PETMED EXPRESS INC (PETS) AI Dilution Summary

The company is funding itself from its balance sheet: cash was $13,079,000 at the last reported balance-sheet date of 2026-06-30, against estimated monthly burn of $2,562,333. Dilution here is driven primarily by equity-plan awards outstanding, which account for 553,827 of the 563,952 potential new shares. These are compensation awards, such as restricted stock units and performance stock units, not warrants.