DOGZNasdaqMiscellaneous Manufacturing IndustriesUS GAAP · USD

Dogness (International) Corp

Dogness (International) Corp develops and manufactures pet products under the Dogness brand, as well as OEM and private-label products for other customers. Its portfolio centers on smart pet products, hygiene products, health and wellness products, and leash products, supported by a vertically integrated supply chain and in-house research and development. The company is headquartered in the United States with operating and production ties to Dongguan, China, and sells through global chain stores and distributors.

Revenue15.9m USD
−23.3 %y/y
Operating profit (EBIT)-28.8m USD
−324.0 %y/y
EBIT margin-181.4%
−148.6 ppy/y
Net income-27.6m USD
−441.6 %y/y
Free cash flow-7.9m USD
−1,642.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-40-2002040m USD2021: 24 m USD2021: EBIT 1.9 m USD20212022: 27 m USD2022: EBIT 0.07 m USD20222023: 18 m USD2023: EBIT -9.6 m USD20232024: 15 m USD2024: EBIT -7.5 m USD20242025: 21 m USD2025: EBIT -6.8 m USD20252026: 16 m USD2026: EBIT -29 m USD202616-29
RevenueOperating profit (EBIT)

Business

Share of revenue
Smart pet products25 %

Connected pet devices and technology-enabled products for pet care and convenience.

Hygiene products20 %

Pet care items focused on cleanliness, grooming, and daily maintenance.

Health and wellness products20 %

Products designed to support pet comfort, care, and well-being.

Leash products15 %

Walking and restraint products used for everyday pet handling.

OEM and private-label products20 %

Products manufactured for third parties under customer brands or custom specifications.

Products

Reported · share of revenue
60.8%25.6%13.7%FY2026100 %
  • Traditional Pet Products60.8 %
  • Intelligent Pet Products25.6 %
  • Climbing Hooks and Others13.7 %

Source: 20-F FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Dogness sells to pet owners through retail channels and to commercial buyers through chain stores and distributors. It also manufactures OEM and private-label products for customers that want branded or custom pet goods without building their own production base. The business serves consumers seeking everyday pet-care products as well as channel partners that need a supplier with product development and manufacturing capabilities.

Pet owners

Buy Dogness-branded products for daily pet care, walking, hygiene, and wellness.

Global chain stores

Purchase branded pet products for retail shelves and broad consumer distribution.

Distributors

Buy inventory for resale into regional pet supply and specialty retail channels.

OEM and private-label customers

Source customized pet products manufactured to their own brand or specification.

Strategy

Dogness’s strategy is built around differentiated pet products, including smart and wellness-oriented items, while using OEM and private-label manufacturing to broaden customer reach. Its vertical supply chain and R&D base are intended to support product quality, speed of development, and protection of proprietary designs. The company also appears to emphasize operational discipline and alignment of leadership incentives with shareholder interests.

Product differentiation in smart pet goodsMedium term

Technology-enabled products can improve pricing power and brand distinctiveness in a crowded pet market.

Broader channel reach through OEM/private labelMedium term

Third-party manufacturing adds volume opportunities beyond the Dogness brand alone.

Supply chain control through vertical integrationLong term

Integrated manufacturing and sourcing can improve consistency and execution in pet product production.

Geography

Dogness is headquartered in the United States but reports operating and manufacturing ties to Dongguan, Guangdong in China. Its products are sold through global chain stores and distributors, giving the company an international sales footprint rather than a single-country focus. The China base supports sourcing, manufacturing, and product development, while the U.S. presence supports corporate and market-facing activities.

Risks

Dogness is exposed to competition in mass-market pet products, where channel access, product novelty, and pricing matter. Its international structure creates exposure to cross-border manufacturing, logistics, and regulatory risks, especially because production and operating ties run through China while the corporate listing is U.S.-based. OEM and private-label work can also pressure margins and customer concentration if large buyers shift volumes or negotiate harder.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Supply chain and manufacturing concentration in China1Channel and customer concentration2Product development and acceptance risk3Foreign exchange and cross-border operating risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Supply chain and manufacturing concentration in ChinaImpact: HighLikelihood: Medium

    Production and operations tied to Dongguan expose the company to logistics disruption, trade friction, and local operating risks.

    Exposure: Manufacturing base in Guangdong

  2. Channel and customer concentrationImpact: HighLikelihood: Medium

    Global chain stores and OEM/private-label customers can represent large buying relationships and may pressure volumes or terms.

    Exposure: Retail and OEM channels

  3. Product development and acceptance riskImpact: MediumLikelihood: High

    Smart pet products and wellness items require continuous design relevance and market adoption.

    Exposure: New product launches

  4. Foreign exchange and cross-border operating riskImpact: MediumLikelihood: Medium

    International sales and China-based operations can create currency and settlement exposure.

    Exposure: USD/RMB operating structure

Accounting

Judgemental items
Revenue recognition by channel

Different contract terms for branded, distributor, and OEM sales can change when revenue is recorded.

Impact: Affects quarterly comparability and reported sales timing

Inventory valuation and obsolescence

Pet products can become slow-moving or obsolete if designs or demand shift.

Impact: Can increase write-downs and reduce gross inventory value

Allowance for doubtful accounts

Sales through distributors and international counterparties can create collection risk.

Impact: Affects receivables and bad debt expense

Intangible asset and patent impairment

Product differentiation relies on technology and IP that must remain economically useful.

Impact: Could result in non-cash impairment charges

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Dogness (International) Corp (DOGZ) Revenue, Earnings & Financials 2026 – Clarifo