NYSE$BARK

The Original Bark Co · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Reported strong start to fiscal year 2025 with revenue ahead of guidance and improved profitability.

BARK reported Q1 2025 results with revenue of $116.2 million, a gross margin of 63.0%, and a net loss improvement of 13.9% year-over-year. The company's performance was driven by growth in the commerce segment and improvements in profitability.

  • Total revenue was $116.2 million, exceeding the high end of the company's guidance range.
  • Gross margin reached a record 63.0%, marking the seventh consecutive quarter of year-over-year improvement.
  • Net cash provided by operating activities was $1.8 million, with free cash flow improving by $13.5 million year-over-year to $(0.3) million.
  • Net loss improved by 13.9% year-over-year to $(10.0) million.

Headline financials

Total Revenue

$116M

Previous: $121M-3.6%
EPS (adj)

-$0.02

Previous: -$0.05+60.0%
Capital Expenditures

-$2.04M

No prior period
Free Cash Flow

-$251K

Previous: -$13.7M+98.2%
Net Income

-$10M

Previous: -$11.7M+13.9%
Operating Income

-$10.6M

Previous: -$14M+24.4%
Gross Profit

$73.3M

Previous: $73M+0.3%
Cash & Equivalents

$118M

Previous: $164M-28.1%
Total Assets

$288M

Previous: $374M-23.0%
Stock-Based Comp

$2.94M

Previous: $3.23M-8.8%

Revenue & EPS history

Bark · Revenue · Quarterly

$116M

Q1 2025-3.6%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Bark · $123M total across 2 segments · Q2 2024

  • Direct to Consumer
    $104M
  • Commerce
    $18.7M

Forward guidance

BARK provides guidance for revenue and Adjusted EBITDA for the fiscal second quarter and full year 2025.

Tailwinds

  • Total revenue of $490 million to $500 million for fiscal year 2025, reflecting year-over-year growth of flat to 2.0%.
  • Adjusted EBITDA of $1.0 million to $5.0 million for fiscal year 2025, reflecting a year-over-year improvement of $11.6 million to $15.6 million.
  • Total revenue of $123.0 million to $126.0 million for the fiscal second quarter 2025, reflecting year-over-year growth of flat to 2.4%.
  • Adjusted EBITDA of $1.0 million to $3.0 million for the fiscal second quarter 2025, reflecting a year-over-year improvement of flat to $2 million.
  • Reaffirming full year 2025 guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-3.0%

Avg return

Earnings day

-4.2%

Avg return

5 days after

-7.1%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+22.3%

Q1 2023

Best reaction

-24.6%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.2%-13.4%
Q3 2026-2.6%-5.7%-7.6%
Q2 2026+0.0%-6.3%-16.7%
Q1 2026-6.3%-2.9%+2.6%
Q4 2025+1.6%-2.4%-34.6%
Q3 2025-6.6%+0.0%-20.9%
Q2 2025-6.0%+1.3%+53.6%
Q1 2025+11.7%+11.7%+18.2%
Q4 2024+0.8%+2.3%+30.0%
Q3 2024+13.4%+26.5%+51.6%
Q2 2024-22.3%-25.2%-22.6%
Q1 2024-9.5%-12.4%+12.4%
Q4 2023+9.6%+5.8%+27.9%
Q3 2023-24.6%-31.5%-41.9%
Q2 2023-5.6%-4.5%-12.9%
Q1 2023+22.3%+36.0%+22.3%
Q4 2020-16.2%-28.5%-50.8%
Q4 2022-16.2%-28.5%-50.8%
Q3 2022-19.5%-22.1%-33.3%
Q2 2022-13.4%-11.8%-37.7%
Q1 2021+0.8%-2.1%-7.2%
Q4 2021+0.8%-2.1%-7.2%
Q1 2022+5.9%+2.3%-6.3%
Q2 2021+3.3%+11.5%-13.9%
Q3 2021+1.0%-1.8%-25.6%
Q2 2020
Q1 2020

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