Allbirds, Inc. reported its fourth quarter 2024 net revenue decreased 22.4% to $55.9 million compared to $72.0 million in Q4 2023. Full year 2024 net revenue decreased 25.3% to $189.8 million compared to $254.1 million in 2023, primarily due to lower unit sales, international distributor transitions, and planned retail store closures.
For the full year 2024, the company's net loss was $93.3 million, an improvement from $152.5 million in 2023, and adjusted EBITDA loss was $70.0 million, an improvement from $78.4 million in 2023. Gross margin for the full year improved by 170 basis points to 42.7% from 41.0% in 2023, driven by lower freight and duty costs per unit and fewer inventory adjustments.
Allbirds provided full year 2025 net revenue guidance in the range of $175 million to $195 million, which includes an estimated negative impact of $18 million to $23 million from distributor transitions and store closures. The company expects a full year 2025 adjusted EBITDA loss between $65 million and $55 million, with Q1 2025 net revenue projected between $30 million and $35 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.