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Sep 30
Bark Q2 2026 Earnings Report
Bark reported its second quarter fiscal year 2026 results, exceeding revenue guidance and managing adjusted EBITDA within expectations, while becoming debt-free and extending its line of credit.
Key Takeaways
BARK, Inc. delivered a strong second fiscal quarter of 2026, with total revenue reaching $107.0 million, surpassing its guidance. The company successfully repaid its $45 million convertible note, making it debt-free, and extended its $35 million line of credit, enhancing financial flexibility. Despite a year-over-year revenue decline, the Commerce segment grew by 5.6% and BARK Air revenue surged by 138.0%, demonstrating successful diversification efforts. Adjusted EBITDA was within guidance at $(1.4) million, reflecting disciplined profitability management alongside strategic marketing investments.
Total revenue for Q2 FY2026 was $107.0 million, exceeding the company's guidance range of $102.0 million to $105.0 million.
BARK became debt-free on November 6, 2025, after repaying its $45 million convertible note with cash on hand, and extended its $35 million line of credit.
Commerce revenue increased by 5.6% year-over-year to $24.8 million, and BARK Air revenue grew by 138.0% to $3.6 million, highlighting successful diversification.
Adjusted EBITDA was $(1.4) million, falling within the company's guidance range of $(2.0) million to $2.0 million, despite increased marketing investments.
Bark
Bark
Bark Revenue by Segment
Revenue by Segment
Direct to Consumer Revenue
CapyFin.comToys & Accessories Revenue
CapyFin.comConsumables Revenue
CapyFin.comOther Direct to Consumer Revenue
CapyFin.comCommerce Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal year 2026, BARK expects total revenue to be between $101.0 million and $104.0 million, and Adjusted EBITDA to be between $(5.0) million and $(1.0) million. The company is not providing full-year guidance due to ongoing uncertainty regarding tariffs and their impact on demand and operating costs.
Positive Outlook
- Expected total revenue for Q3 FY2026 is between $101.0 million and $104.0 million.
- Expected Adjusted EBITDA for Q3 FY2026 is between $(5.0) million and $(1.0) million.
- The company remains focused on executing its strategic initiatives.
- BARK aims to deliver long-term value to its customers and shareholders.
- The company will continue to evaluate market conditions and provide updates as the macroeconomic landscape becomes clearer.
Challenges Ahead
- Full-year guidance is not being provided due to ongoing uncertainty surrounding tariffs.
- Tariffs are impacting overall demand and operating costs.
- The company will not provide guidance for Net Loss due to the uncertainty and potential variability of certain items.
- Stock-based compensation expenses and related tax effects are difficult to predict.
- Such unpredictable items could have a significant impact on Net Loss.
Revenue & Expenses
Visualization of income flow from segment revenue to net income