Allbirds (BIRD) AI Stock Analysis

• Market Cap: $25.05M
• Dividend Yield: N/A
• Average Volume (3M): 54.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: -21.98%
• EPS Growth: 35.39%
• Country: US
• Employees: 542
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): -2.49
• Shares Outstanding: 5,670,752
• 10 Day Avg. Volume: 79,182
• 30 Day Avg. Volume: 54,075
• PEG Ratio: 0.01
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 0.29
• P/FCF Ratio: -0.81
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 0.70
• Enterprise Value/Ebitda: -0.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $3.50 ▲(11.11% Upside)
• Action: Upgraded Date: 01/29/26
• Date: Action: Upgraded 01/29/26

Overall score is held down primarily by weak financial performance (revenue declines, large losses, and negative cash flow) and a bearish technical backdrop (below key moving averages with negative MACD). Earnings-call factors are mixed—cost and inventory discipline and improving EBITDA trends help, but margin pressure and liquidity/financing risk remain significant. Valuation provides limited support due to a negative P/E and no dividend yield.

Positive Factors

Sustainable brand & DTC model

Allbirds' sustainable-materials brand combined with a DTC-first distribution captures customer loyalty, higher gross retention, and first-party data. This durable positioning supports repeat purchases, marketing efficiency, and scalable online growth versus commodity competitors over the next several months.

Cost and inventory discipline

A 30% reduction in SG&A and a 25% inventory decline materially lower cash burn, reduce markdown risk, and free up working capital. These operational improvements create a more capital-efficient cost structure and extend runway to execute growth initiatives over the next 2–6 months.

Successful new product launches

New-product success (Wool Cruiser and waterproof line) demonstrates product-market fit and the ability to create franchise SKUs. Strong SKU-level demand supports higher sell-through, potential premium mix, and customer retention—key drivers for sustainable revenue recovery over a multi-month horizon.

Negative Factors

Deep negative margins

Very large negative margins indicate structural profitability shortfalls. Even with cost reductions, these losses erode equity and restrict reinvestment into product and marketing. Sustainable recovery requires persistent gross-margin and mix improvement alongside revenue growth.

Weak cash flow and low liquidity

Negative operating/free cash flow and a ~$24M cash balance create tangible liquidity pressure and narrow the company’s runway. Exploring capital raises signals potential dilution and limits capacity to invest in marketing, inventory, or wholesale expansion needed to restore durable growth.

Declining revenue and rising leverage

Falling revenues combined with increasing debt weaken financial flexibility and magnify refinancing risk. Sluggish core franchises mean recovery depends on higher volumes; with constrained balance-sheet capacity, the company may struggle to fund necessary investments without external capital.

Allbirds Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Allbirds generates revenue through direct-to-consumer sales via its e-commerce platform and physical retail stores. The company offers a diverse range of products, including shoes, apparel, and socks, which cater to a growing market of consumers seeking sustainable and comfortable footwear options. Key revenue streams include online sales, which account for a significant portion of its income, as well as revenues from its brick-and-mortar locations. Additionally, Allbirds has engaged in strategic partnerships and collaborations with other brands and organizations that share its sustainability ethos, enhancing its brand visibility and market reach. The company also focuses on brand loyalty and customer retention through initiatives like its membership program and sustainable practices, which further contribute to its earnings.

Allbirds Financial Statement Overview

Summary

Weak fundamentals: declining revenue (-5.86% TTM), very negative profitability (net margin -51.90%, EBIT margin -38.73%), and negative operating/free cash flow. Leverage is rising (debt-to-equity 0.83) with deeply negative ROE (-108.35%), despite a still-moderate equity ratio (43.30%).

Income Statement

Allbirds has experienced declining revenues with a negative revenue growth rate of -5.86% in the TTM period. The company also shows negative profitability metrics, with a net profit margin of -51.90% and an EBIT margin of -38.73%, indicating significant operational challenges. The gross profit margin of 38.77% is relatively stable but has decreased from previous years, reflecting pressure on cost management.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.83, which has increased over time, indicating rising leverage. The return on equity is negative at -108.35%, highlighting ongoing losses. The equity ratio stands at 43.30%, suggesting a reasonable level of equity financing relative to total assets, but the declining trend in equity is concerning.

Cash Flow

Allbirds' cash flow situation is challenging, with negative operating cash flow and free cash flow. The free cash flow growth rate improved slightly by 6.90% in the TTM period, but the operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio of 1.05 suggests some alignment between cash flow and reported earnings, but overall cash flow health remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	160.64M	189.76M	254.06M	297.77M	277.47M	219.30M
Gross Profit	62.27M	81.06M	104.23M	129.63M	146.66M	112.74M
EBITDA	-75.31M	-81.56M	-97.85M	-81.54M	-34.36M	-22.59M
Net Income	-83.38M	-93.32M	-152.46M	-101.35M	-45.37M	-25.86M
Balance Sheet
Total Assets	119.91M	188.88M	329.61M	484.23M	488.43M	244.04M
Cash, Cash Equivalents and Short-Term Investments	23.70M	66.73M	130.67M	167.77M	288.58M	126.55M
Total Debt	43.25M	53.67M	93.95M	105.85M	0.00	204.05M
Total Liabilities	67.98M	87.19M	144.28M	167.46M	91.42M	269.55M
Stockholders Equity	51.93M	101.69M	185.33M	316.77M	397.00M	-25.51M
Cash Flow
Free Cash Flow	-65.94M	-67.95M	-41.09M	-121.95M	-75.03M	-48.93M
Operating Cash Flow	-62.65M	-63.86M	-30.22M	-90.58M	-50.85M	-34.58M
Investing Cash Flow	-848.00K	2.12M	-7.71M	-32.29M	-25.64M	-16.28M
Financing Cash Flow	9.37M	287.00K	640.00K	3.58M	238.15M	102.19M

Allbirds Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BIRD, the sentiment is Negative. The current price of 3.15 is below the 20-day moving average (MA) of 3.51, below the 50-day MA of 3.95, and below the 200-day MA of 6.65, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 29.48 is Positive, neither overbought nor oversold. The STOCH value of 29.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BIRD.

Allbirds Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONON	79 Outperform	$15.63B	59.40	15.38%	―	38.94%	81.82%
ZUMZ	62 Neutral	$446.62M	53.85	2.79%	―	2.81%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
DLTH	49 Neutral	$85.94M	-2.62	-17.04%	―	-6.40%	11.65%
SFIX	49 Neutral	$467.01M	-15.53	-14.67%	―	-0.08%	73.05%
TLYS	48 Neutral	$42.36M	-1.22	-34.77%	―	-8.31%	36.10%
BIRD	45 Neutral	$25.05M	-0.30	-93.02%	―	-21.98%	35.39%

Allbirds Corporate Events

Allbirds to Close Remaining U.S. Full-Price Stores

On January 28, 2026, Allbirds announced that it will close its remaining full-price retail stores in the United States by the end of February 2026 as part of a turnaround strategy aimed at building a simpler and more profitable lifestyle footwear business. The company will retain two U.S. outlet locations and two full-price stores in London, reallocating resources toward e-commerce, wholesale partnerships and international distributorships that provide greater reach and operating leverage, signaling a deeper shift away from unprofitable brick-and-mortar operations to a more capital-efficient, digitally and wholesale-driven model for stakeholders.

The most recent analyst rating on (BIRD) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Allbirds stock, see the BIRD Stock Forecast page.