PetMed Express Inc
NASDAQ: PETS · HEALTHCARE · PHARMACEUTICAL RETAILERS
Updated 2026-06-04
PetMed Express Inc (PETS) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $137.58M | $12.06M | 39.50% | 13.19% | 8.77% |
| 2007 | $162.25M | $14.44M | 39.80% | 13.25% | 8.90% |
| 2008 | $188.34M | $20.02M | 39.41% | 14.86% | 10.63% |
| 2009 | $219.41M | $22.98M | 38.89% | 15.59% | 10.47% |
| 2010 | $238.27M | $26.00M | 38.55% | 17.02% | 10.91% |
| 2011 | $231.64M | $20.87M | 36.24% | 14.26% | 9.01% |
| 2012 | $238.25M | $16.66M | 33.65% | 10.92% | 6.99% |
| 2013 | $227.83M | $17.16M | 33.85% | 11.85% | 7.53% |
| 2014 | $233.39M | $17.97M | 33.26% | 12.09% | 7.70% |
| 2015 | $229.40M | $17.45M | 33.25% | 12.04% | 7.61% |
| 2016 | $234.68M | $20.57M | 32.51% | 13.80% | 8.76% |
| 2017 | $249.18M | $23.82M | 31.83% | 15.04% | 9.56% |
| 2018 | $273.80M | $37.28M | 35.72% | 19.04% | 13.62% |
| 2019 | $283.42M | $37.74M | 33.63% | 16.29% | 13.32% |
| 2020 | $284.13M | $25.85M | 28.60% | 10.90% | 9.10% |
| 2021 | $303.58M | $23.92M | 27.77% | 10.06% | 7.88% |
| 2022 | $273.42M | $21.10M | 27.55% | 9.40% | 7.72% |
| 2023 | $256.58M | $5.14M | 27.68% | 2.55% | 2.00% |
| 2024 | $274.10M | $-7.46M | 28.35% | -2.54% | -2.72% |
| 2026 | $226.97M | $-6.27M | 30.46% | -0.67% | -2.76% |
Frequently asked questions
What is PetMed Express Inc's revenue?
PetMed Express Inc's trailing twelve-month revenue is $179.02M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PETS?
In its most recent fiscal year, PETS ran a gross margin of 30.46%, an operating margin of -0.67%, and a net margin of -2.76%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PETS generate?
PETS produced $-395000.00 in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.