Bark Inc. reported total revenue of $107.0 million for the fiscal second quarter ended September 30, 2025, exceeding its guidance range of $102.0 million to $105.0 million. Commerce revenue reached $24.8 million, up 5.6% year-over-year, while BARK Air revenue was $3.6 million, an increase of 138.0%. Total revenue declined 15.2% from the prior year due to fewer total orders, with the company carrying fewer subscriptions into the quarter. Net loss was $(10.7) million, compared to $(5.3) million last year. Adjusted EBITDA was $(1.4) million, within the company's guidance range. Bark Inc. repaid its $45 million convertible note, becoming debt-free, and extended its $35 million line of credit. For the third quarter of fiscal 2026, the company expects total revenue between $101.0 million and $104.0 million and adjusted EBITDA between $(5.0) million and $(1.0) million.