NYSE$BARK
The Original Bark Co · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Bark reported its fiscal third quarter 2025 results, exceeding revenue expectations and showing continued improvement in Adjusted EBITDA.
BARK, Inc. reported total revenue of $126.4 million for the fiscal third quarter ended December 31, 2024, surpassing its guidance range. The company achieved its tenth consecutive year-over-year improvement in Adjusted EBITDA, which was $(1.6) million. Commerce revenue saw a significant increase of 43.5% year-over-year.
- Total revenue reached $126.4 million, exceeding the company's guidance and marking a 1.1% year-over-year increase.
- Commerce revenue surged by 43.5% year-over-year, reaching $20.3 million, driven by new partnerships and expanded shelf space.
- Adjusted EBITDA improved by $4.9 million year-over-year, coming in at $(1.6) million, within the guidance range.
- Gross Margin increased to 62.7%, up 90 basis points compared to the same period last year.
Headline financials
Revenue & EPS history
Bark · Revenue · Quarterly
$126M
Revenue by segment
Bark · $123M total across 2 segments · Q2 2024
- Direct to Consumer$104M—84.8%
- Commerce$18.7M—15.2%
Forward guidance
BARK reaffirmed its fiscal year 2025 guidance for total revenue and Adjusted EBITDA, and provided guidance for the fiscal fourth quarter 2025.
Tailwinds
- Fiscal year 2025 total revenue guidance of $490 million to $500 million, reflecting flat to 2.0% year-over-year growth.
- Fiscal year 2025 Adjusted EBITDA guidance of $1.0 million to $5.0 million, an improvement of $11.6 million to $15.6 million year-over-year.
- Fourth quarter fiscal 2025 total revenue expected to be $121.2 million to $131.2 million, reflecting year-over-year growth of (0.2)% to 8.0%.
- Fourth quarter fiscal 2025 Adjusted EBITDA expected to be $0.9 million to $4.9 million, reflecting a year-over-year increase of $(1.3) million to $2.7 million.
- The company is on track to achieve its first full year of positive Adjusted EBITDA next month.
Headwinds
- Potential variability in the timing of commerce shipments could shift revenue from fiscal fourth quarter to first quarter of fiscal 2026.
- Potential variability in the company's marketing investment.
- Guidance for Net Loss is not provided due to uncertainty and variability of stock-based compensation expenses and related tax effects.
- The company's ability to efficiently acquire new subscriptions at a lower customer acquisition cost may lead to increased marketing investment.
- The forward-looking statements are subject to risks and uncertainties, including those related to projected financial information and spending on pets.
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 Q3 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
| Quarter | Report date | Reaction (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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