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Full BIRD fundamentals All 466 on the Survival Watch

BIRDAllbirds, Inc.

Is Allbirds struggling financially?

Yes, by its own account. Allbirds told the SEC on 15 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

15/100

Critical

Cries for help

  • Inventory

    We periodically review inventory and make write-downs as necessary to appropriately value end of life, slow-moving, damaged, and excess inventory.

    Form 10-Q, filed 15 May 2026. Read it on SEC.gov

Signs of a way out

Nothing in the filings we have read names a way out.

Sector
Industrial/Cyclical
Market cap
$28.9M
Source filing
10-Q 15 May 2026
Balance sheet
31 Mar 2026

Cash runway

1–2 mo

Runs out some time after May 2026, raising nothing.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$14.4M

÷

Cash burned over the last 12 months

$108.3M

What Allbirds told the SEC

…the date on which the financial statements are available for issuance. Such an evaluation indicated certain negative conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern. During the three months ended March 31, 2026 and 2025, the Company incurred net losses of $ 20.7 million and $ 21.9 million, respectively and net cash used in operating activities in…

Allbirds, Inc., Form 10-Q, filed 15 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • Debt pressure is material Debt is large against the cash on hand while the business generates little to service it, which puts lenders ahead of shareholders in the queue.

Other Industrial/Cyclical companies that filed the doubt