Risk Sleuth
SYM · 10-K filed 24 Nov 2025 · year to 27 Sep 2025

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 risk
Walmart, 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 risk
We 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 risk
Our 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 risk
Net 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 risk
We have several larger customers, UNFI, GreenBox, Southern Glazers and Albertsons.Risk factors (Item 1A)

C&S Wholesale Grocers

earns fromnamed as a risk
Despite 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 from
We 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)

Also named by BBW, COST, SPG

Nueva Wal Mart de México

earns from
In 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

Single-source suppliers

depends onnamed as a risk
Unavailability of, or delivery delays for, single-source components or products could adversely affect our ability to ship the related products in a timely manner.Risk factors (Item 1A)

Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, DOV, EL and 11 more

Third-party contract manufacturers

depends on
We manufacture with third-party contract manufacturers, which has allowed us to efficiently scale production capabilities, optimize resources, and foster agility in meeting growing market demand.Business (Item 1)

Also named by CIEN, KVUE, NBIX, ON, WDFC

Partners and platforms

GreenBox Systems LLC

at least $7.5 billion
On 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 GreenBox
We own 35% of GreenBox and SoftBank Group owns 65% of GreenBox.Business (Item 1)

Other companies

Euro

exposed to its pricenamed as a risk
We 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 risk
Accordingly, 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 risk
Since 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 risk
In 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 risk
The 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 risk
We 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

Hurricane Helene

named as a risk
For example, during our fiscal year 2024, Hurricane Helene affected our ability to timely complete a customer installation at one of our sites.Risk factors (Item 1A)

Also named by BAX, BWXT, IMKTA, MNST, SO

Commodities and inputs

Semiconductors

depends onnamed as a risk
shortages 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 risk
the 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

Steel

exposed to its price
For example, in most cases, increases in steel prices are passed on to the customer, preserving our gross profit.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Regulators

Occupational Safety and Health Administration (OSHA)

subject tonamed as a risk
Our 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 risk
Under 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)

Also named by ARES, BWIN, DRVN, EVR, GPGI, OWL, TW

2022 Walmart Master Automation Agreement

earns from · approximately an additional $6.1 billionnamed as a risk
We 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 million
Associated 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 systems
The 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 risk
The 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 risk
Our current and future system may be subject to these heightened regulations, which could increase our compliance costs.Business (Item 1)