BARK Inc Class A (BARK) AI Stock Analysis

• Market Cap: $131.85M
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: -7.61%
• EPS Growth: -18.41%
• Country: US
• Employees: 708
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.03
• Shares Outstanding: 172,833,420
• 10 Day Avg. Volume: 865,229
• 30 Day Avg. Volume: 1,921,558
• PEG Ratio: 0.78
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -18.40
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 0.35
• Enterprise Value/Gross Profit: 0.58
• Enterprise Value/Ebitda: -7.55
• 1Y Price Target: $1.50
• Price Target Upside: 87.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.13
• Revenue Forecast (FY): $412.76M

• Rating: 46 Neutral
• Price Target: $0.80 ▲(0.00% Upside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is primarily held down by weak financial performance (declining TTM revenue, continued losses, and renewed TTM cash burn). Technicals are mixed and do not provide strong trend confirmation, and valuation is difficult to support given negative earnings and no dividend. The latest earnings call provides some offset via improved margins, Q3 positive free cash flow, and a debt-free balance sheet, but guidance and commentary still point to near-term top-line pressure and only incremental profitability progress.

Positive Factors

High gross margins

Sustained, high gross margins across channels provide a structural profitability cushion. Strong D2C margins (66.4%) and improving Commerce margins (≈46.3%) indicate durable pricing power, effective packaging/pricing actions and tariff mitigation that support margin sustainability even as revenue mix shifts.

Channel diversification (Air & Commerce growth)

Broader revenue mix reduces dependence on subscription boxes and spreads operational risk. Air's 71% YoY growth and Air+Commerce now ~23% of sales show structural diversification, helping stabilize top-line volatility and giving management levers to grow higher‑margin channels over the medium term.

Improved cash discipline and debt elimination

Quarterly positive free cash flow, steep marketing cuts and CAC improvement (marketing down ~$11.3M; CAC down ~7%), plus repaying a $45M note and exiting debt‑free with ~$22M cash, reflect durable cost discipline that improves cash conversion, optionality and resilience versus prior cash‑burn periods.

Negative Factors

TTM revenue decline and subscriber contraction

Trailing revenue erosion reflects a meaningful top‑line headwind that is partially intentional (marketing pullback) but still structural: management expects subscriber counts to continue contracting while prioritizing profitability, which prolongs the recovery path for sustainable revenue growth.

Persistent unprofitability

Adjusted EBITDA and reported operating/net margins remain negative (~-7.5%/-7.8%), so despite margin improvements the business is not yet self‑sustaining. Continued losses limit reinvestment capacity, compress shareholder returns and increase reliance on cash or strategic transactions to bridge to durable profitability.

Weak TTM cash generation and modest liquidity

TTM negative operating and free cash flow indicate the company has been burning cash, increasing execution and liquidity risk. Even after debt repayment cash is modest (~$22M), so absent sustained positive cash generation management faces limited runway or must pursue financing or further structural cuts.

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 playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere. In addition, the company offers monthly themed box of toys and treats under the BarkBox and Super Chewer names; personalized meal plans under the BARK Food name; health and wellness products under the BARK Bright name; and dog beds, bowls, collars, harnesses, and leashes under the BARK Home brand. Further, the company sells BARK Home products through BarkShop.com. Additionally, it offers custom collections through online marketplaces, and brick and mortar retailers. The company was formerly known as The Original BARK Company and changed its name to BARK, Inc. in November 2021. BARK Inc. was incorporated in 2011 and is headquartered in New York, New York.

How the Company Makes Money

BARK generates revenue primarily through its subscription model, with customers paying a monthly fee for the BarkBox service. This model allows the company to build a stable and recurring revenue stream. In addition to subscription sales, BARK earns money through direct sales of its products on its e-commerce platform, which includes individual toys and treats. The company has also explored partnerships with various brands and retailers to expand its product offerings and reach more customers. Furthermore, BARK benefits from customer loyalty and retention, as the subscription service encourages repeat purchases and fosters a strong community of pet owners.

BARK Inc Class A Financial Statement Overview

Summary

Financial statements remain weak: TTM revenue declined (-6.2%), operating and net margins are still negative (~-7.5% and ~-7.8%), and cash generation deteriorated with negative operating cash flow (~-$32M) and free cash flow (~-$36M). Balance sheet leverage is not extreme, but equity has compressed and ROE is deeply negative (~-36%).

Income Statement

TTM (Trailing-Twelve-Months) revenue declined (-6.2%), extending a choppy top-line trend after prior growth years. Profitability remains pressured: while gross margin is strong (~62%), the company is still operating at a loss (TTM operating margin about -7.5%) and net losses persist (TTM net margin about -7.8%). A positive is the multi-year improvement from the much weaker 2022–2023 loss profile, but the latest TTM still shows no clear return to profitability.

Balance Sheet

Leverage looks manageable in absolute terms (TTM debt ~$38M vs. equity ~$81M), but the balance sheet has weakened versus recent years: equity is down materially from 2023–2025 annual levels, and debt-to-equity has risen to ~0.95 in TTM. Returns remain negative (TTM return on equity about -36%), reflecting ongoing losses and limiting the pace of balance-sheet rebuilding.

Cash Flow

Cash generation deteriorated in TTM, with operating cash flow negative (~-$32M) and free cash flow also negative (~-$36M), implying cash burn rather than self-funding operations. While free cash flow is less severe than the extreme outflow seen in 2022, the trend from the 2025 annual period to TTM worsened, increasing execution and liquidity risk if losses persist.

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	21.68M	94.02M	125.50M	177.91M	199.40M	38.28M
Total Debt	38.31M	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

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BARK, the sentiment is Positive. The current price of 0.8 is below the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.74, and below the 200-day MA of 0.86, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 23.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BARK.

BARK Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JD	70 Outperform	$39.35B	9.26	13.68%	3.37%	16.54%	-3.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CHWY	61 Neutral	$10.03B	53.40	59.58%	―	9.80%	-46.84%
ETSY	55 Neutral	$4.35B	33.65	―	―	1.98%	-20.98%
WOOF	51 Neutral	$717.17M	-237.96	-0.19%	―	-3.85%	97.87%
FLWS	50 Neutral	$211.42M	-0.98	-67.22%	―	-8.07%	-2206.16%
BARK	46 Neutral	$131.85M	―	-33.37%	―	-7.61%	-18.41%

BARK Inc Class A Corporate Events

BARK Forms Special Committee to Review Acquisition Proposals

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 for the company. The proposals include a January 9, 2026 offer from Great Dane Ventures, a group of existing shareholders including CEO Matt Meeker and affiliated investors, to buy all outstanding shares they do not already own for $0.90 per share, and a January 14, 2026 offer from GNK Holdings and Marcus Lemonis to acquire all remaining shares for $1.10 per share. The board emphasized that the special committee has not yet fully reviewed or assessed the proposals, that there is no assurance any definitive offer or transaction will result, and cautioned shareholders and market participants against assuming that a deal will be completed.

The most recent analyst rating on (BARK) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on BARK Inc Class A stock, see the BARK Stock Forecast page.

BARK Inc Receives Take-Private Proposal, Forms Special Committee

On January 9, 2026, BARK, Inc. disclosed that its board of directors received a preliminary, non-binding proposal from Great Dane Ventures, a group of existing shareholders including CEO and Executive Chairman Matt Meeker and several venture investors, to take the company private at $0.90 per share in cash for all outstanding shares not already owned by the group. In response, the board formed a special committee of independent and disinterested directors, which plans to engage independent financial and legal advisers to evaluate the offer and any alternative proposals, while cautioning investors that the committee has only just begun its review and there is no certainty that a definitive offer, agreement or transaction will result from this process.

The most recent analyst rating on (BARK) stock is a Hold with a $0.63 price target. To see the full list of analyst forecasts on BARK Inc Class A stock, see the BARK Stock Forecast page.

BARK Warrants Face NYSE Delisting as Trading Suspended

On December 15, 2025, BARK, Inc. announced that the New York Stock Exchange will commence proceedings to delist and has immediately suspended trading in the company’s publicly listed warrants, which had an $11.50 exercise price and traded under the symbol BARK-WS, citing abnormally low selling prices under NYSE rules; BARK will not appeal the decision, though trading in its common stock will continue on the NYSE under the BARK ticker, subject to ongoing compliance with listing standards, limiting the impact primarily to warrant holders rather than equity shareholders. The company also disclosed that its 2025 Annual Meeting of Stockholders is expected to be held on March 25, 2026, and because the date falls more than 30 days after the prior year’s meeting, it has set December 29, 2025, as the deadline for shareholders to submit proposals, director nominations, and universal proxy nominations in accordance with SEC regulations, Delaware law, and its bylaws for potential inclusion in the proxy materials.

The most recent analyst rating on (BARK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on BARK Inc Class A stock, see the BARK Stock Forecast page.