BARK Inc Class A (BARK)
NYSE:BARK
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BARK Inc Class A
(NYSE:BARK)
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Rating:45Neutral
Price Target:
$9.50
▼(-6.59% Downside)
Action:ReiteratedDate:04/08/26
The score is held down primarily by weak financial performance (declining TTM revenue, ongoing losses, and renewed TTM cash burn) and a strongly bearish technical setup (price far below key moving averages with negative MACD). Offsetting factors include improved operational discipline highlighted on the earnings call (positive quarterly free cash flow, inventory reductions, and cost/marketing efficiency) and supportive corporate actions (additional cost cuts and potential tariff-refund upside), but these are not yet reflected in sustained profitability or stable cash generation.
Positive Factors
High gross margins
Sustained gross margins near 62% reflect pricing power and product mix in branded D2C and improved commerce margins from tariff mitigation. These structural margins provide durable buffer to absorb fixed costs and support a credible path to profitability as operating efficiency continues.
Negative Factors
Declining revenue trend
A multi-quarter top-line decline driven by deliberate subscriber pullback and timing shifts in commerce reduces scale and threatens operating leverage. Without sustainable revenue stabilization, fixed-cost absorption and durable margin expansion remain at risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near 62% reflect pricing power and product mix in branded D2C and improved commerce margins from tariff mitigation. These structural margins provide durable buffer to absorb fixed costs and support a credible path to profitability as operating efficiency continues.
Read all positive factors
BARK Inc Class A (BARK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.56M
Dividend YieldN/A
Average Volume (3M)1.07M
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-13.58%
EPS Growth-4.64%
CountryUS
Employees708
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.60
Shares Outstanding8,641,671
10 Day Avg. Volume1,807,808
30 Day Avg. Volume1,068,272
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)2.45
Price to Sales (P/S)0.50
P/FCF Ratio-18.40
Enterprise Value/Market Cap1.53
Enterprise Value/Revenue0.30
Enterprise Value/Gross Profit0.49
Enterprise Value/Ebitda-6.44
Forecast
1Y Price Target
$22.50Price Target Upside121.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.04
Revenue Forecast (FY)$423.21M
BARK Inc Class A Business Overview & Revenue Model
Company Description
BARK Inc., a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of ...
How the Company Makes Money
BARK generates revenue primarily through (1) direct-to-consumer subscriptions and (2) commerce sales of branded products. Subscription revenue is earned from recurring customer payments for monthly themed boxes that typically include dog toys and ...
BARK Inc Class A Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down earnings by product or service type, revealing which offerings are most popular and where there might be room for diversification.
Breaks down earnings by product or service type, revealing which offerings are most popular and where there might be room for diversification.
Data provided by:
The Fly
The FlyBARK Inc Class A Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Positive
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.Positive Updates
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.
Negative Updates
Total Revenue Below Guidance and Year-Over-Year
Total revenue for the quarter was $98.4M, which came in below the company's guidance range and was lower year-over-year, driven in part by a deliberate pullback in marketing spend.
Read all updates
Q3-2026 Updates
Positive
Negative
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.
Read all positive updates
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.BARK Inc Class A Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
44
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 423.69M | 484.18M | 490.18M | 535.32M | 507.41M | 378.60M |
| Gross Profit | 258.86M | 301.99M | 302.15M | 308.12M | 282.11M | 225.94M |
| EBITDA | -19.83M | -18.87M | -20.06M | -46.66M | -58.43M | -18.06M |
| Net Income | -32.41M | -32.88M | -37.01M | -61.52M | -68.30M | -31.39M |
Balance Sheet | ||||||
| Total Assets | 188.67M | 260.63M | 298.59M | 400.42M | 434.06M | 150.86M |
| Cash, Cash Equivalents and Short-Term Investments | 27.15M | 94.02M | 125.50M | 177.91M | 199.40M | 38.28M |
| Total Debt | 71.23M | 85.17M | 87.82M | 133.94M | 138.94M | 115.73M |
| Total Liabilities | 107.42M | 161.11M | 159.21M | 229.88M | 217.00M | 309.83M |
| Stockholders Equity | 81.25M | 99.53M | 139.38M | 170.54M | 217.06M | -158.97M |
Cash Flow | ||||||
| Free Cash Flow | -36.50M | -13.24M | -2.77M | -16.63M | -193.51M | -24.44M |
| Operating Cash Flow | -32.06M | -7.08M | 6.06M | 4.69M | -172.34M | -19.62M |
| Investing Cash Flow | -4.43M | -6.16M | -8.83M | -21.14M | -21.17M | -4.83M |
| Financing Cash Flow | -56.20M | -19.87M | -49.62M | -2.10M | 355.46M | 54.50M |
BARK Inc Class A Technical Analysis
Negative
10.17
Price Trends
13.63
Negative
14.05
Negative
15.57
Negative
Market Momentum
-1.27
Negative
39.65
Neutral
87.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BARK, the sentiment is Negative. The current price of 10.17 is below the 20-day moving average (MA) of 10.28, below the 50-day MA of 13.63, and below the 200-day MA of 15.57, indicating a bearish trend. The MACD of -1.27 indicates Negative momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 87.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BARK.
BARK Inc Class A Risk Analysis
BARK Inc Class A disclosed 49 risk factors in its most recent earnings report. BARK Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BARK Inc Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $5.99B | 7.82 | -33.00% | ― | 1.78% | 75.71% | |
64 Neutral | $40.70B | 14.55 | 8.57% | 3.37% | 13.13% | -51.27% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $238.32M | 0.88 | -77.77% | ― | -9.81% | -2900.45% | |
54 Neutral | $818.94M | 82.95 | 0.79% | ― | -2.53% | ― | |
52 Neutral | $10.64B | 52.77 | 51.43% | ― | 6.24% | -41.25% | |
45 Neutral | $83.56M | -3.00 | -35.90% | ― | -13.58% | -4.64% |
* Consumer Cyclical Sector Average
BARK
BARK Inc Class A
9.67
-12.73
-56.83%
FLWS
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JD
JD
29.96
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ETSY
Etsy
63.17
18.09
40.13%
CHWY
Chewy
25.54
-12.27
-32.45%
WOOF
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2.88
-0.30
-9.43%
BARK Inc Class A Corporate Events
Business Operations and StrategyShareholder MeetingsStock Split
BARK Implements One-for-Twenty Reverse Stock Split
Neutral
Apr 2, 2026
On April 1, 2026, BARK, Inc. implemented a one-for-twenty reverse stock split of its common stock following shareholder approval at the March 25, 2026 annual meeting, with the amendment to its certificate of incorporation becoming effective at 12:...
Business Operations and StrategyDelistings and Listing ChangesShareholder MeetingsStock Split
BARK Inc. Announces 1-for-20 Reverse Stock Split
Neutral
Mar 26, 2026
On March 25, 2026, BARK, Inc. held its 2025 annual meeting of stockholders, where investors re-elected Class A directors Betsy McLaughlin and Henrik Werdelin and ratified Deloitte Touche LLP as the independent auditor for the fiscal year ending M...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
BARK Implements Cost Cuts and Eyes Tariff Refund Upside
Positive
Mar 23, 2026
On March 23, 2026, BARK, Inc. reported it had completed a series of cost reduction measures in the fourth quarter of its 2026 fiscal year, targeting up to $28 million in annual savings through headcount cuts, operational efficiencies using automat...
Business Operations and StrategyM&A Transactions
BARK Ends Strategic Review, Reaffirms Standalone Growth Strategy
Positive
Mar 20, 2026
On March 20, 2026, BARK, Inc. announced that a Special Committee of its board, after reviewing previously disclosed preliminary non-binding proposals, decided not to pursue any transaction at this time. The committee had evaluated a January 14, 20...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
BARK CEO Exits Investor Group Amid Strategic Review
Neutral
Mar 3, 2026
On March 3, 2026, BARK, Inc., the dog-centric consumer brand listed on the NYSE, confirmed that Chief Executive Officer and Executive Chair Matt Meeker has voluntarily withdrawn as a member and equity holder in Great Dane Ventures, LLC, an investo...
Business Operations and StrategyM&A Transactions
BARK Inc Special Committee Reviews Competing Acquisition Proposals
Neutral
Feb 13, 2026
On February 13, 2026, BARK, Inc. announced that a special committee of independent directors has set clear parameters for parties interested in acquiring the company, aiming to maximize value for all stockholders while safeguarding operations and ...
Business Operations and StrategyM&A Transactions
BARK Forms Special Committee to Review Acquisition Proposals
Neutral
Feb 2, 2026
On February 2, 2026, BARK, Inc. announced that a special committee of its board of directors has retained Moelis Company as financial advisor and Sidley Austin as legal counsel to evaluate preliminary, non-binding all-cash acquisition proposals f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.