---
schema_version: "secwatch.filing_event.v1"
accession: "0001837240-24-000213"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:11:38.889722+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Symbotic reports Q4 revenue $577M, net income $28M, restates interim FY2024 financials

## Summary
- Q4 FY2024 revenue $577M (up from $392M YoY); net income $28M vs loss of $45M; adj EBITDA $55M (up from $13M).
- Full-year revenue $1,822M (+55% YoY); net loss $51M; adj EBITDA $96M.
- Restating Q1-Q3 FY2024 interim financials: goods/services costs recorded before milestone achievement, accelerating cost & revenue recognition.
- Q1 FY2025 guidance: revenue $495M-$515M; adj EBITDA $27M-$31M.
- Cash & equivalents $727M at quarter end, down $143M from prior quarter.

## SEC filing metadata
- accession: 0001837240-24-000213
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000213/0001837240-24-000213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000213/sym-20241118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837240-24-000213
- JSON: https://secwatch.observer/filing/0001837240-24-000213.json
- Plain text: https://secwatch.observer/filing/0001837240-24-000213.txt

## Key facts
- Auditor Changes
  Symbotic Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Grant Thornton LLP
  source text: The Company’s previously issued financial statements for these periods should therefore no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000213/0001837240-24-000213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.