Infobird Co., Ltd
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsInfobird Co., Ltd is a Cayman Islands-incorporated software company listed on Nasdaq under IFBD that sells customer engagement software and, since late 2024, holds interests in Pure Tech Global Limited.
What they do
The company operates through PRC-based entities, including wholly-owned subsidiary Guangnian Zhiyuan (Beijing) Technology Co., Ltd and its subsidiary Beijing Suowangda Technology Development Co., Ltd. It is classified as prepackaged software services. It also holds equity interests in Pure Tech Global Limited, acquired 65% in November 2024 and an additional 32% in December 2024.
Revenue drivers
- Software and services operations — Revenue is generated by PRC subsidiaries Guangnian Zhiyuan and Beijing Suowangda; reported annual revenue moved from $9.6M in 2021 to $280,000 in 2023, $1.4M in 2024 and $8.7M in 2025.
- Pure Tech Global Limited equity interests — The company acquired 65% of Pure Tech Global Limited for $40.0M in November 2024 and an additional 32% for $25.7M in December 2024; the filings provided do not disclose segment-level revenue contributions.
Recent performance
Fiscal 2025 revenue was $8.7M, up from $1.4M in 2024. Net loss was $53.6M in 2025, compared with net losses of $2.9M in 2023 and $2.1M in 2024. Diluted EPS was -$6.5 in 2025 versus -$1.05 in 2024. Operating cash flow was -$521,734 in 2025, after positive $3.3M in 2024. At December 31, 2025, total assets were $23.2M, total liabilities $5.0M and shareholder equity $17.7M.
Strategy
The filing is an Amendment No. 1 on Form 20-F/A that amends the annual report for the year ended December 31, 2025, originally filed April 2, 2026. Management states the purpose was to correct identified accounting errors in the 2025 financial statements. The amendment updates specified pages of the annual report, the Section 302 and Section 906 certifications, and Exhibits 23.1 and 23.2. The filing does not otherwise reflect events after the original annual report date or modify other disclosure.
Risks
- Financial restatement — The company amended its 2025 annual report to correct identified accounting errors in the 2025 financial statements.
- Losses and cash burn — Net loss was $53.6M in 2025 and operating cash flow was -$521,734 in 2025, following positive $3.3M in 2024.
- Revenue volatility — Annual revenue fell from $9.6M in 2021 to $280,000 in 2023 before recovering to $1.4M in 2024 and $8.7M in 2025.
- Acquisition integration — The company acquired 65% of Pure Tech Global Limited for $40.0M in November 2024 and an additional 32% for $25.7M in December 2024.
Outlook
The filing provided is an amendment to the 2025 annual report and states it does not reflect events after the original annual report date. It does not include forward-looking guidance. No management outlook for 2026 is contained in the excerpt.