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 investments | 64,322 | 171,089 | 780 | |||
Cash and cash equivalents | 64,322 | 171,089 | 780 | |||
Receivables | 5,006 | 13,291 | ||||
Inventory, net of allowances, customer advances and progress billings | 8,090 | 2,641 | ||||
Inventory | 8,090 | 2,641 | ||||
Prepaid expense | 4,293 | 5,138 | 748 | |||
Contract with customer, asset, after allowance for credit loss | 7,333 | |||||
Deferred costs | 3,971 | 7,689 | ||||
Other current assets | 1,254 | 5,078 | ||||
Total current assets: | 94,269 | 204,926 | 1,528 | |||
Noncurrent Assets | ||||||
Operating lease, right-of-use asset | 7,485 | |||||
Property, plant and equipment | 10,810 | 10,874 | ||||
Asset, held-in-trust | 287,491 | |||||
Restricted cash and investments | 1,254 | 862 | ||||
Other noncurrent assets | 23 | 22 | ||||
Total noncurrent assets: | 19,572 | 11,758 | 287,491 | |||
TOTAL ASSETS: | 113,841 | 216,684 | 289,019 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities | 15,988 | 22,425 | ||||
Accounts payable | 5,290 | 6,766 | ||||
Accrued liabilities | 10,698 | 15,659 | ||||
Deferred revenue | 15,923 | 19,216 | ||||
Other liabilities | 1,039 | 146 | ||||
Total current liabilities: | 32,950 | 41,787 | ||||
Noncurrent Liabilities | ||||||
Liabilities, other than long-term debt | 9,679 | 17,389 | 10,063 | |||
Deferred compensation liability, classified | 1,089 | 15,435 | 10,063 | |||
Other liabilities | 1,954 | |||||
Operating lease, liability | 8,590 | |||||
Other undisclosed noncurrent liabilities | 885 | 13,277 | ||||
Total noncurrent liabilities: | 10,564 | 30,666 | 10,063 | |||
Other undisclosed liabilities | 22,969 | |||||
Total liabilities: | 43,514 | 72,453 | 33,031 | |||
Temporary equity, carrying amount | 250,988 | |||||
Equity | ||||||
Equity, attributable to parent, including: | 70,327 | 144,231 | 5,000 | |||
Common stock | 25 | 24 | ||||
Additional paid in capital | 478,219 | 449,307 | 6,650 | |||
Accumulated other comprehensive loss | (39) | (16) | ||||
Accumulated deficit | (407,878) | (305,084) | (1,652) | |||
Other undisclosed equity, attributable to parent | 1 | |||||
Total equity: | 70,327 | 144,231 | 5,000 | |||
TOTAL LIABILITIES AND EQUITY: | 113,841 | 216,684 | 289,019 |
Income Statement (P&L) ($ in thousands)
3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|---|
Revenues | 65,850 | 50,852 | |||
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 taxes | 12,554 | 11,093 | |||
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.