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Smartbird (BIRD) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed May 15, 2026 · Smartbird (BIRD) Q1 2026 earnings results →
Q1 2026 Revenue down 30% year over year to $22.3M · 93¢ of every $1 of revenue lost · operating margin -98.6%
Smartbird made $22.3M in Q1 2026 (-30% Y/Y). Operating margin -98.6%, net loss $20.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 15, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $22.3M in Q1 2026, down 31% year over year and down 53% from the previous quarter.
Gross margin was 27.8%, down 17.0 points from Q1 2025. Operating costs exceeded revenue by $22.0M, an operating margin of -98.6%. Operating expenses fell 24% while revenue fell 31%. The quarter ended with a net loss of $20.7M, wider than the previous quarter's $19.6M loss.
Operating cash flow was −$12.1M. Non-cash charges added back $1.4M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $72K exceeded it, leaving free cash flow of −$12.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | May 15, 2026 | $22.3M | -30% | -98.6% | −$20.7M | −$12.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $47.7M | -15% | -43.5% | −$19.6M | −$3.3M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $33.0M | -23% | -60.3% | −$20.3M | −$15.2M |
| Q1 2025 | 10-Q | May 9, 2025 | $32.1M | -18% | -71.1% | −$21.9M | −$27.9M |
| Q4 2024 | 10-K | Mar 12, 2025 | $55.9M | -22% | -46.1% | −$25.7M | −$10.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Smartbird
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. We began our journey in 2015 with three fundamental beliefs about the emerging generation of consumers: first, these consumers recognize that climate change is an existential threat to the human race; second, these consumers connect their purchase decisions with their impact on the planet, demanding more from businesses; and third, these consumers do not want to compromise between looking good, feeling good, and doing good.
In its own words, from its 10-K, filed Mar 31, 2026.
Smartbird against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -30% against the peers' median +6%. Operating margin: -98.6% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BIRD Smartbird | Q1 2026 | $22.3M | -30% | -98.6% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: Smartbird 10-Q on SEC EDGAR · CIK 1653909 · Services-Computer Processing & Data Preparation
13F: who owns BIRD and who is buying
More on BIRD
History
Every quarter: Q1 2026 results · Q4 2025 results · Q3 2025 results · Q1 2025 results · Q4 2024 results