PetIQ Inc
NASDAQ:PETQ
Income Statement
Earnings Waterfall
PetIQ Inc
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-849.2m
USD
|
Gross Profit
|
252.7m
USD
|
Operating Expenses
|
-196.2m
USD
|
Operating Income
|
56.5m
USD
|
Other Expenses
|
-54.4m
USD
|
Net Income
|
2.1m
USD
|
Income Statement
PetIQ Inc
Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||
Revenue |
200
N/A
|
154
-23%
|
241
+57%
|
260
+8%
|
267
+3%
|
315
+18%
|
399
+27%
|
470
+18%
|
529
+13%
|
562
+6%
|
611
+9%
|
666
+9%
|
709
+7%
|
748
+5%
|
794
+6%
|
770
-3%
|
780
+1%
|
848
+9%
|
852
+0%
|
900
+6%
|
933
+4%
|
954
+2%
|
935
-2%
|
934
0%
|
922
-1%
|
936
+2%
|
999
+7%
|
1 066
+7%
|
1 102
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||
Cost of Revenue |
(168)
|
(128)
|
(199)
|
(211)
|
(216)
|
(260)
|
(333)
|
(393)
|
(445)
|
(470)
|
(511)
|
(562)
|
(602)
|
(633)
|
(672)
|
(643)
|
(645)
|
(697)
|
(683)
|
(722)
|
(746)
|
(758)
|
(736)
|
(727)
|
(712)
|
(722)
|
(773)
|
(818)
|
(849)
|
|
Gross Profit |
33
N/A
|
26
-20%
|
42
+61%
|
48
+15%
|
51
+6%
|
55
+7%
|
65
+19%
|
77
+18%
|
83
+8%
|
92
+11%
|
101
+9%
|
104
+3%
|
107
+3%
|
115
+7%
|
122
+6%
|
127
+4%
|
135
+6%
|
151
+12%
|
168
+12%
|
178
+6%
|
186
+5%
|
196
+5%
|
199
+1%
|
207
+4%
|
210
+1%
|
214
+2%
|
226
+6%
|
248
+10%
|
253
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||
Operating Expenses |
(32)
|
(23)
|
(32)
|
(35)
|
(38)
|
(50)
|
(58)
|
(65)
|
(76)
|
(77)
|
(85)
|
(100)
|
(111)
|
(122)
|
(135)
|
(139)
|
(137)
|
(144)
|
(141)
|
(149)
|
(156)
|
(165)
|
(178)
|
(181)
|
(179)
|
(225)
|
(229)
|
(191)
|
(196)
|
|
Selling, General & Administrative |
(32)
|
(23)
|
(32)
|
(35)
|
(37)
|
(49)
|
(57)
|
(64)
|
(72)
|
(74)
|
(81)
|
(93)
|
(102)
|
(112)
|
(125)
|
(131)
|
(136)
|
(142)
|
(140)
|
(145)
|
(148)
|
(158)
|
(172)
|
(179)
|
(177)
|
(177)
|
(182)
|
(191)
|
(195)
|
|
Research & Development |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(4)
|
(8)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
(3)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(7)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(6)
|
(3)
|
0
|
(48)
|
(47)
|
0
|
0
|
|
Operating Income |
1
N/A
|
3
+343%
|
10
+216%
|
13
+37%
|
13
-1%
|
5
-60%
|
8
+42%
|
12
+64%
|
8
-37%
|
15
+99%
|
15
+1%
|
4
-71%
|
(3)
N/A
|
(8)
-142%
|
(13)
-71%
|
(12)
+9%
|
(2)
+81%
|
8
N/A
|
27
+260%
|
29
+9%
|
30
+3%
|
31
+3%
|
20
-35%
|
26
+28%
|
31
+19%
|
(11)
N/A
|
(3)
+68%
|
57
N/A
|
57
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(6)
|
(8)
|
(8)
|
(8)
|
(12)
|
(15)
|
(17)
|
(20)
|
(21)
|
(23)
|
(23)
|
(25)
|
(25)
|
(25)
|
(26)
|
(25)
|
(26)
|
(27)
|
(30)
|
(33)
|
(34)
|
(35)
|
|
Non-Reccuring Items |
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(4)
|
(16)
|
(19)
|
(20)
|
(18)
|
(7)
|
(52)
|
(51)
|
0
|
0
|
(8)
|
(19)
|
|
Total Other Income |
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
(3)
N/A
|
1
N/A
|
7
+1 017%
|
11
+58%
|
12
+11%
|
3
-79%
|
3
+12%
|
6
+118%
|
(1)
N/A
|
7
N/A
|
8
+6%
|
(7)
N/A
|
(18)
-144%
|
(24)
-38%
|
(32)
-33%
|
(32)
+0%
|
(25)
+21%
|
(19)
+25%
|
(14)
+27%
|
(12)
+14%
|
(13)
-4%
|
(12)
+6%
|
(10)
+13%
|
(52)
-411%
|
(47)
+9%
|
(40)
+15%
|
(36)
+11%
|
15
N/A
|
2
-84%
|
|
Net Income | ||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
(1)
|
(0)
|
1
|
(0)
|
(1)
|
1
|
(1)
|
(1)
|
1
|
3
|
5
|
6
|
(57)
|
(60)
|
(62)
|
(61)
|
0
|
(4)
|
(4)
|
(5)
|
(4)
|
(1)
|
(1)
|
(1)
|
(2)
|
0
|
|
Income from Continuing Operations |
(3)
|
1
|
7
|
10
|
11
|
3
|
3
|
6
|
0
|
6
|
7
|
(6)
|
(14)
|
(19)
|
(27)
|
(89)
|
(86)
|
(81)
|
(75)
|
(12)
|
(16)
|
(16)
|
(15)
|
(56)
|
(49)
|
(42)
|
(37)
|
13
|
3
|
|
Income to Minority Interest |
0
|
0
|
(10)
|
(14)
|
(11)
|
(10)
|
(2)
|
(3)
|
(1)
|
(4)
|
(3)
|
2
|
3
|
4
|
6
|
5
|
3
|
2
|
2
|
1
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
|
Net Income (Common) |
(3)
N/A
|
1
N/A
|
(3)
N/A
|
(4)
-6%
|
(4)
+3%
|
(10)
-180%
|
(3)
+69%
|
(1)
+80%
|
(1)
-33%
|
3
N/A
|
4
+46%
|
(4)
N/A
|
(12)
-188%
|
(15)
-32%
|
(21)
-35%
|
(85)
-314%
|
(83)
+3%
|
(79)
+5%
|
(73)
+7%
|
(11)
+85%
|
(16)
-50%
|
(15)
+7%
|
(14)
+4%
|
(56)
-288%
|
(48)
+13%
|
(42)
+14%
|
(37)
+12%
|
13
N/A
|
2
-83%
|
|
EPS (Diluted) |
-0.26
N/A
|
0.06
N/A
|
-0.26
N/A
|
-0.28
-8%
|
-0.26
+7%
|
-0.67
-158%
|
-0.18
+73%
|
-0.03
+83%
|
-0.05
-67%
|
0.12
N/A
|
0.18
+50%
|
-0.18
N/A
|
-0.51
-183%
|
-0.65
-27%
|
-0.84
-29%
|
-3.4
-305%
|
-3.36
+1%
|
-2.91
+13%
|
-2.5
+14%
|
-0.37
+85%
|
-0.57
-54%
|
-0.51
+11%
|
-0.49
+4%
|
-1.9
-288%
|
-1.65
+13%
|
-1.18
+28%
|
-1.24
-5%
|
0.42
N/A
|
0.07
-83%
|