Every 10-Q that Smartbird, Inc. (BIRD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BIRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BIRD filings page.
Smartbird, Inc. (BIRD) has completed a major strategic shift, selling all assets and liabilities of its historical Allbirds footwear business for $40.7 million in cash and pivoting to a new, highly speculative AI Infrastructure Business focused on GPUs and high‑performance computing. The sale generated a $21.6 million gain and allowed repayment of $19.7 million outstanding under its revolving Credit Agreement, which was fully extinguished.
For the quarter ended June 30, 2026, continuing operations generated $2.8 million in net revenue, all from a single U.S. customer, and a net loss from continuing operations of $12.8 million, with total net loss of $16.4 million. Total assets were $46.1 million and stockholders’ equity $22.5 million, down sharply from year‑end due to the divestiture.
Liquidity improved: cash and cash equivalents were $37.4 million (cash, cash equivalents and restricted cash $38.6 million), aided by ATM equity issuance of $15.4 million and issuance of $8.25 million principal amount of 12% senior secured Convertible Notes (fair value $8.2 million). Management states that, after the asset sale, cost cuts, the AI strategy and new financings, prior substantial doubt about going concern has been alleviated for the next twelve months, but the company emphasizes that the new AI business is unproven, capital‑intensive, and subject to significant competitive, technology, regulatory, and customer‑concentration risks.
Allbirds, Inc. (BIRD) filed its Q3 2025 10-Q, reporting continued operating losses and a liquidity update. Net revenue was $32.989 million, down from $42.996 million a year ago, while net loss was $20.324 million versus $21.177 million. Gross profit was $14.241 million and operating expense fell to $34.126 million.
The company ended the quarter with cash and cash equivalents of $23.704 million and used $51.809 million of cash in operating activities year-to-date. Management concluded that conditions raise substantial doubt about the company’s ability to continue as a going concern for twelve months from issuance. To support liquidity, Allbirds entered a $50 million revolving credit facility on June 30, 2025 and had $12.313 million outstanding at quarter-end.
Additional items include $5.1 million year-to-date inventory write-downs, a $0.5 million property and equipment impairment, and a $0.2 million impairment of an equity investment. A change in gift card breakage estimates in Q1 2025 increased revenue by about $1.9 million. Shares outstanding were 5,670,752 Class A and 2,542,340 Class B as of November 1, 2025.