PE
PetMed Express Inc
PETS—
PetMed Express Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 26.7M is 31% of equity (85M) with 1.2M impairment charge TTM - intangible asset risk elevated[Goodwill]
- Revenue declined -9% over 5Y while industry median grew +9% - structural share loss in pet pharmacy market[Total Revenue 5Y Growth]
- EV of 7.8M vs market cap 61.5M - 54.7M net cash (89% of market cap) provides downside floor[Enterprise Value]
Watch Triggers
- Total Revenue: Quarterly revenue stabilizes or grows YoY — Revenue decline is core thesis risk - stabilization signals competitive positioning improvement
- Cash and Equivalents: Falls below 40M — At -6.3M annual net loss, cash runway becomes critical within 6-8 quarters
- Gross Margin: Drops below 28% — 30.5% gross margin already compressed - further erosion eliminates turnaround path
Bull Case
Trading at 0.27x P/S vs industry median 2.7x with 54.7M cash (89% of market cap) - extreme value if turnaround succeeds
P/S RatioCash and EquivalentsEnterprise Value
Asset turnover 1.42x vs industry median 0.27x shows capital-light model; minimal debt (1M) preserves optionality
Asset TurnoverTotal DebtDebt to Equity
Bear Case
5Y revenue decline of -9% vs industry +9% growth signals permanent market share loss to Amazon/Chewy
Total Revenue 5Y GrowthTotal Revenue
Operating margin -0.15% with negative ROIC -6.8% TTM - business model no longer generates economic value
Operating MarginROICNet Income
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Cash burn likely to accelerate without revenue stabilization, testing 54.7M cash cushion
1-3ymed
- Operating income -330K TTM with negative FCF -395K
- Revenue declining -9% 5Y while opex at 69.5M
- Current liabilities 62.8M vs current assets 78.9M
FCF TTM: -395K with capex 5.1MNet income TTM: -6.3M lossWorking capital: only 16.1M buffer
Valuation Context
Caveats
Public Strategies Rankings
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PETS Fundamentals
Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$80.49M | — | ||
$26.77M | — | ||
0.00 | — | ||
$226.97M | -17.2% | — | |
$-0.25 | — | ||
-0.15% | +2.8% | — | |
-2.76% | -0.1% | — | |
$-395,000 | — | ||
-0.07 | -0.1% | — | |
Beta 5Y (Monthly) | unknown | — |
PETS Dividend History
58 dividends
08/18/23$0.3000
06/12/23$0.3000
02/27/23$0.3000
11/30/22$0.3000
08/19/22$0.3000
05/27/22$0.3000
02/18/22$0.3000
11/19/21$0.3000
08/13/21$0.3000
05/21/21$0.3000
02/12/21$0.2800
11/20/20$0.2800
08/07/20$0.2800
05/22/20$0.2800
02/14/20$0.2700
11/15/19$0.2700
08/09/19$0.2700
05/24/19$0.2700
02/15/19$0.2700
11/16/18$0.2700
08/10/18$0.2700
05/25/18$0.2500
02/16/18$0.2500
11/17/17$0.2000
08/18/17$0.2000
05/26/17$0.2000
02/17/17$0.1900
11/18/16$0.1900
08/19/16$0.1900
05/27/16$0.1900
02/19/16$0.1800
11/13/15$0.1800
08/14/15$0.1800
05/22/15$0.1800
02/13/15$0.1700
11/14/14$0.1700
08/15/14$0.1700
05/23/14$0.1700
02/21/14$0.1700
11/22/13$0.1700
08/23/13$0.1700
05/24/13$0.1500
02/22/13$0.1500
12/24/12$1.0000
11/23/12$0.1500
08/24/12$0.1500
05/25/12$0.1500
02/24/12$0.1500
11/25/11$0.1250
08/26/11$0.1250
05/27/11$0.1250
02/25/11$0.1250
11/26/10$0.1250
08/27/10$0.1250
05/28/10$0.1000
02/26/10$0.1000
11/30/09$0.1000
08/31/09$0.1000
PETS Stock Splits
No stock splits
PETS SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/14/25 | 03/31/25 | Unknown | |
02/10/25 | 12/31/24 | 10-Q | |
11/07/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
06/14/24 | 03/31/24 | 10-K | |
04/15/24 | 12/31/23 | 10-Q | |
10/31/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/23/23 | 03/31/23 | 10-K | |
02/07/23 | 12/31/22 | 10-Q | |
11/08/22 | 09/30/22 | 10-Q | |
08/02/22 | 06/30/22 | 10-Q | |
04/15/24 | 06/30/22 | 10-Q/A | |
05/24/22 | 03/31/22 | 10-K | |
02/04/22 | 12/31/21 | 10-Q | |
11/02/21 | 09/30/21 | 10-Q | |
07/30/21 | 06/30/21 | 10-Q | |
05/25/21 | 03/31/21 | 10-K | |
01/26/21 | 12/31/20 | 10-Q | |
11/03/20 | 09/30/20 | 10-Q | |
08/03/20 | 06/30/20 | 10-Q | |
05/26/20 | 03/31/20 | 10-K | |
01/28/20 | 12/31/19 | 10-Q | |
10/30/19 | 09/30/19 | 10-Q | |
07/30/19 | 06/30/19 | 10-Q | |
05/28/19 | 03/31/19 | 10-K | |
01/29/19 | 12/31/18 | 10-Q | |
10/30/18 | 09/30/18 | 10-Q | |
07/31/18 | 06/30/18 | 10-Q | |
05/29/18 | 03/31/18 | 10-K | |
01/30/18 | 12/31/17 | 10-Q | |
10/31/17 | 09/30/17 | 10-Q | |
07/31/17 | 06/30/17 | 10-Q | |
05/23/17 | 03/31/17 | 10-K | |
01/31/17 | 12/31/16 | 10-Q | |
11/01/16 | 09/30/16 | 10-Q | |
08/01/16 | 06/30/16 | 10-Q | |
05/24/16 | 03/31/16 | 10-K | |
02/02/16 | 12/31/15 | 10-Q | |
10/27/15 | 09/30/15 | 10-Q | |
07/28/15 | 06/30/15 | 10-Q | |
05/22/15 | 03/31/15 | 10-K | |
01/26/15 | 12/31/14 | 10-Q | |
10/28/14 | 09/30/14 | 10-Q | |
07/29/14 | 06/30/14 | 10-Q | |
05/27/14 | 03/31/14 | 10-K | |
01/31/14 | 12/31/13 | 10-Q | |
10/29/13 | 09/30/13 | 10-Q | |
07/30/13 | 06/30/13 | 10-Q | |
05/28/13 | 03/31/13 | 10-K | |
01/29/13 | 12/31/12 | 10-Q | |
10/31/12 | 09/30/12 | 10-Q | |
07/31/12 | 06/30/12 | 10-Q | |
05/29/12 | 03/31/12 | 10-K | |
01/31/12 | 12/31/11 | 10-Q | |
11/01/11 | 09/30/11 | 10-Q | |
08/02/11 | 06/30/11 | 10-Q | |
05/31/11 | 03/31/11 | 10-K | |
01/31/11 | 12/31/10 | 10-Q | |
11/01/10 | 09/30/10 | 10-Q | |
08/02/10 | 06/30/10 | 10-Q | |
06/01/10 | 03/31/10 | 10-K | |
02/01/10 | 12/31/09 | 10-Q | |
11/02/09 | 09/30/09 | 10-Q | |
08/03/09 | 06/30/09 | 10-Q | |
06/01/09 | 03/31/09 | 10-K | |
02/02/09 | 12/31/08 | 10-Q | |
11/04/08 | 09/30/08 | 10-Q | |
08/04/08 | 06/30/08 | 10-Q | |
06/03/08 | 03/30/08 | Unknown | -- |
02/04/08 | 12/31/07 | 10-Q | |
11/05/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
06/04/07 | 03/30/07 | Unknown | -- |
02/05/07 | 12/31/06 | 10-Q | |
11/06/06 | 09/30/06 | 10-Q | |
07/31/06 | 06/30/06 | 10-Q | |
06/02/06 | 03/30/06 | Unknown | -- |
02/06/06 | 12/31/05 | 10-Q | |
11/10/05 | 09/30/05 | 10-Q | |
08/08/05 | 06/30/05 | 10-Q | |
06/06/05 | 03/30/05 | Unknown | -- |
02/07/05 | 12/31/04 | 10-Q | |
11/10/04 | 09/30/04 | 10-Q | |
08/10/04 | 06/30/04 | 10-Q | |
06/14/04 | 03/30/04 | Unknown | -- |
02/09/04 | 12/31/03 | 10-Q | |
11/10/03 | 09/30/03 | 10-Q | |
08/11/03 | 06/30/03 | 10-Q | |
03/31/03 | 03/30/03 | Unknown | -- |
12/31/02 | 12/31/02 | 10QSB | |
09/30/02 | 09/30/02 | 10QSB | |
06/30/02 | 06/30/02 | 10QSB | |
03/31/02 | 03/30/02 | Unknown | -- |
12/31/01 | 12/31/01 | 10QSB | |
09/30/01 | 09/30/01 | 10QSB | |
06/30/01 | 06/30/01 | NT 10-Q | |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | 10QSB | |
09/30/00 | 09/30/00 | 10QSB | |
06/30/00 | 06/30/00 | NT 10-Q |