vs
Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $40.7M, roughly 1.2× PETMED EXPRESS INC). PETMED EXPRESS INC runs the higher net margin — -26.0% vs -33.9%, a 7.9% gap on every dollar of revenue. On growth, STEM, INC. posted the faster year-over-year revenue change (-15.6% vs -23.3%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
PETS vs STEM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $47.1M |
| Net Profit | $-10.6M | $-16.0M |
| Gross Margin | 23.3% | 48.9% |
| Operating Margin | -25.7% | -17.7% |
| Net Margin | -26.0% | -33.9% |
| Revenue YoY | -23.3% | -15.6% |
| Net Profit YoY | -1392.6% | 68.8% |
| EPS (diluted) | $-0.50 | $-4.40 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $40.7M | $47.1M | ||
| Q3 25 | $44.4M | $38.2M | ||
| Q2 25 | $51.2M | $38.4M | ||
| Q1 25 | $50.8M | $32.5M | ||
| Q4 24 | $52.0M | $55.8M | ||
| Q3 24 | $58.0M | $29.3M | ||
| Q2 24 | $66.2M | $34.0M | ||
| Q1 24 | $65.1M | $25.5M |
| Q4 25 | $-10.6M | $-16.0M | ||
| Q3 25 | $-8.5M | $-23.8M | ||
| Q2 25 | $-34.2M | $202.5M | ||
| Q1 25 | $-11.6M | $-25.0M | ||
| Q4 24 | $-707.0K | $-51.1M | ||
| Q3 24 | $2.3M | $-148.3M | ||
| Q2 24 | $3.8M | $-582.3M | ||
| Q1 24 | $-5.0M | $-72.3M |
| Q4 25 | 23.3% | 48.9% | ||
| Q3 25 | 28.0% | 35.5% | ||
| Q2 25 | 28.1% | 33.4% | ||
| Q1 25 | 29.9% | 32.4% | ||
| Q4 24 | 31.0% | -4.4% | ||
| Q3 24 | 32.3% | 21.2% | ||
| Q2 24 | 28.8% | 27.6% | ||
| Q1 24 | 29.3% | -95.0% |
| Q4 25 | -25.7% | -17.7% | ||
| Q3 25 | -18.9% | -33.6% | ||
| Q2 25 | -66.7% | -34.8% | ||
| Q1 25 | -11.9% | -65.0% | ||
| Q4 24 | -0.9% | -84.4% | ||
| Q3 24 | 1.0% | -493.2% | ||
| Q2 24 | 6.6% | -1705.5% | ||
| Q1 24 | -5.9% | -267.0% |
| Q4 25 | -26.0% | -33.9% | ||
| Q3 25 | -19.2% | -62.2% | ||
| Q2 25 | -66.7% | 527.8% | ||
| Q1 25 | -22.9% | -76.9% | ||
| Q4 24 | -1.4% | -91.6% | ||
| Q3 24 | 4.0% | -506.3% | ||
| Q2 24 | 5.7% | -1712.6% | ||
| Q1 24 | -7.7% | -283.9% |
| Q4 25 | $-0.50 | $-4.40 | ||
| Q3 25 | $-0.41 | $-2.84 | ||
| Q2 25 | $-1.65 | $-1.79 | ||
| Q1 25 | $-0.56 | $-0.15 | ||
| Q4 24 | $-0.03 | $-15.29 | ||
| Q3 24 | $0.11 | $-18.24 | ||
| Q2 24 | $0.18 | $-71.81 | ||
| Q1 24 | $-0.24 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.9M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $-249.4M |
| Total Assets | $88.0M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | $48.9M | ||
| Q3 25 | $36.1M | $43.1M | ||
| Q2 25 | $41.1M | $40.8M | ||
| Q1 25 | $54.7M | $58.6M | ||
| Q4 24 | $50.1M | $56.3M | ||
| Q3 24 | $52.0M | $75.4M | ||
| Q2 24 | $46.0M | $89.6M | ||
| Q1 24 | $55.3M | $112.8M |
| Q4 25 | $32.8M | $-249.4M | ||
| Q3 25 | $43.1M | $-235.7M | ||
| Q2 25 | $51.5M | $-214.1M | ||
| Q1 25 | $85.1M | $-417.5M | ||
| Q4 24 | $96.2M | $-398.4M | ||
| Q3 24 | $96.4M | $-344.1M | ||
| Q2 24 | $93.5M | $-203.2M | ||
| Q1 24 | $96.7M | $371.6M |
| Q4 25 | $88.0M | $308.9M | ||
| Q3 25 | $100.3M | $362.6M | ||
| Q2 25 | $109.8M | $379.2M | ||
| Q1 25 | $148.7M | $405.1M | ||
| Q4 24 | $144.8M | $437.4M | ||
| Q3 24 | $146.0M | $537.8M | ||
| Q2 24 | $152.7M | $691.5M | ||
| Q1 24 | $169.9M | $1.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.2M | $8.2M |
| Free Cash FlowOCF − Capex | $-9.2M | — |
| FCF MarginFCF / Revenue | -22.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $8.2M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-12.3M | $-21.3M | ||
| Q1 25 | $7.0M | $8.5M | ||
| Q4 24 | $-1.2M | $-14.7M | ||
| Q3 24 | $7.4M | $-9.4M | ||
| Q2 24 | $-8.5M | $-11.9M | ||
| Q1 24 | $7.1M | $-621.0K |
| Q4 25 | $-9.2M | — | ||
| Q3 25 | $-4.8M | — | ||
| Q2 25 | $-13.6M | — | ||
| Q1 25 | $4.6M | — | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $6.1M | — | ||
| Q2 24 | $-9.2M | — | ||
| Q1 24 | $5.9M | — |
| Q4 25 | -22.7% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | -26.5% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | -3.7% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -13.9% | — | ||
| Q1 24 | 9.0% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | -2.27× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
STEM
Segment breakdown not available.
