BRDS · Bird Global, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.33M | $48.33M | $29.54M | - | $72.86M | $60.04M | $37.98M | - | - | - |
| Cost of Revenue | $35.09M | $28.98M | $24.45M | - | $45.15M | $44.30M | - | - | - | - |
| Gross Profit | $19.24M | $19.35M | $5.08M | - | $27.71M | ($13.35M) | $2.04M | - | - | - |
| R&D | $1.41M | $3.73M | $6.98M | - | $9.39M | $12.32M | $10.51M | - | - | - |
| SG&A | $31.39M | $30.42M | $31.64M | - | $16.88M | $31.77M | $84.65M | - | - | - |
| Total Operating Expenses | $33.87M | $36.08M | $40.55M | - | $40.03M | $317.90M | $41.00M | - | - | - |
| D&A | - | - | $10.22M | - | - | - | $9.51M | - | - | - |
| Operating Income | ($14.63M) | ($16.73M) | ($35.47M) | - | ($1.73M) | ($26.00M) | ($96.79M) | - | - | - |
| Interest Expense | $2.02M | $2.62M | $1.47M | - | $3.80M | $3.10M | $1.10M | - | - | - |
| Income Tax | $3.25M | ($956.0K) | $908.0K | - | ($20.0K) | $84.0K | $37.0K | - | - | - |
| Net Income | ($19.81M) | ($9.31M) | ($44.32M) | - | ($9.77M) | ($43.69M) | ($76.20M) | - | - | - |
| EPS - Basic | ($1.47) | ($0.73) | ($0.14) | - | ($0.03) | ($1.14) | ($1.69) | - | - | - |
| EPS - Diluted | ($1.47) | ($0.73) | ($0.14) | - | ($0.03) | ($1.01) | $0.04 | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.23M | $6.81M | $12.84M | $33.47M | $38.67M | $57.14M | $35.03M | $128.56M | - | - |
| Accounts Receivable | $1.24M | $790.0K | $282.0K | $2.19M | $5.58M | $4.70M | $9.88M | $8.40M | - | - |
| Inventory | $1.84M | $1.48M | $1.36M | $1.53M | $2.17M | $5.47M | $23.26M | $28.24M | - | - |
| Accounts Payable | $29.61M | $21.47M | $20.40M | $20.23M | $15.99M | $16.88M | $8.29M | $5.00M | - | - |
| Current Assets | $28.92M | $25.20M | $33.99M | $64.78M | $117.15M | $141.54M | $160.06M | $229.12M | $98.01M | $143.35M |
| Total Assets | $222.44M | $195.01M | $213.76M | $225.66M | $294.02M | $331.32M | $567.05M | $597.26M | $394.12M | $426.06M |
| Current Liabilities | $155.46M | $122.49M | $123.98M | $134.62M | $238.28M | $230.10M | $160.11M | $133.96M | $111.23M | $104.71M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $247.60M | $205.94M | $221.33M | $200.55M | $250.34M | $235.94M | $193.38M | $276.44M | $261.27M | $250.99M |
| Stockholders' Equity | ($25.16M) | ($10.93M) | ($7.57M) | $25.11M | $43.67M | ($986.66M) | ($938.68M) | $320.82M | ($1.04B) | - |
| Retained Earnings | ($1.61B) | ($1.59B) | ($1.58B) | ($1.54B) | ($1.50B) | ($1.46B) | ($1.15B) | ($1.16B) | ($1.13B) | ($1.09B) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.00M) | ($1.80M) | ($21.67M) | - | - | - | ($36.34M) | - | - | - |
| Investing Cash Flow | - | - | ($3.60M) | - | - | - | ($12.18M) | - | - | - |
| Financing Cash Flow | - | - | $4.23M | - | - | - | $188.22M | - | - | - |
| CapEx | - | - | $96.0K | - | - | - | $66.0K | - | - | - |
| Free Cash Flow | - | - | ($21.77M) | - | - | - | ($36.40M) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.4% | 40.0% | 17.2% | - | 38.0% | -22.2% | 5.4% | - | - | - |
| Operating margin | -26.9% | -34.6% | -120.1% | - | -2.4% | -43.3% | -254.9% | - | - | - |
| EBITDA margin | - | - | -85.5% | - | - | - | -229.8% | - | - | - |
| Net margin | -36.5% | -19.3% | -150.0% | - | -13.4% | -72.8% | -200.6% | - | - | - |
| Free cash flow margin | - | - | -73.7% | - | - | - | -95.9% | - | - | - |
| FCF / Net income | - | - | 0.49 | - | - | - | 0.48 | - | - | - |
| R&D / Revenue | 2.6% | 7.7% | 23.6% | - | 12.9% | 20.5% | 27.7% | - | - | - |
| SG&A / Revenue | 57.8% | 62.9% | 107.1% | - | 23.2% | 52.9% | 222.9% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.9% | -4.8% | -20.7% | - | -3.3% | -13.2% | -13.4% | - | - | - |
| Return on equity | 78.7% | 85.2% | 585.4% | - | -22.4% | 4.4% | 8.1% | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.19 | 0.21 | 0.27 | 0.48 | 0.49 | 0.62 | 1.00 | 1.71 | 0.88 | 1.37 |
| Quick ratio | 0.17 | 0.19 | 0.26 | 0.47 | 0.48 | 0.59 | 0.85 | 1.50 | 0.88 | 1.37 |
| Cash ratio | 0.07 | 0.06 | 0.10 | 0.25 | 0.16 | 0.25 | 0.22 | 0.96 | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -7.2x | -6.4x | -24.1x | - | -0.5x | -8.4x | -88.0x | - | - | - |
| Equity multiplier | -8.84 | -17.85 | -28.24 | 8.99 | 6.73 | -0.34 | -0.60 | 1.86 | -0.38 | - |
| Liabilities / Assets | 1.11 | 1.06 | 1.04 | 0.89 | 0.85 | 0.71 | 0.34 | 0.46 | 0.66 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | 0.25 | 0.14 | - | 0.25 | 0.18 | 0.07 | - | - | - |
| Inventory turnover | 19.05 | 19.62 | 17.97 | - | 20.83 | 8.09 | - | - | - | - |
| Days sales outstanding | 8d | 6d | 3d | - | 28d | 29d | 95d | - | - | - |
| Days inventory outstanding | 19d | 19d | 20d | - | 18d | 45d | - | - | - | - |
| Days payable outstanding | 308d | 270d | 305d | - | 129d | 139d | - | - | - | - |
| Cash conversion cycle | -281d | -246d | -281d | - | -84d | -65d | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -25.4% | -19.5% | -22.2% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -30.6% | - | 149.3% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -746.8% | 35.6% | 63.4% | - | - | - | - | - | - | - |
| Net income growth (YoY) | -102.9% | 78.7% | 41.8% | - | - | - | - | - | - | - |
| EPS growth (YoY) | -4800.0% | 27.7% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 40.2% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 98.9% | 99.2% | -92.2% | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$205.14M totalNorth America Segment$158.58M · 77.3%
Europe The Middle East And Africa Segment$46.41M · 22.6%
All Other Segments$148.0K · 0.1%
Product / service
$205.14M totalService$187.33M · 91.3%
Product$17.82M · 8.7%
Peer comparison
Same SIC group: Motorcycles, Bicycles & Parts
Comparing Bird Global against the 5 most active filers in the same SIC group.