Gross margins have demonstrated extreme volatility, compressing from 41.7% in 2024Q4 to 24.5% in 2025Q4, reflecting a fundamental inability to maintain consistent pricing power.
| Sales/Revenue | 8.71M | 1.44M | 280K | 0 | 9.64M | 14.53M | 18.25M | 18.79M |
| Revenue Growth % | 505.54% | 413.52% | - | -100% | -33.66% | -20.36% | -2.88% | - |
| Cost of Goods Sold | 6.14M | 845.24K | 125.27K | 0 | 7.37M | 4.72M | 7.99M | 9.3M |
| COGS % of Revenue | 70.5% | 58.78% | 44.74% | - | 76.48% | 32.46% | 43.77% | 49.52% |
| Gross Profit | 2.57M | 592.61K | 154.73K | 0 | 2.27M | 9.81M | 10.26M | 9.49M |
| Gross Margin % | 29.5% | 41.22% | 55.26% | - | 23.52% | 67.54% | 56.23% | 50.48% |
| Gross Profit Growth % | 333.43% | 283% | - | -100% | -76.9% | -4.35% | 8.17% | - |
| Operating Expenses | 4.21M | 2.33M | 3.31M | 897.41K | 16.74M | 5.45M | 4.22M | 6.42M |
| OpEx % of Revenue | 48.41% | 161.86% | 1182.56% | - | 173.64% | 37.48% | 23.14% | 34.16% |
| Selling, General & Admin | 4.12M | 2.31M | 3.31M | 897.41K | 9.78M | 3.55M | 2.73M | 3.41M |
| SG&A % of Revenue | 47.29% | 160.81% | 1182.56% | - | 101.43% | 24.43% | 14.94% | 18.13% |
| Research & Development | 97.52K | 15.07K | 0 | 3.32M | 3.27M | 1.9M | 1.5M | 3.01M |
| R&D % of Revenue | 1.12% | 1.05% | - | - | 33.91% | 13.06% | 8.2% | 16.02% |
| Other Operating Expenses | 0 | 0 | 0 | -3.32M | 3.69M | 0 | 0 | 0 |
| Operating Income | -1.65M | -1.73M | -3.16M | -897.41K | -14.47M | 4.37M | 6.04M | 3.07M |
| Operating Margin % | -18.91% | -120.65% | -1127.3% | - | -150.12% | 30.05% | 33.09% | 16.33% |
| Operating Income Growth % | 5.11% | 45.04% | -251.73% | 93.8% | -431.38% | -27.67% | 96.86% | - |
| EBITDA | -1.23M | -1.62M | -2.57M | -1.29M | -13.33M | 4.85M | 6.24M | 3.41M |
| EBITDA Margin % | -14.17% | -112.79% | -917.39% | - | -138.29% | 33.37% | 34.21% | 18.15% |
| EBITDA Growth % | 23.93% | 36.87% | -99.85% | 90.36% | -374.92% | -22.31% | 83.08% | - |
| D&A (Non-Cash Add-back) | 412.53K | 113.01K | 587.73K | 0 | 1.14M | 481.99K | 203.53K | 341.93K |
| EBIT | -56.7M | -1.53M | -20.7M | -1.29M | -13.78M | 4.55M | 6.19M | 3.08M |
| Net Interest Income | -484.15K | -346K | -735.58K | -1.25M | -308.27K | -201.52K | -402.48K | -491.63K |
| Interest Income | 19.96K | 200.53K | 1.37K | 0 | 9.13K | 6.99K | 8.82K | 5.43K |
| Interest Expense | 504.12K | 546.52K | 736.94K | 1.25M | 317.4K | 208.51K | 411.3K | 497.06K |
| Other Income/Expense | -55.56M | -344.78K | -18.28M | -1.64M | 371.61K | -21.47K | -264.02K | -480.03K |
| Pretax Income | -57.2M | -2.08M | -21.44M | -2.54M | -14.1M | 4.35M | 5.77M | 2.59M |
| Pretax Margin % | -657% | -144.62% | -7656.71% | - | -146.27% | 29.91% | 31.65% | 13.77% |
| Income Tax | 0 | 21.01K | 0 | 0 | 124.06K | 286.07K | 673.03K | 145.26K |
| Effective Tax Rate % | 0% | -1.01% | 0% | 0% | -0.88% | 6.58% | 11.65% | 5.61% |
| Net Income | -57.19M | -2.1M | -2.58M | -15.27M | -13.87M | 4M | 4.85M | 2.6M |
| Net Margin % | -656.8% | -145.98% | -920.19% | - | -143.89% | 27.51% | 26.56% | 13.86% |
| Net Income Growth % | -2624.39% | 18.53% | 83.12% | -10.05% | -446.96% | -17.52% | 86.11% | - |
| Net Income (Continuing) | -57.2M | -2.1M | -21.44M | -2.54M | -14.23M | 4.06M | 5.1M | 2.44M |
| Discontinued Operations | 0 | 0 | 18.57M | -13.65M | 0 | 0 | 0 | 0 |
| Minority Interest | 2.17M | 2.03M | 0 | -75.44K | 850.15K | 244.23K | 170.48K | 20.66K |
| EPS (Diluted) | -7.13 | -1.05 | -6.55 | -10613.00 | -2369.30 | 633.44 | 1020.50 | 548.33 |
| EPS Growth % | -579.05% | 83.97% | 99.94% | -347.94% | -474.04% | -37.93% | 86.11% | - |
| EPS (Basic) | -7.13 | -1.05 | -6.55 | -10613.00 | -2369.30 | 633.44 | 1020.50 | 548.33 |
| Diluted Shares Outstanding | 8.02M | 2M | 393.57K | 1.44K | 5.86K | 6.31K | 4.75K | 4.75K |
| Basic Shares Outstanding | 8.02M | 2M | 393.57K | 1.44K | 5.86K | 6.31K | 4.75K | 4.75K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Regulatory and liquidity constraints
As indicated by the historical income statement data, Infobird's revenue trajectory remains highly erratic, characterized by a 171.2% surge in 2025Q2 followed by a more modest 2.7% growth in 2025Q4, suggesting that the company's top-line expansion is heavily dependent on lumpy, non-recurring project-based contracts.
The extreme fluctuations in quarterly revenue suggest that Infobird lacks a stable, recurring subscription-based revenue foundation. Investors should monitor whether this volatility stems from the inherent nature of their BPO service model or if it reflects a struggle to maintain consistent client retention in the competitive Chinese software market.
Based on reported financial figures, Infobird's gross margin has fluctuated significantly, peaking at 41.7% in 2024Q4 before compressing to 24.5% by 2025Q4, which highlights the company's inability to maintain consistent pricing power amidst its transition toward AI-enabled service delivery models.
The inability to sustain gross margins above 30% suggests that the company's cost of service is heavily burdened by human-capital requirements or third-party infrastructure expenses. This margin profile appears inconsistent with a pure-play SaaS firm, implying that the business remains fundamentally tethered to lower-margin professional services.
According to the provided income statement, Infobird's operating expenses consistently outpace gross profit generation, as evidenced by the persistent negative operating margins that reached -10.5% in 2025Q4, indicating a failure to achieve the necessary scale to cover administrative and selling overheads.
The company's inability to scale operating income alongside revenue growth suggests that its current cost structure is inefficient. Without a significant reduction in SG&A intensity, the company may continue to face structural challenges in reaching operational break-even, regardless of top-line performance.
As reported in recent financial filings, the company's net income has experienced extreme swings, including a massive $55.6 million loss in 2025Q4, which suggests that non-operating items or significant impairment charges are severely distorting the underlying economic reality of the firm's operational performance.
The massive discrepancy between operating losses and net losses warrants further investigation into potential non-cash charges or accounting adjustments. Investors should be cautious, as these figures suggest that the reported net income is not a reliable indicator of the company's core operational health or future cash-generating potential.
Based on the provided data, the company's reliance on high-growth, low-margin service contracts appears unsustainable, as the $5.1 million cash position may be insufficient to support the ongoing operational burn rate observed in recent quarters, raising significant concerns regarding long-term solvency.
Short-sellers would likely focus on the widening gap between revenue growth and the company's inability to achieve positive net income. The lack of a clear path to profitability suggests that the current business model may require a fundamental pivot or additional dilutive financing to survive.
Quick answers to the most common questions about buying IFBD stock.
For fiscal year 2025, Infobird Co., Ltd (IFBD) reported total revenue of $8.7M. This represents a 53.7% decline compared to $18.8M in 2018.
Infobird Co., Ltd (IFBD) reported a net loss of $57.2M for the fiscal year ending 2025.
Infobird Co., Ltd (IFBD) reported an operating income of $-1.6M, resulting in an operating profit margin of -18.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Infobird Co., Ltd (IFBD) generated $2.6M in gross profit for the year, representing a gross profit margin of 29.5%. This demonstrates the company's core pricing power and production efficiency.