Bark, Inc. SEC 10-Q Report

Bark, Inc., a leading provider of products and services for dogs, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting the challenges and opportunities faced by the company in a competitive market. Financial Highlights Total Revenue: $106.97 million, decreased by 15.2% compared to the same period last year, primarily due to a decline in Direct to Consumer revenue.Gross Profit: $61.96 million, representing a decrease of 18.6% from the prior year, with a gross margin of 57.9%, down from 60.4% in the previous year.Loss from Operations: $(10.66) million, an increase in loss by 87.1% compared to the prior year, driven by decreased revenue and gross profit.Net Loss: $(10.67) million, increased by 102.8% from the previous year, reflecting the challenges in maintaining revenue and controlling costs.Net Loss Per Share: $(0.06), compared to $(0.03) in the prior year, indicating a higher loss per share due to increased net loss. Business Highlights Revenue Segments: BARK, Inc. operates in two main segments: Direct to Consumer and Commerce. The Direct to Consumer segment includes revenue from BarkBox, Super Chewer, and BARK Air, while the Commerce segment involves sales through retail partners and online marketplaces.Direct to Consumer Performance: The Direct to Consumer segment saw a decrease in revenue by 19.9% for the three months ended September 30, 2025, primarily due to a decrease in total orders and a slight decrease in average order value. However, BARK Air contributed $3.6 million to this segment's revenue.Commerce Segment Growth: The Commerce segment experienced a 5.6% increase in revenue for the three months ended September 30, 2025, driven by increased sales volume from both existing and new customers.Sales Units: Total orders in the Direct to Consumer segment decreased by 22.2% for the three months ended September 30, 2025, reflecting a reduction in customer demand.New Product Launches: BARK Air, a new air travel experience for dogs, was launched, contributing to the Direct to Consumer segment's revenue. This initiative highlights BARK's commitment to expanding its service offerings tailored to dogs.Operational Efficiency: The company implemented various mitigation strategies to manage the impact of tariffs, including negotiating lower product costs with suppliers and diversifying supply sources, which have helped maintain competitiveness.Future Outlook: BARK anticipates significant growth potential in the consumables category, which includes kibble, treats, toppers, supplements, and dental products. The company plans to leverage its strong brand and customer base to capture market share in these areas.SEC Filing: Bark, Inc. [ BARK ] - 10-Q - Nov. 10, 2025