BARK, Inc., a leading global omnichannel dog brand, reported its financial results for the fiscal fourth quarter and full year ending March 31, 2025. The company's total revenue for the fourth quarter was $115.4 million, a decrease of 5.0% compared to the previous year. However, commerce revenue saw a significant increase of 26.5%, reaching $15.4 million. The gross margin improved by 80 basis points to 63.6%. The company recorded a net loss of $6.1 million for the quarter, an increase of $1.2 million year-over-year, primarily due to a $1.5 million non-cash impairment of capitalized software costs related to technology platform modernization. Adjusted EBITDA for the quarter was $5.2 million, marking a $3.0 million improvement. For the full fiscal year 2025, BARK's total revenue was $484.2 million, down 1.2% from the previous year. Direct to Consumer revenue was $415.8 million, a 4.7% decrease, with $5.8 million attributed to BARK Air. Commerce revenue for the year rose by 27.2% to $68.3 million. The gross profit slightly decreased by 0.1% to $302.0 million, while the gross margin improved to 62.4% from 61.6% the prior year. BARK's Adjusted EBITDA for the full year was $5.2 million, exceeding the company's guidance range of $0.9 million to $4.9 million. Net cash used in operating activities was $10.3 million, with free cash flow at $(12.0) million, primarily influenced by working capital timing. BARK is focused on maintaining its positive Adjusted EBITDA and is investing in new product lines, channels, and services, including BARK Air, while operating with a leaner model to deliver long-term value. The company has not provided guidance for Net Loss due to the variability of certain items.