BIRD
Smartbird, Inc
NasdaqGSUSDEQUITY
Technology
DELAYED
Neutral
+9/100
Last price
3.17
▼ 0.24 (7.04%)
MARKET · —
Price
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Tool
1D
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Range —
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Open
—
Prev close
3.41
Day high
3.43
Day low
3.14
Volume
468.14K
Market cap
$37.44M
P/E (TTM)
—
52W range
2.15 – 24.31
Trailing performance
Returnvs SPY
1W
+35.47%
+33.5%
1M
+25.79%
+24.6%
3M
-8.65%
-13.2%
6M
+25.79%
+7.6%
YTD
-22.68%
-36.9%
1Y
-50.85%
-67.3%
3Y
-85.72%
-168.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BIRD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+2.27M
Net buying
Buy transactions
4
2.47M shares
Sell transactions
7
201.15K shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
1.12M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 18, 26 | BOYCE RICHARD W Director |
— | 48.28K | — | Indirect |
| Sep 18, 26 | BOYCE RICHARD W Director |
SELL | 48.28K | $111.52K | Indirect |
| Sep 18, 26 | MITCHELL ANNIE Chief Financial Officer |
SELL | 19.51K | $44.87K | Direct |
| Sep 2, 26 | MITCHELL ANNIE Chief Financial Officer |
SELL | 1.75K | $4.28K | Direct |
| Aug 25, 26 | BOYCE RICHARD W Director |
SELL | 9.20K | $21.90K | Direct |
| Jun 25, 26 | CARLSTEN NADIA CATHERINE Chief Executive Officer |
SELL | 117.46K | $494.63K | Direct |
| Jun 18, 26 | MITCHELL ANNIE Chief Financial Officer |
STOCK | 766.19K | $0 | Direct |
| Jun 18, 26 | CARLSTEN NADIA CATHERINE Chief Executive Officer |
STOCK | 1.53M | $0 | Direct |
| Jun 18, 26 | HUGHES LILY YAN Director |
STOCK | 125.00K | $0 | Direct |
| Jun 2, 26 | VERNACHIO JOSEPH Chief Executive Officer |
SELL | 3.36K | $15.01K | Direct |
| Jun 2, 26 | MITCHELL ANNIE Chief Financial Officer |
SELL | 1.59K | $7.17K | Direct |
| Mar 3, 26 | VERNACHIO JOSEPH Chief Executive Officer |
SELL | 4.41K | $11.87K | Direct |
| Mar 3, 26 | MITCHELL ANNIE Chief Financial Officer |
SELL | 2.20K | $5.93K | Direct |
| Dec 2, 25 | VERNACHIO JOSEPH Chief Executive Officer |
SELL | 4.38K | $21.33K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOYCE RICHARD W |
Director | — | Conversion of Exercise of derivative security |
CARLSTEN NADIA CATHERINE |
Chief Executive Officer | 1.41M | Sale |
FREEMAN ANN |
Director | 14.51K | Stock Award(Grant) |
HUGHES LILY YAN |
Director | 147.22K | Stock Award(Grant) |
LEVITAN DAN |
Director and Beneficial Owner of more than 10% of a Class of Security | 23.65K | Stock Award(Grant) |
MITCHELL ANNIE |
Chief Financial Officer | 821.12K | Sale |
THANAWALA RAVI |
Director | 14.53K | Stock Award(Grant) |
VERNACHIO JOSEPH |
Chief Executive Officer | 82.21K | Sale |
ZWILLINGER JOSEPH |
Director and Beneficial Owner of more than 10% of a Class of Security | 6.20K | Stock Award(Grant) |
Fundamentals
Market cap$37.44M
Enterprise value$14.52M
Revenue (TTM)$155.22M
Gross profit$62.55M
EBITDA$-72.45M
Net income$-83.55M
EPS (TTM)$-6.45
Free cash flow$1.66M
Total cash$37.38M
Total debt$14.47M
Book value / share$1.91
Shares outstanding9.32M
Float7.50M
Short % of float14.15%
Dividend yield0.00%
Beta (5Y)2.60
Valuation & profitability ratios
Trailing P/E—
Forward P/E-0.46
PEG ratio—
Price / sales—
Price / book1.66
EV / revenue0.09
EV / EBITDA-0.20
Gross margin40.30%
Operating margin-387.78%
Profit margin-49.61%
Return on equity-177.98%
Return on assets-54.27%
Debt / equity64.23
Current ratio3.70
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $152.47M | $189.76M | $254.06M | $297.77M | -19.7% |
| Operating revenue | $152.47M | $189.76M | $254.06M | $297.77M | -19.7% |
| Cost of revenue | $89.92M | $108.69M | $149.83M | $168.14M | -17.3% |
| Gross profit | $62.55M | $81.06M | $104.23M | $129.63M | -22.8% |
| Selling, general & admin | $137.73M | $175.02M | $223.09M | $225.84M | -21.3% |
| Total operating expense | $137.73M | $175.02M | $223.09M | $225.84M | -21.3% |
| Operating income | -$75.17M | -$93.95M | -$118.85M | -$96.22M | +20.0% |
| Net interest income | -$1.07M | $3.49M | $4.08M | $19.00K | -130.6% |
| Pre-tax income | -$76.89M | -$91.45M | -$152.12M | -$100.13M | +15.9% |
| Tax provision | $393.00K | $1.87M | $334.00K | $1.23M | -79.0% |
| Net income | -$77.28M | -$93.32M | -$152.46M | -$101.35M | +17.2% |
| Net income to common | -$77.28M | -$93.32M | -$152.46M | -$101.35M | +17.2% |
| Basic EPS | -9.47 | -11.87 | -20.20 | -13.60 | +20.2% |
| Diluted EPS | -9.47 | -11.87 | -20.20 | -13.60 | +20.2% |
| EBIT | -$75.82M | -$93.95M | -$118.85M | -$96.22M | +19.3% |
| EBITDA | -$67.80M | -$81.56M | -$97.85M | -$81.54M | +16.9% |
| Basic shares | 8.16M | 7.86M | 7.58M | 7.44M | +3.8% |
| Diluted shares | 8.16M | 7.86M | 7.58M | 7.44M | +3.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $26.69M | $66.73M | $130.03M | $167.14M | -60.0% |
| Cash & short-term investments | $26.69M | $66.73M | $130.03M | $167.14M | -60.0% |
| Accounts receivable | $6.84M | $6.17M | $8.19M | $9.21M | +10.9% |
| Inventory | $38.88M | $44.12M | $57.76M | $116.80M | -11.9% |
| Total current assets | $82.12M | $130.56M | $212.41M | $308.93M | -37.1% |
| Property, plant & equipment | $23.56M | $55.91M | $93.17M | $145.57M | -57.9% |
| Goodwill & intangibles | $75.00K | $42.00K | $82.00K | $133.00K | +78.6% |
| Total assets | $109.42M | $188.88M | $312.70M | $462.36M | -42.1% |
| Total current liabilities | $40.64M | $44.37M | $48.61M | $50.01M | -8.4% |
| Long-term debt | $17.37M | — | — | — | — |
| Total debt | $39.64M | $53.67M | $93.95M | $105.85M | -26.1% |
| Total liabilities | $73.50M | $87.19M | $127.38M | $145.59M | -15.7% |
| Retained earnings | -$561.80M | -$484.52M | -$391.20M | -$238.74M | -16.0% |
| Shareholder equity | $35.91M | $101.69M | $185.33M | $316.77M | -64.7% |
| Working capital | $41.47M | $86.19M | $163.80M | $258.92M | -51.9% |
| Net tangible assets | $35.84M | $101.64M | $185.25M | $316.64M | -64.7% |
| Shares issued | 8.72M | 8.00M | 7.76M | 7.50M | +9.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$77.28M | -$93.32M | -$152.46M | -$101.35M | +17.2% |
| Depreciation & amortisation | $8.02M | $12.40M | $21.00M | $14.68M | -35.3% |
| Stock-based compensation | $7.76M | $11.47M | $19.35M | $19.87M | -32.3% |
| Change in working capital | $500.00K | -$275.00K | $43.83M | -$40.65M | +281.8% |
| Operating cash flow | -$55.08M | -$63.86M | -$30.22M | -$90.58M | +13.7% |
| Capital expenditure | -$3.15M | -$4.09M | -$10.87M | -$31.36M | +23.2% |
| Investing cash flow | -$1.90M | $2.12M | -$7.71M | -$32.29M | -189.8% |
| Financing cash flow | $16.07M | $287.00K | $640.00K | $3.58M | +5,500.3% |
| Free cash flow | -$58.23M | -$67.95M | -$41.09M | -$121.95M | +14.3% |
| End cash position | $27.55M | $67.58M | $130.67M | $167.77M | -59.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $2.76M | $22.32M | $47.68M | $32.99M | $0 | — | -87.6% |
| Operating revenue | $2.76M | $22.32M | $47.68M | $32.99M | $0 | — | -87.6% |
| Cost of revenue | $2.76M | $16.11M | $29.92M | $18.75M | $0 | — | -82.9% |
| Gross profit | $0 | $6.21M | $17.76M | $14.24M | $0 | — | -100.0% |
| Selling, general & admin | $10.70M | $25.92M | $34.42M | $33.40M | $5.06M | — | -58.7% |
| Total operating expense | $10.70M | $25.92M | $34.42M | $33.40M | $5.06M | — | -58.7% |
| Operating income | -$10.70M | -$19.71M | -$16.66M | -$19.16M | -$5.06M | — | +45.7% |
| Net interest income | -$1.38M | -$842.00K | -$1.08M | -$370.00K | $0 | — | -63.8% |
| Pre-tax income | -$12.81M | -$20.64M | -$19.41M | -$20.25M | -$5.06M | — | +38.0% |
| Tax provision | -$28.00K | $79.00K | $174.00K | $72.00K | $81.00K | — | -135.4% |
| Net income | -$16.37M | -$20.72M | -$19.58M | -$20.32M | -$15.50M | — | +21.0% |
| Net income to common | -$16.37M | -$20.72M | -$19.58M | -$20.32M | -$15.50M | — | +21.0% |
| Basic EPS | -1.79 | -2.37 | — | -2.49 | -1.92 | -2.73 | +24.5% |
| Diluted EPS | -1.79 | -2.37 | — | -2.49 | -1.92 | -2.73 | +24.5% |
| EBIT | -$11.35M | -$19.71M | -$17.31M | -$19.88M | -$5.06M | — | +42.4% |
| EBITDA | -$11.35M | -$18.34M | -$15.01M | -$19.88M | -$5.06M | — | +38.1% |
| Basic shares | 9.16M | 8.74M | — | 8.17M | 8.09M | 8.02M | +4.9% |
| Diluted shares | 9.16M | 8.74M | — | 8.17M | 8.09M | 8.02M | +4.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $37.38M | $14.40M | $26.69M | $23.70M | $33.14M | +159.6% |
| Cash & short-term investments | $37.89M | $14.40M | $26.69M | $23.70M | $33.14M | +163.2% |
| Accounts receivable | $528.00K | $3.58M | $6.84M | $4.20M | $5.40M | -85.2% |
| Inventory | $0 | $37.20M | $38.88M | $43.13M | $42.24M | -100.0% |
| Total current assets | $40.95M | $64.75M | $82.12M | $80.72M | $94.28M | -36.8% |
| Property, plant & equipment | $2.50M | $17.24M | $23.56M | $34.77M | $37.61M | -85.5% |
| Goodwill & intangibles | $17.00K | $75.00K | $75.00K | $77.00K | $78.00K | -77.3% |
| Total assets | $46.12M | $84.73M | $109.42M | $119.91M | $136.82M | -45.6% |
| Total current liabilities | $11.06M | $40.78M | $40.64M | $34.09M | $36.95M | -72.9% |
| Long-term debt | $8.19M | $17.44M | $17.37M | $12.31M | $5.00M | -53.1% |
| Total debt | $14.47M | $33.27M | $39.64M | $43.25M | $38.14M | -56.5% |
| Total liabilities | $23.59M | $68.45M | $73.50M | $67.98M | $65.46M | -65.5% |
| Retained earnings | -$598.89M | -$582.52M | -$561.80M | -$542.22M | -$521.89M | -2.8% |
| Shareholder equity | $22.52M | $16.27M | $35.91M | $51.93M | $71.36M | +38.4% |
| Working capital | $29.89M | $23.97M | $41.47M | $46.63M | $57.34M | +24.7% |
| Net tangible assets | $22.51M | $16.20M | $35.84M | $51.85M | $71.28M | +38.9% |
| Shares issued | 11.81M | 8.76M | 8.72M | 8.21M | 8.15M | +34.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $1.85M | -$20.72M | -$19.58M | -$45.09M | $9.27M | — | +109.0% |
| Depreciation & amortisation | — | $1.38M | $2.30M | $1.92M | $1.90M | $1.90M | — |
| Stock-based compensation | $1.23M | $1.17M | $1.81M | $5.20M | -$1.53M | — | +5.4% |
| Change in working capital | $5.16M | $3.27M | $7.69M | -$5.51M | $7.29M | — | +57.8% |
| Operating cash flow | -$11.12M | -$12.06M | -$3.27M | -$15.23M | -$8.69M | — | +7.8% |
| Capital expenditure | -$2.69M | -$72.00K | -$870.00K | -$904.00K | -$728.00K | — | -3,630.6% |
| Investing cash flow | $36.00M | $65.00K | -$469.00K | -$540.00K | -$680.00K | — | +55,284.6% |
| Financing cash flow | -$1.92M | $72.00K | $6.81M | $7.11M | $2.15M | — | -2,772.2% |
| Free cash flow | -$13.81M | -$12.14M | -$4.14M | -$16.14M | -$9.42M | — | -13.8% |
| End cash position | $38.59M | $15.61M | $27.55M | $24.56M | $34.00M | — | +147.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Dec 2025 | -2.30 | -1.84 | +20.0% |
| Sep 2025 | -2.68 | -2.40 | +10.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -1.10 | 1 | $2.76M | -91.6% |
| Next quarter | -1.19 | 1 | $2.76M | -94.2% |
| Current year | -5.96 | 1 | $30.59M | -79.9% |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy0 / 0
Hold1
Sell / Strong sell0 / 0
Held by insiders9.48%
Held by institutions23.55%
Institutions holding56
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.78
+14.09% from price
SMA 20
2.59
+22.35% from price
SMA 50
2.50
+26.82% from price
SMA 100
3.17
-0.01% from price
SMA 200
3.74
-15.25% from price
EMA 12
2.86
+10.79% from price
EMA 26
2.68
+18.19% from price
EMA 50
2.74
+15.51% from price
RSI (14)
64.2
Neutral
MACD (12,26,9)
0.18
Hist 0.12
ATR (14)
0.24
7.63% of price
Realised vol 30D
111.5%
Annualised
Bollinger upper
3.38
20, 2σ
Bollinger lower
1.80
20, 2σ
50 / 200 cross
Death
2.50 vs 3.74
Trend bias
Below 200
-15.25%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
3.95
More volatile than market
Correlation to SPY
0.09
Largely independent
Realised vol 30D
111.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-87.0%
Peak to trough
Max drawdown 5Y
-99.6%
Peak to trough
ATR 14
0.24
7.63% of price
Beta (reported)
2.60
5Y monthly, from filing
Short interest
Shares short
1.18M
Prior 1.27M
Change vs prior
-7.1%
Shorts covering
% of float
14.15%
Elevated
% of shares out
10.02%
Against total outstanding
Days to cover
1.9
Liquid
Float
7.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 11, 25 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| May 12, 25 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 11, 25 | Maxim Group | INITIATED | — | Buy |
| Jan 21, 25 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| May 9, 24 | Wedbush | MAINTAINED | Neutral | Neutral |
| Mar 13, 24 | Wedbush | MAINTAINED | Neutral | Neutral |
| Mar 13, 24 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Mar 13, 24 | Telsey Advisory Group | MAINTAINED | Market Perform | Market Perform |
| Mar 6, 24 | Telsey Advisory Group | MAINTAINED | Market Perform | Market Perform |
| Dec 14, 23 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Nov 9, 23 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Nov 9, 23 | Wedbush | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay dateAug 20, 2026
Last split1:20
Split dateSep 5, 2024
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-01
Corporate Changes & Voting Matters
8-K · 2026-08-19
Periodic Financial Reports
NT 10-Q · 2026-08-17
Annual Report to Shareholders
ARS · 2026-08-11
Corporate Changes & Voting Matters
8-K · 2026-08-10
Proxy Statements
PRE 14A · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-07-01
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Letter to Shareholders from Smartbird CEO Nadia Carlsten
GlobeNewswire · 49d ago
Allbirds’ New IP Owner Reveals First Details About the Brand’s Future in Footwear — Not AI
Footwear News · 64d ago
Smartbird Nominates Tech Industry Veterans Elizabeth Mora and Dan Kasun for Election to Its Board of Directors
GlobeNewswire · 64d ago
More Footwear M&A Activity Could Be on the Way
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