Symbotic (SYM) 10-Q 31 Jul 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 29, 2024	Jul. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 29, 2024
Document Transition Report	false
Entity File Number	001-40175
Entity Registrant Name	SYMBOTIC INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1572401
Entity Address, Address Line One	200 Research Drive
Entity Address, City or Town	Wilmington
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01887
City Area Code	978
Local Phone Number	284-2800
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	SYM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001837240
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--09-28
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		103,779,435
Class V-1 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		77,488,386
Class V-3 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		404,309,196

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 870,469	$ 258,770
Marketable securities	0	286,736
Accounts receivable	100,499	69,206
Unbilled accounts receivable	160,688	121,149
Inventories	132,111	136,121
Deferred expenses	6,748	34,577
Prepaid expenses and other current assets	100,802	85,236
Total current assets	1,371,317	991,795
Property and equipment, net	81,029	34,507
Intangible assets, net	0	217
Other assets	106,096	24,191
Total assets	1,558,442	1,050,710
Current liabilities:
Accounts payable	156,286	109,918
Accrued expenses and other current liabilities	177,166	128,314
Deferred revenue	714,641	787,227
Total current liabilities	1,048,093	1,025,459
Deferred revenue	81,642	0
Other liabilities	49,412	27,967
Total liabilities	1,179,147	1,053,426
Commitments and contingencies (Note 13)	0	0
Equity:
Additional paid-in capital - warrants	0	58,126
Additional paid-in capital	1,742,697	1,254,022
Accumulated deficit	(1,321,431)	(1,310,435)
Accumulated other comprehensive loss	(2,632)	(1,687)
Total stockholders’ equity	418,695	82
Noncontrolling interest	(39,400)	(2,798)
Total equity	379,295	(2,716)
Total liabilities and equity	1,558,442	1,050,710
Class A Common Stock
Equity:
Common stock, value, issued	12	8
Class V-1 Common Stock
Equity:
Common stock, value, issued	8	7
Class V-3 Common Stock
Equity:
Common stock, value, issued	$ 41	$ 41

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 29, 2024	Sep. 30, 2023
Common stock, outstanding (in shares)	584,895,701	556,572,919
Class A Common Stock
Common stock, authorized (in shares)	3,000,000,000	3,000,000,000
Common stock, issued (in shares)	103,096,119	82,112,881
Common stock, outstanding (in shares)	103,096,119	82,112,881
Class V-1 Common Stock
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	77,490,386	66,931,097
Common stock, outstanding (in shares)	77,490,386	66,931,097
Class V-3 Common Stock
Common stock, authorized (in shares)	450,000,000	450,000,000
Common stock, issued (in shares)	404,309,196	407,528,941
Common stock, outstanding (in shares)	404,309,196	407,528,941

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Revenue:
Total revenue	$ 491,862	$ 311,837	$ 1,284,613	$ 785,003
Cost of revenue:
Total cost of revenue	424,456	258,928	1,102,939	654,053
Gross profit	67,406	52,909	181,674	130,950
Operating expenses:
Research and development expenses	44,722	48,845	133,327	149,251
Selling, general, and administrative expenses	47,871	46,073	143,535	150,994
Total operating expenses	92,593	94,918	276,862	300,245
Operating loss	(25,187)	(42,009)	(95,188)	(169,295)
Other income, net	11,615	2,937	27,626	7,055
Loss before income tax and equity method investment	(13,572)	(39,072)	(67,562)	(162,240)
Income tax expense	(95)	(5)	(24)	(239)
Loss from equity method investment	(537)	0	(537)	0
Net loss	(14,204)	(39,077)	(68,123)	(162,479)
Net loss attributable to noncontrolling interests	(11,716)	(34,730)	(57,127)	(144,821)
Net loss attributable to common stockholders	$ (2,488)	$ (4,347)	$ (10,996)	$ (17,658)
Loss per share of Class A Common Stock:
Basic (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.12)	$ (0.29)
Diluted (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.12)	$ (0.29)
Weighted-average shares of Class A Common Stock outstanding:
Basic (in shares)	102,414,284	61,782,886	92,891,276	60,160,039
Diluted (in shares)	102,414,284	61,782,886	92,891,276	60,160,039
Systems
Revenue:
Total revenue	$ 472,119	$ 302,350	$ 1,229,993	$ 757,854
Cost of revenue:
Total cost of revenue	407,852	244,660	1,053,407	618,651
Software maintenance and support
Revenue:
Total revenue	3,545	1,768	8,280	4,466
Cost of revenue:
Total cost of revenue	2,539	3,603	6,201	7,380
Operation services
Revenue:
Total revenue	16,198	7,719	46,340	22,683
Cost of revenue:
Total cost of revenue	$ 14,065	$ 10,665	$ 43,331	$ 28,022

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (14,204)	$ (39,077)	$ (68,123)	$ (162,479)
Less: Net loss attributable to noncontrolling interests	(11,716)	(34,730)	(57,127)	(144,821)
Net loss attributable to common stockholders	(2,488)	(4,347)	(10,996)	(17,658)
Other comprehensive income (loss):
Foreign currency translation adjustments	(161)	651	(302)	169
Changes in unrealized gain on investments, net of income taxes of $— for the three and nine months ended June 29, 2024 and June 24, 2023	(1,318)	1,617	(5,481)	3,969
Total other comprehensive income (loss)	(1,479)	2,268	(5,783)	4,138
Less: other comprehensive income (loss) attributable to noncontrolling interests	(1,220)	2,016	(4,838)	3,678
Other comprehensive income (loss) attributable to common stockholders	(259)	252	(945)	460
Comprehensive loss	(15,683)	(36,809)	(73,906)	(158,341)
Less: Comprehensive loss attributable to noncontrolling interests	(12,936)	(32,714)	(61,965)	(141,143)
Total comprehensive loss attributable to common stockholders	$ (2,747)	$ (4,095)	$ (11,941)	$ (17,198)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Statement of Comprehensive Income [Abstract]
Changes in unrealized gain on investments, tax	$ 0	$ 0	$ 0	$ 0

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Total	Class A Common Stock	Common Stock	Common Stock Class A Common Stock	Common Stock Class V-1 Common Stock	Common Stock Class V-3 Common Stock	Additional Paid-in Capital - Warrants	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest
Beginning balance (in shares) at Sep. 24, 2022				57,718,836	79,237,388	416,933,025
Beginning balance at Sep. 24, 2022	$ 68,940			$ 6	$ 8	$ 42	$ 58,126	$ 1,237,865	$ (2,294)	$ (1,286,569)	$ 61,756
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(162,479)									(17,658)	(144,821)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)				1,841,753
Issuance of common stock under stock plans, net of shares withheld for employee taxes	(11,717)							(1,157)			(10,560)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)				98,171
Stock Issued During Period, Value, Employee Stock Purchase Plan	987							119			868
Exchange of Class V-1 and V-3 common stock (in shares)				2,782,949	(2,782,949)
Exchange of Class V-1 and V-3 common stock	$ 0							238			(238)
Issuance of common stock in connection with equity offering (in shares)	1,939,924	1,939,924
Cancellation of Class V-1 common stock (in shares)	(367,694)	0			(367,694)
Stock-based compensation	$ 121,762							13,290			108,472
Other comprehensive loss	4,138								460		3,678
Ending balance (in shares) at Jun. 24, 2023				62,441,709	76,086,745	416,933,025
Ending balance at Jun. 24, 2023	21,631			$ 6	$ 8	$ 42	58,126	1,250,355	(1,834)	(1,304,227)	19,155
Beginning balance (in shares) at Mar. 25, 2023				61,283,689	77,080,090	416,933,025
Beginning balance at Mar. 25, 2023	21,441			$ 6	$ 8	$ 42	58,126	1,246,152	(2,086)	(1,299,880)	19,073
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(39,077)									(4,347)	(34,730)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)				164,675
Issuance of common stock under stock plans, net of shares withheld for employee taxes	0							6			(6)
Exchange of Class V-1 and V-3 common stock (in shares)				993,345	(993,345)
Exchange of Class V-1 and V-3 common stock	$ 0							38			(38)
Issuance of common stock in connection with equity offering (in shares)	164,675	164,675
Cancellation of Class V-1 common stock (in shares)	0	0
Stock-based compensation	$ 36,999							4,159			32,840
Other comprehensive loss	2,268								252		2,016
Ending balance (in shares) at Jun. 24, 2023				62,441,709	76,086,745	416,933,025
Ending balance at Jun. 24, 2023	21,631			$ 6	$ 8	$ 42	58,126	1,250,355	(1,834)	(1,304,227)	19,155
Beginning balance (in shares) at Sep. 30, 2023				82,112,881	66,931,097	407,528,941
Beginning balance at Sep. 30, 2023	(2,716)			$ 8	$ 7	$ 41	58,126	1,254,022	(1,687)	(1,310,435)	(2,798)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(68,123)									(10,996)	(57,127)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)				5,849,738
Issuance of common stock under stock plans, net of shares withheld for employee taxes	(3,152)		$ 1					(3,103)			(50)
Issuance of common stock under employee stock purchase plan, net of shares withheld for employee taxes (in shares)				102,633
Stock Issued During Period, Value, Employee Stock Purchase Plan	3,501							3,501
Exchange of Class V-1 and V-3 common stock (in shares)				8,530,867	(5,311,122)	(3,219,745)
Exchange of Class V-1 and V-3 common stock	$ 0			$ 2	$ (2)			(1,064)			1,064
Issuance of common stock in connection with equity offering (in shares)	28,322,782	12,452,371		6,500,000
Issuance of common stock in connection with equity offering	$ 257,986			$ 1				257,985
Exercise of warrants (in shares)					15,870,411
Exercise of warrants	158,705				$ 3		(58,126)	216,828
Distributions to Symbotic Holdings LLC partners	(48,100)										(48,100)
Stock-based compensation	86,977							14,528			72,449
Other comprehensive loss	(5,783)								(945)		(4,838)
Ending balance (in shares) at Jun. 29, 2024				103,096,119	77,490,386	404,309,196
Ending balance at Jun. 29, 2024	379,295			$ 12	$ 8	$ 41	0	1,742,697	(2,632)	(1,321,431)	(39,400)
Beginning balance (in shares) at Mar. 30, 2024				101,195,288	78,432,388	404,334,196
Beginning balance at Mar. 30, 2024	413,626			$ 12	$ 8	$ 40		1,738,317	(2,373)	(1,318,943)	(3,435)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(14,204)									(2,488)	(11,716)
Issuance of common stock under stock plans, net of shares withheld for employee taxes (in shares)				933,829
Exchange of Class V-1 and V-3 common stock (in shares)				967,002	(942,002)	(25,000)
Exchange of Class V-1 and V-3 common stock	$ 1					$ 1		(910)			910
Issuance of common stock in connection with equity offering (in shares)	933,829	933,829
Distributions to Symbotic Holdings LLC partners	$ (48,100)										(48,100)
Stock-based compensation	29,451							5,290			24,161
Other comprehensive loss	(1,479)								(259)		(1,220)
Ending balance (in shares) at Jun. 29, 2024				103,096,119	77,490,386	404,309,196
Ending balance at Jun. 29, 2024	$ 379,295			$ 12	$ 8	$ 41	$ 0	$ 1,742,697	$ (2,632)	$ (1,321,431)	$ (39,400)

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023
Cash flows from operating activities:
Net loss	$ (68,123)	$ (162,479)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	17,048	6,606
Foreign currency losses (gains)	(8)	66
(Gain) on investments	(10,084)	0
Provision for excess and obsolete inventory	34,105	6,160
Loss on disposal of assets	0	123
Stock-based compensation	86,858	121,762
Changes in operating assets and liabilities:
Accounts receivable	(31,295)	(70,300)
Inventories	(30,099)	(80,781)
Prepaid expenses and other current assets	(55,211)	(421)
Deferred expenses	(10,626)	(13,128)
Other assets	(4,415)	(5,944)
Accounts payable	46,368	5,856
Accrued expenses and other current liabilities	48,593	20,044
Deferred revenue	9,059	349,360
Other liabilities	9,136	9,342
Net cash provided by operating activities	41,306	186,266
Cash flows from investing activities:
Purchases of property and equipment	(21,507)	(20,363)
Capitalization of internal use software development costs	(1,500)	0
Proceeds from maturities of marketable securities	340,000	50,000
Purchases of marketable securities	(48,660)	(301,097)
Purchases of strategic investments	(66,489)	0
Net cash provided by (used in) investing activities	201,844	(271,460)
Cash flows from financing activities:
Payment for taxes related to net share settlement of stock-based compensation awards	(3,181)	(11,713)
Net proceeds from issuance of common stock under employee stock purchase plan	3,435	987
Proceeds from issuance of Class A Common Stock	257,985	0
Proceeds from exercise of warrants	158,704	0
Distributions to Symbotic Holdings LLC partners	(47,654)	0
Net cash provided by (used in) financing activities	369,289	(10,726)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(25)	93
Net increase (decrease) in cash, cash equivalents, and restricted cash	612,414	(95,827)
Cash, cash equivalents, and restricted cash — beginning of period	260,918	353,457
Cash, cash equivalents, and restricted cash — end of period	873,332	257,630
Non-cash activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	5,818	0
Transfer of equipment from deferred cost to property and equipment	38,454	0
Warrant associated with supplier agreement	$ 12,308	$ 0

Organization and Operations

Organization and Operations	9 Months Ended
	Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Organization and Operations SVF Investment Corp. 3, formerly known as SVF Investment III Corp., (“SVF 3” and, after the transactions described below, “Symbotic” or the “Company”) was a blank check company incorporated as a Cayman Islands exempted company on December 11, 2020. Warehouse Technologies LLC (“Legacy Warehouse”) was formed in December 2006 to make investments in companies that develop new technologies to improve operating efficiencies in modern warehouses. Symbotic LLC, a technology company that develops and commercializes innovative technologies for use within warehouse operations, and Symbotic Group Holdings, ULC were wholly owned subsidiaries of Legacy Warehouse. On December 12, 2021, (i) SVF 3 entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Legacy Warehouse, Symbotic Holdings LLC (“Symbotic Holdings”), and Saturn Acquisition (DE) Corp., a wholly owned subsidiary of SVF 3 (“Merger Sub”), and (ii) Legacy Warehouse entered into an Agreement and Plan of Merger (the “Company Merger Agreement”) with Symbotic Holdings. On June 7, 2022, as contemplated by the Company Merger Agreement, Legacy Warehouse merged with and into Symbotic Holdings (the “Company Reorganization”), with Symbotic Holdings surviving the merger (“Interim Symbotic”). Immediately following such merger, on June 7, 2022, as contemplated by the Merger Agreement, SVF 3 transferred by way of continuation from the Cayman Islands and domesticated as a Delaware corporation, changing its name to “Symbotic Inc.”. Immediately following the domestication of SVF 3, on June 7, 2022, as contemplated by the Merger Agreement, Merger Sub merged with and into Interim Symbotic (the “Merger” and, together with the Company Reorganization, the “Business Combination”), with Interim Symbotic surviving the merger as a subsidiary of Symbotic (“New Symbotic Holdings”). Symbotic Inc. is an automation technology company established to develop technologies to improve operating efficiencies in modern warehouses. The Company’s vision is to make the supply chain work better for everyone. The Company does this by developing innovative, end-to-end technology solutions that dramatically improve supply chain operations. The Company currently automates the processing of pallets and cases in large warehouses or distribution centers for some of the largest retail companies in the world. Its systems enhance operations at the front end of the supply chain, and therefore benefit all supply partners further down the chain, irrespective of fulfillment strategy.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in U.S. dollars, in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes prepared in accordance with GAAP have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto as of and for the year ended September 30, 2023, which are included within the Company’s Annual Report on Form 10-K filed with the SEC on December 11, 2023. The September 30, 2023 consolidated balance sheet included herein is derived from the Company’s audited consolidated financial statements. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned subsidiaries and reflect all adjustments (consisting solely of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements include 100% of the accounts of wholly owned and majority-owned subsidiaries and the ownership interest of the minority investor is recorded as a non-controlling interest in a subsidiary. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future period or the entire fiscal year. The Company operates and reports using a 52-53 week fiscal year ending on the last Saturday of September of each calendar year. Each of the Company’s fiscal quarters end on the last Saturday of the third month of each quarter. Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses, and the amounts disclosed in the related notes to the consolidated financial statements. Actual results and outcomes may differ materially from management’s estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, useful lives and realizability of long-lived assets, accounting for income taxes and related valuation allowances, and stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience. Significant Accounting Policies The Company’s significant accounting policies are described in Note 2, Summary of Significant Accounting Policies , to the audited consolidated financial statements and related notes thereto as of and for the year ended September 30, 2023. Except as noted below, there have been no material changes to the significant accounting policies during the three month period ended June 29, 2024. Derivative Instruments The Company entered into a warrant agreement and a development and supply agreement with a supplier that, subject to meeting certain conditions, entitles the Company to acquire a fixed number of shares of the supplier during a period of time set forth in the warrant agreement. The warrant is accounted for as a derivative instrument under ASC Topic 815, Derivatives and Hedging. Refer to Note 11, Derivative Instruments , for further description of the Company’s derivative instrument activities. Presentation of Restricted Cash Restricted cash consists of collateral required for a credit card processing program and a U.S. customs bond. The short-term or long-term classification is determined in accordance with the required amount of time the cash is to be held as collateral, which is short-term for less than 12 months, and long-term for greater than 12 months from the balance sheet date. As the cash is required to be held as collateral for a period which is greater than 12 months from June 29, 2024, it is presented in other long-term assets. The following table summarizes the end-of-period cash and cash equivalents from the Company’s Consolidated Balance Sheets and the total cash, cash equivalents, and restricted cash as presented on the accompanying Consolidated Statements of Cash Flows (in thousands): Nine Months Ended June 29, 2024 June 24, 2023 Cash and cash equivalents $ 870,469 $ 255,490 Restricted cash classified in: Other long-term assets 2,863 2,140 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 873,332 $ 257,630 Volume of Business The Company has concentration in the volume of purchases it conducts with its suppliers. For the three months ended June 29, 2024, there was one supplier that accounted for greater than 10% of total purchases, and the aggregate purchases from that supplier amounted to $66.8 million. For the nine months ended June 29, 2024, there were two suppliers that accounted for greater than 10% of total purchases, and the aggregate purchases from these suppliers amounted to $244.5 million. For the three and nine months ended June 24, 2023, there was one supplier that accounted for greater than 10% of total purchases, and the aggregate purchases from that supplier amounted to $63.7 million and $127.8 million, respectively. Emerging Growth Company The Company is an emerging growth company (“EGC”), as defined in Section 2(a) of the Securities Act of 1933, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Section 102(b)(1) of the JOBS Act exempts EGCs from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an EGC can elect to opt out of the extended transition period and comply with the requirements that apply to non-EGCs but any such an election to opt out is irrevocable. The Company has not elected to opt out of such extended transition period which means that when a financial accounting standard is issued or revised and it has different application dates for public or private companies, the Company, as an EGC, can adopt the new or revised standard at the time private companies adopt the new or revised standard. The Company will be eligible to use this extended transition period under the JOBS Act until the earlier of the date it (i) is no longer an EGC or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the Company’s financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective dates for new or revised accounting standards that are applicable to public companies, which may make comparison of the Company’s financials to those of other public companies more difficult. The Company will cease to be an EGC on the date that is the earliest of (i) the end of the fiscal year in which total annual gross revenue exceeds $1.235 billion, (ii) the last day of the Company’s fiscal year following March 11, 2026 (the fifth anniversary of the date on which SVF 3 consummated the initial public offering of SVF 3), (iii) the date on which the Company has issued more than $1.0 billion in non-convertible debt during the preceding three-year period; or (iv) the end of the fiscal year in which the market value of the Company’s common stock held by non-affiliates exceeds $700 million as of the last business day of the most recently completed second fiscal quarter. As of the last business day of the most recently completed second fiscal quarter, which ended March 30, 2024, the market value of the Company’s common stock held by non-affiliates was approximately $1,934 million (based on the closing sales price of the Class A common stock on March 28, 2024 of $45.00), and therefore, the Company will cease to be an EGC as of the end of the current fiscal year ending September 28, 2024. Recent Accounting Pronouncements The Company has implemented all applicable accounting pronouncements that are in effect and there are no new accounting pronouncements that have been issued that would have a material impact on its financial position or results of operations.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Jun. 29, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests represent the portion of net assets in consolidated entities that are not owned by the Company. The following table summarizes the ownership of the stock of the Company for the three and nine months ended June 29, 2024. Three Months Ended Nine Months Ended June 29, 2024 Class A Common Stock Class V-1 and Class V-3 Common Stock Total Class A Common Stock Class V-1 and Class V-3 Common Stock Total Balance at beginning of period 101,195,288 482,766,584 583,961,872 82,112,881 474,460,038 556,572,919 Issuances 933,829 — 933,829 12,452,371 15,870,411 28,322,782 Exchanges 967,002 (967,002) — 8,530,867 (8,530,867) — Balance at June 29, 2024 103,096,119 481,799,582 584,895,701 103,096,119 481,799,582 584,895,701 Percent ownership at June 29, 2024 17.6 % 82.4 % 100 % 17.6 % 82.4 % 100 % The following table summarizes the ownership of the stock of the Company for the three and nine months ended June 24, 2023. Three Months Ended Nine Months Ended June 24, 2023 Class A Common Stock Class V-1 and Class V-3 Common Stock Total Class A Common Stock Class V-1 and Class V-3 Common Stock Total Balance at beginning of period 61,283,689 494,013,115 555,296,804 57,718,836 496,170,413 553,889,249 Issuances 164,675 — 164,675 1,939,924 — 1,939,924 Exchanges 993,345 (993,345) — 2,782,949 (2,782,949) — Cancellations — — — — (367,694) (367,694) Balance at June 24, 2023 62,441,709 493,019,770 555,461,479 62,441,709 493,019,770 555,461,479 Percent ownership at June 24, 2023 11.2 % 88.8 % 100 % 11.2 % 88.8 % 100 %

Revenue

Revenue	9 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company generates revenue through its design and installation of modular inventory management systems (the “Systems”) to automate customers’ depalletizing, storage, selection, and palletization warehousing processes. The Systems have both a hardware component and an embedded software component that enables the system to be programmed to operate within specific customer environments. The Company enters into contracts with customers that can include various combinations of services to design and install the Systems. These services are generally distinct and accounted for as separate performance obligations. As a result, each customer contract may contain multiple performance obligations. The Company determines whether performance obligations are distinct based on whether the customer can benefit from the product or service on its own or together with other resources that are readily available and whether the Company’s commitment to provide the services to the customer is separately identifiable from other obligations in the contract. The Company recognizes revenue upon transfer of control of promised goods or services in a contract with a customer, generally as title and risk of loss pass to the customer, in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Revenue is recognized only to the extent that it is probable that a significant reversal of revenue will not occur and when collection is considered probable. In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined its contracts do not include a significant financing component. Taxes collected from customers, which are subsequently remitted to governmental authorities, are excluded from revenue. Shipping and handling costs billed to customers are included in revenue and the related costs are included in cost of revenue when control transfers to the customer. The Company presents amounts collected from customers for sales and other taxes net of the related amounts remitted. The design, assembly, and installation of a System includes substantive customer-specified acceptance criteria that allow the customer to accept or reject systems that do not meet the customer’s specifications. When the Company cannot objectively determine that acceptance criteria will be met upon contract inception, revenue relating to systems is deferred and recognized at a point in time upon final acceptance from the customer. If acceptance can be reasonably certain upon contract inception, revenue is recognized over time based on an input method, using a cost-to-cost measure of progress. Disaggregation of Revenue The Company provides disaggregation of revenue based on product and service type on the consolidated statements of operations as it believes these categories best depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Contract Balances The following table provides information about accounts receivable, unbilled accounts receivable, and contract liabilities from contracts with customers (in thousands): June 29, 2024 September 30, 2023 Accounts receivable $ 100,499 $ 69,206 Unbilled accounts receivable $ 160,688 $ 121,149 Contract liabilities $ 796,283 $ 787,227 The change in the opening and closing balances of the Company’s accounts receivable primarily results from the increase in customer system implementations in the current fiscal year as well as the timing of when customer payments are due. The change in the opening and closing balances of the Company’s contract liabilities primarily results from the timing difference between the Company’s performance and customer payments. The Company’s performance obligations are typically satisfied over time as work is performed. Payment from customers can vary, and is often received in advance of satisfaction of the performance obligations, resulting in a contract liability balance. During the nine months ended June 29, 2024 and June 24, 2023, the Company recognized $687.3 million and $314.9 million, respectively, of the contract liability balance as revenue upon transfer of the products or services to customers. Remaining Performance Obligations Remaining performance obligations represent the aggregate amount of the transaction price allocated to performance obligations not delivered, or partially undelivered, at the end of the reporting period. Remaining performance obligations include deferred revenue plus unbilled amounts not yet recorded in deferred revenue. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in scope of contracts, periodic revalidation, adjustments for revenue that have not materialized, adjustments for inflation, and adjustments for currency. For contracts with a duration of greater than one year, the transaction price allocated to performance obligations that are unsatisfied as of June 29, 2024 was $22.8 billion, which is primarily comprised of undelivered or partially undelivered Systems under contract, and which a substantial majority relates to undelivered or partially undelivered Systems in connection with the Master Automation Agreement with Walmart Inc. (“Walmart”) to implement Systems in all of Walmart’s 42 regional distribution centers (“Master Automation Agreement”), and in connection with the Commercial Agreement with GreenBox (as defined below) under which Symbotic will implement its warehouse automation system into GreenBox distribution center locations. As the Company accounts for GreenBox as an equity method investment, the remaining performance obligation includes the Company’s proportionate share of unconsolidated variable interest entity contracts. The definition of remaining performance obligations excludes those contracts that provide the customer with the right to cancel or terminate the contract without incurring a substantial penalty. The Company expects to recognize approximately 9% of its remaining performance obligations as revenue in the next 12 months, approximately 60% of its remaining performance obligations as revenue within 5 years, and the remaining thereafter, which is dependent on the timing of System installation timelines. The Company does not disclose the value of remaining performance obligations for contracts with an original expected duration of one year or less. Significant Customers For the three and nine months ended June 29, 2024 and June 24, 2023, there was one customer that individually accounted for 10% or more of total revenue. The following table represents this customer’s aggregate percent of total revenue. Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Customer A 91.3 % 89.2 % 86.5 % 87.3 % At June 29, 2024, four customers accounted for over 10% of the Company’s accounts receivable balance, and two customers accounted for over 10% of the Company’s accounts receivable balance at September 30, 2023. The following table represents these customers’ aggregate percent of total accounts receivable. The symbol “n/a” indicates that such customer’s accounts receivable balance at the period indicated within the table did not exceed 10% of the Company’s accounts receivable balance. June 29, 2024 September 30, 2023 Customer A 27.3 % 86.6 % Customer B n/a 10.3 % Customer C 26.4 % n/a Customer D 30.3 % n/a Customer E 12.0 % n/a Aggregate Percent of Total Accounts Receivable 96.0 % 96.9 % The concentration in the volume of business transacted with these customers may lead to a material impact on the Company’s results from operations if a total or partial loss of the business relationship were to occur. As of the date of the issuance of these financial statements, the Company is not aware of any specific event or circumstance which would result in a material adverse impact to its results of operations or liquidity and financial condition.

Leases

Leases	9 Months Ended
	Jun. 29, 2024
Leases [Abstract]
Leases	Leases The Company leases office space in Wilmington, MA and Montreal, QC through operating lease arrangements. The Company has no finance lease agreements. The operating lease arrangements expire at various dates through December 2030. The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands): June 29, 2024 September 30, 2023 ROU assets: Other long-term assets $ 15,924 $ 12,398 Lease Liabilities: Accrued expenses and other current liabilities $ 1,856 $ 1,347 Other long-term liabilities 16,319 12,291 Total lease liabilities $ 18,175 $ 13,638 The following table presents maturities of the Company’s operating lease liabilities as of June 29, 2024, presented under ASC Topic 842 (in thousands): June 29, 2024 Remaining fiscal year 2024 $ 813 Fiscal year 2025 2,954 Fiscal year 2026 3,405 Fiscal year 2027 3,681 Fiscal year 2028 and thereafter 12,746 Total future minimum payments $ 23,599 Less: Implied interest (5,424) Total lease liabilities $ 18,175 The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of operating lease payments. To determine the estimated incremental borrowing rate, the Company uses publicly available credit ratings for peer companies. The Company estimates the incremental borrowing rate using yields for maturities that are in line with the duration of the lease payments. The weighted average discount rate for operating leases as of June 29, 2024 was 8.0%.

Inventories

Inventories	9 Months Ended
	Jun. 29, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at June 29, 2024 and September 30, 2023 consist of the following (in thousands): June 29, 2024 September 30, 2023 Raw materials and components $ 84,737 $ 124,446 Finished goods 47,374 11,675 Total inventories $ 132,111 $ 136,121

Property and Equipment

Property and Equipment	9 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment at June 29, 2024 and September 30, 2023 consists of the following (in thousands): June 29, 2024 September 30, 2023 Computer equipment and software, furniture and fixtures, test equipment, and other equipment $ 96,564 $ 40,437 Internal use software 6,873 5,638 Leasehold improvements 11,172 7,194 Total property and equipment 114,609 53,269 Less accumulated depreciation (33,580) (18,762) Property and equipment, net $ 81,029 $ 34,507 Included within the $46.5 million net increase of property and equipment from September 30, 2023 to June 29, 2024 is approximately $38.5 million non-cash transfer of equipment from deferred cost to property and equipment related to equipment which the Company will be utilizing for internal operations. For the three and nine months ended June 29, 2024, depreciation expense was $4.8 million and $9.6 million, respectively. For the three and nine months ended June 24, 2023, depreciation expense was $1.5 million and $4.7 million, respectively.

Severance Charges

Severance Charges	9 Months Ended
	Jun. 29, 2024
Restructuring and Related Activities [Abstract]
Severance Charges	Severance Charges During the second quarter of fiscal year 2023, management committed to actions to restructure certain parts of the Company within the U.S. and Canada to better position the Company to become more agile in delivering its solutions through various outsourcing partnerships. As a result, certain headcount reductions were necessary, and the Company recognized less than $0.1 million and $2.3 million of expense associated with these actions, which is included within selling, general, and administrative expenses on the Consolidated Statements of Operations for the three and nine months ended June 24, 2023, respectively, and was completed within fiscal year 2023. The costs incurred related to employee severance are recorded as a liability when it is probable that employees will be entitled to termination benefits and the amounts can be reasonably estimated. The liability related to these charges is included in accrued expenses and other current liabilities in the Consolidated Balance Sheets. The following table presents the activity related to the Company’s severance liability as of June 24, 2023 (in thousands). The Company did not have material severance activity for the three or nine months ended June 29, 2024 or year ended September 30, 2023. June 24, 2023 Severance liability at September 25, 2022 $ 1,051 Severance charges 5,692 Cash paid and other (5,458) Severance liability at June 24, 2023 $ 1,285

Income Taxes

Income Taxes	9 Months Ended
	Jun. 29, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to its allocable share of any taxable income or loss of Symbotic Holdings. The remaining share of Symbotic Holdings income or loss is non-taxable to the Company and is not reflected in current or deferred income taxes. The Company’s foreign subsidiaries are subject to income tax in their local jurisdictions. For the three and nine months ended June 29, 2024, the Company recorded a current income tax expense of $0.1 million and less than $0.1 million, respectively. For the three and nine months ended June 24, 2023, the Company recorded a current income tax expense of less than $0.1 million and $0.2 million, respectively. The Company incurred a pre-tax loss for the three and nine month periods and recorded a full valuation allowance against its domestic deferred tax assets. The Company incurs state tax expense by Symbotic LLC at the flow-through entity level and foreign tax expense at its foreign subsidiaries. The effective tax rate for the three and nine months ended June 29, 2024 is (0.70)% and (0.04)% respectively, as compared to an effective tax rate of —% and (0.15)%, for the three and nine months ended June 24, 2023, respectively. The effective tax rate differs from the federal statutory income tax rate primarily due to the flow-through entity level taxes and the effect of the valuation allowance against the Company’s net federal and state deferred income taxes. As of June 29, 2024, the Company continues to conclude that the negative evidence regarding its ability to realize its deferred tax assets outweighs the positive evidence, and the Company has a full valuation allowance against its domestic federal and state net deferred tax assets and a partial valuation allowance against its foreign net deferred tax assets. The Company has a history of cumulative pre-tax losses for the three previous fiscal years which it believes represents significant negative evidence in evaluating whether its deferred tax assets are realizable. Given these cumulative losses, lack of forecast history, the competitive environment, and uncertainty of general economic conditions, the Company does not believe it can rely on projections of future taxable income exclusive of reversing taxable temporary differences to support the realization of its deferred tax assets. In upcoming quarters, the Company will continue to evaluate both the positive and negative evidence surrounding its ability to realize its deferred tax assets. Tax Receivable Agreement

Fair Value Measures

Fair Value Measures	9 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
Fair Value Measures	Fair Value Measures The Company measures certain financial assets at fair value. Fair value is determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market. Inputs used in the valuation techniques to derive fair values are classified based on a three-level hierarchy, as follows: Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an active market Level 2 – inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market or model-derived valuations in which all significant inputs are observable for substantially the full term of the asset or liability Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement of the asset or liability The following table presents the Company’s financial assets measured and recorded at fair value on a recurring basis using the above input categories as of June 29, 2024 and September 30, 2023 (in thousands): June 29, 2024 September 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 778,053 $ — $ — $ 778,053 $ 219,945 $ — $ — $ 219,945 U.S. Treasury securities — — — — — 286,736 — 286,736 Warrant fair value — 12,308 — 12,308 — — — — Total assets $ 778,053 $ 12,308 $ — $ 790,361 $ 219,945 $ 286,736 $ — $ 506,681 The Company had no liabilities measured and recorded at fair value on a recurring basis as of June 29, 2024 and September 30, 2023. The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The fair value of the Company’s investments in certain money market funds is their face value and such instruments are classified as Level 1 and are included in cash and cash equivalents on the consolidated balance sheets. At June 29, 2024, the fair value of the warrant issued as described in Note 11, Derivative Instruments, is classified as Level 2 and at September 30, 2023, U.S. Treasury securities were classified as Level 2. Level 2 securities are priced by pricing vendors. These pricing vendors utilize the most recent observable market information in pricing these securities or, if specific prices are not available for these securities, use other observable inputs like market transactions involving identical or comparable securities.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Jun. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company entered into warrant agreements and a development and supply agreement with a supplier which, subject to meeting certain conditions, will entitle the Company to acquire a fixed number of shares of the supplier during the period of time set forth in the warrant agreements. The warrants will vest in a series of tranches, at a specified price per share, upon meeting certain development and production based milestones. If, and when, the relevant milestone is reached, the corresponding tranche of warrant will become exercisable up until the expiration date of the warrants in May 2044. The warrant is accounted for as a derivative under ASC 815, Derivatives and Hedging, as a result of certain net settlement provisions in the warrant agreements. The Company reports the warrant at its fair value within “other assets” in its condensed consolidated balance sheets and changes in the fair value of the warrant are recognized in “other income, net” on its condensed consolidated statements of operations. The day-one value attributable to the other side of the warrant is reported within “other liabilities” in the Company’s condensed consolidated balance sheets and will be amortized over the life of the applicable development and production milestones as determined in the development and supply agreement. The fair value of the warrant recognized within “ other assets”

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 29, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions ASC 850, Related Party Disclosures (“ASC 850”) provides guidance for the identification of related parties and the disclosure of related party transactions. Related parties are generally defined as (i) affiliates of the Company; (ii) owners of more than 10% of the voting interests of the Company and members of their immediate families; (iii) management of the Company and members of their immediate families; (iv) other parties which directly or indirectly control, are controlled by, or are under common control with the Company; or (v) other parties who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company assesses related parties each reporting period. For the reporting periods covered by this report, the Company determined that C&S Wholesale Grocers, Inc. (“C&S”) and certain current holders of Symbotic Holdings LLC were a related party under ASC 850. The following transactions were related party transactions under ASC 850. Aircraft Time Sharing Agreement In December 2021 and May 2022, the Company entered into aircraft time-sharing agreements with C&S whereby the Company’s officials, employees, and guests are permitted to use the two C&S aircraft on an as-needed and as-available basis, with no minimum usage being required. As there is no defined period of time stated within these aircraft time-sharing agreements, the Company does not consider these to meet the definition of a lease, and as such, records payments in the period in which the obligation for the payment is incurred. For the three and nine months ended June 29, 2024, the Company incurred expense of $0.2 million and $0.7 million, respectively, and for the three and nine months ended June 24, 2023, the Company incurred expense of $0.2 million and $0.6 million, respectively, related to these aircraft time-sharing agreements. Usage of Facility and Employee Services The Company has a license arrangement with C&S whereby C&S is providing receiving and logistics services for the Company within a C&S distribution facility. The arrangement also provides for C&S employees assisting with certain of the Company’s operations. For the three and nine months ended June 29, 2024, the Company incurred expense of $0.1 million and $1.6 million, respectively, and for the three and nine months ended June 24, 2023, the Company incurred expense of $1.0 million and $2.0 million, respectively, related to this arrangement. Customer Contracts The Company has customer contracts with C&S relating to systems implementation, software maintenance services and the operations of a warehouse automation system. For the three and nine months ended June 29, 2024, revenue of $13.0 million and $48.6 million was recognized, respectively, relating to these customer contracts. For the three and nine months ended June 24, 2023, revenue of $1.4 million and $14.1 million was recognized, respectively, relating to these customer contracts. There was $15.3 million accounts receivable due from and $9.0 million of unbilled receivables for C&S at June 29, 2024, and $0.9 million accounts receivable due from C&S at September 30, 2023. There was $0.5 million and $9.3 million of deferred revenue related to contracts with C&S at June 29, 2024 and September 30, 2023, respectively. Tax Distribution to Symbotic Holdings LLC partners Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Symbotic Holdings LLC. Symbotic LLC makes pro rata tax distributions to the Holders of Symbotic Holdings’ units in an amount sufficient to fund all or part of their tax obligations with respect to the taxable income of Symbotic Holdings that is allocated to them. For the three and nine months ended June 29, 2024, the Company distributed a total of $47.7 million of tax distributions to its members, of which $41.2 million was distributed to those who met the definition of a related party in accordance with ASC 850.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies Liabilities for any loss contingencies arising from claims, assessments, litigation, fines, penalties, and other matters are recorded when it is probable that the liability has been incurred and the amount of the liability can be reasonably estimated. As of June 29, 2024, the Company has made appropriate provisions related to such matters and does not believe that such matters will have a material adverse effect on the Company’s consolidated operations, financial position, or liquidity. Indemnifications In the ordinary course of business, the Company enters into various contracts under which it may agree to indemnify other parties for losses incurred from certain events as defined in the relevant contract, such as litigation, regulatory penalties, or claims relating to past performance. Such indemnification obligations may not be subject to maximum loss clauses. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification obligations. As a result, the Company believes the estimated fair value of these obligations is minimal. Accordingly, the Company has no liabilities recorded for these obligations as of June 29, 2024 and September 30, 2023. Warranty The Company provides a limited warranty on its warehouse automation systems and has established a reserve for warranty obligations based on estimated warranty costs. The reserve is included as part of accrued expenses and other long-term liabilities in the accompanying consolidated balance sheets. Activity related to the warranty accrual is as follows (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Balance at beginning of period $ 27,476 $ 12,416 $ 18,948 $ 9,004 Provision 10,442 3,281 22,481 9,982 Warranty usage (10,528) (1,641) (14,039) (4,930) Balance at end of period $ 27,390 $ 14,056 $ 27,390 $ 14,056

Variable Interest Entities (_VI

Variable Interest Entities (“VIE”)	9 Months Ended
	Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities (“VIE”)	Variable Interest Entities (“VIE”) VIEs are entities with any of the following characteristics: (i) the entity does not have enough equity to finance its activities without additional financial support; (ii) the equity holders, as a group, lack the characteristics of a controlling financial interest; or (iii) the entity is structured with non-substantive voting rights. Consolidation of a VIE is required for the party deemed to be the primary beneficiary, if any. The primary beneficiary is the party who has both (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. On July 23, 2023, the Company, New Symbotic Holdings, and Symbotic LLC (collectively, the “Symbotic Group”), entered into a Framework Agreement (the “Framework Agreement”) with Sunlight Investment Corp., a Delaware corporation (“Sunlight”), SVF II Strategic Investments AIV LLC, a Delaware limited liability company (“SVF” and, together with Sunlight, “SoftBank”), and GreenBox Systems LLC, a Delaware limited liability company (“GreenBox”), related to the formation of GreenBox as a venture between the Symbotic Group and SoftBank, GreenBox Limited Liability Company Agreement, Master Services, License and Equipment Agreement (the “Commercial Agreement”) and warrant to purchase Class A Common Stock of Symbotic (the “GreenBox Warrant”). GreenBox was established on July 21, 2023, to build and automate supply chain networks globally by operating and financing the Company’s advanced artificial intelligence (“A.I.”) and automation technology for the warehouse. Symbotic Holdings and Sunlight own 35% and 65% of GreenBox, respectively. On July 23, 2023, GreenBox entered into the Commercial Agreement with Symbotic LLC with respect to the purchase of Symbotic’s automated case handling systems. The Company evaluated for VIEs upon the formation of GreenBox in accordance with ASC 810, Consolidation . The Company holds a variable interest in GreenBox through its equity interest in GreenBox. GreenBox is a VIE resulting from GreenBox’s lack of sufficient equity to finance its operations without additional subordinated financial support from both the Company and SoftBank. The consolidation of GreenBox is not required as the Company is not the primary beneficiary of this VIE as it does not have the power to direct the activities that most significantly impact GreenBox’s economic performance. Such power is conveyed through GreenBox’s board of directors and the Company does not have control over GreenBox’s board of directors. The Company’s recorded investments in the unconsolidated VIE and related estimated maximum exposure to loss are as follows (in thousands): June 29, 2024 Investments in Unconsolidated VIE Symbotic's Maximum Exposure to Loss GreenBox Systems LLC $ 65,620 $ 1,723,077 The Company calculated its maximum exposure to loss while considering its equity investment in the VIE, any amounts owed to the Company for services which may have been provided, and future funding commitments of $1,656.6 million. As of June 29, 2024, there is a $65.6 million carrying value of the VIE which represents the amount which the Company has invested in the VIE, net of the Company’s proportionate share of the VIE’s net loss. The Company’s maximum exposure to loss as displayed above does not take into consideration the VIE’s commitment under the Commercial Agreement to reimburse the Company in the event of a termination. If the VIE’s commitment under the Commercial Agreement was taken into consideration, there would be no maximum exposure to loss presented as the VIE’s commitment under the Commercial Agreement exceeds the Company’s future funding commitments.

Net Loss per Share

Net Loss per Share	9 Months Ended
	Jun. 29, 2024
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share Basic earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive elements. Since the Company incurred net losses for each of the periods presented, diluted net loss per share is the same as basic net loss per share. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share information): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Numerator - basic and diluted Net loss $ (14,204) $ (39,077) $ (68,123) $ (162,479) Less: Net loss attributable to the noncontrolling interest (11,716) (34,730) (57,127) (144,821) Net loss attributable to common stockholders $ (2,488) $ (4,347) $ (10,996) $ (17,658) Denominator - basic and diluted Weighted-average shares of Class A common shares outstanding 102,414,284 61,782,886 92,891,276 60,160,039 Loss per share of Class A common stock - basic and diluted $ (0.02) $ (0.07) $ (0.12) $ (0.29) The Company’s Class V-1 Common Stock and Class V-3 Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V-1 Common Stock and Class V-3 Common Stock under the two-class method has not been presented.

Stock-Based Compensation and Wa

Stock-Based Compensation and Warrant Units	9 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation and Warrant Units	Stock-Based Compensation and Warrant Units The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 RSUs (service-based and performance-based) $ 28,416 $ 36,666 $ 84,970 $ 120,834 Employee stock purchase plan 916 333 1,888 928 Total stock-based compensation expense $ 29,332 $ 36,999 $ 86,858 $ 121,762 Effect of stock-based compensation expense on income by line item (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Cost of revenue, Systems $ 3,401 $ 10 $ 9,955 $ 26 Cost of revenue, Software maintenance and support 116 1,302 351 1,397 Cost of revenue, Operation services 290 2,820 1,502 3,462 Research and development 12,819 16,220 37,905 54,805 Selling, general, and administrative 12,706 16,647 37,145 62,072 Total stock-based compensation expense $ 29,332 $ 36,999 $ 86,858 $ 121,762 Total stock-based compensation expense for the nine months ended June 29, 2024 decreased as compared to the nine months ended June 24, 2023 as a result of the issuance of restricted stock to our employees in August 2022 following the Business Combination with application of the graded-vesting method of expense recognition. There was no such grant in the same period of fiscal year 2023. Warrant Units GreenBox Warrant On July 23, 2023, in connection with the Commercial Agreement, the Company issued Sunlight the GreenBox Warrant to acquire up to an aggregate of 11,434,360 shares of the Company’s Class A Common Stock, subject to certain vesting conditions. The GreenBox Warrant had a grant date fair value of $19.90 per share. The GreenBox Warrant may vest in connection with conditions defined by the terms of the GreenBox Warrant, as GreenBox makes additional expenditures to the Company in connection with the Framework Agreement. There are up to eight tranches based on increments of expenditures where approximately 1,429,295 additional shares may vest per tranche, subject to certain conditions defined by the terms of the GreenBox Warrant. Upon vesting, the shares may be acquired at an exercise price of $41.9719. The GreenBox Warrant contains customary anti-dilution, down-round, and change-in-control provisions. The right to purchase shares pursuant to the GreenBox Warrant expires 36 months following the end of the initial term of the Framework Agreement, which is July 23, 2027, or, if applicable, the extension term of the Framework Agreement, which is July 23, 2029. As of June 29, 2024, none of the shares exercisable pursuant to the GreenBox Warrant had vested. Walmart Warrant

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Jun. 29, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information The Company operates as one operating segment. Revenue and property and equipment, net by geographic region, based on physical location of the operations recording the sale or the assets are as follows: Revenue by geographical region for the three and nine months ended June 29, 2024 and June 24, 2023 are as follows (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 United States $ 491,076 $ 310,946 $ 1,281,776 $ 782,328 Canada 786 891 2,837 2,675 Total revenue $ 491,862 $ 311,837 $ 1,284,613 $ 785,003 Percentage of revenue generated outside of the United States (a) immaterial immaterial immaterial immaterial (a) The percentage of revenue generated outside of the United States for the three and nine months ended June 29, 2024 and June 24, 2023 was immaterial. Total property and equipment, net by geographical region at June 29, 2024 and at September 30, 2023 are as follows (in thousands): June 29, 2024 September 30, 2023 United States $ 80,638 $ 33,828 Canada 391 679 Total property and equipment, net $ 81,029 $ 34,507 Percentage of property and equipment, net held outside of the United States (a) immaterial 2 % (a) The percentage of property and equipment, net held outside of the United States as of June 29, 2024 was immaterial.

Subsequent Events

Subsequent Events	9 Months Ended
	Jun. 29, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were issued. Other than as described in these condensed consolidated financial statements and below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements. On July 19, 2024, the Company entered into an Asset Purchase Agreement with Veo Robotics, Inc. (“Veo”), pursuant to which certain assets and certain liabilities of Veo were acquired by the Company. The total purchase price for this transaction was $8.7 million and the transaction will be accounted for as an asset acquisition.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,488)	$ (4,347)	$ (10,996)	$ (17,658)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in U.S. dollars, in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes prepared in accordance with GAAP have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto as of and for the year ended September 30, 2023, which are included within the Company’s Annual Report on Form 10-K filed with the SEC on December 11, 2023. The September 30, 2023 consolidated balance sheet included herein is derived from the Company’s audited consolidated financial statements.
Consolidation	The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned subsidiaries and reflect all adjustments (consisting solely of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements include 100% of the accounts of wholly owned and majority-owned subsidiaries and the ownership interest of the minority investor is recorded as a non-controlling interest in a subsidiary. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.
Fiscal Period	The Company operates and reports using a 52-53 week fiscal year ending on the last Saturday of September of each calendar year. Each of the Company’s fiscal quarters end on the last Saturday of the third month of each quarter.
Use of Estimates	The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses, and the amounts disclosed in the related notes to the consolidated financial statements. Actual results and outcomes may differ materially from management’s estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, useful lives and realizability of long-lived assets, accounting for income taxes and related valuation allowances, and stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience.
Derivative Instruments	The Company entered into a warrant agreement and a development and supply agreement with a supplier that, subject to meeting certain conditions, entitles the Company to acquire a fixed number of shares of the supplier during a period of time set forth in the warrant agreement. The warrant is accounted for as a derivative instrument under ASC Topic 815, Derivatives and Hedging.
Presentation of Restricted Cash	Restricted cash consists of collateral required for a credit card processing program and a U.S. customs bond. The short-term or long-term classification is determined in accordance with the required amount of time the cash is to be held as collateral, which is short-term for less than 12 months, and long-term for greater than 12 months from the balance sheet date. As the cash is required to be held as collateral for a period which is greater than 12 months from June 29, 2024, it is presented in other long-term assets.
Emerging Growth Company	The Company is an emerging growth company (“EGC”), as defined in Section 2(a) of the Securities Act of 1933, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Section 102(b)(1) of the JOBS Act exempts EGCs from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an EGC can elect to opt out of the extended transition period and comply with the requirements that apply to non-EGCs but any such an election to opt out is irrevocable. The Company has not elected to opt out of such extended transition period which means that when a financial accounting standard is issued or revised and it has different application dates for public or private companies, the Company, as an EGC, can adopt the new or revised standard at the time private companies adopt the new or revised standard. The Company will be eligible to use this extended transition period under the JOBS Act until the earlier of the date it (i) is no longer an EGC or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the Company’s financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective dates for new or revised accounting standards that are applicable to public companies, which may make comparison of the Company’s financials to those of other public companies more difficult.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all applicable accounting pronouncements that are in effect and there are no new accounting pronouncements that have been issued that would have a material impact on its financial position or results of operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table summarizes the end-of-period cash and cash equivalents from the Company’s Consolidated Balance Sheets and the total cash, cash equivalents, and restricted cash as presented on the accompanying Consolidated Statements of Cash Flows (in thousands): Nine Months Ended June 29, 2024 June 24, 2023 Cash and cash equivalents $ 870,469 $ 255,490 Restricted cash classified in: Other long-term assets 2,863 2,140 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 873,332 $ 257,630
Schedule of Restricted Cash	The following table summarizes the end-of-period cash and cash equivalents from the Company’s Consolidated Balance Sheets and the total cash, cash equivalents, and restricted cash as presented on the accompanying Consolidated Statements of Cash Flows (in thousands): Nine Months Ended June 29, 2024 June 24, 2023 Cash and cash equivalents $ 870,469 $ 255,490 Restricted cash classified in: Other long-term assets 2,863 2,140 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 873,332 $ 257,630

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Jun. 29, 2024
Noncontrolling Interest [Abstract]
Schedule of Common Stock Outstanding	The following table summarizes the ownership of the stock of the Company for the three and nine months ended June 29, 2024. Three Months Ended Nine Months Ended June 29, 2024 Class A Common Stock Class V-1 and Class V-3 Common Stock Total Class A Common Stock Class V-1 and Class V-3 Common Stock Total Balance at beginning of period 101,195,288 482,766,584 583,961,872 82,112,881 474,460,038 556,572,919 Issuances 933,829 — 933,829 12,452,371 15,870,411 28,322,782 Exchanges 967,002 (967,002) — 8,530,867 (8,530,867) — Balance at June 29, 2024 103,096,119 481,799,582 584,895,701 103,096,119 481,799,582 584,895,701 Percent ownership at June 29, 2024 17.6 % 82.4 % 100 % 17.6 % 82.4 % 100 % The following table summarizes the ownership of the stock of the Company for the three and nine months ended June 24, 2023. Three Months Ended Nine Months Ended June 24, 2023 Class A Common Stock Class V-1 and Class V-3 Common Stock Total Class A Common Stock Class V-1 and Class V-3 Common Stock Total Balance at beginning of period 61,283,689 494,013,115 555,296,804 57,718,836 496,170,413 553,889,249 Issuances 164,675 — 164,675 1,939,924 — 1,939,924 Exchanges 993,345 (993,345) — 2,782,949 (2,782,949) — Cancellations — — — — (367,694) (367,694) Balance at June 24, 2023 62,441,709 493,019,770 555,461,479 62,441,709 493,019,770 555,461,479 Percent ownership at June 24, 2023 11.2 % 88.8 % 100 % 11.2 % 88.8 % 100 %

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	The following table provides information about accounts receivable, unbilled accounts receivable, and contract liabilities from contracts with customers (in thousands): June 29, 2024 September 30, 2023 Accounts receivable $ 100,499 $ 69,206 Unbilled accounts receivable $ 160,688 $ 121,149 Contract liabilities $ 796,283 $ 787,227
Schedules of Concentration Risk	The following table represents this customer’s aggregate percent of total revenue. Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Customer A 91.3 % 89.2 % 86.5 % 87.3 % June 29, 2024 September 30, 2023 Customer A 27.3 % 86.6 % Customer B n/a 10.3 % Customer C 26.4 % n/a Customer D 30.3 % n/a Customer E 12.0 % n/a Aggregate Percent of Total Accounts Receivable 96.0 % 96.9 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 29, 2024
Leases [Abstract]
Schedule of Balance Sheet Location of Operating Leases	The following table presents the balance sheet location of the Company’s operating leases for each of the periods presented (in thousands): June 29, 2024 September 30, 2023 ROU assets: Other long-term assets $ 15,924 $ 12,398 Lease Liabilities: Accrued expenses and other current liabilities $ 1,856 $ 1,347 Other long-term liabilities 16,319 12,291 Total lease liabilities $ 18,175 $ 13,638
Schedule of Operating Lease Liabilities	The following table presents maturities of the Company’s operating lease liabilities as of June 29, 2024, presented under ASC Topic 842 (in thousands): June 29, 2024 Remaining fiscal year 2024 $ 813 Fiscal year 2025 2,954 Fiscal year 2026 3,405 Fiscal year 2027 3,681 Fiscal year 2028 and thereafter 12,746 Total future minimum payments $ 23,599 Less: Implied interest (5,424) Total lease liabilities $ 18,175

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 29, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at June 29, 2024 and September 30, 2023 consist of the following (in thousands): June 29, 2024 September 30, 2023 Raw materials and components $ 84,737 $ 124,446 Finished goods 47,374 11,675 Total inventories $ 132,111 $ 136,121

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment at June 29, 2024 and September 30, 2023 consists of the following (in thousands): June 29, 2024 September 30, 2023 Computer equipment and software, furniture and fixtures, test equipment, and other equipment $ 96,564 $ 40,437 Internal use software 6,873 5,638 Leasehold improvements 11,172 7,194 Total property and equipment 114,609 53,269 Less accumulated depreciation (33,580) (18,762) Property and equipment, net $ 81,029 $ 34,507

Severance Charges (Tables)

Severance Charges (Tables)	9 Months Ended
	Jun. 29, 2024
Restructuring and Related Activities [Abstract]
Schedule of Severance Liabilities	The following table presents the activity related to the Company’s severance liability as of June 24, 2023 (in thousands). The Company did not have material severance activity for the three or nine months ended June 29, 2024 or year ended September 30, 2023. June 24, 2023 Severance liability at September 25, 2022 $ 1,051 Severance charges 5,692 Cash paid and other (5,458) Severance liability at June 24, 2023 $ 1,285

Fair Value Measures (Tables)

Fair Value Measures (Tables)	9 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table presents the Company’s financial assets measured and recorded at fair value on a recurring basis using the above input categories as of June 29, 2024 and September 30, 2023 (in thousands): June 29, 2024 September 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 778,053 $ — $ — $ 778,053 $ 219,945 $ — $ — $ 219,945 U.S. Treasury securities — — — — — 286,736 — 286,736 Warrant fair value — 12,308 — 12,308 — — — — Total assets $ 778,053 $ 12,308 $ — $ 790,361 $ 219,945 $ 286,736 $ — $ 506,681

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Accrual	Activity related to the warranty accrual is as follows (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Balance at beginning of period $ 27,476 $ 12,416 $ 18,948 $ 9,004 Provision 10,442 3,281 22,481 9,982 Warranty usage (10,528) (1,641) (14,039) (4,930) Balance at end of period $ 27,390 $ 14,056 $ 27,390 $ 14,056

Variable Interest Entities (__2

Variable Interest Entities (“VIE”) (Tables)	9 Months Ended
	Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The Company’s recorded investments in the unconsolidated VIE and related estimated maximum exposure to loss are as follows (in thousands): June 29, 2024 Investments in Unconsolidated VIE Symbotic's Maximum Exposure to Loss GreenBox Systems LLC $ 65,620 $ 1,723,077

Net Loss per Share (Tables)

Net Loss per Share (Tables)	9 Months Ended
	Jun. 29, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Loss Per Share	The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share information): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Numerator - basic and diluted Net loss $ (14,204) $ (39,077) $ (68,123) $ (162,479) Less: Net loss attributable to the noncontrolling interest (11,716) (34,730) (57,127) (144,821) Net loss attributable to common stockholders $ (2,488) $ (4,347) $ (10,996) $ (17,658) Denominator - basic and diluted Weighted-average shares of Class A common shares outstanding 102,414,284 61,782,886 92,891,276 60,160,039 Loss per share of Class A common stock - basic and diluted $ (0.02) $ (0.07) $ (0.12) $ (0.29)

Stock-Based Compensation and _2

Stock-Based Compensation and Warrant Units (Tables)	9 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 RSUs (service-based and performance-based) $ 28,416 $ 36,666 $ 84,970 $ 120,834 Employee stock purchase plan 916 333 1,888 928 Total stock-based compensation expense $ 29,332 $ 36,999 $ 86,858 $ 121,762 Effect of stock-based compensation expense on income by line item (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 Cost of revenue, Systems $ 3,401 $ 10 $ 9,955 $ 26 Cost of revenue, Software maintenance and support 116 1,302 351 1,397 Cost of revenue, Operation services 290 2,820 1,502 3,462 Research and development 12,819 16,220 37,905 54,805 Selling, general, and administrative 12,706 16,647 37,145 62,072 Total stock-based compensation expense $ 29,332 $ 36,999 $ 86,858 $ 121,762

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Jun. 29, 2024
Segment Reporting [Abstract]
Schedule of Revenue and Property and Equipment by Geographical Region	Revenue by geographical region for the three and nine months ended June 29, 2024 and June 24, 2023 are as follows (in thousands): Three Months Ended Nine Months Ended June 29, 2024 June 24, 2023 June 29, 2024 June 24, 2023 United States $ 491,076 $ 310,946 $ 1,281,776 $ 782,328 Canada 786 891 2,837 2,675 Total revenue $ 491,862 $ 311,837 $ 1,284,613 $ 785,003 Percentage of revenue generated outside of the United States (a) immaterial immaterial immaterial immaterial (a) The percentage of revenue generated outside of the United States for the three and nine months ended June 29, 2024 and June 24, 2023 was immaterial. Total property and equipment, net by geographical region at June 29, 2024 and at September 30, 2023 are as follows (in thousands): June 29, 2024 September 30, 2023 United States $ 80,638 $ 33,828 Canada 391 679 Total property and equipment, net $ 81,029 $ 34,507 Percentage of property and equipment, net held outside of the United States (a) immaterial 2 % (a) The percentage of property and equipment, net held outside of the United States as of June 29, 2024 was immaterial.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023	Jun. 24, 2023	Sep. 24, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 870,469	$ 258,770	$ 255,490
Restricted cash classified in:
Other long-term assets	2,863		2,140
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 873,332	$ 260,918	$ 257,630	$ 353,457

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023	Mar. 28, 2024
Product Information [Line Items]
Common stock, value, outstanding					$ 1,934
Share price (in dollars per share)					$ 45
One Supplier | Cost of Goods and Service Benchmark | Supplier Concentration Risk
Product Information [Line Items]
Volume of purchases	$ 66.8	$ 63.7		$ 127.8
Two supplier | Cost of Goods and Service Benchmark | Supplier Concentration Risk
Product Information [Line Items]
Volume of purchases			$ 244.5

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - shares	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	583,961,872	555,296,804	556,572,919	553,889,249
Issuance (in shares)	933,829	164,675	28,322,782	1,939,924
Exchanges (in shares)	0	0	0	0
Cancellations (in shares)		0		(367,694)
End of period (in shares)	584,895,701	555,461,479	584,895,701	555,461,479
Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	100%	100%	100%	100%
Class A Common Stock
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	101,195,288	61,283,689	82,112,881	57,718,836
Issuance (in shares)	933,829	164,675	12,452,371	1,939,924
Exchanges (in shares)	967,002	993,345	8,530,867	2,782,949
Cancellations (in shares)		0		0
End of period (in shares)	103,096,119	62,441,709	103,096,119	62,441,709
Class A Common Stock | Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	17.60%	11.20%	17.60%	11.20%
Class V-1 and Class V-3 Common Stock
Common Stock, Shares, Outstanding [Roll Forward]
Beginning of period (in shares)	482,766,584	494,013,115	474,460,038	496,170,413
Issuance (in shares)	0	0	15,870,411	0
Exchanges (in shares)	(967,002)	(993,345)	(8,530,867)	(2,782,949)
Cancellations (in shares)		0		(367,694)
End of period (in shares)	481,799,582	493,019,770	481,799,582	493,019,770
Class V-1 and Class V-3 Common Stock | Symbotic, Inc.
Common Stock, Shares, Outstanding [Roll Forward]
Ownership percentage	82.40%	88.80%	82.40%	88.80%

Revenue - Schedule of Contract

Revenue - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 100,499	$ 69,206
Unbilled accounts receivable	160,688	121,149
Contract liabilities	$ 796,283	$ 787,227

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	9 Months Ended
	Jun. 29, 2024 USD ($) distribution_center	Jun. 24, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liability, revenue recognized | $	$ 687.3	$ 314.9
Remaining performance obligation, amount | $	$ 22,800
Number of distribution centers | distribution_center	42
Walmart
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Number of distribution centers | distribution_center	42
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-06-30 | Tranche One
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	9%
Remaining performance obligation, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-06-30 | Tranche Two
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	60%
Remaining performance obligation, period	5 years

Revenue - Schedules of Concentr

Revenue - Schedules of Concentration Risk (Details) - Customer Concentration Risk	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023	Sep. 30, 2023
Revenue from Contract with Customer Benchmark | Customer A
Concentration Risk [Line Items]
Concentration risk, percentage	91.30%	89.20%	86.50%	87.30%
Accounts Receivable | Aggregate Percent of Total Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			96%		96.90%
Accounts Receivable | Customer A
Concentration Risk [Line Items]
Concentration risk, percentage			27.30%		86.60%
Accounts Receivable | Customer B
Concentration Risk [Line Items]
Concentration risk, percentage					10.30%
Accounts Receivable | Customer C
Concentration Risk [Line Items]
Concentration risk, percentage			26.40%
Accounts Receivable | Customer D
Concentration Risk [Line Items]
Concentration risk, percentage			30.30%
Accounts Receivable | Customer E
Concentration Risk [Line Items]
Concentration risk, percentage			12%

Leases - Schedule of Balance Sh

Leases - Schedule of Balance Sheet Location of Operating Leases (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
ROU assets:
Operating lease, right-of-use asset	$ 15,924	$ 12,398
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Lease Liabilities:
Operating lease, liability, current	$ 1,856	$ 1,347
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating lease, liability, noncurrent	$ 16,319	$ 12,291
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Total lease liabilities	$ 18,175	$ 13,638

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Lessee, Operating Lease, Liability, to be Paid [Abstract]
Remaining fiscal year 2024	$ 813
Fiscal year 2025	2,954
Fiscal year 2026	3,405
Fiscal year 2027	3,681
Fiscal year 2028 and thereafter	12,746
Total future minimum payments	23,599
Less: Implied interest	(5,424)
Total lease liabilities	$ 18,175	$ 13,638

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	9 Months Ended
	Jun. 29, 2024 USD ($)
Leases [Abstract]
Operating lease, weighted average incremental borrowing rate	8%
Operating lease, weighted average remaining lease term	6 years 1 month 6 days
Operating lease, payments	$ 1.2

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Inventory Disclosure [Abstract]
Raw materials and components	$ 84,737	$ 124,446
Finished goods	47,374	11,675
Total inventories	$ 132,111	$ 136,121

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 114,609	$ 53,269
Less accumulated depreciation	(33,580)	(18,762)
Property and equipment, net	81,029	34,507
Computer equipment and software, furniture and fixtures, test equipment, and other equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	96,564	40,437
Internal use software
Property, Plant and Equipment [Line Items]
Total property and equipment	6,873	5,638
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 11,172	$ 7,194

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Property, Plant and Equipment [Abstract]
Property and equipment, period increase (decrease)			$ 46,500
Transfer of equipment from deferred cost to property and equipment			38,454	$ 0
Depreciation	$ 4,800	$ 1,500	$ 9,600	$ 4,700

Severance Charges - Narrative (

Severance Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 24, 2023	Jun. 24, 2023
Restructuring and Related Activities [Abstract]
Severance costs (less than)	$ 0.1	$ 2.3

Severance Charges (Details)

Severance Charges (Details) $ in Thousands	9 Months Ended
	Jun. 24, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Severance liability at September 25, 2022	$ 1,051
Severance charges	5,692
Cash paid and other	(5,458)
Severance liability at June 24, 2023	$ 1,285

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Income Tax Disclosure [Abstract]
Current income tax expense	$ 100,000	$ 100,000	$ 100,000	$ 200,000
Effective tax rate	(0.70%)	0%	(0.04%)	(0.15%)
Future payments, tax receivable agreement	$ 470,200,000		$ 470,200,000
Tax receivable agreement, liability	$ 0		$ 0

Fair Value Measures - Schedule

Fair Value Measures - Schedule of Fair Value, Assets Measured on Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 29, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	$ 790,361	$ 506,681
Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	778,053	219,945
Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	12,308	286,736
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	778,053	219,945
Money market funds | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	778,053	219,945
Money market funds | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Money market funds | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
U.S. Treasury securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	286,736
U.S. Treasury securities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
U.S. Treasury securities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	286,736
U.S. Treasury securities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Warrant fair value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	12,308	0
Warrant fair value | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Warrant fair value | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	12,308	0
Warrant fair value | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	$ 0	$ 0

Fair Value Measures - Narrative

Fair Value Measures - Narrative (Details) - USD ($)	Jun. 29, 2024	Sep. 30, 2023
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total liabilities	$ 0	$ 0

Derivative Instruments (Details

Derivative Instruments (Details) $ in Thousands	Jun. 29, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, noncurrent, statement of financial position flag	Other assets
Derivative asset, noncurrent	$ 12,300

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024 USD ($) aircraft	Jun. 24, 2023 USD ($)	Jun. 29, 2024 USD ($) aircraft	Jun. 24, 2023 USD ($)	Sep. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Revenue	$ 491,862	$ 311,837	$ 1,284,613	$ 785,003
Unbilled receivables	100,499		100,499		$ 69,206
Contract liabilities	796,283		796,283		787,227
Related party tax expense, due to affiliates, current	47,700		47,700
Related Party
Related Party Transaction [Line Items]
Revenue	13,000	1,400	48,600	14,100
Accounts receivable	15,300		15,300		900
Unbilled receivables	9,000		9,000
Contract liabilities	500		500		$ 9,300
Related party tax expense, due from affiliates, current	41,200		41,200
Aircraft Time Sharing Agreement
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 200	200	$ 700	600
Aircraft Time Sharing Agreement | Related Party
Related Party Transaction [Line Items]
Number of aircrafts | aircraft	2		2
Usage of Facility and Employee Services
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 100	$ 1,000	$ 1,600	$ 2,000

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	Jun. 29, 2024	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Liabilities recorded for guarantor obligations	$ 0	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Accrual (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 27,476	$ 12,416	$ 18,948	$ 9,004
Provision	10,442	3,281	22,481	9,982
Warranty usage	(10,528)	(1,641)	(14,039)	(4,930)
Balance at end of period	$ 27,390	$ 14,056	$ 27,390	$ 14,056

Variable Interest Entities (__3

Variable Interest Entities (“VIE”) - Narrative (Details) - USD ($)	Jul. 23, 2023	Jun. 29, 2024
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss		$ 1,656,600,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss		1,723,077,000
Investments in Unconsolidated VIE		$ 65,620,000
GreenBox | Symbotic Holdings
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	35%
GreenBox | Sunlight
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	65%

Variable Interest Entities (__4

Variable Interest Entities (“VIE”) - Schedule of Variable Interest Entities (Details)	Jun. 29, 2024 USD ($)
Variable Interest Entity [Line Items]
Symbotic's Maximum Exposure to Loss	$ 1,656,600,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in Unconsolidated VIE	65,620,000
Symbotic's Maximum Exposure to Loss	$ 1,723,077,000

Net Loss per Share - Schedule o

Net Loss per Share - Schedule of Computation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Numerator - basic and diluted
Net loss	$ (14,204)	$ (39,077)	$ (68,123)	$ (162,479)
Less: Net loss attributable to the noncontrolling interest	(11,716)	(34,730)	(57,127)	(144,821)
Net loss attributable to common stockholders	$ (2,488)	$ (4,347)	$ (10,996)	$ (17,658)
Denominator - basic and diluted
Weighted-average shares of Class A common shares outstanding - basic (in shares)	102,414,284	61,782,886	92,891,276	60,160,039
Weighted-average shares of Class A common shares outstanding - diluted (in shares)	102,414,284	61,782,886	92,891,276	60,160,039
Loss per share of Class A common stock - basic (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.12)	$ (0.29)
Loss per share of Class A common stock - diluted (in dollars per share)	$ (0.02)	$ (0.07)	$ (0.12)	$ (0.29)

Net Loss per Share - Narrative

Net Loss per Share - Narrative (Details) - $ / shares shares in Millions	3 Months Ended	9 Months Ended
	Jun. 29, 2024	Jun. 29, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Average share price (in dollars per share)	$ 40.46	$ 42.69
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	6.1	6.5
Warrant Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)		0.2

Stock-Based Compensation and _3

Stock-Based Compensation and Warrant Units - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 29,332	$ 36,999	$ 86,858	$ 121,762
Cost of revenue | Systems
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	3,401	10	9,955	26
Cost of revenue | Software maintenance and support
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	116	1,302	351	1,397
Cost of revenue | Operation services
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	290	2,820	1,502	3,462
Research and development
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	12,819	16,220	37,905	54,805
Selling, general, and administrative
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	12,706	16,647	37,145	62,072
RSUs (service-based and performance-based)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	28,416	36,666	84,970	120,834
Employee stock purchase plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 916	$ 333	$ 1,888	$ 928

Stock-Based Compensation and _4

Stock-Based Compensation and Warrant Units - Narrative (Details) $ / shares in Units, $ in Millions		1 Months Ended	9 Months Ended
	Jul. 23, 2023 tranche $ / shares shares	Dec. 30, 2023 USD ($) shares	Jun. 29, 2024 distribution_center $ / shares shares	May 20, 2022 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of distribution centers | distribution_center			42
May 2022 Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average grant date fair value of warrants or rights (in dollars per share) | $ / shares			$ 224.45
June 2022 Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants authorized (in shares)			15,870,411
Walmart Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant exercises | $		$ 158.7
Warrant fair value | GreenBox Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants authorized (in shares)	11,434,360
Granted (in dollars per share) | $ / shares	$ 19.90
Number of warrant tranches | tranche	8
Additional warrants per tranche (in shares)	1,429,295
Exercise price of warrants or rights (in dollars per share) | $ / shares	$ 41.9719
Warrant term			36 months
Redeemed (in shares)			0
Class A Common Units | May 2022 Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants authorized (in shares)				258,972
Class V-1 Common Stock | Walmart Warrants
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant exercises (in shares)		15,870,411

Segment and Geographic Inform_3

Segment and Geographic Information - Narrative (Details)	9 Months Ended
	Jun. 29, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment and Geographic Inform_4

Segment and Geographic Information - Schedule of Revenue by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2024	Jun. 24, 2023	Jun. 29, 2024	Jun. 24, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 491,862	$ 311,837	$ 1,284,613	$ 785,003
United States
Segment Reporting Information [Line Items]
Total revenue	491,076	310,946	1,281,776	782,328
Canada
Segment Reporting Information [Line Items]
Total revenue	$ 786	$ 891	$ 2,837	$ 2,675

Segment and Geographic Inform_5

Segment and Geographic Information - Schedule of Revenue and Property and Equipment by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 30, 2023	Jun. 29, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Property and equipment, net		$ 81,029	$ 34,507
United States
Segment Reporting Information [Line Items]
Property and equipment, net		80,638	33,828
Canada
Segment Reporting Information [Line Items]
Property and equipment, net		$ 391	$ 679
Non-US | Property, Plant and Equipment | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	2%	0%

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Jul. 19, 2024 USD ($)
Subsequent Event | Veo
Subsequent Event [Line Items]
Asset acquisition, consideration transferred	$ 8.7