Smartbird, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $126.6m $288.6m $167.1m $130.0m $66.7m $26.7m
Accounts receivable $2.0m $11.0m $9.2m $8.2m $6.2m $6.8m
Inventory $59.2m $106.9m $116.8m $57.8m $44.1m $38.9m
Prepaid expenses and other current assets $27.1m $37.9m $15.8m $16.4m $13.5m $9.7m
Total current assets $214.8m $444.4m $308.9m $212.4m $130.6m $82.1m
Property and equipment—net $23.3m $38.0m $54.3m $26.1m $17.8m $10.5m
Operating lease right-of-use assets $0 $91.2m $67.1m $38.1m $13.1m
Other assets $5.9m $6.1m $7.9m $7.1m $2.4m $3.7m
Accrued expenses and other current liabilities $31.5m $46.2m $23.4m $23.0m $18.8m $14.4m
Current lease liabilities $0 $10.3m $15.2m $10.9m $6.8m
Deferred revenue $2.9m $4.2m $4.1m $4.6m $3.9m $1.7m
Noncurrent lease liabilities $0 $95.6m $78.7m $42.8m $15.5m
Total noncurrent liabilities $10.8m $10.3m $95.6m $78.8m $42.8m $32.9m
Total stockholders’ equity ($25.5m) $397.0m $316.8m $185.3m $101.7m $35.9m
Total assets $244.0m $488.4m $462.4m $312.7m $188.9m $109.4m
Total liabilities and stockholders’ equity $244.0m $488.4m $462.4m $312.7m $188.9m $109.4m
Accounts payable $20.2m $30.7m $12.2m $5.9m $10.8m $17.8m
Total current liabilities $54.7m $81.2m $50.0m $48.6m $44.4m $40.6m
Long-term debt $0 $17.4m
Other long-term liabilities $5.0m $10.3m $0 $38k $29k $0
Total liabilities $65.5m $91.4m $145.6m $127.4m $87.2m $73.5m
Common stock $5k $15k $15k $15k $1k $1k
Additional paid-in capital $64.5m $533.7m $559.1m $579.8m $591.9m $601.6m
Accumulated other comprehensive loss $2.0m $666k ($3.6m) ($3.3m) ($5.7m) ($3.9m)
Accumulated deficit ($92.0m) ($137.4m) ($238.7m) ($391.2m) ($484.5m) ($561.8m)