Smartbird, Inc.

BIRD Technology Software Infrastructure

Smartbird, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $152.5 million, down 19.7% from fiscal 2024.

Revenue
−93.1%
EPS
+6.77%
Free cash flow
−46.6%
Total debt
+63.7%

Quarter to June 2026, against a year earlier

1.30 0.00 0.00%
Market cap
$15.4M
P/E
0.0×
Fwd P/E
−0.3×
Dividend yield
0.00%
F-score
2/9
Altman Z
−7.48
Beneish M
−3.77
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 0.75
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — — 2 — — 3 — 1 3 — —
Insider Ownership 29.19%

Capital & Financial Ratios $m

Size
Market Cap 15.35
Revenue ttm 105.75
Net income ttm (77.00)
Free cash flow ttm (46.23)
Net debt Q (29.71)
Valuation
P/E 0.00
Forward P/E (0.29) (negative: loss-making)
Price / sales 0.11
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.53
Financial health
Current ratio Q 3.70 (at or above 1.5: strong)
Debt / equity Q 0.36 (at or below 0.5: strong)
Interest coverage Q (7.34)
Growth
Revenue growth Q −93.05% (below 0%: shrinking)
Operating income growth Q −111.36% (below 0%: shrinking)
EPS, this year +37.06% (at or above 15%: strong)
EPS, next year A +26.56% (at or above 15%: strong)
Revenue, next year A −100.00% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +27.04% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 0.16%
10-year low 10-year high
P/B against its own 10 years 10.67%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 130 67 27 38
Receivables 8 6 7 —
Inventory 58 44 39 —
Other — — — —
212 131 82 41
2023 2024 2025 Q'26
Payables 6 11 18 1
ST’ Debt — — — —
Other — — — —
49 44 41 11

Compound Annual Growth %

10y 5y 3y
Sales — (7.01%) (20.00%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (51.60%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (2.37) (1.79) — — —
’25 (2.73) (1.92) (2.49) (2.34) (9.47)
’24 (3.60) (2.40) (2.68) (3.23) (11.87)
’23 (4.60) (3.80) (4.20) (7.40) (20.20)
’22 (3.00) (4.00) (3.40) (3.40) (13.60)
’21 (5.02) (2.80) (5.00) (1.80) (13.00)
’20 — (0.02) (2.64) (0.06) (9.76)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 22 3 — — —
’25 32 40 33 48 152
’24 39 52 43 56 190
’23 54 70 57 72 254
’22 63 78 73 84 298
’21 50 68 63 97 277
’20 — 51 47 79 219
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (11) — — —
’25 (28) (9) (15) (3) (55)
’24 (26) (16) (11) (11) (64)
’23 (21) 1 (5) (5) (30)
’22 (40) (24) (18) (8) (91)
’21 (24) 1 (23) (5) (51)
’20 — — (40) 5 (35)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (14) — — —
’25 (29) (9) (16) (4) (58)
’24 (27) (17) (12) (12) (68)
’23 (24) (4) (7) (6) (41)
’22 (49) (32) (26) (15) (122)
’21 (28) (6) (29) (12) (75)
’20 — — (52) 3 (49)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 194 219 277 298 254 190 152 106 (3.9%) 0 0 — (99.2%)
Gross margin, % — — — 51.03 51.41 52.86 43.53 41.03 42.72 41.03 0.00 (10.0) pt
EBT — — — (11) (30) (45) (100) (152) (91) (77) (83) +38.6%
EBT margin, % — — — (5.60) (13.67) (16.06) (33.63) (59.88) (48.19) (50.43) (78.94) (44.8) pt
Net income — 0 — (15) (26) (45) (101) (152) (93) (77) (77) n/m
Per share, $
Per share, $ Revenue — — — 75.26 82.74 80.07 40.03 33.50 24.13 18.69 11.54 (20.7%)
Earnings — — — (5.64) (9.76) (13.00) (13.60) (20.20) (11.87) (9.47) (8.99) +9.0%
Cash flow — — — 0.02 (13.05) (14.67) (12.18) (3.98) (8.12) (6.75) (4.55) n/m
Capex — — — (5.10) (5.41) (6.98) (4.22) (1.43) (0.52) (0.39) (0.49) (35.0%)
Free cash flow — — — (5.08) (18.46) (21.65) (16.40) (5.42) (8.64) (7.14) (5.04) +5.8%
Book value — — — 0.00 (9.62) 114.56 42.59 24.44 12.93 4.40 2.46 n/m
Shares, m — — — 3 3 3 7 8 8 8 9 +21.2%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — 6.19 6.19 3.77 1.12 0.78 0.29 0.22 0.11 2.6
P/B — — — 0.00 0.00 2.63 1.05 1.06 0.54 0.93 0.53 0.9
EV/Sales — — — 6.72 6.72 3.46 0.88 0.63 0.42 0.16 (0.17) 2.7
EV/FCF — — — (28.84) (28.84) (12.80) (2.15) (3.88) (1.18) (0.41) 0.38 (11.2)
Cash, $m
Cash, $m Operating cash flow — — — 0 (35) (51) (91) (30) (64) (55) (42) n/m
Capex — — — (13) (14) (24) (31) (11) (4) (3) (5) (21.2%)
Free cash flow — — — (13) (49) (75) (122) (41) (68) (58) (46) +28.3%
Balance, $m
Balance, $m Working capital — — — 83 160 363 259 164 86 41 30 (10.9%)
Net debt — — — 27 77 (289) (72) (130) (67) (9) (30) n/m
Shareholders’ equity — — — — (26) 397 317 185 102 36 23 n/m
Returns, %
Returns, % ROA — — — 0.00 (21.19) (12.39) (21.32) (39.34) (37.21) (51.82) (84.18) (51.8) pt
ROIC — — — (20.64) (35.13) (18.95) (25.56) (172.93) (174.44) (187.92) 0.00 (167.3) pt
ROE — — — 83.91 149.37 (24.43) (28.40) (60.73) (65.03) (112.33) (164.03) (196.2) pt
People
People Employees — — — — — 710 1,000 927 542 362 — (15.5%)
Revenue/emp, $m — — — 0.00 0.00 0.39 0.30 0.27 0.35 0.42 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Smartbird, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AIFC AI Financial Corporation $22.5M — (loss-making) — (loss-making) −62.15% (below 0%: shrinking) n/m −16.14% (below 0%: shrinking) 97.56% (29.33%) Compare
DRK Sphere 3D Corp. $16.6M — (loss-making) — (loss-making) +15.55% (above 0%: growing) n/m +46.49% (above 0%: growing) 0.00% (191.03%) Compare
BIRD Smartbird, Inc. $15.4M — (loss-making) — (loss-making) −93.05% (below 0%: shrinking) n/m −46.59% (below 0%: shrinking) 0.00% (387.78%)
INTZ Intrusion Inc. $15.2M — (loss-making) — (loss-making) −22.42% (below 0%: shrinking) n/m −83.07% (below 0%: shrinking) 66.41% (171.58%) Compare
TGHL The GrowHub Limited $11.9M — — — — — — — Compare
AZIO Azio AI Holdings, Inc. $11.5M — (loss-making) — +154.34% (above 0%: growing) n/m −634.34% (below 0%: shrinking) 2.68% (215.45%) Compare
LHSW Lianhe Sowell International Group Ltd $11.4M — — — — −514.28% (below 0%: shrinking) — — Compare
CHOW ChowChow Cloud International Holdings Limited $11.1M — — — — — — — Compare
HPAI Helport AI Limited $10.6M 1.2× — — −57.14% (below 0%: shrinking) −131.67% (below 0%: shrinking) — — Compare
Median of peers $11.7M — — −3.44% — −107.37% 34.55% (181.30%)

All 183 Software Infrastructure stocks →

Smartbird, Inc. (BIRD) Latest News

2 Nov

Impact 2 · · Proactive Investors

8 Oct

Impact 2 · · Proactive Investors

16 Sep

Impact 1 · · retaildive.com

29 Jun

Impact 3 · · pennlive.com

25 Jun

Impact 3 · · retaildive.com
stockrow.com/BIRD · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com