Bark announces additional $4M stock repurchase authorization

Bark (BARK) announced that its Board of Directors has authorized the repurchase of an additional $4M of its outstanding common stock. As of December 31 $5.6M remained under the Company’s previous repurchase authorizations of $22.5M. The newly authorized $4M increases the Company’s flexibility for future repurchases in the near term. This decision reflects the Company’s strong financial position, promising growth opportunities for Fiscal 2026, and confidence in its future cash outlook. “Over the past few years, we have made significant strides strengthening our platform, streamlining operations, and assembling an exceptional leadership team,” said Zahir Ibrahim, Chief Financial Officer. “This progress, combined with our strong balance sheet and confidence in Fiscal 2026, has enabled us to repurchase over 11 million shares at an average price of $1.53 as of our most recent earnings call. We believe our progress has yet to be fully reflected in our share price, and therefore, we plan to continue to opportunistically repurchase shares at these levels. This authorization provides us with increased repurchase capacity while maintaining the financial flexibility to invest in long-term growth. Overall, we remain laser-focused on delivering long-term shareholder value, and today’s announcement supports that commitment.”