Filing Flows › Smartbird (BIRD) › Q3 2025
Smartbird (BIRD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Smartbird (BIRD) reported revenue of $33.0M for the third quarter 2025 (Q3 2025), -23% from a year earlier and -17% from the quarter before. Operating margin was -60.3%, net loss $20.3M (61.6% of revenue).
Smartbird, Q3 2025: revenue $33.0M (-23% year over year), operating margin -60.3%, net loss $20.3M, operating cash flow −$15.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.0M | -17% | -23% |
| Operating profit | −$19.9M | — | — |
| Net earnings | −$20.3M | — | — |
| Operating cash flow | −$15.2M | — | — |
What changed
Revenue was $33.0M in Q3 2025, down 23% year over year and down 17% from the previous quarter.
Gross margin was 43.2%, down 1.2 points from a year earlier. Operating costs exceeded revenue by $19.9M, an operating margin of -60.3%. Operating expenses fell 16% while revenue fell 23%. The fastest-growing cost line was Other operating costs (+26%). The quarter ended with a net loss of $20.3M, wider than the previous quarter's $15.5M loss.
Operating cash flow was −$15.2M. Non-cash charges added back $1.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $904K exceeded it, leaving free cash flow of −$16.1M.
Questions
What was Smartbird's revenue in the third quarter 2025?
Smartbird (BIRD) reported revenue of $33.0M for the third quarter 2025 (Q3 2025), -23% from a year earlier and -17% from the quarter before.
Was Smartbird profitable in the third quarter 2025?
Operating loss was $19.9M (-60.3% of revenue) and net loss $20.3M.
Source: Smartbird 10-Q on SEC EDGAR.