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Side-by-side financial comparison of Bark, Inc. (BARK) and Midland States Bancorp, Inc. (MSBI). Click either name above to swap in a different company.

Bark, Inc. is the larger business by last-quarter revenue ($98.4M vs $79.5M, roughly 1.2× Midland States Bancorp, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs -8.8%, a 32.0% gap on every dollar of revenue. Over the past eight quarters, Midland States Bancorp, Inc.'s revenue compounded faster (-6.4% CAGR vs -10.0%).

Flying Bark Productions Pty. Ltd. is an Australian entertainment and animation studio that is a subsidiary of Belgian production company Studio 100. The studio acts as a full-service production facility across feature films, television and an assorted range of digital content. The studio was established by Yoram and Sandra Gross in 1967 as Yoram Gross Film Studios, and its stake was acquired by Australian media group Village Roadshow in 1996 before their stake was sold to German media & enter...

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

BARK vs MSBI — Head-to-Head

Bigger by revenue
BARK
BARK
1.2× larger
BARK
$98.4M
$79.5M
MSBI
Higher net margin
MSBI
MSBI
32.0% more per $
MSBI
23.2%
-8.8%
BARK
Faster 2-yr revenue CAGR
MSBI
MSBI
Annualised
MSBI
-6.4%
-10.0%
BARK

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
BARK
BARK
MSBI
MSBI
Revenue
$98.4M
$79.5M
Net Profit
$-8.6M
$18.5M
Gross Margin
62.5%
Operating Margin
-9.1%
Net Margin
-8.8%
23.2%
Revenue YoY
-22.1%
Net Profit YoY
24.9%
739.3%
EPS (diluted)
$-0.05
$0.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BARK
BARK
MSBI
MSBI
Q1 26
$79.5M
Q4 25
$98.4M
$85.6M
Q3 25
$107.0M
$81.1M
Q2 25
$102.9M
$82.2M
Q1 25
$115.4M
$76.1M
Q4 24
$126.4M
$93.9M
Q3 24
$126.1M
$92.7M
Q2 24
$116.2M
$90.9M
Net Profit
BARK
BARK
MSBI
MSBI
Q1 26
$18.5M
Q4 25
$-8.6M
$-2.9M
Q3 25
$-10.7M
$7.6M
Q2 25
$-7.0M
$12.0M
Q1 25
$-6.1M
$-141.0M
Q4 24
$-11.5M
$-30.8M
Q3 24
$-5.3M
$20.4M
Q2 24
$-10.0M
$25.7M
Gross Margin
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
62.5%
Q3 25
57.9%
Q2 25
62.3%
Q1 25
63.6%
Q4 24
62.7%
Q3 24
60.4%
Q2 24
63.0%
Operating Margin
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
-9.1%
-5.5%
Q3 25
-10.0%
13.9%
Q2 25
-8.1%
18.1%
Q1 25
-5.7%
-181.2%
Q4 24
-9.7%
-66.5%
Q3 24
-4.5%
26.9%
Q2 24
-9.1%
35.0%
Net Margin
BARK
BARK
MSBI
MSBI
Q1 26
23.2%
Q4 25
-8.8%
-4.9%
Q3 25
-10.0%
9.3%
Q2 25
-6.8%
14.6%
Q1 25
-5.3%
-185.4%
Q4 24
-9.1%
-52.5%
Q3 24
-4.2%
22.1%
Q2 24
-8.6%
28.3%
EPS (diluted)
BARK
BARK
MSBI
MSBI
Q1 26
$0.74
Q4 25
$-0.05
$-0.22
Q3 25
$-0.06
$0.24
Q2 25
$-0.04
$0.44
Q1 25
$-0.03
$-6.58
Q4 24
$-0.07
$-1.49
Q3 24
$-0.03
$0.83
Q2 24
$-0.06
$1.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BARK
BARK
MSBI
MSBI
Cash + ST InvestmentsLiquidity on hand
$21.7M
$89.4M
Total DebtLower is stronger
$0
$33.2M
Stockholders' EquityBook value
$81.2M
$569.5M
Total Assets
$188.7M
$6.5B
Debt / EquityLower = less leverage
0.00×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BARK
BARK
MSBI
MSBI
Q1 26
$89.4M
Q4 25
$21.7M
$127.8M
Q3 25
$63.4M
$166.1M
Q2 25
$84.7M
$176.6M
Q1 25
$94.0M
$102.0M
Q4 24
$115.3M
$114.8M
Q3 24
$115.2M
$121.9M
Q2 24
$117.8M
$124.6M
Total Debt
BARK
BARK
MSBI
MSBI
Q1 26
$33.2M
Q4 25
$0
Q3 25
Q2 25
Q1 25
$42.6M
Q4 24
$42.5M
Q3 24
$40.1M
Q2 24
$40.0M
Stockholders' Equity
BARK
BARK
MSBI
MSBI
Q1 26
$569.5M
Q4 25
$81.2M
$565.5M
Q3 25
$86.5M
$584.0M
Q2 25
$94.0M
$573.7M
Q1 25
$99.5M
$571.4M
Q4 24
$113.0M
$710.8M
Q3 24
$123.6M
$771.2M
Q2 24
$128.1M
$736.8M
Total Assets
BARK
BARK
MSBI
MSBI
Q1 26
$6.5B
Q4 25
$188.7M
$6.5B
Q3 25
$248.0M
$6.9B
Q2 25
$260.0M
$7.1B
Q1 25
$260.6M
$7.3B
Q4 24
$292.2M
$7.5B
Q3 24
$301.6M
$7.7B
Q2 24
$287.7M
$7.7B
Debt / Equity
BARK
BARK
MSBI
MSBI
Q1 26
0.06×
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.43×
Q4 24
0.38×
Q3 24
0.32×
Q2 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BARK
BARK
MSBI
MSBI
Operating Cash FlowLast quarter
$1.7M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-36.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
$1.7M
$125.7M
Q3 25
$-18.1M
$80.0M
Q2 25
$-5.4M
$28.1M
Q1 25
$-10.3M
$24.7M
Q4 24
$-1.4M
$176.5M
Q3 24
$2.8M
$46.5M
Q2 24
$1.8M
$31.4M
Free Cash Flow
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
$1.6M
$120.3M
Q3 25
$-19.9M
$78.6M
Q2 25
$-6.1M
$26.7M
Q1 25
$-12.0M
$22.9M
Q4 24
$-2.0M
$169.6M
Q3 24
$966.0K
$44.4M
Q2 24
$-251.0K
$29.9M
FCF Margin
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
1.6%
140.6%
Q3 25
-18.6%
96.9%
Q2 25
-6.0%
32.4%
Q1 25
-10.4%
30.1%
Q4 24
-1.6%
180.6%
Q3 24
0.8%
47.9%
Q2 24
-0.2%
32.9%
Capex Intensity
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
0.1%
6.2%
Q3 25
1.7%
1.7%
Q2 25
0.7%
1.7%
Q1 25
1.5%
2.4%
Q4 24
0.5%
7.3%
Q3 24
1.4%
2.3%
Q2 24
1.8%
1.7%
Cash Conversion
BARK
BARK
MSBI
MSBI
Q1 26
Q4 25
Q3 25
10.58×
Q2 25
2.33×
Q1 25
Q4 24
Q3 24
2.28×
Q2 24
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BARK
BARK

Toys Accessories$46.0M47%
Consumables$30.2M31%
Commerce Segment$18.9M19%
Other$3.4M3%

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

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