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Side-by-side financial comparison of Allbirds, Inc. (BIRD) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $47.7M, roughly 1.1× Allbirds, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -41.1%, a 108.4% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -14.6%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-4.1M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
BIRD vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $51.6M |
| Net Profit | $-19.6M | $34.8M |
| Gross Margin | 37.2% | — |
| Operating Margin | -43.5% | 97.0% |
| Net Margin | -41.1% | 67.3% |
| Revenue YoY | -14.6% | 32.8% |
| Net Profit YoY | 23.7% | 67.0% |
| EPS (diluted) | $-2.33 | $0.90 |
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.
| Q4 25 | $47.7M | $51.6M | ||
| Q3 25 | $33.0M | $49.1M | ||
| Q2 25 | $39.7M | $47.6M | ||
| Q1 25 | $32.1M | $37.5M | ||
| Q4 24 | $55.9M | $38.9M | ||
| Q3 24 | $43.0M | $35.1M | ||
| Q2 24 | $51.6M | $32.4M | ||
| Q1 24 | $39.3M | $29.5M |
| Q4 25 | $-19.6M | $34.8M | ||
| Q3 25 | $-20.3M | $25.4M | ||
| Q2 25 | $-15.5M | $26.0M | ||
| Q1 25 | $-21.9M | $18.9M | ||
| Q4 24 | $-25.7M | $20.8M | ||
| Q3 24 | $-21.2M | $15.8M | ||
| Q2 24 | $-19.1M | $14.8M | ||
| Q1 24 | $-27.3M | $17.3M |
| Q4 25 | 37.2% | — | ||
| Q3 25 | 43.2% | — | ||
| Q2 25 | 40.7% | — | ||
| Q1 25 | 44.8% | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | 44.4% | — | ||
| Q2 24 | 50.5% | — | ||
| Q1 24 | 46.9% | — |
| Q4 25 | -43.5% | 97.0% | ||
| Q3 25 | -60.3% | 72.1% | ||
| Q2 25 | -41.6% | 71.3% | ||
| Q1 25 | -71.1% | 71.7% | ||
| Q4 24 | -46.1% | 82.5% | ||
| Q3 24 | -50.7% | 60.6% | ||
| Q2 24 | -39.1% | 61.3% | ||
| Q1 24 | -75.8% | 78.8% |
| Q4 25 | -41.1% | 67.3% | ||
| Q3 25 | -61.6% | 51.7% | ||
| Q2 25 | -39.1% | 54.6% | ||
| Q1 25 | -68.1% | 50.4% | ||
| Q4 24 | -46.0% | 53.5% | ||
| Q3 24 | -49.3% | 45.1% | ||
| Q2 24 | -37.1% | 45.6% | ||
| Q1 24 | -69.5% | 58.5% |
| Q4 25 | $-2.33 | $0.90 | ||
| Q3 25 | $-2.49 | $0.65 | ||
| Q2 25 | $-1.92 | $0.69 | ||
| Q1 25 | $-2.73 | $0.51 | ||
| Q4 24 | $-3.22 | $0.56 | ||
| Q3 24 | $-2.68 | $0.44 | ||
| Q2 24 | $-2.45 | $0.42 | ||
| Q1 24 | $-3.52 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.7M | $92.1M |
| Total DebtLower is stronger | $17.4M | — |
| Stockholders' EquityBook value | $35.9M | $672.5M |
| Total Assets | $109.4M | $7.4B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $92.1M | ||
| Q3 25 | $23.7M | $99.0M | ||
| Q2 25 | $33.1M | $79.6M | ||
| Q1 25 | $39.1M | $51.7M | ||
| Q4 24 | $66.7M | $49.9M | ||
| Q3 24 | $78.6M | $44.1M | ||
| Q2 24 | $87.2M | $47.4M | ||
| Q1 24 | $102.1M | $34.8M |
| Q4 25 | $17.4M | — | ||
| Q3 25 | $12.3M | — | ||
| Q2 25 | $5.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $35.9M | $672.5M | ||
| Q3 25 | $51.9M | $634.3M | ||
| Q2 25 | $71.4M | $597.9M | ||
| Q1 25 | $82.8M | $563.2M | ||
| Q4 24 | $101.7M | $516.9M | ||
| Q3 24 | $127.3M | $484.6M | ||
| Q2 24 | $144.0M | $471.3M | ||
| Q1 24 | $160.3M | $452.9M |
| Q4 25 | $109.4M | $7.4B | ||
| Q3 25 | $119.9M | $7.0B | ||
| Q2 25 | $136.8M | $6.5B | ||
| Q1 25 | $147.3M | $6.0B | ||
| Q4 24 | $188.9M | $5.5B | ||
| Q3 24 | $221.9M | $5.2B | ||
| Q2 24 | $239.5M | $4.9B | ||
| Q1 24 | $272.4M | $4.6B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.3M | $18.2M |
| Free Cash FlowOCF − Capex | $-4.1M | $17.9M |
| FCF MarginFCF / Revenue | -8.7% | 34.6% |
| Capex IntensityCapex / Revenue | 1.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-58.2M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.3M | $18.2M | ||
| Q3 25 | $-15.2M | $11.5M | ||
| Q2 25 | $-8.7M | $7.7M | ||
| Q1 25 | $-27.9M | $3.5M | ||
| Q4 24 | $-10.8M | $37.8M | ||
| Q3 24 | $-11.2M | $-17.6M | ||
| Q2 24 | $-15.6M | $11.5M | ||
| Q1 24 | $-26.2M | $10.6M |
| Q4 25 | $-4.1M | $17.9M | ||
| Q3 25 | $-16.1M | $11.4M | ||
| Q2 25 | $-9.4M | $7.6M | ||
| Q1 25 | $-28.5M | $3.5M | ||
| Q4 24 | $-11.9M | $37.5M | ||
| Q3 24 | $-11.9M | $-17.6M | ||
| Q2 24 | $-16.9M | $11.4M | ||
| Q1 24 | $-27.3M | $10.5M |
| Q4 25 | -8.7% | 34.6% | ||
| Q3 25 | -48.9% | 23.2% | ||
| Q2 25 | -23.7% | 15.9% | ||
| Q1 25 | -88.8% | 9.2% | ||
| Q4 24 | -21.2% | 96.4% | ||
| Q3 24 | -27.6% | -50.3% | ||
| Q2 24 | -32.8% | 35.1% | ||
| Q1 24 | -69.5% | 35.8% |
| Q4 25 | 1.8% | 0.5% | ||
| Q3 25 | 2.7% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.8% | 0.7% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 2.9% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIRD
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
