10-Q · February 5, 2026
BARK reported Q3 revenue of $98,447 (thousand) and GAAP net loss per share of $(0.05). Revenue fell materially year-over-year from $126,449 (thousand) while gross margin held roughly steady at ~62.5% and operating loss…
Earnings analysis · 10-K
BARK earnings analysis
Filed June 10, 2026 · Our reading of the company's report
The latest report
BARK, Inc. reported a significant decline in revenues of $394.8 million for FY 2026, down 18.5% from FY 2025, driven largely by a decrease in Direct to Consumer segment sales. The company posted a net loss of $39.0…
Read full summary
BARK, Inc. reported a significant decline in revenues of $394.8 million for FY 2026, down 18.5% from FY 2025, driven largely by a decrease in Direct to Consumer segment sales. The company posted a net loss of $39.0 million, with gross margins decreasing due to declining revenues and increased operational costs. Although the business has faced challenges, it plans to focus on expanding its product offerings and stabilizing cash flows in the coming fiscal year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-4.57
- Segment
- Direct To Consumer
- Segment
- Commerce
What stood out
-
Revenue Performance Decline
Total revenue fell to $394.8 million in FY 2026, down 18.5% from $484.2 million in FY 2025, driven mainly by a 21.9% drop in the Direct to Consumer segment.
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Cost Reduction Efforts
Operating expenses decreased 16.3% to $282.1 million in FY 2026, primarily from reduced advertising costs.
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Cash Position
Cash and cash equivalents at March 31, 2026, were approximately $19.3 million.
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Growth in Commerce Segment
Commerce revenue grew by 2.3% year-over-year, indicating some resilience amid overall declines.
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Tariff Refunds
Accepted claims for IEEPA tariff refunds totaled $3.3 million, reflecting proactive management amidst recent rulings.
What to watch
-
Decreased DTC Revenue
The Direct to Consumer segment saw sales drop by 21.9%, indicating a loss of customer engagement and subscription revenue.
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Ongoing Net Losses
Net loss reached $39.0 million for FY 2026, highlighting persistent issues in achieving profitability.
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High Dependency on Major Customers
The company relies heavily on a few large customers; two customers constituted 42% of total receivables, raising operational risk.
Management's outlook
Q1 2027 revenue guidance is projected between $77 million and $79 million, indicating continued revenue pressure.
Earlier filings 4
10-Q · November 10, 2025
BARK reported third-quarter revenue of $106,970 (in thousands) versus $126,111 in the prior-year quarter, a decline of $19,141 (15.2%). Gross margin compressed to 57.9% from 60.4% and operating loss widened to $10,659…
10-Q · August 7, 2025
BARK reported quarterly revenue of $102.861M, down 11.5% year-over-year from $116.212M, while gross profit fell to $64.077M. Operating loss narrowed to $8.353M (‑8.1% margin) from $10.592M (‑9.1% margin) and net loss…
10-K · June 3, 2024
BARK positions itself as a vertically integrated, omnichannel dog brand focused on personalization at scale (over 6 million dogs in its dataset) and is pushing expansion from toys into consumables and retail. Fiscal…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.