Symbotic Company Profile: History, Customers, Financials, Leadership and Stock
Updated: 7 days ago
Symbotic builds robotic systems that automate whole distribution centers for large retailers and wholesalers, with Walmart as its best-known customer. In its latest quarter it reported revenue of about USD 721 million, up 22%, and had 77 systems in deployment. This profile sets out its history, customers, results, leadership and share data.
Symbotic at a Glance
Fact | Detail |
Company | Symbotic Inc. |
Founded | 2007, as CasePick Systems; renamed Symbotic in 2012 |
Headquarters | Wilmington, Massachusetts, USA |
Quarterly revenue | About USD 721 million in the quarter that ended June 27, 2026 |
Systems in deployment | 77 |
Cash | USD 1.7 billion |
Stock listing | Nasdaq: SYM |
Market capitalization | About USD 25.8 billion in October 2026 |
Chairman and CEO | Rick Cohen |
Company History
Symbotic was founded in 2007 as CasePick Systems and took its present name in January 2012. Its technology was developed in and for grocery wholesale distribution: C&S Wholesale Grocers was an early user. Target adopted the system in 2014, and work with Walmart and Albertsons began in 2017. In July 2021 Walmart expanded Symbotic's robots to 25 more regional distribution centers. The company announced its stock market listing in December 2021 through a merger with SVF Investment Corp. 3, a special purpose company affiliated with SoftBank.
Key milestones
2007: Founded as CasePick Systems.
2012: Renamed Symbotic.
2014: Target adopts the technology.
2017: Work begins with Walmart and Albertsons.
2021: Walmart expands the roll-out; listing announced through a SoftBank-affiliated SPAC.
More recently Symbotic acquired the Advanced Systems and Robotics business from Walmart, signed a commercial agreement with Walmart's Mexican business, and formed the GreenBox Systems joint venture, which now trades as Exol.
Technology and Customers
Symbotic's systems use fleets of autonomous robots controlled by AI-based software. The robots travel untethered at up to 25 miles per hour, move vertically as well as horizontally, and handle about one case per minute each. Customers named for the system include C&S Wholesale Grocers, Albertsons, Giant Tiger, Target and Walmart, and its software serves about 1,400 stores. The company itself lists dependence on Walmart as a risk.
Financial Performance
Item | Quarter ended June 27, 2026 | A year earlier |
Revenue | About USD 721 million | About USD 592 million |
Net income | USD 55 million | Loss of USD 21 million |
Adjusted EBITDA | USD 95 million | USD 45 million |
Cash and equivalents | USD 1.7 billion |
Revenue grew 22% and the company moved from a loss to a profit, with adjusted EBITDA more than doubling. Free cash flow was negative by about USD 165 million in the quarter. For the following quarter Symbotic expects revenue of USD 760 to 780 million and adjusted EBITDA of USD 100 to 105 million. Chairman and chief executive Rick Cohen said the company was well on track to meet its objectives for the fiscal year and saw growing opportunities to broaden its work with existing and prospective customers.
Leadership
Name | Role |
Rick Cohen | Chairman and Chief Executive Officer |
Stock Information
Item | Detail |
Listing | Nasdaq: SYM |
Share price | About USD 42.6 in October 2026 |
Market capitalization | About USD 25.8 billion |
One-year change | Down about 33% |
Note: share prices are indicative figures as of early October 2026 and change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
Systems proven at the scale of the largest retailers.
Revenue growing above 20% with improving profitability.
USD 1.7 billion of cash.
Challenges
Heavy dependence on Walmart.
Negative free cash flow in the latest quarter.
A share price that has fallen by a third in a year.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 3 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
Symbotic FAQ
Is Symbotic publicly traded?
Yes, on Nasdaq under the symbol SYM.
When was Symbotic founded?
In 2007, as CasePick Systems. It was renamed Symbotic in 2012.
Who are Symbotic's customers?
They include Walmart, Target, Albertsons, C&S Wholesale Grocers and Giant Tiger.
Is Symbotic profitable?
It reported net income of USD 55 million in the quarter that ended on June 27, 2026.
Who is the CEO of Symbotic?
Rick Cohen, who is also chairman.
Sources
Symbotic: third quarter fiscal 2026 results
Wikipedia: Symbotic
