Wag! Group Co. (PET) - Net Assets
Based on the latest financial reports, Wag! Group Co. (PET) has net assets worth $-8.01 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.40 Million) and total liabilities ($32.41 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Wag! Group Co. (PET) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-8.01 Million |
| % of Total Assets | -32.82% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 23.36 |
Wag! Group Co. - Net Assets Trend (2020–2024)
This chart illustrates how Wag! Group Co.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Wag! Group Co.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Wag! Group Co. (2020–2024)
The table below shows the annual net assets of Wag! Group Co. from 2020 to 2024. For live valuation and market cap data, see Wag! Group Co. (PET) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-489.00K | -129.71% |
| 2023-12-31 | $1.65 Million | -83.00% |
| 2022-12-31 | $9.68 Million | +109.12% |
| 2021-12-31 | $-106.11 Million | -5.91% |
| 2020-12-31 | $-100.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wag! Group Co.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7576300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00K | % |
| Other Components | $178.81 Million | % |
| Total Equity | $-489.00K | 100.00% |
Wag! Group Co. Competitors by Market Cap
The table below lists competitors of Wag! Group Co. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCRYB INC.
F:EIY
|
$301.47K |
|
Petro Matad Ltd
LSE:MATD
|
$302.12K |
|
Capital Metals PLC
LSE:CMET
|
$302.20K |
|
Arecor Therapeutics PLC
LSE:AREC
|
$303.20K |
|
CERTIVE SOLUTIONS INC.
F:5CE
|
$296.62K |
|
Goldplat PLC
LSE:GDP
|
$296.11K |
|
Crown LNG Holdings Limited Ordinary Shares
NASDAQ:CGBS
|
$293.65K |
|
TUT Fitness Group Inc
V:GYM
|
$292.84K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wag! Group Co.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,646,000 to -489,000, a change of -2,135,000 (-129.7%).
- Net loss of 17,568,000 reduced equity.
- New share issuances of 8,570,000 increased equity.
- Other factors increased equity by 6,863,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-17.57 Million | -3592.64% |
| Share Issuances | $8.57 Million | +1752.56% |
| Other Changes | $6.86 Million | +1403.48% |
| Total Change | $- | -129.71% |
Book Value vs Market Value Analysis
This analysis compares Wag! Group Co.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-2.64 | $0.01 | x |
| 2021-12-31 | $-2.80 | $0.01 | x |
| 2022-12-31 | $0.52 | $0.01 | x |
| 2023-12-31 | $0.04 | $0.01 | x |
| 2024-12-31 | $-0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wag! Group Co. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.92%
- • Asset Turnover: 2.40x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-241.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -157.39% | 0.52x | 0.00x | $-8.82 Million |
| 2021 | 0.00% | -31.43% | 1.22x | 0.00x | $4.30 Million |
| 2022 | -398.38% | -70.29% | 1.05x | 5.40x | $-39.54 Million |
| 2023 | -809.05% | -15.87% | 1.80x | 28.37x | $-13.48 Million |
| 2024 | 0.00% | -24.92% | 2.40x | 0.00x | $-17.52 Million |
Industry Comparison
This section compares Wag! Group Co.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,053,721,914
- Average return on equity (ROE) among peers: -264.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wag! Group Co. (PET) | $-8.01 Million | 0.00% | N/A | $299.36K |
| Adobe Systems Incorporated (ADBE) | $224.60 Million | 19.41% | 0.25x | $93.73 Billion |
| ADEIA CORP (ADEA) | $1.45 Billion | 10.11% | 0.86x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $2.32 Billion | 19.64% | 0.66x | $76.36 Billion |
| Autodesk Inc (ADSK) | $1.31 Billion | 14.01% | 0.85x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $130.78 Million | 13.07% | 0.44x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $109.00K | -2388.07% | 23.23x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $5.09 Billion | -1.22% | 1.21x | $408.76 Million |
| Alkami Technology Inc (ALKT) | $14.64 Million | -285.93% | 2.60x | $1.72 Billion |
About Wag! Group Co.
Wag! Group Co., together with its subsidiaries, develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training,… Read more