Allbirds (BIRD) AI Stock Analysis

• Market Cap: $89.74M
• Dividend Yield: N/A
• Average Volume (3M): 67.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: -23.63%
• EPS Growth: 41.36%
• Country: US
• Employees: 542
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Apparel - Retail
• EPS (TTM): -2.56
• Shares Outstanding: 5,601,113
• 10 Day Avg. Volume: 54,842
• 30 Day Avg. Volume: 67,292
• PEG Ratio: -0.16
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.34
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 0.12
• Enterprise Value/Gross Profit: 1.33
• Enterprise Value/Ebitda: -0.29
• 1Y Price Target: $9.50
• Price Target Upside: -13.79% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 57 Neutral
• Price Target: $11.00 ▼(-0.18%Downside)

Allbirds faces significant financial challenges with declining revenues and persistent losses. However, recent technical indicators and corporate events show positive momentum and strategic efforts to stabilize the business. Optimistic earnings guidance suggests potential for future improvement, but current valuation risks remain high.

Positive Factors

Restructuring and Growth Strategy

Management's multi-year, multi-part restructuring and turnaround efforts have Allbirds well-positioned to develop a business model to capitalize on its up-and-coming brand with sustainable, profitable sales growth.

Valuation and Market Position

Shares currently trade at a market cap/sales multiple of 0.4x, a discount to the peer average, indicating potential for valuation growth.

Negative Factors

Cash Flow Challenges

The company ended the quarter with $39.1M in cash down from $66.7M last quarter, and cash burn increased to $28.5M from $11.9M last quarter.

Sales Performance

Fundamentals remain highly challenged, with sales down 18% year-over-year and adj. EBITDA/margin down 58% and 500 bps year-over-year.

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 the sale of its footwear and apparel products directly to consumers via its e-commerce platform and physical retail stores. The company's revenue model centers on a direct-to-consumer approach that allows it to maintain control over the brand experience and customer interactions. Key revenue streams include online sales, which constitute a significant portion of its income, and sales from its retail locations in various countries. Allbirds also emphasizes sustainable production processes, which are integral to its brand identity and help attract environmentally conscious consumers. Additionally, collaborations and partnerships with like-minded brands can contribute to Allbirds' earnings by expanding its market reach and product offerings.

Allbirds Financial Statement Overview

Summary

Allbirds is facing financial difficulties with declining revenues, persistent losses, and increasing leverage. The negative net profit margins and cash flow issues indicate significant operational challenges.

Income Statement

Allbirds has faced declining revenues, with a revenue decrease from $297.8 million in 2022 to $189.8 million in 2024. The company has consistently reported negative net income, with a worsening net profit margin, currently at -49.2% for 2024. Despite a high gross profit margin of 42.7% in 2024, the EBIT and EBITDA margins are negative, indicating challenges in efficiently managing operating expenses.

Balance Sheet

The balance sheet shows a concerning trend with decreasing stockholders' equity, now at $101.7 million in 2024, down from $316.8 million in 2022. The debt-to-equity ratio has increased, currently standing at 0.53. This indicates rising leverage, though the company has managed to keep a positive equity ratio of 53.8%, reflecting some stability in asset management.

Cash Flow

Allbirds' cash flow statement reveals significant challenges, with a negative free cash flow of $-67.96 million in 2024. The operating cash flow to net income ratio is negative, suggesting inefficiencies in operational cash generation. The free cash flow has been consistently negative, indicating ongoing liquidity concerns.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	189.76M	254.06M	297.77M	277.47M	219.30M
Gross Profit	81.06M	104.23M	129.63M	146.66M	112.74M
EBITDA	-81.56M	-97.85M	-83.93M	-34.36M	-22.59M
Net Income	-93.32M	-152.46M	-101.35M	-45.37M	-25.86M
Balance Sheet
Total Assets	188.88M	312.70M	462.36M	488.43M	244.04M
Cash, Cash Equivalents and Short-Term Investments	66.73M	130.03M	167.14M	288.58M	126.55M
Total Debt	53.67M	93.95M	105.85M	0.00	204.05M
Total Liabilities	87.19M	127.38M	145.59M	91.42M	269.55M
Stockholders Equity	101.69M	185.33M	316.77M	397.00M	-25.51M
Cash Flow
Free Cash Flow	-67.95M	-41.09M	-121.95M	-75.03M	-48.93M
Operating Cash Flow	-63.86M	-30.22M	-90.58M	-50.85M	-34.58M
Investing Cash Flow	2.12M	-7.71M	-32.29M	-25.64M	-16.28M
Financing Cash Flow	287.00K	640.00K	3.58M	238.15M	102.19M

Allbirds Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BIRD, the sentiment is Neutral. The current price of 11.02 is below the 20-day moving average (MA) of 11.14, above the 50-day MA of 9.63, and above the 200-day MA of 7.77, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 57.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BIRD.

Allbirds Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONON	70 Neutral	$16.44B	70.25	15.84%	―	34.75%	60.65%
BIRD	57 Neutral	$89.74M	―	-72.29%	―	-23.63%	41.36%
Sector *	57 Neutral	HK$26.04B	4.09	-2.03%	5.50%	-0.23%	-68.02%
ZUMZ	56 Neutral	$263.54M	1,348.18	0.23%	―	3.01%	―
SFIX	56 Neutral	$658.96M	―	-27.37%	―	-8.48%	55.77%
TLYS	52 Neutral	$53.97M	―	-47.54%	―	-8.79%	-15.17%
DLTH	50 Neutral	$87.18M	―	-27.53%	―	-4.21%	-292.04%

Allbirds Corporate Events

Allbirds Secures $75M Credit Facility for Growth

On June 30, 2025, Allbirds announced a new $75 million credit facility with Second Avenue Capital Partners and a sales agreement with TD Securities to sell up to $50 million of Class A common stock. These financial strategies aim to enhance liquidity and support Allbirds’ growth plans, including new product launches and marketing initiatives. The company is focused on improving customer experience and maintaining financial discipline to drive long-term growth and shareholder value.

The most recent analyst rating on (BIRD) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Allbirds stock, see the BIRD Stock Forecast page.

Allbirds Elects New Director at Annual Meeting

On June 6, 2025, Allbirds, Inc. held its Annual Meeting of Stockholders where two major proposals were voted on. Ann Freeman was elected as a Class I director to serve until the 2028 Annual Meeting, and Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions are expected to impact the company’s governance and financial oversight positively.

The most recent analyst rating on (BIRD) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Allbirds stock, see the BIRD Stock Forecast page.