Allbirds, Inc. (BIRD) Stock

Allbirds, Inc. (BIRD) is a Consumer Discretionary stock trading at $2.35 (as of 2026-08-25), with a market capitalization of $21.54M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Allbirds, Inc. designs and sells footwear and apparel for men and women, including various styles of shoes and items such as tops, bottoms, dresses, sweaters, underwear, and socks. Products are distributed through retail stores in the United States and internationally and via online channels.

Understand Allbirds, Inc.: how it makes money

Allbirds makes sustainable footwear (sneakers, running shoes, slip-ons) and apparel (socks, activewear, sweaters) for men and women, sold through its own DTC website, retail stores, and wholesale partners. The business is a DTC-first model that skews heavily toward shoes, where high customer-acquisition costs made the scaling equation very difficult to close.

Every dollar of revenue required a disproportionate spend on owned-channel marketing and retail infrastructure, and the 'sustainable' brand premium did not widen the gap between price and COGS enough to fund that spend at scale.

Business quality (Unprofitable): Unprofitable and shrinking. A ≈93% YoY revenue decline alongside a deeply negative operating margin signals the business has not yet found a viable unit-economics inflection point.

Bull case

  • Loss is a revenue-scale issue: The operating margin of -388% is a function of the near-zero revenue base in this quarter, meaning fixed channel and marketing costs dominate the P&L rather than variable unit costs. If DTC or wholesale volume stabilises, the same fixed-cost base would spread across more units and the margin trajectory could inflect.

Bear case

  • Unsustainable cash burn at scale: An operating margin of -388% means Allbirds loses roughly $3.88 in operating costs for every dollar of revenue, a rate that is not self-correcting without a major revenue inflection or cost restructuring that the current trajectory does not show.
Valuation — source: SEC EDGAR (first-party)
Price$2.35
Market Cap$21.54M
Price / Book0.96
Price / Sales0.20
FCF Yield-150.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$152.47M
Net Margin-50.7%
Revenue Growth (YoY)-93.1%
EPS Growth (YoY)-6.8%
Financial Health — source: SEC EDGAR
Altman Z-Score-7.59 (distress)
Piotroski F-Score2/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.8
Industry P/E (Apparel)15.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)4
Top Institutional HolderFMR LLC ($2.48M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryApparel
CEOJoe Vernachio
Employees542
CountryUS
IPO Date2021-11-03

Related Companies (Apparel; 8 comparable apparel companies)

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  • FIGS, Inc. (FIGS)
  • Carter's, Inc. (CRI)
  • G-III Apparel Group, Ltd. (GIII)
  • Columbia Sportswear Company (COLM)
  • J.Jill, Inc. (JILL)
  • Oxford Industries, Inc. (OXM)
BIRD earnings history · BIRD institutional & insider holders · BIRD KPIs & operating metrics · BIRD financials · BIRD investor presentations & press releases · BIRD SEC filings · BIRD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.