Allbirds, Inc. Class A (BIRD)

Allbirds' stock price has declined significantly, with a -51.23% change over the past year as of early February 2026. Key events include a 23.3% decrease in sales and a net loss of $20.3 million reported in Q3 2025, a revised full-year 2025 revenue outlook, the closure of all 20 full-price U.S. stores in January 2026, and a Nasdaq non-compliance notice received in April 2024.

Allbirds' products are subject to holiday seasonality, with sales spikes in December. However, the brand has shown signs of becoming less dependent on holiday sales as year-round demand has increased. The company's apparel strategy has also shifted towards a focus on "classic, seasonless items".

Allbirds, Inc. designs, markets, and sells sustainable footwear and apparel. They operate in the Consumer Discretionary sector, utilizing materials like Merino wool and eucalyptus tree fiber to minimize their carbon footprint.

Founded in 2015, Allbirds expanded to the United States, South Korea, and Australia by 2017. By 2020, they had 21 retail stores worldwide, including locations in Berlin and London. As of November 2024, Allbirds expanded its global distribution network through partnerships in Europe and Latin America. In early 2026, Allbirds announced the closure of all 20 of its full-price U.S. stores as part of cost-cutting measures, retaining two outlet stores in California and Massachusetts. The company also operates through its e-commerce channels and a growing network of wholesale partners.

Allbirds' brand reputation has faced challenges, with sales dropping 54.6% since 2022. An analyst suggested the brand might be a "passing fad." The company is initiating a comeback plan, aiming to lean harder into fashion, target women more intentionally, and expand its aesthetic while maintaining its commitment to sustainability.

The ownership structure of Allbirds stock includes institutional investors (22.98%), insiders (4.62%), and public companies and individual investors (72.40%). Major institutional shareholders include Fmr Llc, Vanguard Group Inc, BlackRock, Inc., Spark Investment Management LLC, Geode Capital Management, Llc, and Goldman Sachs Group Inc.