Allbirds, Inc. (BIRD) Financial Statements (2024 and earlier)

Company Profile

Business Address 730 MONTGOMERY STREET
SAN FRANCISCO, CA 94111
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments139,909143,307167,136180,727207,294239,715
Cash and cash equivalents139,909143,307167,136180,727207,294239,715
Restricted cash and investments636634632630630630
Receivables11,60412,94515,62630,15825,82326,352
Inventory, net of allowances, customer advances and progress billings92,849109,494116,796126,470122,297118,470
Inventory92,849109,494116,796126,470122,297118,470
Prepaid expense6,1535,8136,2836,6708,21910,289
Deposits current assets592468463823859929
Other undisclosed current assets1,4771,4341,9985,7945,4925,969
Total current assets:253,220274,095308,934351,272370,614402,354
Noncurrent Assets
Operating lease, right-of-use asset93,34394,78391,232   
Property, plant and equipment52,35052,57054,34052,21147,86042,936
Other noncurrent assets6,9077,8807,85810,08510,0596,092
Total noncurrent assets:152,600155,233153,43062,29657,91949,028
TOTAL ASSETS:405,820429,328462,364413,568428,533451,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,19518,69825,19956,93051,73751,134
Taxes payable19,28019,99016,876
Employee-related liabilities5,9723,6144,100
Accounts payable10,3207,29512,24517,77115,09617,061
Accrued liabilities8,87511,40312,95413,90713,03713,097
Deferred revenue3,7423,6734,0573,3983,2123,587
Other undisclosed current liabilities22,21920,83620,7563,1893,5213,876
Total current liabilities:45,15643,20750,01263,51758,47058,597
Noncurrent Liabilities
Liabilities, other than long-term debt96,81898,31395,58317,67615,74312,465
Other liabilities   17,67615,74312,465
Operating lease, liability96,81898,31395,583   
Total noncurrent liabilities:96,81898,31395,58317,67615,74312,465
Total liabilities:141,974141,520145,59581,19374,21371,062
Equity
Equity, attributable to parent, including:263,846287,808316,769332,375354,320380,320
Additional paid in capital570,818565,081559,106553,333546,346539,578
Accumulated other comprehensive loss(4,143)(3,381)(3,611)(7,097)(3,407)(8)
Accumulated deficit(302,844)(273,907)(238,741)(213,876)(188,634)(159,265)
Other undisclosed equity, attributable to parent151515151515
Total equity:263,846287,808316,769332,375354,320380,320
TOTAL LIABILITIES AND EQUITY:405,820429,328462,364413,568428,533451,382

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues70,48054,35284,17872,65178,17462,763
Cost of revenue(40,332)(32,535)(47,875)(40,120)(49,983)(30,160)
Cost of goods and services sold(4,800)(2,357)(1,762) (9,800) 
Gross profit:30,14821,81736,30332,53128,19132,603
Operating expenses(59,772)(57,496)(61,766)(58,045)(57,520)(52,582)
Operating loss:(29,624)(35,679)(25,463)(25,514)(29,329)(19,979)
Nonoperating income (expense)(71)(74)(254)155338(100)
Investment income, nonoperating      
Other nonoperating income (expense)(71)(74)(254)155338(100)
Interest and debt expense    (35)(35)(37)
Other undisclosed income from continuing operations before equity method investments, income taxes   107   
Loss from continuing operations before equity method investments, income taxes:(29,695)(35,753)(25,610)(25,394)(29,026)(20,116)
Other undisclosed income from continuing operations before income taxes1,03480819   
Loss from continuing operations before income taxes:(28,661)(34,945)(25,591)(25,394)(29,026)(20,116)
Income tax expense (benefit)(276)(221)726153(342)(1,762)
Loss from continuing operations:(28,937)(35,166)(24,865)(25,241)(29,368)(21,878)
Loss before gain (loss) on sale of properties:(25,241)(29,368)(21,878)
Net loss available to common stockholders, diluted:(28,937)(35,166)(24,865)(25,241)(29,368)(21,878)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(28,937)(35,166)(24,865)(25,241)(29,368)(21,878)
Comprehensive loss:(28,937)(35,166)(24,865)(25,241)(29,368)(21,878)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(762)2303,486(3,690)(3,398)(674)
Comprehensive loss, net of tax, attributable to parent:(29,699)(34,936)(21,379)(28,931)(32,766)(22,552)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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