PetMed Express (PETS) Financial Statements & Analysis

PetMed Express (PETS) Income Statement

PetMed Express reported revenue of $179.02M in fiscal 2026 (fiscal year ended Mar 31, 2026), down 21.1% from $226.97M a year earlier. PetMed Express posted a net loss of $57.29M, compared with a net loss of $6.27M a year earlier. Gross margin was 28.1% and operating margin -32.8%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was $41.02M, down 19.9% from the same quarter a year earlier.

PetMed Express Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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PetMed Express, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Jun 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	179.02	226.97	226.97	274.10	247.57	272.28	303.58	284.13	283.42	273.80	249.18
Cost of Revenue	128.81	157.84	157.84	189.33	171.07	195.34	219.27	202.88	188.11	175.99	169.86
Gross Profit	50.22	69.14	69.14	84.77	76.50	76.94	84.32	81.25	95.31	97.81	79.31
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	69.22	62.43	71.57	85.25	66.90	49.91	51.36	48.01	46.92	43.55	40.46
Operating Expenses	108.89	70.67	70.67	92.93	70.45	52.65	53.79	50.27	49.14	45.67	41.83
Operating Income	-58.67	-1.53	-1.53	-8.16	6.05	24.29	30.53	30.98	46.17	52.14	37.48
Other Income/Expense
Interest Income	0.51	0.00	0.19	0.51	0.45	-1.13	-0.90	1.75	1.86	0.66	0.14
Interest Expense	0.00	0.00	-	0.00	0.00	-1.13	-0.90	0.00	0.00	0.00	0.00
Other Income/Expense	1.31	0.94	0.94	1.89	0.94	-0.11	0.42	2.92	2.95	1.65	0.44
Income
Income Before Tax	-57.36	-0.59	-0.59	-6.27	7.45	24.19	30.95	33.89	49.12	53.79	37.92
Income Tax Expense	-0.07	5.68	5.68	1.19	2.31	5.47	7.03	8.04	11.38	16.51	14.11
Net Income	-57.29	-6.27	-6.27	-7.46	5.14	18.72	23.92	25.85	37.74	37.28	23.82
Net Income - Continuous Operations	-57.29	-6.27	-	-7.46	5.14	21.10	23.92	25.85	37.74	37.28	23.82
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-19.00	6.71	-1.25	0.61	9.60	27.03	32.96	36.15	51.35	54.26	38.85
EBIT	-28.39	-	-8.29	-6.45	6.05	24.29	30.53	-	-	-	-
Depreciation & Amortization	9.39	7.04	7.04	6.06	3.55	2.74	2.43	2.26	2.23	2.13	1.37
Earnings Per Share
Basic EPS	-3.00	-	-	-	-	1.00	1.00	1.00	2.00	2.00	1.00
Diluted EPS	-3.00	-	-	-	-	1.00	1.00	1.00	2.00	2.00	1.00
Basic Shares Outstanding	20.92	20.60	20.60	20.40	20.28	20.18	20.06	20.04	20.46	20.35	20.23
Diluted Shares Outstanding	20.92	20.60	20.60	20.40	20.34	20.36	20.12	20.06	20.49	20.43	20.38

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About PetMed Express Financial Statements

What was PetMed Express's revenue in fiscal 2026?

PetMed Express reported revenue of $179.02M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was down 21.1% from $226.97M a year earlier.

Is PetMed Express profitable?

No. PetMed Express reported a net loss of $57.29M in fiscal 2026. In fiscal 2025 it lost $6.27M.

What is PetMed Express's operating margin?

PetMed Express's operating income was −$58.67M on revenue of $179.02M in fiscal 2026, an operating margin of -32.8%, compared with -0.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition