PetMed Express experienced a challenging fourth quarter in fiscal year 2025, with estimated net sales decreasing to a range of $51.1 million to $53.1 million from $66.5 million in the prior year, and an estimated net loss widening to $9.9 million to $10.4 million from $5.0 million. The net loss for the quarter included a significant $6.4 million tax expense impact from a valuation allowance on deferred tax assets. For the full fiscal year, net sales are estimated to be between $231.6 million and $233.6 million, down from $281.1 million, and the net loss is estimated to be $4.5 million to $5.0 million, an improvement from a $7.5 million net loss in the prior year, partly due to a one-time stock compensation reversal.
Q4 2025 net sales are estimated to be between $51.1 million and $53.1 million, a significant decrease from $66.5 million in Q4 2024.
Q4 2025 net loss is estimated to range from $9.9 million to $10.4 million, compared to a net loss of $5.0 million in the prior year period.
The Q4 2025 net loss includes a $6.4 million tax expense impact due to a valuation allowance on net deferred tax assets.
As of March 31, 2025, the company reported $54.7 million in cash and no debt.
PetMed Express expects to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, by July 1, 2025. The company will reschedule its earnings release and conference call once the filing date is confirmed. The preliminary financial information is subject to change based on final adjustments and audit developments.