NYSE$BARK

The Original Bark Co · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Reported a 2.5% increase in total revenue year-over-year and a 49.1% improvement in net loss.

BARK reported a slight increase in revenue and a significant improvement in net loss. Total revenue reached $126.1 million, a 2.5% increase year-over-year, driven by a 25.6% increase in the commerce segment. Net loss improved by 49.1% to $(5.3) million. Adjusted EBITDA was $3.5 million, a $2.5 million improvement year-over-year.

  • Total revenue increased by 2.5% year-over-year to $126.1 million, exceeding the company's guidance.
  • Net loss improved by 49.1% year-over-year, reaching $(5.3) million.
  • Adjusted EBITDA improved by $2.5 million year-over-year to $3.5 million, also above guidance.
  • Commerce revenue increased by 25.6% year-over-year.

Headline financials

Total Revenue

$126M

Previous: $123M+2.5%
EPS

-$0.03

Previous: -$0.01-200.0%
Total Orders

3.3M

Previous: 3.4M-2.7%
Average Order Value

$30.91

Previous: $31.03-0.4%
DTC Gross Margin

64.8%

Previous: 64.9%-0.2%
Gross Margin

60.4%

No prior period
Adjusted EBITDA

$3.49M

No prior period
Advertising & Marketing

$18.7M

No prior period
G&A Expenses

$63.1M

No prior period
Capital Expenditures

-$1.81M

Previous: -$1.96M+7.8%
Net Income

-$5.26M

Previous: -$10.3M+49.1%
Operating Income

-$5.7M

Previous: -$11.1M+48.7%
Gross Profit

$76.1M

Previous: $75.6M+0.6%
Cash & Equivalents

$115M

Previous: $161M-28.2%
Total Assets

$302M

Previous: $369M-18.3%
Stock-Based Comp

$2.96M

Previous: $3.69M-19.8%

Revenue & EPS history

Bark · Revenue · Quarterly

$126M

Q2 2025+2.5%vs Q2 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

For fiscal year 2025, BARK reaffirms total revenue guidance of $490 million to $500 million and Adjusted EBITDA of $1.0 million to $5.0 million. For the fiscal third quarter 2025, the Company expects total revenue of $123.0 million to $126.0 million and Adjusted EBITDA of $(3.0) million to breakeven.

Tailwinds

  • Reaffirming total revenue guidance for fiscal year 2025 of $490 million to $500 million.
  • Reaffirming Adjusted EBITDA guidance for fiscal year 2025 of $1.0 million to $5.0 million.
  • Expecting total revenue for fiscal third quarter 2025 of $123.0 million to $126.0 million.
  • Expecting Adjusted EBITDA for fiscal third quarter 2025 of $(3.0) million to breakeven.

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 Q2 2025

Historical avgQ2 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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