{"schema_version":"secwatch.filing_event.v1","accession":"0001653909-23-000062","form_type":"8-K","ticker":"BIRD","cik":"0001653909","company_name":"Allbirds, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.861177+00:00","generated_at":"2026-06-15T09:20:19.773626+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Allbirds Q1 net revenue down 13.4% to $54.4M, net loss $35.2M; Co-CEO Timothy Brown steps down","bullets":["Net revenue $54.4M, down 13.4% YoY; net loss $35.2M ($0.23 per share) vs $21.9M loss in Q1 2022.","Adjusted EBITDA loss $21.7M vs $12.2M loss a year ago; Q2 guidance for adjusted EBITDA loss $20-23M.","Timothy Brown transitions from Co-CEO to non-executive Chief Innovation Officer effective May 4, 2023.","Cash usage improved 50.6% YoY; ended Q1 with $143.3M cash; extended undrawn revolver to $50M through 2026.","Gross margin fell to 40.1% from 51.9% due to promotional activity, inventory write-downs, and manufacturing transition costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001653909-23-000062","json":"https://secwatch.observer/filing/0001653909-23-000062.json","markdown":"https://secwatch.observer/filing/0001653909-23-000062.md","text":"https://secwatch.observer/filing/0001653909-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653909/000165390923000062/0001653909-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653909/000165390923000062/bird-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:20:19.773626+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11fffbe35b87eabf6188f50ac987b2778b58899c","claim":"Allbirds, Inc. reported first quarter ended March 31, 2023 results: revenue $54.4 million, net income $35.2 million, EPS $0.23 per basic and diluted share.","evidence_excerpt":"footwear and apparel products in a better way, today reported financial results for the first quarter ended March 31, 2023. Q1 2023 Overview • Net revenue decreased 13.4% to $54.4 million compared to 2022 and increased 9.5% compared to 2021 • Net loss of $35.2 million, or $0.23 per basic and diluted share • Adjusted EBITDA 1 loss of $21.7 million • Announced","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390923000062/0001653909-23-000062-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$54.4 million"},{"label":"Net income","value":"$35.2 million"},{"label":"EPS","value":"$0.23 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"03387a9f5a","claim":"Timothy Brown changed role as Co-Founder and Chief Innovation Officer at Allbirds, Inc..","evidence_excerpt":"On May 4, 2023, Timothy Brown, Co-Chief Executive Officer of the Company, and the Company agreed that Mr. Brown would transition from Co-Chief Executive Officer to Co-Founder and Chief Innovation Officer, a non-executive role, effective May 4, 2023 (the “Effective Date”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390923000062/0001653909-23-000062-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"Co-Founder and Chief Innovation Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}