Logo

BARK

BARK, Inc.

BARK

BARK, Inc. • NYSE
$0.71 ▲ 0.82% (+0.01)
Market Cap $122.55 M
52w High $2.56
52w Low $0.66
Dividend Yield 0%
P/E -3.57
Volume 166.81K
Outstanding Shares 171.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $106.97M ▲ $72.619M ▲ $-10.672M ▼ -9.977% ▼ $-0.063 ▼ $-7.377M ▼
Q1-2026 $102.861M ▼ $72.43M ▼ $-7.03M ▼ -6.834% ▼ $-0.042 ▼ $-3.801M ▼
Q4-2025 $115.41M ▼ $79.967M ▼ $-6.067M ▲ -5.257% ▲ $-0.035 ▲ $-2.514M ▲
Q3-2025 $126.449M ▲ $91.505M ▲ $-11.509M ▼ -9.102% ▼ $-0.066 ▼ $-12.245M ▼
Q2-2025 $126.111M $81.808M $-5.263M -4.173% $-0.03 $-1.776M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $63.427M ▼ $247.98M ▼ $161.508M ▼ $86.472M ▼
Q1-2026 $84.665M ▼ $259.951M ▼ $165.982M ▲ $93.969M ▼
Q4-2025 $94.022M ▼ $260.635M ▼ $161.109M ▼ $99.526M ▼
Q3-2025 $115.259M ▲ $292.192M ▼ $179.154M ▲ $113.038M ▼
Q2-2025 $115.243M $301.572M $178.016M $123.556M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-10.672M ▼ $-18.074M ▼ $-1.852M ▼ $-634K ▲ $-20.524M ▼ $-19.926M ▼
Q1-2026 $-7.03M ▼ $-5.44M ▲ $-708K ▲ $-2.13M ▲ $-8.328M ▲ $-6.148M ▲
Q4-2025 $-6.067M ▲ $-10.258M ▼ $-1.729M ▼ $-10.437M ▼ $-22.454M ▼ $-11.987M ▼
Q3-2025 $-11.509M ▼ $-1.387M ▼ $-577K ▲ $-2.951M ▼ $-4.899M ▼ $-1.964M ▼
Q2-2025 $-5.263M $2.774M $-1.808M $-2.182M $-1.29M $966K

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Commerce Segment
Commerce Segment
 $20.00M ▲$20.00M ▲$20.00M ▲$10.00M ▼
Direct To Consumer Segment
Direct To Consumer Segment
 $100.00M ▲$110.00M ▲$100.00M ▼$90.00M ▼

Five-Year Company Overview

Income Statement

Income Statement BARK’s sales have been fairly steady in recent years, not surging but not collapsing either. The good news is that the company is becoming more efficient: its core profit after product costs has held up, and operating losses have gradually narrowed year by year. The bad news is that the business is still not profitable at the bottom line. In simple terms, BARK is inching toward break-even, but it has not yet crossed into consistent, sustainable profit territory.

Balance Sheet

Balance Sheet The balance sheet shows a company that still has some financial cushion but less than it used to. Cash levels have come down from earlier highs, and overall assets and shareholders’ equity have trended lower, reflecting ongoing losses over time. Debt is present but not extreme relative to the size of the business, which limits financial strain. The main takeaway is that BARK is not overburdened by debt, but its buffer to absorb setbacks has thinned and now depends more on reaching and maintaining profitability.

Cash Flow

Cash Flow Cash flow tells a mixed but improving story. A few years ago, BARK was burning a meaningful amount of cash from its operations; now it is much closer to cash break-even, with only modest outflows recently. Spending on long-term investments like equipment is low, which helps limit cash usage but also suggests a tight approach to capital. Overall, the company has moved from heavy cash burn to a more controlled, near-self-funding position, yet it still relies on careful management to avoid slipping back into larger outflows.

Competitive Edge

Competitive Edge BARK operates in a crowded pet market dominated by big retailers and online platforms, yet it has carved out a distinctive niche. Its brand is highly dog-centric, playful, and community-driven, which has built strong loyalty among subscribers. The subscription model gives it recurring revenue and rich customer data, while in-house product design lets it quickly create unique toys and treats. Expansion into major retailers increases visibility beyond its direct-to-consumer roots. The flip side is that it competes with much larger, better-funded players, and must constantly prove that its curated, branded experience is worth choosing over generic or cheaper alternatives.

Innovation and R&D

Innovation and R&D Instead of classic lab-style R&D, BARK’s innovation is driven by data, design, and customer insight. It uses detailed pet data and modern tools like machine learning to personalize boxes, offers, and new products. The company has steadily broadened its offerings from toys into food, dental care, treats, wellness, and even more experimental ideas like dog-focused air travel. Integrations with platforms like Shopify and new loyalty perks show it is trying to improve both customer experience and operational efficiency. The opportunity is that these innovations can deepen customer relationships and open new revenue streams; the risk is that some initiatives may be costly distractions if they fail to scale or pay back quickly.

Summary

Overall, BARK looks like a niche, brand-driven pet company that is slowly tightening up its finances while leaning heavily on creativity and customer data. Revenues have been stable rather than fast-growing, but losses and cash burn have narrowed, putting the company near—but not yet at—true profitability. Its financial safety margin is thinner than it once was, making future performance more sensitive to execution. On the strategic side, BARK’s strengths lie in its distinctive brand, loyal community, subscription foundation, and expanding product range in consumables and retail. The key question going forward is whether these competitive and innovative advantages can be converted into durable, profitable growth before financial flexibility becomes too constrained.

NEWS

November 18, 2025 · 8:30 AM UTC

BARK Shifts Creative Control to the Real Holiday Experts: Dogs

Read more

November 10, 2025 · 7:00 AM UTC

BARK Reports Second Quarter Fiscal Year 2026 Results

Read more

October 28, 2025 · 8:00 AM UTC

BARK Launches Subscriber Perks, Unlocking Over $1,500 in Annual Value for Its Dog-Loving Customers

Read more

October 23, 2025 · 4:05 PM UTC

BARK to Announce Second Quarter Fiscal Year 2026 Financial Results on November 10, 2025

Read more

October 21, 2025 · 10:30 AM UTC

Shay Capital Letter to the Board of Bark, Inc.

Read more