Bark Inc Financials
This page shows Bark Inc (BARK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BARK is using gross-margin expansion and leaner overhead to offset softer sales, but steady cash generation still trails the accounting turnaround.
From FY2023 to FY2025, gross profit dollars held near$302M even as sales eased, showing a richer gross margin profile rather than a volume-led recovery. That cushion, plus lower SG&A, narrowed operating losses, yet FY2025 operating cash flow slipped back below zero, so the improvement still rests more on income-statement repair than durable cash conversion.
Balance-sheet posture improved because long-term debt fell from
Working capital looks like the main drag on cash quality: inventory climbed to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bark Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bark Inc has an operating margin of -10.2%, meaning the company retains $-10 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is down from -7.3% the prior year.
Bark Inc's revenue declined 18.5% year-over-year, from $484.2M to $394.8M. This contraction results in a growth score of 11/100.
Bark Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Bark Inc's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
While Bark Inc generated -$23.2M in operating cash flow, capex of $3.4M consumed most of it, leaving -$26.6M in free cash flow. This results in a low score of 21/100, reflecting heavy capital investment rather than weak cash generation.
Bark Inc's ROE of -54.2% shows moderate profitability relative to equity, earning a score of 31/100. This is down from -33.0% the prior year.
Bark Inc scores -1.00, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($83.4M) relative to total liabilities ($98.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Bark Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bark Inc generates $0.59 in operating cash flow (-$23.2M OCF vs -$39.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Bark Inc earns $-21.1 in operating income for every $1 of interest expense (-$40.2M vs $1.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Bark Inc generated $394.8M in revenue in fiscal year 2026. This represents a decrease of 18.5% from the prior year.
Bark Inc's EBITDA was -$31.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.9% from the prior year.
Bark Inc reported -$39.0M in net income in fiscal year 2026. This represents a decrease of 18.6% from the prior year.
Bark Inc earned $-4.57 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 21.2% from the prior year.
Cash & Balance Sheet
Bark Inc generated -$26.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 100.8% from the prior year.
Bark Inc held $19.3M in cash against $0 in long-term debt as of fiscal year 2026.
Bark Inc had 9M shares outstanding in fiscal year 2026. This represents an increase of 2.3% from the prior year.
Margins & Returns
Bark Inc's gross margin was 61.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Bark Inc's operating margin was -10.2% in fiscal year 2026, reflecting core business profitability. This is down 2.9 percentage points from the prior year.
Bark Inc's net profit margin was -9.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Bark Inc's ROE was -54.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 21.1 percentage points from the prior year.
Capital Allocation
Bark Inc spent $1.8M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 90.4% from the prior year.
Bark Inc invested $3.4M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 44.5% from the prior year.
BARK Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $86.6M-12.1% | $98.4M-8.0% | $107.0M+4.0% | $102.9M-10.9% | $115.4M-8.7% | $126.4M+0.3% | $126.1M+8.5% | $116.2M |
| Cost of Revenue | $32.3M-12.5% | $36.9M-18.1% | $45.0M+16.1% | $38.8M-7.8% | $42.1M-10.9% | $47.2M-5.6% | $50.0M+16.4% | $42.9M |
| Gross Profit | $54.3M-11.8% | $61.6M-0.6% | $62.0M-3.3% | $64.1M-12.6% | $73.3M-7.5% | $79.3M+4.1% | $76.1M+3.9% | $73.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $53.9M-1.1% | $54.5M-4.8% | $57.2M-0.1% | $57.3M-8.6% | $62.7M-2.3% | $64.1M+1.6% | $63.1M-0.4% | $63.4M |
| Operating Income | -$12.2M-35.6% | -$9.0M+15.7% | -$10.7M-27.6% | -$8.4M-26.3% | -$6.6M+46.0% | -$12.2M-115.0% | -$5.7M+46.2% | -$10.6M |
| Interest Expense | $208K-47.1% | $393K-33.4% | $590K-16.8% | $709K-26.2% | $961K+68.9% | $569K+1.8% | $559K-21.4% | $711K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$12.7M-46.4% | -$8.6M+19.0% | -$10.7M-51.8% | -$7.0M-15.9% | -$6.1M+47.3% | -$11.5M-118.7% | -$5.3M+47.6% | -$10.0M |
| EPS (Diluted) | N/A | $-0.05+16.7% | $-0.06-50.0% | $-0.04 | N/A | $-0.07-133.3% | $-0.03+50.0% | $-0.06 |
BARK Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $170.0M-9.9% | $188.7M-23.9% | $248.0M-4.6% | $260.0M-0.3% | $260.6M-10.8% | $292.2M-3.1% | $301.6M+4.8% | $287.7M |
| Current Assets | $121.7M-11.7% | $137.9M-28.9% | $193.9M-3.8% | $201.7M0.0% | $201.6M-12.1% | $229.4M-1.0% | $231.6M+9.2% | $212.2M |
| Cash & Equivalents | $19.3M-11.1% | $21.7M-65.8% | $63.4M-25.1% | $84.7M-10.0% | $94.0M-18.4% | $115.3M0.0% | $115.2M-2.2% | $117.8M |
| Inventory | $75.5M-17.3% | $91.4M-9.6% | $101.0M+2.9% | $98.1M+11.3% | $88.1M-2.5% | $90.4M+2.2% | $88.4M+10.0% | $80.4M |
| Accounts Receivable | $12.3M+1.6% | $12.1M-28.3% | $16.9M+128.1% | $7.4M-21.5% | $9.5M-17.2% | $11.4M-32.5% | $16.9M+139.5% | $7.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $98.0M-8.8% | $107.4M-33.5% | $161.5M-2.7% | $166.0M+3.0% | $161.1M-10.1% | $179.2M+0.6% | $178.0M+11.5% | $159.7M |
| Current Liabilities | $65.4M-12.1% | $74.4M-41.6% | $127.3M-2.4% | $130.5M+5.2% | $124.0M-11.7% | $140.5M+46.6% | $95.9M+25.0% | $76.7M |
| Long-Term Debt | $0 | $0 | N/A | N/A | $0 | $0-100.0% | $40.1M+0.3% | $40.0M |
| Total Equity | $72.0M-11.4% | $81.2M-6.0% | $86.5M-8.0% | $94.0M-5.6% | $99.5M-12.0% | $113.0M-8.5% | $123.6M-3.5% | $128.1M |
| Retained Earnings | -$418.9M-3.1% | -$406.2M-2.2% | -$397.5M-2.7% | -$386.8M-1.9% | -$379.8M-1.6% | -$373.7M-3.2% | -$362.2M-1.5% | -$356.8M |
BARK Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M-179.1% | $1.7M+109.4% | -$18.1M-232.2% | -$5.4M+47.0% | -$10.3M-639.6% | -$1.4M-150.0% | $2.8M+54.8% | $1.8M |
| Capital Expenditures | $713K+398.6% | $143K-92.3% | $1.9M+161.6% | $708K-59.1% | $1.7M+199.7% | $577K-68.1% | $1.8M-11.5% | $2.0M |
| Free Cash Flow | -$2.1M-232.0% | $1.6M+107.8% | -$19.9M-224.1% | -$6.1M+48.7% | -$12.0M-510.3% | -$2.0M-303.3% | $966K+484.9% | -$251K |
| Investing Cash Flow | -$713K-398.6% | -$143K+92.3% | -$1.9M-161.6% | -$708K+59.1% | -$1.7M-199.7% | -$577K+68.1% | -$1.8M+11.5% | -$2.0M |
| Financing Cash Flow | $53K+100.1% | -$43.0M-6682.2% | -$634K+70.2% | -$2.1M+79.6% | -$10.4M-253.7% | -$3.0M-35.2% | -$2.2M+49.3% | -$4.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $1.8M-83.1% | $10.5M+269.2% | $2.8M+216.1% | $898K-79.0% | $4.3M |
BARK Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.7%+0.2pp | 62.5%+4.6pp | 57.9%-4.4pp | 62.3%-1.3pp | 63.6%+0.9pp | 62.7%+2.3pp | 60.4%-2.7pp | 63.0% |
| Operating Margin | -14.1%-4.9pp | -9.1%+0.8pp | -10.0%-1.8pp | -8.1%-2.4pp | -5.7%+4.0pp | -9.7%-5.2pp | -4.5%+4.6pp | -9.1% |
| Net Margin | -14.6%-5.8pp | -8.8%+1.2pp | -10.0%-3.1pp | -6.8%-1.6pp | -5.3%+3.8pp | -9.1%-4.9pp | -4.2%+4.5pp | -8.6% |
| Return on Equity | -17.6%-6.9pp | -10.6%+1.7pp | -12.3%-4.9pp | -7.5%-1.4pp | -6.1%+4.1pp | -10.2%-5.9pp | -4.3%+3.6pp | -7.8% |
| Return on Assets | -7.4%-2.9pp | -4.6%-0.3pp | -4.3%-1.6pp | -2.7%-0.4pp | -2.3%+1.6pp | -3.9%-2.2pp | -1.8%+1.7pp | -3.5% |
| Current Ratio | 1.860.0 | 1.85+0.3 | 1.52-0.0 | 1.55-0.1 | 1.630.0 | 1.63-0.8 | 2.42-0.4 | 2.77 |
| Debt-to-Equity | 0.000.0 | 0.00-1.9 | 1.87+0.1 | 1.77+1.8 | 0.000.0 | 0.00-0.3 | 0.32+0.0 | 0.31 |
| FCF Margin | -2.4%-4.0pp | 1.6%+20.2pp | -18.6%-12.7pp | -6.0%+4.4pp | -10.4%-8.8pp | -1.6%-2.3pp | 0.8%+1.0pp | -0.2% |
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Frequently Asked Questions
What is Bark Inc's annual revenue?
Bark Inc (BARK) reported $394.8M in total revenue for fiscal year 2026. This represents a -18.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bark Inc's revenue growing?
Bark Inc (BARK) revenue declined by 18.5% year-over-year, from $484.2M to $394.8M in fiscal year 2026.
Is Bark Inc profitable?
No, Bark Inc (BARK) reported a net income of -$39.0M in fiscal year 2026, with a net profit margin of -9.9%.
What is Bark Inc's EBITDA?
Bark Inc (BARK) had EBITDA of -$31.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bark Inc have?
As of fiscal year 2026, Bark Inc (BARK) had $19.3M in cash and equivalents against $0 in long-term debt.
What is Bark Inc's gross margin?
Bark Inc (BARK) had a gross margin of 61.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bark Inc's operating margin?
Bark Inc (BARK) had an operating margin of -10.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Bark Inc's net profit margin?
Bark Inc (BARK) had a net profit margin of -9.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Bark Inc's return on equity (ROE)?
Bark Inc (BARK) has a return on equity of -54.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Bark Inc's free cash flow?
Bark Inc (BARK) generated -$26.6M in free cash flow during fiscal year 2026. This represents a -100.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bark Inc's operating cash flow?
Bark Inc (BARK) generated -$23.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Bark Inc's total assets?
Bark Inc (BARK) had $170.0M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Bark Inc's capital expenditures?
Bark Inc (BARK) invested $3.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Bark Inc's current ratio?
Bark Inc (BARK) had a current ratio of 1.86 as of fiscal year 2026, which is generally considered healthy.
What is Bark Inc's debt-to-equity ratio?
Bark Inc (BARK) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bark Inc's return on assets (ROA)?
Bark Inc (BARK) had a return on assets of -22.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Bark Inc's cash runway?
Based on fiscal year 2026 data, Bark Inc (BARK) had $19.3M in cash against an annual operating cash burn of $23.2M. This gives an estimated cash runway of approximately 10 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Bark Inc's Altman Z-Score?
Bark Inc (BARK) has an Altman Z-Score of -1.00, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bark Inc's Piotroski F-Score?
Bark Inc (BARK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bark Inc's earnings high quality?
Bark Inc (BARK) has an earnings quality ratio of 0.59x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bark Inc cover its interest payments?
Bark Inc (BARK) has an interest coverage ratio of -21.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bark Inc?
Bark Inc (BARK) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.