BARK, Inc.
BARK Consumer Cyclical Specialty Retail
BARK, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $394.8 million, down 18.5% from fiscal 2025. In the quarter to June 2026, revenue fell 23.4%, EPS grew 110.0% and free cash flow grew 40.6%, each against the same quarter a year earlier.
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BARK, Inc. (BARK) Altman Z-score
BARK, Inc.'s Altman Z-score for fiscal 2026 is −0.98, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −0.98 | (1.61) |
| FY2025 | 0.63 | (0.30) |
| FY2024 | 0.93 | (0.11) |
| FY2023 | 1.03 | (0.93) |
| FY2022 | 1.97 | 0.50 |
| FY2021 | 1.46 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.40 | |
| Retained earnings / total assets | (2.46) | — | −3.45 | |
| EBIT / total assets | (0.24) | — | −0.78 | |
| Market value of equity / total liabilities | 0.88 | — | 0.53 | |
| Sales / total assets | 2.32 | — | 2.32 | |
| Altman Z-score | Distress zone | −0.98 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.67 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PTLE PTL Limited compare | 54.5× |
| HTLM HomesToLife Ltd compare | 4.5× |
| ABLV Able View Global Inc. compare | 4.3× |
| ZOOZ ZOOZ Strategy Ltd. compare | 2.2× |
| GRWG GrowGeneration Corp. compare | −0.4× |
| BARK BARK, Inc. | −1.0× |
| NAAS NaaS Technology Inc. Sponsored ADR compare | −44.8× |
| SPWH Sportsman's Warehouse Holdings, Inc. compare | — |
| NPT Texxon Holding Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets