Symbotic's Fiscal 2025 Delivers Strong Revenue Growth and Record Free Cash Flow Amid Expanding Margins


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Symbotic's Fiscal 2025 Delivers Strong Revenue Growth and Record Free Cash Flow Amid Expanding Margins

26% Year-Over-Year Revenue Growth Sets New Benchmark

Symbotic (NASDAQ:SYM), a leader in AI-enabled robotics for supply chains, reported standout results for its fourth quarter and full fiscal year 2025, ended September 27, 2025. Annual revenue jumped to $2.25 billion, up 26% from the previous year, demonstrating broadening demand for its warehouse automation technology.

Growth came not just from existing sectors, but with the addition of Medline, Symbotic's first health care customer—a move CEO Rick Cohen says broadens the company’s market reach as it heads into fiscal 2026.

Profitability Measures Show Major Improvements

Adjusted EBITDA—a key non-GAAP measure that excludes non-recurring expenses—more than doubled year-over-year to $147.46 million. Meanwhile, net losses for the year stood at $91 million, a slight widening from 2024, but were more than offset by margin expansion and free cash flow growth.

The fourth quarter’s gross profit margin improved to 20.6%, compared to 17.1% in the prior-year quarter. Adjusted gross profit margin for the full year came in at 21%, up from 16.9% in fiscal 2024—highlighting management’s focus on cost controls and operational efficiency as customers migrate to Symbotic’s next-generation storage systems.

Fiscal Year 2025 2024
Revenue ($M) 2,246.92 1,788.18
Net Income (Loss) ($M) (91.03) (84.67)
Adjusted EBITDA ($M) 147.46 61.69
Adjusted Gross Profit Margin (%) 21.0 16.9
Free Cash Flow ($M) 787.91 (102.45)

Free Cash Flow and Balance Sheet Signal Financial Strength

Perhaps most eye-catching, free cash flow for the year turned sharply positive at $787.91 million—a dramatic turnaround from a $102.45 million outflow the prior year. This surge helped cash and equivalents rise by $467 million in the latest quarter, ending at $1.25 billion, providing Symbotic ample liquidity to fund continued innovation and expansion.

The company’s balance sheet remains healthy, with total assets reaching $2.40 billion and total equity climbing to $483.21 million as of September 27, 2025. Deferred revenue nearly doubled to $1.37 billion, reflecting robust bookings for upcoming automation projects.

Margin Expansion Shows Focus on Operational Excellence

Fourth quarter operating expenses increased to $148.88 million, up from $85.53 million a year ago, reflecting increased R&D and administrative investment as the company ramps for growth. Still, rising gross profit margins show that Symbotic is not sacrificing efficiency in its bid for expansion.

Adjusted research and development expenses for the year rose to $138.81 million, but this was paired with advances in technology and new system launches. Management highlighted their ongoing focus on the next-generation storage structure and expansion in verticals beyond retail and grocery.

Looking Forward: Management Projects Steady Momentum

For the first quarter of fiscal 2026, Symbotic forecasts revenue between $610 million and $630 million and adjusted EBITDA between $49 million and $53 million—suggesting steady momentum. CFO Izzy Martins noted that customer transitions to advanced storage architectures are proceeding as expected, supporting optimism for sustained margin expansion and growth.

Key Metrics at a Glance

Metric Q4 2025 Q4 2024
Revenue ($M) 618.46 564.57
Net Income (Loss) ($M) (19.15) 15.95
Adjusted EBITDA ($M) 49.44 42.38
Adjusted Gross Profit Margin (%) 22.1 17.9

Takeaway: Strong Cash Position and Margin Gains Fuel Future Opportunities

Symbotic’s results show a company with the financial firepower to invest in new markets and maintain a leading edge in warehouse automation. With rising revenue, expanding margins, and robust free cash flow, management’s execution sets up Symbotic for potentially greater expansion—particularly as they deepen relationships in new verticals like health care and further refine their technology offerings.

Investors may want to keep an eye on Symbotic’s ability to maintain this growth trajectory, manage costs as expansion continues, and execute on guidance as the market for AI-powered automation matures in 2026 and beyond.


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