BIRD · Allbirds, Inc.

Allbirds disclosed preliminary unaudited financial results for the first quarter ended March 31, 2026, via Exhibit 99.1, emphasizing their preliminary nature with wide ranges indicating ongoing quarter-end procedures that could lead to material adjustments. Net revenue came in at $22.3 million (±$1.0M), with cost of revenue at $16.1 million (±$1.0M), yielding gross profit of $6.2 million (±$1.0M) and a gross margin of 27.8% (±450bps), reflecting potential pressure on profitability amid high operating expenses of $27.1 million (±$2.0M). This drove a GAAP net loss of $(19.6) million (±$3.0M) and adjusted EBITDA loss of $(16.1) million (±$2.0M). The reconciliation for adjusted EBITDA adds back stock-based compensation ($1.2M), depreciation and amortization ($1.4M), impairment ($1.0M), restructuring ($1.3M), other income ($2.2M), interest expense ($0.8M), and taxes ($0.05M) to the net loss. Cash position stood at $14.4 million as of quarter-end, a critical liquidity metric for investors monitoring burn rate. No guidance was provided for future periods, and the filing cautions against undue reliance, noting Deloitte & Touche LLP has not reviewed the data. Investors should await final results for confirmation, as these figures signal ongoing challenges in achieving profitability.