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Financial statements

Bark, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Bark, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue224379507535490484395
Cost of revenue88.9153225227188182153
Gross profit135226282308302302242
Selling and marketing46.16774.468.879.383.859.2
General and administrative116180302303268253223
Operating expenses162247376372348337282
Operating income-26.6-20.6-94.2-63.8-45.5-35.1-40.2
Interest expense5.4210.95.465.434.352.791.86
Interest income01.067.534.931.88
Other non-operating income0.680.1331.36.685.330.131.15
Pre-tax income-31.4-31.4-68.3-61.5-37-32.9-39
Income tax0000000
Net income-31.4-31.4-68.3-61.5-37-32.9-39
EBITDA-25.2-18.2-89.8-54.4-32.9-23.9-31.1
EPS, basic-13.93-13.54-8.76-6.97-4.18-3.77-4.57
EPS, diluted-13.93-13.54-8.76-6.97-4.18-3.77-4.57
Shares, basic (weighted)2.272.337.858.888.868.728.54
Shares, diluted (weighted)2.272.337.858.888.868.728.54

Balance sheet

FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents9.6838.31991781259419.3
Receivables8.939.756.67.79.512.3
Inventory77.515312484.288.175.5
Other current assets7.415.883.554.381014.6
Total current assets132368312222202122
Property, plant and equipment13.528.139.925.521.517.2
Lease right-of-use assets029.636.932.828.324.8
Intangible assets2.073.844.0911.95.431.57
Other non-current assets3.264.47.236.593.824.7
Total assets151434400299261170
Accounts payable50.536.834.413.720.417.1
Accrued liabilities0.6
Deferred revenue27.231.527.82621.322.2
Short-term debt042.60
Total current liabilities12210999.675.512465.4
Long-term debt11676.281.239.900
Lease liabilities028.847.242.636.832.5
Other non-current liabilities11.83.351.821.20.270.11
Total liabilities25021723015916198
Total debt11676.281.239.942.60
Paid-in capital21465480492504517
Retained earnings-180-248-310-347-380-419
Treasury stock00-6.23-24.7-26.5
Shareholders' equity-135-15921717113999.572
Total equity-135-15921717113999.572
Total liabilities and equity151434400299261170
Shares outstanding2.428.818.921768.499.36

Cash flow statement

FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income-31.4-31.4-68.3-61.5-37-32.9-39
Depreciation and amortization1.42.414.49.4312.611.29.1
Stock-based compensation1.826.5217.914.812.912.714.4
Change in receivables-2.43-5.05-1.123.02-1.3-1.76-2.94
Change in inventory-13-37.8-82.933.540.7-5.5411.1
Change in payables11.916.5-13.50.46-17.811.7-13.4
Cash from operations-19.7-19.6-1724.696.06-7.08-23.2
Capital expenditures-4.83-21.2-21.3-8.83-6.16-3.42
Sales and maturities of investments000.1800
Cash from investing-4.68-4.83-21.2-21.1-8.83-6.16-3.42
Debt repaid-0.5-25.3-39.50-42.30-42.9
Stock issued0.281.223.31.020.111.360.07
Share buybacks0-0.0100-6.23-18.5-1.77
Cash from financing22.754.5355-2.1-49.6-19.9-45.7
Exchange rate effect00-0.060.02-0.07-0.08
Net change in cash-1.6730.1162-18.6-52.4-33.2-72.4
Free cash flow-24.4-194-16.6-2.77-13.2-26.6
Interest paid3.035.170.850.282.390.12.83

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.16 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin63.4%Gross profit / revenue.
Operating margin-8.6%Operating income / revenue.
EBITDA margin-6.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-8.4%Pre-tax income / revenue.
Net margin-8.4%Net income / revenue.
FCF margin-6.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-5.7%Cash from operations / revenue.
Return on equity (ROE)-41.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-18.5%Net income / average total assets.
Return on invested capital (ROIC)-41.7%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue3.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.8%Capital expenditures / revenue.
D&A / revenue2.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-18.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-9.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y0.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-19.9%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-7.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y1.4%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-27.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-25.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-34.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-24.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y2.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y-2.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-1.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y29.7%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.02xCurrent assets / current liabilities.
Quick ratio0.60x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.26x(Cash + short-term investments) / current liabilities.
Liabilities / assets54.8%Total liabilities / total assets.
Interest coverage-27.7xOperating income / interest expense.
Working capital$62.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.9%(Goodwill + intangible assets) / total assets.
Tangible book value$74.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.20xRevenue / average total assets.
Fixed asset turnover23.8xRevenue / average property, plant and equipment.
Inventory turnover1.87xCost of revenue / average inventory.
Days inventory195 days365 x average inventory / cost of revenue.
Receivables turnover18.2xRevenue / average receivables.
Days sales outstanding20 days365 x average receivables / revenue.
Days payables47 days365 x average accounts payable / cost of revenue.
Cash conversion cycle168 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.56Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$42.21Revenue / diluted weighted shares.
FCF per share-$2.74Free cash flow / diluted weighted shares.
Operating cash flow per share-$2.42Cash from operations / diluted weighted shares.
Book value per share$7.68Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$7.54Tangible book value / shares outstanding.
Cash per share$1.62(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$73.7MShare price x shares outstanding.
Enterprise value$57.6MMarket cap + total debt - cash - short-term investments.
P/S0.20xMarket cap / revenue.
P/B0.97xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.99xMarket cap / tangible book value, when positive.
EV/Sales0.16xEnterprise value / revenue.
FCF yield-32.7%Free cash flow / market cap.
Earnings yield-42.4%Net income / market cap (the inverse of P/E).
Shareholder yield0.3%(Dividends paid + share buybacks) / market cap.
What was Bark, Inc.'s revenue in fiscal 2026?

Bark, Inc. reported revenue of $394.8M for fiscal 2026, 18.5% lower than the year before.

Was Bark, Inc. profitable in fiscal 2026?

No. It reported a net loss of $39.0M.

How much free cash flow did Bark, Inc. generate in fiscal 2026?

Cash from operations of $23.2M minus capital expenditures of $3.4M left free cash flow of -$26.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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