Filing Flows › Smartbird (BIRD) › Q1 2025
Smartbird (BIRD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Smartbird (BIRD) reported revenue of $32.1M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -43% from the quarter before. Operating margin was -71.1%, net loss $21.9M (68.1% of revenue).
Smartbird, Q1 2025: revenue $32.1M (-18% year over year), operating margin -71.1%, net loss $21.9M, operating cash flow −$27.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.1M | -43% | -18% |
| Operating profit | −$22.8M | — | — |
| Net earnings | −$21.9M | — | — |
| Operating cash flow | −$27.9M | — | — |
What changed
Revenue was $32.1M in Q1 2025, down 18% year over year and down 43% from the previous quarter.
Gross margin was 44.8%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $22.8M, an operating margin of -71.1%. Operating expenses fell 23% while revenue fell 18%. The fastest-growing cost line was Other operating costs (+40%). The quarter ended with a net loss of $21.9M, narrower than the previous quarter's $25.7M loss.
Operating cash flow was −$27.9M. Non-cash charges added back $1.9M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $643K exceeded it, leaving free cash flow of −$28.5M.
Questions
What was Smartbird's revenue in the first quarter 2025?
Smartbird (BIRD) reported revenue of $32.1M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -43% from the quarter before.
Was Smartbird profitable in the first quarter 2025?
Operating loss was $22.8M (-71.1% of revenue) and net loss $21.9M.
Source: Smartbird 10-Q on SEC EDGAR.