Allbirds, Inc.
- Open
- 4.28
- Day high
- 4.49
- Day low
- 4.01
- Prev close
- 4.28
- Volume
- 0
- Mkt cap
- $39M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- —
- P/S
- 0.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$495K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Allbirds, Inc. (BIRD) is a Consumer Cyclical company listed on NASDAQ. The stock is down 57% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Allbirds, Inc. (BIRD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BIRD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | $-2.31 | $-2.37 | -2.4% | $22M | -8.9% |
| Mar 31, 2026 | $-2.25 | $-2.34 | -4.0% | $48M | -15.3% |
| Nov 6, 2025 | $-2.64 | $-2.49 | +5.7% | $33M | -41.4% |
| Aug 7, 2025 | $-2.78 | $-1.92 | +30.9% | $40M | +2.8% |
| May 8, 2025 | $-3.85 | $-2.73 | +29.1% | $32M | -16.4% |
| Mar 11, 2025 | $-3.52 | $-3.23 | +8.2% | $56M | +86.3% |
| Mar 12, 2024 | $-4.40 | $-4.40 | +0.0% | $72M | +4.2% |
| Mar 9, 2023 | $-2.40 | $-3.00 | -25.0% | $84M | +75.7% |
| Feb 23, 2022 | $-1.80 | $-1.80 | +0.0% | $97M | +5.7% |
| Nov 30, 2021 | $-2.20 | $-5.00 | -127.3% | $63M | +43.7% |
| Mar 31, 2021 | — | $-2.13 | — | $50M | — |
BIRD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | Carlsten Nadia Catherinedirector, officer: Chief Executive Officer | Sell | 117,459 | $4.21 |
| Jun 23, 2026 | Carlsten Nadia Catherinedirector, officer: Chief Executive Officer | Grant | 1,532,379 | — |
| Jun 23, 2026 | Hughes Lily Yandirector | Grant | 125,000 | — |
| Jun 23, 2026 | Mitchell Annofficer: Chief Financial Officer | Grant | 766,190 | — |
| Mar 4, 2026 | Mitchell Annofficer: Chief Financial Officer | Sell | 2,200 | $2.70 |
| Mar 4, 2026 | Vernachio Josephdirector, officer: Chief Executive Officer | Sell | 4,413 | $2.69 |
| Dec 4, 2025 | Mitchell Annofficer: Chief Financial Officer | Sell | 1,837 | $4.87 |
| Dec 4, 2025 | Vernachio Josephdirector, officer: Chief Executive Officer | Sell | 4,384 | $4.87 |
| Nov 14, 2025 | Hughes Lily Yandirector | Grant | 22,222 | — |
| Sep 4, 2025 | Mitchell Annofficer: Chief Financial Officer | Sell | 2,188 | $6.37 |
| Sep 4, 2025 | Vernachio Josephdirector, officer: Chief Executive Officer | Sell | 3,666 | $6.37 |
| Jun 10, 2025 | Freeman Anndirector | Grant | 6,200 | — |
| Jun 10, 2025 | BOYCE RICHARD Wdirector | Grant | 6,200 | — |
| Jun 10, 2025 | Thanawala Ravidirector | Grant | 6,200 | — |
| Jun 10, 2025 | Zwillinger Josephdirector, 10 percent owner: | Grant | 6,200 | — |
Source: BIRD SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full BIRD insider & 13F page →Allbirds, Inc. company profile
Overview
Allbirds, Inc. (NASDAQ:BIRD) is a San Francisco-based sustainable footwear and apparel company founded in 2015 by Tim Brown and Joey Zwillinger. Originally incorporated as Bozz, Inc., the company went public in November 2021 during the height of the direct-to-consumer retail boom. Allbirds has positioned itself as a premium lifestyle brand focused on comfort, sustainability, and natural materials, with its signature wool-based sneakers becoming popular among environmentally conscious consumers. The company has undergone significant strategic transformation since 2022, including leadership changes, store closures, and a shift toward profitability after experiencing substantial losses in its early public years.
Business
Allbirds operates in the premium casual footwear and apparel market, competing in the broader sustainable fashion segment. The company's core business revolves around manufacturing and selling shoes and clothing made from natural and recycled materials, with sustainability as a central brand pillar. The company's product portfolio consists of two main segments. Footwear represents the primary revenue driver, accounting for approximately 80-85% of total sales based on recent earnings calls. This includes their flagship Tree Runner and Wool Runner sneakers made from eucalyptus tree fiber and merino wool respectively, along with running shoes, slip-ons, boat shoes, flats, and weather-resistant options. The apparel segment contributes roughly 15-20% of revenue and includes activewear, tops, bottoms, dresses, sweaters, underwear, and socks, all emphasizing natural materials and sustainable production methods. Allbirds differentiates itself through its use of innovative natural materials like merino wool, eucalyptus tree fiber, and sugarcane-based foam. The company has developed proprietary materials and manufacturing processes, including their recent launch of the M0.0NSHOT Zero, marketed as the world's first net-zero carbon shoe. Their products target affluent consumers aged 30-40 who prioritize comfort, style, and environmental responsibility, positioning the brand as "premium casual" rather than technical athletic wear.
Revenue model
Allbirds generates revenue primarily through direct product sales across three main channels. Their direct-to-consumer e-commerce platform serves as the primary sales channel, complemented by approximately 15-20 company-owned retail stores in major US cities following recent closures of underperforming locations. The company also operates a growing wholesale channel through partnerships with retailers like REI, Nordstrom, and Dick's Sporting Goods. Internationally, Allbirds has transitioned from direct operations to a distributor model in several regions including Canada, South Korea, Japan, and Australia/New Zealand. This shift reduces operational complexity while generating approximately 20% contribution margins from distributor relationships. The company expects international revenue of $30-35 million in 2025, down from previous direct operation levels but with improved profitability. Several factors significantly impact Allbirds' margins. Positive margin drivers include their premium pricing strategy with shoes typically retailing for $95-135, the shift to lower-cost manufacturing in Vietnam, and strategic sourcing initiatives that have reduced cost of goods. The company has also achieved over $20 million in SG&A cost reductions through store closures and operational streamlining. Margin pressures come from promotional activities needed to clear inventory, freight cost inflation affecting international shipping, and the inherent higher costs of sustainable materials and manufacturing processes. The company's gross margins have fluctuated significantly, ranging from 31% to 50% across recent quarters, reflecting both operational improvements and promotional impacts. Competition in the premium casual footwear space and broader consumer discretionary spending weakness also pressure pricing power and sales volumes.
Risks & safety
Allbirds presents a moderate margin of safety with reasonable liquidity but concerning profitability trends requiring careful monitoring. • Liquidity position: Strong current ratio of 3.2x with $39 million in cash and short-term investments as of Q1 2025, providing near-term solvency protection • Debt levels: Manageable debt-to-equity ratio of 0.53x, indicating moderate leverage without excessive financial risk • Cash burn: Significant concern with negative $28.5 million free cash flow in Q1 2025 and negative $68 million for full year 2024, creating urgency for profitability improvements • Operational losses: Persistent EBITDA losses of $22.8 million in Q1 2025, though management projects improvement toward break-even by 2025-2026 • Valuation metrics: Trading at 0.62x price-to-book ratio suggests potential asset value, though negative earnings make traditional P/E analysis irrelevant • Revenue trajectory: Concerning revenue decline from $298 million in 2022 to $190 million in 2024, though management expects growth resumption in Q4 2025 • Market capitalization: At approximately $69 million market cap versus $83 million in stockholders' equity, suggests market skepticism about turnaround prospects
Recent development
Allbirds has undergone substantial strategic transformation since 2022 following disappointing post-IPO performance. The company implemented a four-pillar restructuring strategy focused on product reignition, US distribution optimization, international market transitions, and cost efficiency improvements. Leadership and organizational changes marked a significant pivot, with co-founder Joey Zwillinger stepping down as CEO in 2024, replaced by Joe Vernachio, while Tim Brown transitioned to Chief Innovation Officer. The company also brought in new executives including CMO Kelly Olmstead and Chief Design Officer Adrian Nyman to revitalize brand positioning. Product strategy evolution has centered on returning to core franchises like the Tree Runner and Wool Runner while expanding into new categories. Recent launches include the successful Wool Runner 2, Canvas Piper, and Tree Glider, with over 10 new products planned for Fall 2025 and Spring 2026. The company introduced new subcategories including "Remix" using recycled materials, fully waterproof collections, and "Elevated" and "Relaxed" lines targeting professional and home comfort markets. Operational restructuring involved closing 15 underperforming US retail stores while transitioning international operations from direct management to distributor partnerships in Canada, South Korea, Japan, and Australia/New Zealand. This shift reduced operational complexity while maintaining market presence through local partners. Marketing transformation included launching the "Cards on the Table" campaign featuring Stanley Tucci, which generated 25 million Instagram views and over 1 million YouTube views. The company also developed the "Allbirds by Nature" brand narrative and partnered with OBB Media for premium digital content creation, shifting from traditional advertising to storytelling-focused brand building.
BIRD company profile · for informational purposes only — not investment advice.
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