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Allbirds, Inc. (BIRD) 10-Year Financial Performance & Capital Metrics

BIRD • • Industrial / General
Consumer CyclicalApparel RetailFootwear-Focused RetailersAthletic & Performance Footwear Brands
AboutAllbirds, 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.Show more
  • Revenue $190M -25.3%
  • EBITDA -$85M +35.5%
  • Net Income -$93M +38.8%
  • EPS (Diluted) -11.87 +40.9%
  • Gross Margin 42.72% +4.1%
  • EBITDA Margin -44.88% +13.6%
  • Operating Margin -51.41% +14.6%
  • Net Margin -49.18% +18.0%
  • ROE -65.03% -7.1%
  • ROIC -61.68% -8.4%
  • Debt/Equity 0.53 +4.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.3x book value
  • ✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 10 (bottom 10%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-0.41%
3Y-11.9%
TTM-21.98%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM32.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM35.35%

ROCE

10Y Avg-25.37%
5Y Avg-28.7%
3Y Avg-37.49%
Latest-45.85%

Peer Comparison

Athletic & Performance Footwear Brands
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ONONOn Holding AG13.65B46.0064.7929.36%7.8%14.55%3.27%0.25
LULULululemon Athletica Inc.23B205.0114.0010.07%16.38%40.7%6.88%0.36
BIRDAllbirds, Inc.23.7M4.18-0.35-25.31%-51.9%-160.55%0.53

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+193.67M219.3M277.47M297.77M254.06M189.76M
Revenue Growth %-0.13%0.27%0.07%-0.15%-0.25%
Cost of Goods Sold+94.84M106.56M130.81M168.14M149.83M108.69M
COGS % of Revenue0.49%0.49%0.47%0.56%0.59%0.57%
Gross Profit+98.83M112.74M146.66M129.63M104.23M81.06M
Gross Margin %0.51%0.51%0.53%0.44%0.41%0.43%
Gross Profit Growth %-0.14%0.3%-0.12%-0.2%-0.22%
Operating Expenses+107.85M141.97M179.54M229.91M257.24M178.62M
OpEx % of Revenue0.56%0.65%0.65%0.77%1.01%0.94%
Selling, General & Admin107.85M141.97M179.54M225.84M223.09M175.02M
SG&A % of Revenue0.56%0.65%0.65%0.76%0.88%0.92%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses0004.07M34.15M3.6M
Operating Income+-9.01M-29.22M-32.88M-100.28M-153M-97.55M
Operating Margin %-0.05%-0.13%-0.12%-0.34%-0.6%-0.51%
Operating Income Growth %--2.24%-0.12%-2.05%-0.53%0.36%
EBITDA+-5.63M-22.14M-22.68M-85.61M-132M-85.16M
EBITDA Margin %-0.03%-0.1%-0.08%-0.29%-0.52%-0.45%
EBITDA Growth %--2.93%-0.02%-2.78%-0.54%0.35%
D&A (Non-Cash Add-back)3.38M7.09M10.2M14.68M21M12.4M
EBIT-10.76M-29.68M-44.56M-96.22M-118.85M-93.95M
Net Interest Income+-96K-297K-178K19K4.08M3.49M
Interest Income00019K4.08M3.49M
Interest Expense96K297K178K000
Other Income/Expense-1.84M-749K-11.68M158K879K6.11M
Pretax Income+-10.85M-29.97M-44.56M-100.13M-152.12M-91.45M
Pretax Margin %-0.06%-0.14%-0.16%-0.34%-0.6%-0.48%
Income Tax+3.67M-4.11M810K1.23M334K1.87M
Effective Tax Rate %1.34%0.86%1.02%1.01%1%1.02%
Net Income+-14.53M-25.86M-45.37M-101.35M-152.46M-93.32M
Net Margin %-0.08%-0.12%-0.16%-0.34%-0.6%-0.49%
Net Income Growth %--0.78%-0.75%-1.23%-0.5%0.39%
Net Income (Continuing)-14.53M-25.86M-45.37M-101.35M-152.46M-93.32M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-2.29-4.07-13.09-13.63-20.10-11.87
EPS Growth %--0.78%-2.22%-0.04%-0.47%0.41%
EPS (Basic)-2.29-4.07-13.09-13.63-20.10-11.87
Diluted Shares Outstanding6.35M6.35M3.47M7.44M7.58M7.86M
Basic Shares Outstanding6.35M6.35M3.47M7.44M7.58M7.86M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+134.56M214.84M444.37M308.93M212.41M130.56M
Cash & Short-Term Investments74.31M126.55M288.58M167.77M130.67M66.73M
Cash Only74.31M126.55M288.58M167.77M130.67M66.73M
Short-Term Investments000000
Accounts Receivable11.12M23.7M39.95M17.62M18.26M13.79M
Days Sales Outstanding20.9539.4452.5521.626.2426.53
Inventory44.33M59.22M106.88M116.8M57.76M44.12M
Days Inventory Outstanding170.6202.86298.22253.54140.71148.16
Other Current Assets700K700K1.11M463K458K1M
Total Non-Current Assets+20.02M29.2M44.06M175.29M117.21M58.32M
Property, Plant & Equipment16.58M23.3M37.95M145.57M93.17M55.91M
Fixed Asset Turnover11.68x9.41x7.31x2.05x2.73x3.39x
Goodwill0-6.7M-10.6M000
Intangible Assets77K7.63M11.22M133K82K42K
Long-Term Investments2.84M2M2.25M2.25M2M200K
Other Non-Current Assets206K2.61M3.13M4.47M3.57M2.17M
Total Assets+154.58M244.04M488.43M484.23M329.61M188.88M
Asset Turnover1.25x0.90x0.57x0.61x0.77x1.00x
Asset Growth %-0.58%1%-0.01%-0.32%-0.43%
Total Current Liabilities+51.64M54.65M81.16M50.01M48.61M44.37M
Accounts Payable29.82M20.24M30.73M12.24M5.85M10.77M
Days Payables Outstanding114.7669.3285.7326.5814.2536.18
Short-Term Debt00010.26M15.22M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities9.87M15.91M23.29M17.49M16.82M6.12M
Current Ratio2.61x3.93x5.48x6.18x4.37x2.94x
Quick Ratio1.75x2.85x4.16x3.84x3.18x1.95x
Cash Conversion Cycle76.79172.99265.03248.57152.7138.52
Total Non-Current Liabilities+112.06M214.9M10.27M117.45M95.68M42.83M
Long-Term Debt102.3M204.05M0000
Capital Lease Obligations00095.58M78.73M42.8M
Deferred Tax Liabilities00021.86M16.91M0
Other Non-Current Liabilities9.76M10.85M10.27M038K29K
Total Liabilities163.7M269.55M91.42M167.46M144.28M87.19M
Total Debt+102.3M204.05M0105.85M93.95M53.67M
Net Debt27.99M77.5M-288.58M-61.92M-36.72M-13.06M
Debt / Equity---0.33x0.51x0.53x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-93.89x-98.40x-184.70x---
Total Equity+-9.12M-25.51M397M316.77M185.33M101.69M
Equity Growth %--1.8%16.56%-0.2%-0.41%-0.45%
Book Value per Share-1.44-4.02114.5642.5924.4412.93
Total Shareholders' Equity-9.12M-25.51M397M316.77M185.33M101.69M
Common Stock5K5K15K15K15K1K
Retained Earnings-66.16M-92.02M-137.39M-238.74M-391.2M-484.52M
Treasury Stock000000
Accumulated OCI-289K1.96M666K-3.61M-3.33M-5.68M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+42K-34.58M-50.85M-90.58M-30.22M-63.86M
Operating CF Margin %0%-0.16%-0.18%-0.3%-0.12%-0.34%
Operating CF Growth %--824.29%-0.47%-0.78%0.67%-1.11%
Net Income-14.53M-25.86M-45.37M-101.35M-152.46M-93.32M
Depreciation & Amortization3.38M7.09M9.65M14.68M21M12.4M
Stock-Based Compensation4.25M6.78M11.24M19.87M19.35M11.47M
Deferred Taxes3.04M-39K252K-898K-474K912K
Other Non-Cash Items1.17M-700K10.67M17.77M38.53M4.95M
Working Capital Changes2.74M-21.85M-37.3M-40.65M43.83M-275K
Change in Receivables-57K-740K-9.11M1.6M1M1.96M
Change in Inventory-10.83M-13.87M-48.48M-24.74M47.53M6.9M
Change in Payables16.16M1.25M19.02M-37.59M-6.71M1.02M
Cash from Investing+-15.18M-16.28M-25.64M-32.29M-7.71M2.12M
Capital Expenditures-13.12M-14.35M-24.18M-31.36M-10.87M-4.09M
CapEx % of Revenue0.07%0.07%0.09%0.11%0.04%0.02%
Acquisitions------
Investments------
Other Investing-2.06M69K-1.21M-929K810K6.21M
Cash from Financing+25.7M102.19M238.15M3.58M640K287K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing733K440K1.19M-166K-581K-1K
Net Change in Cash------
Free Cash Flow+-13.08M-48.93M-75.03M-121.95M-41.09M-67.95M
FCF Margin %-0.07%-0.22%-0.27%-0.41%-0.16%-0.36%
FCF Growth %--2.74%-0.53%-0.63%0.66%-0.65%
FCF per Share-2.06-7.71-21.65-16.40-5.42-8.64
FCF Conversion (FCF/Net Income)-0.00x1.34x1.12x0.89x0.20x0.68x
Interest Paid55K235K118K88K111K124K
Taxes Paid179K110K438K1.42M1.78M1.67M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---24.43%-28.4%-60.73%-65.03%
Return on Invested Capital (ROIC)-35.82%-61.86%-30.74%-41.41%-56.89%-61.68%
Gross Margin51.03%51.41%52.86%43.53%41.03%42.72%
Net Margin-7.5%-11.79%-16.35%-34.04%-60.01%-49.18%
Debt / Equity---0.33x0.51x0.53x
Interest Coverage-93.89x-98.40x-184.70x---
FCF Conversion-0.00x1.34x1.12x0.89x0.20x0.68x
Revenue Growth-13.23%26.53%7.31%-14.68%-25.31%

Revenue by Segment

2021202220232024
Reportable---189.76M
Reportable Growth----

Revenue by Geography

2021202220232024
UNITED STATES209.79M229.81M191.05M143.87M
UNITED STATES Growth-9.55%-16.87%-24.70%
Non-US67.69M67.95M63.01M45.89M
Non-US Growth-0.39%-7.27%-27.18%

Frequently Asked Questions

Growth & Financials

Allbirds, Inc. (BIRD) reported $160.6M in revenue for fiscal year 2024. This represents a 17% decrease from $193.7M in 2019.

Allbirds, Inc. (BIRD) saw revenue decline by 25.3% over the past year.

Allbirds, Inc. (BIRD) reported a net loss of $83.4M for fiscal year 2024.

Dividend & Returns

Allbirds, Inc. (BIRD) has a return on equity (ROE) of -65.0%. Negative ROE indicates the company is unprofitable.

Allbirds, Inc. (BIRD) had negative free cash flow of $65.9M in fiscal year 2024, likely due to heavy capital investments.

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