Leases (Tables)

12 Months Ended

Mar. 31, 2026

The Company’s lease costs as recorded in the general and administrative costs and activity are as follows (in thousands):


	Twelve Months Ended March 31,
Lease cost	2026		2025		2024
Operating lease cost - fixed	$	481	$	509	$	853
Operating lease costs - variable	36		53		65
Total lease cost	$	517	$	562	$	918

Supplemental cash flow information for the fiscal years ended March 31, 2026, 2025 and 2024 are as follows (in thousands):


	Twelve Months Ended March 31,
	2026		2025		2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	488	$	501	$	832
Right-of-use assets obtained in exchange for operating lease liabilities as a result of acquisition	$	—	$	—	$	2,220

Schedule of Maturity of Lease Liabilities

The maturity of the Company’s lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on the Company’s Consolidated Balance Sheet as of March 31, 2026 were as follows (in thousands):


	March 31, 2026
2027	502
2028	42
Total lease payments	544
Less: Imputed Interest	(10)
Present value of lease liabilities	$	534

PETMED EXPRESS INC 10-K