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what it is
Allbirds sells shoes and basic clothing made from natural materials through its website, stores, and wholesale partners.
how it gets paid
Last year Allbirds made $190M in revenue. footwear was the main engine at $190M, or 70% of sales.
what just happened
Latest quarter revenue was just $1M, while EPS came in at -$7.13.
At a glance
C+ balance sheet — struggling to keep the lights on
-$11.87 fy2024 eps est
$190M fy2024 rev est
2.3 beta
~$25M market cap
xvary composite: 29/100 — weak
What they do
Allbirds sells shoes and basic clothing made from natural materials through its website, stores, and wholesale partners.
Allbirds has a brand people recognize for comfort and natural materials, and that still matters when you are selling basics. The company is small at just $190M in expected 2024 revenue and 542 employees, which means one good product can move the whole business. If you like the product, you can buy it from its site, its stores, or third-party sellers, so the brand meets you where you already shop.
How they make money
$190M
annual revenue
footwear
$190M
apparel
$190M
socks
$190M
underwear
$190M
other lifestyle products
$190M
The products that matter
core footwear business
Footwear
$152M · 80% of revenue
this is the business. at $152M and 80% of revenue, a 23% decline here overwhelms almost everything else you could say about the company.
the main revenue engine
secondary apparel line
Apparel & Other
$38M · 20% of revenue
this brought in $38M and fell 25%. in plain English: the backup plan is shrinking too.
not offsetting footwear
inventory and channel reset
Allbirds ReRun
store exit by feb 2026
it matters because management is closing all U.S. full-price stores by February 2026. for a smaller business, resale and digital clearance become part of how inventory gets monetized after the retail retreat.
turnaround tool
Key numbers
$11.87
2024 EPS est
That is the expected full-year loss per share, which is nearly 3 times the $4.01 stock price. You are buying losses, not earnings.
$34M
long-term debt
Debt equals 57% of capital and is larger than the roughly $25M market cap. In plain English, creditors matter more than shareholders right now.
5/100
price stability
This is a stock that barely holds still. A 5 out of 100 stability score means your share price can fall apart fast.
2.3
beta
Beta measures how violently a stock moves versus the market. At 2.3, Allbirds tends to swing more than twice as hard.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $34M (57% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for BIRD right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue was just $1M, while EPS came in at -$7.13.
The quarter looked distorted, and the reported n/a gross margin tells you the data set is messy. What is clear is that the business remains deeply unprofitable after a full-year EPS loss of $11.87 in 2024.
$1M
revenue
$7.13
eps
n/a
gross margin
the number that mattered
The key number is -$7.13 in quarterly EPS because it shows losses are still swallowing the business faster than the $4.01 stock price suggests.
source: company earnings report, 2026
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What could go wrong
the core risk is specific: allbirds is shrinking into an online-first model while revenue is already down 25.3%, net margin is -51.9%, and the store exit arrives by February 2026.
high
store closures cut costs but also remove distribution
allbirds is exiting all U.S. full-price stores by February 2026. if e-commerce does not replace that traffic, the guided $161M–$166M 2025 revenue base can keep sliding.
revenue risk
high
financing risk can overtake the brand story
a -51.9% net margin means the business is losing money fast relative to sales. on a $25M market cap with $34M of long-term debt, funding risk is not background noise.
balance sheet risk
med
the brand is tiny in a category ruled by scale
0.15% market share versus Nike at 44% is the contrast that matters. if customer acquisition gets more expensive, scale does not step in to save margins.
competitive risk
med
margin recovery is still a theory
gross margin is 38.8% versus a 46.3% historical average. if the channel shift mainly changes where sales happen instead of improving pricing, losses can persist after stores are gone.
profitability risk
this turnaround has to stabilize a $190M revenue base with a -51.9% net margin and 80% of sales tied to footwear. that's a narrow path.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
q4 and full-year 2025 earnings
management already guided to $161M–$166M in 2025 sales. the report needs to show where the final number lands and how much the reset cost you in practice.
trend
revenue after the store exit
q3 revenue was $39.5M, down 23.3% from a year ago. the next quarters will show whether digital demand is stabilizing or just inheriting the decline.
metric
gross margin recovery
38.8% gross margin versus a 46.3% historical average is the cleanest scorecard on the page. if that gap does not narrow, the turnaround math stays ugly.
risk
liquidity and financing
with $34M of long-term debt and a C+ balance sheet, any need for fresh capital would matter more than brand messaging.
Analyst rankings
risk profile
high risk
risk rank 5 — significant risk of large drawdowns.
chart momentum
average
momentum rank 3 — the stock is moving with the broader market, no unusual signal.
source: institutional data
Institutional activity
institutional ownership data for BIRD is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$4
current price
n/a
target midpoint · n/a from current
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