Bird Investor Presentation Deck
Ride Profit to Gross Margin
BIRD
(in millions)
Gross margin
Vehicle depreciation (¹)
Vehicle count adjustments (2)
Product Sales division (3)
Ride Profit (before Vehicle Depreciation)
Vehicle depreciation (¹)
Ride Profit (after Vehicle Depreciation)
Three Months Ended March 31,
2021
2022
3.4
9.2
0.6
(0.2)
13.0
(9.2)
3.8
2.0
5.6
(0.2)
0.2
7.6
(5.6)
2.0
1. We exclude vehicle depreciation as these costs are non-cash in nature. Vehicle depreciation excludes tariff depreciation adjustments, which were $(0.3) million and $(0.6) million for the three months ended March 31, 2022 and 2021, respectively.
2. We exclude vehicle count adjustments as these are adjustments made based on results of physical inventory counts, which are non-cash in nature.
3. We exclude the revenue and cost of revenue associated with vehicle sales to retail customers and Bird Platform partners.
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