Filing Flows › Smartbird (BIRD) › Q4 2025
Smartbird (BIRD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Smartbird (BIRD) reported revenue of $47.7M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and +45% from the quarter before. Operating margin was -43.5%, net loss $19.6M (41.1% of revenue).
Smartbird, Q4 2025: revenue $47.7M (-15% year over year), operating margin -43.5%, net loss $19.6M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.7M | +45% | -15% |
| Operating profit | −$20.7M | — | — |
| Net earnings | −$19.6M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $47.7M in Q4 2025, down 15% year over year and up 45% from the previous quarter.
Gross margin was 37.2%, up 5.9 points from Q4 2024. Operating costs exceeded revenue by $20.7M, an operating margin of -43.5%. Operating expenses fell 11% while revenue fell 15%. The fastest-growing cost line was Other operating costs (+21%). The quarter ended with a net loss of $19.6M, narrower than the previous quarter's $20.3M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $2.3M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $12.2M. Capital expenditures of $870K exceeded it, leaving free cash flow of −$4.1M.
Questions
What was Smartbird's revenue in the fourth quarter 2025?
Smartbird (BIRD) reported revenue of $47.7M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and +45% from the quarter before.
Was Smartbird profitable in the fourth quarter 2025?
Operating loss was $20.7M (-43.5% of revenue) and net loss $19.6M.
Source: Smartbird 10-K on SEC EDGAR.