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Bird Global (Bird Global) Gross Profit : $73.1 Mil (TTM As of Sep. 2023)


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What is Bird Global Gross Profit?

Bird Global's gross profit for the three months ended in Sep. 2023 was $19.2 Mil. Bird Global's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $73.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Bird Global's gross profit for the three months ended in Sep. 2023 was $19.2 Mil. Bird Global's Revenue for the three months ended in Sep. 2023 was $54.3 Mil. Therefore, Bird Global's Gross Margin % for the quarter that ended in Sep. 2023 was 35.41%.

Bird Global had a gross margin of 35.41% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 4 years, the highest Gross Margin % of Bird Global was 36.21%. The lowest was -90.14%. And the median was -8.42%.


Bird Global Gross Profit Historical Data

The historical data trend for Bird Global's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bird Global Gross Profit Chart

Bird Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Gross Profit
-135.68 -25.89 22.67 34.71

Bird Global Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.71 29.41 5.09 19.35 19.24

Competitive Comparison of Bird Global's Gross Profit

For the Rental & Leasing Services subindustry, Bird Global's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bird Global's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bird Global's Gross Profit distribution charts can be found below:

* The bar in red indicates where Bird Global's Gross Profit falls into.



Bird Global Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Bird Global's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )=Revenue - Cost of Goods Sold
=244.66 - 209.955
=34.7

Bird Global's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )=Revenue - Cost of Goods Sold
=54.33 - 35.091
=19.2

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $73.1 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Bird Global's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=19.2 / 54.33
=35.41 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Bird Global  (OTCPK:BRDSQ) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Bird Global had a gross margin of 35.41% for the quarter that ended in Sep. 2023 => Competition eroding margins


Bird Global Gross Profit Related Terms

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Bird Global (Bird Global) Business Description

Traded in Other Exchanges
N/A
Address
392 North East 191st Street, No. 20388, Miami, FL, USA, 33179
Bird Global Inc is a micro-mobility company engaged in delivering electric transportation solutions for short distances. It partners with cities to bring lightweight, electric vehicles to residents and visitors to replace car trips by providing an alternative sustainable transportation option. The company operates in North America, Europe, Middle East and Africa and Other countries.
Executives
John Ivan Bitove director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Hoselito Joseph Prodan officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Michael Washinushi officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Stewart Lyons officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Travis Vanderzanden director, 10 percent owner, officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Shane Torchiana officer: Chief Operating Officer 1425 BRICKELL AVE, UNIT 58E, MIAMI FL 33131
Jeffrey Vance officer: Corporate Controller IMAX CORPORATION, 2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K 1B1
Philip Keebler Ryan director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET #20388, MIAMI FL 33179
Philip Evershed director C/O BIRD GLOBAL, INC., 392 N 191ST STREET #20388 FL 33179
Antonio Occhionero director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Kevin Talbot director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Lance Bradley officer: Chief Technology Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Ben Lu officer: Chief Financial Officer C/O BIRD RIDES, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Gregory Alan Wright officer: Controller C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Yibo Ling officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179