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BARK Reports Fiscal First Quarter 2027 Results

BARK
  • BARK, Inc. reported fiscal first quarter 2027 revenue of $78.8 million, a 23.4% year-over-year decrease, landing at the high end of its guidance range.
  • Direct to Consumer revenue fell 25.2% to $66.7 million, while Commerce revenue declined 11.4% to $12.1 million.
  • Subscriber retention improved by more than 170 basis points, and Average Order Value increased by $0.45 compared to the prior year.
  • BARK Air contributed $3.2 million to DTC revenue, representing a 37% year-over-year increase.
  • Gross margin reached 72.7% due to a one-time $7.4 million tariff refund benefit; normalized gross margin was 63.4%.
  • Net income was $0.75 million, a turnaround from a $7.0 million net loss in the prior year, largely driven by the tariff refunds.
  • Adjusted EBITDA was $0.6 million, up from $0.1 million in the prior year, within the guided range of $0.0 million to $1.0 million.
  • Advertising and marketing expenses decreased to $9.5 million from $15.2 million, while General and Administrative expenses fell to $47.8 million from $57.3 million.
  • Cash and cash equivalents ended the quarter at $16.1 million, with the company remaining debt-free.
  • The company continues to execute a $40 million share repurchase program to return capital to shareholders.
  • Fiscal second quarter 2027 revenue is expected to be between $83.0 million and $85.0 million, with Adjusted EBITDA guidance of $1.0 million to $3.0 million.
  • Full-year fiscal 2027 revenue guidance is reiterated at $325.0 million to $340.0 million, with Adjusted EBITDA guidance of $7.0 million to $10.0 million.
  • Commerce and BARK Air are projected to collectively generate over $100 million in revenue for the full year.
  • A conference call to discuss results is scheduled for August 6, 2026, at 4:30 p.m. ET.