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Allbirds

Allbirds (BIRD) Q2 2025 Earnings

Reported Aug 7, 2025 at 4:15 PM ET · SEC Source

Q2 25 EPS

$-1.92

BEAT +31.95%

Est. $-2.82

Q2 25 Revenue

$39.7M

BEAT +2.81%

Est. $38.6M

vs S&P Since Q2 25

-83.5%

TRAILING MARKET

BIRD -65.0% vs S&P +18.5%

Market Reaction

Did BIRD Beat Earnings? Q2 2025 Results

Allbirds posted a cleaner-than-expected second quarter, beating Wall Street's loss estimates by a wide margin even as its top-line contraction continued. The footwear brand reported a net loss per share of $1.92, well ahead of the consensus estimate … Read more Allbirds posted a cleaner-than-expected second quarter, beating Wall Street's loss estimates by a wide margin even as its top-line contraction continued. The footwear brand reported a net loss per share of $1.92, well ahead of the consensus estimate of $2.82, while revenue of $39.69 million edged past expectations by 2.81%, though it still fell 23.1% year-over-year as planned store closures and an international distributor transition weighed heavily on results. The store count shrank to just 24 locations from 43 a year ago, one of the most visible signs of the company's aggressive restructuring. Despite gross margin contracting to 40.7% amid elevated freight costs and promotional activity, the net loss narrowed to $15.50 million from $19.13 million in the prior year period, aided by meaningful reductions in personnel and occupancy costs. Management trimmed full-year revenue guidance to $165 million to $180 million but reiterated its adjusted EBITDA loss target, and expressed confidence that a continuous pipeline of new lifestyle footwear will drive a return to top-line growth in Q4 2025.

Key Takeaways

  • • Revenue decline driven by planned retail store closures and international distributor transitions
  • • Gross margin decline of 980 basis points due to increased promotional activity, inventory adjustments from European distributor transition, higher international distributor mix, and increased freight and duty costs
  • • SG&A reduction from lower personnel expenses, occupancy costs, stock-based compensation, and depreciation
  • • Adjusted EBITDA loss improved year-over-year despite revenue decline
24/7 Wall St

BIRD YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

BIRD Revenue by Geography

With YoY comparisons, source: SEC Filings

Q4 24 Q3 25

“Strong execution during the first half of the year has set us up for what's ahead this fall. We are thrilled to be at the threshold of our product, marketing and customer experience initiatives coming together as we continue on our path to reigniting the Allbirds brand. In the weeks and months ahead, we'll be delivering a continuous flow of modern lifestyle footwear that is distinctively Allbirds - modern design, unique materials and unmatched comfort. This debut, coupled with the operational and financial rigor we have embedded into the organization in recent years, gives us confidence in our expected return to top line growth in the fourth quarter of this year.”

— Joe Vernachio, Q2 2025 Earnings Press Release

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