BARK (BARK) Q4 FY26 earnings call

BARK deliberately traded top-line for durability, delivering a second straight profitable year on a leaner cost base and a diversified supply chain while pivoting from the subscription box toward a deeper 'relationship commerce' model. FY27 guides to a lower revenue base but stepped-up profitability and free cash flow, leaning on Commerce and Air to offset a shrinking but higher-quality D2C base.