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

Dogness International Corp (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.

Dogness International Corp Financials

DOGZ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows Dogness International Corp (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).

Rhea AI DOGZ FY2025 2026-04-22

Dogness is stabilizing cash burn through lighter capital spending and balance-sheet capacity, while its core operating model still loses money.

FY2025’s net loss-to-cash gap was striking: a -$5.1M net loss still produced $567K of operating cash flow, so the income statement looked weaker than the business’s immediate cash use. Because free cash flow was only -$453K, the remaining drain now appears tied more to oversized overhead than to heavy reinvestment.

The balance sheet is conservative for a loss-making company: FY2025 liabilities were $19.1M against $97.8M of equity. A 3.4x current ratio and $12.8M of cash suggest the pressure point is earning power, not near-term bill paying or debt service.

The core operating problem is cost structure: FY2025 SG&A alone was $9.2M while gross profit was just $5.0M. Even though gross margin recovered to 24.3% as sales rebounded, the improvement looks like partial fixed-cost absorption rather than a fully repaired model.

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Dogness International Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Dogness International Corp 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

Dogness International Corp's revenue surged 39.5% year-over-year to $20.7M, reflecting rapid business expansion. This strong growth earns a score of 48/100.

Leverage

Dogness International Corp 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 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.35, Dogness International Corp holds $3.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow

While Dogness International Corp 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.

Returns

Dogness International Corp generates a -5.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -7.9% the prior year.

Piotroski F-Score Neutral

6/9

Dogness International Corp 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 International Corp 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 International Corp 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

Export CSV

Earnings & Revenue

Revenue

$20.7M

YoY+39.5%

5Y CAGR+1.6%

Dogness International Corp 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 International Corp'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.

Net Income

-$5.1M

YoY+15.8%

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

Cash & Balance Sheet

Free Cash Flow

-$453K

YoY+83.3%

Dogness International Corp 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.

Cash & Debt

$12.8M

YoY+84.5%

5Y CAGR+58.9%

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

Margins & Returns

Gross Margin

24.3%

YoY+3.2pp

5Y CAGR+11.8pp

Dogness International Corp'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 International Corp'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 International Corp'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

-5.2%

YoY+2.7pp

5Y CAGR+11.4pp

Dogness International Corp's ROE was -5.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.1M

YoY+82.7%

5Y CAGR-6.1%

Dogness International Corp 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 International Corp 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	Q2'26	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21
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	Q2'26	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21
Total Assets	$114.5M-2.1%	$116.8M+17.8%	$99.2M+1.3%	$98.0M+0.1%	$97.9M-2.9%	$100.8M+1.1%	$99.7M+6.3%	$93.8M
Current Assets	$13.5M-34.2%	$20.5M+24.8%	$16.4M+17.8%	$13.9M-0.6%	$14.0M-40.0%	$23.4M+39.5%	$16.7M+17.3%	$14.3M
Cash & Equivalents	$6.6M-48.3%	$12.8M+84.5%	$7.0M+180.6%	$2.5M-44.7%	$4.5M-73.0%	$16.6M+137.0%	$7.0M+42.6%	$4.9M
Inventory	$2.3M-15.7%	$2.7M-12.8%	$3.1M+1.0%	$3.1M+15.2%	$2.7M-20.5%	$3.4M-13.0%	$3.9M-7.8%	$4.2M
Accounts Receivable	N/A	$1.3M-53.9%	$2.9M-11.4%	$3.2M+16.4%	$2.8M+0.8%	$2.7M-43.6%	$4.9M+68.7%	$2.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.3M+1.1%	$19.1M-16.2%	$22.8M+1.3%	$22.5M+4.5%	$21.5M+74.7%	$12.3M-50.6%	$24.9M-13.9%	$28.9M
Current Liabilities	$7.7M+25.8%	$6.1M-28.5%	$8.5M+12.4%	$7.6M-18.5%	$9.3M+43.7%	$6.5M-63.4%	$17.7M-16.7%	$21.3M
Long-Term Debt	N/A	N/A	N/A	$3.9M+141.6%	$1.6M-67.7%	$4.9M-19.8%	$6.2M-6.2%	$6.6M
Total Equity	$95.1M-2.7%	$97.8M+27.9%	$76.4M+1.3%	$75.5M-1.1%	$76.3M-13.4%	$88.2M+18.5%	$74.4M+15.6%	$64.4M
Retained Earnings	-$15.7M-49.3%	-$10.5M-94.6%	-$5.4M-112.9%	-$2.5M-481.4%	$664K-91.6%	$7.9M+35.0%	$5.8M+25.9%	$4.6M

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	Q2'26	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21
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	N/A	N/A	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	-5.2%+2.7pp	-7.9%+1.5pp	-9.4%-13.1pp	3.7%+1.3pp	2.4%+18.9pp	-16.6%
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	Q2'26	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21
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	1.75-1.6	3.35+1.4	1.92+0.1	1.83+0.3	1.50-2.1	3.60+2.7	0.94+0.3	0.67
Debt-to-Equity	0.200.0	0.20-0.1	0.30+0.2	0.05+0.0	0.02-0.0	0.06-0.0	0.08-0.0	0.10
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 International Corp's annual revenue?

Dogness International Corp (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 International Corp's revenue growing?

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

Is Dogness International Corp profitable?

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

What is Dogness International Corp's EBITDA?

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

What is Dogness International Corp's gross margin?

Dogness International Corp (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 International Corp's operating margin?

Dogness International Corp (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 International Corp's net profit margin?

Dogness International Corp (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 International Corp's return on equity (ROE)?

Dogness International Corp (DOGZ) has a return on equity of -5.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Dogness International Corp's free cash flow?

Dogness International Corp (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 International Corp's operating cash flow?

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

What are Dogness International Corp's total assets?

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

What are Dogness International Corp's capital expenditures?

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

How much does Dogness International Corp spend on research and development?

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

How many shares does Dogness International Corp have outstanding?

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

What is Dogness International Corp's current ratio?

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

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

Dogness International Corp (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 International Corp's return on assets (ROA)?

Dogness International Corp (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 International Corp's Piotroski F-Score?

Dogness International Corp (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dogness International Corp's earnings high quality?

Dogness International Corp (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 International Corp cover its interest payments?

Dogness International Corp (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 International Corp?

Dogness International Corp (DOGZ) scores 35 out of 100 on our Financial Profile, indicating weak 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.