Smartbird, Inc. (NASDAQ:BIRD)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $105.7M
- Net income
- -$77.0M
- Net margin
- -72.8%
A manageable debt load.
- Total debt
- $14.5M
- Cash
- $37.4M
- Debt / equity
- 0.64
Comfortably covers what is due within a year.
- Current assets
- $40.9M
- Current liabilities
- $11.1M
- Current ratio
- 3.70
Consumes cash and must keep raising it.
- Operating cash flow
- -$41.7M
- Free cash flow
- -$46.2M
- FCF margin
- -43.7%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 9.2M
- Share growth (1y)
- 13.3%
- Cash runway
- 11 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BIRD Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 29, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 2.76 M | 22.32 M | 47.68 M | 32.99 M | 39.69 M | 32.11 M |
| Revenue Growth (YoY) | -93.05 % | -30.50 % | -14.63 % | -23.27 % | -23.06 % | -18.34 % |
| Cost of Revenue | 2.76 M | 17.49 M | 29.92 M | 18.75 M | 23.53 M | 17.71 M |
| Gross Profit | 0.00 | 4.83 M | 17.76 M | 14.24 M | 16.15 M | 14.40 M |
| SG&A Expense | 10.70 M | 25.92 M | 34.42 M | 33.40 M | 32.68 M | 37.23 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 10.70 M | 24.55 M | 34.42 M | 34.13 M | 32.68 M | 37.23 M |
| Operating Income | -10.70 M | -19.71 M | -16.66 M | -19.89 M | -16.53 M | -22.83 M |
| Pretax Income | -12.81 M | -20.64 M | -19.41 M | -20.25 M | -15.42 M | -21.81 M |
| Tax Provision | -28.00 K | 79.00 K | 174.00 K | 72.00 K | 81.00 K | 66.00 K |
| Net Income | -16.37 M | -20.72 M | -19.58 M | -20.32 M | -15.50 M | -21.88 M |
| EPS (Basic) | -1.79 | -2.39 | -2.35 | -2.49 | -1.92 | -2.73 |
| EPS (Diluted) | -1.79 | -2.39 | -2.35 | -2.49 | -1.92 | -2.73 |
| Shares Outstanding | 9.16 M | 8.21 M | 8.16 M | 8.17 M | 8.09 M | 8.02 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.