Bark WTS (BARKW) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Feb 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BARKW SEC filings page.
Bark Inc WTS (BARKW) reported $423.7M in revenue over the twelve months to Dec 31, 2025, down 13.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
BARKW's near-flat sales now carry better margins, but continued losses, renewed cash outflow, and shrinking equity reveal a financially tighter operating model.
Between FY2023 and FY2025, revenue fell9.6% while gross profit fell only2.0% and gross margin expanded 4.8 percentage points; that pattern points to cost or mix improvement rather than growth-led leverage. The improvement did not translate consistently into cash: operating cash flow shifted from positive in FY2024 to negative in FY2025, while FY2025 free cash flow was-$13.2M , revealing weak earnings-to-cash conversion.
Long-term debt was eliminated by FY2025, yet liabilities reached
SG&A declined to
Financial Health Signals
We do not publish a peer-relative financial health score for Bark Inc WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Bark Inc WTS passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Bark Inc WTS reported a net loss of $32.9M while operations used $7.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Bark Inc WTS reported an operating loss of $35.1M against $2.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Bark Inc WTS generated $98.4M in revenue in Q3 2026. This represents a decrease of 22.1% from the same quarter a year earlier. Against the prior quarter it is down 8.0%.
Bark Inc WTS reported a net loss of $8.6M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Bark Inc WTS earned -$0.05 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Cash & Balance Sheet
Bark Inc WTS generated $1.6M in free cash flow in Q3 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Bark Inc WTS held $21.7M in cash against $0 in long-term debt as of Q3 2026, with $74.4M of liabilities due within a year.
Not reported for Q3 2026.
Margins & Returns
Bark Inc WTS's gross margin was 62.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.
Bark Inc WTS's operating margin was -9.1% in Q3 2026, reflecting core business profitability. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Bark Inc WTS's net profit margin was -8.8% in Q3 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.
Bark Inc WTS's quarterly ROE was -10.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Capital Allocation
Bark Inc WTS repurchased no shares in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Bark Inc WTS invested $143K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 75.2% from the same quarter a year earlier. Against the prior quarter it is down 92.3%.
Not reported for Q3 2026.
BARKW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.4M-22.1% | $107.0M-15.2% | $102.9M-11.5% | $115.4M-5.0% | $126.4M+1.1% | $126.1M+2.5% | $116.2M-3.6% | $121.5M-3.6% |
| Cost of Revenue | $36.9M-21.8% | $45.0M-10.0% | $38.8M-9.7% | $42.1M-7.1% | $47.2M-1.3% | $50.0M+5.5% | $42.9M-9.7% | $45.3M-16.6% |
| Gross Profit | $61.6M-22.3% | $62.0M-18.6% | $64.1M-12.5% | $73.3M-3.8% | $79.3M+2.6% | $76.1M+0.6% | $73.3M+0.3% | $76.2M+6.2% |
| SG&A Expenses | $54.5M-15.1% | $57.2M-9.4% | $57.3M-9.7% | $62.7M-2.0% | $64.1M-3.0% | $63.1M-8.4% | $63.4M-8.6% | $63.9M-7.6% |
| Operating Income | -$9.0Mn/m | -$10.7Mn/m | -$8.4Mn/m | -$6.6Mn/m | -$12.2Mn/m | -$5.7Mn/m | -$10.6Mn/m | -$6.4Mn/m |
| EBITDA | N/A | N/A | -$5.8Mn/m | N/A | N/A | N/A | -$7.7Mn/m | N/A |
| Interest Expense | $393K-30.9% | $590K+5.5% | $709K-0.3% | $961K-66.2% | $569K-36.9% | $559K-59.1% | $711Kn/m | $2.8M+109.7% |
| Income Tax | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Net Income | -$8.6Mn/m | -$10.7Mn/m | -$7.0Mn/m | -$6.1Mn/m | -$11.5Mn/m | -$5.3Mn/m | -$10.0Mn/m | -$4.9Mn/m |
| EPS (Basic) | -$0.05n/m | -$0.06n/m | -$0.04n/m | N/A | -$0.07n/m | -$0.03n/m | -$0.06n/m | N/A |
| EPS (Diluted) | -$0.05n/m | -$0.06n/m | -$0.04n/m | N/A | -$0.07n/m | -$0.03n/m | -$0.06n/m | N/A |
| Diluted Shares (Avg) | 172M-1.8% | 171M-2.5% | 169M-3.6% | N/A | 176M0.0% | 175M-1.1% | 176M-1.2% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
BARKW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $188.7M-35.4% | $248.0M-17.8% | $260.0M-9.7% | $260.6M-12.7% | $292.2M-8.9% | $301.6M-18.3% | $287.7M-23.0% | $298.6M-25.4% |
| Current Assets | $137.9M-39.9% | $193.9M-16.3% | $201.7M-5.0% | $201.6M-9.1% | $229.4M-4.7% | $231.6M-19.2% | $212.2M-26.0% | $221.7M-29.0% |
| Cash & Equivalents | $21.7M-81.2% | $63.4M-45.0% | $84.7M-28.1% | $94.0M-25.1% | $115.3M-12.2% | $115.2M-28.2% | $117.8M-28.1% | $125.5M-29.5% |
| Inventory | $91.4M+1.1% | $101.0M+14.2% | $98.1M+22.0% | $88.1M+4.7% | $90.4M-8.2% | $88.4M-19.2% | $80.4M-28.5% | $84.2M-32.3% |
| Accounts Receivable | $12.1M+6.2% | $16.9M+0.1% | $7.4M+5.1% | $9.5M+22.8% | $11.4M+76.8% | $16.9M+36.4% | $7.1M+6.9% | $7.7M+16.7% |
| Total Liabilities | $107.4M-40.0% | $161.5M-9.3% | $166.0M+3.9% | $161.1M+1.2% | $179.2M+1.6% | $178.0M-18.4% | $159.7M-24.7% | $159.2M-30.7% |
| Current Liabilities | $74.4M-47.1% | $127.3M+32.8% | $130.5M+70.1% | $124.0M+64.3% | $140.5M+54.5% | $95.9M+11.5% | $76.7M-4.8% | $75.5M-24.2% |
| Non-Current Liabilities | $33.1M-14.4% | $34.2M-58.3% | $35.5M-57.2% | $37.1M-55.7% | $38.6M-54.7% | $82.1M-37.8% | $83.0M-36.8% | $83.7M-35.7% |
| Long-Term Debt | $0n/m | N/A | N/A | $0-100.0% | $0-100.0% | $40.1M-50.8% | $40.0M-50.8% | $39.9M-50.8% |
| Total Equity | $81.2M-28.1% | $86.5M-30.0% | $94.0M-26.6% | $99.5M-28.6% | $113.0M-21.7% | $123.6M-18.1% | $128.1M-20.9% | $139.4M-18.3% |
| Retained Earnings | -$406.2Mn/m | -$397.5Mn/m | -$386.8Mn/m | -$379.8Mn/m | -$373.7Mn/m | -$362.2Mn/m | -$356.8Mn/m | -$346.8Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
BARKW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.7Mn/m | -$18.1M-751.6% | -$5.4M-403.6% | -$10.3Mn/m | -$1.4M-109.2% | $2.8M-1.8% | $1.8Mn/m | -$1.0M-105.5% |
| Depreciation & Amortization | N/A | N/A | $2.5M-12.5% | N/A | N/A | N/A | $2.9M+0.4% | N/A |
| Stock-Based Compensation | $3.6M-7.8% | $3.7M+25.7% | $3.6M+22.2% | N/A | $3.9M+7.7% | $3.0M-19.8% | $2.9M-8.8% | N/A |
| Capital Expenditures | $143K-75.2% | $1.9M+2.4% | $708K-65.3% | $1.7M-18.9% | $577K-67.3% | $1.8M-7.8% | $2.0M-31.3% | $2.1M-13.5% |
| Free Cash Flow | $1.6Mn/m | -$19.9M-2162.7% | -$6.1Mn/m | -$12.0Mn/m | -$2.0M-114.8% | $966K+11.8% | -$251Kn/m | -$3.2M-119.0% |
| Investing Cash Flow | -$143Kn/m | -$1.9Mn/m | -$708Kn/m | -$1.7Mn/m | -$577Kn/m | -$1.8Mn/m | -$2.0Mn/m | -$2.1Mn/m |
| Financing Cash Flow | -$43.0Mn/m | -$634Kn/m | -$2.1Mn/m | -$10.4Mn/m | -$3.0Mn/m | -$2.2Mn/m | -$4.3Mn/m | -$2.6Mn/m |
| Share Buybacks | $0-100.0% | $0-100.0% | $1.8M-58.7% | $10.5M+398.0% | $2.8Mn/m | $898K-78.2% | $4.3Mn/m | $2.1Mn/m |
Not reported in any period shown, so not listed: Dividends Paid.
BARKW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.5%-0.2pp | 57.9%-2.4pp | 62.3%-0.8pp | 63.6%+0.8pp | 62.7%+0.9pp | 60.4%-1.1pp | 63.0%+2.5pp | 62.7%+5.8pp |
| Operating Margin | -9.1%+0.5pp | -10.0%-5.4pp | -8.1%+1.0pp | -5.7%-0.4pp | -9.7%+1.5pp | -4.5%+4.5pp | -9.1%+2.5pp | -5.3%+4.8pp |
| Net Margin | -8.8%+0.3pp | -10.0%-5.8pp | -6.8%+1.8pp | -5.3%-1.2pp | -9.1%-1.0pp | -4.2%+4.2pp | -8.6%+1.0pp | -4.0%+7.2pp |
| Return on Equity | -10.6%-0.5pp | -12.3%-8.1pp | -7.5%+0.4pp | -6.1%-2.6pp | -10.2%-3.2pp | -4.3%+2.6pp | -7.8%-0.6pp | -3.5%+4.8pp |
| Return on Assets | -4.6%-0.6pp | -4.3%-2.5pp | -2.7%+0.8pp | -2.3%-0.7pp | -3.9%-0.8pp | -1.8%+1.0pp | -3.5%-0.4pp | -1.6%+1.9pp |
| Current Ratio | 1.85+0.2x | 1.52-0.9x | 1.55-1.2x | 1.63-1.3x | 1.63-1.0x | 2.42-0.9x | 2.77-0.8x | 2.94-0.2x |
| Debt-to-Equity | 0.000.0x | N/A | N/A | 0.00-0.3x | 0.00-0.3x | 0.32-0.2x | 0.31-0.2x | 0.29-0.2x |
| Liabilities-to-Equity | 1.32-0.3x | 1.87+0.4x | 1.77+0.5x | 1.62+0.5x | 1.58+0.4x | 1.440.0x | 1.25-0.1x | 1.14-0.2x |
| Asset Turnover | 0.52+0.1x | 0.430.0x | 0.400.0x | 0.440.0x | 0.430.0x | 0.42+0.1x | 0.40+0.1x | 0.41+0.1x |
| FCF Margin | 1.6%+3.1pp | -18.6%-19.4pp | -6.0%-5.8pp | -10.4%-7.8pp | -1.6%-12.2pp | 0.8%+0.1pp | -0.2%+11.2pp | -2.6%-15.9pp |
Where Bark Inc WTS Ranks
Frequently Asked Questions
Bark Inc WTS (BARKW) reported $484.2M in total revenue for fiscal year 2025. This represents a -1.2% 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.
Bark Inc WTS (BARKW) revenue declined by 1.2% year-over-year, from $490.2M to $484.2M in fiscal year 2025.
No, Bark Inc WTS (BARKW) reported a net loss of $32.4M over the trailing 12 months to December 31, 2025. In fiscal year 2025 it reported a net loss of $32.9M, with a net profit margin of -6.8%.
Bark Inc WTS (BARKW) had EBITDA of -$23.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Bark Inc WTS (BARKW) had $94.0M in cash and equivalents against $0 in long-term debt.
Bark Inc WTS (BARKW) had a gross margin of 62.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Bark Inc WTS (BARKW) had an operating margin of -7.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Bark Inc WTS (BARKW) had a net profit margin of -6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Bark Inc WTS (BARKW) has a return on equity of -33.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Bark Inc WTS (BARKW) recorded an outflow of $13.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Bark Inc WTS (BARKW) recorded an outflow of $7.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Bark Inc WTS (BARKW) had $260.6M in total assets as of fiscal year 2025, including both current and long-term assets.
Bark Inc WTS (BARKW) invested $6.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Bark Inc WTS (BARKW) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
Bark Inc WTS (BARKW) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Bark Inc WTS (BARKW) had a liabilities-to-equity ratio of 1.62 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Bark Inc WTS (BARKW) had a return on assets of -12.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Bark Inc WTS (BARKW) has a Piotroski F-Score of 5 out of 9, indicating neutral 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.
Bark Inc WTS (BARKW) reported a net loss of $32.9M while operations used $7.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Bark Inc WTS (BARKW) reported an operating loss of $35.1M against $2.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.