CHWY · Chewy, Inc.

Summary

Chewy, Inc. announced fiscal fourth quarter and full year 2025 financial results ended February 1, 2026, with full year net sales of $12.60 billion, up 6.2 percent year over year, gross margin expansion to 29.8 percent, net income of $222.8 million, and Adjusted EBITDA of $719.2 million. Q4 net sales reached $3.26 billion, up 0.5 percent year over year, with record free cash flow of $562 million for the year.

Key takeaways

• FY2025 net sales $12.60 billion, improved 6.2 percent year over year
• FY2025 Adjusted EBITDA $719.2 million, increase of $148.7 million year over year
• Record free cash flow $562 million in FY2025
• 21.3 million active customers
• Q4 2025 net sales $3.26 billion, improved 0.5 percent year over year
• Cash and cash equivalents $860.1 million as of February 1, 2026
• Stockholders’ equity $497.9 million as of February 1, 2026