Petmed Express (PETS) Operating Expenses (2010 - 2026)
Petmed Express (PETS) posted quarterly Operating Expenses of $19.9 million for Q4 2025, up 20.17% year-over-year from $16.6 million in Q4 2024, and down 4.18% quarter-over-quarter from $20.8 million in Q3 2025.
Petmed Express (PETS) Operating Expenses (2010 - 2026) Analysis & Trends
Petmed Express' Operating Expenses history runs 16 years deep, the most recent figure standing at $19.9 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 20.17% year-over-year to $19.9 million; the TTM figure through Dec 2025 stood at $110.5 million (up 52.64% YoY), while the FY2025 annual figure was $70.7 million, down 23.96% from the prior year.
- Operating Expenses for Q4 2025 stood at $19.9 million, down from $20.8 million in the prior quarter.
- The five-year high for Operating Expenses was $48.5 million in Q2 2025, with the low at $11.1 million in Q3 2021.
- The 5-year median for Operating Expenses is $17.9 million (2022), against an average of $19.5 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 46.0% in 2024, then jumped 231.27% in 2025.
- Petmed Express' Operating Expenses stood at $12.6 million in 2021, then surged by 37.86% to $17.3 million in 2022, then gained by 29.74% to $22.5 million in 2023, then slipped by 26.3% to $16.6 million in 2024, then gained by 20.17% to $19.9 million in 2025.
- Business Quant data shows PETS's Operating Expenses at $19.9 million in Q4 2025, $20.8 million in Q3 2025, and $48.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | -30.85 Mn |
| 2 | BioScience Health Innovations | 46.85 Mn | 46.14 Mn | 659,483.00 | 877,365.00 |
| 3 | Petmed Express | 38.27 Mn | 25.17 Mn | 11.33 Mn | 17.57 Mn |
| 4 | Scienture Holdings | 18.71 Mn | 18.71 Mn | 335,779.00 | 3.04 Mn |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 717,539.00 |
| 6 | Ridgetech | 58,250.67 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.57 Mn |
| Mar 31, 2026 | 19.63 Mn |
| Dec 31, 2025 | 19.93 Mn |
| Sep 30, 2025 | 20.80 Mn |
| Jun 30, 2025 | 48.54 Mn |
| Mar 31, 2025 | 21.22 Mn |
| Dec 31, 2024 | 16.58 Mn |
| Sep 30, 2024 | 18.22 Mn |
| Jun 30, 2024 | 14.65 Mn |
| Mar 31, 2024 | 22.92 Mn |
| Dec 31, 2023 | 22.50 Mn |
| Sep 30, 2023 | 20.38 Mn |
| Jun 30, 2023 | 27.13 Mn |
| Mar 31, 2023 | 18.26 Mn |
| Dec 31, 2022 | 17.34 Mn |
| Sep 30, 2022 | 17.30 Mn |
| Jun 30, 2022 | 17.55 Mn |
| Mar 31, 2022 | 12.63 Mn |
| Dec 31, 2021 | 12.58 Mn |
| Sep 30, 2021 | 11.09 Mn |