| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 32.99 | 16.9% | 23.3% |
| Total Income | 32.99 | 16.9% | 23.3% |
| Expenditure | 52.87 | 5.9% | 18.4% |
| PBT | -20.25 | 31.3% | 4.0% |
| Net Profit | -20.32 | 31.1% | 4.1% |
| OPM | -60.28% | 18.63pp | 9.62pp |
| NPM | -61.61% | 22.55pp | 12.35pp |
| EPS | -2.49 | 29.7% | 7.1% |
Allbirds Reports Q3 2025 Revenue of $33.0 Million, Down 23.3% Y-o-Y
04 May 2026 · 4 May, 7:52 am
Summary
Allbirds reported a net revenue of $33.0 million for the third quarter of 2025, a 23.3% decrease compared to the same period last year. The gross margin declined by 120 basis points to 43.2%. The net loss for the quarter was $20.3 million, and the adjusted EBITDA loss was $15.7 million. The company is updating its full year 2025 revenue outlook to $161 million to $166 million and reiterating the midpoint of its adjusted EBITDA guidance.
Key Highlights
- 1
Allbirds' third quarter net revenue was $33.0 million, a decrease of 23.3% versus the prior year.
- 2
The company's third quarter gross margin declined 120 basis points to 43.2% compared to last year.
- 3
Third quarter net loss amounted to $20.3 million, or $2.49 per basic and diluted share.
- 4
The adjusted EBITDA loss for the third quarter was $15.7 million, slightly above the company’s guidance range.
- 5
Inventory at the end of the quarter was $43.1 million, representing a decrease of 25.0% versus a year ago.
- 6
The company's full year 2025 net revenue is projected to be $161 million to $166 million.
- 7
Allbirds anticipates an adjusted EBITDA loss of $63 million to $57 million for the full year 2025.
Management Comments
Joe Vernachio
“We’re pleased to deliver third quarter results in line with our expectations, highlighted by a robust flow of new product introductions - many of which met with strong customer response. “Entering the final months of the year, we will continue to support our product engine with compelling marketing content to capture consumer mindshare and reignite growth. Throughout the holiday season, we will be spotlighting gifting ideas and emphasizing Allbirds’ core principles of Comfort, Style and Sustainability.” “Our teams are focused on accelerating progress under our turnaround in the quarters ahead,” added Vernachio. “At the same time, we are taking definitive steps to further reduce costs, enhance liquidity, and pursue value-creating opportunities.”
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