Wag! Group Co. ( (PET) ) has released its Q1 earnings. Here is a breakdown of the information Wag! Group Co. presented to its investors.
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Wag! Group Co. is a company focused on addressing the service, product, and wellness needs of modern U.S. pet households, offering services such as on-demand dog walking and pet insurance comparison through its platform.
In the first quarter of 2025, Wag! Group Co. reported revenues of $15.2 million, down from $23.2 million in the same period the previous year. The company experienced a net loss of $4.9 million, slightly higher than the $4.2 million loss in the first quarter of 2024.
Key financial metrics highlighted a decline in adjusted EBITDA, which showed a loss of $1.2 million compared to a positive $0.2 million in the prior year. Despite these challenges, the company noted progress with new distribution partnerships and maintained a focus on cost management and operational efficiency.
Looking ahead, Wag! Group Co. expects full-year 2025 revenue to range between $84 million and $88 million, with adjusted EBITDA projected to be between $2.0 million and $4.0 million. The company remains committed to delivering long-term value for shareholders through strategic initiatives and partnerships.