Filing Flows › Smartbird (BIRD) › Q1 2026
Smartbird (BIRD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Smartbird (BIRD) reported revenue of $22.3M for the first quarter 2026 (Q1 2026), -31% from a year earlier and -53% from the quarter before. Operating margin was -98.6%, net loss $20.7M (92.9% of revenue).
Smartbird, Q1 2026: revenue $22.3M (-30% year over year), operating margin -98.6%, net loss $20.7M, operating cash flow −$12.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.3M | -53% | -31% |
| Operating profit | −$22.0M | — | — |
| Net earnings | −$20.7M | — | — |
| Operating cash flow | −$12.1M | — | — |
What changed
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.
Questions
What was Smartbird's revenue in the first quarter 2026?
Smartbird (BIRD) reported revenue of $22.3M for the first quarter 2026 (Q1 2026), -31% from a year earlier and -53% from the quarter before.
Was Smartbird profitable in the first quarter 2026?
Operating loss was $22.0M (-98.6% of revenue) and net loss $20.7M.
Source: Smartbird 10-Q on SEC EDGAR.