secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001628280-25-011965
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000162828025011965/0001628280-25-011965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000162828025011965/bird-20250311.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-011965

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer