Wag! Group Plunges 6.38% on Revenue Decline

On May 15, 2025, Wag! Group's stock experienced a significant drop of 6.38% in pre-market trading, reflecting a notable decline in investor sentiment.

Wag! Group recently reported its first-quarter 2025 financial results, revealing a substantial decrease in revenue compared to the same period last year. The company's total revenue for the quarter was $15.2 million, down from $23.2 million in the first quarter of 2024. This decline was attributed to a decrease in services revenue, which fell to $4.9 million, and wellness revenue, which stood at $9.2 million. Additionally, pet food and treats revenue was $1.1 million.

Wag! Group's market capitalization as of May 2025 is $7.12 million USD, positioning it as the world's 10119th most valuable company according to available data. The company's app-based pet care platform supports pet parents by offering a range of products and services, and has raised a total funding of $969K over six rounds from 83 investors.