📊 BIRD Key Takeaways
Is Allbirds, Inc. (BIRD) a Good Investment?
Allbirds is experiencing severe operational distress with a -19.7% YoY revenue decline paired with operating losses (-$22.0M) that exceed total revenue, resulting in -$12.1M negative free cash flow. At current burn rates, the company will exhaust its cash position within approximately 12-14 months, creating an imminent solvency risk exacerbated by long-term debt of $17.4M against only $14.4M in cash.
Allbirds' fundamentals are weak, with revenue down 25.3% year over year and deeply negative operating and net margins, indicating the business is shrinking while remaining structurally unprofitable. Although liquidity is still adequate with a 2.37x current ratio and modest debt, persistent negative operating cash flow and a free cash flow margin of -51.6% raise serious concerns about how long the balance sheet can support ongoing losses without a meaningful turnaround.
Allbirds, Inc. Key Strengths (BIRD)
- Gross margin of 27.8% indicates underlying product unit economics remain acceptable for the apparel sector
- Current ratio of 1.59x provides near-term operational liquidity despite negative cash flow trajectory
- Minimal capital expenditure discipline ($72K) reduces cash burn from growth investments
- Liquidity remains acceptable, with $23.70M in cash and a 2.37x current ratio
- Leverage is not yet extreme, with debt/equity at 0.24x and limited long-term debt
- Gross margin of 42.7% suggests the product still carries some underlying gross profit potential if costs are controlled
BIRD Stock Risks: Allbirds, Inc. Investment Risks
- Revenue declining -19.7% YoY with no evidence of stabilization indicates structural demand loss or market share erosion
- Operating losses of -$22.0M on $22.3M revenue (operating margin -98.6%) demonstrates unsustainable cost structure requiring immediate restructuring
- Negative free cash flow of -$12.1M with depleting cash reserves ($14.4M) creates critical refinancing risk; debt exceeds cash position by $3.0M
- Quick ratio of 0.68x signals emerging liquidity stress; inability to service obligations without inventory liquidation
- Interest coverage of -205.7x indicates complete inability to service debt from operations
- Revenue contraction of 25.3% YoY points to weakening demand or execution issues
- Operating margin of -56.5% and net margin of -55.1% show severe ongoing unprofitability
- Negative operating cash flow of $51.81M and free cash flow of -$54.08M create material runway and dilution/refinancing risk
Key Metrics to Watch
- Quarterly revenue growth rate - stabilization is prerequisite for survival
- Operating cash flow trajectory - must return to positive within 2-3 quarters
- Cash balance and monthly burn rate - defines runway to liquidity crisis
- Operating expense reduction - critical to assess management's restructuring effectiveness
- Debt refinancing status - existing debt structure unsustainable given cash position
- Revenue stabilization and gross margin trend
- Operating cash burn and ending cash balance
Allbirds, Inc. (BIRD) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Allbirds, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
BIRD Profit Margin, ROE & Profitability Analysis
BIRD vs Consumer Sector: How Allbirds, Inc. Compares
How Allbirds, Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Allbirds, Inc. Stock Overvalued? BIRD Valuation Analysis 2026
Based on fundamental analysis, Allbirds, Inc. shows some fundamental concerns relative to the Consumer sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Allbirds, Inc. Balance Sheet: BIRD Debt, Cash & Liquidity
BIRD Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Allbirds, Inc.'s revenue has declined by 32% over the 5-year period, indicating business contraction. The most recent EPS of $-11.87 indicates the company is currently unprofitable.
BIRD Revenue Growth, EPS Growth & YoY Performance
BIRD Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $22.3M | -$20.7M | $-2.37 |
| Q3 2025 | $33.0M | -$20.3M | $-2.49 |
| Q2 2025 | $39.7M | -$15.5M | $-1.92 |
| Q1 2025 | $32.1M | -$21.9M | $-2.73 |
| Q3 2024 | $43.0M | -$21.2M | $-2.68 |
| Q2 2024 | $51.6M | -$19.1M | $-0.12 |
| Q1 2024 | $39.3M | -$27.3M | $-0.18 |
| Q3 2023 | $57.2M | -$25.2M | $-0.17 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Allbirds, Inc. Dividends, Buybacks & Capital Allocation
BIRD SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Allbirds, Inc. (CIK: 0001653909)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BIRD
What is the AI rating for BIRD?
Allbirds, Inc. (BIRD) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 90% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BIRD's key strengths?
Claude: Gross margin of 27.8% indicates underlying product unit economics remain acceptable for the apparel sector. Current ratio of 1.59x provides near-term operational liquidity despite negative cash flow trajectory. ChatGPT: Liquidity remains acceptable, with $23.70M in cash and a 2.37x current ratio. Leverage is not yet extreme, with debt/equity at 0.24x and limited long-term debt.
What are the risks of investing in BIRD?
Claude: Revenue declining -19.7% YoY with no evidence of stabilization indicates structural demand loss or market share erosion. Operating losses of -$22.0M on $22.3M revenue (operating margin -98.6%) demonstrates unsustainable cost structure requiring immediate restructuring. ChatGPT: Revenue contraction of 25.3% YoY points to weakening demand or execution issues. Operating margin of -56.5% and net margin of -55.1% show severe ongoing unprofitability.
What is BIRD's revenue and growth?
Allbirds, Inc. reported revenue of $22.3M.
Does BIRD pay dividends?
Allbirds, Inc. does not currently pay dividends.
Where can I find BIRD SEC filings?
Official SEC filings for Allbirds, Inc. (CIK: 0001653909) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BIRD's EPS?
Allbirds, Inc. has a diluted EPS of $-2.37.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BIRD's fundamental grade?
Based on our AI fundamental analysis in June 2026, Allbirds, Inc. has a D grade with 90% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BIRD stock overvalued or undervalued?
Valuation metrics for BIRD: ROE of -127.3% (sector avg: 18%), net margin of -92.9% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.
What is BIRD's AI grade for 2026?
Our dual AI analysis gives Allbirds, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BIRD's free cash flow?
Allbirds, Inc.'s operating cash flow is $-12.1M, with capital expenditures of $72.0K. FCF margin is -54.4%.
How does BIRD compare to other Consumer stocks?
Vs Consumer sector averages: Net margin -92.9% (avg: 8%), ROE -127.3% (avg: 18%), current ratio 1.59 (avg: 1.5).