earnings
New Earnings (Q1 2025)
·Feb 5, 2025, 11:47 PMView full earnings summary →Symbotic sees major LatAm growth potential and new verticals, but Q2 OpEx could jump $5M-$10M. Negative Ops Services profit continues near term, with system GM under 20% in H1 before improving. Watch Walmart concentration risk as non-Walmart growth moderates.
8-K Filings
8-K Filing
·7 days agoShareholder VoteView full 8-K filing →At the 2025 Annual Meeting on March 6, 2025, stockholders approved four proposals. Seven directors were elected, advisory votes on executive compensation passed, and Grant Thornton LLP was ratified as auditor for fiscal year ending September 27, 2025. Quorum was 99.14%.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Symbotic faces a class action alleging accelerated revenue recognition that impacted investors from Feb 8–Nov 26, 2024. Those experiencing losses have until Feb 3, 2025 to request lead plaintiff status and discuss their rights.