BIRDNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
Smartbird, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 19, 2026
$2.33−0.04 (-1.89%)
Close on Oct 19, 2026
- Market cap
- $21.35M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
41.0%−10.4 pts over 5 years
Operating margin
-52.4%−39.1 pts over 5 years
Net margin
-50.7%−38.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -19.7% | -20.0% | -7.0% | – | |
| Gross profit | -22.8% | -21.6% | -11.1% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 149.4% | -112.3% | |
| Return on assets | – | – | -51.8% | |
| Current ratio | – | 3.93 | 2.02 | |
| Interest coverage | – | -98.4× | – | |
| Inventory turnover | – | – | 2.2× | |
| Capex to revenue | – | 6.5% | 2.1% | |
| Diluted shares | – | 3M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Smartbird generated $290.60M from operations and spent $73.65M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$290.60M
Used
$73.65M
Capital expenditure$73.65M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-50.7%
×Asset turnover1.02×
×Equity multiplier2.17×
=Return on equity, FY2025-112.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -50.7% | 1.02× | 2.17× | -112.3% |
| FY2024 | -49.2% | 0.76× | 1.75× | -65.0% |
| FY2023 | -60.0% | 0.66× | 1.54× | -60.7% |
| FY2022 | -34.0% | 0.63× | 1.33× | -28.4% |
| FY2021 | -16.4% | 0.76× | 1.97× | -24.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$77.28M
- Cash generatingOperating cash flow above zero-$55.08M
- Return on assets improvedROA up on the prior year-29.8% → -40.9%
- Earnings backed by cashOperating cash flow above net income-$55.08M vs -$77.28M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.94 → 2.02
- No dilutionShare count did not rise8M → 8M
- Gross margin improvedGross margin up on the prior year42.72% → 41.03%
- More efficientAsset turnover rose0.61 → 0.81