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 (BARK) reported its Q4 2025 results with revenues of $115.4 million, a decrease of 5% year-over-year, predominantly influenced by heightened tariffs and an overall softening in consumer sentiment. Despite these challenges, management achieved a milestone with a positive adjusted EBITDA of $5.2 million for the quarter and $5.4 million for the full year, marking the company's first-ever annual EBITDA positive result since inception. The improved performance reflects BARK's strategic pivot towards enhancing gross margins and diversifying revenue streams away from traditional subscriptions, which currently represent about 85% of total revenues. Moving forward, management emphasized a commitment to maintaining financial health and further developing growth avenues, particularly in commerce and new product lines.
Key Performance Indicators
Revenue
115.41M
QoQ: -8.73% | YoY:-5.00%
Gross Profit
73.35M
63.56% margin
QoQ: -7.46% | YoY:-3.04%
Operating Income
-6.62M
QoQ: 45.96% | YoY:-2.57%
Net Income
-6.07M
QoQ: 47.28% | YoY:-23.77%
EPS
-0.03
QoQ: 47.02% | YoY:-24.37%
Revenue Trend
Margin Analysis
Key Insights
- Q4 2025 Revenue: $115.4 million (down 5.0% YoY, down 8.73% QoQ)
- Full Year Revenue: $484.2 million (down 1.2% YoY)
- Q4 2025 Gross Profit: $73.35 million, Gross Margin: 63.6% (highest ever, +80 bps YoY)
- Adjusted EBITDA Q4 2025: $5.2 million (compared to -$1.3 million in Q4 2024)
- Cash and Equivalents: $94 million (down $21 million from Q3 2025)