Setback
Symbotic said it had found errors in how it counted revenue, restated its 2024 quarterly results and could not file its annual report on time.
A delay, pause or setback
What the source says
“it is unable to file its Annual Report on Form 10-K for the fiscal year ended September 28, 2024”
What it means
Symbotic, from Symbotic, is at stage 4 of 5 on our ladder: paying customers. A setback stays on the record next to the milestones; the stage moves down only when the rules say so.
Human help: Our sources report it working without human help.
More on Symbotic
- Symbotic reported $721 million in revenue for the quarter, up 22% on a year earlier, with 77 systems being installed.
- Symbotic reported about $22.5 billion of signed work still to be delivered (its backlog).
- Walmart made up about 85% of Symbotic's revenue in the year to September 2025.
- As part of that deal, Walmart agreed to pay $520 million to develop and buy 400 small automated pickup systems for the back rooms of its stores.
- Symbotic was putting its robot system into all 42 of Walmart's regional distribution centers in the US.
- Symbotic bought Walmart's own robotics business, Advanced Systems and Robotics.