DOGZ Dogness (International) Corp

Overview and Growth

Fiscal 2026 results for Dogness (International) Corp combined $15.88M of revenue with net loss of $27.63M and an operating cash outflow of $2.25M. Revenue of $15.88M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 23.3% from $20.71M in fiscal 2025; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$1.55, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $94.12M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.17x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $2.55M as gross profit before recognizing operating expenses and other items. Gross margin was 16.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $28.81M after the reported operating expense base. The operating loss equaled 181.4% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $27.63M, extending the operating result through all remaining items. The net loss equaled 173.9% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $26.09M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $28.82M, before the effect of income taxes. Pretax margin was -181.4%, reflecting a pre-tax loss equal to 181.4% of revenue. The company recognized an income-tax benefit of $1.19M, increasing after-tax earnings relative to the pretax result. Relative to period-end equity, the net loss represented 36.8%. The net loss equaled 29.4% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $27.63M from $5.10M in fiscal 2025.

Liquidity and Capital Structure

At period end, the $94.12M asset base was financed through $19.10M of liabilities and $75.02M of equity. At period end, current assets of $8.50M compared with current liabilities of $7.60M, defining the company’s short-term resource position. At 1.12x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $4.49M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 59.0%, excluding receivables and other current assets. The equity-to-assets relationship was 79.7%, placing book capital against the total resource base. The liabilities-to-assets relationship was 20.3%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 4.8%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $116.85M in fiscal 2025, the current asset base moved 19.4% and finished lower. Reported equity changed 23.3% from $97.75M in fiscal 2025, placing the current capital base lower year over year. Cash and equivalents were 65.0% lower than fiscal 2025 cash of $12.83M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $2.25M, showing that operations absorbed cash during the period. The company spent $5.64M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $7.90M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 49.7%. Relative to total assets, the post-investment cash deficit measured 8.4%.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Nov 4, 2026.