Allbirds, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
BIRD$1.26-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(77,283) | $(93,318) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 8,019 | 12,396 |
| Amortization of debt issuance costs | 482 | 8 |
| Stock-based compensation | 7,763 | 11,472 |
| Inventory write-down | 2,750 | 2,686 |
| Loss on disposal of assets | 391 | — |
| Deferred taxes | 65 | 912 |
| Impairment expense | 4,225 | 1,800 |
| Net loss from sales of businesses | — | 459 |
| Gift card breakage | (1,995) | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | (643) | 1,963 |
| Inventory | 3,006 | 6,903 |
| Prepaid expenses and other current assets | 4,078 | 1,624 |
| Operating lease right-of-use assets and current and noncurrent lease liabilities | (8,295) | (11,300) |
| Accounts payable and accrued expenses | 2,592 | 1,016 |
| Other long-term liabilities | (29) | (9) |
| Deferred revenue | (209) | (472) |
| Net cash used in operating activities | (55,083) | (63,860) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (3,145) | (4,095) |
| Proceeds from sales of businesses | 390 | 4,010 |
| Changes in security deposits | 852 | 2,203 |
| Net cash (used in) provided by investing activities | (1,903) | 2,118 |
| Cash flows from financing activities: | ||
| Proceeds from line of credit | 19,226 | — |
| Payments on line of credit | (1,855) | — |
| Proceeds from the issuance of common stock in at-the-market (ATM) offerings, net of costs | 1,697 | — |
| Proceeds from issuance of common stock under the employee stock purchase plan | 119 | 254 |
| Proceeds from the exercise of stock options | 8 | 34 |
| Taxes withheld and paid on employee stock awards | (4) | (1) |
| Payment of deferred financing costs | (3,118) | — |
| Net cash provided by financing activities | 16,073 | 287 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 882 | (1,635) |
| Net decrease in cash, cash equivalents, and restricted cash | (40,031) | (63,090) |
| Cash, cash equivalents, and restricted cash—beginning of year | 67,583 | 130,673 |
| Cash, cash equivalents, and restricted cash—end of year | $27,552 | $67,583 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $58 | $124 |
| Noncash investing and financing activities: | ||
| Purchase of property and equipment included in accrued liabilities | $24 | $54 |
| Stock-based compensation included in capitalized internal-use software | $113 | $267 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $26,690 | $66,732 |
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Restricted cash included in prepaid expenses and other current assets | 862 | 851 |
| Total cash, cash equivalents, and restricted cash | $27,552 | $67,583 |
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