NASDAQ : PETS
PetMed Express, Inc. — Financial statements
Healthcare · Pharmaceutical Retailers · United States
Last price 1.18 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 24.84M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
PetMed Express, Inc. (PETS) reported revenue of 168.86M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 168.86M | 179.02M | 226.97M | 274.10M | 247.57M | 272.28M |
| Cost of Revenue | 121.71M | 128.81M | 157.84M | 189.33M | 171.07M | 195.34M |
| Gross Profit | 47.15M | 50.22M | 69.14M | 84.77M | 76.50M | 76.94M |
| Selling, General & Admin | 65.73M | 69.22M | 71.57M | 85.25M | 65.70M | 49.91M |
| Other Operating Expenses | -1.18M | -1.09M | 344.00K | |||
| Operating Expenses | 74.99M | 78.60M | 77.43M | 91.22M | 69.59M | 52.65M |
| Operating Income | -27.84M | -28.39M | -8.29M | -6.45M | 6.92M | 24.29M |
| Interest Expense | -140.00K | -1.13M | ||||
| Interest & Investment Income | 511.00K | 511.00K | 185.00K | 511.00K | 450.00K | |
| Other Non Operating Income (Expenses) | 1.05M | 803.00K | 758.00K | 1.38M | 944.00K | 1.03M |
| EBT Excluding Unusual Items | -26.41M | -27.07M | -7.35M | -4.56M | 8.31M | 24.18M |
| Merger & Restructuring Charges | -1.70M | -1.70M | -1.20M | -500.00K | ||
| Impairment of Goodwill | -27.26M | -1.20M | ||||
| Other Unusual Items | -1.23M | -1.33M | 7.96M | -512.00K | -364.00K | |
| Pretax Income | -29.35M | -57.36M | -587.00K | -6.27M | 7.45M | 24.18M |
| Income Tax Expense | -69.00K | -73.00K | 5.68M | 1.19M | 2.31M | 5.47M |
| Net Income | -29.28M | -57.29M | -6.27M | -7.46M | 5.14M | 18.72M |
| Net Income to Common | -29.28M | -57.29M | -6.27M | -7.46M | 5.14M | 18.72M |
| Shares Outstanding (Basic) | 21.15M | 20.92M | 20.60M | 20.40M | 20.27M | 20.18M |
| Shares Outstanding (Diluted) | 21.15M | 20.92M | 20.60M | 20.40M | 20.34M | 20.36M |
| EPS (Basic) | -1.38 | -2.74 | -0.30 | -0.37 | 0.25 | 0.93 |
| EPS (Diluted) | -1.38 | -2.74 | -0.30 | -0.37 | 0.25 | 0.92 |
| Free Cash Flow | -27.77M | -33.01M | -395.00K | -194.00K | 22.54M | 16.75M |
| Free Cash Flow Per Share | -1.31 | -1.58 | -0.02 | -0.01 | 1.11 | 0.82 |
| Dividend Per Share | 0.60 | 1.20 | 1.20 | |||
| Gross Margin | 27.92% | 28.05% | 30.46% | 30.93% | 30.90% | 28.26% |
| Operating Margin | -16.49% | -15.86% | -3.65% | -2.35% | 2.79% | 8.92% |
| Profit Margin | -17.34% | -32.00% | -2.76% | -2.72% | 2.08% | 6.87% |
| Free Cash Flow Margin | -16.45% | -18.44% | -0.17% | -0.07% | 9.11% | 6.15% |
| EBITDA | -18.59M | -19.00M | -1.25M | 606.00K | 10.46M | 27.03M |
| EBITDA Margin | -11.01% | -10.61% | -0.55% | 0.22% | 4.23% | 9.93% |
| D&A For EBITDA | 9.25M | 9.39M | 7.04M | 7.06M | 3.55M | 2.74M |
| EBIT | -27.84M | -28.39M | -8.29M | -6.45M | 6.92M | 24.29M |
| EBIT Margin | -16.49% | -15.86% | -3.65% | -2.35% | 2.79% | 8.92% |
| Effective Tax Rate | 30.96% | 22.61% | ||||
| Advertising Expenses | 21.51M | 23.78M | 30.63M | 25.19M | 18.80M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.08M | 21.41M | 54.72M | 55.30M | 104.09M | 111.08M |
| Cash & Short-Term Investments | 13.08M | 21.41M | 54.72M | 55.30M | 104.09M | 111.08M |
| Receivables | 1.71M | 1.91M | 2.32M | 3.28M | 1.74M | 1.91M |
| Inventory | 8.47M | 13.61M | 16.20M | 28.56M | 19.02M | 32.45M |
| Prepaid Expenses | 4.26M | 6.38M | 5.33M | 6.33M | 4.72M | 4.87M |
| Other Current Assets | 96.00K | 258.00K | 299.00K | 188.00K | 863.00K | 681.00K |
| Total Current Assets | 27.61M | 43.56M | 78.87M | 93.65M | 130.43M | 151.00M |
| Property, Plant & Equipment | 25.61M | 26.84M | 29.82M | 28.09M | 26.18M | 24.46M |
| Long-Term Investments | 5.30M | 5.30M | 5.30M | 5.00M | ||
| Goodwill | 26.66M | 26.66M | ||||
| Other Intangible Assets | 5.25M | 5.49M | 8.05M | 11.20M | 860.00K | 860.00K |
| Long-Term Deferred Tax Assets | 4.99M | 5.01M | 3.38M | |||
| Total Assets | 63.76M | 81.19M | 148.70M | 169.88M | 167.48M | 179.70M |
| Accounts Payable | 12.30M | 20.91M | 23.56M | 37.02M | 25.21M | 27.50M |
| Accrued Expenses | 27.26M | 27.76M | 34.64M | 28.44M | 29.16M | 26.38M |
| Current Portion of Leases | 414.00K | 493.00K | 461.00K | 459.00K | ||
| Current Income Taxes Payable | 20.00K | 80.00K | ||||
| Current Unearned Revenue | 629.00K | 2.63M | 3.77M | 4.45M | 1.66M | 1.62M |
| Other Current Liabilities | 229.00K | 251.00K | 1.78M | 1.48M | 748.00K | |
| Total Current Liabilities | 40.60M | 52.03M | 62.77M | 72.16M | 57.51M | 56.25M |
| Long-Term Leases | 42.00K | 535.00K | 995.00K | |||
| Long-Term Deferred Tax Liabilities | 175.00K | 175.00K | 263.00K | |||
| Total Liabilities | 40.77M | 52.25M | 63.57M | 73.15M | 57.51M | 56.25M |
| Common Stock | 22.00K | 21.00K | 21.00K | 21.00K | 21.00K | 21.00K |
| Additional Paid-In Capital | 19.84M | 19.65M | 18.56M | 25.15M | 18.28M | 11.66M |
| Retained Earnings | 3.12M | 9.26M | 66.54M | 71.56M | 91.66M | 111.76M |
| Total Common Equity | 22.98M | 28.93M | 85.12M | 96.72M | 109.96M | 123.44M |
| Shareholders' Equity | 22.99M | 28.94M | 85.13M | 96.73M | 109.97M | 123.45M |
| Total Liabilities & Equity | 63.76M | 81.19M | 148.70M | 169.88M | 167.48M | 179.70M |
| Total Debt | 414.00K | 535.00K | 996.00K | 1.45M | ||
| Net Cash (Debt) | 12.66M | 20.88M | 53.72M | 53.84M | 104.09M | 111.08M |
| Net Cash Per Share | 0.60 | 1.00 | 2.61 | 2.64 | 5.12 | 5.46 |
| Filing Date Shares Outstanding | 21.05M | 21.03M | 20.99M | 19.87M | 20.45M | 20.22M |
| Total Common Shares Outstanding | 21.06M | 21.05M | 20.64M | 20.45M | 20.33M | 20.21M |
| Working Capital | -12.99M | -8.47M | 16.10M | 21.49M | 72.92M | 94.75M |
| Book Value Per Share | 1.09 | 1.37 | 4.12 | 4.73 | 5.41 | 6.11 |
| Tangible Book Value | 17.73M | 23.44M | 50.42M | 58.86M | 109.10M | 122.58M |
| Tangible Book Value Per Share | 0.84 | 1.11 | 2.44 | 2.88 | 5.37 | 6.07 |
| Land | 3.70M | 3.70M | 3.70M | 3.70M | 3.70M | |
| Buildings | 19.51M | 19.63M | 19.51M | 18.91M | 17.83M | |
| Machinery | 9.08M | 9.43M | 9.33M | 9.40M | 9.11M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -29.28M | -57.29M | -6.27M | -7.46M | 5.14M | 18.72M |
| Depreciation & Amortization | 9.25M | 9.39M | 7.04M | 7.06M | 3.55M | 2.74M |
| Asset Writedown & Restructuring Costs | 27.26M | 1.20M | ||||
| Stock-Based Compensation | 972.00K | 1.36M | -6.59M | 6.87M | 6.62M | 4.55M |
| Provision & Write-off of Bad Debts | -30.00K | -36.00K | 365.00K | 324.00K | 214.00K | 165.00K |
| Other Operating Activities | -690.00K | -690.00K | 5.25M | 292.00K | -1.63M | -846.00K |
| Change in Accounts Receivable | -71.00K | 445.00K | 601.00K | -1.74M | -41.00K | 509.00K |
| Change in Inventory | 7.77M | 471.00K | 12.35M | -6.42M | 13.43M | 1.97M |
| Change in Accounts Payable | -7.74M | -2.66M | -13.46M | 6.10M | -2.29M | -12.05M |
| Change in Unearned Revenue | -479.00K | -1.40M | -518.00K | -390.00K | ||
| Change in Income Taxes | 99.00K | -19.00K | -31.00K | 675.00K | -182.00K | 278.00K |
| Change in Other Net Operating Assets | -3.61M | -5.24M | 4.78M | -988.00K | 3.00M | 2.47M |
| Operating Cash Flow | -23.81M | -28.39M | 4.72M | 4.32M | 27.80M | 18.50M |
| Capital Expenditures | -3.96M | -4.62M | -5.11M | -4.51M | -5.26M | -1.75M |
| Cash Acquisitions | -35.86M | |||||
| Investment in Securities | -300.00K | -5.00M | ||||
| Investing Cash Flow | -3.96M | -4.62M | -5.11M | -40.67M | -10.26M | -1.75M |
| Repurchase of Common Stock | -254.00K | -278.00K | ||||
| Common Dividends Paid | -20.00K | -21.00K | -181.00K | -12.44M | -24.54M | -24.38M |
| Financing Cash Flow | -274.00K | -299.00K | -181.00K | -12.44M | -24.54M | -24.38M |
| Net Cash Flow | -28.05M | -33.31M | -576.00K | -48.79M | -6.99M | -7.64M |
| Free Cash Flow | -27.77M | -33.01M | -395.00K | -194.00K | 22.54M | 16.75M |
| Free Cash Flow Margin | -16.45% | -18.44% | -0.17% | -0.07% | 9.11% | 6.15% |
| Free Cash Flow Per Share | -1.31 | -1.58 | -0.02 | -0.01 | 1.11 | 0.82 |
| Levered Free Cash Flow | -15.95M | -20.37M | -7.15M | 7.56M | 24.06M | 33.88M |
| Unlevered Free Cash Flow | -15.86M | -20.37M | -7.15M | 7.56M | 24.06M | 34.58M |
| Cash Income Tax Paid | 52.00K | 525.00K | 130.00K | 4.31M | 6.08M | |
| Change in Working Capital | -4.04M | -8.39M | 3.72M | -2.76M | 13.92M | -6.82M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 25.05M | 48.73M | 86.43M | 97.82M | 330.08M | 521.92M |
| Enterprise Value | 12.39M | 22.48M | 37.44M | 46.19M | 227.66M | 413.02M |
| Last Close Price | 1.19 | 2.28 | 4.19 | 4.79 | 15.56 | 23.30 |
| PE Ratio | 64.22 | 27.89 | ||||
| Forward PE | 92.44 | 92.44 | 106.44 | 24.73 | 23.04 | |
| PS Ratio | 0.15 | 0.27 | 0.38 | 0.36 | 1.33 | 1.92 |
| PB Ratio | 1.09 | 1.68 | 1.01 | 1.01 | 3.00 | 4.23 |
| P/TBV Ratio | 1.41 | 2.08 | 1.71 | 1.66 | 3.03 | 4.26 |
| P/FCF Ratio | 14.64 | 31.17 | ||||
| P/OCF Ratio | 18.32 | 22.66 | 11.87 | 28.21 | ||
| PEG Ratio | 4.38 | 4.38 | 4.38 | 1.90 | 1.77 | |
| EV/Sales Ratio | 0.07 | 0.13 | 0.17 | 0.17 | 0.92 | 1.52 |
| EV/EBITDA Ratio | 76.23 | 21.76 | 15.28 | |||
| EV/EBIT Ratio | 32.92 | 17.00 | ||||
| EV/FCF Ratio | 10.10 | 24.66 | ||||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.01 | 0.01 | ||
| Debt / EBITDA Ratio | 0.95 | |||||
| Net Debt / Equity Ratio | -0.55 | -0.72 | -0.63 | -0.56 | -0.95 | -0.90 |
| Net Debt / EBITDA Ratio | 0.68 | 1.10 | 42.88 | -88.85 | -9.95 | -4.11 |
| Net Debt / FCF Ratio | 0.46 | 0.63 | 136.01 | 277.54 | -4.62 | -6.63 |
| Asset Turnover | 1.95 | 1.56 | 1.43 | 1.62 | 1.43 | 1.48 |
| Inventory Turnover | 9.07 | 8.64 | 7.05 | 7.96 | 6.65 | 5.84 |
| Quick Ratio | 0.36 | 0.45 | 0.91 | 0.81 | 1.84 | 2.01 |
| Current Ratio | 0.68 | 0.84 | 1.26 | 1.30 | 2.27 | 2.68 |
| Return on Equity (ROE) | -78.56% | -100.44% | -6.90% | -7.22% | 4.40% | 14.14% |
| Return on Assets (ROA) | -20.05% | -15.43% | -3.25% | -2.39% | 2.49% | 8.27% |
| Return on Invested Capital (ROIC) | -302.82% | -143.83% | -22.32% | -26.45% | 52.32% | 107.62% |
| Return on Capital Employed (ROCE) | -120.20% | -97.40% | -9.60% | -6.60% | 6.30% | 19.70% |
| Earnings Yield | -116.32% | -117.55% | -7.26% | -7.63% | 1.56% | 3.59% |
| FCF Yield | -110.87% | -67.74% | -0.46% | -0.20% | 6.83% | 3.21% |
| Dividend Yield | 12.54% | 7.39% | 4.65% | |||
| Payout Ratio | 477.37% | 130.28% | ||||
| Buyback Yield / Dilution | -2.40% | -1.58% | -0.98% | -0.28% | 0.09% | -1.19% |
| Total Shareholder Return | -2.40% | -1.58% | -0.98% | 12.26% | 7.48% | 3.46% |