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Wag! Group Co.OTCPK:PETX.Q Stock Report

Market Cap US$302.5k
Share Price
US$0.0059
My Fair Value
n/a
1Y-99.3%
7D-16.1%
Portfolio Value
​
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Wag! Group Co.

OTCPK:PETX.Q Stock Report

Market Cap: US$302.5k

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Wag! Group (PETX.Q) Stock Overview

Develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. More details

PETX.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Risk Analysis

Has less than 1 year of cash runway

Negative shareholders equity

Highly volatile share price over the past 3 months compared to the US market

Does not have a meaningful market cap ($302K)

+ 1 more risk

PETX.Q Community Fair Values

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Wag! Group Co. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Wag! Group
Historical stock prices
Current Share PriceUS$0.0059
52 Week HighUS$1.01
52 Week LowUS$0.0045
Beta1.15
1 Month Change-29.22%
3 Month Change-95.84%
1 Year Change-99.30%
3 Year Change-99.88%
5 Year Changen/a
Change since IPO-99.94%

Recent News & Updates

Recent updates

Analysis Article • Feb 17

Wag! Group Co.'s (NASDAQ:PET) Shares Bounce 36% But Its Business Still Trails The Industry

Wag! Group Co. ( NASDAQ:PET ) shares have continued their recent momentum with a 36% gain in the last month alone. But...
Analysis Article • Jan 03

Wag! Group Co. (NASDAQ:PET) Stock Catapults 27% Though Its Price And Business Still Lag The Industry

Those holding Wag! Group Co. ( NASDAQ:PET ) shares would be relieved that the share price has rebounded 27% in the last...
Analysis Article • Nov 15

Wag! Group Co.'s (NASDAQ:PET) 78% Dip In Price Shows Sentiment Is Matching Revenues

Wag! Group Co. ( NASDAQ:PET ) shareholders that were waiting for something to happen have been dealt a blow with a 78...
Analysis Article • May 12

Earnings Update: Wag! Group Co. (NASDAQ:PET) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

It's been a good week for Wag! Group Co. ( NASDAQ:PET ) shareholders, because the company has just released its latest...
Analysis Article • Apr 29

Wag! Group (NASDAQ:PET) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 19

Investors Continue Waiting On Sidelines For Wag! Group Co. (NASDAQ:PET)

Wag! Group Co.'s ( NASDAQ:PET ) price-to-sales (or "P/S") ratio of 0.9x may look like a pretty appealing investment...
Analysis Article • Feb 24

Wag! Group Co. (NASDAQ:PET) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates

Wag! Group Co. ( NASDAQ:PET ) just released its latest yearly results and things are looking bullish. Results overall...
Seeking Alpha • Aug 28

Wag! Group Goes Public: Pawsome Second Quarter Performance

Summary Wag! Group IPOs on NASDAQ on the 10 August 2022, one year after fellow dog walking competitor ROVER went public. PET Q2 2022 financial results are showing improved top and bottom line performance. Cautious of the decline in stock price this week and negative publicity around security breaches, dog safety that can impact brand image. Wag! Group Co. (PET), a subscription-based mobile pet service marketplace, is a front runner in consolidating a fragmented pet industry and providing consumers access to all their pet-based needs from a single online platform. We've seen traditional brick-and-mortar industries repeatedly disrupted through the likes of Airbnb, Uber, and Etsy. PET is doing the same in the animal care space. 90% of its customers had never used a dog walker before the app. PET went public this month on NASDAQ after merging with CHW Acquisition Corp (CHWA.O) at an initial stock price of $8.20, raising $125 million. Although the stock price has dropped to $4.95, we are evaluating a young and unprofitable company with a volatile operational history. It has released a robust set of second-quarter results. Its premium paid subscription licenses have grown from 34% to 50%. On top of that, the US pet industry is a hundred-billion-dollar industry, and most recently, the company has started tapping into ample opportunities in the health and wellness pet sector. For these reasons, I believe investors may want to take a cautious but bullish stance on this company with a lot more upside potential shortly. Introduction PET was founded in 2015 in San Francisco. The business model is very similar to Uber. It connects dog owners to a network of caretakers who are independent contractors. PET takes up to 40% of every booking made, and it has a recurring premium license fee of $9.99 per month that platform users can choose to subscribe to. The company multiplied and is now in over 4600 US cities. It attracted several celebrity endorsements and SoftBank's $300 million investment in 2018, its biggest backer. For a young company, it already has quite a colourful history of layoffs, failed global expansion plans, and ending a partnership deal with Petco (WOOF). SoftBank also sold its stake in the board at the end of 2019, and then CEO Hilary Schneider jumped ship along with them. Since 2019 Garrett Smallwood has been the CEO and saw them through the recent IPO offering. The company went public by merging with CHW Acquisition Corp (CHWA.O), which provided them with $175 million in gross cash. CHWA.O is an acquisition company that focuses on providing capital to private companies by merging and subsequently IPOing these companies. PET shareholders own the majority of the company. Blue Torch Capital was also part of the merger with a debt financing of $30 million. PET competes with another dog walking platform, Rover (ROVR). ROVR has a much larger market share in the world of dog walking in the States. It IPO'd one year ago. However, the stock has yet to succeed. PET distinguishes itself from its competitors by not only offering sitters and walkers. It aims to give you access to a high-quality network of pet wellness services. Services include dog walking, pet sitting, training classes and veterinary care, available in 50 US states. Customers have access to over 400,000 well-rated local caretakers and trainers. In the image below, we can see the services. The attach rate, i.e. services sold together, has increased to 26%. The company still has plans to go international. PET services (Investor Presentation 2022) Financials and Valuation Although PET is still a loss-making company, it is in the early growth stages. It officially started trading on NASDAQ on 10 August 2022. We want to look at the trends in annual and quarterly results, the number of premium subscriptions, the booking activity through the site and the growth in customer lifetime value. Keeping that in mind, what we can see from the Q2 2022 financial results is exciting to review. Revenues increased year on year by 256% to $12.8 million. There were significant improvements with adjusted EBITDA, which exceeded analyst expectations. The company's gross bookings increased by 141% yearly to $17.5 million. Net loss improved by $1.3 million to a $1.1 million YoY and adjusted EBITDA improved by $1.4 million to a loss of $900,000 YoY. Q2 2022 Performance Highlights (Investor Presentation 2022) It is crucial to evaluate the engagement of customers and their potential value for PET. If we look at the growth of premium licenses, at a fee of $9.99 per month, year on year went up from 34% to 50%. It is also a very positive sign for increased engagement in the application. Customers making use of multiple services has risen to 58%. The number of bookings increased by 124% if we compare it to the same period one year ago. At the end of Q1 2022, there were 387,000 platform participants. Below we can see the impact of the wellness services on PET's revenues increasing since 2021. Wag! Wellness Revenue By month (Investor Presentation 2022) The graph shows that the company struggled during the COVID-19 year as the demand for its services was reduced due to lockdowns and an increase in remote work opportunities. The additional services have had a significant revenue boost since going live in 2021. Monthly Revenue Trend (Investor Presentation 2022) The management team has also improved its forecast for the entire year, expecting revenue in the range of $49 million and EBITDA around a loss of $8 million. Since going public, news has been optimistic about the stock's performance. There are not many analysts that have made recommendation reviews. However, one Wall Street analyst recommends PET as a 'Strong Buy'. PET has a small market cap of $187.34 million and is unprofitable. By doing a relative valuation between comparable public companies that have been in the online consumer marketplaces for a more extended period, we can see PET has a relatively high but improving valuation if we consider the forward-looking ratio. These companies are recognisable internet brands with solid user growth, robust big data and analytics infrastructures, and mobile presence and are highly disruptive in traditional industries.
Seeking Alpha • Aug 16

Wag! Group  GAAP EPS of -$0.17, revenue of $12.78M, raises FY guidance

Wag! Group  press release (NASDAQ:PET): Q2 GAAP EPS of -$0.17. Revenue of $12.78M (+259.0% Y/Y). FY GUIDANCE: Revenue in the range of $47.5 million to $49.0 million, a 15.4% improvement versus our prior forecast at the midpoint of the range. Adjusted EBITDA loss in the range of $8.0 million to $10.0 million, a 42% improvement versus our prior forecast at the midpoint of the range. Shares +8% PM.

Shareholder Returns

PETX.QUS Consumer ServicesUS Market
7D-16.1%-1.1%0.5%
1Y-99.3%-23.4%25.4%

Return vs Industry: PETX.Q underperformed the US Consumer Services industry which returned 20.1% over the past year.

Return vs Market: PETX.Q underperformed the US Market which returned 17.5% over the past year.

Price Volatility

Is PETX.Q's price volatile compared to industry and market?
PETX.Q volatility
PETX.Q Average Weekly Movement52.6%
Consumer Services Industry Average Movement7.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: PETX.Q's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: PETX.Q's weekly volatility has increased from 32% to 53% over the past year.

About the Company

FoundedEmployeesCEOWebsite
201464Garrett Smallwoodwagwalking.com

Wag! Group Co., together with its subsidiaries, develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training, and pet insurance comparison tools.

Wag! Group Co. Fundamentals Summary

How do Wag! Group's earnings and revenue compare to its market cap?
PETX.Q fundamental statistics
Market capUS$302.49k
Earnings (TTM)-US$22.11m
Revenue (TTM)US$60.52m
0.0x
P/S Ratio
0.0x
P/E Ratio

Is PETX.Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PETX.Q income statement (TTM)
RevenueUS$60.52m
Cost of RevenueUS$15.11m
Gross ProfitUS$45.41m
Other ExpensesUS$67.52m
Earnings-US$22.11m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.43
Gross Margin75.03%
Net Profit Margin-36.53%
Debt/Equity Ratio-240.0%

How did PETX.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/04 04:46
End of Day Share Price 2025/09/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Wag! Group Co. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeremy HamblinCraig-Hallum Capital Group LLC
Jason HelfsteinOppenheimer & Co. Inc.