Bark, Inc. BARK
Unless otherwise expressly stated or the context otherwise requires, when we refer to "we," "our," "us," "BARK," or "the Company" in this annual report on Form 10-K, we mean BARK, Inc. and its consolidated subsidiaries.
Our mission is to make all dogs happy.
We believe that dogs and humans are better together and we aspire to be the world's favorite dog brand. We are a team of dog-obsessed people committed to delivering personalization at scale by satisfying each dog's distinct personality, preferences, and needs with the best products and services. Since our founding in 2011, we have happily served millions of dogs and their people.
We are an omnichannel brand that designs and develops proprietary products for dogs across two key brands: BarkBox and Super Chewer. All of our products are designed and developed in-house, and are BARK branded. We
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $394.8M | $484.2M | $490.2M | $535.3M | $507.4M | $378.6M | $224.3M | — |
| Cost of revenue | — | $153.0M | $182.2M | $188.0M | $227.2M | $225.3M | $152.7M | $88.9M | — |
| Gross profit | — | $241.9M | $302.0M | $302.2M | $308.1M | $282.1M | $225.9M | $135.4M | — |
| SG&A | — | $222.8M | $253.4M | $268.4M | $303.1M | $301.9M | $179.5M | $115.9M | — |
| Total operating expenses | — | $282.1M | $337.1M | $347.7M | $371.9M | $376.3M | $246.5M | $162.0M | — |
| Operating income | — | -$40.2M | -$35.1M | -$45.5M | -$63.8M | -$94.2M | -$20.6M | -$26.6M | — |
| Interest expense | — | $1.9M | $2.8M | $4.4M | $5.4M | $5.5M | $10.9M | $5.4M | — |
| Pre-tax income | — | -$39.0M | -$32.9M | -$37.0M | -$61.5M | -$68.3M | -$31.4M | -$31.4M | — |
| Income tax | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net income | — | -$39.0M | -$32.9M | -$37.0M | -$61.5M | -$68.3M | -$31.4M | -$31.4M | — |
| EPS, basic | — | -4.57 | -3.77 | -4.18 | -0.35 | -0.44 | -0.68 | -0.70 | — |
| EPS, diluted | — | -4.57 | -3.77 | -4.18 | -0.35 | -0.44 | -0.68 | -0.70 | — |
| Shares, diluted (wtd. avg.) | — | $8.5M | $8.7M | $8.9M | $176.7M | $156.2M | $46.3M | $45.1M | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $19.3M | $94.0M | $125.5M | $183.1M | $201.7M | $39.7M | $9.7M | $11.3M |
| Receivables | — | $12.3M | $9.5M | $7.7M | $6.6M | $9.8M | $8.9M | — | — |
| Inventory | — | $75.5M | $88.1M | $84.2M | $124.3M | $153.1M | $77.5M | — | — |
| Total current assets | — | $121.7M | $201.6M | $221.7M | $312.4M | $368.1M | $132.1M | — | — |
| Other intangibles | — | $1.6M | $5.4M | $11.9M | $4.1M | $3.8M | $2.1M | — | — |
| Total assets | — | $170.0M | $260.6M | $298.6M | $400.4M | $434.1M | $150.9M | — | — |
| Accounts payable | — | $17.1M | $20.4M | $13.7M | $34.4M | $36.8M | $50.5M | — | — |
| Short-term debt | — | $0 | $42.6M | $0 | — | — | — | — | — |
| Total current liabilities | — | $65.4M | $124.0M | $75.5M | $99.6M | $108.6M | $122.3M | — | — |
| Long-term debt | — | $0 | $0 | $39.9M | $81.2M | $76.2M | $115.7M | — | — |
| Total liabilities | — | $98.0M | $161.1M | $159.2M | $229.9M | $217.0M | $249.8M | — | — |
| Retained earnings | — | -$418.9M | -$379.8M | -$346.8M | -$309.8M | -$248.3M | -$180.0M | — | — |
| Total equity | — | $72.0M | $99.5M | $139.4M | $170.5M | $217.1M | -$159.0M | -$135.4M | -$106.0M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$23.2M | -$7.1M | $6.1M | $4.7M | -$172.3M | -$19.6M | -$19.7M | — |
| Depreciation and amortisation | — | $9.1M | $11.2M | $12.6M | $9.4M | $4.4M | $2.4M | $1.4M | — |
| Stock-based compensation | — | $14.4M | $12.7M | $12.9M | $14.8M | $17.9M | $6.5M | $1.8M | — |
| Capital expenditure | — | $3.4M | $6.2M | $8.8M | $21.3M | $21.2M | $4.8M | — | — |
| Investing cash flow | — | -$3.4M | -$6.2M | -$8.8M | -$21.1M | -$21.2M | -$4.8M | -$4.7M | — |
| Financing cash flow | — | -$45.7M | -$19.9M | -$49.6M | -$2.1M | $355.5M | $54.5M | $22.7M | — |
| Buybacks | — | $1.8M | $18.5M | $6.2M | $0 | $0 | $9.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-050635.
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