The call presented multiple operational and financial improvements — margin expansion, positive free cash flow, debt elimination, diversification (Air & Commerce growth), and meaningful cost reductions — while acknowledging near-term top-line pressure due to a deliberate pullback in marketing, a shrinking subscriber base, and continued macro/tariff uncertainty. Profitability metrics are improving but adjusted EBITDA remains modestly negative and revenue missed guidance. Overall, the company emphasized disciplined, profit-focused execution and positioning for resiliency.

Company Guidance

Management’s guidance emphasized prioritizing profitability and cash conversion: adjusted EBITDA of negative $1.6M was within guidance and in line with last year, and the company generated $1.6M of positive free cash flow in Q3. They expect inventory to continue declining from $91M (≈$10M sequential reduction) into Q4 to further support cash conversion, will maintain disciplined marketing ($16.1M in Q3, down ~$11.3M YoY, ~40% reduction) and higher‑quality customer acquisition (total CAC down ~7% YoY last quarter, AOV $31.41), and plan to realize additional efficiencies after repaying a $45M convertible note (now debt‑free) with about $22M of cash on hand. Q3 revenue was $98.4M (Air + Commerce ≈23% of sales; Commerce $18.8M, Air $3.4M, Air +71% YoY) with consolidated gross margin 62.5% (D2C incl. Air 66.4%, Commerce ~46.3%), and management said subscriber counts will likely continue to contract as they balance growth and profitability to exit fiscal 2026 in a stronger, more cash‑generative position.

Positive Free Cash Flow

Generated $1.6M of positive free cash flow in the quarter, driven in part by inventory normalization after a first-half buildup tied to tariff reductions.

Debt-Free Balance Sheet

Repaid $45M convertible note in November and exited the quarter debt-free with approximately $22M in cash on hand, improving financial flexibility.

Strong Consolidated and Segment Gross Margins

Consolidated gross margin was 62.5%; D2C (including Air) gross margin was 66.4% (approximately +10 bps YoY) and Commerce gross margin improved to ~46.3–46.4% (+240 bps YoY), reflecting tariff mitigation and pricing/packaging actions.

Diversification Momentum — Air & Commerce Growth

Air and Commerce combined represented ~23% of total revenue, up from 18% a year ago (+5 percentage points). Commerce revenue was $18.8M and BARK Air revenue grew to $3.4M, up 71% year-over-year.

Material Reduction in Marketing Spend and Improved CAC

Marketing spend fell roughly $11.3M (~40% YoY) to $16.1M, and total customer acquisition cost (CAC) was down 7% versus prior year last quarter — the most efficient quarter in nearly three years.

Higher Quality Customer Metrics

Average order value rose to $31.41 (strongest in nearly two years) as customers increasingly chose higher-priced options (Double Deluxe, extra toys, Add-to-Box), and retention remained stable, indicating higher-quality customer acquisition.

Operating Cost and Efficiency Improvements

Shipping & fulfillment expense declined by nearly $8M YoY to $29.1M; G&A decreased by $2.1M YoY. Office downsizing is expected to generate >$2M in annualized savings. Last-mile delivery transitioned to Amazon to reduce costs and improve speed.

Inventory Reduction

Inventory declined to $91M, roughly $10M down from the prior quarter, supporting improved cash conversion and enabling continued optimization in the near to midterm.

BARK Inc Class A (BARK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BARK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 03, 2026	2026 (Q4)	-0.02 / -	0.01	―	―	―
Feb 05, 2026	2026 (Q3)	-0.04 / -0.03	-0.02	-50.00% (>-0.01)	―
Nov 10, 2025	2026 (Q2)	-0.02 / -0.03	0.01	-400.00% (-0.04)	―
Aug 07, 2025	2026 (Q1)	-0.02 / -0.02	-0.02	0.00% (0.00)	―
Jun 04, 2025	2025 (Q4)	>-0.01 / 0.01	0	―	―
Feb 05, 2025	2025 (Q3)	-0.02 / -0.02	-0.05	60.00% (+0.03)	―
Nov 07, 2024	2025 (Q2)	<0.01 / 0.01	-0.01	200.00% (+0.02)	―
Aug 07, 2024	2025 (Q1)	-0.04 / -0.02	-0.05	60.00% (+0.03)	―
Jun 03, 2024	2024 (Q4)	-0.01 / 0.00	-0.04	―	―
Feb 07, 2024	2024 (Q3)	-0.06 / -0.05	-0.09	44.44% (+0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BARK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2026	$0.82	$0.83	+2.08%
Nov 10, 2025	$0.79	$0.79	0.00%
Aug 07, 2025	$0.85	$0.80	-6.21%
Jun 04, 2025	$1.35	$0.95	-29.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BARK Inc Class A (BARK) report earnings?

BARK Inc Class A (BARK) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).

What is BARK Inc Class A (BARK) earnings time?

BARK Inc Class A (BARK) earnings time is at Jun 03, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BARK EPS forecast?

BARK EPS forecast for the fiscal quarter 2026 (Q4) is -0.02.