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Petco Health & Wellness Company cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$130M in Q2 FY27 · $238M over twelve months

Operating cash flow$162M
Capital spending−$31.6M
Free cash flow+$130M
Cash / net income4.2×
Cash conversion cycle17 days

Analysis

In Q2 FY27, Petco Health & Wellness Company generated $162M of operating cash flow and spent $31.6M on capital projects, leaving free cash flow of $130M.

Over the twelve months to Aug 1, 2026, operating cash flow was $374M; the largest uses were net borrowing (+) / repaid (−) ($1.6B), capital spending ($136M), taxes on employees’ shares ($5.8M); besides operations, cash came from other financing ($1.5B), other investing ($496K); the cash balance rose by $105M.

Operating cash flow was $162M against net income of $38.7M — 4.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$50.4M, inventory +$31.3M, payables −$25.5M.

Its cash conversion cycle was 17 days (receivables 2 + inventory 63 − payables 47).

Free cash flow

Petco Health & Wellness Company: free cash flow by quarterPetco Health & Wellness Company: free cash flow by quarter−$10.3MQ3 FY25$59.0MQ4 FY25−$43.9MQ1 FY26$53.8MQ2 FY26$60.6MQ3 FY26$116MQ4 FY26−$69.1MQ1 FY27$130MQ2 FY27
Operating cash flow less capital spending.
Petco Health & Wellness Company: operating cash flow against capital spendingPetco Health & Wellness Company: operating cash flow against capital spendingOperating cash flowCapital spending$20.7M$31.0MQ3 FY25$96.0M$36.9MQ4 FY25−$15.5M$28.4MQ1 FY26$85.9M$32.1MQ2 FY26$90.1M$29.4MQ3 FY26$154M$37.1MQ4 FY26−$31.0M$38.2MQ1 FY27$162M$31.6MQ2 FY27
Latest (Q2 FY27): Operating cash flow $162M, Capital spending $31.6M.

Capital allocation, year by year

Petco Health & Wellness Company: where the cash came from (up) and went (down), by fiscal yearPetco Health & Wellness Company: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY22: Operating cash flow $358MFY22: Net borrowing $5.6MFY22: Asset sales $226KFY22: Capital spending −$239MFY22: Acquisitions −$4.3M$364MFY22FY23: Operating cash flow $346MFY23: Net borrowing −$22.1MFY23: Asset sales $2.3MFY23: Capital spending −$278MFY23: Acquisitions −$9.6M$348MFY23FY24: Operating cash flow $216MFY24: Net borrowing −$80.9MFY24: Capital spending −$226MFY24: Acquisitions −$6.7M$216MFY24FY25: Operating cash flow $178MFY25: Net borrowing −$5.7MFY25: Shares issued $2.5MFY25: Asset sales $1.4MFY25: Capital spending −$128MFY25: Acquisitions −$629K$182MFY25FY26: Operating cash flow $314MFY26: Net borrowing −$101MFY26: Asset sales $2.5MFY26: Capital spending −$127M$317MFY26
Over these 5 years operating cash flow totalled $1.4B; the largest uses were capital spending ($998M) and net borrowing ($210M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$293M
Debt$1.5B
Net debt$1.2B
Due within a year$12.1M

Petco Health & Wellness Company funds itself: free cash flow was $238M over the last twelve months, and $293M of cash and investments stands against $1.5B of debt ($12.1M due within a year, 24.3× covered by cash).

Where the cash came from and went

Petco Health & Wellness Company: sources (+) and uses (−) of cash, Q2 FY27Petco Health & Wellness Company: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$162MCash drawn (+) / kept (−)−$127MCapital spending−$31.6MNet borrowing (+) / repaid (−)−$4.3MOther financing$915KOther investing$192KTaxes on employees’ shares−$167K
Petco Health & Wellness Company: sources (+) and uses (−) of cash, TTM to Q2 FY27Petco Health & Wellness Company: sources (+) and uses (−) of cash, TTM to Q2 FY27Net borrowing (+) / repaid (−)−$1.6BOther financing$1.5BOperating cash flow$374MCapital spending−$136MCash drawn (+) / kept (−)−$105MTaxes on employees’ shares−$5.8MOther investing$496KAsset & business sales$116K

From profit to cash

Petco Health & Wellness Company: net income to operating cash flow, Q2 FY27Petco Health & Wellness Company: net income to operating cash flow, Q2 FY27Net income$38.7MDepreciation & amortization$50.4MStock-based pay$8.6MDeferred taxes−$1.7MReceivables−$1.5MInventory$31.3MPayables−$25.5MAccrued liabilities$9.2MEmployee-related liabilities$24.7MPrepaid and other assets$12.0MOperating cash flow$162M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY272634717
Q1 FY273604617
Q4 FY263594319
Q3 FY262624321
Q2 FY262634520
Q1 FY262644819
Q4 FY252634421
Q3 FY253664524

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 FY27$162M−$31.6M—−$4.3M−$127M$130M
Q1 FY27−$31.0M−$38.2M—−$1.1M$101M−$69.1M
Q4 FY26$154M−$37.1M—−$96.4M−$20.0M$116M
Q3 FY26$90.1M−$29.4M—−$1.2M−$59.7M$60.6M
Q2 FY26$85.9M−$32.1M—−$2.1M−$51.0M$53.8M
Q1 FY26−$15.5M−$28.4M—−$1.1M$42.9M−$43.9M
Q4 FY25$96.0M−$36.9M−$165K—−$60.6M$59.0M
Q3 FY25$20.7M−$31.0M−$205K−$1.1M$12.6M−$10.3M

Petco Health & Wellness Company: income statement and cash flow

Petco Health & Wellness Company, Q2 FY27: revenue $1.5B (0% year over year), operating margin 3.2%. The chart follows the revenue to costs, profit and cash.

Petco Health & Wellness Company: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.