PETXQ Research | Milton Maxwell

PETXQ

Wag! Group Co.

0.0059

+0.0000+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

302.75K

P/E (TTM)

Basic EPS (TTM)

-0.45

Dividend Yield

Recent Filings

8-K

Plan consummated; stock cancelled

9/4/25Sep 4, 2025

Wag! Group's Chapter 11 plan was confirmed August 29, 2025, and substantially consummated September 1, wiping out all pre-bankruptcy common stock. Retriever LLC, the sole secured creditor, snagged 100% of new equity plus $5M in notes. Existing shareholders get nothing.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Wag! revenues fell 10.4% y/y to $16.7M in Q2 FY2025 ended June 30, 2025, with Wellness at $11.0M still dominating but Services and Pet Food & Treats both down sharply; net loss widened to $6.1M from $2.3M as sales/marketing jumped 12.4% y/y while platform costs dropped 16%. Q/q, revenue eased from Q1's $15.2M (derived). Cash dwindled to $2.7M against $19.6M debt (Financing Agreement at 14.56%, PPP minor), with operating cash burn at $1.3M YTD. Sold Furscription July 14 for $5.0M cash, using most to trim debt to $16.3M; filed Chapter 11 prepack July 21, seeking DIP up to $6.5M from Retriever. Equity faces cancellation. Bankruptcy proceedings cast long shadows.

8-K

Nasdaq delisting post-bankruptcy

7/28/25Jul 28, 2025

Wag! Group faces Nasdaq delisting after filing Chapter 11 on July 21, 2025, with trading suspended July 30 due to bankruptcy concerns, bid price failures, and low market values. Shares shift to illiquid pink sheets. Equity holders lose everything under the plan.

8-K

Wag! files Chapter 11 prepack

7/21/25Jul 21, 2025

Wag! Group filed voluntary Chapter 11 petitions on July 21, 2025, in Delaware with a prepackaged plan supported by secured lender Retriever, who holds $16.3M in claims. Retriever gets 100% new common stock and $5M new notes; existing equity cancels. Operations continue with $6.5M DIP facility from Retriever at 15% interest, maturing September 15. Equity wiped out.

8-K

Sells Furscription for $5M

7/15/25Jul 15, 2025

Wag! Group sold its Furscription veterinary e-prescriptions business to MWI Veterinary Supply for $5M cash on July 14, 2025, with $500k held back for 18 months. Proceeds repay only part of debt to secured creditor Retriever. No full strategic fix emerged; bankruptcy looms if talks fail.

About

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. The company was founded in 2014 and is headquartered in San Francisco, California. On July 21, 2025, Wag! Group Co., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

CEO

Mr. Garrett Smallwood

IPO

8/10/2022

Website

https://wagwalking.com

Employees

Sector

Technology

Industry

Software - Application