Smartbird, Inc.

Listed Company

BIRDCIK 0001653909NasdaqEmerging GrowthApparel & Other Finishd Prods Of Fabrics & Similar MatlDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-77.30M

Total Assets

$109.42M

Equity

$35.91M

Shares Out

56.51M

Op. Cash Flow

$-55.10M

BIRD$2.68−77.55% · past yearDBEQ Basic

Daily closing prices

Business

Allbirds is a global lifestyle brand that designs and sells footwear and apparel made from naturally derived and recycled materials. The company offers a curated range of products for men and women, including shoes, tees, sweats, socks, and underwear, emphasizing sustainability and modern design. Allbirds operates as a public benefit corporation through a vertically integrated direct-to-consumer model combining ecommerce and physical retail, supplemented by third-party wholesale partnerships and international distributors. The company reaches customers primarily via its ecommerce platform and third-party marketplaces, with selective retail locations, and serves markets in the United States and over 90 countries internationally.

Summary from 10-K filed 2026-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	152	190	254	298	277
Cost of revenue	90	109	150	168	131
Gross profit	63	81	104	130	147
Selling, general, and administrative expense	92	133	174	167	122
Marketing expense	45	42	49	59	57
Impairment expense	4	2	—	—	—
Restructuring expense	562,000	2	7	782,000	0
Total operating expense	143	179	257	230	180
Loss from operations	−80	−98	−153	−100	−33
Net loss from sales of businesses	0	−432,000	−3	0	—
Interest (expense) income	−1	3	4	19,000	−178,000
Other income	4	3	−436,000	139,000	−12
Loss before provision for income taxes	−77	−91	−152	−100	−45
Income tax provision	−393,000	−2	−334,000	−1	−810,000
Net loss	−77	−93	−152	−101	−45
Net loss per share attributable to common stockholders, basic (in dollars per share)	−9.47	−11.87	−20.1	−0.68	−0.65
Net loss per share attributable to common stockholders, diluted (in dollars per share)	−9.47	−11.87	−20.1	−0.68	−0.65
Weighted average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	8	8	8	149	69
Weighted average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	8	8	8	149	69
Foreign currency translation gain (loss)	2	−2	276,000	−4	−1
Total comprehensive loss	−75	−96	−152	−106	−47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	27	67	130	167	289
Accounts receivable	7	6	8	9	11
Inventory	39	44	58	117	107
Prepaid expenses and other current assets	10	14	16	16	38
Total current assets	82	131	212	309	444
Property and equipmentnet	11	18	26	54	38
Operating lease right-of-use assets	13	38	67	91	75
Other assets	4	2	7	8	6
Total assets	109	189	313	462	488
Accounts payable	18	11	6	12	31
Accrued expenses and other current liabilities	14	19	23	23	46
Current lease liabilities	7	11	15	10	0
Deferred revenue	2	4	5	4	4
Total current liabilities	41	44	49	50	81
Noncurrent lease liabilities	15	43	79	96	0
Long-term debt	17	0	—	—	—
Other long-term liabilities	0	29,000	38,000	0	10
Total noncurrent liabilities	33	43	79	96	10
Total liabilities	74	87	127	146	91
Commitments and contingencies (Note 12)	—	—	—	—	—
Additional paid-in capital	602	592	580	559	534
Accumulated other comprehensive loss	−4	−6	−3	−4	666,000
Accumulated deficit	−562	−485	−391	−239	−137
Total stockholders equity	36	102	185	317	397
Total liabilities and stockholders equity	109	189	313	462	488

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	8	12	21	15	10
Amortization of debt issuance costs	482,000	8,000	49,000	49,000	49,000
Stock-based compensation	8	11	19	20	11
Inventory write-down	3	3	8	14	0
Loss on disposal of assets	391,000	0	—	—	—
Deferred taxes	65,000	912,000	−474,000	−898,000	252,000
Net loss from sales of businesses	0	459,000	3	0	—
Gift card breakage	−2	0	—	—	—
Accounts receivable	−643,000	2	1	2	−9
Inventory	3	7	48	−25	−48
Prepaid expenses and other current assets	4	2	−1	18	−12
Operating lease right-of-use assets and current and noncurrent lease liabilities	−8	−11	3	12	0
Accounts payable and accrued expenses	3	1	−7	−38	25
Other long-term liabilities	−29,000	−9,000	38,000	−10	5
Deferred revenue	−209,000	−472,000	569,000	−126,000	1
Net cash used in operating activities	−55	−64	−30	−91	−51
Purchase of property and equipment	−3	−4	−11	−31	−24
Proceeds from sales of businesses	390,000	4	2	0	—
Changes in security deposits	852,000	2	810,000	−929,000	−1
Net cash (used in) provided by investing activities	−2	2	−8	−32	−26
Proceeds from line of credit	19	0	—	—	—
Payments on line of credit	−2	0	—	—	—
Proceeds from the exercise of stock options	8,000	34,000	894,000	3	5
Taxes withheld and paid on employee stock awards	−4,000	−1,000	−581,000	−166,000	0
Payment of deferred financing costs	−3	0	—	—	—
Net cash provided by financing activities	16	287,000	640,000	4	238
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	882,000	−2	200,000	−2	−341,000
Net decrease in cash, cash equivalents, and restricted cash	−40	−63	−37	−121	161
Cash paid for interest	58,000	124,000	111,000	88,000	118,000
Purchase of property and equipment included in accrued liabilities	24,000	54,000	0	601,000	979,000
Stock-based compensation included in capitalized internal-use software	113,000	267,000	866,000	1	0

Filings

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Frequently asked questions

What is Smartbird, Inc.'s CIK number?

Smartbird, Inc.'s SEC CIK number is 0001653909 (1653909). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Smartbird, Inc.'s SEC filings?

All of Smartbird, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Smartbird, Inc. last report earnings?

Smartbird, Inc. (BIRD) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026081). This is Smartbird, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Smartbird, Inc.'s most recent earnings 8-K?

Smartbird, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001628280-26-026081. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Smartbird, Inc.'s latest earnings 8-K →
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