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 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.31M | - | $23.60M | $23.45M | $5.49M | - | $18.79M | - | - | - |
| Cost of Revenue | $8.31M | - | $24.81M | $5.24M | $6.70M | - | $21.54M | - | - | - |
| Gross Profit | ($2.00M) | - | ($1.21M) | ($2.96M) | ($733.0K) | - | ($2.75M) | - | - | - |
| R&D | $14.75M | - | $17.41M | $15.74M | $20.34M | - | $17.75M | - | - | - |
| SG&A | $10.15M | - | $2.11M | $4.71M | $7.66M | - | $19.29M | - | - | - |
| Total Operating Expenses | $30.62M | - | $26.57M | $28.50M | $29.49M | - | $14.02M | $1.16M | $3.33M | - |
| D&A | $1.10M | - | $900.0K | $700.0K | $500.0K | - | $800.0K | - | - | - |
| Operating Income | ($32.62M) | - | ($27.79M) | ($31.46M) | ($30.70M) | - | ($14.13M) | ($1.16M) | ($3.33M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.0K | - | $13.0K | $36.0K | $5.0K | - | $28.0K | $0 | - | - |
| Net Income | ($36.49M) | - | ($26.88M) | ($28.98M) | ($23.57M) | - | ($40.50M) | ($1.55M) | ($9.63M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $38.74M | $64.32M | $77.62M | $108.36M | $139.58M | $171.09M | $203.13M | $123.9K | $46.7K | $780.3K |
| Accounts Receivable | $12.13M | $5.01M | $7.13M | $10.94M | $15.25M | $13.29M | $16.75M | - | - | - |
| Inventory | $11.48M | $8.09M | $5.49M | $5.21M | $3.89M | $2.64M | $758.0K | - | - | - |
| Accounts Payable | $7.61M | $5.29M | $8.77M | $7.83M | $7.18M | $6.77M | $4.68M | - | - | - |
| Current Assets | $84.54M | $94.27M | $110.01M | $147.04M | $190.11M | $204.93M | $233.21M | $489.2K | $655.2K | $1.53M |
| Total Assets | $102.96M | $113.84M | $129.48M | $166.41M | $209.39M | $216.68M | $244.68M | $288.03M | $288.19M | $289.02M |
| Current Liabilities | $47.60M | $32.95M | $33.85M | $46.30M | $58.79M | $41.79M | $36.88M | $3.55M | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $62.93M | $43.51M | $48.67M | $61.63M | $82.79M | $72.45M | $75.93M | $43.22M | $41.83M | $10.17M |
| Stockholders' Equity | $40.03M | $70.33M | $80.81M | $104.79M | $126.59M | $144.23M | ($91.29M) | ($42.69M) | $5.00M | $5.00M |
| Retained Earnings | ($444.37M) | ($407.88M) | ($384.52M) | ($357.63M) | ($328.65M) | ($305.08M) | ($268.64M) | ($42.72M) | ($11.28M) | ($181.7K) |
Cash Flow
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($25.93M) | - | - | - | ($32.24M) | - | - | - | ($708.6K) | - |
| Investing Cash Flow | ($140.0K) | - | - | - | ($1.19M) | - | - | - | - | - |
| Financing Cash Flow | $480.0K | - | - | - | $822.0K | - | - | - | ($25.0K) | - |
| CapEx | $140.0K | - | - | - | $46.0K | - | - | - | - | - |
| Free Cash Flow | ($26.07M) | - | - | - | ($32.28M) | - | - | - | - | - |
Ratios
| Metric | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -31.7% | - | -5.1% | -12.6% | -13.3% | - | -14.6% | - | - | - |
| Operating margin | -517.0% | - | -117.8% | -134.2% | -559.0% | - | -75.2% | - | - | - |
| EBITDA margin | -499.6% | - | -113.9% | -131.2% | -549.9% | - | -70.9% | - | - | - |
| Net margin | -578.4% | - | -113.9% | -123.6% | -429.1% | - | -215.5% | - | - | - |
| Free cash flow margin | -413.2% | - | - | - | -587.8% | - | - | - | - | - |
| FCF / Net income | 0.71 | - | - | - | 1.37 | - | - | - | - | - |
| R&D / Revenue | 233.8% | - | 73.8% | 67.1% | 370.4% | - | 94.4% | - | - | - |
| SG&A / Revenue | 160.9% | - | 8.9% | 20.1% | 139.5% | - | 102.6% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -35.4% | - | -20.8% | -17.4% | -11.3% | - | -16.6% | -0.5% | -3.3% | - |
| Return on equity | -91.2% | - | -33.3% | -27.7% | -18.6% | - | 44.4% | 3.6% | -192.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.78 | 2.86 | 3.25 | 3.18 | 3.23 | 4.90 | 6.32 | 0.14 | - | - |
| Quick ratio | 1.53 | 2.62 | 3.09 | 3.06 | 3.17 | 4.84 | 6.30 | 0.14 | - | - |
| Cash ratio | 0.81 | 1.95 | 2.29 | 2.34 | 2.37 | 4.09 | 5.51 | 0.03 | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.57 | 1.62 | 1.60 | 1.59 | 1.65 | 1.50 | -2.68 | -6.75 | 57.64 | 57.80 |
| Liabilities / Assets | 0.61 | 0.38 | 0.38 | 0.37 | 0.40 | 0.33 | 0.31 | 0.15 | 0.15 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.18 | 0.14 | 0.03 | - | 0.08 | - | - | - |
| Inventory turnover | 0.72 | - | 4.52 | 1.01 | 1.72 | - | 28.42 | - | - | - |
| Days sales outstanding | 702d | - | 110d | 170d | 1014d | - | 325d | - | - | - |
| Days inventory outstanding | 505d | - | 81d | 363d | 212d | - | 13d | - | - | - |
| Days payable outstanding | 335d | - | 129d | 546d | 392d | - | 79d | - | - | - |
| Cash conversion cycle | 872d | - | 62d | -12d | 834d | - | 259d | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 14.9% | - | 25.6% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -172.4% | - | 55.8% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -6.3% | - | -96.6% | -2617.5% | -822.4% | - | - | - | - | - |
| Net income growth (YoY) | -54.8% | - | 33.6% | -1767.4% | -144.8% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 19.2% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -68.4% | -51.2% | - | - | 2431.9% | 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%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Berkshire Grey against the 5 most active filers in the same SIC group.