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Allbirds (BIRD) Financials

Allbirds logo
$2.38 -0.13 (-5.18%)
Closing price 04:00 PM Eastern
Extended Trading
$2.43 +0.05 (+2.10%)
As of 05:02 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Allbirds

Annual Income Statements for Allbirds

This table shows Allbirds' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -15 -26 -45 -101 -152 -93 -77
Consolidated Net Income / (Loss)		 -15 -26 -45 -101 -152 -93 -77
Net Income / (Loss) Continuing Operations		 -15 -26 -45 -101 -152 -93 -77
Total Pre-Tax Income 		-11 -30 -45 -100 -152 -91 -77
Total Operating Income		 -9.01 -29 -33 -100 -153 -98 -80
Total Gross Profit		 99 113 147 130 104 81 63
Total Revenue		 194 219 277 298 254 190 152
Operating Revenue		 194 219 277 298 254 190 152
Total Cost of Revenue		 95 107 131 168 150 109 90
Operating Cost of Revenue		 95 107 131 168 150 109 90
Total Operating Expenses		 108 142 180 230 257 179 143
Selling, General & Admin Expense		 63 87 122 167 174 133 92
Marketing Expense		 44 55 57 59 49 42 45
Impairment Charge		 - 0.00 0.00 3.29 27 1.80 4.23
Restructuring Charge		 - 0.00 0.00 0.78 6.76 1.80 0.56
Total Other Income / (Expense), net		 -1.84 -0.75 -12 0.16 0.88 6.11 3.07
Interest & Investment Income		 - -0.30 -0.18 - 4.08 3.49 -1.07
Other Income / (Expense), net		 -1.74 -0.45 -12 0.14 -3.20 2.62 4.14
Income Tax Expense		 3.68 -4.11 0.81 1.23 0.33 1.87 0.39
Basic Earnings per Share		 ($0.28) ($0.49) ($0.65) ($0.68) ($20.10) ($11.87) ($9.47)
Weighted Average Basic Shares Outstanding		 51.47M 53.01M 69.31M 148.75M 7.58M 7.86M 8.16M
Diluted Earnings per Share		 ($0.28) ($0.49) ($0.65) ($0.68) ($20.10) ($11.87) ($9.47)
Weighted Average Diluted Shares Outstanding		 51.47M 53.01M 69.31M 148.75M 7.58M 7.86M 8.16M
Weighted Average Basic & Diluted Shares Outstanding		 - - 147.36M 149.96M 155.19M 8.00M 8.71M

Quarterly Income Statements for Allbirds

This table shows Allbirds' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -32 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21
Consolidated Net Income / (Loss)		 -32 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21
Net Income / (Loss) Continuing Operations		 -32 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21
Total Pre-Tax Income 		-31 -57 -27 -19 -21 -25 -22 -15 -20 -19 -21
Total Operating Income		 -30 -58 -30 -20 -22 -26 -23 -17 -20 -21 -22
Total Gross Profit		 25 27 18 26 19 17 14 16 14 18 6.21
Total Revenue		 57 72 39 52 43 56 32 40 33 48 22
Operating Revenue		 57 72 39 52 43 56 32 40 33 48 22
Total Cost of Revenue		 32 45 21 26 24 38 18 24 19 30 16
Operating Cost of Revenue		 32 45 21 26 24 38 18 24 19 30 16
Total Operating Expenses		 55 85 48 46 41 43 37 33 34 38 28
Selling, General & Admin Expense		 44 42 40 34 31 29 25 24 22 21 19
Marketing Expense		 10 15 7.76 12 9.86 12 12 8.53 12 13 7.13
Impairment Charge		 - - - - 0.00 - 0.00 - 0.73 - 1.02
Restructuring Charge		 1.23 1.24 0.80 0.95 0.04 0.01 0.00 0.00 0.00 0.56 1.28
Total Other Income / (Expense), net		 -1.38 0.56 2.72 1.61 0.69 1.09 1.02 1.11 -0.37 1.31 1.37
Interest & Investment Income		 1.12 - 1.02 1.23 0.74 - 0.29 0.09 -0.37 -1.08 -0.84
Other Income / (Expense), net		 -2.50 -0.55 1.70 0.38 -0.05 0.59 0.73 1.02 0.00 2.39 2.21
Income Tax Expense		 0.13 -0.30 0.24 0.55 0.09 0.99 0.07 0.08 0.07 0.17 0.08
Basic Earnings per Share		 ($4.15) ($7.49) ($3.52) ($2.45) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37)
Weighted Average Basic Shares Outstanding		 7.61M 7.58M 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M
Diluted Earnings per Share		 ($4.15) ($7.49) ($3.52) ($2.45) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37)
Weighted Average Diluted Shares Outstanding		 7.61M 7.58M 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M
Weighted Average Basic & Diluted Shares Outstanding		 152.85M 155.19M 155.84M 157.74M 7.93M 8.00M 8.06M 8.15M 8.21M 8.71M 8.81M

Annual Cash Flow Statements for Allbirds

This table details how cash moves in and out of Allbirds' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 11 52 161 -121 -37 -63 -40
Net Cash From Operating Activities		 0.04 -35 -51 -91 -30 -64 -55
Net Cash From Continuing Operating Activities		 0.04 -35 -51 -91 -30 -64 -55
Net Income / (Loss) Continuing Operations		 -15 -26 -45 -101 -152 -93 -77
Consolidated Net Income / (Loss)		 -15 -26 -45 -101 -152 -93 -77
Depreciation Expense		 3.38 7.09 9.65 15 21 12 8.02
Amortization Expense		 0.04 0.05 0.05 0.05 0.05 0.01 0.48
Non-Cash Adjustments To Reconcile Net Income		 5.37 6.04 22 38 58 16 13
Changes in Operating Assets and Liabilities, net		 5.78 -22 -37 -42 43 0.64 0.57
Net Cash From Investing Activities		 -15 -16 -26 -32 -7.71 2.12 -1.90
Net Cash From Continuing Investing Activities		 -15 -16 -26 -32 -7.71 2.12 -1.90
Purchase of Property, Plant & Equipment		 -13 -14 -24 -31 -11 -4.10 -3.15
Divestitures		 - - - 0.00 2.18 4.01 0.39
Other Investing Activities, net		 -2.06 0.07 -1.21 -0.93 0.81 2.20 0.85
Net Cash From Financing Activities		 26 102 238 3.58 0.64 0.29 16
Net Cash From Continuing Financing Activities		 26 102 238 3.58 0.64 0.29 16
Repayment of Debt		 0.15 -18 0.00 0.54 - 0.00 -3.12
Issuance of Debt		 0.00 18 0.00 - - 0.00 19
Issuance of Common Equity		 0.00 0.00 237 1.20 0.33 0.25 0.00
Other Financing Activities, net		 0.59 0.44 5.88 2.59 0.31 0.03 0.00
Effect of Exchange Rate Changes		 -0.04 0.91 -0.34 -1.52 0.20 -1.64 0.88
Cash Interest Paid		 0.06 0.24 0.12 0.09 0.11 0.12 0.06

Quarterly Cash Flow Statements for Allbirds

This table details how cash moves in and out of Allbirds' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -7.42 -2.45 -28 -15 -8.59 -12 -28 -5.91 -9.44 2.99 -12
Net Cash From Operating Activities		 -5.41 -4.72 -26 -16 -11 -11 -28 -8.69 -15 -3.27 -12
Net Cash From Continuing Operating Activities		 -5.41 -4.72 -26 -16 -11 -11 -28 -8.69 -15 -3.67 -12
Net Income / (Loss) Continuing Operations		 -32 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21
Consolidated Net Income / (Loss)		 -32 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21
Depreciation Expense		 5.11 5.86 4.85 2.49 2.89 2.17 1.90 1.90 1.92 2.30 1.38
Amortization Expense		 0.01 0.01 0.01 - - - 0.00 - 0.24 0.24 0.20
Non-Cash Adjustments To Reconcile Net Income		 8.77 31 5.44 2.69 2.73 5.56 1.05 3.34 2.73 5.62 3.81
Changes in Operating Assets and Liabilities, net		 12 16 -9.17 -1.64 4.33 7.11 -8.96 1.57 0.20 7.76 3.27
Net Cash From Investing Activities		 -1.74 1.02 -0.77 0.86 1.44 0.59 -0.21 -0.68 -0.54 -0.47 0.07
Net Cash From Continuing Investing Activities		 -1.74 1.02 -0.77 0.86 1.44 0.59 -0.21 -0.68 -0.54 -0.47 0.07
Purchase of Property, Plant & Equipment		 -2.05 -1.21 -1.12 -1.31 -0.66 -1.01 -0.64 -0.73 -0.90 -0.87 -0.07
Divestitures		 - 2.18 0.30 1.05 1.11 1.55 0.39 0.00 0.00 0.00 0.00
Other Investing Activities, net		 0.31 0.05 0.05 1.12 0.98 0.05 0.04 0.05 0.36 0.40 0.14
Net Cash From Financing Activities		 0.08 0.25 0.03 0.15 - 0.10 0.00 2.15 7.11 6.81 0.07
Net Cash From Continuing Financing Activities		 0.08 0.25 0.03 0.15 - 0.10 0.00 2.15 7.11 6.85 0.07
Repayment of Debt		 - - - - - - 0.00 - -0.20 - -1.65
Issuance of Debt		 - - - - - - 0.00 - 7.31 6.91 1.72
Other Financing Activities, net		 0.08 0.16 0.03 - - - 0.00 0.00 - - 0.00
Effect of Exchange Rate Changes		 -0.35 1.00 -0.81 -0.28 1.20 -1.74 0.42 1.31 -0.78 -0.08 -0.02
Cash Interest Paid		 0.02 0.03 0.05 0.03 0.03 0.03 0.03 0.03 0.01 - 0.00
Cash Income Taxes Paid		 0.21 0.31 0.66 0.51 0.14 0.36 0.07 0.06 0.02 - 0.00

Annual Balance Sheets for Allbirds

This table presents Allbirds' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 244 488 462 313 189 109
Total Current Assets		 215 444 309 212 131 82
Cash & Equivalents		 127 289 167 130 67 27
Accounts Receivable		 1.96 11 9.21 8.19 6.17 6.84
Inventories, net		 59 107 117 58 44 39
Prepaid Expenses		 27 38 16 16 14 9.71
Plant, Property, & Equipment, net		 23 38 54 26 18 11
Total Noncurrent Assets		 5.90 6.11 99 74 40 17
Other Noncurrent Operating Assets		 5.90 6.11 99 74 40 17
Total Liabilities & Shareholders' Equity		 244 488 462 313 189 109
Total Liabilities		 66 91 146 127 87 74
Total Current Liabilities		 55 81 50 49 44 41
Accounts Payable		 20 31 12 5.85 11 18
Accrued Expenses		 31 46 23 23 19 14
Current Deferred Revenue		 2.93 4.19 4.06 4.55 3.90 1.70
Other Current Liabilities		 - 0.00 10 15 11 6.78
Total Noncurrent Liabilities		 11 10 96 79 43 33
Long-Term Debt		 - - - - 0.00 17
Other Noncurrent Operating Liabilities		 11 10 96 79 43 15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -26 397 317 185 102 36
Total Preferred & Common Equity		 -26 397 317 185 102 36
Total Common Equity		 -26 397 317 185 102 36
Common Stock		 65 534 559 580 592 602
Retained Earnings		 -92 -137 -239 -391 -485 -562
Treasury Stock		 - - - - - 0.00
Accumulated Other Comprehensive Income / (Loss)		 1.96 0.67 -3.61 -3.34 -5.68 -3.87

Quarterly Balance Sheets for Allbirds

This table presents Allbirds' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 380 272 239 222 147 137 120 85
Total Current Assets		 236 185 165 155 98 94 81 65
Cash & Equivalents		 132 102 87 79 39 33 24 14
Accounts Receivable		 5.32 5.70 11 5.67 5.09 7.81 4.86 4.38
Inventories, net		 80 61 54 57 43 42 43 37
Prepaid Expenses		 18 17 14 14 11 11 9.03 8.78
Plant, Property, & Equipment, net		 48 22 21 19 17 15 14 8.95
Total Noncurrent Assets		 96 65 53 48 33 27 25 11
Other Noncurrent Operating Assets		 96 65 53 48 33 27 25 11
Total Liabilities & Shareholders' Equity		 380 272 239 222 147 137 120 85
Total Liabilities		 144 112 95 95 64 65 68 68
Total Current Liabilities		 51 47 40 46 30 37 34 41
Accounts Payable		 13 13 9.97 18 5.56 12 12 23
Accrued Expenses		 20 15 15 13 14 14 11 10
Current Deferred Revenue		 3.93 4.26 4.25 3.61 1.59 1.60 1.51 1.61
Other Current Liabilities		 15 14 11 11 9.66 9.66 9.36 5.59
Total Noncurrent Liabilities		 92 65 55 49 34 29 34 28
Long-Term Debt		 - - - - - 5.00 12 17
Other Noncurrent Operating Liabilities		 92 65 55 49 34 24 22 10
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 236 160 144 127 83 71 52 16
Total Preferred & Common Equity		 236 160 144 127 83 71 52 16
Total Common Equity		 236 160 144 127 83 71 52 16
Common Stock		 576 583 586 589 594 596 598 603
Retained Earnings		 -334 -419 -438 -459 -506 -522 -542 -583
Treasury Stock		 - - - - - - - 0.00
Accumulated Other Comprehensive Income / (Loss)		 -5.05 -4.55 -4.86 -2.98 -4.99 -3.10 -3.76 -3.92

Annual Metrics And Ratios for Allbirds

This table displays calculated financial ratios and metrics derived from Allbirds' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 146,846,415.00 149,353,111.00 152,851,509.00 - 8,213,092.00
DEI Adjusted Shares Outstanding		 0.00 0.00 7,342,321.00 7,467,656.00 7,642,575.00 - 8,213,092.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -6.18 -13.57 -19.95 - -9.41
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 13.23% 26.53% 7.31% -14.68% -25.31% -19.65%
EBITDA Growth		 0.00% -207.20% -53.87% -146.30% -58.22% 38.93% 18.43%
EBIT Growth		 0.00% -175.90% -49.56% -125.65% -55.97% 39.22% 20.13%
NOPAT Growth		 0.00% -224.24% -12.50% -205.04% -52.57% 36.24% 18.03%
Net Income Growth		 0.00% -78.01% -75.44% -123.39% -50.42% 38.79% 17.18%
EPS Growth		 0.00% -75.00% -32.65% -4.62% -50.42% 40.95% 20.22%
Operating Cash Flow Growth		 0.00% -82,428.57% -47.06% -78.14% 66.64% -111.30% 13.74%
Free Cash Flow Firm Growth		 0.00% 0.00% -9.67% -40.22% 88.54% -275.51% 0.68%
Invested Capital Growth		 0.00% 0.00% 108.55% 38.00% -63.04% -36.79% -23.91%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -4.20% -4.58% -7.84% -5.09%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -21.99% -28.73% 26.20% 9.68%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -18.77% -26.25% 25.80% 8.28%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -23.47% -26.63% 24.62% 5.94%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -16.60% -26.47% 25.00% 7.31%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -28.30% -26.47% 24.63% 7.25%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -25.71% -3.51% 10.91% -10.59% 12.08%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 65.33% -35.37% 7.24%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -1.33% -46.78% -28.26% -34.40%
Profitability Metrics		 - - - - - - -
Gross Margin		 51.03% 51.41% 52.86% 43.53% 41.03% 42.72% 41.03%
EBITDA Margin		 -3.79% -10.28% -12.50% -28.69% -53.19% -43.49% -44.16%
Operating Margin		 -4.65% -13.33% -11.85% -33.68% -60.22% -51.41% -52.45%
EBIT Margin		 -5.55% -13.53% -16.00% -33.63% -61.48% -50.03% -49.73%
Profit (Net Income) Margin		 -7.50% -11.79% -16.35% -34.04% -60.01% -49.18% -50.69%
Tax Burden Percent		 133.86% 86.28% 101.82% 101.23% 100.22% 102.05% 100.51%
Interest Burden Percent		 100.89% 101.00% 100.40% 99.98% 97.39% 96.32% 101.41%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -78.69% -28.69% -54.41% -104.53% -151.33% -181.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -70.15% -17.92% -40.73% -74.00% -125.89% -125.85%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 49.73% 12.93% 26.01% 43.80% 86.30% 69.56%
Return on Equity (ROE)		 0.00% -28.97% -15.77% -28.40% -60.73% -65.03% -112.33%
Cash Return on Invested Capital (CROIC)		 0.00% -278.69% -99.05% -86.34% -12.46% -106.24% -154.73%
Operating Return on Assets (OROA)		 0.00% -12.16% -12.12% -21.07% -40.31% -37.85% -50.84%
Return on Assets (ROA)		 0.00% -10.60% -12.39% -21.32% -39.34% -37.21% -51.82%
Return on Common Equity (ROCE)		 0.00% 4.14% -10.18% -28.40% -60.73% -65.03% -112.33%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 101.38% -11.43% -32.00% -82.26% -91.77% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.31 -20 -23 -70 -107 -68 -56
NOPAT Margin		 -3.26% -9.33% -8.29% -23.58% -42.16% -35.99% -36.71%
Net Nonoperating Expense Percent (NNEP)		 0.00% -8.54% -10.77% -13.67% -30.53% -25.44% -56.04%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -57.79% -67.16% -105.05%
Cost of Revenue to Revenue		 48.97% 48.59% 47.14% 56.47% 58.97% 57.28% 58.97%
SG&A Expenses to Revenue		 32.78% 39.53% 44.04% 56.00% 68.50% 70.29% 60.66%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 55.69% 64.74% 64.70% 77.21% 101.25% 94.13% 93.47%
Earnings before Interest and Taxes (EBIT)		 -11 -30 -44 -100 -156 -95 -76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.34 -23 -35 -85 -135 -83 -67
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 5.58 1.14 1.01 0.54 0.94
Price to Tangible Book Value (P/TBV)		 0.00 0.00 5.58 1.14 1.01 0.54 0.94
Price to Revenue (P/Rev)		 1.56 1.38 7.98 1.21 0.74 0.29 0.22
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 7.32 17.76 1.30 1.03 0.00 0.92
Enterprise Value to Revenue (EV/Rev)		 0.00 1.73 6.94 0.65 0.23 0.00 0.16
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.48
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.48
Financial Leverage		 0.00 -0.71 -0.72 -0.64 -0.59 -0.69 -0.55
Leverage Ratio		 0.00 1.37 1.27 1.33 1.54 1.75 2.17
Compound Leverage Factor		 0.00 1.38 1.28 1.33 1.50 1.68 2.20
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 32.60%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 32.60%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 114.29% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -14.29% 100.00% 100.00% 100.00% 100.00% 67.40%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.26
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.14
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.26
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.31
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.17
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.31
Altman Z-Score		 0.00 3.53 15.30 1.37 -1.08 -3.32 -7.35
Noncontrolling Interest Sharing Ratio		 0.00% 114.29% 35.45% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 3.93 5.48 6.18 4.37 2.94 2.02
Quick Ratio		 0.00 2.35 3.69 3.53 2.84 1.64 0.83
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -72 -79 -111 -13 -48 -48
Operating Cash Flow to CapEx		 0.32% -240.96% -210.29% -288.82% -278.03% -1,559.46% -1,751.45%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.44 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -136.25 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.90 0.76 0.63 0.66 0.76 1.02
Accounts Receivable Turnover		 0.00 112.17 42.91 29.51 29.21 26.44 23.44
Inventory Turnover		 0.00 1.80 1.58 1.50 1.72 2.13 2.17
Fixed Asset Turnover		 0.00 9.41 9.06 6.45 6.32 8.64 10.76
Accounts Payable Turnover		 0.00 5.27 5.13 7.83 16.56 13.08 6.30
Days Sales Outstanding (DSO)		 0.00 3.25 8.51 12.37 12.49 13.81 15.57
Days Inventory Outstanding (DIO)		 0.00 202.86 231.73 242.78 212.62 171.07 168.46
Days Payable Outstanding (DPO)		 0.00 69.32 71.10 46.64 22.04 27.91 57.93
Cash Conversion Cycle (CCC)		 0.00 136.80 169.14 208.51 203.07 156.96 126.10
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 52 108 150 55 35 27
Invested Capital Turnover		 0.00 8.44 3.46 2.31 2.48 4.21 4.95
Increase / (Decrease) in Invested Capital		 0.00 52 56 41 -94 -20 -8.36
Enterprise Value (EV)		 0.00 380 1,926 194 57 -11 24
Market Capitalization		 303 303 2,214 361 187 55 34
Book Value per Share		 $0.00 ($0.48) $2.70 $2.12 $1.21 $12.82 $4.37
Tangible Book Value per Share		 $0.00 ($0.48) $2.70 $2.12 $1.21 $12.82 $4.37
Total Capital		 0.00 179 397 317 185 102 53
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 17
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 17
Net Debt		 0.00 -127 -289 -167 -130 -67 -9.32
Capital Expenditures (CapEx)		 13 14 24 31 11 4.10 3.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 34 75 92 34 19 15
Debt-free Net Working Capital (DFNWC)		 0.00 160 363 259 164 86 41
Net Working Capital (NWC)		 0.00 160 363 259 164 86 41
Net Nonoperating Expense (NNE)		 8.22 5.40 22 31 45 25 21
Net Nonoperating Obligations (NNO)		 0.00 -127 -289 -167 -130 -67 -9.32
Total Depreciation and Amortization (D&A)		 3.42 7.14 9.70 15 21 12 8.50
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 15.34% 26.90% 30.82% 13.29% 10.25% 9.70%
Debt-free Net Working Capital to Revenue		 0.00% 73.05% 130.90% 86.95% 64.47% 45.42% 27.20%
Net Working Capital to Revenue		 0.00% 73.05% 130.90% 86.95% 64.47% 45.42% 27.20%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.65) ($0.68) ($20.20) ($11.87) ($9.47)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 69.31M 148.75M 7.58M 7.86M 8.16M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.65) ($0.68) ($20.20) ($11.87) ($9.47)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 69.31M 148.75M 7.58M 7.86M 8.16M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 147.36M 149.96M 7.76M 8.00M 8.71M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.31 -20 -23 -67 -83 -66 -53
Normalized NOPAT Margin		 -3.26% -9.33% -8.29% -22.62% -32.75% -34.66% -34.51%
Pre Tax Income Margin		 -5.60% -13.67% -16.06% -33.63% -59.88% -48.19% -50.43%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -112.04 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -65.72 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -248.73 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -202.41 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -10.34% -0.73% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Allbirds

This table displays calculated financial ratios and metrics derived from Allbirds' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 151,926,938.00 152,851,509.00 155,189,209.00 155,841,743.00 157,735,856.00 - 8,002,456.00 8,057,589.00 8,146,478.00 8,213,092.00 8,708,133.00
DEI Adjusted Shares Outstanding		 7,596,347.00 7,642,575.00 7,759,460.00 7,792,087.00 7,886,793.00 - 8,002,456.00 8,057,589.00 8,146,478.00 8,213,092.00 8,708,133.00
DEI Earnings Per Adjusted Shares Outstanding		 -4.16 -7.43 -3.52 -2.46 -2.69 - -2.73 -1.92 -2.49 -2.38 -2.38
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -21.21% -14.48% -27.64% -26.81% -24.89% -22.42% -18.34% -23.06% -23.27% -14.64% -30.50%
EBITDA Growth		 -28.91% -136.14% 24.15% 29.95% 30.97% 56.02% 13.15% 21.44% 6.43% 31.37% 9.77%
EBIT Growth		 -28.40% -126.27% 21.37% 33.29% 32.94% 56.73% 21.38% 21.72% 8.94% 27.19% 10.40%
NOPAT Growth		 -17.83% -126.36% 16.45% 31.85% 27.54% 55.29% 23.42% 18.14% 8.71% 19.60% 3.59%
Net Income Growth		 -25.09% -128.33% 22.28% 33.88% 32.93% 54.78% 19.96% 18.98% 4.03% 23.73% 5.26%
EPS Growth		 -25.09% -128.33% 22.28% 33.88% 35.42% 56.34% 22.44% 21.63% 7.09% 26.61% 13.19%
Operating Cash Flow Growth		 69.11% 43.93% -25.29% -1,982.85% -107.43% -129.49% -6.42% 44.25% -35.68% 69.80% 56.73%
Free Cash Flow Firm Growth		 133.31% 191.46% 326.70% 2,155.72% 49.50% -95.73% -102.39% -96.31% -114.38% -366.65% 677.81%
Invested Capital Growth		 -31.49% -63.04% -59.74% -54.21% -53.11% -36.79% -24.78% -23.84% -16.78% -23.91% -55.85%
Revenue Q/Q Growth		 -18.78% 25.76% -45.37% 31.16% -16.65% 29.90% -42.50% 23.58% -16.87% 44.53% -53.19%
EBITDA Q/Q Growth		 -10.98% -90.66% 55.54% 25.53% -9.36% -21.47% 12.22% 32.64% -30.26% 10.91% -15.42%
EBIT Q/Q Growth		 -9.65% -78.71% 51.69% 29.54% -10.23% -15.32% 12.22% 29.84% -28.22% 7.79% -8.02%
NOPAT Q/Q Growth		 -1.48% -91.73% 48.28% 32.27% -7.89% -18.31% 11.41% 27.61% -20.32% -4.20% -6.23%
Net Income Q/Q Growth		 -9.12% -79.83% 51.87% 30.00% -10.68% -21.25% 14.81% 29.14% -31.11% 3.65% -5.83%
EPS Q/Q Growth		 -9.12% -79.83% 51.87% 30.00% -9.39% -22.01% 16.51% 29.67% -29.69% 3.61% 1.25%
Operating Cash Flow Q/Q Growth		 -753.74% 12.73% -454.64% 40.50% 27.98% 3.45% -157.20% 68.83% -75.26% 78.51% -268.51%
Free Cash Flow Firm Q/Q Growth		 1,035.47% 102.14% 21.23% -18.93% -24.74% -94.23% -167.84% 225.26% -393.12% -7.04% 247.01%
Invested Capital Q/Q Growth		 -16.17% -46.78% 5.22% -2.47% -14.15% -28.26% 25.22% -1.25% -6.19% -34.40% -27.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 43.49% 38.03% 46.93% 50.51% 44.36% 31.29% 44.84% 40.71% 43.17% 37.24% 27.81%
EBITDA Margin		 -47.94% -72.67% -59.14% -33.58% -44.06% -41.20% -62.90% -34.29% -53.73% -33.12% -81.66%
Operating Margin		 -52.52% -80.07% -75.80% -39.14% -50.66% -46.14% -71.09% -41.65% -60.28% -43.46% -98.62%
EBIT Margin		 -56.88% -80.83% -71.48% -38.40% -50.78% -45.08% -68.82% -39.07% -60.27% -38.45% -88.73%
Profit (Net Income) Margin		 -55.16% -78.87% -69.50% -37.09% -49.25% -45.97% -68.12% -39.06% -61.61% -41.07% -92.85%
Tax Burden Percent		 100.43% 99.48% 100.88% 102.97% 100.41% 104.03% 100.30% 100.53% 100.36% 100.90% 100.38%
Interest Burden Percent		 96.56% 98.09% 96.37% 93.80% 96.59% 98.03% 98.67% 99.45% 101.86% 105.87% 104.25%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -76.60% -138.97% -125.16% -66.77% -95.69% -135.82% -178.21% -99.53% -151.88% -150.72% -312.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 -69.88% -127.91% -119.89% -62.36% -90.07% -128.06% -169.85% -92.71% -137.65% -137.36% -282.69%
Return on Net Nonoperating Assets (RNNOA)		 38.48% 75.70% 65.66% 34.73% 52.28% 87.79% 98.62% 49.67% 69.11% 75.92% 102.72%
Return on Equity (ROE)		 -38.12% -63.26% -59.50% -32.03% -43.41% -48.03% -79.59% -49.86% -82.76% -74.80% -209.50%
Cash Return on Invested Capital (CROIC)		 -28.82% -12.46% -16.46% -32.32% -46.41% -106.24% -96.10% -94.65% -115.02% -154.73% -98.13%
Operating Return on Assets (OROA)		 -38.17% -52.99% -48.70% -26.20% -34.74% -34.11% -59.88% -35.44% -56.65% -39.31% -109.13%
Return on Assets (ROA)		 -37.01% -51.71% -47.35% -25.31% -33.69% -34.78% -59.26% -35.43% -57.91% -41.99% -114.21%
Return on Common Equity (ROCE)		 -38.12% -63.26% -59.50% -32.03% -43.41% -48.03% -79.59% -49.86% -82.76% -74.80% -209.50%
Return on Equity Simple (ROE_SIMPLE)		 -51.00% 0.00% -90.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -21 -40 -21 -14 -15 -18 -16 -12 -14 -15 -15
NOPAT Margin		 -36.76% -56.05% -53.06% -27.40% -35.46% -32.30% -49.76% -29.15% -42.19% -30.42% -69.03%
Net Nonoperating Expense Percent (NNEP)		 -6.72% -11.06% -5.27% -4.40% -5.62% -7.76% -8.35% -6.82% -14.23% -13.36% -29.53%
Return On Investment Capital (ROIC_SIMPLE)		 - -21.77% -13.02% -9.82% -11.97% -17.74% -19.30% -15.15% -21.67% -27.22% -45.69%
Cost of Revenue to Revenue		 56.51% 61.97% 53.07% 49.49% 55.64% 68.71% 55.16% 59.29% 56.83% 62.76% 72.19%
SG&A Expenses to Revenue		 76.07% 57.69% 100.96% 65.05% 72.02% 52.20% 78.51% 60.87% 65.71% 44.97% 84.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 96.00% 118.09% 122.73% 89.65% 95.03% 77.44% 115.93% 82.35% 103.45% 80.70% 126.43%
Earnings before Interest and Taxes (EBIT)		 -33 -58 -28 -20 -22 -25 -22 -16 -20 -18 -20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -52 -23 -17 -19 -23 -20 -14 -18 -16 -18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.71 1.01 0.67 0.54 0.73 0.54 0.62 1.20 0.89 0.94 1.61
Price to Tangible Book Value (P/TBV)		 0.71 1.01 0.67 0.54 0.73 0.54 0.62 1.20 0.89 0.94 1.61
Price to Revenue (P/Rev)		 0.63 0.74 0.45 0.35 0.45 0.29 0.28 0.50 0.29 0.22 0.18
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.35 1.03 0.10 0.00 0.30 0.00 0.29 1.33 0.86 0.92 1.51
Enterprise Value to Revenue (EV/Rev)		 0.14 0.23 0.02 0.00 0.07 0.00 0.07 0.34 0.22 0.16 0.21
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.24 0.48 1.07
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.24 0.48 1.07
Financial Leverage		 -0.55 -0.59 -0.55 -0.56 -0.58 -0.69 -0.58 -0.54 -0.50 -0.55 -0.36
Leverage Ratio		 1.40 1.54 1.57 1.58 1.66 1.75 1.73 1.75 1.91 2.17 2.34
Compound Leverage Factor		 1.35 1.51 1.51 1.48 1.60 1.71 1.70 1.74 1.94 2.30 2.44
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.55% 19.17% 32.60% 51.73%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.55% 19.17% 32.60% 51.73%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 93.45% 80.83% 67.40% 48.27%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 -0.17 -0.26 -0.27
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.15 0.14 -0.05
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 -0.17 -0.26 -0.27
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.21 -0.31 -0.31
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.46 0.19 0.17 -0.06
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.21 -0.31 -0.31
Altman Z-Score		 0.47 -0.04 -0.43 -0.80 -1.11 -2.10 -3.04 -3.18 -4.66 -5.62 -8.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.60 4.37 3.97 4.10 3.39 2.94 3.21 2.55 2.37 2.02 1.59
Quick Ratio		 2.69 2.84 2.31 2.43 1.84 1.64 1.45 1.11 0.84 0.83 0.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 27 54 65 53 40 2.31 -1.56 1.96 -5.74 -6.15 9.04
Operating Cash Flow to CapEx		 -264.05% -389.45% -2,335.21% -1,194.64% -1,711.59% -1,071.25% -4,336.39% -1,193.96% -1,685.18% -376.32% -16,756.94%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.67 0.66 0.68 0.68 0.68 0.76 0.87 0.91 0.94 1.02 1.23
Accounts Receivable Turnover		 36.87 29.21 41.20 29.15 37.46 26.44 33.84 18.60 30.51 23.44 30.16
Inventory Turnover		 1.48 1.72 1.62 1.68 1.67 2.13 2.04 2.16 1.96 2.17 2.21
Fixed Asset Turnover		 5.31 6.32 6.38 6.00 6.14 8.64 9.37 9.36 9.79 10.76 11.18
Accounts Payable Turnover		 10.09 16.56 13.52 12.16 7.43 13.08 11.29 9.39 6.54 6.30 6.14
Days Sales Outstanding (DSO)		 9.90 12.49 8.86 12.52 9.74 13.81 10.79 19.63 11.97 15.57 12.10
Days Inventory Outstanding (DIO)		 246.05 212.62 224.70 216.75 218.16 171.07 178.97 169.05 186.62 168.46 165.47
Days Payable Outstanding (DPO)		 36.18 22.04 27.00 30.01 49.13 27.91 32.34 38.87 55.85 57.93 59.42
Cash Conversion Cycle (CCC)		 219.77 203.07 206.56 199.26 178.78 156.96 157.42 149.81 142.73 126.10 118.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 104 55 58 57 49 35 44 43 41 27 19
Invested Capital Turnover		 2.08 2.48 2.36 2.44 2.70 4.21 3.58 3.41 3.60 4.95 4.52
Increase / (Decrease) in Invested Capital		 -48 -94 -86 -67 -55 -20 -14 -14 -8.18 -8.36 -24
Enterprise Value (EV)		 36 57 5.63 -9.30 14 -11 12 58 35 24 29
Market Capitalization		 169 187 108 78 93 55 52 86 46 34 26
Book Value per Share		 $1.56 $1.21 $1.03 $0.92 $0.81 $12.82 $10.35 $8.86 $6.37 $4.37 $1.98
Tangible Book Value per Share		 $1.56 $1.21 $1.03 $0.92 $0.81 $12.82 $10.35 $8.86 $6.37 $4.37 $1.98
Total Capital		 236 185 160 144 127 102 83 76 64 53 34
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 12 17 17
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 12 17 17
Net Debt		 -132 -130 -102 -87 -79 -67 -39 -28 -11 -9.32 3.05
Capital Expenditures (CapEx)		 2.05 1.21 1.12 1.31 0.66 1.01 0.64 0.73 0.90 0.87 0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 52 34 36 38 31 19 28 24 23 15 9.57
Debt-free Net Working Capital (DFNWC)		 185 164 139 125 109 86 67 57 47 41 24
Net Working Capital (NWC)		 185 164 139 125 109 86 67 57 47 41 24
Net Nonoperating Expense (NNE)		 11 16 6.46 5.00 5.93 7.64 5.89 3.93 6.40 5.08 5.32
Net Nonoperating Obligations (NNO)		 -132 -130 -102 -87 -79 -67 -39 -28 -11 -9.32 3.05
Total Depreciation and Amortization (D&A)		 5.12 5.88 4.85 2.49 2.89 2.17 1.90 1.90 2.16 2.54 1.58
Debt-free, Cash-free Net Working Capital to Revenue		 19.54% 13.29% 15.24% 17.10% 14.97% 10.25% 15.50% 14.18% 14.27% 9.70% 6.71%
Debt-free Net Working Capital to Revenue		 69.30% 64.47% 57.95% 56.72% 53.16% 45.42% 36.89% 33.60% 29.03% 27.20% 16.80%
Net Working Capital to Revenue		 69.30% 64.47% 57.95% 56.72% 53.16% 45.42% 36.89% 33.60% 29.03% 27.20% 16.80%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($4.20) ($149.80) ($3.60) ($2.40) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37)
Adjusted Weighted Average Basic Shares Outstanding		 7.61M 379.18K 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M
Adjusted Diluted Earnings per Share		 ($4.20) ($149.80) ($3.60) ($2.40) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37)
Adjusted Weighted Average Diluted Shares Outstanding		 7.61M 379.18K 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($149.80) $0.00 $0.00 $0.00 ($3.27) $0.00 $0.00 $0.00 ($2.40) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.64M 7.76M 7.79M 7.89M 7.93M 8.00M 8.06M 8.15M 8.21M 8.71M 8.81M
Normalized Net Operating Profit after Tax (NOPAT)		 -20 -39 -20 -13 -15 -18 -16 -12 -13 -14 -14
Normalized NOPAT Margin		 -35.25% -54.84% -51.64% -26.10% -35.41% -32.29% -49.76% -29.15% -40.65% -29.60% -61.83%
Pre Tax Income Margin		 -54.92% -79.29% -68.89% -36.02% -49.05% -44.19% -67.91% -38.86% -61.39% -40.71% -92.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Allbirds (NASDAQ: BIRD) continues to face significant fundamental pressure. Over the last four years, the company has sharply reduced its revenue base, remains deeply unprofitable, and has relied on balance-sheet changes and financing activity to support liquidity. While operating losses have improved from the worst 2023 levels, Allbirds is still burning cash and carrying a much smaller asset base than it did a year ago.

  • Operating losses have improved versus 2024 and 2023. Q1 2026 operating loss was $22.0 million, better than Q1 2025’s $22.8 million and far better than the larger quarterly losses seen in 2024 and 2023.
  • Gross margin has shown some resilience. In Q1 2026, gross profit was $6.2 million on revenue of $22.3 million, implying a gross margin of about 27.8%, which is relatively stable compared with prior periods.
  • Cash balance remains positive. Allbirds ended Q1 2026 with $14.4 million in cash and equivalents, giving it some near-term operating flexibility.
  • Debt load is lower than it was in mid-2025. Long-term debt fell to $17.4 million in Q1 2026 from $23.5 million in Q2 2025 and $48.7 million in Q3 2024.
  • Restructuring charges have come down from earlier periods. Q1 2026 restructuring expense was $1.28 million, and it was $0 in some prior quarters, suggesting less ongoing restructuring burden than in 2024.
  • Revenue remains highly volatile. Quarterly revenue has moved from $57.2 million in Q3 2023 to $22.3 million in Q1 2026, with occasional seasonal rebounds, but the overall trend is clearly weaker.
  • Operating cash flow remains negative. Q1 2026 operating cash flow was negative $12.1 million, following negative $3.3 million in Q4 2025 and much larger outflows in earlier periods.
  • Inventory is still large relative to revenue. Inventory was $37.2 million in Q1 2026, which is high versus quarterly sales and could pressure working capital if demand softens.
  • Equity has been eroded by accumulated losses. Retained earnings were negative $582.5 million in Q1 2026, reflecting years of losses.
  • The company is still deeply unprofitable. Q1 2026 net loss was $20.7 million, and losses have remained in the roughly $15 million to $28 million range for many recent quarters.
  • Revenue has fallen sharply from historical levels. Quarterly revenue dropped from $71.9 million in Q4 2023 to $22.3 million in Q1 2026, showing a severe contraction in the business.
  • Cash burn is ongoing. Q1 2026 net change in cash and equivalents was negative $11.9 million, despite financing activity.
  • The balance sheet is much smaller than it was a year ago. Total assets declined to $84.7 million in Q1 2026 from $147.3 million in Q1 2025 and $380.1 million in Q3 2023.
  • Liabilities still consume a large share of assets. Total liabilities were $68.5 million in Q1 2026, leaving only $16.3 million of common equity.

Bottom line: Allbirds shows some signs of stabilization in losses and margins, but the bigger picture remains challenging. Revenue is down dramatically from prior years, profitability is nowhere near break-even, and cash generation is still negative. For retail investors, this remains a high-risk turnaround story rather than a fundamentally strong growth name.

07/28/26 08:19 PM ETAI Generated. May Contain Errors.

Allbirds Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Allbirds' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Allbirds' net income appears to be on an upward trend, with a most recent value of -$77.28 million in 2025, rising from -$14.53 million in 2019. The previous period was -$93.32 million in 2024. See Allbirds' forecast for analyst expectations on what's next for the company.

Allbirds' total operating income in 2025 was -$79.96 million, based on the following breakdown:
  • Total Gross Profit: $62.55 million
  • Total Operating Expenses: $142.51 million

Over the last 6 years, Allbirds' total revenue changed from $193.67 million in 2019 to $152.47 million in 2025, a change of -21.3%.

Allbirds' total liabilities were at $73.51 million at the end of 2025, a 15.7% decrease from 2024, and a 12.2% increase since 2020.

In the past 5 years, Allbirds' cash and equivalents has ranged from $26.69 million in 2025 to $288.58 million in 2021, and is currently $26.69 million as of their latest financial filing in 2025.

Over the last 6 years, Allbirds' book value per share changed from 0.00 in 2019 to 4.37 in 2025, a change of 437.3%.


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Financial statements for NASDAQ:BIRD last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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