BARK Inc (BARK) Q2 2025 Earnings Report

Next: Q3 2025

BARK Inc

BARK

$0.672 -1.32%

Exchange: NYSE | Sector: Consumer Cyclical | Industry: Specialty Retail

Q2 2025

Published: Nov 7, 2024

Earnings Highlights

Revenue of $126.11M up 2.5% year-over-year
EPS of $-0.03 increased by 48.5% from previous year
Gross margin of 60.4%
Net income of -5.26M
"*"We delivered our strongest adjusted EBITDA quarter in company history, which represents our ninth consecutive quarter of year-over-year adjusted EBITDA improvement."*" - Matt Meeker

BARK

BARK Inc

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

BARK Inc reported its Q2 2025 results, showcasing a remarkable return to growth with revenues reaching $126.1 million, a 2.5% year-over-year increase and the first positive year-over-year growth in eight quarters. Management emphasized the continued positive trend in commerce revenue, which grew 26% year-over-year, driven by strategic partnerships and product expansion. Notably, the company recorded its strongest adjusted EBITDA of $3.5 million, demonstrating significant operational improvements and cost management. The cash position remains robust at $115 million, providing ample opportunity for further investments and strategic maneuvers in upcoming quarters.

Key Performance Indicators

Revenue

Increasing

126.11M

QoQ: 8.52% | YoY: 2.50%

Gross Profit

Increasing

76.11M

60.35% margin

QoQ: 8.13% | YoY: 0.62%

Operating Income

Increasing

-5.70M

QoQ: 46.22% | YoY: 48.68%

Net Income

Increasing

-5.26M

QoQ: 47.57% | YoY: 49.09%

EPS

Increasing

-0.03

QoQ: 47.38% | YoY: 48.46%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance:
- Q2 Revenue: $126.1 million (YoY: +2.5%, QoQ: +8.52%). This reflects the first annual revenue growth in two years.
- DTC Segment Revenue: $102.6 million, albeit down 1.6% YoY, showing resilience amid market challenges.
- Commerce Segment Revenue: $23.5 million, up 25.6% YoY, indicating strong traction in retail partnerships and distribution channels.

Profitability Metrics:
- Gross Margin: 60.4%, driven by the profitable commerce segment which contrasts with the higher costs typically associated with DTC.
- Adjusted EBITDA: $3.5 million, marking significant progress with a $2.5 million YoY improvement.
- Net Income: -$5.26 million, reduced losses compared to past quarters, reflecting tighter operational controls.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	126.11M	2.50%	8.52%
Gross Profit	76.11M	0.62%	8.13%
Operating Income	-5.70M	48.68%	46.22%
Net Income	-5.26M	49.09%	47.57%
EPS	-0.03	48.46%	47.38%

Key Financial Ratios

Gross Profit Margin

Excellent

60.40%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Weak

-0.05%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.04%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.04%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

2.42

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Elevated

0.69

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Negative

-13.55x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

2.31x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	106.97	-0.06	-15.2%	View
Q1 2026	102.86	-0.04	-11.5%	View
Q4 2025	115.41	-0.03	-5.0%	View
Q3 2025	126.45	-0.07	+1.1%	View
Q2 2025	126.11	-0.03	+2.5%	View

BARK Inc (BARK) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More BARK Quarterly Reports

BARK

BARK

BARK

BARK

Q2 2025 Reports in Consumer Cyclical Sector

LOVE

Related Financial Data

Sector Analysis: Consumer Cyclical

BARK Full Profile

BARK Financial Statements

Earnings Calendar