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Mar 31, 2025
Allbirds Q1 2025 Earnings Report
Reports First Quarter 2025 Financial Results
Key Takeaways
Allbirds reported first quarter 2025 financial results that were in line with or above guidance ranges. Net revenue decreased 18.3% year-over-year to $32.1 million, gross margin declined to 44.8%, and the company reported a net loss of $21.9 million. Adjusted EBITDA loss improved to $18.6 million and exceeded the company's guidance range.
First quarter net revenue was $32.1 million, an 18.3% decrease compared to the prior year, but within the company's guidance range.
Gross margin declined 210 basis points to 44.8% compared to 46.9% in the first quarter of 2024.
Net loss for the quarter was $21.9 million, resulting in a loss of $2.73 per basic and diluted share.
Adjusted EBITDA loss improved to $18.6 million compared to a loss of $20.9 million in the prior year period, exceeding the company's guidance range.
Revenue by Geographic Location
Forward Guidance
Allbirds reiterated its full year 2025 financial guidance and provided second quarter 2025 guidance, which includes negative impacts from international distributor transitions and U.S. store closures.
Positive Outlook
- Expecting topline momentum in the second half of 2025.
- Positive indicators from initial product and marketing initiatives.
- Strong execution positioning for future growth.
- Confident in the long-term trajectory.
- Full Year 2025 Adjusted EBITDA loss guidance implies improvement from the prior year.
Challenges Ahead
- Full Year 2025 net revenue guidance is $175 million to $195 million, below the prior year's revenue.
- Guidance includes negative impacts of $18 million to $23 million from strategic transitions.
- Full Year 2025 Adjusted EBITDA loss is expected to be between $65 million and $55 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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