PetMed Express (PETS) Cash Flow: Operating & Free Cash Flow

PetMed Express Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for PetMed Express, Inc. (PETS) - 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
Operating Activities
Net Income	-57.29	-6.27	-6.27	-7.46	5.14	21.10	23.92	25.85	37.74	37.28	23.82
Depreciation & Amortization	9.39	7.04	7.04	7.06	3.55	2.74	2.43	2.26	2.23	2.13	1.37
Deferred Income Tax	-2.82	5.25	-	0.29	-1.63	-0.35	-1.27	-0.15	0.13	-0.09	1.95
Stock Based Compensation	1.37	-6.59	-6.59	6.87	6.62	4.55	3.31	2.82	3.10	2.58	1.94
Change in Working Capital	-8.39	3.72	3.72	-2.76	13.92	-9.71	11.57	7.87	1.87	-4.63	17.71
Change in Accounts Receivable	0.45	0.60	0.60	-1.74	-0.04	0.51	1.13	-1.49	-0.34	-0.60	-0.51
Change in Inventory	0.47	12.35	12.35	-6.42	13.43	1.97	-16.54	3.49	1.97	-3.11	5.36
Change in Accounts Payable	-2.60	-13.46	-13.46	6.10	-0.34	-12.05	27.69	3.38	1.00	0.05	10.22
Change in Other Working Capital	-6.65	4.23	0.86	-1.26	2.10	-0.14	7.29	2.50	-0.77	-0.97	2.64
Other Operating Activities	26.62	1.57	6.81	0.62	-1.42	0.17	-1.14	0.19	0.09	0.11	0.42
Net Cash from Operating Activities	-28.39	4.72	4.72	4.32	27.80	18.50	40.08	38.84	45.14	37.38	47.20
Investing Activities
Capital Expenditures	-4.62	-5.11	-5.11	-4.51	-5.26	-1.75	-2.43	-2.31	-0.62	-0.70	-10.60
Acquisitions	0.00	0.00	-	-35.86	-5.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	0.00	0.00	-	-0.30	-5.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	0.00	-	0.00	5.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-4.62	-5.11	-5.11	-40.67	-10.26	-1.75	-2.43	-2.31	-0.62	-0.70	-10.60
Financing Activities
Common Stock Repurchased	0.00	0.00	-	0.00	0.00	0.00	0.00	-11.50	0.00	0.00	0.00
Dividends Paid	-0.02	-0.18	-0.18	-12.44	-24.54	-24.38	-22.69	-21.80	-21.93	-17.47	-15.51
Other Financing Activities	-0.28	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Financing Activities	-0.30	-0.18	-0.18	-12.44	-24.54	-24.38	-22.69	-33.30	-21.93	-17.47	-15.51
Summary
Net Change in Cash	-33.31	-0.58	-0.58	-48.79	-6.99	-7.64	14.96	3.23	22.59	19.21	21.09
Cash at Beginning of Period	54.72	55.30	-	104.09	111.08	118.72	103.76	100.53	77.94	58.73	37.64
Cash at End of Period	21.41	54.72	-	55.30	104.09	111.08	118.72	103.76	100.53	77.94	58.73
Free Cash Flow	-33.01	-0.40	-0.40	-0.19	22.54	16.75	37.64	36.53	44.52	36.68	36.60
Supplemental Disclosures
Income Taxes Paid	-	-	0.53	0.13	4.31	6.09	10.02	-	-	-	-

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 Cash Flow

What is PetMed Express's free cash flow?

PetMed Express had negative free cash flow of $33.01M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of −$28.39M minus $4.62M of capital expenditures.

How much does PetMed Express spend on capital expenditures?

PetMed Express spent $4.62M on capital expenditures in fiscal 2026, compared with $5.11M a year earlier.

Does PetMed Express pay dividends or buy back shares?

Yes. In fiscal 2026 PetMed Express returned $21.00K in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition