"Allbirds' revenue fell from $298 million in 2022 to $152 million in 2025, marking a roughly 50% decline over three years, culminating in a loss of $77 million."
"The market's initial reaction to Allbirds' pivot was euphoric, but the subsequent stock correction indicates investor skepticism about the company's ability to compete in AI infrastructure."
"After selling its shoe business to American Exchange Group for $39 million, Allbirds secured $50 million in convertible financing to support its transition to GPU leasing."
Allbirds is rebranding as NewBird AI, shifting from sustainable footwear to GPU-as-a-service cloud computing. The company sold its shoe business for $39 million and secured $50 million in financing. Despite a 600% stock surge, it later fell by a third. Revenue dropped significantly from $298 million in 2022 to $152 million in 2025, leading to a loss of $77 million. The company closed all full-priced retail stores in the U.S. and faced Nasdaq compliance issues before selling its footwear assets.
Read at TNW | Artificial-Intelligence
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