BARK Q1 Revenue Drops 23% to $78.8M, Guides Q2 Below Last Year
BARK sits 25% above its 52-week low of $8.15 on light trading volume (0.4× avg).
Summary
BARK's fiscal Q1 revenue fell 23% year-over-year to $78.8 million, driven by a smaller direct-to-consumer subscriber base. The top line narrowly beat the $77.63 million consensus, but the decline underscores ongoing demand weakness. Net income turned positive at $750,000, though this was aided by a one-time tariff refund. Management guided Q2 revenue to $83–$85 million, well below the $107 million reported a year ago, while reiterating the full-year outlook of $325–$340 million. The stock, with a market cap around $83 million, faces continued pressure from subscriber attrition, though improved retention and BARK Air growth offer some offset. This follows the Q4 miss and guidance cut in June, reinforcing a pattern of shrinking revenue.
At the time of this announcement, BARK was trading at $10.18 on NYSE in the Trade & Services sector, with a market capitalization of approximately $82.7M. The 52-week trading range was $8.15 to $20.79. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.