• Allbirds posted net revenue of $22.3 million, down 30.5% year over year, while net loss narrowed to $20.7 million.
• Gross margin fell 17 percentage points to 27.8%, reflecting lower average selling prices driven by promotional activity, inventory adjustment costs, and increased duties in the U.S. business.
• Operating loss improved to $22 million as total operating expense dropped 24.2% to $28.2 million, despite $1 million in impairment charges and $1.3 million in restructuring costs tied to U.S. store closures.
• Company closed remaining full-price retail stores in the United States during the quarter, leaving two outlet stores in the U.S. and two full-price stores in London.
• Allbirds entered an asset purchase agreement to sell substantially all assets related to its footwear business, while exploring a shift toward a computing infrastructure strategy that includes acquiring and monetizing GPU-based electronics assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allbirds Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-035302), on May 15, 2026, and is solely responsible for the information contained therein.