Allbirds, Inc.

Allbirds, Inc.

BIRD·NASDAQ

$6.22

-3.7%
TechnologySoftware - Infrastructure

Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. Allbirds, Inc. was incorporated in 2015 and is based in San Francisco, California.

At a Glance

Live Snapshot
Market Cap$50.75M
EPS-9.4700
P/E Ratio-0.43
Earnings Date05/14/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.4).

Valuation inputs: P/E -0.4, earnings yield N/A, momentum -3.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -2.2%, ROIC -99.5%).

Profitability stack: net margin -50.7%, ROE -2.2%, ROIC -99.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +67.2%, momentum -3.7%, net margin -50.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Allbirds, Inc. Market vs Earnings Trajectory

BIRD · NASDAQ

Loading price and EPS data...

Allbirds, Inc.

Allbirds, Inc. Fair Value Envelope

BIRD · NASDAQ

Our analysis suggests that BIRD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.22, this represents a potential HIDDEN relative to our calculated worth for Allbirds, Inc..

Intrinsic Value
Current Price: $6.22
3Y-31.0%
5Y+133.0%
10Y+314.0%
3Y-49.0%
5Y-30.0%
10Y-21.0%
3Y-24.0%
5Y+199.0%
10Y+432.0%
3Y-39.0%
5Y+59.0%
10Y-131250.0%
3Y-52.0%
5Y+19.0%
10Y+345.0%
3Y-77.0%
5Y-55.0%
10Y-29.0%
Allbirds, Inc.

Allbirds, Inc. Profit Bridge

BIRD · NASDAQ
Revenue152.47M
Cost of Goods Sold (97.92M)
Gross Profit54.55M
Operating Expenses (129.73M)
Operating Income-75.17M
Interest Expense (1.07M)
Other Income/Expense-1.72M
Pretax Income-76.89M
Income Tax (393.00K)
Net Income-77.28M
Net Income
-77.28M

Profitability Analysis

Gross Margin

35.8%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-49.3%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-50.7%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

35.78%
Gross Profit Margin
-16%
3Y-18.0%
5Y-30.0%
10Y-30.0%
-49.31%
Operating Profit Margin
-4%
3Y+46.0%
5Y+270.0%
10Y+960.0%
-50.69%
Net Profit Margin
3%
3Y+49.0%
5Y+330.0%
10Y+576.0%
-215.19%
Return on Equity
134%
3Y+573.0%
5Y-312.0%
10Y-235.0%
-70.63%
Return on Assets
43%
3Y+237.0%
5Y+567.0%
10Y+652.0%
-99.50%
Return on Invested Capital
58%
3Y+341.0%
5Y+647.0%
10Y+749.0%
BIRD

Allbirds, Inc. Cash Conversion Engine

BIRD · NASDAQ
Net Income-77.28M
Depreciation & Amortization8.02M
Stock-Based Compensation7.76M
Change in Working Capital500.00K
Others5.85M
Capital Expenditures-3.15M
Free Cash Flow-58.23M

Cash Flow Quality Analysis

FCF Conversion Rate

75.3%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-5.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+14.3%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$500.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Allbirds, Inc. Funding & Solvency Profile

BIRD · NASDAQ
Cash & Cash Equivalents26.69M
Net Receivables6.84M
Inventory38.88M
Other Current Assets9.71M
Total Current Assets82 M
Property, Plant & Equipment23.56M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets3.74M
Total Non-Current Assets27 M
Total Assets
109.42M

Financial Health Analysis

Current Ratio

2.02x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.05x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

41 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

75% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Allbirds, Inc. Street Expectations Map

BIRD · NASDAQ

Wall Street analysts project that BIRD stock may decline over the coming 12 months. The consensus 1-year price target stands at 3.50, with estimates ranging from a low of 1.00 to a high of 8.00.

Lowest Target
1.00
-83.92%
Consensus Target
3.50
-43.73%
Highest Target
8.00
28.62%

The consensus 1-year price target stands at 3.50, with estimates ranging from a low of 1.00 to a high of 8.00.

Analyst Consensus Analysis

Upside Potential

-43.7%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

200.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.34x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

Extreme uncertainty: Massive dispersion in price targets reflects fundamental disagreement on business trajectory. This could signal transformation, disruption, or complex valuation—requires deep sector expertise and contrarian mindset.

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Allbirds, Inc. Insider Positioning

BIRD · NASDAQ

During the last 12 months, insiders have sold $85K worth of BIRD shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

6.6K

17.80K

Net Activity

-18K

-$18K

6-9 Months

Bought

0

0.00

Sold

6.2K

30.28K

Net Activity

-30K

-$30K

9-12 Months

Bought

0

0.00

Sold

5.9K

37.29K

Net Activity

-37K

-$37K

Top Buyers

No buying activity

Top Sellers

1
VJ

Vernachio Joseph

Director, Officer: Chief Executive Officer

12.5K shares3 transactions

$57K

2
MA

Mitchell Ann

Officer: Chief Financial Officer

6.2K shares3 transactions

$29K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $85K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

BIRD has not reported any dividend yield values in the available annual periods.

 

bird Dividend History

BIRD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%