Smartbird, Inc. (BIRD) intrinsic value & 10-year financials
Smartbird, Inc. (BIRD) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue shrank 3.9% a year to $152.5M, with an average return on invested capital of -8.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.38
- Market cap
- $19.4M
- Revenue (FY2025)
- $152.5M
- Revenue growth (8-yr CAGR)
- -3.9%
- ROIC (10-yr avg)
- -8.1%
- Free cash flow (FY2025)
- -$58.2M
BIRD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $152.5M | -$77.3M | -$9.47 | -$58.2M | -52.4% | -133.5% |
| FY2024 | $189.8M | -$93.3M | -$11.87 | -$68.0M | -51.4% | -92.1% |
| FY2023 | $254.1M | -$152.5M | -$1.01 | -$41.1M | -60.2% | -80.7% |
| FY2022 | $297.8M | -$101.4M | -$0.68 | -$121.9M | -33.7% | -56.7% |
| FY2021 | $277.5M | -$45.4M | -$0.65 | -$75.0M | -11.8% | -30.3% |
| FY2020 | $219.3M | -$25.9M | -$0.49 | -$48.9M | -13.3% | 145.6% |
| FY2019 | $193.7M | -$14.5M | -$0.28 | -$13.1M | -4.7% | 190.7% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Allbirds, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Allbirds, Inc. has historically struggled to out-earn its cost of capital, averaging just -35.1% ROIC.
Allbirds, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Allbirds, Inc. is modeled at -3.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5.56 per share.