BARK exits debt-free but burns 79% of cash; cuts 28% of workforce, exits kibble & dental

Filed June 10, 2026 · Period ending March 31, 2026 · Compared to 10-K Jun 4, 2025 · ~1 min read

Key Changes

• high

  Cash fell from $94M to $19M (79% drop) after repaying $42.9M in convertible notes and burning $26.6M in negative free cash flow. Company states liquidity is sufficient for next 12 months.

  MD&A: Liquidity verify on EDGAR →
• high

  Discontinued kibble, dental (BARK Bright), and certain treat lines in January 2026, recording $2.8M in exit costs. Strategic shift narrows focus to core toy products and away from consumables.

  MD&A: Product Strategy verify on EDGAR →
• high

  Headcount cut 27.5% from 691 to 501 employees, with reductions across all functions including 112 fewer customer service reps, 20 fewer engineers, and 73 fewer marketing/G&A staff.

  MD&A: Employees verify on EDGAR →