Smartbird, Inc. reported a board change under Item 5.02 of Form 8-K, covering the departure of a director. On June 27, 2026, Ravi Thanawala notified the company’s board of directors that he intends to resign from the board. Thanawala’s resignation is scheduled to become effective July 14, 2026. The company said the delayed effective date is intended to support an orderly transition. The filing states that Thanawala is stepping down because he will assume the role of chief financial officer at American Eagle Outfitters, Inc. Smartbird emphasized that the resignation was not due to any disagreement with the company regarding its operations, policies, or practices. The filing did not report any related securities transactions, share sales, option exercises, equity awards, vesting arrangements, or changes in ownership. The current report was signed on July 1, 2026, by Nadia Carlsten, the company’s chief executive officer. One notable detail is that the signature block identifies the registrant as “Allbirds, Inc.” while the body of the filing refers to “Smartbird, Inc.”; the substantive corporate action disclosed is the same director resignation described above.
Stock detail
Smartbird (BIRD) stock price, chart, and key data
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Stock detail
Smartbird
BIRD · XNAS
+$1.80 (+68.97%) past day
$4.41
After hours $2.80 (-36.51%)
Key metrics
Financials
Quarterly revenue, profitability, and balance-sheet snapshot
Operating income & Operating cash flow
Quarterly revenue, profitability, and balance-sheet snapshot
Total assets & Total liabilities
Quarterly revenue, profitability, and balance-sheet snapshot
Total equity & Shares outstanding
Quarterly revenue, profitability, and balance-sheet snapshot
Day range
$2.61 - $2.84
Close price
$2.74
Market cap
$23.2M
P/E ratio
-0.48
Financials
FY2026 Q1Operating income
-$20M
Operating cash flow
-$12M
EPS
—
Shares outstanding
8.8M
Total assets
$85M
Total equity
$16M
Total liabilities
$68M
About the company
Smartbird Inc
Smartbird Inc delivers dedicated AI infrastructure as a service, giving organizations the performance, control, and security of a private AI cluster without requiring them to finance, operate, or maintain the underlying infrastructure. Smartbird manages the entire lifecycle, from procurement and deployment to operations and hardware refreshes, so customers can focus on AI workloads, not AI infrastructure.
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