$BARK

Bark, Inc.

CIK:0001819574|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
REVENUE	$ 78,815,000	$ 102,861,000
COST OF REVENUE	21,482,000	38,784,000
Gross profit	57,333,000	64,077,000
OPERATING EXPENSES:
General and administrative	47,770,000	57,252,000
Advertising and marketing	9,497,000	15,178,000
Total operating expenses	57,267,000	72,430,000
INCOME (LOSS) FROM OPERATIONS	66,000	(8,353,000)
INTEREST INCOME	263,000	809,000
INTEREST EXPENSE	(2,000)	(709,000)
OTHER INCOME—NET	418,000	1,223,000
NET INCOME (LOSS) BEFORE INCOME TAXES	745,000	(7,030,000)
PROVISION FOR INCOME TAXES	0	0
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)	745,000	(7,030,000)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)	$ 745,000	$ (7,030,000)
Net income (loss) per common share attributable to common stockholders—basic (in USD per share)	$ 0.08	$ (0.83)
Net income (loss) per common share attributable to common stockholders—diluted (in USD per share)	$ 0.08	$ (0.83)
Weighted average common shares used to compute net income (loss) per share attributable to common stockholders—basic (in shares)	8,784,395	8,460,447
Weighted average common shares used to compute net income (loss) per share attributable to common stockholders—diluted (in shares)	8,784,395	8,460,447

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 745	$ (7,030)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation & amortization	1,814	2,520
Non-cash lease expense	1,168	1,027
Amortization of deferred financing fees and debt discount	0	114
Bad debt expense	35	0
Stock-based compensation expense	2,796	3,594
Provision for inventory obsolescence	(833)	285
Change in fair value of warrant liabilities and derivatives	0	(782)
Changes in operating assets and liabilities:
Accounts receivable	(8,092)	2,033
Inventory	3,934	(10,283)
Prepaid expenses and other current assets	389	(417)
Other noncurrent assets	124	(356)
Accounts payable and accrued expenses	(3,478)	5,837
Deferred revenue	(1,570)	(356)
Operating lease liabilities	(1,444)	(1,403)
Other liabilities	870	(223)
Net cash used in operating activities	(3,542)	(5,440)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(111)	(708)
Net cash used in investing activities	(111)	(708)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of finance lease obligations	0	(59)
Proceeds from the exercise of stock options	0	20
Proceeds from issuance of common stock under ESPP	80	197
Tax payments related to the issuance of common stock	(1,091)	(497)
Proceeds from issuance of common stock	2,000	0
Excise tax from stock repurchases	0	(21)
Payments to repurchase common stock	(233)	(1,770)
Net cash provided by (used in) financing activities	756	(2,130)
Effect of exchange rate changes on cash	(83)	(50)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(2,980)	(8,328)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD	25,166	97,531
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD	22,186	89,203
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Cash and cash equivalents	16,090	84,665
Restricted cash - prepaid expenses and other current assets	6,096	4,538
Total cash, cash equivalents and restricted cash	22,186	89,203
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Purchases of property and equipment included in accounts payable and accrued liabilities	0	1,749
Cash paid for interest	$ 2	$ 5

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
CURRENT ASSETS:
Cash and cash equivalents	$ 16,090	$ 19,282
Accounts receivable—net	20,376	12,318
Prepaid expenses and other current assets	14,423	14,599
Inventory	72,445	75,545
Total current assets	123,334	121,744
PROPERTY AND EQUIPMENT—NET	15,602	17,183
INTANGIBLE ASSETS—NET	1,444	1,569
OPERATING LEASE RIGHT-OF-USE ASSETS	23,631	24,799
OTHER NONCURRENT ASSETS	4,576	4,695
TOTAL ASSETS	168,587	169,990
CURRENT LIABILITIES:
Accounts payable	17,454	17,130
Operating lease liabilities, current	4,878	5,211
Accrued and other current liabilities	17,924	20,834
Deferred revenue	20,657	22,223
Total current liabilities	60,913	65,398
OPERATING LEASE LIABILITIES	31,355	32,466
OTHER LONG-TERM LIABILITIES	87	108
Total liabilities	92,355	97,972
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY:
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 9,925,385 and 9,356,667 shares issued and outstanding	1	1
Treasury stock, at cost, 888,074 and 865,161 shares, respectively	(26,733)	(26,500)
Additional paid-in capital	521,157	517,372
Accumulated deficit	(418,193)	(418,855)
Total stockholders’ equity	76,232	72,018
TOTAL LIABILITIES, AND STOCKHOLDERS’ EQUITY	$ 168,587	$ 169,990