Fundies.
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PetMed Express, Inc.

EDGAR
PETS Quarterly report (10-Q) · filed 2026-08-13

Annual consolidated revenue for 2026: about USD 179M, using the latest reported figures. The previous period, 2025, was about USD 227M.

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Latest quarter

Revenue

41 million USD

2027 Q1 · USD

Exact inputs and evidence

Operating margin

-15.19%

2027 Q1 · %

Exact inputs and evidence
  • Operating Income: -6232000 USD Source
  • Revenue: 41015000 USD Source

Operating cash flow

-7.69 million USD

2027 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -7687000 USD Source

Free cash flow

-8.33 million USD

2027 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -7687000 USD Source
  • Capital Expenditure: 641000 USD Source
Cash and cash equivalents
13.1 million USD Source
Exact value

13100000 USD

Long-term debt including current maturities
Not available
Shares outstanding
21.7 million shares Source
Exact value

21682381 shares

Reported share-count change

4.07% · 847 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 20835210 shares · 2025-06-30· Source
  • 21682381 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

169 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 44364000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 40660000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 179021000 USD · 2025-04-01 – 2026-03-31 Source
  • Revenue: 136204000 USD · 2025-04-01 – 2025-12-31 Source
  • Revenue: 41015000 USD · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-13.

Financial data available through: 2026-03-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2026-03-31
  • Operating income: 10 of 11 periods available· newest 2026-03-31
  • Net income: 10 of 11 periods available· newest 2026-03-31
  • Operating cash flow: 10 of 11 periods available· newest 2026-03-31
  • Capital expenditure: 10 of 11 periods available· newest 2026-03-31
  • Total assets: 6 of 11 periods available· newest 2026-03-31
  • Total liabilities: 6 of 11 periods available· newest 2026-03-31
  • Current assets: 6 of 11 periods available· newest 2026-03-31
  • Current liabilities: 6 of 11 periods available· newest 2026-03-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2026-03-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 6 of 11 periods available· newest 2026-03-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -21.1%

    Prior period

    USD 226.97 million

    –

    Current period

    USD 179.02 million

    –

    Exact inputs and evidence

    179021000 − 226972000 = -47951000 USD

    226972000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    179021000 USD · 2025-04-01 – 2026-03-31

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  • Net income

    −USD 51.02 million

    Prior period

    −USD 6.27 million

    –

    Current period

    −USD 57.29 million

    –

    Exact inputs and evidence

    -57286000 − -6271000 = -51015000 USD

    -6271000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    -57286000 USD · 2025-04-01 – 2026-03-31

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  • Operating cash flow

    -701.8%

    Prior period

    USD 4.72 million

    –

    Current period

    −USD 28.39 million

    –

    Exact inputs and evidence

    -28394000 − 4718000 = -33112000 USD

    4718000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    -28394000 USD · 2025-04-01 – 2026-03-31

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  • Capital expenditure

    -9.7%

    Prior period

    USD 5.11 million

    –

    Current period

    USD 4.62 million

    –

    Exact inputs and evidence

    4615000 − 5113000 = -498000 USD

    5113000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    4615000 USD · 2025-04-01 – 2026-03-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-04-01 – 2026-03-31

  • Revenue USD 179.02 million 100% of revenue
  • Cost of revenue USD 128.81 million 72% of revenue
  • Operating expenses USD 108.89 million 61% of revenue
  • Operating income −USD 58.67 million −33% of revenue
  • Tax, interest and other Derived −USD 1.39 million −0.8% of revenue
  • Net income −USD 57.29 million −32% of revenue

Cash

  • Operating cash flow −USD 28.39 million −16% of revenue
  • Capital expenditure USD 4.62 million 2.6% of revenue
  • Free cash flow Derived −USD 33.01 million −18% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 98%
  • 2024 Operating loss: operating costs were 103% of revenue.
  • 2025 Operating loss: operating costs were 101% of revenue.
  • 2026 Operating loss: operating costs were 133% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2022-04-01 – 2023-03-31247569000 241518000 Derived 6051000 911000 Derived 5140000 22543000 Derived
Source
2024 2023-04-01 – 2024-03-31274095000 282257000 Derived -8162000 -698000 Derived -7464000 -194000 Derived
Source
2025 2024-04-01 – 2025-03-31226972000 228502000 Derived -1530000 4741000 Derived -6271000 -395000 Derived
Source
2026 2025-04-01 – 2026-03-31179021000 237694000 Derived -58673000 -1387000 Derived -57286000 -33009000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 179M 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.296.0M222.0M148.0M74.0M0.02023202420252026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Revenue247569000
2024Revenue274095000
2025Revenue226972000
2026Revenue179021000

Revenue growth

Change in revenue from the same financial period one year earlier.

-21.1% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.3%4.0%-5.2%-14.4%-23.7%2023202420252026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year10.7%
2025Year over year-17.2%
2026Year over year-21.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -32.8% 2026
Net margin -32% 2026
Free cash flow margin -18.4% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12%0%-12%-24%-36%2023202420252026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin2.4%
2024Operating margin-3%
2025Operating margin-0.7%
2026Operating margin-32.8%
2023Net margin2.1%
2024Net margin-2.7%
2025Net margin-2.8%
2026Net margin-32%
2023Free cash flow margin9.1%
2024Free cash flow margin-0.1%
2025Free cash flow margin-0.2%
2026Free cash flow margin-18.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -28.4M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32.3M16.0M-295.5K-16.6M-32.9M2023202420252026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Operating cash flow27803000
2024Operating cash flow4317000
2025Operating cash flow4718000
2026Operating cash flow-28394000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -33M 2026
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27.0M10.9M-5.2M-21.3M-37.5M2023202420252026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Free cash flow22543000
2024Free cash flow-194000
2025Free cash flow-395000
2026Free cash flow-33009000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

64.4% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.70%52%35%17%0%2023202420252026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023Liabilities / assets34.3%
2024Liabilities / assets43.1%
2025Liabilities / assets42.7%
2026Liabilities / assets64.4%

Current assets to current liabilities

Current assets divided by current liabilities.

0.84× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.45×1.84×1.22×0.61×0.00×2023202420252026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023Current assets / current liabilities2.27×
2024Current assets / current liabilities1.3×
2025Current assets / current liabilities1.26×
2026Current assets / current liabilities0.84×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-04-01 – 2016-03-31
USD 20.57 million
Exact value

Exact value: 20567000 USD

2015-04-01 – 2016-03-31: 20567000 USD Inspect Net Income Open source
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USD 21.05 million
Exact value

Exact value: 21053000 USD

2015-04-01 – 2016-03-31: 21053000 USD Inspect Operating Cash Flow Open source
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USD 20.13 million
Exact value

Exact value: 20130000 USD

2015-04-01 – 2016-03-31: 20130000 USD Inspect Capital Expenditure Open source
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USD 923,000
Calculation and evidence

21053000 − 20130000 USD

Exact free cash flow: 923000 USD

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2017 2016-04-01 – 2017-03-31
USD 23.82 million
Exact value

Exact value: 23819000 USD

2016-04-01 – 2017-03-31: 23819000 USD Inspect Net Income Open source
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USD 47.2 million
Exact value

Exact value: 47204000 USD

2016-04-01 – 2017-03-31: 47204000 USD Inspect Operating Cash Flow Open source
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USD 10.6 million
Exact value

Exact value: 10604000 USD

2016-04-01 – 2017-03-31: 10604000 USD Inspect Capital Expenditure Open source
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USD 36.6 million
Calculation and evidence

47204000 − 10604000 USD

Exact free cash flow: 36600000 USD

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2019 2018-04-01 – 2019-03-31
USD 37.74 million
Exact value

Exact value: 37740000 USD

2018-04-01 – 2019-03-31: 37740000 USD Inspect Net Income Open source
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USD 45.14 million
Exact value

Exact value: 45138000 USD

2018-04-01 – 2019-03-31: 45138000 USD Inspect Operating Cash Flow Open source
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USD 620,000
Exact value

Exact value: 620000 USD

2018-04-01 – 2019-03-31: 620000 USD Inspect Capital Expenditure Open source
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USD 44.52 million
Calculation and evidence

45138000 − 620000 USD

Exact free cash flow: 44518000 USD

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2020 2019-04-01 – 2020-03-31
USD 25.85 million
Exact value

Exact value: 25851000 USD

2019-04-01 – 2020-03-31: 25851000 USD Inspect Net Income Open source
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USD 38.84 million
Exact value

Exact value: 38844000 USD

2019-04-01 – 2020-03-31: 38844000 USD Inspect Operating Cash Flow Open source
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USD 2.31 million
Exact value

Exact value: 2311000 USD

2019-04-01 – 2020-03-31: 2311000 USD Inspect Capital Expenditure Open source
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USD 36.53 million
Calculation and evidence

38844000 − 2311000 USD

Exact free cash flow: 36533000 USD

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2021 2020-04-01 – 2021-03-31
USD 23.92 million
Exact value

Exact value: 23919000 USD

2020-04-01 – 2021-03-31: 23919000 USD Inspect Net Income Open source
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USD 40.08 million
Exact value

Exact value: 40075000 USD

2020-04-01 – 2021-03-31: 40075000 USD Inspect Operating Cash Flow Open source
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USD 2.43 million
Exact value

Exact value: 2432000 USD

2020-04-01 – 2021-03-31: 2432000 USD Inspect Capital Expenditure Open source
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USD 37.64 million
Calculation and evidence

40075000 − 2432000 USD

Exact free cash flow: 37643000 USD

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2022 2021-04-01 – 2022-03-31
USD 18.72 million
Exact value

Exact value: 18716000 USD

2021-04-01 – 2022-03-31: 18716000 USD Inspect Net Income Open source
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USD 18.5 million
Exact value

Exact value: 18498000 USD

2021-04-01 – 2022-03-31: 18498000 USD Inspect Operating Cash Flow Open source
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USD 1.75 million
Exact value

Exact value: 1752000 USD

2021-04-01 – 2022-03-31: 1752000 USD Inspect Capital Expenditure Open source
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USD 16.75 million
Calculation and evidence

18498000 − 1752000 USD

Exact free cash flow: 16746000 USD

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2023 2022-04-01 – 2023-03-31
USD 5.14 million
Exact value

Exact value: 5140000 USD

2022-04-01 – 2023-03-31: 5140000 USD Inspect Net Income Open source
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USD 27.8 million
Exact value

Exact value: 27803000 USD

2022-04-01 – 2023-03-31: 27803000 USD Inspect Operating Cash Flow Open source
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USD 5.26 million
Exact value

Exact value: 5260000 USD

2022-04-01 – 2023-03-31: 5260000 USD Inspect Capital Expenditure Open source
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USD 22.54 million
Calculation and evidence

27803000 − 5260000 USD

Exact free cash flow: 22543000 USD

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2024 2023-04-01 – 2024-03-31
−USD 7.46 million
Exact value

Exact value: -7464000 USD

2023-04-01 – 2024-03-31: -7464000 USD Inspect Net Income Open source
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USD 4.32 million
Exact value

Exact value: 4317000 USD

2023-04-01 – 2024-03-31: 4317000 USD Inspect Operating Cash Flow Open source
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USD 4.51 million
Exact value

Exact value: 4511000 USD

2023-04-01 – 2024-03-31: 4511000 USD Inspect Capital Expenditure Open source
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−USD 194,000
Calculation and evidence

4317000 − 4511000 USD

Exact free cash flow: -194000 USD

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2025 2024-04-01 – 2025-03-31
−USD 6.27 million
Exact value

Exact value: -6271000 USD

2024-04-01 – 2025-03-31: -6271000 USD Inspect Net Income Open source
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USD 4.72 million
Exact value

Exact value: 4718000 USD

2024-04-01 – 2025-03-31: 4718000 USD Inspect Operating Cash Flow Open source
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USD 5.11 million
Exact value

Exact value: 5113000 USD

2024-04-01 – 2025-03-31: 5113000 USD Inspect Capital Expenditure Open source
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−USD 395,000
Calculation and evidence

4718000 − 5113000 USD

Exact free cash flow: -395000 USD

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2026 2025-04-01 – 2026-03-31
−USD 57.29 million
Exact value

Exact value: -57286000 USD

2025-04-01 – 2026-03-31: -57286000 USD Inspect Net Income Open source
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−USD 28.39 million
Exact value

Exact value: -28394000 USD

2025-04-01 – 2026-03-31: -28394000 USD Inspect Operating Cash Flow Open source
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USD 4.62 million
Exact value

Exact value: 4615000 USD

2025-04-01 – 2026-03-31: 4615000 USD Inspect Capital Expenditure Open source
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−USD 33.01 million
Calculation and evidence

-28394000 − 4615000 USD

Exact free cash flow: -33009000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

113 filings · 5,018 latest values · 5,018 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001040130, 1040130, PETS, edgar:1040130, pets

Also known as PETMED EXPRESS INC, PETMED EXPRESS, INC., PetMed Express, Inc.