Welcome to our dedicated page for Wag! Group Co. news (Ticker: PET), a resource for investors and traders seeking the latest updates and insights on Wag! Group Co. stock.
News and filings for Wag! Group Co. (historically traded under the symbol PET) document a period of strategic activity, financial reporting, asset sales, and a court-supervised restructuring. The company’s press releases describe its focus on serving the service, product, and wellness needs of the modern U.S. pet household through the Wag! app and related digital properties such as Petted, Dog Food Advisor, WoofWoofTV, maxbone, and Furmacy.
Visitors to this news page can review company-issued announcements on quarterly and annual financial results, including revenue breakdowns across Services, Wellness, and Pet Food & Treats, as well as reported net loss and non‑GAAP metrics such as Adjusted EBITDA. Earnings releases also explain how the company defines key operating metrics like Platform Participants and describe trends in marketing spend, debt repayment, and cost management, based on the company’s own commentary.
In addition to earnings updates, Wag! Group Co. has published news about capital markets transactions and strategic steps. These include the pricing of an underwritten public offering of common stock, with stated plans to use net proceeds primarily to repay indebtedness, and the sale of its Furscription veterinary e‑prescription software business to MWI Veterinary Supply Co., with proceeds applied toward obligations under its financing agreement. Press materials also discuss a Board-led review of strategic alternatives, including potential investments, partnerships, sales, or mergers involving the company or its assets.
Later news and related Form 8‑K filings focus on the company’s recapitalization transaction with Retriever LLC and its voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. Releases describe a pre‑packaged plan of reorganization, debtor‑in‑possession financing, and an expected transition of ownership to Retriever. Subsequent disclosures report Nasdaq’s decision to delist the company’s securities and, ultimately, the confirmation and substantial consummation of a plan under which all pre‑bankruptcy common stock and other equity interests were cancelled and extinguished.
This page serves as an archive of company-generated news about PET, from operating and financial updates to restructuring milestones, allowing readers to follow the historical sequence of events as described by Wag! Group Co. in its own public communications.
Wag! Group Co. (NASDAQ: PET), a platform for pet household services, has announced a significant restructuring through a voluntary, pre-packaged Chapter 11 bankruptcy process. The company has reached an agreement with its primary secured lender, Retriever LLC, who will assume ownership following court approval.
The expedited restructuring plan is expected to complete within 40 days, during which operations will continue uninterrupted. Retriever LLC will provide debtor-in-possession (DIP) financing and exit financing to support operations. The plan aims to reduce debt and position Wag! for long-term success under private ownership.
Wag! Group Co. (Nasdaq: PET) has announced and completed the sale of its Furscription business to MWI Veterinary Supply Co. The transaction, which closed on July 14th, 2025, includes the Furscription brand, e-prescribing technology, related assets, and the transfer of four Wag! employees to MWI.
The cash proceeds from the sale will be used to pay down outstanding debt. This strategic move aligns with Wag!'s ongoing efforts to strengthen its financial position and focus on core service and wellness offerings. For MWI, the acquisition enhances their tech-enabled solutions portfolio, providing veterinary practices with improved prescription management capabilities.
[ "Strategic debt reduction through sale proceeds", "Streamlined business focus on core services and wellness offerings", "Successful exit of non-core business unit", "Alignment with ongoing strategic review to enhance shareholder value" ]Wag! Group Co. (Nasdaq: PET) reported its Q1 2025 financial results, showing revenues of $15.2 million, a significant decrease from $23.2 million in Q1 2024. The revenue breakdown includes $4.9 million from Services, $9.2 million from Wellness, and $1.1 million from Pet Food & Treats. The company reported a net loss of $4.9 million, higher than the $4.2 million loss in Q1 2024, and an Adjusted EBITDA loss of $1.2 million compared to a positive $0.2 million in the previous year.
Despite the declining numbers, CEO Garrett Smallwood stated the results were slightly ahead of profitability expectations. For full-year 2025, Wag! maintains its guidance of revenue between $84-88 million and Adjusted EBITDA of $2.0-4.0 million. The company highlighted its focus on disciplined cost management, operational streamlining, and higher-return initiatives, while noting positive early traction from new distribution partnerships.
Wag! Group Co. (Nasdaq: PET), a platform focused on pet household services, products, and wellness needs, has scheduled its first quarter 2025 financial results announcement for May 12, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.
Interested investors and analysts can join the call by dialing 800-717-1738 (international: 1-646-307-1865). A live audio webcast will be available at investors.wag.co, with a replay accessible for 90 days after the call.
Wag! Group Co. (Nasdaq: PET) reported its Q4 and full-year 2024 financial results, while announcing a strategic review to maximize shareholder value. The company's Board is exploring options including potential investments, partnerships, sale, or merger.
Key financial highlights for Q4 2024:
- Revenue: $15.4M (down from $21.7M in Q4 2023)
- Net loss: $4.8M (increased from $3.5M in Q4 2023)
- Adjusted EBITDA loss: $1.0M
Full-year 2024 performance:
- Revenue decreased 16% to $70.5M (from $83.9M in 2023)
- Net loss: $17.6M (up from $13.3M in 2023)
- Adjusted EBITDA loss: $1.1M
For 2025, Wag! projects revenue between $84M-$88M and Adjusted EBITDA of $2.0M-$4.0M. BofA Securities is serving as financial advisor for the strategic review process.
Wag! Group Co. (Nasdaq: PET) reported declining Q3 2024 financial results. Revenue decreased 39% to $13.2 million from $21.8 million in Q3 2023, comprising $5.4M in Services, $6.5M in Wellness, and $1.3M in Pet Food & Treats. Net loss widened to $6.3 million from $2.2 million year-over-year. Adjusted EBITDA loss was $1.9 million compared to positive $1.0 million in Q3 2023. The company paid down $5 million in debt and provided Q4 2024 guidance of $15-18 million in revenue and full-year 2024 guidance of $70-73 million.
Wag! Group Co. (Nasdaq: PET) announced it will release its third quarter 2024 financial results before market open on Wednesday, November 13, 2024. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors and analysts can participate by dialing 800-717-1738 (international: 1-646-307-1865). A live audio webcast and replay will be available at investors.wag.co, with the replay accessible for 90 days.
Wag! Group Co. (Nasdaq: PET) reported its Q2 2024 financial results. The company achieved a record quarterly Adjusted EBITDA of $1.6 million, up from $0.1 million in Q2 2023. Despite this, revenues decreased by 6% to $18.7 million. The net loss improved to $2.3 million from $3.9 million in the same period last year. Business highlights include 467,000 platform participants, down from 549,000 in Q2 2023.
Recent actions include an $8.6 million public offering to be used for debt repayment. For Q3 2024, the company expects revenue between $20 million and $24 million and Adjusted EBITDA between $1.5 million and $2.5 million. For the full year 2024, revenue is projected to be between $92 million and $102 million, with Adjusted EBITDA in the range of $4 million to $8 million.
Wag! (Nasdaq: PET) will report its second quarter 2024 financial results on August 7, 2024, after market close. The company aims to be the leading platform for the service, product, and wellness needs of modern U.S. pet households. A conference call to discuss these results will occur at 4:30 p.m. ET. Investors and analysts can join the call by dialing 800-717-1738 (international: 1-646-307-1865) 10 minutes before the call. A live audio webcast will be accessible online at https://investors.wag.co/. A recorded replay will be available online approximately three hours after the call and can be accessed for 90 days.
Wag! Group Co. (Nasdaq: PET), a platform for pet services, products, and wellness, has announced the pricing of its public offering of 7,407,407 shares of common stock at $1.35 per share. The offering is expected to raise $10 million in gross proceeds. Wag! plans to use the net proceeds to repay approximately $8.5 million of debt, with the remainder for working capital and general corporate purposes. The offering is set to close around July 18, 2024, subject to customary conditions. Craig-Hallum is acting as the sole managing underwriter. The offering is made pursuant to a shelf registration statement filed with the SEC, with a final prospectus supplement to be filed.
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