Financial Statements — BIRD
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 |
|---|
| Cash & Equivalents | 14.40 | 23.70 | 33.14 | 39.06 | 78.63 | 87.22 | 102.08 | 132.48 | 139.91 | 143.31 | 180.73 | 207.29 | 239.72 | 65.37 |
| Accounts Receivable | 4.38 | 4.86 | 7.81 | 5.09 | 5.67 | 10.54 | 5.70 | 5.32 | 4.57 | 5.90 | 9.12 | 5.10 | 4.19 | 2.01 |
| Inventory | 37.20 | 43.13 | 42.24 | 42.87 | 57.46 | 53.67 | 60.62 | 79.93 | 92.85 | 109.49 | 126.47 | 122.30 | 118.47 | 99.34 |
| Total Current Assets | 64.75 | 80.72 | 94.28 | 97.79 | 155.33 | 165.16 | 185.22 | 235.75 | 253.22 | 274.10 | 351.27 | 370.61 | 402.35 | 209.00 |
| Property, Plant & Equipment | 8.95 | 13.84 | 15.39 | 16.58 | 18.97 | 21.08 | 22.40 | 48.10 | 52.35 | 52.57 | 52.21 | 47.86 | 42.94 | 34.57 |
| Total Non-current Assets* | 19.98 | 39.20 | 42.53 | 49.47 | 66.58 | 74.30 | 87.14 | 144.30 | 152.60 | 155.23 | 62.30 | 57.92 | 49.03 | 40.67 |
| Total Assets | 84.73 | 119.91 | 136.82 | 147.26 | 221.91 | 239.46 | 272.36 | 380.05 | 405.82 | 429.33 | 413.57 | 428.53 | 451.38 | 249.67 |
| Accounts Payable | 23.20 | 11.74 | 12.09 | 5.56 | 18.36 | 9.97 | 13.14 | 12.58 | 10.32 | 7.30 | 17.77 | 15.10 | 17.06 | 33.53 |
| Total Current Liabilities | 40.78 | 34.09 | 36.95 | 30.44 | 45.88 | 40.29 | 46.71 | 51.24 | 45.16 | 43.21 | 63.52 | 58.47 | 58.60 | 73.04 |
| Long-term Debt | 17.44 | 12.31 | 5.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities | 27.68 | 33.89 | 28.51 | 34.00 | 48.69 | 55.20 | 65.39 | 92.43 | 96.82 | 98.31 | 17.68 | 15.74 | 12.47 | 21.94 |
| Total Liabilities | 68.45 | 67.98 | 65.46 | 64.44 | 94.57 | 95.49 | 112.10 | 143.67 | 141.97 | 141.52 | 81.19 | 74.21 | 71.06 | 94.98 |
| Retained Earnings | (582.52) | (542.22) | (521.89) | (506.39) | (458.84) | (437.66) | (418.53) | (334.42) | (302.84) | (273.91) | (213.88) | (188.63) | (159.26) | (126.95) |
| Total Stockholder Equity | 16.28 | 51.93 | 71.36 | 82.82 | 127.35 | 143.97 | 160.27 | 236.38 | 263.85 | 287.81 | 332.38 | 354.32 | 380.32 | (49.36) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 22.32 | 47.68 | 32.99 | 39.69 | 32.11 | 55.85 | 43.00 | 51.58 | 39.33 | 71.99 | 57.24 | 70.48 | 54.35 | 84.18 | 72.65 | 78.17 | 62.76 | 97.22 | 62.71 |
| Cost of Revenue | 16.11 | 29.92 | 18.75 | 23.53 | 17.71 | 38.37 | 23.92 | 25.53 | 20.87 | 44.62 | 32.35 | 40.33 | 32.53 | 47.88 | 40.12 | 49.98 | 30.16 | 48.44 | 28.78 |
| Gross Profit | 6.21 | 17.76 | 14.24 | 16.15 | 14.40 | 17.48 | 19.08 | 26.06 | 18.46 | 27.37 | 24.89 | 30.15 | 21.82 | 36.30 | 32.53 | 28.19 | 32.60 | 48.78 | 33.94 |
| Selling, General & Admin | 18.79 | 21.44 | 21.68 | 24.16 | 25.21 | 29.15 | 30.97 | 33.55 | 39.71 | 41.53 | 43.55 | 46.21 | 42.76 | 40.88 | 45.39 | 41.71 | 38.76 | 36.65 | 33.02 |
| Total Operating Expenses | 28.22 | 38.48 | 34.13 | 32.68 | 37.23 | 43.25 | 40.86 | 46.25 | 48.27 | 85.01 | 54.96 | 59.77 | 57.50 | 61.77 | 58.05 | 57.52 | 52.58 | 55.18 | 45.81 |
| Operating Income | (22.01) | (20.72) | (19.89) | (16.53) | (22.83) | (25.77) | (21.78) | (20.19) | (29.81) | (57.64) | (30.06) | (29.62) | (35.68) | (25.46) | (25.51) | (29.33) | (19.98) | (6.40) | (11.88) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 |
| Pretax Income | (20.64) | (19.41) | (20.25) | (15.42) | (21.81) | (24.68) | (21.09) | (18.58) | (27.09) | (57.08) | (31.44) | (28.66) | (34.94) | (25.59) | (25.39) | (29.03) | (20.12) | (9.93) | (13.97) |
| Tax Provision | 0.08 | 0.17 | 0.07 | 0.08 | 0.07 | 0.99 | 0.09 | 0.55 | 0.24 | (0.30) | 0.13 | 0.28 | 0.22 | (0.72) | (0.15) | 0.34 | 1.76 | 0.51 | (0.17) |
| Net Income | (20.72) | (19.58) | (20.32) | (15.50) | (21.87) | (25.68) | (21.18) | (19.13) | (27.33) | (56.78) | (31.57) | (28.94) | (35.17) | (24.87) | (25.24) | (29.37) | (21.88) | (10.44) | (13.80) |
| Basic EPS | (2.37) | (2.33) | (2.49) | (1.92) | (2.73) | (8.89) | (2.68) | (0.12) | (0.18) | (0.38) | (0.21) | (0.19) | (0.23) | (0.16) | (0.17) | (0.20) | (0.15) | (0.01) | (0.25) |
| Diluted EPS | (2.37) | (2.33) | (2.49) | (1.92) | (2.73) | (8.89) | (2.68) | (0.12) | (0.18) | (0.38) | (0.21) | (0.19) | (0.23) | (0.16) | (0.17) | (0.20) | (0.15) | (0.01) | (0.25) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (12.06) | (3.27) | (15.23) | (8.69) | (27.88) | (10.84) | (11.23) | (15.59) | (26.20) | (4.72) | (5.41) | 0.83 | (20.91) | (8.43) | (17.53) | (24.16) | (40.47) | (5.35) | (45.50) |
| Capital Expenditures | 0.07 | 0.87 | 0.90 | 0.73 | 0.64 | 1.01 | 0.66 | 1.31 | 1.12 | 1.21 | 2.05 | 4.57 | 3.04 | 6.41 | 8.36 | 8.24 | 8.36 | 6.55 | 17.63 |
| Free Cash Flow* | (12.14) | (4.14) | (16.14) | (9.42) | (28.53) | (11.85) | (11.88) | (16.89) | (27.32) | (5.94) | (7.46) | (3.74) | (23.95) | (14.83) | (25.89) | (32.40) | (48.83) | (11.90) | (63.13) |
| Investing Cash Flow | 0.07 | (0.47) | (0.54) | (0.68) | (0.21) | 0.59 | 1.44 | 0.86 | (0.77) | 1.02 | (1.74) | (3.91) | (3.08) | (6.72) | (8.63) | (8.58) | (8.35) | (7.32) | (18.32) |
| Financing Cash Flow | 0.07 | 6.81 | 7.11 | 2.15 | 0.00 | 0.10 | 0.00 | 0.15 | 0.03 | 0.25 | 0.08 | 0.25 | 0.06 | 0.38 | 0.86 | 1.63 | 0.71 | 235.85 | 2.31 |
* Derived from reported values
