BARK, Inc. announced its financial results for the fiscal first quarter ended June 30, 2025, reporting total revenue of $102.9 million. This represents an 11.5% decrease year-over-year from $116.2 million in the prior year quarter. Despite the revenue decline, the company exceeded its own guidance for the quarter.
The company achieved positive Adjusted EBITDA of $0.1 million, a significant improvement from a $(1.8) million loss in Q1 FY2025, demonstrating continued operational discipline. The Direct to Consumer gross margin reached a record 69.3%, up from 65.1% year-over-year, driven by a shift towards higher-value Super Chewer customers. This indicates improved profitability within its core subscription business.
BARK's diversification strategy showed strong results, with the Commerce segment revenue surging by 49.5% year-over-year to $13.7 million. BARK Air, the company's innovative travel service, generated $2.3 million in revenue, a substantial increase from $0.6 million in the prior year. These segments are key drivers of future growth.
The company reported a net loss of $(7.0) million, an improvement from $(10.0) million in Q1 FY2025. Cash and cash equivalents stood at $84.7 million as of June 30, 2025. BARK also repurchased $1.8 million of its shares, buying back 1.31 million shares during the quarter.
For the second quarter of fiscal 2026, BARK provided guidance expecting total revenues between $102 million and $105 million, and Adjusted EBITDA between negative $2.0 million and positive $2.0 million. The company did not provide full-year guidance due to ongoing uncertainty surrounding tariffs and their impact on demand and operating costs. Management remains focused on building from this early momentum in a volatile environment.
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