Income Taxes (Tables)

12 Months Ended

Sep. 24, 2022

Income Tax Disclosure [Abstract]

Components of Income/(Loss) Before Provision for Income Taxes

The components of income/(loss) before provision for income taxes are as follows:

	Year Ended
	September 24, 2022			September 25, 2021			September 26, 2020
Income/(Loss) before income tax expense:
U.S.	$	(144,119	)	$	(126,549	)	$	(111,676	)
Foreign		5,030			4,235			2,108
Total	$	(139,089	)	$	(122,314	)	$	(109,568	)

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the expected U.S. Federal income tax rate to the effective tax rate for the years ended September 24, 2022, September 25, 2021, and September 26, 2020 (dollars in thousands):

	September 24, 2022			September 25, 2021			September 26, 2020
Loss before income tax	$	(139,089	)	$	(122,314	)	$	(109,568	)
Tax on pre-tax loss		(29,209	)		(25,686	)		(23,009	)
Loss not subject to tax		27,767			25,686			23,009
State income tax rate		(744	)		—			—
Permanent differences		46			889			443
Adjustment for foreign income tax rate differential		1,346			233			116
Credits		(374	)		—			—
Valuation allowance		1,168			(993	)		(611	)
Other		—			(129	)		5
Total income tax	$	—		$	—		$	(47	)

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the significant components of the Company’s net deferred tax assets as of September 24, 2022 and September 25, 2021 (in thousands):

	Year Ended
	September 24, 2022			September 25, 2021
Deferred tax assets:
Net operating losses	$	11,361		$	11,265
Investment in Symbotic Holdings, LLC		146,894			—
Tax Receivable Agreement		5,209			—
Other		68			38
Credits		5,487			1,993
Total deferred tax assets before valuation allowance		169,019			13,296
Valuation allowance		(168,308	)		(12,608	)
Total deferred tax assets after valuation allowance		711			688
Total deferred tax liabilities		(711	)		(688	)
Net deferred tax asset	$	—		$	—