Filing Flows › Symbotic (SYM) › Q2 FY25
Symbotic (SYM) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Symbotic (SYM) reported revenue of $550M for the second quarter fiscal 2025 (Q2 FY25), +40% from a year earlier and +13% from the quarter before. Operating margin was -5.8%, net loss $21.4M (3.9% of revenue).
Symbotic, Q2 FY25: revenue $550M (+40% year over year), operating margin -5.8%, net loss $21.4M, operating cash flow $270M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $550M | +13% | +40% |
| Operating profit | −$32.1M | -394% | — |
| Net earnings | −$21.4M | -856% | — |
| Operating cash flow | $270M | +31% | 13× |
| Free cash flow | $249M | — | 14× |
What changed
Revenue was $549.7M in Q2 FY25, up 40% year over year and up 13% from the previous quarter. Systems was the largest line at 93% of revenue. Systems added $142.7M year over year (up 38%), 91% of the total change.
Gross margin was 20.2%, up 12.5 points from a year earlier. Operating costs exceeded revenue by $32.1M, an operating margin of -5.8%. Operating expenses grew 50% against revenue growth of 40%. The fastest-growing cost line was SG&A (+61%). The quarter ended with a net loss of $21.4M, wider than the previous quarter's $18.5M loss. Minority interests bore $17.5M of it: to shareholders the quarter was a loss of $3.9M. Non-operating items added $9.2M, -40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $269.6M (up 1179% year over year). Non-cash charges added back $12.3M of depreciation and amortization and $43.4M of share-based compensation. Working capital and other items added $235.4M. After purchases of property and equipment and capitalization of internal use software development costs ($20.6M), free cash flow as the company reports it was $249.0M.
Questions
What was Symbotic's revenue in the second quarter fiscal 2025?
Symbotic (SYM) reported revenue of $550M for the second quarter fiscal 2025 (Q2 FY25), +40% from a year earlier and +13% from the quarter before.
Was Symbotic profitable in the second quarter fiscal 2025?
Operating loss was $32.1M (-5.8% of revenue) and net loss $21.4M.
Source: Symbotic 10-Q on SEC EDGAR.