7Baggers

Trupanion Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Revenue  
 Gross Profit  
 Operating Profit  
 Net Income  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 -24.7829.2783.32137.36191.41245.46299.51353.56Milllion

Trupanion Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 
                                               
  revenue353,557,000 341,975,000 337,307,000 327,456,000 314,800,000 306,121,000 295,857,000 285,853,000 270,566,000 256,329,000 246,009,000 233,760,000 219,411,000 205,999,000 194,379,000 181,667,000 168,260,000 154,685,000 142,687,000 130,120,000 117,920,000 111,301,000 105,483,000 99,276,000 92,199,000 86,978,000 82,640,000 78,164,000 73,392,000 69,760,000 66,545,000 63,118,000 58,275,000 54,729,000 51,340,000 48,359,000 45,832,000 42,699,000 40,201,000 37,865,000 35,587,000 33,310,000 31,868,000 30,312,000 28,090,000 
  yoy12.31% 11.71% 14.01% 14.55% 16.35% 19.43% 20.26% 22.28% 23.31% 24.43% 26.56% 28.67% 30.40% 33.17% 36.23% 39.61% 42.69% 38.98% 35.27% 31.07% 27.90% 27.96% 27.64% 27.01% 25.63% 24.68% 24.19% 23.84% 25.94% 27.46% 29.62% 30.52% 27.15% 28.17% 27.71% 27.71% 28.79% 28.19% 26.15% 24.92% 26.69%     
  qoq3.39% 1.38% 3.01% 4.02% 2.84% 3.47% 3.50% 5.65% 5.55% 4.19% 5.24% 6.54% 6.51% 5.98% 7.00% 7.97% 8.78% 8.41% 9.66% 10.35% 5.95% 5.52% 6.25% 7.68% 6.00% 5.25% 5.73% 6.50% 5.21% 4.83% 5.43% 8.31% 6.48% 6.60% 6.16% 5.51% 7.34% 6.21% 6.17% 6.40% 6.84% 4.52% 5.13% 7.91%  
  cost of revenue:                                             
  veterinary invoice expense255,580,000 247,450,000 245,663,000 238,814,000 231,102,000 233,569,000 217,739,000 212,441,000 206,738,000 194,137,000 176,083,000 171,112,000 157,616,000 144,926,000 132,852,000 125,058,000 118,282,000 109,870,000 98,169,000 91,266,000 82,049,000 79,640,000 74,646,000 69,086,000 65,933,000 61,282,000 58,343,000 54,303,000 51,780,000 50,113,000                
  other cost of revenue43,150,000 43,422,000 38,721,000 39,263,000 43,429,000 36,325,000 38,054,000 38,179,000 34,455,000 35,846,000 36,277,000 32,589,000 33,212,000 31,179,000 30,992,000 28,443,000 25,433,000 23,715,000 20,925,000 18,265,000 16,004,000 13,809,000 13,103,000 12,745,000 11,553,000 10,664,000 10,092,000 10,117,000 9,259,000 8,583,000 8,335,000 7,858,000 6,915,000 6,387,000 5,911,000 5,606,000 5,100,000 4,791,000 5,049,000 4,670,000 4,314,000 4,377,000 4,251,000 4,059,000 3,963,000 
  total cost of revenue298,730,000 290,872,000 284,384,000 278,077,000 274,531,000 269,894,000 255,793,000 250,620,000 241,193,000 229,983,000 212,360,000 203,701,000 190,828,000 176,105,000 163,844,000 153,501,000 143,715,000 133,585,000                            
  operating expenses:                                             
  technology and development8,586,000 8,072,000 8,172,000 7,933,000 8,190,000 6,960,000 5,969,000 5,302,000 5,232,000 4,900,000 6,955,000 6,553,000 6,396,000 5,229,000 4,665,000 4,391,000 4,079,000 3,731,000 730,000 3,383,000 2,989,000 2,845,000 2,556,000 2,271,000 2,578,000 2,669,000 2,487,000 2,299,000 2,298,000 2,164,000 2,572,000 2,471,000 2,322,000 2,403,000 2,744,000 2,339,000 2,164,000 2,287,000 2,532,000 3,005,000 2,879,000 2,798,000 2,614,000 2,532,000 2,553,000 
  general and administrative20,122,000 19,892,000 16,828,000 16,977,000 15,253,000 14,673,000 13,390,000 12,664,000 13,136,000 21,017,000 10,472,000 10,314,000 9,227,000 9,366,000 8,996,000 8,246,000 7,435,000 7,216,000 4,110,000 6,121,000 6,100,000 5,516,000 5,312,000 5,017,000 5,219,000 5,419,000 4,922,000 4,174,000 4,610,000 4,458,000 4,546,000 4,017,000 4,245,000 4,012,000 4,177,000 3,811,000 3,495,000 3,722,000 3,798,000 4,067,000 3,996,000 3,697,000 3,849,000 4,385,000 3,292,000 
  new pet acquisition expense19,843,000 20,516,000 18,354,000 18,308,000 17,874,000 16,843,000 17,189,000 17,772,000 20,769,000 21,642,000 22,457,000 22,434,000 22,982,000 21,627,000                                
  depreciation and amortization3,962,000 3,791,000 3,924,000 4,381,000 4,376,000 3,785,000 3,029,000 2,990,000 3,253,000 3,202,000 2,897,000 2,600,000 2,707,000 2,717,000 2,770,000 2,944,000 3,158,000 3,093,000                            
  total operating expenses52,513,000 52,271,000 52,577,000 47,599,000 45,693,000 42,261,000 39,577,000 38,728,000 42,390,000 50,761,000 42,781,000 41,901,000 41,312,000 38,939,000 36,276,000 35,289,000 34,062,000 33,744,000 26,720,000 22,848,000 18,331,000 18,803,000 17,080,000 16,543,000 16,554,000 16,315,000 14,403,000 12,838,000 12,610,000 12,560,000 12,899,000 11,350,000 10,939,000 10,504,000 10,872,000 10,042,000 9,223,000 9,849,000 10,249,000 11,200,000 10,408,000 10,146,000 9,681,000 9,851,000 8,655,000 
  income from investment in joint venture -305,000   -47,000 -103,000        -69,000                                
  operating income2,314,000 -1,473,000 348,000 1,746,000 -5,471,000 -6,137,000 408,000 -3,491,000 -13,090,000 -24,486,000 -9,217,000 -11,899,000 -12,771,000 -9,114,000 -5,763,000 -7,192,000 -9,512,000 -12,729,000 -3,169,000 -2,257,000 1,509,000 -1,010,000 633,000 843,000 -2,113,000 -1,283,000 -198,000 906,000 -257,000 -1,496,000 -1,162,000 457,000 -588,000 -1,349,000 -1,654,000 -1,542,000 -957,000 -2,545,000 -2,979,000 -4,609,000 -4,622,000 -4,564,000 -4,158,000 -5,406,000 -3,505,000 
  yoy-142.30% -76.00% -14.71% -150.01% -58.20% -74.94% -104.43% -70.66% 2.50% 168.66% 59.93% 65.45% 34.26% -28.40% 81.86% 218.65% -730.35% 1160.30% -600.63% -367.73% -171.42% -21.28% -419.70% -6.95% 722.18% -14.24% -82.96% 98.25% -56.29% 10.90% -29.75% -129.64% -38.56% -46.99% -44.48% -66.54% -79.29% -44.24% -28.35% -14.74% 31.87%     
  qoq-257.09% -523.28% -80.07% -131.91% -10.85% -1604.17% -111.69% -73.33% -46.54% 165.66% -22.54% -6.83% 40.13% 58.15% -19.87% -24.39% -25.27% 301.67% 40.41% -249.57% -249.41% -259.56% -24.91% -139.90% 64.69% 547.98% -121.85% -452.53% -82.82% 28.74% -354.27% -177.72% -56.41% -18.44% 7.26% 61.13% -62.40% -14.57% -35.37% -0.28% 1.27% 9.76% -23.09% 54.24%  
  operating margin %0.65% -0.43% 0.10% 0.53% -1.74% -2.00% 0.14% -1.22% -4.84% -9.55% -3.75% -5.09% -5.82% -4.42% -2.96% -3.96% -5.65% -8.23% -2.22% -1.73% 1.28% -0.91% 0.60% 0.85% -2.29% -1.48% -0.24% 1.16% -0.35% -2.14% -1.75% 0.72% -1.01% -2.46% -3.22% -3.19% -2.09% -5.96% -7.41% -12.17% -12.99% -13.70% -13.05% -17.83% -12.48% 
  interest expense3,682,000 3,211,000 3,427,000 3,820,000 3,655,000 3,596,000 3,697,000 3,053,000 2,940,000 2,387,000 1,587,000 1,408,000 1,193,000 79,000 9,000  3,000 -2,000 337,000 324,000 341,000 379,000 375,000 340,000 317,000 317,000 311,000 336,000 332,000 219,000 163,000 124,000 109,000 137,000 81,000 66,000 41,000 30,000 27,000 14,000 40,000 245,000 103,000 5,155,000 726,000 
  other (income)-11,914,000 -3,240,000                                            
  income before income taxes10,546,000 -1,444,000 1,694,000 1,464,000 -5,906,000 -6,890,000 -2,033,000 -4,079,000 -13,952,000 -24,971,000 -9,300,000 -12,418,000 -13,599,000 -8,879,000   -9,416,000 -12,665,000 -3,458,000 -2,532,000 1,370,000 -1,107,000 793,000 800,000 -1,977,000 -1,256,000 -271,000 1,198,000 -286,000 -1,575,000 -1,320,000 432,000 415,000 -1,458,000 -1,716,000 -1,624,000 -960,000 -2,558,000 -2,989,000 -4,627,000 -4,647,000 -4,828,000 -4,319,000 -8,495,000 -3,472,000 
  income tax (benefit) expense1,133,000 39,000               -195,000 -217,000       -46,000  4,000 -7,000  -95,000           -22,000     
  net income9,413,000 -1,483,000 1,656,000 1,425,000 -5,862,000 -6,852,000 -2,163,000 -4,036,000 -13,714,000 -24,780,000 -9,285,000 -12,914,000 -13,618,000 -8,855,000 -7,042,000 -6,819,000 -9,221,000 -12,448,000 -3,502,000 -2,558,000 1,353,000 -1,133,000 636,000 782,000 -1,931,000 -1,296,000 -275,000 1,205,000 -377,000 -1,480,000 -838,000 406,000 411,000 -1,482,000 -1,723,000 -1,637,000 -964,000 -2,572,000 -3,001,000 -4,643,000 -4,625,000 -4,936,000 -4,276,000 -8,509,000 -3,479,000 
  yoy-260.58% -78.36% -176.56% -135.31% -57.26% -72.35% -76.70% -68.75% 0.70% 179.84% 31.85% 89.38% 47.68% -28.86% 101.09% 166.58% -781.52% 998.68% -650.63% -427.11% -170.07% -12.58% -331.27% -35.10% 412.20% -12.43% -67.18% 196.80% -191.73% -0.13% -51.36% -124.80% -142.63% -42.38% -42.59% -64.74% -79.16% -47.89% -29.82% -45.43% 32.94%     
  qoq-734.73% -189.55% 16.21% -124.31% -14.45% 216.78% -46.41% -70.57% -44.66% 166.88% -28.10% -5.17% 53.79% 25.75% 3.27% -26.05% -25.92% 255.45% 36.90% -289.06% -219.42% -278.14% -18.67% -140.50% 49.00% 371.27% -122.82% -419.63% -74.53% 76.61% -306.40% -1.22% -127.73% -13.99% 5.25% 69.81% -62.52% -14.30% -35.37% 0.39% -6.30% 15.43% -49.75% 144.58%  
  net income margin %2.66% -0.43% 0.49% 0.44% -1.86% -2.24% -0.73% -1.41% -5.07% -9.67% -3.77% -5.52% -6.21% -4.30% -3.62% -3.75% -5.48% -8.05% -2.45% -1.97% 1.15% -1.02% 0.60% 0.79% -2.09% -1.49% -0.33% 1.54% -0.51% -2.12% -1.26% 0.64% 0.71% -2.71% -3.36% -3.39% -2.10% -6.02% -7.46% -12.26% -13.00% -14.82% -13.42% -28.07% -12.39% 
  net income per share                                             
  basic0.22  -0.068 0.03             -0.23  -0.018 -0.07 0.04  -0.018 0.02   -0.005 0.04                  
  diluted0.22  -0.068 0.03             -0.23  -0.018 -0.07 0.04  -0.018 0.02   -0.005 0.03                  
  weighted-average shares of common stock outstanding:                                             
  basic42,872,153   42,233,903             40,142,872   35,426,742 35,143,592   34,876,782    33,129,416 30,721,037   30,037,282 29,510,907             
  diluted43,325,704   42,822,505             40,142,872   35,426,742 36,688,167   36,399,136    36,385,360 30,721,037   33,113,981 32,734,624             
  net income per share                                             
  basic and diluted -0.03   -0.14 -0.16 -0.05 -0.1 -0.33 -0.6 -0.23 -0.32 -0.33 -0.22 -0.18 -0.17  -0.31    -0.03   -0.06 -0.04   -0.01 -0.05 -0.03 0.01 0.01 -0.05 -0.06 -0.06 -0.03 -0.09 -0.1 -0.17 -0.17 -0.18 0.45 -0.41 -2.25 
  weighted-average shares of common stock outstanding:                                             
  basic and diluted 42,775,955 42,158,773  42,078,271 41,917,094 41,436,882 41,536,575 41,383,411 41,107,889 40,765,355 40,799,819 40,738,738 40,581,989 40,137,505 40,283,818  39,700,454 35,858,869   35,007,052 34,645,345  34,610,709 34,292,367 31,961,192   30,246,585 29,588,324   29,254,681 28,527,602 28,732,417 28,348,348 27,999,248 27,638,443 27,755,310 27,597,721 27,337,302 12,934,477 20,857,126 1,543,134 
  gain from investment in joint venture  2,000 -34,000   -79,000 4,000 -73,000 -71,000 -42,000 -57,000 -42,000  -37,250 -69,000 5,000 -85,000 -42,000 2,000 -27,000 -59,000 -21,000 -59,000 -272,000                     
  other income  -4,773,000 -3,538,000 -3,220,000 -2,843,000 -1,256,000 -2,465,000 -2,078,000 -1,902,000 -1,504,000 -889,000 -365,000 -314,000 236,000 -61,000 -99,000 -62,000 -48,000 -49,000 -202,000 -282,000 -535,000 -297,000 -453,000 -344,000 -238,000 -628,000 -303,000 -140,000 -5,000 -99,000 -1,112,000 -28,000 -19,000 16,000 -38,000 -17,000 -17,000 4,000 -15,000 19,000 58,000 -2,066,000 -759,000 
  income tax benefit  38,000 39,000 -44,000 -38,000 130,000 -43,000 -238,000 -191,000 122,750 496,000 19,000 -24,000 -181,000 -312,000     17,000  157,000 18,000  40,000   91,000        4,000      9,000 14,000 7,000 
  sales and marketing              14,700,500 19,708,000 19,390,000 19,704,000 14,809,000 13,344,000 9,242,000 10,442,000 9,212,000 9,255,000 8,757,000 8,227,000 6,994,000 6,365,000 5,702,000 5,938,000 5,781,000 4,862,000 4,372,000 4,089,000 3,951,000 3,892,000 3,564,000 3,840,000 3,919,000 4,128,000 3,533,000 3,651,000 3,218,000 2,934,000 2,810,000 
  gain before income taxes              -7,303,000 -7,131,000                              
  includes stock-based compensation expense as follows:                                             
  gross profit                  14,577,000 20,589,000 19,867,000 17,852,000 17,734,000 17,445,000 14,713,000 15,032,000 14,205,000 13,744,000 12,353,000 11,064,000 11,737,000 11,807,000 10,351,000 9,155,000 9,218,000 8,500,000 8,266,000 7,304,000 7,270,000 6,591,000 5,786,000 5,582,000 5,523,000 4,445,000 5,150,000 
  yoy                  -17.80% 18.02% 35.03% 18.76% 24.84% 26.93% 19.10% 35.86% 21.03% 16.41% 19.34% 20.85% 27.33% 38.91% 25.22% 25.34% 26.80% 28.96% 42.86% 30.85% 31.63% 48.28% 12.35%     
  qoq                  -29.20% 3.63% 11.29% 0.67% 1.66% 18.57% -2.12% 5.82% 3.35% 11.26% 11.65% -5.73% -0.59% 14.07% 13.06% -0.68% 8.45% 2.83% 13.17% 0.47% 10.30% 13.91% 3.65% 1.07% 24.25% -13.69%  
  gross margin %0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10.22% 15.82% 16.85% 16.04% 16.81% 17.57% 15.96% 17.28% 17.19% 17.58% 16.83% 15.86% 17.64% 18.71% 17.76% 16.73% 17.95% 17.58% 18.04% 17.11% 18.08% 17.41% 16.26% 16.76% 17.33% 14.66% 18.33% 
  income tax expense                  17,250 26,000  26,000         13,500 26,000 4,000 24,000 7,750 13,000  14,000 25,500 16,000  108,000    
  weighted-average common shares outstanding:                                             
  basic42,872,153   42,233,903             40,142,872   35,426,742 35,143,592   34,876,782    33,129,416 30,721,037   30,037,282 29,510,907             
  diluted43,325,704   42,822,505             40,142,872   35,426,742 36,688,167   36,399,136    36,385,360 30,721,037   33,113,981 32,734,624             
  weighted-average common shares outstanding:                                             
  basic and diluted 42,775,955 42,158,773  42,078,271 41,917,094 41,436,882 41,536,575 41,383,411 41,107,889 40,765,355 40,799,819 40,738,738 40,581,989 40,137,505 40,283,818  39,700,454 35,858,869   35,007,052 34,645,345  34,610,709 34,292,367 31,961,192   30,246,585 29,588,324   29,254,681 28,527,602 28,732,417 28,348,348 27,999,248 27,638,443 27,755,310 27,597,721 27,337,302 12,934,477 20,857,126 1,543,134 
  claims expenses                              30,912,250 43,453,000 41,009,000 39,187,000 36,211,000 34,253,000 32,466,000 30,604,000 27,882,000 26,604,000 25,487,000 23,351,000 22,094,000 21,808,000 18,977,000 
  weighted-average shares used for eps calculation                                             
  basic and diluted 42,775,955 42,158,773  42,078,271 41,917,094 41,436,882 41,536,575 41,383,411 41,107,889 40,765,355 40,799,819 40,738,738 40,581,989 40,137,505 40,283,818  39,700,454 35,858,869   35,007,052 34,645,345  34,610,709 34,292,367 31,961,192   30,246,585 29,588,324   29,254,681 28,527,602 28,732,417 28,348,348 27,999,248 27,638,443 27,755,310 27,597,721 27,337,302 12,934,477 20,857,126 1,543,134 
                                               

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