Private company

PetIQ, Inc.

In its 2024 annual report the company says: “PetIQ is a leading pet medication, product and wellness company delivering a smarter way for pet parents to help pets live their best lives through convenient access to affordable health and wellness products and veterinary services. We have two reporting segments: (i) Products; and (ii) Services.”5 It is headquartered in Eagle, Idaho.1

Last updated Oct 20, 2026.

Overview

$1.1BRevenue, fiscal 20232
$2.1MNet income, fiscal 20232
  • IndustryWholesale-Drugs, Proprietaries & Druggists' Sundries1
  • HeadquartersEagle, Idaho1
  • Incorporated inDE3
  • Business addressPetiq Llc, 230 E. Riverside Dr., Eagle, Id 836163
  • Filer categoryAccelerated filer3

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PetIQ is a leading pet medication, product and wellness company delivering a smarter way for pet parents to help pets live their best lives through convenient access to affordable health and wellness products and veterinary services. We have two reporting segments: (i) Products; and (ii) Services. PetIQ believes that pets are an important part of the family and deserve the best products and care we can provide.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

22.9%Gross margin2
3.4%Operating margin2
0.2%Net margin2
19.6%Revenue growth, 20232
1.0%Return on equity2
1.96×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue77¢$849.2M
  • Research and development0¢$1.1M
  • Other costs19¢$211.0M
  • Interest3¢$38.3M
  • Income tax0¢$173.0K
  • Profit0¢$2.1M

Out of $1.1B in revenue.2

Where each dollar of operating cash went, fiscal 2023

  • Kept or used elsewhere100¢$61.9M

Out of $61.9M of cash from operations.2

Financial statements

Revenue6789102$1.1B in 2023+451% since 2016
0$500.0M$1.0B$1.5B2016: $200.2M$200.2M20162017: $266.7M$266.7M2017+33%2018: $528.6M$528.6M2018+98%2019: $709.4M$709.4M2019+34%2020: $780.1M$780.1M2020+10%2021: $932.5M$932.5M2021+20%2022: $921.5M$921.5M2022−1%2023: $1.1B$1.1B2023+20%
Gross profit6789102$252.7M in 2023+677% since 2016
0$100.0M$200.0M$300.0M2016: $32.5M$32.5M20162017: $51.2M$51.2M2017+57%2018: $83.3M$83.3M2018+63%2019: $107.4M$107.4M2019+29%2020: $135.2M$135.2M2020+26%2021: $186.4M$186.4M2021+38%2022: $209.7M$209.7M2022+12%2023: $252.7M$252.7M2023+21%
Operating income6789102$37.1M in 2023+5181% since 2016
-$40.0M-$20.0M0$20.0M$40.0M2016: $702.0K$702.0K20162017: $13.3M$13.3M2017+1793%2018: $7.7M$7.7M2018−42%2019: -$3.1M-$3.1M20192020: -$3.2M-$3.2M2020+2%2021: $15.9M$15.9M20212022: -$20.2M-$20.2M20222023: $37.1M$37.1M2023
Net income6789102$2.1M in 2023
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2016: -$3.4M-$3.4M20162017: -$3.5M-$3.5M2017+3%2018: -$782.0K-$782.0K2018−78%2019: -$11.5M-$11.5M2019+1365%2020: -$82.7M-$82.7M2020+622%2021: -$16.0M-$16.0M2021−81%2022: -$48.2M-$48.2M2022+202%2023: $2.1M$2.1M2023
Fiscal year20162017201820192020202120222023
Revenue$200.2M6$266.7M7$528.6M8$709.4M9$780.1M10$932.5M2$921.5M2$1.1B2
Cost of revenue$167.6M6$215.5M7$445.3M8$602.0M9$644.9M10$746.1M2$711.9M2$849.2M2
Gross profit$32.5M6$51.2M7$83.3M8$107.4M9$135.2M10$186.4M2$209.7M2$252.7M2
Research and development$310.0K6$500.0K7$200.0K8$1.3M9$2.3M10$8.0M2$2.1M2$1.1M2
Operating income$702.0K6$13.3M7$7.7M8-$3.1M9-$3.2M10$15.9M2-$20.2M2$37.1M2
Interest$3.1M6$1.6M7$8.3M8$14.9M9$22.8M10$24.7M2$28.2M2$38.3M2
Income before tax-$12.5M2-$47.4M2$2.4M2
Income tax$4.0M7-$661.0K8-$3.3M9$60.4M10$3.9M2$1.2M2-$173.0K2
Net income-$3.4M6-$3.5M7-$782.0K8-$11.5M9-$82.7M10-$16.0M2-$48.2M2$2.1M2
Earnings per share-$0.267-$0.058-$0.519-$3.3610-$0.572-$1.652$0.072
Earnings per share (diluted)-$0.267-$0.058-$0.519-$3.3610-$0.572-$1.652$0.072
Shares (weighted, basic)28.2M shares229.2M shares229.1M shares2
Shares (weighted, diluted)28.2M shares229.2M shares229.5M shares2

Compare PetIQ, Inc. with another company

Corporate structure

PetIQ, Inc. sits at the top of its group. 8 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PetIQ, Inc.

  • GLAZER CAPITAL, LLC Filed SC 13G/A on PetIQ, Inc., latest Nov 14, 2024 (2 filings since Aug 30, 2024)
  • BlackRock Filed SC 13G/A on PetIQ, Inc., latest Nov 12, 2024 (2 filings since Oct 22, 2024)
  • VANGUARD GROUP INC Filed SC 13G/A on PetIQ, Inc., latest Nov 12, 2024 (5 filings since Feb 9, 2023)
  • Applied Fundamental Research, LLC Filed SC 13G/A on PetIQ, Inc., latest Feb 13, 2024 (3 filings since Sep 26, 2022)
  • Macquarie Group Filed SC 13G/A on PetIQ, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • ECP HELIOS PARTNERS IV, L.P. Filed SC 13G/A on PetIQ, Inc., latest Feb 14, 2022
  • GENEVA CAPITAL MANAGEMENT LLC Filed SC 13G/A on PetIQ, Inc., latest Feb 11, 2022
  • James Nathan Clarke Filed SC 13G/A on PetIQ, Inc., latest Feb 11, 2022
  • WASATCH ADVISORS LP Filed SC 13G/A on PetIQ, Inc., latest Feb 11, 2022
  • PetIQ, Inc. Eagle, Idaho
    • Community Veterinary Clinics, LLC dba VIP Petcare Subsidiary · Delaware, United States
    • ECP IV TS Investor Co. Subsidiary · Delaware, United States
    • Mark and Chappell Limited Subsidiary · United Kingdom
    • PetIQ Holdings, LLC Subsidiary · Delaware, United States
    • PetIQ MFG, LLC Subsidiary · Utah, United States
    • Sergeant’s Pet Care Products, LLC Subsidiary · Michigan, United States
    • Velcera, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PetIQ, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$111.5M2 Dec 31, 2023$122.6M2 Dec 31, 2022−9.0%
Accumulated depreciation$54.4M2 Dec 31, 2023$49.2M2 Dec 31, 2022+10.7%
Property and equipment, net$57.1M2 Dec 31, 2023$73.4M2 Dec 31, 2022−22.2%
Operating-lease assets (leased space)$19.1M2 Dec 31, 2023$18.2M2 Dec 31, 2022+4.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$116.4M2 Dec 31, 2023$101.3M2 Dec 31, 2022+14.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$199.4M2 Dec 31, 2023$183.3M2 Dec 31, 2022+8.8%
Intangible assets, net (excluding goodwill)$159.7M2 Dec 31, 2023$172.5M2 Dec 31, 2022−7.4%
Finite-lived intangibles, gross$203.4M2 Dec 31, 2023$199.7M2 Dec 31, 2022+1.9%
Accumulated amortization$76.9M2 Dec 31, 2023$62.1M2 Dec 31, 2022+23.9%
Finite-lived intangibles, net$126.5M2 Dec 31, 2023$137.6M2 Dec 31, 2022−8.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$159.3M2 Dec 31, 2023$142.6M2 Dec 31, 2022+11.7%
Raw materials$16.1M2 Dec 31, 2023$17.5M2 Dec 31, 2022−8.1%
Work in process$2.6M2 Dec 31, 2023$2.2M2 Dec 31, 2022+16.0%
Finished goods$140.7M2 Dec 31, 2023$122.9M2 Dec 31, 2022+14.4%

Leadership

Who has led PetIQ, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. McCord Christensen2017–2024

President

  1. Scott Adcock2017
  2. Susan Sholtis2018–2022

Chief financial officer

  1. John Newland2017–2021
  2. Zvi Glasman2022–2024
20202025
Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Community Veterinary Clinics, LLC dba VIP Petcare Delaware4
  • ECP IV TS Investor Co. Delaware4
  • Mark and Chappell Limited United Kingdom4
  • PetIQ Holdings, LLC Delaware4
  • PetIQ MFG, LLC Utah4
  • PetIQ, LLC Idaho4
  • Sergeant’s Pet Care Products, LLC Michigan4
  • Velcera, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 25, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale34
  2. Oct 22, 20248-K Shareholder vote; Regulation FD disclosure35
  3. Oct 11, 20248-K Other events36
  4. Aug 7, 20248-K Results of operations37
  5. Aug 7, 20248-K Entered a material agreement; Executive or director change; Other events38
  6. Jun 12, 20248-K Shareholder vote39
  7. May 8, 20248-K Results of operations40
  8. Feb 28, 20248-K Results of operations41
  9. Nov 7, 20238-K Results of operations42
  10. Aug 8, 20238-K Results of operations43
  11. Aug 3, 20238-K Executive or director change44
  12. Jun 26, 20238-K Executive or director change45
  13. Jul 20, 2017New chief executive McCord Christensen becomes CEO16

Calendar

When it reported results

  1. Aug 7, 2024Reported quarterly or annual results37
  2. May 8, 2024Reported quarterly or annual results40
  3. Feb 28, 2024Reported quarterly or annual results41
  4. Nov 7, 2023Reported quarterly or annual results42
  5. Aug 8, 2023Reported quarterly or annual results43
  6. May 9, 2023Reported quarterly or annual results46
  7. Feb 28, 2023Reported quarterly or annual results47
  8. Nov 9, 2022Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

216 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 32 major events, 119 insider forms, 18 large holders, 35 other. The latest 20:

  1. Nov 14, 2024SC 13G/A EDGAR
  2. Nov 12, 2024SC 13G/A EDGAR
  3. Nov 12, 2024SC 13G/A EDGAR
  4. Nov 4, 202415-12G EDGAR
  5. Nov 4, 2024SC 13G/A EDGAR
  6. Nov 4, 2024SC 13G/A EDGAR
  7. Oct 28, 20244 EDGAR
  8. Oct 28, 20244 EDGAR
  9. Oct 28, 20244 EDGAR
  10. Oct 28, 20244 EDGAR
  11. Oct 28, 20244 EDGAR
  12. Oct 28, 20244 EDGAR
  13. Oct 28, 20244 EDGAR
  14. Oct 28, 20244 EDGAR
  15. Oct 28, 20244 EDGAR
  16. Oct 28, 20244 EDGAR
  17. Oct 28, 20244 EDGAR
  18. Oct 28, 20244 EDGAR
  19. Oct 25, 20248-K EDGAR
  20. Oct 25, 2024S-8 POS EDGAR

The 216 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 13 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 12, 2024Huff ScottDirectorSale12,117$22.19$268.9KForm 4
Sep 7, 2022Herrman Robert MichaelGENERAL COUNSEL AND SECRETARYBuy1,376$10.90$15.0KForm 4
Sep 6, 2022Smith Michael APRESIDENT & COOBuy10,000$9.71$97.1KForm 4
Jun 14, 2022Hall AllanDirectorBuy600$15.08$9.0KForm 4
May 24, 2022Glasman ZviChief Financial OfficerBuy7,400$13.71$101.5KForm 4
May 23, 2022Smith Michael APRESIDENT & COOBuy3,600$14.06$50.6KForm 4
May 20, 2022Smith Michael APRESIDENT & COOBuy1,400$14.06$19.7KForm 4
Dec 17, 2021SHOLTIS SUSANPRESIDENTBuy4,750$20.85$99.0KForm 4
Dec 14, 2021Herrman Robert MichaelGENERAL COUNSEL AND SECRETARYBuy2,333$21.51$50.2KForm 4
Dec 14, 2021Smith Michael APRESIDENT & COOBuy10,000$21.40$214.0KForm 4
Dec 1, 2021Chief Executive OfficerBuy50,000$20.09$1.0MForm 4
Dec 1, 2021Christensen McCordChief Executive OfficerBuy50,000$20.09$1.0MForm 4
Nov 11, 2021Smith Michael APRESIDENT & COOBuy4,000$22.62$90.5KForm 4
Nov 11, 2021Smith Michael APRESIDENT & COOBuy4,000$22.62$90.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How PetIQ, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPetIQ, Inc.1
  • CIK0001668673
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5122 Wholesale-Drugs, Proprietaries & Druggists' Sundries1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressPetiq Llc, 230 E. Riverside Dr., Eagle, ID 836161
  • Phone208-939-89001
  • Public float$402.6M as of Jun 30, 20232
  • On EDGAR sinceMar 9, 20161
  • Filings624 in all: 4 (303), 8-K (76), SC 13G/A (42), CORRESP (25), SC 13G (23), 10-Q (22), 3 (22), 4/A (19)1
    All 35 form types

    UPLOAD (16), DEFA14A (12), 10-K (7), DEF 14A (7), 8-K/A (5), DRS/A (5), DRSLTR (5), S-1/A (4), S-8 (4), S-8 POS (4), 424B4 (2), ARS (2), DEFM14A (2), EFFECT (2), PRE 14A (2), S-3/A (2), 15-12G (1), 25-NSE (1), 424B7 (1), 5 (1), 8-A12B (1), CERTNAS (1), DRS (1), PREM14A (1), S-1 (1), S-1MEF (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 29, 2024
    Quarterly report (10-Q) Aug 8, 2024
    Proxy statement (DEF 14A) Apr 19, 2024
    Latest 8-K (8-K) Oct 25, 2024

Sources

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    SEC EDGAROther events
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