NASDAQ$BIRD
Allbirds Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Allbirds Inc reported its financial results for the first quarter ended March 31, 2026.
Allbirds reported net revenue of $22.3 million for Q1 2026, down 30.5% year-over-year, with a gross margin of 27.8%. The company recorded a net loss of $20.7 million and continued to advance its strategic transition including the planned Asset Sale and pursuit of an Electronics Infrastructure Business.
- Net revenue declined 30.5% to $22.3 million driven by lower U.S. direct sales and international distributor transitions.
- Gross margin fell to 27.8% from 44.8% due to promotional activity, inventory adjustments, and higher duties.
- Operating expenses decreased 24.2% to $28.2 million reflecting cost reductions and retail store closures.
- The company closed its U.S. full-price retail stores and entered into agreements for the Asset Sale and a $50 million convertible note facility to fund the new Electronics Infrastructure Business.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$22.3M
Forward guidance
The company is transitioning to an Electronics Infrastructure Business focused on GPU and high-performance computing assets following the planned Asset Sale.
Tailwinds
- Entered into $50 million convertible note facility to fund asset acquisitions
- Completed first GPU lease transaction generating $2.75 million over three years
Headwinds
- Substantial doubt about ability to continue as a going concern
- Only $5.25 million of facility committed with remaining amount at holder option
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-8.6%
Avg return
Earnings day
-8.6%
Avg return
5 days after
-0.2%
Avg return
30 days after
25%
6 / 24 earnings
Positive
+24.4%
Q4 2019
Best reaction
-51.2%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | -13.7% | — | |
| Q4 2025 | +3.6% | +10.9% | +252.1% | |
| Q3 2025 | -7.2% | -28.2% | -39.7% | |
| Q2 2025 | -29.4% | -27.9% | -36.2% | |
| Q1 2025 | -2.4% | +23.8% | +58.0% | |
| Q4 2024 | -13.1% | -13.5% | -27.6% | |
| Q3 2024 | -23.2% | -29.7% | -30.9% | |
| Q2 2024 | +8.2% | +6.5% | -7.8% | |
| Q1 2024 | -10.4% | +2.9% | -19.4% | |
| Q4 2023 | -9.6% | -12.0% | -24.5% | |
| Q3 2023 | -23.9% | -29.3% | +11.9% | |
| Q2 2023 | +23.9% | +18.7% | -6.0% | |
| Q1 2023 | -6.4% | -4.9% | +2.6% | |
| Q4 2022 | -51.2% | -56.4% | -55.1% | |
| Q3 2022 | -17.2% | -6.6% | -5.6% | |
| Q2 2021 | -17.5% | -7.2% | -28.7% | |
| Q2 2022 | -13.1% | -0.2% | -23.0% | |
| Q1 2021 | -7.5% | +0.2% | +8.8% | |
| Q1 2022 | -19.1% | -13.8% | +4.7% | |
| Q4 2019 | +24.4% | +16.5% | +0.4% | |
| Q4 2021 | +0.0% | -8.1% | -29.6% | |
| Q4 2020 | +1.4% | -5.2% | +3.5% | |
| Q3 2020 | +1.4% | -5.2% | +3.5% | |
| Q3 2021 | -14.7% | -24.6% | -15.2% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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