Allbirds Inc. Class A Common Stock (BIRD)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business bought at a sensible price. Here I see the opposite. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.8 million and net loss was $16.4 million, or $1.79 per diluted share. In fiscal Q1 2026, revenue was $22.3 million and net loss was $20.7 million. In fiscal Q3 2025, revenue was $33.0 million and net loss was $20.3 million. For FY2025, revenue was $152.5 million and net loss was $77.3 million; FY2024 revenue was $189.8 million and net loss was $93.3 million; FY2023 revenue was $254.1 million and net loss was $152.5 million. Revenue is falling, and the company has not earned a profit in the last four years, so FairStock assigns no Peter Lynch category. The footwear and apparel business has no obvious moat in these numbers; scale is shrinking. Financial health is poor: trailing free cash flow was negative $46.2 million, a negative 210.0% FCF yield, return on equity was negative 177.98%, and the Altman Z-score of negative 17.55 points to distress. The Piotroski F-score is only 3/9. At the 2026-10-13 close of $2.52, market cap was $22.0 million, P/B 1.32, P/E negative 0.25, and beta 2.62. A low price is not the same as cheap. Without stabilizing revenue and stopping the cash bleed, book value can erode and equity can be impaired. This does not meet my criteria for a sound value investment.

In plain English: Smartbird, formerly Allbirds, sells shoes and clothing. Sales are shrinking quickly, and the company is losing much more money than it brings in. The stock price is very low, but the business results are so weak that it is hard to call the shares cheap on any normal measure.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer