Is Smartbird going out of business?

Smartbird, Inc. (BIRD) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Smartbird, Inc. (BIRD) scores 10 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: FCF margin: -76.06%

Five questions, kept separate

Survival - Critical

4-7 mo of estimated runway from 2026-06-30, based on $37.4M of cash and short-term investments against $80.4M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-69.3% operating margin and -76.1% FCF margin produce a poor Business Quality assessment.

Trajectory - Deteriorating

Revenue weakened 19.3%; operating margin weakened 11.7pp; FCF margin improved 26.6pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-278% FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• FCF margin: -76.06%
• Debt / Equity: -1.02x (Net Cash)
• ROE quality: -341.86%
• Asset Efficiency: 2.29x
• ROIC: -421.84%
• Filing event risk: Going-Concern Warning (-8 pts)
• Gross margin: 0.00%
• Shares dilution YoY: 11.12% (YoY)
• Return on Assets: -166.97%
• Debt Maturity Runway: 100% long-term (Long-term focused)
• Net income trend: -5.60%
• Cash Burn Deceleration: -570.89% QoQ improvement (Worsening)

Read from filings through 2026-08-19.

Price as of 2026-09-11.