Filing Flows › Symbotic (SYM) › Q4 FY24
Symbotic (SYM) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 4, 2024
Symbotic (SYM) reported revenue of $565M for the fourth quarter fiscal 2024 (Q4 FY24), +44% from a year earlier and +20% from the quarter before. Operating margin was 1.9%, net earnings $2.8M (0.5% of revenue).
Symbotic, Q4 FY24: revenue $565M (+44% year over year), operating margin 1.9%, net earnings $2.8M, operating cash flow −$99.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $565M | +20% | +44% |
| Gross profit | $96.4M | +75% | +64% |
| Operating profit | $10.9M | — | — |
| Net earnings | $2.8M | — | — |
| Operating cash flow | −$99.4M | — | — |
What changed
Revenue was $564.6M in Q4 FY24, up 44% year over year and up 20% from the previous quarter.
Gross margin was 17.1%, up 2.1 points from a year earlier. Operating profit was $10.9M, a 1.9% margin (up 15.7 points year over year). Operating expenses fell 24% while revenue rose 44%. Net earnings were $2.8M. The effective tax rate was 20.5%. Non-operating items added $9.2M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$99.4M. Non-cash charges added back $6.4M of depreciation and amortization and $25.4M of share-based compensation. Working capital and other items used $147.1M. Capital expenditures of $20.7M exceeded it, leaving free cash flow of −$120.1M.
Questions
What was Symbotic's revenue in the fourth quarter fiscal 2024?
Symbotic (SYM) reported revenue of $565M for the fourth quarter fiscal 2024 (Q4 FY24), +44% from a year earlier and +20% from the quarter before.
Was Symbotic profitable in the fourth quarter fiscal 2024?
Operating profit was $10.9M (1.9% of revenue) and net earnings $2.8M.
Source: Symbotic 10-K on SEC EDGAR.