Filing Flows › Petmed Express (PETS) › Q1 FY27
Petmed Express (PETS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 13, 2026
Petmed Express (PETS) reported revenue of $41.0M for the first quarter fiscal 2027 (Q1 FY27), -20% from a year earlier and -4% from the quarter before. Operating margin was -15.2%, net loss $6.1M (15.0% of revenue).
Petmed Express, Q1 FY27: revenue $41.0M (-20% year over year), operating margin -15.2%, net loss $6.1M, operating cash flow −$7.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.0M | -4% | -20% |
| Operating profit | −$6.2M | — | — |
| Net earnings | −$6.1M | — | — |
| Operating cash flow | −$7.7M | — | — |
What changed
Revenue was $41.0M in Q1 FY27, down 20% year over year and down 4% from the previous quarter.
Gross margin was 27.6%, down 0.5 points from Q1 FY26. Operating costs exceeded revenue by $6.2M, an operating margin of -15.2%. Operating expenses fell 64% while revenue fell 20%. The quarter ended with a net loss of $6.1M, wider than the previous quarter's $4.1M loss.
Operating cash flow was −$7.7M. Non-cash charges added back $2.1M of depreciation and amortization and $198K of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $641K exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Petmed Express' revenue in the first quarter fiscal 2027?
Petmed Express (PETS) reported revenue of $41.0M for the first quarter fiscal 2027 (Q1 FY27), -20% from a year earlier and -4% from the quarter before.
Was Petmed Express profitable in the first quarter fiscal 2027?
Operating loss was $6.2M (-15.2% of revenue) and net loss $6.1M.
Source: Petmed Express 10-Q on SEC EDGAR.