Bird Results Presentation Deck
Reconciliation of Ride Profit to Gross Margin
BIRD
(in millions)
Gross profit (loss)
Vehicle depreciation
Vehicle count adjustments (1)
Product Sales division (2)
Ride Profit (before Vehicle Depreciation)
Vehicle depreciation
Ride Profit (after Vehicle Depreciation)
Three Months Ended June 30,
2022
2023
19.4
7.7
(0.2)
(0.3)
26.6
(7.7)
18.9
1. We exclude vehicle count adjustments as these are adjustments made based on results of physical inventory counts, which are non-cash in nature.
2.
We exclude the revenue and cost of revenue associated with vehicle sales to retail customers and Bird Platform partners.
(23.2)
18.4
33.2
28.4
(18.4)
10.0
Six Months Ended June 30,
2022
2023
24.4
17.5
(0.1)
(0.4)
41.4
(17.5)
23.9
(22.4)
27.7
0.6
33.1
39.0
(27.7)
11.3View entire presentation