BARK Inc reported QQ1 2026 revenue of $102.861 million, down 11.49% year over year and 10.87% quarter over quarter, with a gross margin of 62.29% (gross profit of $64.077 million). Operating income was negative $8.353 million and net income amounted to a loss of $7.030 million, or a loss per share of $0.0415. Despite the top-line decline, gross margin remained robust, suggesting a favorable product and subscription mix, while the company continues to invest in growth initiatives and brand experiences. The quarter also reflected operating weaknesses typical of a high-growth, consumer-centric model: negative EBITDA (-$3.801 million) and negative free cash flow (-$6.148 million), with working-capital dynamics contributing to cash-outflows (change in working capital −$5.168 million) and a net cash outflow from operating activities of −$5.44 million. The balance sheet shows a solid liquidity position, with cash and cash equivalents of $84.665 million and a net debt position of approximately −$0.78 million, alongside substantial accumulated losses (retained earnings −$386.847 million). Management commentary (where available) emphasizes a focus on subscription growth, DTC expansion, and cost discipline as levers to drive a path toward profitability, albeit with no formal forward guidance disclosed in the data provided. Investors should monitor revenue trajectory, marketing efficiency, gross-margin sustainability, working-capital dynamics, and the pace of operating-expense optimization as the company scales its BarkBox/BarkShop ecosystem.