Wag! Group Co. (PETXQ) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 7, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PETXQ SEC filings page.
Wag! Group Co. (PETXQ) reported $60.5M in revenue over the twelve months to Jun 30, 2025, down 29.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
High gross margins have not translated into viability: shrinking revenue now meets negative equity and obligations concentrated in the current balance sheet.
Revenue fell from$83.9M in FY2023 to$70.5M in FY2024 while gross margin stayed broadly stable, pointing to volume or mix pressure rather than a direct-cost collapse. Net loss reached-$17.6M against operating cash flow of-$7.0M , creating an earnings-to-cash gap that reflects noncash charges and/or working-capital movements rather than equivalent cash consumption.
Equity moved from
SG&A contraction from
Financial Health Signals
Wag! Group Co. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Wag! Group Co. passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Wag! Group Co. reported a net loss of $17.6M while operations used $7.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Wag! Group Co. generated $16.7M in revenue in Q2 2025. This represents a decrease of 10.4% from the same quarter a year earlier. Against the prior quarter it is up 10.3%.
Wag! Group Co. reported -$6.1M in net income in Q2 2025. This represents a decrease of 173.0% from the same quarter a year earlier. Against the prior quarter it is down 25.7%.
Wag! Group Co. earned -$0.12 per diluted share (EPS) in Q2 2025. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 20.0%.
Not reported for Q2 2025.
Cash & Balance Sheet
Wag! Group Co. recorded an outflow of $2.9M in free cash flow in Q2 2025, representing a cash shortfall after capex. This represents a decrease of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 383.7%.
Wag! Group Co. held $2.7M in cash as of Q2 2025; long-term debt is not reported for that period.
Not reported for Q2 2025.
Margins & Returns
Wag! Group Co.'s gross margin was 92.3% in Q2 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Wag! Group Co.'s net profit margin was -36.8% in Q2 2025, showing the share of revenue converted to profit. This is down 24.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
Not reported for Q2 2025.
Not reported for Q2 2025.
Capital Allocation
Wag! Group Co. invested $207K in capex in Q2 2025, funding long-term assets and infrastructure. This represents a decrease of 62.7% from the same quarter a year earlier. Against the prior quarter it is down 47.7%.
Not reported for Q2 2025.
Not reported for Q2 2025.
PETXQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M-10.4% | $15.2M-34.7% | $15.4M-28.8% | $13.2M-39.4% | $18.7M-5.9% | $23.2M+12.6% | $21.7M+27.2% | $21.8M+41.8% |
| Cost of Revenue | $1.3M+10.6% | $1.4M-8.2% | $1.4M-20.1% | $1.1M-20.5% | $1.2M-6.8% | $1.6M+53.0% | $1.8M+77.2% | $1.4M+41.1% |
| Gross Profit | $15.4M-11.7% | $13.7M-36.6% | $14.0M-29.6% | $12.1M-40.8% | $17.5M-5.8% | $21.6M+10.5% | $19.9M+24.1% | $20.4M+41.8% |
| SG&A Expenses | $4.6M+21.2% | $4.0M-6.6% | $4.3M-8.8% | $4.2M-9.6% | $3.8M-21.0% | $4.2M-14.9% | $4.7M+22.4% | $4.7M-80.3% |
| Interest Expense | $1.6M-1.2% | $1.2M-37.3% | $1.2M-28.6% | $1.5M-21.8% | $1.6M-15.8% | $1.9M+0.6% | $1.7M-17.6% | $1.9M+160.5% |
| Income Tax | $60K-26.8% | -$41K-4000.0% | $82K+485.7% | $0-100.0% | $82K+115.8% | -$1K | $14K | $41K |
| Net Income | -$6.1M-173.0% | -$4.9M-15.3% | -$4.8M-38.9% | -$6.3M-185.2% | -$2.3M+41.8% | -$4.2M-12.0% | -$3.5M-159.7% | -$2.2M+94.6% |
| EPS (Basic) | -$0.12-100.0% | -$0.10+9.1% | -$0.090.0% | -$0.13-116.7% | -$0.06+40.0% | -$0.11-10.0% | -$0.09-105.9% | -$0.06+96.4% |
| EPS (Diluted) | -$0.12-100.0% | -$0.10+9.1% | -$0.090.0% | -$0.13-116.7% | -$0.06+40.0% | -$0.11-10.0% | -$0.09 | -$0.06+96.4% |
| Diluted Shares (Avg) | 51M+24.2% | 50M+26.0% | N/A | 48M+22.6% | 41M+7.4% | 40M+8.1% | N/A | 39M+58.9% |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.
PETXQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.4M-27.4% | $28.8M-29.3% | $29.4M-37.0% | $32.6M-32.4% | $33.6M-33.9% | $40.8M-17.9% | $46.7M-10.7% | $48.2M-28.0% |
| Current Assets | $10.9M-42.6% | $14.7M-44.1% | $15.1M-52.6% | $18.3M-46.8% | $19.0M-45.0% | $26.2M-24.5% | $31.8M-33.0% | $34.3M-45.3% |
| Cash & Equivalents | $2.7M-71.1% | $6.1M-51.4% | $5.6M-69.3% | $8.4M-62.1% | $9.2M-62.8% | $12.6M-48.6% | $18.3M-53.0% | $22.3M-20.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $5.5M-26.3% | $5.5M-50.2% | $6.6M-34.4% | $6.5M-22.8% | $7.5M-3.2% | $11.1M+35.0% | $10.0M+70.7% | $8.5M+33.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $4.6M0.0% | $4.6M0.0% | $4.6M0.0% | $4.6M0.0% | $4.6M-8.8% | $4.6M+3.2% | $4.6M+220.2% | $4.6M+225.6% |
| Total Liabilities | $32.4M-8.4% | $32.3M-23.1% | $29.9M-33.6% | $30.2M-31.8% | $35.4M-22.7% | $42.0M-0.2% | $45.1M+6.3% | $44.3M-25.9% |
| Current Liabilities | $32.0M+142.7% | $31.9M+61.5% | $29.5M+60.1% | $29.6M+69.6% | $13.2M-30.1% | $19.7M+22.3% | $18.4M+11.6% | $17.5M-49.5% |
| Non-Current Liabilities | $387K-98.3% | $422K-98.1% | $464K-98.3% | $587K-97.8% | $22.2M-17.6% | $22.3M-14.2% | $26.7M+2.9% | $26.8M+6.7% |
| Long-Term Debt | N/A | N/A | $0-100.0% | $0-100.0% | $21.5M-16.0% | $21.4M-15.2% | $25.7M+2.8% | $25.7M+5.0% |
| Total Equity | -$8.0M-348.6% | -$3.5M-180.2% | -$489K-129.7% | $2.4M-39.5% | -$1.8M-135.4% | -$1.2M-116.4% | $1.6M-83.4% | $3.9M-45.8% |
| Retained Earnings | -$190.3M-13.1% | -$184.2M-11.0% | -$179.3M-10.9% | -$174.5M-10.2% | -$168.2M-7.8% | -$166.0M-9.0% | -$161.7M-9.0% | -$158.3M-2.6% |
Not reported in any period shown, so not listed: Inventory.
PETXQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-21.6% | $1.4M+737.5% | -$1.7M+6.1% | -$3.3M-41.6% | -$2.2M-274.7% | $168K+104.7% | -$1.8M-337.5% | -$2.3M-504.4% |
| Depreciation & Amortization | $751K+29.5% | $644K+11.4% | $619K+23.1% | $583K+40.8% | $580K+54.7% | $578K+51.7% | $503K+259.3% | $414K+209.0% |
| Stock-Based Compensation | $1.7M-0.1% | $1.9M+44.4% | N/A | $1.8M+73.4% | $1.7M+47.7% | $1.3M-3.4% | N/A | $1.1M-95.5% |
| Capital Expenditures | $207K-62.7% | $396K+29.8% | $567K+76.6% | $405K+4400.0% | $555K+3600.0% | $305K+1806.3% | $321K+2040.0% | $9K-59.1% |
| Free Cash Flow | -$2.9M-4.5% | $1.0M+838.0% | -$2.3M-6.2% | -$3.7M-58.6% | -$2.7M-321.6% | -$137K+96.2% | -$2.2M-384.5% | -$2.3M-522.3% |
| Investing Cash Flow | -$207K+69.7% | -$396K-29.8% | -$567K+64.5% | -$405K-218.4% | -$683K-31.9% | -$305K+97.1% | -$1.6M-1266.7% | $342K-94.8% |
| Financing Cash Flow | -$586K-17.9% | -$518K+90.7% | -$519K+4.1% | $2.9M+638.3% | -$497K-11.7% | -$5.6M-1302.8% | -$541K+96.3% | -$533K-101.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PETXQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.3%-1.4pp | 90.5%-2.7pp | 90.8%-1.0pp | 91.3%-2.1pp | 93.8%+0.1pp | 93.2%-1.8pp | 91.8%-2.3pp | 93.4%0.0pp |
| Net Margin | -36.8%-24.7pp | -32.3%-14.0pp | -31.2%-15.2pp | -47.4%-37.4pp | -12.1%+7.5pp | -18.3%+0.1pp | -16.0%-50.1pp | -10.1% |
| Return on Equity | N/A | N/A | N/A | -263.7%-207.7pp | N/A | N/A | -210.5%-269.0pp | -56.0%+509.6pp |
| Return on Assets | -25.2%-18.5pp | -17.0%-6.6pp | -16.4%-8.9pp | -19.2%-14.7pp | -6.7%+0.9pp | -10.4%-2.8pp | -7.4%-18.5pp | -4.5%+56.5pp |
| Current Ratio | 0.34-1.1x | 0.46-0.9x | 0.51-1.2x | 0.62-1.3x | 1.44-0.4x | 1.33-0.8x | 1.73-1.1x | 1.96+0.2x |
| Debt-to-Equity | N/A | N/A | N/A | 0.00-6.6x | N/A | N/A | 15.59+13.1x | 6.55+3.2x |
| Asset Turnover | 0.69+0.1x | 0.530.0x | 0.52+0.1x | 0.410.0x | 0.56+0.2x | 0.57+0.2x | 0.46+0.1x | 0.45+0.2x |
| FCF Margin | -17.2%-2.4pp | 6.7%+7.3pp | -14.9%-4.9pp | -27.7%-17.1pp | -14.7%-21.0pp | -0.6%+16.9pp | -10.0%-14.4pp | -10.6%-14.1pp |
Not reported in any period shown, so not listed: Operating Margin.
Note: Shareholder equity is negative (-$489K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.51), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Wag! Group Co. Ranks
Frequently Asked Questions
What is Wag! Group Co.'s annual revenue?
Wag! Group Co. (PETXQ) reported $70.5M in total revenue for fiscal year 2024. This represents a -16.0% 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 Wag! Group Co.'s revenue growing?
Wag! Group Co. (PETXQ) revenue declined by 16.0% year-over-year, from $83.9M to $70.5M in fiscal year 2024.
Is Wag! Group Co. profitable?
No, Wag! Group Co. (PETXQ) reported a net income of -$17.6M in fiscal year 2024, with a net profit margin of -24.9%.
How much debt does Wag! Group Co. have?
As of fiscal year 2024, Wag! Group Co. (PETXQ) had $5.6M in cash and equivalents against $0 in long-term debt.
What is Wag! Group Co.'s gross margin?
Wag! Group Co. (PETXQ) had a gross margin of 92.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wag! Group Co.'s net profit margin?
Wag! Group Co. (PETXQ) had a net profit margin of -24.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Wag! Group Co.'s free cash flow?
Wag! Group Co. (PETXQ) recorded an outflow of $8.8M in free cash flow during fiscal year 2024. This represents a -29.4% 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 Wag! Group Co.'s operating cash flow?
Wag! Group Co. (PETXQ) recorded an outflow of $7.0M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Wag! Group Co.'s total assets?
Wag! Group Co. (PETXQ) had $29.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Wag! Group Co.'s capital expenditures?
Wag! Group Co. (PETXQ) invested $1.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Wag! Group Co.'s current ratio?
Wag! Group Co. (PETXQ) had a current ratio of 0.51 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Wag! Group Co.'s return on assets (ROA)?
Wag! Group Co. (PETXQ) had a return on assets of -59.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Wag! Group Co.'s debt-to-equity ratio negative or not reported?
Wag! Group Co. (PETXQ) has negative shareholder equity of -$489K as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Wag! Group Co.'s Piotroski F-Score?
Wag! Group Co. (PETXQ) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Wag! Group Co.'s earnings high quality?
Wag! Group Co. (PETXQ) reported a net loss of $17.6M while operations used $7.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.