Total Revenue

-2.4% " " "

Revenue fell from $1,529.14M in Q1 2025 to $1,493.4M in Q1 2026, driven by lower product sales volumes stemming from soft discretionary spending—an effect consistent with prior period influences. " " "

Products segment revenue

-3% " " " "

The Products segment declined from $1,279.73M to $1,241.9M, primarily due to reduced sales in supplies and companion animal categories, reflecting weakened consumer demand similar to earlier periods. " " " "

Services & Other revenue

Slight increase " " " "

Services & Other revenue edged up from $249.41M to $251.5M, benefiting from ongoing strategic investments in customer retention and an expanding, mature veterinary hospital footprint that helped offset declines in other segments. " " " "

Cash and Cash Equivalents

+48.5% " "

Cash and cash equivalents surged from $89,717K to $133,343K, reflecting improved liquidity due to stronger operating cash flows and reduced debt repayments compared to previous periods. " "

Total Assets

-2.6% " "

Total assets decreased to $5,121,136K as lower capital expenditures and depreciation of fixed assets continued trends seen in earlier periods, indicating a contraction in asset base. " "

Total Current Liabilities

Modest increase " "

Current liabilities rose modestly to $1,083,477K, likely due to a slight increase in accrued obligations and adjustments in short-term debt components, mirroring earlier period trends. " "

Stockholders’ Equity

-4.3% " "

Stockholders’ equity declined to $1,107,330K, primarily due to net losses and cumulative comprehensive losses, underscoring pressures from operational challenges that persisted from previous periods. " "