Symbotic Inc. last week sold 11.5 million shares and said it plans to use the $425 million in proceeds for “general corporate purposes.” The company had announced the pricing at $55 per share.
Founded in 2007 as CasePick Systems, Symbotic provides robotics, software, and machine learning for high-density storage and material handling. The Wilmington, Mass.-based company said it modernizes warehouses for the world’s largest retail, wholesale, and food and beverage companies.
Symbotic was ranked the second largest robotics company in Massachusetts by the Boston Business Journal, after Boston Dynamics.
Automated storage provider has a strong year
In January 2025, Symbotic named robotics veteran James Kuffner as chief technology officer. He later delivered a keynote at the Robotics Summit & Expo in Boston, where the company was recognized with a 2025 RBR50 Robotics Innovation Award for its BreakPack each handling system.
Also in January, the company said it planned to acquire Walmart’s Advanced Systems and Robotics unit for $200 million.
In August, Symbotic made its next-generation automated storage and retrieval system (ASRS) commercially available. In September, the company integrated Nyobolt’s battery technology into its SymBot autonomous mobile robots (AMRs) to improve their power efficiency.
Save the date for the 2026 Robotics SummitSymbotic reports continued growth
In last week’s filing with the U.S. Securities and Exchange Commission, Symbotic said it had completed the sale of 8 million shares, plus 1.5 million shares from the underwriters’ option and 3.5 million from existing securityholders. SoftBank Group Corp. reportedly sold 3.5 million shares for $186.2 million.
Late last month, the company reported revenue of $618 million, a net loss of $19 million, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $49 million for the fourth quarter of fiscal year 2025.
For the full fiscal year, it reported revenue of $2,247 million, reflecting 26% growth year over year, a net loss of $91 million, and adjusted EBITDA of $147 million.
“We delivered on our commitments to achieve strong top-line growth, a significant rise in operational systems, and strong margin expansion in fiscal year 2025 as we continue to enhance our value to customers,” stated Rick Cohen, Symbotic chairman and CEO. “We also added Medline, our first customer in the healthcare vertical, and enter fiscal year 2026 enthusiastic about our prospects to broaden opportunities with customers.”
