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Side-by-side financial comparison of Allbirds, Inc. (BIRD) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $47.7M, roughly 1.6× Allbirds, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -14.6%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-4.1M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 10.1%).

Bird Global, Inc., is a micromobility company based in Miami, Florida. Founded in September 2017, Bird has distributed electric scooters designed for short-term rental to over 350 cities. In April 2024, it was acquired by Third Lane Mobility to avoid bankruptcy.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

BIRD vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.6× larger
PBYI
$75.5M
$47.7M
BIRD
Growing faster (revenue YoY)
PBYI
PBYI
+42.4% gap
PBYI
27.7%
-14.6%
BIRD
More free cash flow
PBYI
PBYI
$18.5M more FCF
PBYI
$14.4M
$-4.1M
BIRD
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
10.1%
BIRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BIRD
BIRD
PBYI
PBYI
Revenue
$47.7M
$75.5M
Net Profit
$-19.6M
Gross Margin
37.2%
69.3%
Operating Margin
-43.5%
22.7%
Net Margin
-41.1%
Revenue YoY
-14.6%
27.7%
Net Profit YoY
23.7%
EPS (diluted)
$-2.33
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BIRD
BIRD
PBYI
PBYI
Q4 25
$47.7M
$75.5M
Q3 25
$33.0M
$54.5M
Q2 25
$39.7M
$52.4M
Q1 25
$32.1M
$46.0M
Q4 24
$55.9M
$59.1M
Q3 24
$43.0M
$80.5M
Q2 24
$51.6M
$47.1M
Q1 24
$39.3M
$43.8M
Net Profit
BIRD
BIRD
PBYI
PBYI
Q4 25
$-19.6M
Q3 25
$-20.3M
$8.8M
Q2 25
$-15.5M
$5.9M
Q1 25
$-21.9M
$3.0M
Q4 24
$-25.7M
Q3 24
$-21.2M
$20.3M
Q2 24
$-19.1M
$-4.5M
Q1 24
$-27.3M
$-4.8M
Gross Margin
BIRD
BIRD
PBYI
PBYI
Q4 25
37.2%
69.3%
Q3 25
43.2%
77.7%
Q2 25
40.7%
76.5%
Q1 25
44.8%
77.1%
Q4 24
31.3%
76.4%
Q3 24
44.4%
63.9%
Q2 24
50.5%
77.4%
Q1 24
46.9%
75.5%
Operating Margin
BIRD
BIRD
PBYI
PBYI
Q4 25
-43.5%
22.7%
Q3 25
-60.3%
17.6%
Q2 25
-41.6%
12.7%
Q1 25
-71.1%
8.7%
Q4 24
-46.1%
22.6%
Q3 24
-50.7%
27.4%
Q2 24
-39.1%
-4.6%
Q1 24
-75.8%
-5.3%
Net Margin
BIRD
BIRD
PBYI
PBYI
Q4 25
-41.1%
Q3 25
-61.6%
16.2%
Q2 25
-39.1%
11.2%
Q1 25
-68.1%
6.5%
Q4 24
-46.0%
Q3 24
-49.3%
25.2%
Q2 24
-37.1%
-9.6%
Q1 24
-69.5%
-11.0%
EPS (diluted)
BIRD
BIRD
PBYI
PBYI
Q4 25
$-2.33
$0.26
Q3 25
$-2.49
$0.17
Q2 25
$-1.92
$0.12
Q1 25
$-2.73
$0.06
Q4 24
$-3.22
$0.40
Q3 24
$-2.68
$0.41
Q2 24
$-2.45
$-0.09
Q1 24
$-3.52
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BIRD
BIRD
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$26.7M
$97.5M
Total DebtLower is stronger
$17.4M
$22.7M
Stockholders' EquityBook value
$35.9M
$130.3M
Total Assets
$109.4M
$216.3M
Debt / EquityLower = less leverage
0.48×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIRD
BIRD
PBYI
PBYI
Q4 25
$26.7M
$97.5M
Q3 25
$23.7M
$94.4M
Q2 25
$33.1M
$96.0M
Q1 25
$39.1M
$93.2M
Q4 24
$66.7M
$101.0M
Q3 24
$78.6M
$96.7M
Q2 24
$87.2M
$96.8M
Q1 24
$102.1M
$107.2M
Total Debt
BIRD
BIRD
PBYI
PBYI
Q4 25
$17.4M
$22.7M
Q3 25
$12.3M
$34.0M
Q2 25
$5.0M
$45.3M
Q1 25
$56.7M
Q4 24
$0
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
BIRD
BIRD
PBYI
PBYI
Q4 25
$35.9M
$130.3M
Q3 25
$51.9M
$115.3M
Q2 25
$71.4M
$104.7M
Q1 25
$82.8M
$97.1M
Q4 24
$101.7M
$92.1M
Q3 24
$127.3M
$71.1M
Q2 24
$144.0M
$48.5M
Q1 24
$160.3M
$51.0M
Total Assets
BIRD
BIRD
PBYI
PBYI
Q4 25
$109.4M
$216.3M
Q3 25
$119.9M
$202.9M
Q2 25
$136.8M
$194.9M
Q1 25
$147.3M
$196.2M
Q4 24
$188.9M
$213.3M
Q3 24
$221.9M
$220.7M
Q2 24
$239.5M
$205.0M
Q1 24
$272.4M
$214.1M
Debt / Equity
BIRD
BIRD
PBYI
PBYI
Q4 25
0.48×
0.17×
Q3 25
0.24×
0.30×
Q2 25
0.07×
0.43×
Q1 25
0.58×
Q4 24
0.00×
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BIRD
BIRD
PBYI
PBYI
Operating Cash FlowLast quarter
$-3.3M
$14.4M
Free Cash FlowOCF − Capex
$-4.1M
$14.4M
FCF MarginFCF / Revenue
-8.7%
19.1%
Capex IntensityCapex / Revenue
1.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-58.2M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIRD
BIRD
PBYI
PBYI
Q4 25
$-3.3M
$14.4M
Q3 25
$-15.2M
$9.7M
Q2 25
$-8.7M
$14.1M
Q1 25
$-27.9M
$3.6M
Q4 24
$-10.8M
$15.6M
Q3 24
$-11.2M
$11.0M
Q2 24
$-15.6M
$1.0M
Q1 24
$-26.2M
$11.2M
Free Cash Flow
BIRD
BIRD
PBYI
PBYI
Q4 25
$-4.1M
$14.4M
Q3 25
$-16.1M
$9.7M
Q2 25
$-9.4M
$14.1M
Q1 25
$-28.5M
$3.6M
Q4 24
$-11.9M
$15.6M
Q3 24
$-11.9M
$11.0M
Q2 24
$-16.9M
$1.0M
Q1 24
$-27.3M
FCF Margin
BIRD
BIRD
PBYI
PBYI
Q4 25
-8.7%
19.1%
Q3 25
-48.9%
17.7%
Q2 25
-23.7%
26.8%
Q1 25
-88.8%
7.7%
Q4 24
-21.2%
26.4%
Q3 24
-27.6%
13.7%
Q2 24
-32.8%
2.1%
Q1 24
-69.5%
Capex Intensity
BIRD
BIRD
PBYI
PBYI
Q4 25
1.8%
0.0%
Q3 25
2.7%
0.0%
Q2 25
1.8%
0.0%
Q1 25
2.0%
0.1%
Q4 24
1.8%
0.0%
Q3 24
1.5%
0.0%
Q2 24
2.5%
0.0%
Q1 24
2.9%
0.0%
Cash Conversion
BIRD
BIRD
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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