BIRD on Nasdaq

Smartbird, Inc.

Allbirds is a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, while treading lighter on our planet.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

$152.5MRevenue, fiscal 20252
-$77.3MNet income, fiscal 20252

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  • TickerBIRD on Nasdaq1
  • IndustryServices-Computer Processing & Data Preparation1
  • HeadquartersPalo Alto, California1
  • Business address425 Page Mill Rd, Suite 200, Palo Alto, Ca 943063
  • Filer category, Emerging growth company3
  • Legal formCorporation

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Allbirds is a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, while treading lighter on our planet.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.0%Gross margin2
-52.4%Operating margin2
-50.7%Net margin2
-19.7%Revenue growth, 20252
-215.2%Return on equity2
0.48×Debt to equity2
-$58.2MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue49¢$89.9M
  • Selling, general and admin51¢$92.5M
  • Income tax0¢$393.0K

Out of $152.5M in revenue.2 The company lost money this year.

Financial statements

Revenue56782$152.5M in 2025−21% since 2019
0$100.0M$200.0M$300.0M2019: $193.7M$193.7M20192020: $219.3M$219.3M2020+13%2021: $277.5M$277.5M2021+27%2022: $297.8M$297.8M2022+7%2023: $254.1M$254.1M2023−15%2024: $189.8M$189.8M2024−25%2025: $152.5M$152.5M2025−20%
Gross profit56782$62.6M in 2025−37% since 2019
0$50.0M$100.0M$150.0M2019: $98.8M$98.8M20192020: $112.7M$112.7M2020+14%2021: $146.7M$146.7M2021+30%2022: $129.6M$129.6M2022−12%2023: $104.2M$104.2M2023−20%2024: $81.1M$81.1M2024−22%2025: $62.6M$62.6M2025−23%
Operating income56782-$80.0M in 2025+787% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$9.0M-$9.0M20192020: -$29.2M-$29.2M2020+224%2021: -$32.9M-$32.9M2021+12%2022: -$100.3M-$100.3M2022+205%2023: -$153.0M-$153.0M2023+53%2024: -$97.6M-$97.6M2024−36%2025: -$80.0M-$80.0M2025−18%
Net income56782-$77.3M in 2025+432% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$14.5M-$14.5M20192020: -$25.9M-$25.9M2020+78%2021: -$45.4M-$45.4M2021+75%2022: -$101.4M-$101.4M2022+123%2023: -$152.5M-$152.5M2023+50%2024: -$93.3M-$93.3M2024−39%2025: -$77.3M-$77.3M2025−17%
Fiscal year20182019202020212022202320242025
Revenue$193.7M5$219.3M6$277.5M6$297.8M7$254.1M8$189.8M2$152.5M2
Cost of revenue$94.8M5$106.6M6$130.8M6$168.1M7$149.8M8$108.7M2$89.9M2
Gross profit$98.8M5$112.7M6$146.7M6$129.6M7$104.2M8$81.1M2$62.6M2
Selling, general and admin$63.5M5$86.7M6$122.2M6$166.7M7$174.0M8$133.4M2$92.5M2
Operating expenses$179.5M6$229.9M7$257.2M8$178.6M2$142.5M2
Operating income-$9.0M5-$29.2M6-$32.9M6-$100.3M7-$153.0M8-$97.6M2-$80.0M2
Interest$96.0K5$297.0K5$178.0K5
Income before tax-$44.6M6-$100.1M7-$152.1M8-$91.4M2-$76.9M2
Income tax$3.7M5-$4.1M6$810.0K6$1.2M7$334.0K8$1.9M2$393.0K2
Net income-$14.5M5-$25.9M6-$45.4M6-$101.4M7-$152.5M8-$93.3M2-$77.3M2
Earnings per share-$0.285-$0.496-$0.656-$0.687-$20.108-$11.872-$9.472
Earnings per share (diluted)-$0.285-$0.496-$0.656-$0.687-$20.108-$11.872-$9.472
Shares (weighted, basic)69.3M shares6148.8M shares77.6M shares87.9M shares28.2M shares2
Shares (weighted, diluted)69.3M shares6148.8M shares77.6M shares87.9M shares28.2M shares2

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Leadership

Who has led Smartbird, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph Zwillinger2021–2023
  2. Joseph Vernachio2024–now

Chief financial officer

  1. Michael J. Bufano2021–2023

Chief operating officer

  1. Joseph Vernachio2021–2024
2025
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAnn Mitchell named May 1, 202625
  • DirectorTimothy Brown named May 1, 202625

Former names

  • Allbirds, Inc.Mar 11, 2016 to Jun 15, 20263

Timeline

  1. Mar 19, 2024New chief executive Joseph Vernachio becomes CEO13
  2. Nov 2, 2021New chief executive Joseph Zwillinger becomes CEO14

Filings

316 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 52 major events, 113 insider forms, 44 large holders, 1 private raises, 86 other. The latest 20:

  1. Oct 5, 20264 FORM 4 BETH EDGAR
  2. Oct 5, 20264 FORM 4 DAN EDGAR
  3. Oct 5, 20263 EDGAR
  4. Oct 5, 20263 EDGAR
  5. Oct 2, 20264 TIM BROWN FORM 4 EDGAR
  6. Oct 1, 20268-K EDGAR
  7. Sep 22, 20264 EDGAR
  8. Sep 21, 20264 EDGAR
  9. Sep 18, 2026144 EDGAR
  10. Sep 18, 2026144 EDGAR
  11. Sep 3, 20264 EDGAR
  12. Sep 3, 20264 EDGAR
  13. Sep 2, 2026144 EDGAR
  14. Sep 2, 2026144 EDGAR
  15. Aug 27, 20264 EDGAR
  16. Aug 25, 2026144 EDGAR
  17. Aug 19, 20268-K EDGAR
  18. Aug 19, 202610-Q EDGAR
  19. Aug 17, 2026NT 10-Q EDGAR
  20. Aug 11, 2026ARS EDGAR

The 316 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

55 open-market trades by officers, directors and large owners since October 2021: 12 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 18, 2026BOYCE RICHARD WDirectorSale48,277$2.31$111.5KForm 4
Sep 18, 2026Mitchell AnnChief Financial OfficerSale19,508$2.30$44.9KForm 4
Sep 2, 2026Mitchell AnnChief Financial OfficerSale1,755$2.44$4.3KForm 4
Aug 25, 2026BOYCE RICHARD WDirectorSale9,200$2.38$21.9KForm 4
Jun 25, 2026Carlsten Nadia CatherineCEOSale117,459$4.21$494.5KForm 4
Jun 2, 2026Mitchell AnnChief Financial OfficerSale1,587$4.52$7.2KForm 4
Jun 2, 2026Vernachio JosephChief Executive OfficerSale3,359$4.47$15.0KForm 4
Mar 3, 2026Vernachio JosephChief Executive OfficerSale4,413$2.69$11.9KForm 4
Mar 3, 2026Mitchell AnnChief Financial OfficerSale2,200$2.70$5.9KForm 4
Dec 2, 2025Mitchell AnnChief Financial OfficerSale1,837$4.87$8.9KForm 4
Dec 2, 2025Vernachio JosephChief Executive OfficerSale4,384$4.87$21.4KForm 4
Sep 3, 2025Mitchell AnnChief Financial OfficerSale2,188$6.37$13.9KForm 4
Sep 3, 2025Vernachio JosephChief Executive OfficerSale3,666$6.37$23.4KForm 4
Jun 3, 2025Vernachio JosephChief Executive OfficerSale4,450$7.15$31.8KForm 4
Jun 3, 2025Mitchell AnnChief Financial OfficerSale2,146$7.12$15.3KForm 4
Mar 3, 2025Vernachio JosephChief Executive OfficerSale2,483$6.13$15.2KForm 4
Mar 3, 2025Mitchell AnnChief Financial OfficerSale1,876$6.13$11.5KForm 4
Dec 2, 2024Mitchell AnnChief Financial OfficerSale1,502$8.08$12.1KForm 4
Dec 2, 2024Vernachio JosephChief Executive OfficerSale2,532$8.19$20.7KForm 4
Nov 11, 2024Mitchell AnnChief Financial OfficerBuy600$8.16$4.9KForm 4

All 55 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 19, 2026Raised $3.2 million in a private offering of debt Form D: $50 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 42. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC720,365$2.9M0.0%−104,498
Vanguard Capital Management LLC214,233$856.9K0.0%+5,814
BlackRock, Inc.80,861$323.4K0.0%+5,884
Anson Funds Management LP64,304$257.2K0.0%New
Geode Capital Management, LLC61,165$244.7K0.0%−6,629
Vanguard Fiduciary Trust Co42,391$169.6K0.0%+13,891
UBS Group AG27,849$111.4K0.0%+21,637
Spark Investment Management LLC27,634$110.5K0.2%−30,000
Jpmorgan Chase & Co24,151$103.6K0.0%+24,147
Jane Street Group, LLC24,585$98.3K0.0%New
Aspiriant, LLC20,853$83.4K0.0%New
State Street Corp19,714$78.9K0.0%No change
Engineers Gate Manager LP18,228$72.9K0.0%New
Northern Trust Corp15,147$60.6K0.0%−5
Finley Financial, LLC10,000$40.0K0.0%No change
Rockefeller Capital Management L.P.4,039$16.2K0.0%No change
SBI Securities Co., Ltd.3,704$14.8K0.0%+412
Spire Wealth Management3,000$12.0K0.0%New
Morgan Stanley2,048$8.2K0.0%−1,419
Vanguard Global Advisers, LLC1,780$7.1K0.0%No change
Tower Research Capital LLC (TRC)1,709$6.8K0.0%+1,706
Farther Finance Advisors, LLC1,008$4.0K0.0%New
Osaic Holdings, Inc.578$2.3K0.0%+470
Royal Bank Of Canada488$2.0K0.0%−2,235
Caitong International Asset Management Co., Ltd441$1.8K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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