BARK
BARK Inc
Q4 2025 Report
BARK Inc (BARK) Q4 2025 Financial Results: Signs of Resilience Amidst Market Challenges...
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Executive Summary
In Q1 2026, BARK Inc reported a revenue of $102.9 million, exceeding expectations and reflecting a solid start to the fiscal year. The company posted a modest positive adjusted EBITDA of $100,000 amidst macroeconomic uncertainties, which signals effective cost management and a pivot towards enhanced customer retention strategies. A notable trend included the further diversification of revenue sources, with approximately $16 million generated from non-D2C channels, nearly doubling revenue from this segment compared to the previous year. Additionally, BARK Air demonstrated rapid growth, contributing $2.3 million in revenue and achieving a 300% increase year-over-year. Despite challenges posed by tariffs and increased competition in the specialty retail sector, BARK is strategically positioned to enhance profitability through cross-selling initiatives and its emerging consumables line.
Key Performance Indicators
Revenue
102.86M
QoQ: -10.87% | YoY:-11.49%
Gross Profit
64.08M
62.29% margin
QoQ: -12.64% | YoY:-8.96%
Operating Income
-8.35M
QoQ: -26.24% | YoY:21.14%
Net Income
-7.03M
QoQ: -15.87% | YoY:29.97%
EPS
-0.04
QoQ: -19.60% | YoY:27.45%
Revenue Trend
Margin Analysis
Key Insights
**Revenue Performance:** BARK achieved $102.9 million in revenue for Q1 2026, which is an increase of 21.9% year-over-year but a decline of 10.9% sequentially. The direct-to-consumer (D2C) sales were particularly strong, contributing $89.2 million to overall revenue. **Profitability Metrics:** Net income stood at -$7.03 million, reflecting a net income margin of -6.81%. The adjusted EBITDA reached $100,000, indicating the company's ability to maintain a positive EBITDA after several quart...