BIRDNasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

Smartbird, Inc.

Smartbird, Inc. is a U.S.-based consumer apparel company that sells footwear and apparel through its own digital channels, retail stores, and selected third-party retail and distributor partners. The business is organized around a direct-to-consumer brand model supported by eCommerce, physical stores, and international wholesale relationships.

Liikevaihto152milj. USD
−19,7 %v/v
Liikevoitto (EBIT)−80,0milj. USD
+18,0 %v/v
EBIT-marginaali−52,4%
−1,0 %-yks.v/v
Nettotulos−77,3milj. USD
+17,2 %v/v
Vapaa kassavirta−58,2milj. USD
+14,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−1000100200300milj. USD2020: 219 milj. USD2020: EBIT −29 milj. USD20202021: 277 milj. USD2021: EBIT −33 milj. USD20212022: 298 milj. USD2022: EBIT −100 milj. USD20222023: 254 milj. USD2023: EBIT −153 milj. USD20232024: 190 milj. USD2024: EBIT −98 milj. USD20242025: 152 milj. USD2025: EBIT −80 milj. USD2025152−80
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Footwear70 %

Consumer shoes sold through direct and partner channels.

Apparel20 %

Lifestyle clothing and related apparel products.

Direct-to-Consumer Channels5 %

Sales through websites, mobile app, and digital platform.

Retail and Outlet Stores3 %

Company-operated physical stores and outlet locations.

Wholesale and Distributor Sales2 %

Sales through third-party retailers and distributors.

Asiakkaat

The company sells primarily to individual consumers who buy footwear and apparel for everyday wear, comfort, and brand preference. It also serves shoppers reached through third-party retailers and distributors, which extend the brand beyond the company’s own digital platform and stores. Customer acquisition depends heavily on digital marketing, social media, search, and email engagement.

Direct-to-consumer shoppers

Buy footwear and apparel through the company’s websites and digital platform because of brand discovery and convenience.

Retail store customers

Purchase in company-operated stores and outlet locations for product trial and immediate purchase.

Third-party retail customers

Buy through partner retailers and distributors that broaden reach and brand awareness.

International online customers

Shop localized digital channels in markets outside the U.S. where the brand is still building awareness.

Strategia

The company’s strategy centers on building brand awareness, improving customer acquisition efficiency, and increasing repeat purchase behavior. It also emphasizes product innovation, supply chain execution, and selective use of third-party retail and distributor partners to expand reach without relying only on owned channels.

Brand awareness and customer acquisitionLyhyt aikaväli

The company depends on efficient traffic generation and conversion to grow its direct business.

Product innovationKeskipitkä aikaväli

New materials and product designs support differentiation and customer interest.

Channel and footprint optimizationKeskipitkä aikaväli

A balanced mix of digital, store, and partner channels broadens reach and improves flexibility.

Maantiede

Q1/2026

Smartbird is based in the United States and sells through a mix of domestic and international channels. The company operates company-owned stores in the U.S. and London, while also using localized digital platforms and third-party partners to reach customers in additional markets. Geography matters because the business depends on cross-border supply chains, international distributor relationships, and localized customer acquisition.

USA82 %
Other countries (US filing)18 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business is exposed to digital marketing dependence, manufacturer concentration, and supply chain execution risk because sales and product availability rely on third-party platforms and production partners. It also faces consumer demand volatility, cyber and data security risk, and going-concern/liquidity pressure that can affect continuity, financing access, and operating flexibility.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Liquidity and going-concern uncertainty1Dependence on digital customer acquisition2Manufacturer concentration3Cybersecurity and data protection4Consumer demand volatility5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Liquidity and going-concern uncertaintyVaikutus: KriittinenTodennäköisyys: Korkea

    Recent disclosures indicate substantial doubt about continuing as a going concern.

    Kohdistuu: Financing and operations

  2. Dependence on digital customer acquisitionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on search engines, social media, and email to drive traffic to its platform.

    Kohdistuu: Direct-to-consumer sales

  3. Manufacturer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A concentrated supplier base can create disruption, quality, or capacity issues.

    Kohdistuu: Footwear and apparel production

  4. Cybersecurity and data protectionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business collects customer data and operates digital commerce channels.

    KohdistuuWebsiteMobile appCustomer records
  5. Consumer demand volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    Footwear and apparel demand can weaken with changes in consumer spending and preferences.

    Kohdistuu: Brand and product demand

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Sales are recognized when control transfers, which can vary by shipping terms and channel.

Vaikutus: Affects quarterly revenue timing and comparability

Returns and discounts reserve

Net revenue is reduced by expected returns and promotional discounts.

Vaikutus: Can materially affect reported sales and gross margin

Inventory valuation

Footwear and apparel inventory is subject to write-downs and obsolescence risk.

Vaikutus: Affects cost of revenue and reported profitability

Lease accounting

Retail stores and outlet locations create lease-related assets and liabilities.

Vaikutus: Affects balance sheet size and operating expense recognition

Going-concern assessment

Management disclosed substantial doubt about continuing as a going concern.

Vaikutus: Important for liquidity, financing, and valuation analysis

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026