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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and Entrada Therapeutics, Inc. (TRDA). Click either name above to swap in a different company.

PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $20.6M, roughly 2.0× Entrada Therapeutics, Inc.). PETMED EXPRESS INC runs the higher net margin — -26.0% vs -84.4%, a 58.4% gap on every dollar of revenue. On growth, PETMED EXPRESS INC posted the faster year-over-year revenue change (-23.3% vs -65.2%). PETMED EXPRESS INC produced more free cash flow last quarter ($-9.2M vs $-39.7M). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% 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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

PETS vs TRDA — Head-to-Head

Bigger by revenue
PETS
PETS
2.0× larger
PETS
$40.7M
$20.6M
TRDA
Growing faster (revenue YoY)
PETS
PETS
+42.0% gap
PETS
-23.3%
-65.2%
TRDA
Higher net margin
PETS
PETS
58.4% more per $
PETS
-26.0%
-84.4%
TRDA
More free cash flow
PETS
PETS
$30.4M more FCF
PETS
$-9.2M
$-39.7M
TRDA
Faster 2-yr revenue CAGR
TRDA
TRDA
Annualised
TRDA
6.4%
-20.9%
PETS

Income Statement — Q3 FY2026 vs Q1 FY2025

Metric
PETS
PETS
TRDA
TRDA
Revenue
$40.7M
$20.6M
Net Profit
$-10.6M
$-17.3M
Gross Margin
23.3%
Operating Margin
-25.7%
-106.0%
Net Margin
-26.0%
-84.4%
Revenue YoY
-23.3%
-65.2%
Net Profit YoY
-1392.6%
-173.8%
EPS (diluted)
$-0.50
$-0.42

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.

Revenue
PETS
PETS
TRDA
TRDA
Q4 25
$40.7M
Q3 25
$44.4M
Q2 25
$51.2M
Q1 25
$50.8M
$20.6M
Q4 24
$52.0M
$37.4M
Q3 24
$58.0M
$19.6M
Q2 24
$66.2M
$94.7M
Q1 24
$65.1M
$59.1M
Net Profit
PETS
PETS
TRDA
TRDA
Q4 25
$-10.6M
Q3 25
$-8.5M
Q2 25
$-34.2M
Q1 25
$-11.6M
$-17.3M
Q4 24
$-707.0K
$1.1M
Q3 24
$2.3M
$-14.0M
Q2 24
$3.8M
$55.0M
Q1 24
$-5.0M
$23.5M
Gross Margin
PETS
PETS
TRDA
TRDA
Q4 25
23.3%
Q3 25
28.0%
Q2 25
28.1%
Q1 25
29.9%
Q4 24
31.0%
Q3 24
32.3%
Q2 24
28.8%
Q1 24
29.3%
Operating Margin
PETS
PETS
TRDA
TRDA
Q4 25
-25.7%
Q3 25
-18.9%
Q2 25
-66.7%
Q1 25
-11.9%
-106.0%
Q4 24
-0.9%
-15.7%
Q3 24
1.0%
-110.7%
Q2 24
6.6%
56.4%
Q1 24
-5.9%
35.7%
Net Margin
PETS
PETS
TRDA
TRDA
Q4 25
-26.0%
Q3 25
-19.2%
Q2 25
-66.7%
Q1 25
-22.9%
-84.4%
Q4 24
-1.4%
3.0%
Q3 24
4.0%
-71.7%
Q2 24
5.7%
58.1%
Q1 24
-7.7%
39.7%
EPS (diluted)
PETS
PETS
TRDA
TRDA
Q4 25
$-0.50
Q3 25
$-0.41
Q2 25
$-1.65
Q1 25
$-0.56
$-0.42
Q4 24
$-0.03
$-0.20
Q3 24
$0.11
$-0.35
Q2 24
$0.18
$1.55
Q1 24
$-0.24
$0.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PETS
PETS
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$26.9M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.8M
$417.3M
Total Assets
$88.0M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PETS
PETS
TRDA
TRDA
Q4 25
$26.9M
Q3 25
$36.1M
Q2 25
$41.1M
Q1 25
$54.7M
$67.8M
Q4 24
$50.1M
$101.2M
Q3 24
$52.0M
$78.0M
Q2 24
$46.0M
$185.3M
Q1 24
$55.3M
$68.4M
Stockholders' Equity
PETS
PETS
TRDA
TRDA
Q4 25
$32.8M
Q3 25
$43.1M
Q2 25
$51.5M
Q1 25
$85.1M
$417.3M
Q4 24
$96.2M
$428.7M
Q3 24
$96.4M
$422.4M
Q2 24
$93.5M
$429.9M
Q1 24
$96.7M
$269.4M
Total Assets
PETS
PETS
TRDA
TRDA
Q4 25
$88.0M
Q3 25
$100.3M
Q2 25
$109.8M
Q1 25
$148.7M
$486.5M
Q4 24
$144.8M
$526.3M
Q3 24
$146.0M
$554.6M
Q2 24
$152.7M
$582.0M
Q1 24
$169.9M
$510.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PETS
PETS
TRDA
TRDA
Operating Cash FlowLast quarter
$-9.2M
$-38.5M
Free Cash FlowOCF − Capex
$-9.2M
$-39.7M
FCF MarginFCF / Revenue
-22.7%
-192.9%
Capex IntensityCapex / Revenue
0.1%
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.0M
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PETS
PETS
TRDA
TRDA
Q4 25
$-9.2M
Q3 25
$-2.2M
Q2 25
$-12.3M
Q1 25
$7.0M
$-38.5M
Q4 24
$-1.2M
$-31.6M
Q3 24
$7.4M
$-24.3M
Q2 24
$-8.5M
$39.8M
Q1 24
$7.1M
$-25.5M
Free Cash Flow
PETS
PETS
TRDA
TRDA
Q4 25
$-9.2M
Q3 25
$-4.8M
Q2 25
$-13.6M
Q1 25
$4.6M
$-39.7M
Q4 24
$-1.9M
$-32.2M
Q3 24
$6.1M
$-24.9M
Q2 24
$-9.2M
$38.8M
Q1 24
$5.9M
$-26.4M
FCF Margin
PETS
PETS
TRDA
TRDA
Q4 25
-22.7%
Q3 25
-10.8%
Q2 25
-26.5%
Q1 25
9.1%
-192.9%
Q4 24
-3.7%
-86.2%
Q3 24
10.6%
-127.3%
Q2 24
-13.9%
41.0%
Q1 24
9.0%
-44.6%
Capex Intensity
PETS
PETS
TRDA
TRDA
Q4 25
0.1%
Q3 25
5.9%
Q2 25
2.5%
Q1 25
4.7%
5.6%
Q4 24
1.5%
1.7%
Q3 24
2.2%
3.3%
Q2 24
1.0%
1.1%
Q1 24
1.9%
1.4%
Cash Conversion
PETS
PETS
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-27.94×
Q3 24
3.18×
Q2 24
-2.27×
0.72×
Q1 24
-1.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PETS
PETS

Reorder$34.0M84%
New Order$5.0M12%
Membership Fees$1.6M4%

TRDA
TRDA

Segment breakdown not available.

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