Symbiotic Soars to New Heights in Q2 2025: Strong Revenue Growth, Expanded Margins, and Exciting Future Prospects
Symbiotic, a leading innovator in warehouse automation and supply chain solutions, has reported strong financial results for the second quarter of fiscal year 2025. In a conference call on May 7, 2025, company executives highlighted significant revenue growth, expanded margins, and exciting future prospects.
According to Carol Hibbard, Symbiotic's Chief Financial Officer, revenue grew by 40% year-over-year to $550 million in the second quarter, driven by solid progress across the company's 46 systems and deployments. This growth was further boosted by two months of contribution from the acquired Walmart Advanced Systems and Robotics.
Rick Cohen, Founder, Chairman, and CEO of Symbiotic, noted that the company's focus on project execution while controlling costs and delivering high-quality deployments has begun to pay off. "We have made significant changes to improve our deployment processes," he said, highlighting a more streamlined and predictable workflow, closer coordination with contractors through in-sourced construction management, and a strong emphasis on quality management principles.
These efforts have resulted in expanded gross margins, reflecting the company's commitment to delivering high-quality deployments while controlling costs. "Our margins have expanded due to improved execution," Cohen stated.
The company also made significant additions to its team, including Brian Alexander, who joined as Senior Vice President, Commercial, from Hub Group, and Asshrock Choudhary, CEO of GreenBox, a warehouse-as-a-Service joint venture with SoftBank. GreenBox began the third site during the quarter and remains excited about prospects.
Symbiotic also closed its acquisition of Walmart Advanced Systems and robotics (ASR), expanding its product portfolio to include a micro fulfillment solution for both ambient and perishable environments. The company has a compelling innovation roadmap, promising even more value to customers while building upon progress made in deploying systems for efficiency.
With nearly $23 billion of backlog and improved execution, Symbiotic is well-positioned for future growth. "We have a strong multiyear opportunity," Cohen said, thanking customers for their continued trust, the team for their strong execution, and investors for their support.
The company's financial results also showed a reduction in net loss to $21 million in the second quarter versus $55 million in the same period last year. Adjusted EBITDA of $35 million was above forecast and more than tripled year-over-year from $9 million in the previous quarter. The company began a record 10 new system deployments, including one new GreenBox site in Southern California.
Overall, Symbiotic's Q2 2025 results demonstrate a strong foundation for future growth and success."
