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Dec 31, 2024
Allbirds Q4 2024 Earnings Report
Allbirds reported a decline in revenue and gross margin in Q4 2024, with continued losses but improved cost control measures.
Key Takeaways
Allbirds reported Q4 2024 revenue of $55.9 million, a 22.4% decline from the prior year, primarily due to lower unit sales and international distributor transitions. The company reported a net loss of $25.7 million, or ($3.23) per share. Gross margin declined to 31.3% due to inventory adjustments and increased freight costs. However, cost-cutting initiatives helped reduce selling, general, and administrative expenses. The company remains focused on product innovation and strategic shifts to improve performance in 2025.
Q4 2024 revenue declined 22.4% year-over-year to $55.9 million.
Gross margin fell 670 basis points to 31.3% due to inventory adjustments and freight costs.
Net loss improved to $25.7 million from $56.8 million in Q4 2023.
Cash and cash equivalents stood at $66.7 million with no outstanding borrowings.
Allbirds
Allbirds
Allbirds Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Allbirds expects revenue between $175 million and $195 million in 2025, with continued cost reductions and strategic shifts to improve profitability.
Positive Outlook
- 2025 revenue guidance set between $175 million and $195 million.
- U.S. net revenue projected between $145 million and $160 million.
- International revenue forecasted between $30 million and $35 million.
- Strategic shift to distributor model expected to improve efficiency.
- Continued cost-cutting measures to improve financial performance.
Challenges Ahead
- Revenue decline expected due to transition to distributor model.
- First quarter 2025 revenue guidance below prior-year levels.
- Gross margin pressure may continue due to inventory adjustments.
- Marketing expenses remain high despite cost-cutting efforts.
- Competitive pressures in the footwear market remain a challenge.
Revenue & Expenses
Visualization of income flow from segment revenue to net income