Allbirds (BIRD) Q3 2025 Earnings
Reported Nov 6, 2025 at 4:13 PM ET · SEC Source
Q3 25 EPS
$-2.49
BEAT +3.49%
Est. $-2.58
Q3 25 Revenue
$33.0M
MISS 0.03%
Est. $33.0M
vs S&P Since Q3 25
-66.9%
TRAILING MARKET
BIRD -54.4% vs S&P +12.5%
Market Reaction
Did BIRD Beat Earnings? Q3 2025 Results
Allbirds posted a narrowly mixed third quarter, with the struggling footwear brand edging past earnings expectations even as revenue continued its steep descent. The company reported a net loss per share of $2.49, ahead of the $2.58 consensus estimat… Read more Allbirds posted a narrowly mixed third quarter, with the struggling footwear brand edging past earnings expectations even as revenue continued its steep descent. The company reported a net loss per share of $2.49, ahead of the $2.58 consensus estimate by 3.49%, while net revenue of $32.99 million came in fractionally below the $33.00 million analyst target, down 23.3% year-over-year as planned retail store closures and international distributor transitions structurally hollowed out the top line. The company now operates just 23 stores, down from 34 a year ago, a deliberate contraction that weighed heavily on results alongside tightening gross margins and a cash balance that fell sharply to $23.70 million from $78.63 million a year earlier. Notably, Allbirds drew $12.31 million on its revolving credit facility during the quarter, a new liquidity signal that rattled investors and contributed to a significant share price selloff. Looking ahead, the company trimmed its full-year 2025 revenue outlook to $161 million to $166 million while reiterating its adjusted EBITDA loss guidance midpoint of $57 million to $63 million.
Key Takeaways
- • Revenue decline driven by international distributor transitions and planned retail store closures
- • Gross margin decline from higher digital and distributor channel mix and increased U.S. duties, partially offset by higher average selling prices
- • SG&A cost reductions from lower personnel, occupancy, stock-based compensation, and depreciation
- • Increased marketing spend to support new product launches
BIRD Forward Guidance & Outlook
Allbirds lowered its full year 2025 revenue guidance to $161 million–$166 million from prior guidance of $165 million–$180 million, which includes approximately $23 million–$25 million of revenue impact from international distributor transitions and U.S. store closures. U.S. net revenue is expected at $127 million–$131 million and international at $34 million–$35 million. Adjusted EBITDA loss is guided at $57 million–$63 million (midpoint reiterated). For Q4 2025, the company expects net revenue of $56 million–$61 million (U.S. $47 million–$51 million, International $9 million–$10 million) and adjusted EBITDA loss of $10 million–$16 million. The company is taking steps to further reduce costs, enhance liquidity, and pursue value-creating opportunities.
BIRD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BIRD Revenue by Geography
With YoY comparisons, source: SEC Filings
“We're pleased to deliver third quarter results in line with our expectations, highlighted by a robust flow of new product introductions - many of which met with strong customer response. Entering the final months of the year, we will continue to support our product engine with compelling marketing content to capture consumer mindshare and reignite growth. Throughout the holiday season, we will be spotlighting gifting ideas and emphasizing Allbirds' core principles of Comfort, Style and Sustainability.”
— Joe Vernachio, Q3 2025 Earnings Press Release
BIRD Earnings Trends
BIRD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BIRD EPS Trend
Earnings per share: estimate vs actual
BIRD Revenue Trend
Quarterly revenue: estimate vs actual
BIRD Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 25 BEAT | $-2.58 | $-2.49 | +3.49% | $33.0M | -0.03% |
| Q2 25 BEAT | $-2.82 | $-1.92 | +31.95% | $39.7M | +2.81% |
| Q1 25 BEAT | $-3.79 | $-2.73 | +27.97% | $32.1M | +7.11% |
| Q4 24 BEAT FY | $-3.45 | $-3.23 | +6.50% | $55.9M | -0.01% |
| FY Full Year | $-11.84 | $-11.87 | -0.24% | $189.8M | +0.15% |