earnings
confidence high
sentiment positive
materiality 0.65
BARK Q1 revenue $116.2M, record gross margin 63.0%, net loss narrows to $10M
Bark, Inc.
2025-Q1 EPS
reported -$0.06
vs consensus $0.10
▼ miss
(-163.0%)
- Revenue of $116.2M, down 3.6% YoY but ahead of guidance ($113-116M); DTC revenue $107.1M (-4.3%), Commerce $9.2M (+5.2%).
- Record consolidated gross margin 63.0% (+248 bps YoY), driven by supplier consolidation and lower unit costs.
- Net loss improved 13.9% to $10.0M; Adjusted EBITDA $(1.8)M, beating guidance of $(4.0)-$(2.0)M, and $5.6M improvement YoY.
- Free cash flow $(0.3)M, $13.5M improvement YoY; cash balance $117.8M; inventory down $31.6M YoY.
- Reaffirmed FY2025 guidance: revenue $490-500M, Adjusted EBITDA $1-5M; launched on Chewy with best-selling toys.