BARK Reports First Quarter Fiscal Year 2026 Results

BARK, Inc., a leading global omnichannel dog brand, has released its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company, known for its mission to make all dogs happy, reported several key financial metrics and operational highlights in its latest SEC 8-K filing.

Financial Highlights

For the first quarter of fiscal year 2026, BARK reported total revenue of $102.9 million, which was ahead of the company's guidance range but represented an 11.5% decline year-over-year. The company's net loss improved to $(7.0) million from $(10.0) million in the previous year. Adjusted EBITDA was $0.1 million, marking a $1.9 million improvement compared to the same period last year.

Business and Operational Highlights

BARK's direct-to-consumer (DTC) revenue was $89.2 million, a 16.7% decrease year-over-year. However, the company's commerce revenue, which includes its retail business, saw a significant increase of 49.5% year-over-year, reaching $13.7 million. This growth was driven by strong performance at retail partners such as Costco, Amazon, Chewy, and TJX.

The company's direct-to-consumer gross margin improved by 250 basis points to 67.0%, attributed to a shift towards higher-value Super Chewer customers. Additionally, BARK Air surpassed $2 million in revenue during the quarter.

Strategic Initiatives and Corporate Developments

BARK's strategic focus for fiscal 2026 includes maintaining positive adjusted EBITDA and accelerating diversification beyond subscription boxes. The company managed its marketing spend effectively to ensure profitability and achieved its strongest DTC gross margin quarter to date. BARK also repurchased $1.8 million worth of shares during the quarter.

Management's Perspective

Matt Meeker, Co-Founder and CEO of BARK, commented on the company's performance, stating, "We entered fiscal 2026 with two clear priorities: maintain positive adjusted EBITDA and accelerate diversification beyond subscription boxes. Last quarter, we made solid progress on both. Revenue came in ahead of guidance, we closely managed our marketing spend to ensure we delivered positive adjusted EBITDA, and we achieved our strongest DTC gross margin quarter to date—driven by a shift toward higher-value Super Chewer customers."

Future Outlook

For the fiscal second quarter of 2026, BARK expects total revenue to be between $102.0 million and $105.0 million, with adjusted EBITDA ranging from $(2.0) million to $2.0 million. Due to ongoing uncertainty surrounding tariffs and their impact on overall demand and operating costs, the company has decided not to provide full-year guidance at this time.

SEC Filing: Bark, Inc. [ BARK ] - 8-K - Aug. 07, 2025