BGRY · Berkshire Grey, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $65.85M | $34.84M | - |
| Cost of Revenue | $71.12M | $32.01M | - |
| Gross Profit | ($5.27M) | $2.83M | - |
| R&D | $72.58M | $35.81M | - |
| SG&A | $22.49M | $15.94M | - |
| Total Operating Expenses | $108.57M | $64.65M | - |
| D&A | $3.40M | $1.00M | - |
| Operating Income | ($113.84M) | ($61.83M) | - |
| Interest Expense | - | - | - |
| Income Tax | $108.0K | $5.0K | - |
| Net Income | ($102.79M) | ($57.64M) | - |
| EPS - Basic | - | - | - |
| EPS - Diluted | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $64.32M | $171.09M | $780.3K |
| Accounts Receivable | $5.01M | $13.29M | - |
| Inventory | $8.09M | $2.64M | - |
| Accounts Payable | $5.29M | $6.77M | - |
| Current Assets | $94.27M | $204.93M | $1.53M |
| Total Assets | $113.84M | $216.68M | $289.02M |
| Current Liabilities | $32.95M | $41.79M | - |
| Long-term Debt | - | - | - |
| Total Liabilities | $43.51M | $72.45M | $10.17M |
| Stockholders' Equity | $70.33M | $144.23M | $5.00M |
| Retained Earnings | ($407.88M) | ($305.08M) | ($181.7K) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($110.93M) | ($55.97M) | - |
| Investing Cash Flow | ($3.13M) | ($8.72M) | - |
| Financing Cash Flow | $7.73M | $226.0K | - |
| CapEx | $3.13M | $8.72M | - |
| Free Cash Flow | ($114.06M) | ($64.69M) | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | -8.0% | 8.1% | - |
| Operating margin | -172.9% | -177.5% | - |
| EBITDA margin | -167.7% | -174.6% | - |
| Net margin | -156.1% | -165.5% | - |
| Free cash flow margin | -173.2% | -185.7% | - |
| FCF / Net income | 1.11 | 1.12 | - |
| R&D / Revenue | 110.2% | 102.8% | - |
| SG&A / Revenue | 34.2% | 45.7% | - |
| Effective tax rate | - | - | - |
| Return on assets | -90.3% | -26.6% | - |
| Return on equity | -146.2% | -40.0% | - |
| Return on invested capital | - | - | - |
| Liquidity | |||
| Current ratio | 2.86 | 4.90 | - |
| Quick ratio | 2.62 | 4.84 | - |
| Cash ratio | 1.95 | 4.09 | - |
| Leverage | |||
| Debt / Equity | - | - | - |
| Debt / Assets | - | - | - |
| Debt / EBITDA | - | - | - |
| Interest coverage | - | - | - |
| Equity multiplier | 1.62 | 1.50 | 57.80 |
| Liabilities / Assets | 0.38 | 0.33 | 0.04 |
| Efficiency | |||
| Asset turnover | 0.58 | 0.16 | - |
| Inventory turnover | 8.79 | 12.12 | - |
| Days sales outstanding | 28d | 139d | - |
| Days inventory outstanding | 42d | 30d | - |
| Days payable outstanding | 27d | 77d | - |
| Cash conversion cycle | 42d | 92d | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 89.0% | - | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | - | - | - |
| Operating income growth (YoY) | -84.1% | - | - |
| Net income growth (YoY) | -78.3% | - | - |
| EPS growth (YoY) | - | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | -76.3% | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -51.2% | 2784.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$50.85M totalUS$45.78M · 90.0%
JP$5.07M · 10.0%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-4.50
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Berkshire Grey against the 5 most active filers in the same SIC group.