---
schema_version: "secwatch.filing_event.v1"
accession: "0001861449-23-000175"
form_type: "8-K"
ticker: null
cik: "0001861449"
company_name: "Bird Global, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:22:36.323903+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bird reports Q2 net loss improvement to $9.3M, CEO Torchiana terminated, Washinushi named interim CEO

## Summary
- Net loss improved to $9.3M from $320.3M YoY; revenue $48.3M (-28% YoY).
- Gross margin 40% vs (35)% prior year; ride profit margin (before depreciation) 57% (+10 pts).
- CEO Shane Torchiana terminated effective Aug 9, 2023; CFO Michael Washinushi appointed interim CEO.
- Adjusted EBITDA loss narrowed to $1.2M from $28.9M; free cash flow -$1.8M vs -$24.2M.
- Total operating expenses decreased 89% YoY to $36.1M, adjusted operating expenses down 50%.

## SEC filing metadata
- accession: 0001861449-23-000175
- form_type: 8-K
- cik: 0001861449
- company_name: Bird Global, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 5.08, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000175/0001861449-23-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000175/brds-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001861449-23-000175
- JSON: https://secwatch.observer/filing/0001861449-23-000175.json
- Plain text: https://secwatch.observer/filing/0001861449-23-000175.txt

## Key facts
- Earnings Releases
  Bird Global, Inc. reported the three and six month periods ending on and as of June 30, 2023 results: revenue $48.3 million, net income $(9.3) million.
  - Period: the three and six month periods ending on and as of June 30, 2023
  - Revenue: $48.3 million
  - Net income: $(9.3) million
  - Result: reported results
  source text: operational execution and becoming a profitable company." Quarter Ended June 30, 2023 Financial Results • Consistent with operating in fewer markets than last year, revenue was $48.3 million compared to $66.8 million in the second quarter of 2022. • Consolidated gross margin as a percentage of revenue was 40%, a 75 percentage basis point increase compared to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000175/0001861449-23-000175-index.htm
- Executive change
  Shane Torchiana was terminated as Chief Executive Officer at Bird Global, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On August 9, 2023, the Board of Directors (the “Board”) of the Company terminated Shane Torchiana as Chief Executive Officer of the Company, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000175/0001861449-23-000175-index.htm
- Executive change
  Michael Washinushi was appointed as Interim Chief Executive Officer at Bird Global, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On August 9, 2023, the Board appointed Michael Washinushi as the Company’s Interim Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000175/0001861449-23-000175-index.htm

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