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BARK-WT

BARK, Inc.

BARK-WT

BARK, Inc. • NYSE
$0.01 ▲ 2.84% (+0.00)
Market Cap $113.63 M
52w High $0.04
52w Low $0.01
Dividend Yield 0%
P/E 0
Volume 100
Outstanding Shares 7.77B

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 Q3-2025Q4-2025Q1-2026Q2-2026
Commerce Segment
Commerce Segment
 $20.00M ▲$20.00M ▲$10.00M ▼$20.00M ▲
Direct To Consumer Segment
Direct To Consumer Segment
 $110.00M ▲$100.00M ▼$90.00M ▼$80.00M ▼

Five-Year Company Overview

Income Statement

Income Statement BARK’s income statement shows a company that has found a revenue plateau but is still working its way to consistent profitability. Sales have been relatively steady in recent years, with no major collapse but also no clear breakout growth. The business generates healthy gross margins, meaning the core product economics are attractive after direct costs. However, operating and net results remain in the red, although losses have generally narrowed compared with a few years ago. In simple terms: the model is promising on a per-customer basis, but overhead, marketing, and growth investments continue to outweigh the profits from those customers, keeping the bottom line negative.

Balance Sheet

Balance Sheet The balance sheet reflects a modest but shrinking financial cushion. The company still carries a reasonable cash position relative to its size and does not appear heavily burdened by debt, which limits financial strain from interest costs. Equity remains positive, meaning assets still exceed liabilities, but that equity base has eroded over time as losses accumulate. Total assets, including cash, have drifted down from earlier levels, suggesting a need for disciplined capital management going forward. Overall, the balance sheet is not distressed, but it is gradually weakening, leaving less room for prolonged underperformance.

Cash Flow

Cash Flow Cash flow paints a picture of a business that has moved from heavy cash burn toward borderline break-even, but not yet into clearly sustainable territory. Operating cash flow has improved meaningfully from earlier years when outflows were sizable, and recent periods hover around a small outflow or near-neutral position. Free cash flow tells a similar story, helped by relatively light capital spending needs. This indicates the model isn’t very capital intensive, which is a plus, but the company still needs to show it can consistently generate cash from operations rather than consuming it, especially as its balance sheet cushion is not large.

Competitive Edge

Competitive Edge BARK competes in a crowded pet industry but has carved out a distinct niche around dog-centric, subscription-driven products and an increasingly broad ecosystem. Its brand is playful, highly recognizable among dog owners, and reinforced by strong social media and community engagement. Vertical integration – designing and producing its own toys, treats, and consumables – gives it control over quality, branding, and exclusivity, which many generic retailers lack. The subscription model creates recurring relationships and a constant flow of customer data. On the flip side, the company faces intense competition from large pet retailers and online marketplaces, where customer loyalty can be fragile and marketing costs can climb quickly. BARK’s advantage depends on maintaining its brand appeal, keeping customer acquisition costs in check, and proving that its unique services (like BARK Air) are more than just attention-grabbing experiments.

Innovation and R&D

Innovation and R&D Innovation is one of BARK’s strongest themes. The company leans heavily on data and technology to personalize boxes, target marketing, and refine products. Its use of AI-driven personalization, detailed customer segmentation, and a flexible e-commerce stack (now on Shopify) helps it move quickly and test new ideas with relatively low friction. Beyond toys and treats, BARK is pushing into dental care, food, wellness, and even pet-first air travel, positioning itself as a holistic “dog lifestyle” brand. This creates many avenues for growth, but also raises execution risk: each new line needs to scale efficiently and not distract from the core subscription engine. The upside is a culture that embraces experimentation and product development; the challenge is turning that innovation into steady, profitable revenue streams.

Summary

Overall, BARK looks like a differentiated, brand-led player in the pet space with strong creative and technological capabilities, but still in the transition phase from growth-at-all-costs to sustainable profitability. Financially, it has decent gross margins and improving cash discipline, yet ongoing losses and a gradually thinning equity cushion highlight the need for continued progress on efficiency and scale. Strategically, its data-driven personalization, proprietary products, and subscription base offer real competitive strengths, while its expansions into food, wellness, retail partnerships, and BARK Air show ambition and optionality. The key questions going forward center on whether the company can reignite durable revenue growth, convert its innovation pipeline into consistent profits, and do so before its financial flexibility becomes too constrained.