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Allbirds (BIRD) Financials

Allbirds logo
$1.11 -0.15 (-11.90%)
Closing price 11/12/2026 04:00 PM Eastern
Extended Trading
$1.22 +0.11 (+9.55%)
As of 04:48 AM 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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21 -16
Consolidated Net Income / (Loss)		 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21 -16
Net Income / (Loss) Continuing Operations		 -57 -27 -19 -21 -26 -22 -5.14 -20 -20 -21 -13
Total Pre-Tax Income 		-57 -27 -19 -21 -25 -22 -5.06 -20 -19 -21 -13
Total Operating Income		 -58 -30 -20 -22 -26 -23 -5.06 -20 -21 -22 -11
Total Gross Profit		 27 18 26 19 17 14 0.00 14 18 6.21 0.00
Total Revenue		 72 39 52 43 56 32 0.00 33 48 22 2.76
Operating Revenue		 72 39 52 43 56 32 0.00 33 48 22 2.76
Total Cost of Revenue		 45 21 26 24 38 18 0.00 19 30 16 2.76
Operating Cost of Revenue		 45 21 26 24 38 18 0.00 19 30 16 2.76
Total Operating Expenses		 85 48 46 41 43 37 5.06 34 38 28 11
Selling, General & Admin Expense		 42 40 34 31 29 25 5.06 22 21 19 11
Total Other Income / (Expense), net		 0.56 2.72 1.61 0.69 1.09 1.02 0.00 -0.37 1.31 1.37 -2.11
Interest Expense		 - - - - - - 0.00 - - - 1.46
Interest & Investment Income		 - 1.02 1.23 0.74 - 0.29 0.00 -0.37 -1.08 -0.84 0.08
Other Income / (Expense), net		 -0.55 1.70 0.38 -0.05 0.59 0.73 0.00 0.00 2.39 2.21 -0.73
Income Tax Expense		 -0.30 0.24 0.55 0.09 0.99 0.07 0.08 0.07 0.17 0.08 -0.03
Net Income / (Loss) Discontinued Operations		 - - - - - - -10 - - - -3.59
Basic Earnings per Share		 ($7.49) ($3.52) ($2.45) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37) ($1.79)
Weighted Average Basic Shares Outstanding		 7.58M 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M 9.16M
Weighted Average Diluted Shares Outstanding		 7.58M 7.77M 7.82M 7.90M 7.86M 8.02M 8.15M 8.17M 8.16M 8.74M 11.81M
Weighted Average Basic & Diluted Shares Outstanding		 155.19M 155.84M 157.74M 7.93M 8.00M 8.06M 8.15M 8.21M 8.71M 8.81M 11.81M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -2.45 -28 -15 -8.59 -12 -28 -5.91 -9.44 2.99 -12 23
Net Cash From Operating Activities		 -4.72 -26 -16 -11 -11 -28 -8.69 -15 -3.27 -12 -11
Net Cash From Continuing Operating Activities		 -4.72 -26 -16 -11 -11 -28 -8.69 -15 -3.67 -12 4.76
Net Income / (Loss) Continuing Operations		 -57 -27 -19 -21 -26 -22 -16 -20 -20 -21 1.86
Amortization Expense		 0.01 0.01 - - - 0.00 - 0.24 0.24 0.20 0.21
Non-Cash Adjustments To Reconcile Net Income		 31 5.44 2.69 2.73 5.56 1.05 3.34 2.73 5.62 3.81 -1.09
Changes in Operating Assets and Liabilities, net		 16 -9.17 -1.64 4.33 7.11 -8.96 1.57 0.20 7.76 3.27 5.16
Net Cash From Investing Activities		 1.02 -0.77 0.86 1.44 0.59 -0.21 -0.68 -0.54 -0.47 0.07 36
Net Cash From Continuing Investing Activities		 1.02 -0.77 0.86 1.44 0.59 -0.21 -0.68 -0.54 -0.47 0.07 -2.17
Purchase of Property, Plant & Equipment		 -1.21 -1.12 -1.31 -0.66 -1.01 -0.64 -0.73 -0.90 -0.87 -0.07 -2.69
Other Investing Activities, net		 0.05 0.05 1.12 0.98 0.05 0.04 0.05 0.36 0.40 0.14 0.52
Net Cash From Financing Activities		 0.25 0.03 0.15 - 0.10 0.00 2.15 7.11 6.81 0.07 -1.92
Net Cash From Continuing Financing Activities		 0.25 0.03 0.15 - 0.10 0.00 2.15 7.11 6.85 0.07 23
Repayment of Debt		 - - - - - 0.00 - -0.20 - -1.65 1.65
Issuance of Debt		 - - - - - 0.00 - 7.31 6.91 1.72 6.12
Other Financing Activities, net		 0.16 0.03 - - - 0.00 0.00 - - 0.00 0.06
Cash Interest Paid		 0.03 0.05 0.03 0.03 0.03 0.03 0.03 0.01 - 0.00 -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
Short-Term Investments		 - - - - - 0.00
Prepaid Expenses		 27 38 16 16 14 9.71
Other Current Nonoperating Assets		 - - - - - 46
Plant, Property, & Equipment, net		 23 38 54 26 18 11
Total Noncurrent Assets		 5.90 6.11 99 74 40 17
Noncurrent Note & Lease Receivables		 - - - - - 0.00
Other Noncurrent Operating Assets		 5.90 6.11 99 74 40 14
Other Noncurrent Nonoperating Assets		 - - - - - 2.41
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 0.55
Accrued Expenses		 31 46 23 23 19 1.23
Other Current Liabilities		 - 0.00 10 15 11 6.78
Other Current Nonoperating Liabilities		 - - - - - 32
Total Noncurrent Liabilities		 11 10 96 79 43 33
Long-Term Debt		 - - - - 0.00 0.00
Other Noncurrent Operating Liabilities		 11 10 96 79 43 15
Other Noncurrent Nonoperating Liabilities		 - - - - - 17
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
Accumulated Other Comprehensive Income / (Loss)		 1.96 0.67 -3.61 -3.34 -5.68 -3.87
Other Equity Adjustments		 - - - - - 0.00

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 Q2 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 6/30/2026
Total Assets		 380 272 239 222 147 137 120 85 46
Total Current Assets		 236 185 165 155 98 94 81 65 41
Cash & Equivalents		 132 102 87 79 39 33 24 14 37
Short-Term Investments		 - - - - - - - - 0.52
Prepaid Expenses		 18 17 14 14 11 11 9.03 8.78 2.53
Other Current Nonoperating Assets		 - - - - - - - - 0.53
Plant, Property, & Equipment, net		 48 22 21 19 17 15 14 8.95 0.00
Total Noncurrent Assets		 96 65 53 48 33 27 25 11 5.17
Noncurrent Note & Lease Receivables		 - - - - - - - - 2.15
Other Noncurrent Operating Assets		 96 65 53 48 33 27 25 11 3.02
Other Noncurrent Nonoperating Assets		 - - - - - - - - 0.00
Total Liabilities & Shareholders' Equity		 380 272 239 222 147 137 120 85 46
Total Liabilities		 144 112 95 95 64 65 68 68 24
Total Current Liabilities		 51 47 40 46 30 37 34 41 11
Accounts Payable		 13 13 9.97 18 5.56 12 12 23 0.52
Accrued Expenses		 20 15 15 13 14 14 11 10 7.86
Other Current Liabilities		 15 14 11 11 9.66 9.66 9.36 5.59 1.93
Other Current Nonoperating Liabilities		 - - - - - - - - 0.74
Total Noncurrent Liabilities		 92 65 55 49 34 29 34 28 13
Long-Term Debt		 - - - - - 5.00 12 17 8.19
Other Noncurrent Operating Liabilities		 92 65 55 49 34 24 22 10 4.35
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - 0.00
Commitments & Contingencies		 0.00 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 23
Total Preferred & Common Equity		 236 160 144 127 83 71 52 16 23
Total Common Equity		 236 160 144 127 83 71 52 16 23
Common Stock		 576 583 586 589 594 596 598 603 621
Retained Earnings		 -334 -419 -438 -459 -506 -522 -542 -583 -599
Treasury Stock		 - - - - - - - 0.00 0.00
Accumulated Other Comprehensive Income / (Loss)		 -5.05 -4.55 -4.86 -2.98 -4.99 -3.10 -3.76 -3.92 0.00

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 8,806,051.00
DEI Adjusted Shares Outstanding		 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 8,806,051.00
DEI Earnings Per Adjusted Shares Outstanding		 -7.43 -3.52 -2.46 -2.69 - -2.73 -1.92 -2.49 -2.38 -2.38 -1.86
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -14.48% -27.64% -26.81% -24.89% -22.42% -18.34% -23.06% -23.27% -14.64% -30.50% 0.00%
EBITDA Growth		 -136.14% 24.15% 29.95% 30.97% 56.02% 13.15% 21.44% 6.43% 31.37% 9.77% -121.64%
EBIT Growth		 -126.27% 21.37% 33.29% 32.94% 56.73% 21.38% 21.72% 8.94% 27.19% 10.40% -125.83%
NOPAT Growth		 -126.36% 16.45% 31.85% 27.54% 55.29% 23.42% 18.14% 8.71% 19.60% 3.59% -111.36%
Net Income Growth		 -128.33% 22.28% 33.88% 32.93% 54.78% 19.96% 18.98% 4.03% 23.73% 5.26% -5.60%
EPS Growth		 -128.33% 22.28% 33.88% 35.42% 56.34% 22.44% 21.63% 7.09% 26.61% 13.19% 0.00%
Operating Cash Flow Growth		 43.93% -25.29% -1,982.85% -107.43% -129.49% -6.42% 44.25% -35.68% 69.80% 56.73% -27.97%
Free Cash Flow Firm Growth		 191.46% 326.70% 2,155.72% 49.50% -95.73% -102.39% -96.31% -114.38% -366.65% 677.81% 327.56%
Invested Capital Growth		 -63.04% -59.74% -54.21% -53.11% -36.79% -24.78% -23.84% -16.78% -23.91% -55.85% -116.12%
Revenue Q/Q Growth		 25.76% -45.37% 31.16% -16.65% 29.90% -42.50% 23.58% -16.87% 44.53% -53.19% -87.64%
EBITDA Q/Q Growth		 -90.66% 55.54% 25.53% -9.36% -21.47% 12.22% 32.64% -30.26% 10.91% -15.42% 38.47%
EBIT Q/Q Growth		 -78.71% 51.69% 29.54% -10.23% -15.32% 12.22% 29.84% -28.22% 7.79% -8.02% 42.30%
NOPAT Q/Q Growth		 -91.73% 48.28% 32.27% -7.89% -18.31% 11.41% 27.61% -20.32% -4.20% -6.23% 51.41%
Net Income Q/Q Growth		 -79.83% 51.87% 30.00% -10.68% -21.25% 14.81% 29.14% -31.11% 3.65% -5.83% 21.01%
EPS Q/Q Growth		 -79.83% 51.87% 30.00% -9.39% -22.01% 16.51% 29.67% -29.69% 3.61% 1.25% 0.00%
Operating Cash Flow Q/Q Growth		 12.73% -454.64% 40.50% 27.98% 3.45% -157.20% 68.83% -75.26% 78.51% -268.51% 7.81%
Free Cash Flow Firm Q/Q Growth		 102.14% 21.23% -18.93% -24.74% -94.23% -167.84% 225.26% -393.12% -7.04% 247.01% 372.46%
Invested Capital Q/Q Growth		 -46.78% 5.22% -2.47% -14.15% -28.26% 25.22% -1.25% -6.19% -34.40% -27.35% -136.05%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 38.03% 46.93% 50.51% 44.36% 31.29% 44.84% 40.71% 43.17% 37.24% 27.81% 0.00%
EBITDA Margin		 -72.67% -59.14% -33.58% -44.06% -41.20% -62.90% -34.29% -53.73% -33.12% -81.66% -406.64%
Operating Margin		 -80.07% -75.80% -39.14% -50.66% -46.14% -71.09% -41.65% -60.28% -43.46% -98.62% -387.78%
EBIT Margin		 -80.83% -71.48% -38.40% -50.78% -45.08% -68.82% -39.07% -60.27% -38.45% -88.73% -414.32%
Profit (Net Income) Margin		 -78.87% -69.50% -37.09% -49.25% -45.97% -68.12% -39.06% -61.61% -41.07% -92.85% -593.51%
Tax Burden Percent		 99.48% 100.88% 102.97% 100.41% 104.03% 100.30% 100.53% 100.36% 100.90% 100.38% 127.82%
Interest Burden Percent		 98.09% 96.37% 93.80% 96.59% 98.03% 98.67% 99.45% 101.86% 105.87% 104.25% 112.07%
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)		 -138.97% -125.16% -66.77% -95.69% -135.82% -178.21% -99.53% -151.88% -150.72% -312.22% -2,177.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 -127.91% -119.89% -62.36% -90.07% -128.06% -169.85% -92.71% -137.65% -137.36% -282.69% -2,147.11%
Return on Net Nonoperating Assets (RNNOA)		 75.70% 65.66% 34.73% 52.28% 87.79% 98.62% 49.67% 69.11% 75.92% 102.72% 1,318.07%
Return on Equity (ROE)		 -63.26% -59.50% -32.03% -43.41% -48.03% -79.59% -49.86% -82.76% -74.80% -209.50% -859.87%
Cash Return on Invested Capital (CROIC)		 -12.46% -16.46% -32.32% -46.41% -106.24% -96.10% -94.65% -115.02% -154.73% -98.13% 0.00%
Operating Return on Assets (OROA)		 -52.99% -48.70% -26.20% -34.74% -34.11% -59.88% -35.44% -56.65% -39.31% -109.13% -658.76%
Return on Assets (ROA)		 -51.71% -47.35% -25.31% -33.69% -34.78% -59.26% -35.43% -57.91% -41.99% -114.21% -943.66%
Return on Common Equity (ROCE)		 -63.26% -59.50% -32.03% -43.41% -48.03% -79.59% -49.86% -82.76% -74.80% -209.50% -859.87%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -90.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -40 -21 -14 -15 -18 -16 -12 -14 -15 -15 -7.49
NOPAT Margin		 -56.05% -53.06% -27.40% -35.46% -32.30% -49.76% -29.15% -42.19% -30.42% -69.03% -271.45%
Net Nonoperating Expense Percent (NNEP)		 -11.06% -5.27% -4.40% -5.62% -7.76% -8.35% -6.82% -14.23% -13.36% -29.53% -30.82%
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% -24.38%
Cost of Revenue to Revenue		 61.97% 53.07% 49.49% 55.64% 68.71% 55.16% 59.29% 56.83% 62.76% 72.19% 100.00%
SG&A Expenses to Revenue		 57.69% 100.96% 65.05% 72.02% 52.20% 78.51% 60.87% 65.71% 44.97% 84.21% 387.78%
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		 118.09% 122.73% 89.65% 95.03% 77.44% 115.93% 82.35% 103.45% 80.70% 126.43% 387.78%
Earnings before Interest and Taxes (EBIT)		 -58 -28 -20 -22 -25 -22 -16 -20 -18 -20 -11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -52 -23 -17 -19 -23 -20 -14 -18 -16 -18 -11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.01 0.67 0.54 0.73 0.54 0.62 1.20 0.89 0.94 1.61 1.56
Price to Tangible Book Value (P/TBV)		 1.01 0.67 0.54 0.73 0.54 0.62 1.20 0.89 0.94 1.61 1.56
Price to Revenue (P/Rev)		 0.74 0.45 0.35 0.45 0.29 0.28 0.50 0.29 0.22 0.18 0.24
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)		 1.03 0.10 0.00 0.30 0.00 0.29 1.33 0.86 0.92 1.51 0.00
Enterprise Value to Revenue (EV/Rev)		 0.23 0.02 0.00 0.07 0.00 0.07 0.34 0.22 0.16 0.21 0.04
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 0.07 0.24 0.48 1.07 0.36
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.24 0.48 1.07 0.36
Financial Leverage		 -0.59 -0.55 -0.56 -0.58 -0.69 -0.58 -0.54 -0.50 -0.55 -0.36 -0.61
Leverage Ratio		 1.54 1.57 1.58 1.66 1.75 1.73 1.75 1.91 2.17 2.34 1.95
Compound Leverage Factor		 1.51 1.51 1.48 1.60 1.71 1.70 1.74 1.94 2.30 2.44 2.18
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.55% 19.17% 32.60% 51.73% 26.66%
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% 6.55% 19.17% 32.60% 51.73% 26.66%
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% 93.45% 80.83% 67.40% 48.27% 73.34%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 -0.17 -0.26 -0.27 -0.10
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.15 0.14 -0.05 0.38
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 -0.17 -0.26 -0.27 -0.10
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.21 -0.31 -0.31 -0.14
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.46 0.19 0.17 -0.06 0.50
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.21 -0.31 -0.31 -0.14
Altman Z-Score		 -0.04 -0.43 -0.80 -1.11 -2.10 -3.04 -3.18 -4.66 -5.62 -8.14 -14.17
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		 4.37 3.97 4.10 3.39 2.94 3.21 2.55 2.37 2.02 1.59 3.70
Quick Ratio		 2.84 2.31 2.43 1.84 1.64 1.45 1.11 0.84 0.83 0.46 3.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 54 65 53 40 2.31 -1.56 1.96 -5.74 -6.15 9.04 43
Operating Cash Flow to CapEx		 -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% -414.11%
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 29.28
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 -7.63
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 -9.47
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.66 0.68 0.68 0.68 0.76 0.87 0.91 0.94 1.02 1.23 1.59
Accounts Receivable Turnover		 29.21 41.20 29.15 37.46 26.44 33.84 18.60 30.51 23.44 30.16 0.00
Inventory Turnover		 1.72 1.62 1.68 1.67 2.13 2.04 2.16 1.96 2.17 2.21 0.00
Fixed Asset Turnover		 6.32 6.38 6.00 6.14 8.64 9.37 9.36 9.79 10.76 11.18 0.00
Accounts Payable Turnover		 16.56 13.52 12.16 7.43 13.08 11.29 9.39 6.54 6.30 6.14 14.45
Days Sales Outstanding (DSO)		 12.49 8.86 12.52 9.74 13.81 10.79 19.63 11.97 15.57 12.10 0.00
Days Inventory Outstanding (DIO)		 212.62 224.70 216.75 218.16 171.07 178.97 169.05 186.62 168.46 165.47 0.00
Days Payable Outstanding (DPO)		 22.04 27.00 30.01 49.13 27.91 32.34 38.87 55.85 57.93 59.42 25.26
Cash Conversion Cycle (CCC)		 203.07 206.56 199.26 178.78 156.96 157.42 149.81 142.73 126.10 118.16 -25.26
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 55 58 57 49 35 44 43 41 27 19 -6.97
Invested Capital Turnover		 2.48 2.36 2.44 2.70 4.21 3.58 3.41 3.60 4.95 4.52 8.02
Increase / (Decrease) in Invested Capital		 -94 -86 -67 -55 -20 -14 -14 -8.18 -8.36 -24 -50
Enterprise Value (EV)		 57 5.63 -9.30 14 -11 12 58 35 24 29 5.52
Market Capitalization		 187 108 78 93 55 52 86 46 34 26 35
Book Value per Share		 $1.21 $1.03 $0.92 $0.81 $12.82 $10.35 $8.86 $6.37 $4.37 $1.98 $2.56
Tangible Book Value per Share		 $1.21 $1.03 $0.92 $0.81 $12.82 $10.35 $8.86 $6.37 $4.37 $1.98 $2.56
Total Capital		 185 160 144 127 102 83 76 64 53 34 31
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 5.00 12 17 17 8.19
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 5.00 12 17 17 8.19
Net Debt		 -130 -102 -87 -79 -67 -39 -28 -11 -9.32 3.05 -30
Capital Expenditures (CapEx)		 1.21 1.12 1.31 0.66 1.01 0.64 0.73 0.90 0.87 0.07 2.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 34 36 38 31 19 28 24 23 15 9.57 -8.01
Debt-free Net Working Capital (DFNWC)		 164 139 125 109 86 67 57 47 41 24 30
Net Working Capital (NWC)		 164 139 125 109 86 67 57 47 41 24 30
Net Nonoperating Expense (NNE)		 16 6.46 5.00 5.93 7.64 5.89 3.93 6.40 5.08 5.32 8.88
Net Nonoperating Obligations (NNO)		 -130 -102 -87 -79 -67 -39 -28 -11 -9.32 3.05 -29
Total Depreciation and Amortization (D&A)		 5.88 4.85 2.49 2.89 2.17 1.90 1.90 2.16 2.54 1.58 0.21
Debt-free, Cash-free Net Working Capital to Revenue		 13.29% 15.24% 17.10% 14.97% 10.25% 15.50% 14.18% 14.27% 9.70% 6.71% -5.50%
Debt-free Net Working Capital to Revenue		 64.47% 57.95% 56.72% 53.16% 45.42% 36.89% 33.60% 29.03% 27.20% 16.80% 20.55%
Net Working Capital to Revenue		 64.47% 57.95% 56.72% 53.16% 45.42% 36.89% 33.60% 29.03% 27.20% 16.80% 20.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($149.80) ($3.60) ($2.40) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37) ($1.79)
Adjusted Weighted Average Basic Shares Outstanding		 379.18K 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M 9.16M
Adjusted Diluted Earnings per Share		 ($149.80) ($3.60) ($2.40) ($2.68) ($3.27) ($2.73) ($1.92) ($2.49) ($2.40) ($2.37) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 379.18K 7.77M 7.82M 7.90M 7.86M 8.02M 8.09M 8.17M 8.16M 8.74M 11.81M
Adjusted Basic & Diluted Earnings per Share		 ($149.80) $0.00 $0.00 $0.00 ($3.27) $0.00 $0.00 $0.00 ($2.40) $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.76M 7.79M 7.89M 7.93M 8.00M 8.06M 8.15M 8.21M 8.71M 8.81M 11.81M
Normalized Net Operating Profit after Tax (NOPAT)		 -39 -20 -13 -15 -18 -16 -12 -13 -14 -14 -7.49
Normalized NOPAT Margin		 -54.84% -51.64% -26.10% -35.41% -32.29% -49.76% -29.15% -40.65% -29.60% -61.83% -271.45%
Pre Tax Income Margin		 -79.29% -68.89% -36.02% -49.05% -44.19% -67.91% -38.86% -61.39% -40.71% -92.50% -464.32%
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 -7.84
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5.13
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 -9.68
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 -6.98
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’ financial statements show a business that has dramatically reduced its cost structure, but revenue deterioration and continued losses remain the central concerns for investors. The company’s reported name appears as “Smartbird, Inc.” in the Q2 2026 filing, while earlier filings identify Allbirds, Inc.; investors should verify the company’s corporate and reporting status before relying on the latest figures.

  • Lower operating expenses: Total operating expenses declined from $85.0 million in Q4 2023 to $38.5 million in Q4 2025, $28.2 million in Q1 2026 and $10.7 million in Q2 2026. This suggests significant restructuring and cost-cutting progress.
  • Smaller quarterly losses than in prior periods: Consolidated net losses improved from $56.8 million in Q4 2023 and $27.3 million in Q1 2024 to $20.7 million in Q1 2026 and $16.4 million in Q2 2026. Q2’s loss included a $3.6 million loss from discontinued operations.
  • Debt reduction: Long-term debt fell from $17.4 million at the end of Q1 2026 to $8.2 million at the end of Q2. Lower debt could reduce future interest and refinancing pressure.
  • Improved continuing-operations cash flow in Q2: Cash flow from continuing operating activities was positive at $4.8 million in Q2 2026, compared with negative cash flow of $12.1 million in Q1 and $15.2 million in Q3 2025.
  • Lower capital spending: Quarterly purchases of property and equipment declined from $2.1 million in Q3 2023 and $1.3 million in Q2 2024 to $72,000 in Q1 2026. This may help preserve cash while the company restructures.
  • Cash balance temporarily improved: Cash and equivalents increased to $37.4 million at June 30, 2026, from $14.4 million at March 31. However, the $23.0 million quarterly increase in cash does not appear to be driven solely by operating performance, and the cash-flow statement contains inconsistencies between continuing and total activity.
  • Current liquidity appears adequate on the reported balance sheet: Q2 current assets of $40.9 million exceeded current liabilities of $11.1 million. Still, the sharp decline in total assets from $84.7 million in Q1 to $46.1 million in Q2 makes the balance-sheet trend difficult to interpret without additional filing detail.
  • Revenue has collapsed: Quarterly revenue fell from $72.0 million in Q4 2023 to $55.9 million in Q4 2024, $22.3 million in Q1 2026 and just $2.8 million in Q2 2026. Q2 revenue was approximately 88% below Q1’s level.
  • Q2 2026 reported no gross profit: Revenue and cost of revenue were both reported at $2.8 million, producing zero gross profit. This implies a 0% gross margin and raises questions about the nature of the quarter’s operations, discontinued activities or reporting changes.
  • Persistent cash burn and accumulated losses: Total operating cash flow remained negative at $11.1 million in Q2 2026 despite positive cash flow from continuing operations. Retained earnings were negative $598.9 million, while total equity had fallen to $22.5 million from $127.3 million in Q3 2024.

Over the broader period, Allbirds’ revenue trend has been consistently negative. Revenue was $57.2 million in Q3 2023 and $72.0 million in Q4 2023, but declined to $51.6 million in Q2 2024, $33.0 million in Q3 2025 and $22.3 million in Q1 2026. The sharp Q2 2026 decline is substantially worse than the earlier deterioration.

Profitability has not yet recovered. Gross margins were generally in the mid-30% to mid-40% range during 2023 through 2025, but operating expenses consistently exceeded gross profit. Although management appears to have reduced selling, general and administrative costs, marketing spending and other expenses, the Q2 2026 revenue base was too small to support meaningful operating profitability.

The balance sheet has also contracted substantially. Cash declined from $132.5 million in Q3 2023 to $37.4 million in Q2 2026, while total assets fell from $380.1 million to $46.1 million over the same comparison. Equity declined from $236.4 million to $22.5 million, reflecting the company’s cumulative losses. The reduction in debt is favorable, but it has occurred alongside a much smaller asset base and continued operating uncertainty.

Investors should also treat the latest figures cautiously. The Q2 2026 cash-flow statement reports positive continuing-operations cash flow but negative total operating cash flow, while reported investing, financing and net-cash figures do not reconcile cleanly with the displayed subtotals. The Q2 2025 and Q1 2025 income statements were also marked as restated. These factors make the latest quarter difficult to compare directly with prior periods.

Overall, the financial trend remains high risk. Expense reductions, lower debt and positive continuing-operations cash flow are constructive developments, but they are outweighed by the collapse in revenue, repeated net losses, shrinking equity base and questionable comparability of the Q2 2026 data. The key issue for Allbirds is whether it can stabilize sales before its remaining cash and equity cushion are exhausted.

11/13/26 05:09 AM 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 a downward trend, with a most recent value of -$77.28 million in 2025, falling from -$14.53 million in 2019. The previous period was -$93.32 million in 2024. Find out what analysts predict for Allbirds in the coming months.

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%.

In the past 11 quarters, Allbirds' cash and equivalents has ranged from $14.40 million in Q1 2026 to $132.48 million in Q3 2023, and is currently $37.38 million as of their latest financial filing in Q2 2026.

Allbirds had total debt of $17.37 million at the end of 2025, compared with none in 2024, and none in 2019.

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 8/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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