Symbotic
29 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.
Customers
Walmart
earns from · approximately 85% of our total revenuenamed as a riskWalmart, our largest customer, accounted for approximately 85% of our total revenue in the fiscal year ended September 27, 2025 and for a significant majority of our $22.5 billion backlog as of September 27, 2025.Risk factors (Item 1A)
Also named by AIOT, BRK/B, CART, COST, DG, DGX, EEFT, FDX and 6 more
Albertsons
earns from · approximately 13% of our total revenuenamed as a riskWe have several larger customers, UNFI, GreenBox, Southern Glazers and Albertsons.Risk factors (Item 1A)
Also named by KR
GreenBox Systems LLC
earns from · $11.6 billionnamed as a riskOur backlog includes $11.6 billion associated with GreenBox and any delays in implementation could adversely affect the business and when anticipated benefits are realized.Risk factors (Item 1A)
UNFI
earns from · approximately 13% of our total revenuenamed as a riskNet sales to these customers accounted for approximately 13% of our total revenue in the fiscal year ended September 27, 2025.Risk factors (Item 1A)
Southern Glazer's Wine & Spirits
earns from · approximately 13% of our total revenuenamed as a riskWe have several larger customers, UNFI, GreenBox, Southern Glazers and Albertsons.Risk factors (Item 1A)
C&S Wholesale Grocers
earns fromnamed as a riskDespite our affiliation with C&S Wholesale Grocers, there is no guarantee that it will continue to be a customer beyond the term of its current contracts with us in October 2029.Risk factors (Item 1A)
Target
earns fromWe have a strong blue-chip customer base that includes some of the world’s largest retailers and wholesale grocers, including Walmart, Albertsons, our affiliate, C&S Wholesale Grocers, GreenBox, and Target.Business (Item 1)
Nueva Wal Mart de México
earns fromIn the first quarter of fiscal year 2025, we entered into a commercial agreement with Nueva Wal Mart de México, S. de R.L. de C.V to implement our systems in two of their locations near Mexico City.Risk factors (Item 1A)
Suppliers
Partners and platforms
GreenBox Systems LLC
at least $7.5 billionOn the terms and subject to the conditions set forth therein, the commercial agreement provides for a commitment from GreenBox to expend at least $7.5 billion in the aggregate to purchase our systems over a six-year period pursuant to an agreed-upon timeline with implementation of our systems which began in fiscal year 2024.Business (Item 1)
SoftBank Group
SoftBank Group owns 65% of GreenBoxWe own 35% of GreenBox and SoftBank Group owns 65% of GreenBox.Business (Item 1)
Other companies
Euro
exposed to its pricenamed as a riskWe may be exposed to fluctuations of the U.S. dollar against certain other currencies, including the Euro and Mexican Peso, because we publish our financial statements in U.S. dollars, while some of our assets, liabilities, revenues and costs are or will be denominated in other currencies.Risk factors (Item 1A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Competitors
Witron
competes withnamed as a riskAccordingly, we compete with a number of companies that offer solutions to the retail distribution market, including companies that offer (i) comprehensive solutions, which are comprised of a disparate set of point solutions such as Witron, Knapp AG, Honeywell, Dematic, Vanderlande, SSI Schaefer and Swisslog; and (ii) solutions that focus exclusively on micro-fulfillment, such as Exotec, Ocado, AutoStore, Geek+, Hai Robotics and Knapp AG.Risk factors (Item 1A)
Ocado
competes withnamed as a riskSince we expanded into e-commerce with our micro-fulfillment system, Knapp AG, Exotec, Ocado, Geek+, Hai Robotics and AutoStore are competitors.Business (Item 1)
Places
Wilmington, Massachusetts
concentrated in · Approximately 30% of our employeesnamed as a riskIn addition, a substantial portion of our operations rely on support from our headquarters in Wilmington, Massachusetts.Risk factors (Item 1A)
Also named by ADI
China
depends onnamed as a riskThe materials we purchase and use in the ordinary course of business are sourced from a wide variety of suppliers around the world including Germany, Italy, Sweden, Mexico, the United States, Canada and China.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Mexico
operates innamed as a riskWe are subject to the U.S. Foreign Corrupt Practices Act of 1977, as amended, the U.S. domestic bribery statute contained in 18 U.S.C. § 201, the U.S. Travel Act and the USA PATRIOT Act, and are or will be subject to other anti-bribery and anti-money laundering laws in countries in which we conduct or will conduct activities such as Mexico.Risk factors (Item 1A)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
Hazards
Commodities and inputs
Semiconductors
depends onnamed as a riskshortages and untimely availability of components, commodities or other materials, including semiconductors and integrated circuits, which could adversely affect our manufacturing efficiencies, construction schedules and ability to make timely delivery of our systems and services.Risk factors (Item 1A)
Also named by AAPL, AIOT, ARW, AXON, CARR, CAT, CIEN, CSCO and 16 more
Batteries
depends onnamed as a riskthe impact of shortages of components, commodities or other materials, including semiconductors, integrated circuits and batteries, and other supply chain disruptions;Risk factors (Item 1A)
Also named by GNRC
Regulators
Occupational Safety and Health Administration (OSHA)
subject tonamed as a riskOur facilities are subject to numerous federal and state laws and regulations, including those of OSHA, a regulatory agency of the United States Department of Labor.Risk factors (Item 1A)
Also named by BLDR, CSW, CTOS, ECG, FIX, GVA, HLIO, IBP and 7 more
Laws and programs
Tax Receivable Agreement
approximately $453 millionnamed as a riskUnder such scenario we would be required to pay the TRA Holders 85% of such amount, or approximately $453 million, over a 41-year period from the Business Combination.Risk factors (Item 1A)
2022 Walmart Master Automation Agreement
earns from · approximately an additional $6.1 billionnamed as a riskWe amended and restated our Master Automation Agreement with Walmart in 2022 (“2022 Walmart MAA”) to implement our Systems in all of Walmart’s 42 regional distribution centers, adding approximately an additional $6.1 billion to our backlog at that time.Risk factors (Item 1A)
2025 Walmart Master Automation Agreement
earns from · $520 millionAssociated with this development program, Walmart will pay us a total of $520 million, including $230 million that was paid at the closing of acquisition of ASR, $165 million payable on the first anniversary of the acquisition and $125 million payable on the second anniversary of the acquisition.Business (Item 1)
2025 Walmart Master Automation Agreement
earns from · 400 micro-fulfillment systemsThe 2025 Walmart MAA provides for a commitment, subject to the satisfaction of defined system performance metrics, from Walmart to purchase 400 micro-fulfillment systems, with an option for Walmart to purchase an additional 200, exercisable by Walmart within 30 days following acceptance of the 220th micro-fulfillment system under the terms of the 2025 Walmart MAA.Business (Item 1)
U.S. tariffs
exposed to its pricenamed as a riskThe U.S. has enacted various trade actions, including imposing tariffs on certain goods we import from other countries, which has also contributed to higher costs for some commodities and raw materials.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Export Control Reform Act of 2018
subject tonamed as a riskOur current and future system may be subject to these heightened regulations, which could increase our compliance costs.Business (Item 1)