---
schema_version: "secwatch.filing_event.v1"
accession: "0001653909-23-000100"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:40:49.754528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Allbirds Q3 revenue down 21% to $57.2M; net loss widens to $31.6M

## Summary
- Net revenue $57.2M, -21.2% YoY; net loss $31.6M ($0.21 per share) vs $25.2M a year ago.
- Adjusted EBITDA loss $19.0M vs $14.8M; margin declined to (33.1)% from (20.4)%.
- Gross margin narrowed to 43.5% from 44.8%; SG&A 76.1% of revenue vs 61.4%.
- Inventory down 37% to $79.9M; operating cash use improved to $5.4M from $17.5M.
- Progress on strategic transformation: transitioned to distributor model in Canada and South Korea.

## SEC filing metadata
- accession: 0001653909-23-000100
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000165390923000100/0001653909-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000165390923000100/bird-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653909-23-000100
- JSON: https://secwatch.observer/filing/0001653909-23-000100.json
- Plain text: https://secwatch.observer/filing/0001653909-23-000100.txt

## Key facts
- Earnings Releases
  Allbirds, Inc. reported the quarter ended September 30, 2023 results: revenue $57.2 million, net income $31.6 million, EPS $0.21 per basic and diluted share.
  - Period: the quarter ended September 30, 2023
  - Revenue: $57.2 million
  - Net income: $31.6 million
  - EPS: $0.21 per basic and diluted share
  - Result: reported results
  source text: footwear and apparel products in a better way, today reported financial results for the third quarter ended September 30, 2023. Q3 2023 Overview • Net revenue decreased 21.2% to $57.2 million versus a year ago and decreased 8.7% compared to Q3 2021 • Net loss of $31.6 million, or $0.21 per basic and diluted share • Adjusted EBITDA 1 loss of $19.0 million • Ending
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000165390923000100/0001653909-23-000100-index.htm

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