Q2 2026 Bark Inc Earnings Call Transcript

Nov 10, 2025 / 01:30 PM GMT

Release Date Price: $15.8

Transcript 10-Q8-K

Key Points

Positve

BARK Inc (BARK) paid off its $45 million convertible note, becoming debt-free, which reflects long-term confidence in the business.
The company extended its $35 million credit line with Western Alliance Bank, enhancing financial flexibility.
Total revenue for the quarter was $107 million, exceeding the high end of the guidance range.
The commerce segment delivered $24.8 million in revenue, up 6% year over year, marking an all-time high revenue mix contribution.
BARK Air exceeded expectations with $3.6 million in revenue, up more than 138% from last year, and achieved a 99% 5-star review rate.

Negative

Adjusted EBITD was $-1.4 million, within guidance but impacted by a $1 million investment in growth.
D2C revenue was $78.5 million, down from last year due to a smaller subscriber base and moderated marketing spend.
Consolidated gross margin was 57.9%, down 250 basis points year over year, affected by higher tariff-related costs.
Total subscribers are down year over year, although retention remains strong.
The company incurred roughly $7 million in elevated tariff-related costs in the first half and expects $12 to $13 million for the full year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BARK.N - Bark Inc
Q2 2026 Bark Inc Earnings Call
Nov 10, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the BC second quarter fiscal year 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question again, press 1.

Thank you. I'd now like to turn the call over to Mike Muiss, VP of investor relations. You may begin.

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Unidentified_2 [2]
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Good morning everyone

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