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Primary reporting period: 2026-03-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
BARK, Inc., a dog-centric company, provides products, services, and content for dogs. The company operates in two segments, Direct to Consumer and Commerce. It provides subscription products, including monthly themed boxes of toys and treats to a dog’s home, as well as kibble, treats, chews, toothpastes, sprinkles, broths, bites, hip and joint support products, skin and coat support products, beds, leashes, apparel, and other accessories and products under the BarkBox, Super Chewer, and BARK Bright names.
How they make money
BARK operates through Direct-to-Consumer (DTC) and Commerce segments, generating revenue primarily from subscription-based sales of themed dog toys and treats (BarkBox and Super Chewer) and through retail and e-commerce partnerships. The company utilizes proprietary customer data and machine learning to drive cross-selling and Add-to-Box (ATB) sales, tailoring product recommendations based on individual dog profiles.
Products & services
The company offers themed subscription boxes for dogs (BarkBox and Super Chewer), BARK-branded treats and chews, and specialized services such as BARK Air, an air travel experience for dogs.
Brands & revenue mix
BarkBox
Themed subscription box for dogs.
Separate brand revenue is not available in this research.Source
Super Chewer
Themed subscription box for heavy chewers.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
In fiscal 2026, revenue from the sale of BARK products through retail and e-commerce partners totaled $70 million, representing 17.7% of total revenue.
Suppliers, materials & equipment
Contract Manufacturers — The company relies on various third-party contract manufacturers to produce its toys, treats, and chews; specific supplier names are not disclosed.Source
Strengths
Proprietary customer data and machine learning capabilitiesSource
Strong customer engagement through the 'Happy Team'Source
Overall investment score · Quality, value, risk and opportunity
24
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
24
Poor
Financial Strength
61
Business Quality / Moat
13
Management
0
Growth Quality
7
Risk / Durability
19
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
27
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
37/100
Building Historical Record
Model Score 37/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for BARK
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving BARK's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can BARK fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is BARK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for BARK to reach sustainable profitability?
•What future growth or profitability would be needed to justify BARK's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BARK
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-21.6x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on BARK.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Proprietary customer data and machine learning capabilities.
+Strong customer engagement through the 'Happy Team'.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Specialty Retail industry.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak24/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
92
Debt Cost4.9%
Debt Reduction YoY55.8%
Debt / Equity0.52x
Tap for breakdown →
Revenue
Poor
20
Revenue YoY-6.1%
Revenue CAGR-10.3%
Net Margin-8.4%
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Asset
Fair
55
Asset Growth YoY-34.8%
Liquidation/Share$8.84
Net Assets/MCap1.73x
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Capital
Poor
33
Earnings Yield-40.9%
Buyback Yield9.0%
Debt Cost4.9%
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Management
Poor
0
ROIC-41.7%
ROE-41.0%
ROA-18.5%
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Moat
Poor
13
EPS Growth—
FCF/Share Growth—
Rev/Share Growth-4.8%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
37
Revenue20
Moat13
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
24
Interest Coverage-21.6x
ROIC-41.7%
FCF Yield-34.8%
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Master
Poor
17
Financial24
Valuation0
Debt92
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Resilience
Poor
26
Survival Years0.7 yrs
Current Ratio1.86x
FCF Margin-6.7%
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Score Changes
5 historical score records available
Previous Score
24
Sep 9, 2026
Change
Unchanged
Current Score
24
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
BARK score was unchanged.
Projected Score
Projected Score
20
Projected Change
-4.5 points
Preliminary comparable-period financial changes suggest decline of approximately 4.5 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$8.30
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
Revenue
$370.8M
$394.8M
$484.2M
$490.2M
····
····
····
····
····
Cost of Revenue
$135.7M
$153.0M
$182.2M
$188.0M
····
····
····
····
····
Gross Profit
$235.1M
$241.9M
$302.0M
$302.2M
····
····
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
····
····
SG&A Expenses
$266.9M
$282.1M
$337.1M
$347.7M
····
····
····
····
····
Operating Expenses
$266.9M
$282.1M
$337.1M
$347.7M
····
····
····
····
····
EBITDA
-$21.7M
-$28.1M
-$18.9M
-$20.1M
····
····
····
····
····
Operating Income
-$31.8M
-$40.2M
-$35.1M
-$45.5M
····
····
····
····
····
Interest Expense
$1.1M
$1.9M
$2.8M
$4.4M
····
····
····
····
····
Income Before Tax
-$31.2M
-$39.0M
-$32.9M
-$37.0M
····
····
····
····
····
Income Tax Expense
$0.00
$0.00
$0.00
$0.00
····
····
····
····
····
Net Income
-$31.2M
-$39.0M
-$32.9M
-$37.0M
····
····
····
····
····
Basic EPS
$-3.61
$-4.52
$-3.80
$-4.20
····
····
····
····
····
Basic Shares
8.78M
8.62M
8.76M
8.86M
····
····
····
····
····
Diluted Shares
8.78M
8.62M
8.76M
8.86M
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included debt levels, net income margin. Pressure indicators included revenue growth, EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 23.4%. EPS declined 109.6%. Cash declined 81.0%. Total debt declined 56.8%. Net income margin improved by 7.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.