Allbirds, Inc. (BIRD) financials
NASDAQ · Consumer Cyclical · Apparel - Footwear & Accessories · 362 employees · CEO Nadia Carlsten
- Price
- $1.95 -8.02%
- Market cap
- $12.2M
- Enterprise value
- -$10.7M
- Last report
- Q2 '26 filed 2026-08-19
- Next report
- 2026-11-05 EPS est. -$1.10
Revenue (TTM)$106M-38.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-63.3%-12.4 pp vs a year agoOperating income -$67M
Net income (TTM)-$77M+8.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)-$9.02+14.6% vs a year agoSum of the last 4 quarters
Net cash$22.9M+558.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $12.2M EV -$10.7M
- Revenue
- $106M Trailing 12 months
- Revenue growth
- -80% FY2026 consensus
- Profit margin
- -72.8% Net income / revenue, TTM
- P/E
- -0.2× Forward -0.3× (FY2026)
- P/S
- 0.1× Price / sales, TTM
- EV / EBITDA
- 0.2× TTM
- Free cash flow
- – Trailing 12 months
- Net income
- -$77M Trailing 12 months
- Revenue estimate
- $30.6M FY2026 consensus
- Earnings
- 2026-11-05 Revenue est. $2.76M
- Dividend
- $0.31 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-18): revenue missed by 90.7%, EPS beat by 21.5%Revenue $2.76M vs $29.5M expected (-90.7%); EPS -$1.17 vs -$1.49 (+21.5%).
- Revenue growth slowing: -93.1% year on yearQ2 '26 revenue $2.76M, against an average of -22.9% over the four quarters before.
- Operating margin -63.3% (TTM), -12.4 pp on a year agoOperating income grew 23.0% while revenue grew -38.0%.
- Diluted share count up 13.3% in a year9.16M diluted shares in Q2 '26, 8.09M a year earlier.
- Net cash $22.9MCash + short-term investments $37.4M, debt incl. leases $14.5M; a year ago net debt $4.99M.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $2.76M | $39.7M | -93.1% |
| Gross margin | 0.0% | 40.7% | -40.7 pp |
| Operating income | -$10.7M | -$16.5M | +35.3% |
| Operating margin | -387.8% | -41.6% | -346.1 pp |
| Net income | -$16.4M | -$15.5M | -5.6% |
| Diluted EPS | -$1.79 | -$1.92 | +6.8% |
| Operating cash flow | -$11.1M | -$8.69M | -28.0% |
| Capex | $2.69M | $728K | +269.0% |
| Free cash flow | -$13.8M | -$9.42M | -46.6% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $0 | $2.12M | -100.0% |
Reported vs consensus
2026-08-18| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $2.76M | $29.5M | -90.7% |
| EPS (as estimated) | -$1.17 | -$1.49 | +21.5% |
From the report of 2026-08-18 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Reportable Segment | $22.3M | -30.5% | 100.0% | $143M | – |
Revenue by region
share of total| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $18.4M | -28.3% | 82.3% | $111M | -37.0% | |
| Non-US | $3.95M | -39.2% | 17.7% | $31.3M | -45.3% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Free cash flow
- –
- Returned to shareholders / FCF
- –
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -0.2× | – | – |
| EV / EBITDA | 0.2× | – | – |
| EV / Sales | -0.1× | 1.0× | 0.2× – 2.7× |
| Price / FCF | -0.3× | – | – |
| Price / Book | 0.8× | 1.2× | 0.5× – 2.6× |
| FCF yield | -377.8% | -72.2% | -174.1% – -7.2% |
| Return on invested capital | -181.0% | -48.9% | -99.5% – -8.1% |
| Return on equity | -243.2% | -86.5% | -215.2% – -11.4% |
Analysts
Consensus target $3.50 (+79.5%)
range $1.00 – $8.00 · rating Hold
Strong buy0
Buy3
Hold11
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $30.6M | -79.9% | -$5.96 | +37.1% | -0.3× | 1 |
| FY2027 | $180M | +487.9% | -$4.61 | +22.7% | -0.4× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 248 figures Smartbird, Inc tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $1.46M | $0 | – | – | – | – | |
| Accounts and Other Receivables, Net, Current | $02025-12-31 | $1.37M | -100.0% | $0 | $1.37M | -100.0% |
| Accounts Payable, Current | $517K | $12.1M | -95.7% | $17.8M | $10.8M | +64.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $4.38M2026-03-31 | $5.09M | -14.0% | $6.84M | $6.17M | +10.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $963K2026-03-31 | $0 | – | – | – | – |
| Accrued Liabilities, Current | $6.89M2026-03-31 | $6.91M | -0.3% | $10.5M | $11.6M | -9.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.48M | $49.4M | -97.0% | $48.2M | $44.6M | +8.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $0 | -$3.1M | +100.0% | -$3.87M | -$5.68M | +31.8% |
| Additional Paid in Capital | $621M | $596M | +4.2% | $602M | $592M | +1.6% |
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $0 | – | – | – | – | – |
| Amortization of Debt Issuance Costs | $200K2026-03-31 | $0 | – | $482K | $8K | +5,925.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 4.65M | 110K | +4,124.6% | 1.05M | 1.07M | -1.7% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3.21M | $2.08M | +54.4% | $7.88M | $11.7M | -32.9% |
| Asset Impairment Charges | $1.02M2026-03-31 | $0 | – | $4.23M | $1.8M | +134.7% |
| Assets | $46.1M | $137M | -66.3% | $109M | $189M | -42.1% |
| Assets, Current | $40.9M | $94.3M | -56.6% | $82.1M | $131M | -37.1% |
| Assets, Noncurrent | $5.17M | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $0 | $0 | – | $24K | $54K | -55.6% |
| Capitalized Computer Software, Additions | – | – | – | $7M | $4.2M | +66.7% |
| Cash and Cash Equivalents, at Carrying Value | $37.4M | $33.1M | +12.8% | $26.7M | $66.7M | -60.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15.6M2026-03-31 | $39.9M | -60.9% | $27.6M | $67.6M | -59.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $38.6M | $34M | +13.5% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $23M | -$5.91M | +488.9% | -$40M | -$63.1M | +36.5% |
| Common Stock, Capital Shares Reserved for Future Issuance | 6.02M | 2.38M | +153.0% | 2.23M | 2.21M | +0.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$16.3M | -$13.6M | -20.1% | -$75.5M | -$95.7M | +21.1% |
| Contract with Customer, Liability, Current | $1.61M2026-03-31 | $1.59M | +1.2% | $1.7M | $3.9M | -56.5% |
| Contract with Customer, Liability, Revenue Recognized | – | – | – | $3.7M | $3.4M | +8.8% |
| Contract with Customer, Refund Liability, Current | $941K2026-03-31 | $1.4M | -32.6% | $1.49M | $2.26M | -33.9% |
| Contract with Customer, Right to Recover Product, Current | $240K2026-03-31 | $324K | -25.9% | $501K | $798K | -37.2% |
| Conversion of Stock, Amount Issued | $0 | – | – | – | – | – |
| Convertible Debt, Noncurrent | $8.19M | – | – | – | – | – |
| Convertible Preferred Stock, Shares Reserved for Future Issuance | 02025-12-31 | 0 | – | 0 | 0 | – |
| Cost of Revenue | $2.76M | $0 | – | $89.9M | $109M | -17.3% |
| Costs and Expenses | $13.5M | $5.06M | +165.9% | – | – | – |
| Credit Card Receivables | $600K2026-03-31 | $1.2M | -50.0% | $700K | $1M | -30.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $276K | $950K | -70.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $340K | $959K | -64.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $64K | $9K | +611.1% |
| Debt Issuance Costs, Noncurrent, Net | $2.17M2026-03-31 | $0 | – | $2.41M | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $53K | $912K | -94.2% |
| Deferred Income Tax Assets, Net | $501K | $563K | -11.0% | $509K | $563K | -9.6% |
| Deferred Income Tax Expense (Benefit) | $53K2025-12-31 | $519K | -89.8% | $53K | $912K | -94.2% |
| Deferred Income Taxes and Tax Credits | – | – | – | $65K | $912K | -92.9% |
| Deferred Offering Costs | $0 | $229K | -100.0% | $224K | $0 | – |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Charitable Contribution Carryforwards | $1.55M2025-12-31 | $2.29M | -32.2% | $1.55M | $2.29M | -32.2% |
| Deferred Tax Assets, Deferred Income | $343K2025-12-31 | $888K | -61.4% | $343K | $888K | -61.4% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $657K2025-12-31 | $711K | -7.6% | $657K | $711K | -7.6% |
| Deferred Tax Assets, Gross | $120M2025-12-31 | $110M | +9.2% | $120M | $110M | +9.2% |
| Deferred Tax Assets, Inventory | $1.55M2025-12-31 | $1.76M | -11.9% | $1.55M | $1.76M | -11.9% |
| Deferred Tax Assets, Net | $509K2025-12-31 | $563K | -9.6% | $509K | $563K | -9.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $3.76M2025-12-31 | $10.5M | -64.1% | $3.76M | $10.5M | -64.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $95.6M2025-12-31 | $66.4M | +44.0% | $95.6M | $66.4M | +44.0% |
| Deferred Tax Assets, Other | $1.29M2025-12-31 | $799K | +61.6% | $1.29M | $799K | +61.6% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $4.7M2025-12-31 | $4.7M | 0.0% | $4.7M | $4.7M | 0.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $1.25M2025-12-31 | $904K | +38.6% | $1.25M | $904K | +38.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $491K2025-12-31 | $1.18M | -58.5% | $491K | $1.18M | -58.5% |
| Deferred Tax Assets, Valuation Allowance | $116M2025-12-31 | $99.3M | +17.0% | $116M | $99.3M | +17.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02