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Smartbird Inc
(NASDAQ:BIRD)
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Rating:50Neutral
Price Target:
$3.00
▲(26.58% Upside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance (shrinking revenue, deep losses, and ongoing cash burn with reduced equity cushion). Technicals are a partial offset with strong trend strength, though momentum is overextended (high RSI). Valuation is mixed due to negative earnings and a high yield likely driven by a special dividend, while corporate events provide incremental support from the asset-sale dividend and strategic pivot but add execution risk.
Positive Factors
Strategic AI infrastructure pivot
The transition toward managed enterprise AI infrastructure gives the company a defined growth strategy beyond its declining retail business. Its focus on tailored, vendor-agnostic deployments for complex workloads could support differentiation if management converts customer demand into contracted capacity and repeat operating expertise.
Negative Factors
Sharp revenue contraction
The pronounced decline in revenue signals weakening demand and materially reduces the scale available to absorb fixed operating costs. Continued contraction would make it harder to fund product development, maintain market presence, or achieve profitability, leaving the company dependent on a successful transition to its new business.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic AI infrastructure pivot
The transition toward managed enterprise AI infrastructure gives the company a defined growth strategy beyond its declining retail business. Its focus on tailored, vendor-agnostic deployments for complex workloads could support differentiation if management converts customer demand into contracted capacity and repeat operating expertise.
Read all positive factors
Smartbird Inc Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Allbirds is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Allbirds is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlySmartbird Inc (BIRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.60M
Dividend Yield10.58%
Average Volume (3M)474.59K
Price to Earnings (P/E)―
Beta (1Y)4.32
Revenue Growth-38.03%
EPS Growth18.52%
CountryUS
Employees362
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-9.02
Shares Outstanding9,315,794
10 Day Avg. Volume908,597
30 Day Avg. Volume474,589
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.93
Price to Sales (P/S)0.22
P/FCF Ratio-0.57
Enterprise Value/Market Cap0.36
Enterprise Value/Revenue0.12
Enterprise Value/Gross Profit0.34
Enterprise Value/Ebitda-0.20
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-5.31
Revenue Forecast (FY)$125.00M
Smartbird Inc Business Overview & Revenue Model
Company Description
Smartbird, Inc. is a global lifestyle brand that innovates with naturally derived materials to make footwear and apparel products in a better way, while treading lighter on the planet. It offers Men's Shoes, Women's Shoes, Men's Apparel, Women's A...
How the Company Makes Money
Allbirds makes money primarily by selling branded footwear and, to a lesser extent, apparel and accessories. Its core revenue streams are: (1) Direct-to-consumer (DTC) sales through its e-commerce websites, where Allbirds sells products at full re...
Smartbird Inc Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted successful new product launches and effective cost and inventory management. However, it also noted challenges in core franchises, revenue at the lower end of guidance, margin declines, and concerns about liquidity.Positive Updates
Successful New Product Launches
The Wool Cruiser and the 100% waterproof collection were launched and exceeded expectations. The Wool Cruiser, available in 19 colors, has become a key franchise with vibrant colors selling out first.
Negative Updates
Decline in Core Franchises
Some foundational franchises, particularly the original runner, have been slower to rebuild and have not yet inflected positively.
Read all updates
Q3-2025 Updates
Positive
Negative
Successful New Product Launches
The Wool Cruiser and the 100% waterproof collection were launched and exceeded expectations. The Wool Cruiser, available in 19 colors, has become a key franchise with vibrant colors selling out first.
Read all positive updates
Company Guidance
During the Allbirds' Third Quarter 2025 Conference Call, the company provided guidance reflecting expectations for the fourth quarter and beyond. Allbirds anticipates fourth-quarter net revenue to range from $56 million to $61 million, representing flat to up 9% growth compared to the previous year. Full-year net revenue is projected to be between $161 million and $166 million, adjusted from an earlier range of $165 million to $180 million, factoring in $23 million to $25 million from international distributor transitions and retail store closures. The company expects a fourth-quarter adjusted EBITDA loss between $16 million and $10 million, improving from a $19 million loss a year ago. For the full year, adjusted EBITDA is forecasted to be between negative $63 million and $57 million. Allbirds is focused on maintaining a lean inventory, which stood at $43 million, down 25% year-over-year, and is exploring options to enhance liquidity, such as potential capital raising. These strategies underpin Allbirds' efforts to improve top-line trends, drive growth, and maximize shareholder value amid a competitive holiday shopping period and challenging macroeconomic environment.Smartbird Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
35
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 105.75M | 152.47M | 189.76M | 254.06M | 297.77M | 277.47M |
| Gross Profit | 36.83M | 54.55M | 81.06M | 104.23M | 129.63M | 146.66M |
| EBITDA | -61.37M | -67.80M | -81.56M | -97.85M | -81.54M | -34.91M |
| Net Income | -77.00M | -77.28M | -93.32M | -152.46M | -101.35M | -45.37M |
Balance Sheet | ||||||
| Total Assets | 46.12M | 109.42M | 188.88M | 329.61M | 484.23M | 488.43M |
| Cash, Cash Equivalents and Short-Term Investments | 37.38M | 26.69M | 66.73M | 130.67M | 167.77M | 288.58M |
| Total Debt | 14.47M | 39.64M | 53.67M | 93.95M | 105.85M | 0.00 |
| Total Liabilities | 23.59M | 73.50M | 87.19M | 144.28M | 167.46M | 91.42M |
| Stockholders Equity | 22.52M | 35.91M | 101.69M | 185.33M | 316.77M | 397.00M |
Cash Flow | ||||||
| Free Cash Flow | -46.23M | -58.23M | -67.95M | -41.09M | -121.95M | -75.03M |
| Operating Cash Flow | -41.70M | -55.08M | -63.86M | -30.22M | -90.58M | -50.85M |
| Investing Cash Flow | 35.06M | -1.90M | 2.12M | -7.71M | -32.29M | -25.64M |
| Financing Cash Flow | 12.07M | 16.07M | 287.00K | 640.00K | 3.58M | 238.15M |
Smartbird Inc Technical Analysis
Neutral
2.37
Price Trends
2.45
Positive
2.85
Positive
3.31
Negative
Market Momentum
0.18
Negative
56.59
Neutral
41.54
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 2.37 is below the 20-day moving average (MA) of 2.67, below the 50-day MA of 2.45, and below the 200-day MA of 3.31, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 56.59 is Neutral, neither overbought nor oversold. The STOCH value of 41.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BIRD.
Smartbird Inc Risk Analysis
Smartbird Inc disclosed 92 risk factors in its most recent earnings report. Smartbird Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Smartbird Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $11.56B | 24.29 | 23.26% | ― | 29.34% | 222.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $148.22M | 24.38 | 3.54% | ― | -8.63% | ― | |
56 Neutral | $136.42M | 62.82 | 2.37% | 12.82% | 6.07% | ― | |
51 Neutral | $379.43M | -30.18 | -6.22% | ― | 6.39% | 57.76% | |
50 Neutral | $34.60M | -0.32 | -243.20% | 10.58% | -38.03% | 18.52% | |
50 Neutral | $221.99M | 18.10 | 4.21% | ― | 3.61% | 7189.81% |
* Consumer Cyclical Sector Average
BIRD
Smartbird Inc
2.93
-2.48
-45.87%
TLYS
Tilly's
4.54
2.92
180.25%
ZUMZ
Zumiez
14.80
-5.71
-27.84%
DLTH
Duluth Holdings
4.00
0.58
16.96%
SFIX
Stitch Fix
2.84
-1.38
-32.70%
ONON
On Holding AG
35.09
-7.88
-18.34%
Smartbird Inc Corporate Events
Executive/Board ChangesPrivate Placements and FinancingShareholder Meetings
Smartbird Inc Shareholders Back Governance and Equity Plan
Positive
Oct 1, 2026
Smartbird, Inc. held its Annual Meeting of Stockholders virtually on September 30, 2026, with a quorum of 27,999,639 votes represented. Shareholders elected Class II directors Daniel Kasun and Elizabeth Mora to serve until the 2029 annual meeting,...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Allbirds pivots from footwear to enterprise AI infrastructure
Positive
Aug 19, 2026
On August 19, 2026, Smartbird CEO Nadia Carlsten issued a shareholder letter from Palo Alto outlining the company’s strategic pivot from retail footwear to enterprise AI infrastructure. The communication followed the filing of its Q2 2026 re...
Business Operations and StrategyDividendsM&A Transactions
Allbirds Declares Special Dividend From Footwear Business Sale
Positive
Aug 10, 2026
On August 6, 2026, Smartbird, Inc.’s board declared a special dividend of $0.31 per share of common stock, funded by the proceeds from the sale of its footwear business, payable to stockholders of record as of June 25, 2026. The payment date...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.