The earnings call presented a mixed picture with notable achievements in cost reduction, strategic partnerships, and participant growth, but also highlighted challenges with revenue decline and profitability. The company remains committed to strategic growth and operational efficiency.
Company Guidance -
Q2 2025
During the Q1 2025 earnings call, Wag! provided guidance for the fiscal year 2025, projecting revenue in the range of $84 million to $88 million and adjusted EBITDA between $2 million and $4 million. The company reported Q1 revenue of $15.2 million and an adjusted EBITDA loss of $1.2 million, reflecting a slight decline from the previous quarter. The quarter saw a 6% growth in platform participants, totaling 472,000. Despite a year-over-year decline in revenue, Wag! achieved improved adjusted EBITDA through disciplined cost management, with total costs and expenses down 25% compared to the previous year. Sales and marketing expenses were $10.4 million, aligning with the historical range of 60% to 70% of revenue, while G&A expenses were $4 million, consistent with the 20% to 26% range. The company ended the quarter with $11.7 million in cash and equivalents, and remains focused on enhancing operational efficiencies and strategic partnerships to drive growth.
Improved Adjusted EBITDA
Despite a year-over-year decline in revenue, Wag! delivered improved adjusted EBITDA through disciplined cost management and operational efficiencies.
Cost and Expense Reduction
Total costs and expenses for Q1 were down 25% year-over-year, saving over $6 million.
Strategic Partnerships
All three major distribution partners went live at the end of Q1, expected to significantly impact the insurance comparison business starting Q2.
Increase in Platform Participants
The Wag! platform saw a sequential quarter-over-quarter growth of 6%, reaching 472,000 participants.
Wag! Group (PET) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PET Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 12, 2025
$0.15
$0.15
0.00%
Mar 24, 2025
$0.25
$0.20
-20.00%
Nov 13, 2024
$0.66
$0.21
-68.18%
Aug 07, 2024
$1.03
$1.03
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Wag! Group (PET) report earnings?
Wag! Group (PET) is schdueled to report earning on Aug 06, 2025, Before Open (Confirmed).
What is Wag! Group (PET) earnings time?
Wag! Group (PET) earnings time is at Aug 06, 2025, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.