Bark Q3 2025 Earnings Report
Key Takeaways
BARK reported a slight increase in total revenue, driven by strong growth in the commerce segment and new subscriptions. The company exceeded its revenue expectations and improved its Adjusted EBITDA year-over-year. BARK Air generated $2 million in revenue within seven months of launch.
Total revenue reached $126.4 million, a 1.1% increase year-over-year and ahead of guidance.
Commerce revenue increased by 43.5% compared to the previous year.
Gross margin improved to 62.7%, up 90 basis points year-over-year.
Adjusted EBITDA improved by $4.9 million year-over-year.
Bark
Bark
Bark Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2025, BARK expects revenue between $121.2 million and $131.2 million, reflecting year-over-year growth of -0.2% to 8.0%, and Adjusted EBITDA between $0.9 million and $4.9 million.
Positive Outlook
- Total revenue of $490 million to $500 million for fiscal year 2025.
- Adjusted EBITDA of $1.0 million to $5.0 million for fiscal year 2025.
- Total revenue of $121.2 million to $131.2 million for the fourth quarter of fiscal 2025.
- Adjusted EBITDA of $0.9 million to $4.9 million for the fourth quarter of fiscal 2025.
- Potential variability in the timing of commerce shipments that could shift from the fiscal fourth quarter to the first quarter of fiscal 2026.
Challenges Ahead
- Potential variability in the timing of commerce shipments that could shift from the fiscal fourth quarter to the first quarter of fiscal 2026.
- Potential variability in the Company's marketing investment.
- Uncertainty and potential variability of certain items, including stock-based compensation expenses and related tax effects.
- Such items could have a significant impact on Net Loss.
- Actual results may differ materially.