Dogness Financials

DOGZ

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE June

This page shows Dogness (DOGZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Dogness has an operating margin of -32.8%, meaning the company retains $-33 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -50.7% the prior year.

Growth

100

Dogness's revenue surged 39.5% year-over-year to $20.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Dogness carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.35, Dogness holds $3.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Dogness generated $567K in operating cash flow, capex of $1.0M consumed most of it, leaving -$453K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

6/9

Dogness passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.11x

For every $1 of reported earnings, Dogness generates $-0.11 in operating cash flow ($567K OCF vs -$5.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-33.9x

Dogness earns $-33.9 in operating income for every $1 of interest expense (-$6.8M vs $200K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$20.7M

YoY+39.5%

5Y CAGR+1.6%

Dogness generated $20.7M in revenue in fiscal year 2025. This represents an increase of 39.5% from the prior year.

EBITDA

-$4.0M

YoY+15.7%

Dogness's EBITDA was -$4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.7% from the prior year.

Free Cash Flow

-$453K

YoY+83.3%

Dogness generated -$453K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 83.3% from the prior year.

Net Income

-$5.1M

YoY+15.8%

Dogness reported -$5.1M in net income in fiscal year 2025. This represents an increase of 15.8% from the prior year.

EPS (Diluted)

$-0.38

YoY+30.9%

Dogness earned $-0.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.9% from the prior year.

Cash & Debt

$12.8M

YoY+84.5%

5Y CAGR+58.9%

Dogness held $12.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+11.8%

Dogness had 14M shares outstanding in fiscal year 2025. This represents an increase of 11.8% from the prior year.

Gross Margin

24.3%

YoY+3.2pp

5Y CAGR+11.8pp

Dogness's gross margin was 24.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the prior year.

Operating Margin

-32.8%

YoY+17.9pp

5Y CAGR+12.7pp

Dogness's operating margin was -32.8% in fiscal year 2025, reflecting core business profitability. This is up 17.9 percentage points from the prior year.

Net Margin

-24.6%

YoY+16.2pp

5Y CAGR+19.4pp

Dogness's net profit margin was -24.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$1.1M

YoY+82.7%

5Y CAGR-6.1%

Dogness invested $1.1M in research and development in fiscal year 2025. This represents an increase of 82.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.0M

YoY-71.1%

5Y CAGR+4.0%

Dogness invested $1.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 71.1% from the prior year.

DOGZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$20.7M+39.5%	$14.8M-15.6%	$17.6M-35.1%	$27.1M+11.4%	$24.3M+26.9%	$19.2M
Cost of Revenue	$15.7M+33.7%	$11.7M-15.8%	$13.9M-17.9%	$17.0M+11.8%	$15.2M-9.6%	$16.8M
Gross Profit	$5.0M+60.9%	$3.1M-14.7%	$3.7M-63.9%	$10.1M+10.7%	$9.2M+282.8%	$2.4M
R&D Expenses	$1.1M+82.7%	$610K-34.4%	$931K+1.5%	$917K+69.7%	$541K-64.6%	$1.5M
SG&A Expenses	$9.2M+16.9%	$7.8M-20.0%	$9.8M+45.4%	$6.7M+36.5%	$4.9M-14.0%	$5.7M
Operating Income	-$6.8M+9.8%	-$7.5M+21.3%	-$9.6M-13014.5%	$74K-96.0%	$1.9M+121.3%	-$8.7M
Interest Expense	$200K-32.1%	$295K-10.9%	$331K-10.6%	$370K+40.0%	$264K+10.5%	$239K
Income Tax	-$1.1M-119.1%	-$492K+59.9%	-$1.2M+55.8%	-$2.8M-533.1%	$641K+289.9%	$165K
Net Income	-$5.1M+15.8%	-$6.1M+15.9%	-$7.2M-322.5%	$3.2M+113.9%	$1.5M+117.9%	-$8.4M
EPS (Diluted)	$-0.38+30.9%	$-0.55+19.1%	$-0.68	$0.31+520.0%	$0.05+115.2%	$-0.33

Metric	Q2'25	Q2'24	Q2'23	Q2'22	Q2'21	Q2'20	Q2'19	Q2'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DOGZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$116.8M+17.8%	$99.2M+1.4%	$97.9M-2.9%	$100.8M+7.4%	$93.8M+47.7%	$63.6M
Current Assets	$20.5M+24.8%	$16.4M+17.1%	$14.0M-40.0%	$23.4M+63.7%	$14.3M+22.7%	$11.6M
Cash & Equivalents	$12.8M+84.5%	$7.0M+55.2%	$4.5M-73.0%	$16.6M+238.0%	$4.9M+287.8%	$1.3M
Inventory	$2.7M-12.8%	$3.1M+16.4%	$2.7M-20.5%	$3.4M-19.8%	$4.2M+46.9%	$2.9M
Accounts Receivable	$1.3M-53.9%	$2.9M+3.1%	$2.8M+0.8%	$2.7M-4.8%	$2.9M+16.4%	$2.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.1M-16.2%	$22.8M+5.9%	$21.5M+74.7%	$12.3M-57.4%	$28.9M+140.3%	$12.0M
Current Liabilities	$6.1M-28.5%	$8.5M-8.4%	$9.3M+43.7%	$6.5M-69.5%	$21.3M+97.4%	$10.8M
Long-Term Debt	N/A	N/A	$1.6M-67.7%	$4.9M-24.8%	$6.6M+8846.3%	$73K
Total Equity	$97.8M+27.9%	$76.4M+0.1%	$76.3M-13.4%	$88.2M+37.0%	$64.4M+26.5%	$50.9M
Retained Earnings	-$10.5M-94.6%	-$5.4M-912.0%	$664K-91.6%	$7.9M+69.9%	$4.6M+43.9%	$3.2M

Metric	Q2'25	Q2'24	Q2'23	Q2'22	Q2'21	Q2'20	Q2'19	Q2'18
Total Assets	$116.8M+17.8%	$99.2M+1.3%	$98.0M-2.8%	$100.8M+1.1%	$99.7M+33.2%	$74.9M+8.5%	$69.0M-1.0%	$69.7M
Current Assets	$20.5M+24.8%	$16.4M+17.8%	$13.9M-40.4%	$23.4M+39.5%	$16.7M+35.7%	$12.3M-52.4%	$25.9M-44.1%	$46.3M
Cash & Equivalents	$12.8M+84.5%	$7.0M+180.6%	$2.5M-85.1%	$16.6M+137.0%	$7.0M+418.4%	$1.4M-47.0%	$2.6M-64.0%	$7.1M
Inventory	$2.7M-12.8%	$3.1M+1.0%	$3.1M-8.4%	$3.4M-13.0%	$3.9M-18.8%	$4.8M-11.1%	$5.4M+29.1%	$4.2M
Accounts Receivable	$1.3M-53.9%	$2.9M-11.4%	$3.2M+17.3%	$2.7M-43.6%	$4.9M+27.9%	$3.8M-29.7%	$5.4M-4.1%	$5.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.1M-16.2%	$22.8M+1.3%	$22.5M+82.5%	$12.3M-50.6%	$24.9M+36.0%	$18.3M+126.9%	$8.1M-10.0%	$9.0M
Current Liabilities	$6.1M-28.5%	$8.5M+12.4%	$7.6M+17.1%	$6.5M-63.4%	$17.7M+75.6%	$10.1M+25.0%	$8.1M-10.0%	$9.0M
Long-Term Debt	N/A	N/A	$3.9M-21.9%	$4.9M-19.8%	$6.2M-12.5%	$7.0M	N/A	N/A
Total Equity	$97.8M+27.9%	$76.4M+1.3%	$75.5M-14.4%	$88.2M+18.5%	$74.4M+33.1%	$55.9M-8.1%	$60.8M+0.2%	$60.7M
Retained Earnings	-$10.5M-94.6%	-$5.4M-112.9%	-$2.5M-132.2%	$7.9M+35.0%	$5.8M+43.8%	$4.1M-65.2%	$11.7M+13.6%	$10.3M

DOGZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$567K-30.3%	$814K+109.1%	-$8.9M-244.5%	$6.2M+64.2%	$3.8M+269.6%	-$2.2M
Capital Expenditures	$1.0M-71.1%	$3.5M+131.8%	$1.5M-90.0%	$15.3M+1861.9%	$778K-7.1%	$838K
Free Cash Flow	-$453K+83.3%	-$2.7M+74.0%	-$10.4M-14.6%	-$9.1M-405.9%	$3.0M+197.5%	-$3.0M
Investing Cash Flow	$878K+125.5%	-$3.4M-136.7%	-$1.5M+90.1%	-$14.7M-31.1%	-$11.2M-357.5%	-$2.5M
Financing Cash Flow	$4.4M-15.5%	$5.2M+588.9%	-$1.1M-105.1%	$20.9M+88.8%	$11.1M+263.3%	$3.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q2'24	Q2'23	Q2'22	Q2'21	Q2'20	Q2'19	Q2'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$17.9M+145.2%	$7.3M	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DOGZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	24.3%+3.2pp	21.0%+0.2pp	20.8%-16.6pp	37.4%-0.2pp	37.6%+25.2pp	12.5%
Operating Margin	-32.8%+17.9pp	-50.7%+3.7pp	-54.4%-54.7pp	0.3%-7.4pp	7.6%+53.1pp	-45.5%
Net Margin	-24.6%+16.2pp	-40.8%+0.2pp	-40.9%-52.9pp	11.9%+5.7pp	6.2%+50.3pp	-44.0%
Return on Equity	N/A	N/A	N/A	3.7%+1.3pp	2.4%	N/A
Return on Assets	-4.4%+1.7pp	-6.1%+1.3pp	-7.4%-10.6pp	3.2%+1.6pp	1.6%+14.9pp	-13.3%
Current Ratio	3.35+1.4	1.92+0.4	1.50-2.1	3.60+2.9	0.67-0.4	1.08
Debt-to-Equity	0.20-0.1	0.30+0.3	0.02-0.0	0.06-0.0	0.10+0.1	0.00
FCF Margin	-2.2%+16.1pp	-18.3%+41.0pp	-59.3%-25.7pp	-33.6%-45.8pp	12.2%+28.1pp	-15.9%

Metric	Q2'25	Q2'24	Q2'23	Q2'22	Q2'21	Q2'20	Q2'19	Q2'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.35+1.4	1.92+0.1	1.83-1.8	3.60+2.7	0.94-0.3	1.22-2.0	3.21-2.0	5.17
Debt-to-Equity	0.20-0.1	0.30+0.2	0.050.0	0.06-0.0	0.08-0.0	0.130.0	0.13-0.0	0.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Dogness's annual revenue?

Dogness (DOGZ) reported $20.7M in total revenue for fiscal year 2025. This represents a 39.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Dogness's revenue growing?

Dogness (DOGZ) revenue grew by 39.5% year-over-year, from $14.8M to $20.7M in fiscal year 2025.

Is Dogness profitable?

No, Dogness (DOGZ) reported a net income of -$5.1M in fiscal year 2025, with a net profit margin of -24.6%.

What is Dogness's earnings per share (EPS)?

Dogness (DOGZ) reported diluted earnings per share of $-0.38 for fiscal year 2025. This represents a 30.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Dogness's EBITDA?

Dogness (DOGZ) had EBITDA of -$4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Dogness's gross margin?

Dogness (DOGZ) had a gross margin of 24.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Dogness's operating margin?

Dogness (DOGZ) had an operating margin of -32.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Dogness's net profit margin?

Dogness (DOGZ) had a net profit margin of -24.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Dogness's free cash flow?

Dogness (DOGZ) generated -$453K in free cash flow during fiscal year 2025. This represents a 83.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Dogness's operating cash flow?

Dogness (DOGZ) generated $567K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Dogness's total assets?

Dogness (DOGZ) had $116.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Dogness's capital expenditures?

Dogness (DOGZ) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Dogness spend on research and development?

Dogness (DOGZ) invested $1.1M in research and development during fiscal year 2025.

How many shares does Dogness have outstanding?

Dogness (DOGZ) had 14M shares outstanding as of fiscal year 2025.

What is Dogness's current ratio?

Dogness (DOGZ) had a current ratio of 3.35 as of fiscal year 2025, which is generally considered healthy.

What is Dogness's debt-to-equity ratio?

Dogness (DOGZ) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dogness's return on assets (ROA)?

Dogness (DOGZ) had a return on assets of -4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Dogness's Piotroski F-Score?

Dogness (DOGZ) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dogness's earnings high quality?

Dogness (DOGZ) has an earnings quality ratio of -0.11x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Dogness cover its interest payments?

Dogness (DOGZ) has an interest coverage ratio of -33.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Dogness?

Dogness (DOGZ) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.