Bark, Inc.

BARK
Country: United StatesPrice: $9.27Market Cap: $82.6M

Investment snapshot

18%positive consensus
Scored 1d ago

Positive

3

BUY / PASS

Neutral / negative

1 / 12

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

10 of 12 pass — Buffett and Marks object

Key risk

No clean pass — all 13 investors flag at least one valuation criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #2715 (Top 87.7%)PASSFAILPASSFAILFAILFAILFAILPASSFAILFAILFAILFAILNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Annual history · FY 2025

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-06-10

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-06-10

Score computed: 2026-11-14

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage83% pass✓ 13✗ 2▾

    10 of 12 pass — Buffett and Marks object

    LT Debt vs Net Current AssetsLT Debt $0.0M vs NCA $56.3M
    ✓GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.00, IC: -21.1x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0
    ✓Lynch< 0.33
    Cash - Long-term Debt$19.3M
    ✓LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.89
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-21.1x, D/EBITDA=0.0x (no debt)
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Valuation0% pass✓ 6✗ 22▾

    No clean pass — all 13 investors flag at least one valuation criterion

    Price / Book Value per Share1.0x
    ✓Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio1.0x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-63.4%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-63.4%, ROC=-74.1%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Valuation ReasonablenessOE Yield=-46.0%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-32.2%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=1.0x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price vs. Trailing Low113% of trailing low ($8.20)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-29.55%; #4795/6340 (top 75.6%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.8737; #1738/6449 (top 26.9%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share1.03x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+4.2537; #621/5247 (top 11.8%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+0.57%; #2452/4519 (top 54.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-8.13%; #3319/6202 (top 53.5%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Growth0% pass✓ 1✗ 12▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -28.3% vs Rev: -22.2%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency0/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-8.4%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 61.6% -> 61.3%, operating margin -9.3% -> -10.2%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR0.8%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Profitability6% pass✓ 4✗ 31▾

    15 of 16 flag BARK's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)0/8 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)0/8 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-36.3%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-10.2% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-33.3M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-33.8%
    ✗Lynch> 15%
    EBIT / Enterprise Value-63.4%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-63.4%, ROC=-74.1%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-22.95%
    ✗PiotroskiROA > 0
    ROA Change YoY-12.61% -> -22.95% (delta: -10.33%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-13.62%, ROA=-22.95%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY62.4% -> 61.3%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue-6.9%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-33.8%
    ✗Dreman> 12%
    Margin of SafetyP/B=1.0x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-37.9% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency0/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-7.5%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-33.8%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-9.3% (2023) -> -10.2% (2025)
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 61.6% -> 61.3%, operating margin -9.3% -> -10.2%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-29.55%; #4795/6340 (top 75.6%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+127.36%; #90/3702 (top 2.4%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity-33.82%; #3965/5226 (top 75.9%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0382; #2225/5884 (top 37.8%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years0/7 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts19% pass✓ 3✗ 13▾

    Split decision: 12 FAIL · 3 PASS · 1 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (3/9)✗BuffettFAIL (1/9)✗LynchFAIL (4/7)✗GreenblattRank #2715✓PiotroskiPASS (F-Score 4)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (2/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)✓TempletonPASS (4/8)✗SleepFAIL (1/6)✗AsnessFAIL (Rank #1320/2370 (Top 55.7%))✗NeffFAIL (2/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Cash Flow20% pass✓ 3✗ 9▾

    8 of 10 flag BARK's cash flow — Buffett, Piotroski, Dreman +5 more

    Free Cash Flow Proxy$-33.3M
    ✗BuffettPositive and growing
    FCF Positive and Growing$0.5M
    ✓LynchPositive and growing
    Operating Cash Flow$-23.2M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-13.62%, ROA=-22.95%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-32.2%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive0/6 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap0.6%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency2/7 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$0.5M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+0.57%; #2452/4519 (top 54.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Efficiency25% pass✓ 3✗ 8▾

    6 of 8 flag BARK's efficiency — Graham, Buffett, Greenblatt +3 more

    Current Ratio1.89
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-66.4%
    ✗Buffett> 10%
    ROIC - WACC-76.4%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)-74.1%
    ✗Greenblatt> 25%
    Current Ratio Change YoY1.63 -> 1.86
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY1.86x -> 2.32x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities1.89
    ✓Dreman> 1.5
    Return on Invested Capital-44.1%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-20.1%; FY2024: ROIC=-19.5%; FY2025: ROIC=-44.1%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest -44.1%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Retail
SIC Sector: Miscellaneous Retail
Size: Micro Cap($82.6M)
Revenue: $394.8M-18.5% YoY
Net Income: $39.0M-18.6% YoY

Financial Snapshot

Operating Margin-10.2%
Return on Equity-54.2%
Debt / Equity0.00
Current Ratio1.86
EPS (Diluted)$-4.57
Buybacks (1y)$1.8M
Buybacks (2y)$20.3M

Similar Companies

COSTCOSTCO WHOLESALE CORP /NEW
$490.2B
HDHOME DEPOT, INC.
$347.9B
TJXTJX COMPANIES INC /DE/
$148.4B
FASTFASTENAL CO
$63.3B

Shareholder Return

Fiscal 2025

Share retirement not available for this company.

Buybacks
$1.8M
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex, buybacks, revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense.

Q2 FY 2027

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex, buybacks.

Q1 FY 2027

2026-04-01 – 2026-06-30

Sources
FY 2025
Sources
  • 10-K · 2026-06-10
FY 2024
Sources
  • 10-K · 2025-06-04
FY 2023
Sources
  • 10-K · 2024-06-03
FY 2022
Sources
  • 10-K · 2023-06-01
FY 2021
Sources
  • 10-K · 2022-05-31
Market Cap$82.6Mcurrent----$7.0Mest.$317.4Mest.$3.5Best.$7.2Best.$13.2Best.
Revenue$351.4M↓22%$87.6M↓18%$78.8M↓23%$394.8M↓18%$484.2M↓1%$490.2M↓8%$535.3M↑6%$507.4M
Operating Income-$26.3M↑31%-$5.2M↑51%$66.0K↑101%-$40.2M↓14%-$35.1M↑23%-$45.5M↑29%-$63.8M↑32%-$94.2M
Net Income-$24.4M↑31%-$3.8M↑64%$745.0K↑111%-$39.0M↓19%-$32.9M↑11%-$37.0M↑40%-$61.5M↑10%-$68.3M
EPS (Diluted)--$-0.43↓617%$0.08↑300%$-4.57↓2305%$-0.19↑10%$-0.21↑40%$-0.35↑20%$-0.44
Gross Margin64.0%↑4%58.9%↑2%72.7%↑17%61.3%↓2%62.4%↑1%61.6%↑7%57.6%↑4%55.6%
Operating Margin-7.5%↑11%-5.9%↑41%0.1%↑101%-10.2%↓40%-7.3%↑22%-9.3%↑22%-11.9%↑36%-18.6%
ROE-33.8%↑17%——-54.2%↓64%-33.0%↓24%-26.6%↑26%-36.1%↓15%-31.5%
Total Debt------$0↓100%$42.6M↑7%$39.9M↓51%$81.2M↑6%$76.8M
Shareholders' Equity$72.2M↓17%$72.2M↓17%$76.2M↓19%$72.0M↓28%$99.5M↓29%$139.4M↓18%$170.5M↓21%$217.1M
Current Ratio1.89↑24%1.89↑24%2.02↑31%1.86↑15%1.63↓45%2.94↓6%3.14↓7%3.39
Debt / Equity———0.00↓100%0.43↑49%0.29↓40%0.48↑35%0.35
Operating Cash Flow$1.5M↑104%$4.7M↑126%-$3.5M↑35%-$23.2M↓227%-$7.1M↓217%$6.1M↑29%$4.7M↑103%-$172.3M
Free Cash Flow$467.0K↑101%$4.6M↑123%-$3.7M↑41%-$26.6M↓101%-$13.2M↓378%-$2.8M↑83%-$16.6M↑91%-$193.5M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Retail

BARK vs Peers — Financial Grading

Revenue$394.8MBottom 25%
Net Income$39.0MBottom 25%
ROE-54.2%Bottom 25%
D/E0.00Top 25%
Op. Margin-10.2%Bottom 25%
Curr. Ratio1.86Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
COSTCO WHOLESALE CORP /NEWCOST$490.2B$1106.21$275.2B$8.1B27.8%0.203.8%1.032/95/96/71/3F-Score 63/11
HOME DEPOT, INC.HD$347.9B$348.69$164.7B$14.2B110.5%4.0012.7%1.063/95/93/71/3F-Score 43/11
TJX COMPANIES INC /DE/TJX$148.4B$134.37$60.4B$5.5B53.9%0.28—1.143/96/97/71/3F-Score 74/11
FASTENAL COFAST$63.3B$55.19$8.2B$1.3B31.9%0.0320.2%4.854/97/95/71/3F-Score 75/11
AUTOZONE INCAZO$52.5B$3259.70$18.9B$2.5B-73.2%-2.6119.1%0.883/96/92/71/3F-Score 64/11
KROGER COKR$41.8B$70.80$147.6B$1.0B17.1%2.681.3%0.803/94/93/70/3F-Score 73/11
WILLIAMS SONOMA INCWSM$29.9B$254.05$7.8B$1.1B52.3%—18.1%1.393/96/93/71/3F-Score 53/11
CASEYS GENERAL STORES INCCASY$26.3B$712.08$17.6B$714.4M18.1%0.62—1.013/93/92/70/3F-Score 93/11