BARK
BARK Inc
Q1 2026 Report
BARK Inc (BARK) Q1 2026 Earnings Analysis: Steady Growth Amidst Challenges...
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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
126.11M
QoQ: 8.52% | YoY:2.50%
Gross Profit
76.11M
60.35% margin
QoQ: 8.13% | YoY:0.62%
Operating Income
-5.70M
QoQ: 46.22% | YoY:48.68%
Net Income
-5.26M
QoQ: 47.57% | YoY:49.09%
EPS
-0.03
QoQ: 47.38% | YoY:48.46%
Revenue Trend
Margin Analysis
Key Insights
- **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.
- **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.