BuybackJun 9, 2026, 04:16 PM
Bark Announces $40 Million Share Buyback Program
AI Summary
Bark, Inc. announced a $40 million stock repurchase program. The company reported a decrease in revenue and a wider net loss for its fiscal year ended March 31, 2026, attributing the revenue decline to a deliberate reduction in marketing investment. Despite the financial challenges, Bark expects its Adjusted EBITDA to improve in fiscal year 2027.
Key Highlights
- Bark, Inc. announced a $40 million stock repurchase program funded by free cash flow.
- Fiscal Year 2026 revenue decreased 18.5% year-over-year to $394.8 million.
- Net loss for Fiscal Year 2026 widened to $39.0 million from $32.9 million in the prior year.
- Adjusted EBITDA for Fiscal Year 2026 was $0.2 million, down from $5.4 million in the prior year.
- Direct to Consumer (DTC) revenue decreased 21.9% to $324.9 million for Fiscal Year 2026.
- Commerce revenue increased 2.3% to $69.9 million for Fiscal Year 2026.
- Company expects Fiscal Year 2027 revenue between $325.0 million and $340.0 million.
- Company expects Fiscal Year 2027 Adjusted EBITDA between $7.0 million and $10.0 million.
Price Impact