Smartbird, Inc. (BIRD)

From the record

Smartbird, Inc.'s filings since 2017 show 4 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-09-08); an auditor change (8-K item 4.01, the latest 2026-07-29); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-08-17) (its current reports).

From the record

Smartbird, Inc.'s 7 filed years say what it did: revenue went from $194 million in fiscal 2019 to $152 million in fiscal 2025, down 3.9% a year; it rose in 3 of 6 years; the deepest fall was 49% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 7 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Smartbird, Inc. lost about 215 cents for every dollar of shareholders' money, and gross profitability: its products earned about 57 cents per dollar of everything the company owns. Leverage: it owed about 67 cents per dollar of assets, and net share issuance: its share count grew 3.8% over the year (the filed statements).

From the record

Smartbird, Inc.'s standing among 19 graded names in its industry family: revenue of $152 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of -50.7% ranks in the bottom 8%; revenue growth of -20% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).

From the record

Smartbird, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Carlsten, Nadia Catherine (CEO, as filed), filing under that title since 2026-06-23, 5 months (bottom 23% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 2.3 years (bottom 5%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Smartbird, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $28 million against debt of $17 million leaves 9.3% of its assets as net cash, top 39% of its family; cash from operations less capital spending is -38.2% of revenue (bottom 3%); a gross margin of 41% (bottom 39%) (its annual report).

From the record

Smartbird, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -20% a year over the last three filed years against -3.9% over all 7, slowing (bottom 8% of its family); the newest year grew -19.7% (bottom 18%); capital spending grew -53.5% a year (bottom 3%) (its annual reports). Smartbird, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Smartbird, Inc.'s newest year against its own record: revenue of $152 million in fiscal 2025 came in 0.6% above the $152 million its prior three years' pace pointed to (bottom 38% of its family); net income of $77 million against a prior three-year average of $116 million (top 38%); a net margin of -50.7% against -47.7% before (bottom 32%) (its annual reports).