BARK Reports Fiscal First Quarter 2027 Results
Key Terms
adjusted ebitda financial
non-gaap financial measure financial
stock-based compensation financial
Fiscal First Quarter 2027 Highlights
-
Revenue was
, a decrease of$78.8 million 23.4% year-over-year; landing at the high end of the Company’s guidance range of to$77.0 million .$79.0 million -
Direct to Consumer (“DTC”) revenue was
, a decrease of$66.7 million 25.2% year-over-year; continuing the Company’s focus on prioritizing bottom-line durability over near-term growth, Subscriber Retention improved more than 170 basis points and Average Order Value increased by compared to the year prior; Included in DTC revenue was$0.45 of revenue from BARK Air, a$3.2 million 37% increase year-over-year. -
Commerce revenue was
, an$12.1 million 11.4% decrease year-over-year. Momentum remained strong across wholesale and marketplaces as BARK continued to expand with both new and existing retail partners. -
Gross profit was
, compared to$57.3 million in the prior year.$64.1 million -
Gross margin was
72.7% , compared to62.3% in the same period last year. The reported result includes a one-time benefit from the recognition of fiscal 2026 tariff refunds. Excluding this benefit, normalized consolidated gross margin was63.4% , in line with a record63.8% for the same period last year. The tariff refund benefit is excluded from Adjusted EBITDA. -
Advertising and marketing expenses were
, compared to$9.5 million in the prior year.$15.2 million -
General and administrative ("G&A") expenses were
, compared to$47.8 million in the prior year.$57.3 million -
Net Income was
, compared to a net loss of$0.75 million in the prior year. Net Income includes$(7.0) million of tariff refunds allocable to fiscal year 2026.$7.4 million -
Adjusted EBITDA was
, within the Company’s guidance range of$0.6 million to$0.0 million , and up from$1.0 million in the prior year.$0.1 million -
Net cash used in operating activities was
.$(3.5) million
Executive Commentary – Matt
“Our team delivered a strong start to fiscal 2027 as we continued to execute against the priorities outlined in June,” said Matt
“Subscriber retention improved, average order value increased and subscriber lifetime value reached its highest level since we became a public company. With some of our most exciting products and partnerships yet to come to market this fall, we are building a stronger, more diversified BARK across DTC, Commerce and BARK Air. We still have work to do, but these results reinforce confidence in our ability to accelerate growth and deliver a meaningful step-up in Adjusted EBITDA and cash flow this year.”
Balance Sheet Highlights
-
The Company’s cash and cash equivalents balance as of June 30, 2026 was
, compared to$16.1 million as of March 31, 2026. The decrease reflects a normal seasonal build in working capital and continued share repurchases. BARK also remains debt-free.$19.3 million -
The Company's inventory balance as of June 30, 2026 was
, a$72.4 million decrease compared to the prior year.$25.7 million
Share Repurchase Program
As previously announced, BARK continued to repurchase shares during the quarter under its
Fiscal Second Quarter and Full Year 2027 Financial Outlook
Based on current market conditions as of August 6, 2026, BARK is providing guidance for revenue and Adjusted EBITDA, which is a Non-GAAP financial measure, as follows.
For the second quarter of fiscal 2027, the Company expects:
-
Total revenue of
to$83.0 million , as compared to$85.0 million for the comparable period last year. The year-over-year decline primarily reflects the smaller DTC subscriber base entering fiscal 2027 following the deliberate pullback of marketing spend in fiscal 2026.$107.0 million -
Adjusted EBITDA of
to$1.0 million , compared to$3.0 million for the comparable period last year.$(1.4) million
For the full year of fiscal 2027, the Company is reiterating:
-
Total revenue of
to$325.0 million , compared to$340.0 million in fiscal 2026.$394.8 million -
Adjusted EBITDA of
to$7.0 million , compared to$10.0 million in fiscal 2026.$0.2 million -
Commerce and BARK Air are expected to collectively represent over
of revenue, with Commerce growing as a percentage of total revenue as the Company expands across wholesale and marketplace channels.$100 million
The Company does not provide guidance for Net Income (Loss) due to the uncertainty and potential variability of certain items, including stock-based compensation expenses and related tax effects, which are the reconciling items between Net Income (Loss) and Adjusted EBITDA. Because such items cannot be calculated or predicted without unreasonable efforts, we are unable to provide a reconciliation of Adjusted EBITDA to Net Income (Loss). However, such items could have a significant impact on Net Income (Loss).
The guidance provided above constitutes forward looking statements and actual results may differ materially. Please refer to the “Forward Looking Statements” section below for information on the factors that could cause our actual results to differ materially from these forward looking statements and “Non-GAAP Financial Measures” for additional important information regarding Adjusted EBITDA.
Conference Call Information
A conference call to discuss the Company's fiscal first quarter 2027 results will be held today, August 6, 2026, at 4:30 p.m. ET. During the conference call, the Company may make comments concerning business and financial developments, trends and other business or financial matters. The Company's comments, as well as other matters discussed during the conference call, may contain or constitute information that has not been previously disclosed.
The conference call can be accessed by dialing 1-888-596-4144 for
About BARK
BARK is the world’s most dog-centric company, devoted to making all dogs happy with the best products, services, and content. BARK’s dog-obsessed team leverages its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, and dog-first experiences that foster the health and happiness of dogs everywhere. Founded in 2011, BARK loyally serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy, and Amazon; and BARK Air, the first air travel experience designed specifically for dogs first. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at bark.co for more information.
Forward Looking Statements
This press release contains forward-looking statements relating to, among other things, the future performance of BARK that are based on the Company’s current expectations, forecasts and assumptions and involve risks and uncertainties. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” "anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. These statements include, but are not limited to, statements about future operating results, including our strategies, plans, commitments, objectives and goals. Actual results could differ materially from those predicted or implied and reported results should not be considered an indication of future performance. Other factors that could cause or contribute to such differences include, but are not limited to, risks relating to the uncertainty of the projected financial information with respect to BARK; spending on pets not increasing at projected rates; customers not increasing their spending with BARK; BARK’s ability to continue to convert social media followers and contacts into customers; BARK’s ability to successfully expand its product lines and services and channel distribution; competition and the uncertain effects of global or macroeconomic events or challenges, in particular the imposition of tariffs.
More information about factors that could affect BARK's operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company's annual report on Form 10-K, copies of which may be obtained by visiting the Company’s Investor Relations website at https://investors.bark.co/ or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. The Company assumes no obligation to update such statements.
Definitions of Key Performance Indicators
Total Orders
We define Total Orders as the total number of Direct to Consumer orders shipped in a given period. These include all orders across all of our product categories, regardless of whether they are purchased on a subscription, auto-ship, or one-off basis. Total Orders excludes orders from BARK Air. We use Total Orders as an indicator of customer interest and demand.
Average Order Value
Average Order Value (“AOV”) is Direct to Consumer revenue for the period divided by Total Orders for the same period. AOV excludes Direct to Consumer revenue from BARK Air. We use AOV to provide insight into customer spending patterns.
Subscriber Retention
We define Subscriber Retention as the number of active subscriptions during a particular month divided by the number of active subscriptions for the prior month. An active subscription excludes new subscriptions, i.e. subscriptions with an initial shipment in a particular month. To calculate the Subscriber Retention for any quarterly period, we average the monthly rates, weighted by each month's beginning subscription base. Subscriber Retention excludes BARK Air. We use Subscriber Retention to assess the durability of our subscription base.
Key Performance Indicators
|
Three Months Ended
|
||||||
|
|||||||
|
|
2026 |
|
|
|
2025 |
|
Total Orders (in thousands) |
|
2,031 |
|
|
|
2,819 |
|
Average Order Value |
$ |
31.25 |
|
|
$ |
30.80 |
|
Direct to Consumer Gross Profit (in thousands)(1) |
$ |
50,400 |
|
|
$ |
60,183 |
|
Direct to Consumer Gross Margin (1) |
|
79.4 |
% |
|
|
69.3 |
% |
Subscriber Retention |
|
92.8 |
% |
|
|
91.1 |
% |
| (1) |
Direct to Consumer Gross Profit and Direct to Consumer Gross Margin does not include the revenue or cost of goods sold from BARK Air. Direct to Consumer gross margin includes a |
|
BARK, Inc.
|
|||||||
|
Three Months Ended |
||||||
|
June 30, |
|
June 30, |
||||
|
|
2026 |
|
|
|
2025 |
|
REVENUE |
$ |
78,815 |
|
|
$ |
102,861 |
|
COST OF REVENUE |
|
21,482 |
|
|
|
38,784 |
|
Gross profit |
|
57,333 |
|
|
|
64,077 |
|
OPERATING EXPENSES: |
|
|
|
||||
General and administrative |
|
47,770 |
|
|
|
57,252 |
|
Advertising and marketing |
|
9,497 |
|
|
|
15,178 |
|
Total operating expenses |
|
57,267 |
|
|
|
72,430 |
|
INCOME (LOSS) FROM OPERATIONS |
|
66 |
|
|
|
(8,353 |
) |
INTEREST INCOME |
|
263 |
|
|
|
809 |
|
INTEREST EXPENSE |
|
(2 |
) |
|
|
(709 |
) |
OTHER INCOME (EXPENSE)—NET |
|
418 |
|
|
|
1,223 |
|
NET INCOME (LOSS) BEFORE INCOME TAXES |
|
745 |
|
|
|
(7,030 |
) |
PROVISION FOR INCOME TAXES |
|
— |
|
|
|
— |
|
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) |
$ |
745 |
|
|
$ |
(7,030 |
) |
|
|
|
|
||||
Net income (loss) per common share attributable to common stockholders—basic and diluted |
$ |
0.08 |
|
|
$ |
(0.83 |
) |
Weighted average common shares used to compute net income (loss) per share attributable to common stockholders—basic and diluted |
|
8,784,395 |
|
|
|
8,460,447 |
|
DISAGGREGATED REVENUE
|
|||||
|
Three Months
|
||||
|
June 30, |
||||
|
2026 |
|
2025 |
||
Revenue |
|
|
|
||
Direct to Consumer: |
|
|
|
||
Toys & Accessories(1) |
$ |
39,121 |
|
$ |
51,800 |
Consumables(1) |
|
24,365 |
|
|
35,030 |
Other(2) |
|
3,206 |
|
|
2,346 |
Total Direct to Consumer |
$ |
66,692 |
|
$ |
89,176 |
Commerce |
|
12,123 |
|
|
13,685 |
Revenue |
$ |
78,815 |
|
$ |
102,861 |
| (1) | The allocation between Toys & Accessories and Consumables includes estimates and was determined utilizing data on stand-alone selling prices that the Company charges for similar offerings, and also reflects historical pricing practices. |
|
| (2) | Other Direct to Consumer revenue is derived from BARK Air. |
|
GROSS PROFIT BY SEGMENT
|
|||||
|
Three Months Ended
|
||||
|
2026 |
|
2025 |
||
Direct to Consumer(1): |
|
|
|
||
Revenue |
$ |
66,692 |
|
$ |
89,176 |
Cost of revenue |
|
16,532 |
|
|
29,431 |
Gross profit |
|
50,160 |
|
|
59,745 |
Commerce: |
|
|
|
||
Revenue |
|
12,123 |
|
|
13,685 |
Cost of revenue |
|
4,950 |
|
|
9,353 |
Gross profit |
|
7,173 |
|
|
4,332 |
Consolidated: |
|
|
|
||
Revenue |
|
78,815 |
|
|
102,861 |
Cost of revenue |
|
21,482 |
|
|
38,784 |
Gross profit |
$ |
57,333 |
|
$ |
64,077 |
(1) |
Direct to Consumer includes revenue from BARK Air |
|
BARK, INC.
|
|||||||
|
June 30, |
|
March 31, |
||||
ASSETS |
|
2026 |
|
|
|
2026 |
|
|
|
|
|
||||
CURRENT ASSETS: |
|
|
|
||||
Cash and cash equivalents |
$ |
16,090 |
|
|
$ |
19,282 |
|
Accounts receivable—net |
|
20,376 |
|
|
|
12,318 |
|
Prepaid expenses and other current assets |
|
14,423 |
|
|
|
14,599 |
|
Inventory |
|
72,445 |
|
|
|
75,545 |
|
Total current assets |
|
123,334 |
|
|
|
121,744 |
|
PROPERTY AND EQUIPMENT—NET |
|
15,602 |
|
|
|
17,183 |
|
INTANGIBLE ASSETS—NET |
|
1,444 |
|
|
|
1,569 |
|
OPERATING LEASE RIGHT-OF-USE ASSETS |
|
23,631 |
|
|
|
24,799 |
|
OTHER NONCURRENT ASSETS |
|
4,576 |
|
|
|
4,695 |
|
TOTAL ASSETS |
$ |
168,587 |
|
|
$ |
169,990 |
|
LIABILITIES, AND STOCKHOLDERS’ EQUITY |
|
|
|
||||
CURRENT LIABILITIES: |
|
|
|
||||
Accounts payable |
$ |
17,454 |
|
|
$ |
17,130 |
|
Operating lease liabilities, current |
|
4,878 |
|
|
|
5,211 |
|
Accrued and other current liabilities |
|
17,924 |
|
|
|
20,834 |
|
Deferred revenue |
|
20,657 |
|
|
|
22,223 |
|
Current portion of long-term debt |
|
— |
|
|
|
— |
|
Total current liabilities |
|
60,913 |
|
|
|
65,398 |
|
OPERATING LEASE LIABILITIES |
|
31,355 |
|
|
|
32,466 |
|
OTHER LONG-TERM LIABILITIES |
|
87 |
|
|
|
108 |
|
Total liabilities |
|
92,355 |
|
|
|
97,972 |
|
COMMITMENTS AND CONTINGENCIES (Note 8) |
|
|
|
||||
STOCKHOLDERS’ EQUITY: |
|
|
|
||||
Common stock, par value |
|
1 |
|
|
|
1 |
|
Treasury stock, at cost, 888,074 and 865,161 shares, respectively |
|
(26,733 |
) |
|
|
(26,500 |
) |
Additional paid-in capital |
|
521,157 |
|
|
|
517,372 |
|
Accumulated deficit |
|
(418,193 |
) |
|
|
(418,855 |
) |
Total stockholders’ equity |
|
76,232 |
|
|
|
72,018 |
|
TOTAL LIABILITIES, AND STOCKHOLDERS’ EQUITY |
$ |
168,587 |
|
|
$ |
169,990 |
|
BARK, INC.
|
|||||||
|
Three Months Ended |
||||||
|
June 30, |
|
June 30, |
||||
|
|
2026 |
|
|
|
2025 |
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
||||
Net income (loss) |
$ |
745 |
|
|
$ |
(7,030 |
) |
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities: |
|
|
|
||||
Depreciation & amortization |
|
1,814 |
|
|
|
2,520 |
|
Non-cash lease expense |
|
1,168 |
|
|
|
1,027 |
|
Amortization of deferred financing fees and debt discount |
|
— |
|
|
|
114 |
|
Bad debt expense |
|
35 |
|
|
|
— |
|
Stock-based compensation expense |
|
2,796 |
|
|
|
3,594 |
|
Provision for inventory obsolescence |
|
(833 |
) |
|
|
285 |
|
Change in fair value of warrant liabilities and derivatives |
|
— |
|
|
|
(782 |
) |
Changes in operating assets and liabilities: |
|
|
|
||||
Accounts receivable |
|
(8,092 |
) |
|
|
2,033 |
|
Inventory |
|
3,934 |
|
|
|
(10,283 |
) |
Prepaid expenses and other current assets |
|
389 |
|
|
|
(417 |
) |
Other noncurrent assets |
|
124 |
|
|
|
(356 |
) |
Accounts payable and accrued expenses |
|
(3,478 |
) |
|
|
5,837 |
|
Deferred revenue |
|
(1,570 |
) |
|
|
(356 |
) |
Operating lease liabilities |
|
(1,444 |
) |
|
|
(1,403 |
) |
Other liabilities |
|
870 |
|
|
|
(223 |
) |
Net cash used in operating activities |
|
(3,542 |
) |
|
|
(5,440 |
) |
|
|
|
|
||||
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
||||
Capital expenditures |
|
(111 |
) |
|
|
(708 |
) |
Net cash used in investing activities |
|
(111 |
) |
|
|
(708 |
) |
|
|
|
|
||||
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
||||
Payment of finance lease obligations |
|
— |
|
|
|
(59 |
) |
Proceeds from the exercise of stock options |
|
— |
|
|
|
20 |
|
Proceeds from issuance of common stock under ESPP |
|
80 |
|
|
|
197 |
|
Tax payments related to the issuance of common stock |
|
(1,091 |
) |
|
|
(497 |
) |
Proceeds from issuance of common stock |
|
2,000 |
|
|
|
— |
|
Excise tax from stock repurchases |
|
— |
|
|
|
(21 |
) |
Payments to repurchase common stock |
|
(233 |
) |
|
|
(1,770 |
) |
Net cash provided by (used in) financing activities |
|
756 |
|
|
|
(2,130 |
) |
|
|
|
|
||||
Effect of exchange rate changes on cash |
|
(83 |
) |
|
|
(50 |
) |
|
|
|
|
||||
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
|
(2,980 |
) |
|
|
(8,328 |
) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD |
|
25,166 |
|
|
|
97,531 |
|
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD |
$ |
22,186 |
|
|
$ |
89,203 |
|
|
|
|
|
||||
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: |
|
|
|
||||
Cash and cash equivalents |
|
16,090 |
|
|
|
84,665 |
|
Restricted cash - prepaid expenses and other current assets, other noncurrent assets |
|
6,096 |
|
|
|
4,538 |
|
Total cash, cash equivalents and restricted cash |
$ |
22,186 |
|
|
$ |
89,203 |
|
|
|
|
|
||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
|
||||
Purchases of property and equipment included in accounts payable and accrued liabilities |
$ |
— |
|
|
$ |
1,749 |
|
Cash paid for interest |
$ |
2 |
|
|
$ |
5 |
|
Non-GAAP Financial Measures
We report our financial results in accordance with
We calculate Adjusted Net Loss as net loss, adjusted to exclude: (1) stock-based compensation expense, (2) change in fair value of warrants and derivatives, (3) sales and use tax income, (4) restructuring charges related to reduction in force payments, (5) litigation expenses (consisting of legal and related fees for a specific proceeding that is outside of our ordinary course of business), (6) warehouse restructuring costs, (7) non-cash impairment of previously capitalized software and cloud computing implementation costs, (8) technology modernization costs, (9) IEEPA Phase II Tariff refunds related to prior year cost of revenue and (10) other items (as defined below).
We calculate Adjusted Net Loss Margin by dividing Adjusted Net Loss for the period by Revenue for the period.
We calculate Adjusted Net Loss Per Common Share by dividing Adjusted Net Loss for the period by weighted average common shares used to compute net loss per share attributable to common stockholders for the period.
We calculate Adjusted EBITDA as net loss, adjusted to exclude: (1) interest income, (2) interest expense, (3) depreciation and amortization, (4) stock-based compensation expense, (5) change in fair value of warrants and derivatives, (6) capitalized cloud computing amortization, (7) sales and use tax income, (8) restructuring charges related to reduction in force payments, (9) litigation expenses (consisting of legal and related fees for a specific proceeding that is outside of our ordinary course of business), (10) warehouse restructuring costs, (11) non-cash impairment of previously capitalized software and cloud computing implementation costs, (12) technology modernization costs, (13) IEEPA tariff refunds related to prior year cost of revenues and (14) other items (as defined below).
We calculate Adjusted EBITDA Margin by dividing Adjusted EBITDA for the period by revenue for the period.
We calculate Free Cash Flow as net cash (used in) provided by operating activities less capital expenditures.
The Non-GAAP Measures are financial measures that are not required by, or presented in accordance with
The Non-GAAP Measures are presented for supplemental informational purposes only, have limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with
Adjusted Net Loss
The following table presents a reconciliation of Adjusted EBITDA to net loss, the most directly comparable financial measure stated in accordance with
|
Three Months Ended
|
||||||
|
|
2026 |
|
|
|
2025 |
|
|
(in thousands, except per share data) |
||||||
Net income (loss) |
$ |
745 |
|
|
$ |
(7,030 |
) |
Stock compensation expense |
|
2,796 |
|
|
|
3,594 |
|
Change in fair value of warrants and derivatives |
|
— |
|
|
|
(782 |
) |
Sales and use tax income (1) |
|
— |
|
|
|
(240 |
) |
Restructuring |
|
— |
|
|
|
423 |
|
Litigation expenses (2) |
|
1,322 |
|
|
|
176 |
|
Warehouse restructuring costs |
|
533 |
|
|
|
726 |
|
Technology modernization (3) |
|
— |
|
|
|
323 |
|
IEEPA Tariffs Phase II |
|
(7,363 |
) |
|
|
— |
|
Other items (4) |
|
224 |
|
|
|
57 |
|
Adjusted net loss |
$ |
(1,743 |
) |
|
$ |
(2,753 |
) |
Net income (loss) margin |
|
0.95 |
% |
|
|
(6.83 |
)% |
Adjusted net loss margin |
|
(2.21 |
)% |
|
|
(2.68 |
)% |
|
|
|
|
||||
Adjusted net loss per common share - basic and diluted |
$ |
(0.20 |
) |
|
$ |
(0.33 |
) |
Weighted average common shares used to compute adjusted net loss per share attributable to common stockholders - basic and diluted |
|
8,784,395 |
|
|
|
8,460,447 |
|
Adjusted EBITDA
|
Three Months Ended
|
||||||
|
|
2026 |
|
|
|
2025 |
|
|
(in thousands) |
||||||
Net income (loss) |
$ |
745 |
|
|
$ |
(7,030 |
) |
Interest income |
|
(263 |
) |
|
|
(809 |
) |
Interest expense |
|
2 |
|
|
|
709 |
|
Depreciation and amortization expense |
|
1,814 |
|
|
|
2,520 |
|
Stock compensation expense |
|
2,796 |
|
|
|
3,594 |
|
Change in fair value of warrants and derivatives |
|
— |
|
|
|
(782 |
) |
Cloud computing amortization |
|
802 |
|
|
|
421 |
|
Sales and use tax income (1) |
|
— |
|
|
|
(240 |
) |
Restructuring |
|
— |
|
|
|
423 |
|
Litigation expenses (2) |
|
1,322 |
|
|
|
176 |
|
Warehouse restructuring costs |
|
533 |
|
|
|
726 |
|
Technology modernization (3) |
|
— |
|
|
|
323 |
|
IEEPA Tariffs Phase II |
|
(7,363 |
) |
|
|
— |
|
Other items (4) |
|
224 |
|
|
|
57 |
|
Adjusted EBITDA |
$ |
612 |
|
|
$ |
88 |
|
Net income (loss) margin |
|
0.95 |
% |
|
|
(6.83 |
)% |
Adjusted EBITDA margin |
|
0.78 |
% |
|
|
0.09 |
% |
| (1) |
Sales and use tax (income) expense relates to recording a liability for sales and use tax we did not collect from our customers. Historically, we had collected state or local sales, use, or other similar taxes in certain jurisdictions in which we only had physical presence. On June 21, 2018, the |
|
| (2) | Litigation expenses related to a shareholder class action complaint, see Item 1. Legal Proceedings. |
|
|
||
| (3) | Includes consulting fees related to technology transformation activities, and payroll costs for employees that dedicate significant time to this project. We believe that these costs are discrete and non-recurring in nature, as they mainly relate to a one-time unification of our product offerings on our new commerce platform. As such, they are not normal, recurring operating expenses and are not reflective of ongoing trends in the cost of doing business. |
|
|
||
| (4) |
For the three months ended June 30, 2026, other items is comprised of executive transition costs including recruiting costs of |
|
The following table presents a reconciliation of Free Cash Flow to Net cash used in operating activities, the most directly comparable financial measure prepared in accordance with
Free Cash Flow
|
Three Months Ended
|
||||||
|
|
2026 |
|
|
|
2025 |
|
Free cash flow reconciliation: |
|
|
|
||||
Net cash used in operating activities |
$ |
(3,542 |
) |
|
$ |
(5,440 |
) |
Capital expenditures |
|
(111 |
) |
|
|
(708 |
) |
Free cash flow |
$ |
(3,653 |
) |
|
$ |
(6,148 |
) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260806908296/en/
Investors:
investors@barkbox.com
Media:
press@barkbox.com
Scott Bisang / Ed Hammond / Quinn Conway
Collected Strategies
BARK-CS@collectedstrategies.com
Source: BARK, Inc.