7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 7.0% per year over the past 5 years.
Operating margin has contracted, at -52.4% in the latest year.
Financial health
The company holds more cash ($27M) than total debt ($17M).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$152M
-$77M
41.0%
-52.4%
-215.2%
-70.6%
-$58M
$17M
$27M
2024
$190M
-$93M
42.7%
-51.4%
-91.8%
-49.4%
-$68M
$0
$67M
2023
$254M
-$152M
41.0%
-60.2%
-82.3%
-48.8%
-$41M
—
$130M
2022
$298M
-$101M
43.5%
-33.7%
-32.0%
-21.9%
-$122M
—
$167M
2021
$277M
-$45M
52.9%
-11.8%
-11.4%
-9.3%
-$75M
—
$289M
2020
$219M
-$26M
51.4%
-13.3%
101.4%
-10.6%
-$49M
—
$127M
2019
$194M
-$15M
51.0%
-4.7%
159.3%
—
-$13M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$3M
-$16M
0.0%
-387.8%
-72.7%
-35.5%
—
—
$37M
Mar '26
$22M
-$21M
27.8%
-98.6%
-127.3%
-24.5%
—
$17M
$14M
Dec '25
$48M
-$20M
37.2%
-43.5%
-54.5%
-17.9%
—
$17M
$27M
Sep '25
$33M
-$20M
43.2%
-60.3%
-39.1%
-16.9%
—
$12M
$24M
Jun '25
$0
-$16M
—
—
-21.7%
-11.3%
—
$5M
$33M
Mar '25
$32M
-$22M
44.8%
-71.1%
-26.4%
-14.9%
—
—
$39M
Dec '24
$56M
-$26M
31.3%
-46.1%
-25.3%
-13.6%
—
$0
$67M
Sep '24
$43M
-$21M
44.4%
-50.7%
-16.6%
-9.5%
—
—
$79M
Jun '24
$52M
-$19M
50.5%
-39.1%
-13.3%
-8.0%
—
—
$87M
Mar '24
$39M
-$27M
46.9%
-75.8%
-17.1%
-10.0%
—
—
$102M
Dec '23
$72M
-$57M
38.0%
-80.1%
-30.6%
-18.2%
—
—
$130M
Sep '23
$57M
-$32M
43.5%
-52.5%
-13.4%
-8.3%
—
—
$132M
Jun '23
$70M
-$29M
42.8%
-42.0%
-11.0%
-7.1%
—
—
$140M
Mar '23
$54M
-$35M
40.1%
-65.6%
-12.2%
-8.2%
—
—
$143M
Dec '22
$84M
-$25M
43.1%
-30.2%
-7.8%
-5.4%
—
—
$167M
Sep '22
$73M
-$25M
44.8%
-35.1%
-7.6%
-6.1%
—
—
$181M
Jun '22
$78M
-$29M
36.1%
-37.5%
-8.3%
-6.9%
—
—
$207M
Mar '22
$63M
-$22M
51.9%
-31.8%
-5.8%
-4.8%
—
—
$240M
Dec '21
$97M
-$10M
50.2%
-6.6%
-2.6%
-2.1%
—
—
$289M
Sep '21
$63M
-$14M
54.1%
-18.9%
28.0%
-5.5%
—
—
$65M
Valuation over time
How the market has priced BIRD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.1× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is BIRD growing its revenue and profit?
Over the past 5 years, Allbirds, Inc.'s revenue has declined 7.0% per year. These are computed facts, not advice.
How much debt does BIRD have?
As of FY2025, Allbirds, Inc. reported $17M of total debt against $27M of cash.
What is BIRD's profit margin?
In FY2025, gross margin was 41.0%, operating margin -52.4%, and net margin -50.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.