15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 10.2% per year over the past 5 years.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Shareholder returns
Dividends have been paid for 15 consecutive years.
The dividend has declined 75.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
$179M
-$57M
28.1%
-32.8%
-$33M
—
$21M
2025
$227M
-$6M
30.5%
-0.7%
-$395000
—
$55M
2024
$274M
-$7M
30.9%
-3.0%
-$194000
—
$55M
2023
$248M
$5M
30.9%
2.4%
$23M
—
$104M
2022
—
$19M
—
—
$17M
—
$111M
2021
—
$24M
—
—
$38M
—
$119M
2020
—
$26M
—
—
$37M
—
$104M
2019
—
$38M
—
—
$45M
—
$101M
2018
—
$37M
—
—
$37M
—
$78M
2017
—
$24M
—
—
$37M
—
$59M
2016
—
$21M
—
—
$923000
—
$38M
2015
—
$17M
—
—
—
—
$36M
2014
—
$18M
—
—
—
—
$18M
2013
—
$17M
—
—
—
—
$18M
2012
—
$17M
—
—
—
—
$47M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$43M
-$4M
32.6%
-13.3%
-$5M
—
$21M
Dec '25
$41M
-$11M
23.3%
-25.7%
-$9M
—
$27M
Sep '25
$44M
-$9M
28.0%
-18.9%
-$5M
—
$36M
Jun '25
$51M
-$34M
28.1%
-66.7%
-$14M
—
$41M
Mar '25
$51M
-$12M
29.9%
-11.9%
$5M
—
$55M
Dec '24
$52M
-$707000
31.0%
-0.9%
-$2M
—
$50M
Sep '24
$58M
$2M
32.3%
1.0%
$6M
—
$52M
Jun '24
$66M
$4M
28.8%
6.6%
-$9M
—
$46M
Mar '24
$60M
-$5M
40.8%
-6.4%
$6M
—
$55M
Dec '23
$64M
-$2M
30.5%
-4.8%
-$4M
—
$49M
Sep '23
$69M
$715000
30.6%
1.3%
-$2M
—
$53M
Jun '23
$78M
-$1M
28.8%
-2.7%
-$591000
—
$62M
Mar '23
$60M
-$216000
31.6%
-0.4%
$8M
—
$104M
Dec '22
$57M
-$212000
29.0%
-1.3%
$12M
—
$102M
Sep '22
$63M
$3M
31.9%
5.9%
-$3M
—
$97M
Jun '22
$67M
$3M
31.0%
5.2%
$5M
—
$105M
Mar '22
—
$6M
—
—
$8M
—
$111M
Dec '21
—
$4M
—
—
$8M
—
$109M
Sep '21
—
$6M
—
—
$1M
—
$107M
Jun '21
—
$4M
—
—
-$899000
—
$112M
Valuation over time
How the market has priced PETS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 67.5× (Mar '23) to 20.0× (Mar '24).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 0.2× (Jun '26).
The dividend yield has fallen from 7.1% (Mar '23) to 0.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PETS growing its revenue and profit?
Over the past 5 years, PETMED EXPRESS INC's revenue has declined 10.2% per year. These are computed facts, not advice.
How much debt does PETS have?
As of FY2026, PETMED EXPRESS INC reported — of total debt against $21M of cash.
What is PETS's profit margin?
In FY2026, gross margin was 28.1%, operating margin -32.8%, and net margin -32.0%.
What is PETS's P/E ratio?
As of Jun '26, PETMED EXPRESS INC traded at a price-to-earnings ratio of about 20.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.