---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-011965"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-24T23:46:02.278635+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Allbirds Q4 revenue down 22%; net loss $25.7M; full-year $189.8M; 2025 guidance

## Summary
- Q4 net revenue $55.9M (-22.4% YoY); net loss $25.7M ($3.23/share); adjusted EBITDA loss $19.2M.
- Full year net revenue $189.8M (-25.3%); net loss $93.3M ($11.87/share); adjusted EBITDA loss $70.0M.
- Full year gross margin improved 170bps to 42.7%; inventory down 23.6% to $44.1M; cash $66.7M, no revolver draws.
- 2025 guidance: expects $18-23M revenue drag from international distributor transitions and 20 US store closures.
- CEO Vernachio targets return to top-line growth in Q4 2025; operating with financial discipline.

## SEC filing metadata
- accession: 0001628280-25-011965
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000162828025011965/0001628280-25-011965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000162828025011965/bird-20250311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-011965
- JSON: https://secwatch.observer/filing/0001628280-25-011965.json
- Plain text: https://secwatch.observer/filing/0001628280-25-011965.txt

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