PerpEquities

Equity · Consumer cyclical

Allbirds, Inc. (BIRD) perpetual futures

BIRD perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BIRDUSDT.

Allbirds, Inc. is a global lifestyle brand making footwear and apparel from naturally derived materials, founded in 2015 and headquartered in San Francisco.

$3.45+0.8%NASDAQ closed
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venue perp mark · Hyperliquid HIP-3 (xyz:BIRD)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$225.1K
Open interest
$217.8K
Best liquidity
$598.1
Hyperliquid HIP-3
Tightest spread
+73.5 bps
Hyperliquid HIP-3
Highest volume
$225.1K
Hyperliquid HIP-3
Settlement mix
USDC · 1/1
Perp/spot vol.
0.03x
Spot volume $6.7M
OI / float
+1.42%
Float $15.3M
Spot performance
1D-3.58%
5D+43.80%
1M+33.53%
6M+29.92%
YTD-17.93%
1Y-46.76%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Hyperliquid HIP-3Tradexyz:BIRDTrading$3.45+134.3% APR
+0.015% every 1h
+73.5 bps$598.1$225.1K$217.8KUSDC10x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

Too thin: Hyperliquid HIP-3

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 33m ago
Market cap
$21.4M
Updated 33m ago
Revenue
$152.5M
Trailing 12 months
Revenue growth
-80%
Next fiscal year
Profit margin
-72.8%
P/E
-0.4
Peer P/E 1.9
Free cash flow
-$58.2M
Trailing 12 months
More metrics
Net income
-$77.3M
Trailing 12 months
P/S
0.1
Peer P/E
1.9
Similar listed perps
Revenue estimate
$30.6M
Next fiscal year
Earnings
2026-11-05
Revenue est. $2.8M · Updated 33m ago
Dividend
$0.31
2026-08-21

Fundamental detail

Annual + quarterly
Latest revenue$152.5M
Net margin-50.7%
Free cash flow-$58.2M
Net debt$13M
2020$219.3M
2021$277.5M
2022$297.8M
2023$254.1M
2024$189.8M
2025$152.5M
PeriodRevenueGrowthNet incomeFCF
2020$219.3M+13%-$25.9M-$48.9M
2021$277.5M+27%-$45.4M-$75M
2022$297.8M+7%-$101.4M-$121.9M
2023$254.1M-15%-$152.5M-$41.1M
2024$189.8M-25%-$93.3M-$68M
2025$152.5M-20%-$77.3M-$58.2M
PeriodGross marginOperating marginNet marginROEROA
2020+51.4%-13.3%-11.8%+101.4%-10.6%
2021+52.9%-11.8%-16.4%-11.4%-9.3%
2022+43.5%-33.7%-34.0%-32.0%-20.9%
2023+41.0%-60.2%-60.0%-82.3%-46.3%
2024+42.7%-51.4%-49.2%-91.8%-49.4%
2025+35.8%-49.3%-50.7%-215.2%-70.6%
PeriodCashDebtNet debtCurrent ratio
2020$126.6M$204M$77.5M3.93
2021$288.6M$0-$288.6M5.48
2022$167.8M$105.8M-$61.9M6.18
2023$130.7M$93.9M-$36.7M4.37
2024$66.7M$53.7M-$13.1M2.94
2025$26.7M$39.6M$13M2.02
PeriodMarket capEnterprise valueP/SP/E
2020$3.7B$3.7B16.7-142.0
2021$1B$756.6M3.8-23.0
2022$360M$298.1M1.2-3.6
2023$185.8M$149.1M0.7-1.2
2024$54.8M$41.7M0.3-0.6
2025$33.5M$46.4M0.2-0.4
Q3 2024$43M
Q4 2024$55.9M
Q1 2025$32.1M
Q2 2025$39.7M
Q3 2025$33M
Q4 2025$47.7M
Q1 2026$22.3M
Q2 2026$2.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$43M-25%-$21.2M-$11.9M
Q4 2024$55.9M-22%-$25.7M-$11.9M
Q1 2025$32.1M-18%-$21.9M-$28.5M
Q2 2025$39.7M-23%-$15.5M-$9.4M
Q3 2025$33M-23%-$20.3M-$16.1M
Q4 2025$47.7M-15%-$19.6M-$4.1M
Q1 2026$22.3M-31%-$20.7M-$12.1M
Q2 2026$2.8M-93%-$16.4M-$13.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+44.4%-50.7%-49.3%-16.6%-9.5%
Q4 2024+31.3%-46.1%-46.0%-25.3%-13.6%
Q1 2025+44.8%-71.1%-68.1%-26.4%-14.9%
Q2 2025+40.7%-41.6%-39.1%-21.7%-11.3%
Q3 2025+43.2%-60.3%-61.6%-39.1%-16.9%
Q4 2025+37.2%-34.9%-41.1%-54.5%-17.9%
Q1 2026+21.7%-88.3%-92.9%-127.3%-24.5%
Q2 20260.0%-387.8%-593.5%-72.7%-35.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$78.6M$59.3M-$19.4M3.39
Q4 2024$66.7M$53.7M-$13.1M2.94
Q1 2025$39.1M$43.6M$4.6M3.21
Q2 2025$33.1M$38.1M$5M2.55
Q3 2025$23.7M$43.2M$19.5M2.37
Q4 2025$26.7M$39.6M$13M2.02
Q1 2026$14.4M$33.3M$18.9M1.59
Q2 2026$37.4M$14.5M-$22.9M3.70
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$93.2M$73.8M2.2-1.1
Q4 2024$54.8M$41.7M1.0-0.5
Q1 2025$51.6M$56.2M1.6-0.6
Q2 2025$86M$91M2.2-1.4
Q3 2025$46.3M$65.9M1.4-0.6
Q4 2025$33.5M$46.4M0.7-0.4
Q1 2026$24.7M$43.6M1.1-0.3
Q2 2026$36.7M$13.7M13.3-0.6

Refreshed 33m ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.8MQ2 2026
$18M$36M$54M$72MQ3 2023: $57.2MQ4 2023: $72MQ1 2024: $39.3MQ2 2024: $51.6MQ3 2024: $43MQ4 2024: $55.9MQ1 2025: $32.1MQ2 2025: $39.7MQ3 2025: $33MQ4 2025: $47.7MQ1 2026: $22.3MQ2 2026: $2.8MQ3 2023Q2 2026
Net income-$16.4MQ2 2026
-$42.6M-$28.4M-$14.2MQ3 2023: -$31.6MQ4 2023: -$56.8MQ1 2024: -$27.3MQ2 2024: -$19.1MQ3 2024: -$21.2MQ4 2024: -$25.7MQ1 2025: -$21.9MQ2 2025: -$15.5MQ3 2025: -$20.3MQ4 2025: -$19.6MQ1 2026: -$20.7MQ2 2026: -$16.4MQ3 2023Q2 2026
EBITDA-$9.3MQ2 2026
-$18.1M-$12.1M-$6MQ3 2023: -$23.7MQ4 2023: -$23.1MQ1 2024: -$24.2MQ2 2024: -$16.7MQ3 2024: -$18.9MQ4 2024: -$21.8MQ1 2025: -$19.9MQ2 2025: -$13.5MQ3 2025: -$18MQ4 2025: -$15MQ1 2026: -$18.4MQ2 2026: -$9.3MQ3 2023Q2 2026
Free cash flow-$13.8MQ2 2026
-$21.4M-$14.3M-$7.1MQ3 2023: -$7.5MQ4 2023: -$5.9MQ1 2024: -$27.3MQ2 2024: -$16.9MQ3 2024: -$11.9MQ4 2024: -$11.9MQ1 2025: -$28.5MQ2 2025: -$9.4MQ3 2025: -$16.1MQ4 2025: -$4.1MQ1 2026: -$12.1MQ2 2026: -$13.8MQ3 2023Q2 2026
EPS-$1.79Q2 2026
-$5.54-$3.7-$1.85Q3 2023: -$4.15Q4 2023: -$7.39Q1 2024: -$3.52Q2 2024: -$2.45Q3 2024: -$2.68Q4 2024: -$3.23Q1 2025: -$2.73Q2 2025: -$1.92Q3 2025: -$2.49Q4 2025: -$2.35Q1 2026: -$2.39Q2 2026: -$1.79Q3 2023Q2 2026
Cash / Debt$37.4MQ2 2026
$33.3M$66.6M$99.8M$133.1MQ3 2023 · Cash: $133.1MQ3 2023 · Debt: $107MQ4 2023 · Cash: $130.7MQ4 2023 · Debt: $93.9MQ1 2024 · Cash: $102.9MQ1 2024 · Debt: $79.4MQ2 2024 · Cash: $88.1MQ2 2024 · Debt: $66MQ3 2024 · Cash: $78.6MQ3 2024 · Debt: $59.3MQ4 2024 · Cash: $66.7MQ4 2024 · Debt: $53.7MQ1 2025 · Cash: $39.1MQ1 2025 · Debt: $43.6MQ2 2025 · Cash: $33.1MQ2 2025 · Debt: $38.1MQ3 2025 · Cash: $23.7MQ3 2025 · Debt: $43.2MQ4 2025 · Cash: $26.7MQ4 2025 · Debt: $39.6MQ1 2026 · Cash: $14.4MQ1 2026 · Debt: $33.3MQ2 2026 · Cash: $37.4MQ2 2026 · Debt: $14.5MQ3 2023Q2 2026
CashDebt
Profitability0.0%Q2 2026
-432.5%-271.5%-110.5%+50.5%Q3 2023 · Gross margin: +43.5%Q4 2023 · Gross margin: +38.0%Q1 2024 · Gross margin: +46.9%Q2 2024 · Gross margin: +50.5%Q3 2024 · Gross margin: +44.4%Q4 2024 · Gross margin: +31.3%Q1 2025 · Gross margin: +44.8%Q2 2025 · Gross margin: +40.7%Q3 2025 · Gross margin: +43.2%Q4 2025 · Gross margin: +37.2%Q1 2026 · Gross margin: +21.7%Q2 2026 · Gross margin: 0.0%Q3 2023 · Operating margin: -52.5%Q4 2023 · Operating margin: -80.1%Q1 2024 · Operating margin: -75.8%Q2 2024 · Operating margin: -39.1%Q3 2024 · Operating margin: -50.7%Q4 2024 · Operating margin: -46.1%Q1 2025 · Operating margin: -71.1%Q2 2025 · Operating margin: -41.6%Q3 2025 · Operating margin: -60.3%Q4 2025 · Operating margin: -34.9%Q1 2026 · Operating margin: -88.3%Q2 2026 · Operating margin: -387.8%Q3 2023 · Net margin: -55.2%Q4 2023 · Net margin: -78.9%Q1 2024 · Net margin: -69.5%Q2 2024 · Net margin: -37.1%Q3 2024 · Net margin: -49.3%Q4 2024 · Net margin: -46.0%Q1 2025 · Net margin: -68.1%Q2 2025 · Net margin: -39.1%Q3 2025 · Net margin: -61.6%Q4 2025 · Net margin: -41.1%Q1 2026 · Net margin: -92.9%Q2 2026 · Net margin: -593.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-93.1%Q2 2026
-69.8%-46.5%-23.3%Q2 2024: -26.8%Q3 2024: -24.9%Q4 2024: -22.4%Q1 2025: -18.3%Q2 2025: -23.1%Q3 2025: -23.3%Q4 2025: -14.6%Q1 2026: -30.5%Q2 2026: -93.1%Q3 2023Q2 2026
Shares outstanding9.2MQ2 2026
2.3M4.6M6.9M9.2MQ3 2023: 7.6MQ4 2023: 7.7MQ1 2024: 7.8MQ2 2024: 7.8MQ3 2024: 7.9MQ4 2024: 7.9MQ1 2025: 8MQ2 2025: 8.1MQ3 2025: 8.2MQ4 2025: 8.2MQ1 2026: 8.2MQ2 2026: 9.2MQ3 2023Q2 2026
Valuation-0.6Q2 2026
2.36.09.613.3Q3 2023 · P/E: -1.3Q4 2023 · P/E: -0.8Q1 2024 · P/E: -0.9Q2 2024 · P/E: -1.0Q3 2024 · P/E: -1.1Q4 2024 · P/E: -0.5Q1 2025 · P/E: -0.6Q2 2025 · P/E: -1.4Q3 2025 · P/E: -0.6Q4 2025 · P/E: -0.4Q1 2026 · P/E: -0.3Q2 2026 · P/E: -0.6Q3 2023 · P/S: 2.9Q4 2023 · P/S: 2.6Q1 2024 · P/S: 2.5Q2 2024 · P/S: 1.5Q3 2024 · P/S: 2.2Q4 2024 · P/S: 1.0Q1 2025 · P/S: 1.6Q2 2025 · P/S: 2.2Q3 2025 · P/S: 1.4Q4 2025 · P/S: 0.7Q1 2026 · P/S: 1.1Q2 2026 · P/S: 13.3Q3 2023Q2 2026
P/EP/S
Revenue$152.5M2025
$74.4M$148.9M$223.3M$297.8M2019: $193.7M2020: $219.3M2021: $277.5M2022: $297.8M2023: $254.1M2024: $189.8M2025: $152.5M20192025
Net income-$77.3M2025
-$114.3M-$76.2M-$38.1M2019: -$14.5M2020: -$25.9M2021: -$45.4M2022: -$101.4M2023: -$152.5M2024: -$93.3M2025: -$77.3M20192025
EBITDA-$67.8M2025
-$73.4M-$48.9M-$24.5M2019: -$7.4M2020: -$22.6M2021: -$34.4M2022: -$81.5M2023: -$97.8M2024: -$81.6M2025: -$67.8M20192025
Free cash flow-$58.2M2025
-$91.5M-$61M-$30.5M2019: -$13.1M2020: -$48.9M2021: -$75M2022: -$121.9M2023: -$41.1M2024: -$68M2025: -$58.2M20192025
EPS-$9.472025
-$15.1-$10.1-$5.032019: -$2.292020: -$4.072021: -$13.12022: -$13.62023: -$20.12024: -$11.92025: -$9.4720192025
Cash / Debt$26.7M2025
$72.1M$144.3M$216.4M$288.6M2019 · Cash: $74.3M2019 · Debt: $102.3M2020 · Cash: $126.6M2020 · Debt: $204M2021 · Cash: $288.6M2021 · Debt: $02022 · Cash: $167.8M2022 · Debt: $105.8M2023 · Cash: $130.7M2023 · Debt: $93.9M2024 · Cash: $66.7M2024 · Debt: $53.7M2025 · Cash: $26.7M2025 · Debt: $39.6M20192025
CashDebt
Profitability+35.8%2025
-32.0%-3.7%+24.6%+52.9%2019 · Gross margin: +51.0%2020 · Gross margin: +51.4%2021 · Gross margin: +52.9%2022 · Gross margin: +43.5%2023 · Gross margin: +41.0%2024 · Gross margin: +42.7%2025 · Gross margin: +35.8%2019 · Operating margin: -4.7%2020 · Operating margin: -13.3%2021 · Operating margin: -11.8%2022 · Operating margin: -33.7%2023 · Operating margin: -60.2%2024 · Operating margin: -51.4%2025 · Operating margin: -49.3%2019 · Net margin: -7.5%2020 · Net margin: -11.8%2021 · Net margin: -16.4%2022 · Net margin: -34.0%2023 · Net margin: -60.0%2024 · Net margin: -49.2%2025 · Net margin: -50.7%20192025
Gross marginOperating marginNet margin
Revenue growth-19.7%2025
-12.4%+0.6%+13.6%+26.5%2020: +13.2%2021: +26.5%2022: +7.3%2023: -14.7%2024: -25.3%2025: -19.7%20192025
Shares outstanding8.2M2025
2M4.1M6.1M8.2M2019: 6.3M2020: 6.3M2021: 3.5M2022: 7.4M2023: 7.6M2024: 7.9M2025: 8.2M20192025
Valuation-0.42025
-184.5-116.7-48.918.92019 · P/E: -252.32020 · P/E: -142.02021 · P/E: -23.02022 · P/E: -3.62023 · P/E: -1.22024 · P/E: -0.62025 · P/E: -0.42019 · P/S: 18.92020 · P/S: 16.72021 · P/S: 3.82022 · P/S: 1.22023 · P/S: 0.72024 · P/S: 0.32025 · P/S: 0.220192025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $2.8M · Updated 33m ago
Dividend
$0.31
2026-08-21

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-5.96$30.6M-80%1
FY 2027-4.61$179.9M+18%1
Q3 2026-2.07$26.6M-19%1
Q3 2026-1.10$2.8M-92%1
Q4 2026-0.94$44.4M-7%1
Q4 2026-1.19$2.8M-94%1

Company events

6
2026-11-05EarningsActual - / Estimate -1.1-
2026-08-21Dividend$0.31-
2026-08-18EarningsActual -1.17 / Estimate -1.49Beat
2026-08-17EarningsActual - / Estimate -1.49-
2026-08-14EarningsActual - / Estimate -1.49-
2026-08-06EarningsActual - / Estimate -1.49-

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 5, 2026, 09:58 PM UTC

Company profile

Sector
Consumer Cyclical
Industry
Apparel - Footwear & Accessories
Chief executive
Nadia Carlsten
Employees
362
IPO date
Nov 3, 2021
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei-19.57
Piotroski scorei3/9
FMP ratingiC
Owner earningsi-$23.04M-$2.51 per share
ESG risk ratingiBIndustry rank: 9 out of 36

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
3
Price to earningsi
1
Price to booki
3
Market cap history
$23.10M-26.6%Jun 26 – Sep 26
$18.48M$25.75M$33.02MHigh: $33.02M · 2026-07-01Low: $18.48M · 2026-08-03Latest: $23.10M · 2026-09-04Jun 26Jul 26Aug 26Sep 26
Latest: $23.10M · 2026-09-04High: $33.02M · 2026-07-01Low: $18.48M · 2026-08-03
Largest fund holders
FundWeightShares held
VTI0%150.7K
VXF0%63.5K
FSMAX0%28.6K
IWC0%20K
IJE0%14.4K
FSKAX0%8.1K
DTOX2.14%4.1K
AVSC0%3.5K
VUN.TO0%889.4
VEQT.TO0%340.1
VGRO.TO0%180.2
VBAL.TO0%72.9

Analyst track record

How the analysts covering BIRD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings646
Analysts210
Buy / hold / sell1 / 5 / 06 / 40 / 0
Upgrades / downgrades / initiations0 / 1 / 00 / 1 / 2
Price targets hit / missed0 / 1 (0%)0 / 23 (0%)
Avg. return after a rating (TipRanks)-75.1%-73.3%
Best / worst call-75.1% / -75.1%-30.2% / -90.3%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Aug 28, 2026Tom ForteMaxim GroupHoldMaintained–
Apr 15, 2026Dylan CardenWilliam BlairHoldReiterated–
Mar 31, 2026Dylan CardenWilliam BlairHoldMaintained–
Feb 4, 2026Tom ForteMaxim GroupHoldDowngraded–
Nov 7, 2025Tom ForteMaxim GroupBuyMaintained$14.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$2.00$4.00$6.00$8.00$10.00Nov 25 · Buy 1 · Hold 3 · Sell 0Nov 25Dec 25 · Buy 1 · Hold 2 · Sell 0Jan 26 · Buy 1 · Hold 2 · Sell 0Jan 26Feb 26 · Buy 0 · Hold 2 · Sell 0Mar 26 · Buy 0 · Hold 2 · Sell 0Mar 26Apr 26 · Buy 0 · Hold 2 · Sell 0May 26 · Buy 0 · Hold 2 · Sell 0May 26Jun 26 · Buy 0 · Hold 2 · Sell 0Jul 26 · Buy 0 · Hold 2 · Sell 0Jul 26Aug 26 · Buy 0 · Hold 2 · Sell 0Sep 26 · Buy 0 · Hold 2 · Sell 0Sep 26Oct 26 · Buy 0 · Hold 2 · Sell 0Nov 25 · avg. target $11.00Dec 25 · avg. target $11.00Jan 26 · avg. target $11.00Nov 25 · month-end close $5.06Dec 25 · month-end close $4.10Jan 26 · month-end close $3.91Feb 26 · month-end close $2.84Mar 26 · month-end close $3.01Apr 26 · month-end close $6.50May 26 · month-end close $4.12Jun 26 · month-end close $4.00Jul 26 · month-end close $2.22Aug 26 · month-end close $2.46Sep 26 · month-end close $2.61Oct 26 · month-end close $3.37

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 2, 2026 · 6 ratings

Frequently asked questions

Where can I trade BIRD perpetual futures?

Allbirds, Inc. (BIRD) perpetual futures trade on 1 crypto venues, including Hyperliquid HIP-3. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BIRD around the clock?

Yes. Unlike the underlying stock, BIRD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BIRD perpetuals?

Right now the BIRD perp funding rate is +134.3% annualized (venue median), ranging from +134.3% to +134.3% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BIRD perp price compare to the Allbirds, Inc. stock?

The venue-median BIRD perp mark is $3.45 versus a reference stock price of $3.45, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BIRD perpetual future?

A BIRD perpetual is a derivative that tracks the price of Allbirds, Inc. with no expiry date. It lets you take long or short exposure to Allbirds, Inc. on crypto venues, around the clock.

What is BIRDUSDT perpetual?

BIRDUSDT is the symbol most crypto exchanges use for the Allbirds, Inc. perpetual settled in USDT (Tether). It tracks the BIRD share price through an index, trades 24/7 with leverage and never expires.

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