Berkshire Grey, Inc. (BGRY) Financial Statements (2025 and earlier)

Company Profile

Business Address 140 SOUTH ROAD
BEDFORD, MA 01730
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3569 - General Industrial Machinery and Equipment, Not Elsewhere (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64,322171,089780
Cash and cash equivalents64,322171,089780
Receivables5,00613,291 
Inventory, net of allowances, customer advances and progress billings8,0902,641 
Inventory8,0902,641 
Prepaid expense4,2935,138748
Contract with customer, asset, after allowance for credit loss7,333  
Deferred costs3,9717,689 
Other current assets1,2545,078 
Total current assets:94,269204,9261,528
Noncurrent Assets
Operating lease, right-of-use asset7,485  
Property, plant and equipment10,81010,874 
Asset, held-in-trust   287,491
Restricted cash and investments1,254862 
Other noncurrent assets2322 
Total noncurrent assets:19,57211,758287,491
TOTAL ASSETS:113,841216,684289,019
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,98822,425 
Accounts payable5,2906,766 
Accrued liabilities10,69815,659 
Deferred revenue15,92319,216 
Other liabilities1,039146 
Total current liabilities:32,95041,787 
Noncurrent Liabilities
Liabilities, other than long-term debt9,67917,38910,063
Deferred compensation liability, classified1,08915,43510,063
Other liabilities  1,954 
Operating lease, liability8,590  
Other undisclosed noncurrent liabilities88513,277 
Total noncurrent liabilities:10,56430,66610,063
Other undisclosed liabilities   22,969
Total liabilities:43,51472,45333,031
Temporary equity, carrying amount   250,988
Equity
Equity, attributable to parent, including:70,327144,2315,000
Common stock2524 
Additional paid in capital478,219449,3076,650
Accumulated other comprehensive loss(39)(16) 
Accumulated deficit(407,878)(305,084)(1,652)
Other undisclosed equity, attributable to parent   1
Total equity:70,327144,2315,000
TOTAL LIABILITIES AND EQUITY:113,841216,684289,019

Income Statement (P&L) ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues65,85050,852 
Cost of revenue(71,118)(59,099) 
Cost of goods and services sold  (12,100) 
Gross profit:(5,268)(8,247) 
Operating expenses(108,574)(156,092) 
Operating loss:(113,842)(164,339) 
Nonoperating expense
(Other Nonoperating expense)
(1,398)(76) 
Loss from continuing operations before equity method investments, income taxes:(115,240)(164,415) 
Other undisclosed income from continuing operations before income taxes12,55411,093 
Loss from continuing operations before income taxes:(102,686)(153,322) 
Income tax expense(108)(58) 
Loss from continuing operations:(102,794)(153,380) 
Loss before gain (loss) on sale of properties:(153,380)
Net loss available to common stockholders, diluted:(102,794)(153,380) 

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(102,794)(153,380) 
Other comprehensive loss(23)(17) 
Other undisclosed comprehensive loss   
Comprehensive loss:(102,817)(153,397) 
Other undisclosed comprehensive income, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(102,817)(153,397) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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