---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021669"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:40:14.408623+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Allbirds Q1 net revenue down 27.6% to $39.3M; net loss $27.3M

## Summary
- Net revenue $39.3M, down 27.6% YoY; gross margin improved 680 bps to 46.9%.
- Net loss $27.3M ($0.18 per share); adjusted EBITDA loss $20.9M, above guidance.
- Inventory $60.6M, down 45% YoY; cash $102.1M with no revolver borrowings.
- Full-year 2024 guidance reiterated: revenue $190M-$210M, gross margin 42%-45%.
- Company signed distributor agreements for Gulf Countries and Southeast Asia; closed 3 U.S. stores.

## SEC filing metadata
- accession: 0001628280-24-021669
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000162828024021669/0001628280-24-021669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000162828024021669/bird-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021669
- JSON: https://secwatch.observer/filing/0001628280-24-021669.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021669.txt

## Key facts
- Earnings Releases
  Allbirds, Inc. reported first quarter ended March 31, 2024 results: revenue $39.3 million, net income $27.3 million, EPS $0.18 per basic and diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $39.3 million
  - Net income: $27.3 million
  - EPS: $0.18 per basic and diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: products in a better way, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Overview • First quarter net revenue decreased 27.6% to $39.3 million versus a year ago, within the Company’s guidance range. • First quarter gross margin improved 680 basis points to 46.9% versus a year ago. • First quarter net loss of $27.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000162828024021669/0001628280-24-021669-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.