Trupanion, Inc(NASDAQ:TRUP)

Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians...
Website: http://www.trupanion.com
Founded: 1999
Full Time Employees: 738
Sector: Financial Services
Industry: Insurance-Specialty
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 384,049,000 | 376,853,000 | 366,920,000 | 353,557,000 | 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 |
yoy | 12.30% | 11.72% | 12.05% | 12.31% | 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% | ||||
qoq | 1.91% | 2.71% | 3.78% | 3.39% | 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 expense | 281,436,000 | 262,818,000 | 263,127,000 | 255,580,000 | 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 revenue | 41,124,000 | 49,008,000 | 43,739,000 | 43,150,000 | 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 revenue | 322,560,000 | 311,826,000 | 306,866,000 | 298,730,000 | 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 development | 11,294,000 | 11,303,000 | 9,887,000 | 8,586,000 | 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 administrative | 19,102,000 | 18,323,000 | 18,311,000 | 20,122,000 | 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 expense | 22,611,000 | 23,103,000 | 21,946,000 | 19,843,000 | 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 amortization | 3,706,000 | 4,032,000 | 4,051,000 | 3,962,000 | 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 expenses | 56,713,000 | 57,890,000 | 54,195,000 | 52,513,000 | 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 |
loss from investment in joint venture | -305,000 | -47,000 | -103,000 | -69,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating income | 4,776,000 | 7,137,000 | 5,859,000 | 2,314,000 | -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 | -424.24% | 1950.86% | 235.57% | -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 | -33.08% | 21.81% | 153.20% | -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 % | 1.24% | 1.89% | 1.60% | 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 expense | 1,875,000 | 4,076,000 | 2,790,000 | 3,682,000 | 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) | -3,055,000 | -3,232,000 | -3,530,000 | -11,914,000 | -3,240,000 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 5,956,000 | 6,293,000 | 6,599,000 | 10,546,000 | -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 expense | 1,076,000 | 663,000 | 726,000 | 1,133,000 | 39,000 | 38,000 | 39,000 | 130,000 | -43,000 | -238,000 | -191,000 | -15,000 | 496,000 | 19,000 | 1,034,000 | -312,000 | -195,000 | -217,000 | 44,000 | 26,000 | 17,000 | 26,000 | 157,000 | 18,000 | -46,000 | 40,000 | 4,000 | -7,000 | 91,000 | -95,000 | -482,000 | 26,000 | 4,000 | 24,000 | 7,000 | 13,000 | 4,000 | 14,000 | 12,000 | 16,000 | -22,000 | 108,000 | -43,000 | 14,000 | 7,000 | |||
net income | 4,880,000 | 5,630,000 | 5,873,000 | 9,413,000 | -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 | -429.06% | 239.98% | 312.14% | -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 | -13.32% | -4.14% | -37.61% | -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 % | 1.27% | 1.49% | 1.60% | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.11 | 0.13 | 0.14 | 0.22 | -0.068 | 0.03 | -0.23 | -0.018 | -0.07 | 0.04 | -0.018 | 0.02 | -0.005 | 0.04 | ||||||||||||||||||||||||||||||||||
diluted | 0.11 | 0.13 | 0.13 | 0.22 | -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: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 43,505,604 | 42,958,654 | 43,076,695 | 42,872,153 | 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 | |||||||||||||||||||||||||||||||||||
diluted | 43,681,740 | 43,555,884 | 43,562,132 | 43,325,704 | 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 | -2,400,250 | -3,538,000 | -3,220,000 | -2,843,000 | -1,611,250 | -2,465,000 | -2,078,000 | -1,902,000 | -392,000 | -889,000 | -365,000 | -314,000 | -55,500 | -61,000 | -99,000 | -62,000 | -48,000 | -49,000 | -202,000 | -282,000 | -535,000 | -297,000 | -453,000 | -344,000 | -28,000 | |||||||||||||||||||||||
income tax benefit | -44,000 | -38,000 | -24,000 | |||||||||||||||||||||||||||||||||||||||||||||
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% | 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% |
other expense | -267,750 | -628,000 | -303,000 | -140,000 | -5,000 | -99,000 | -1,112,000 | -9,750 | 16,000 | -38,000 | -17,000 | -17,000 | 4,000 | -15,000 | 19,000 | 58,000 | -2,066,000 | -759,000 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 43,505,604 | 42,958,654 | 43,076,695 | 42,872,153 | 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 | |||||||||||||||||||||||||||||||||||
diluted | 43,681,740 | 43,555,884 | 43,562,132 | 43,325,704 | 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 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 153,456,000 | 138,024,000 | 154,773,000 | 122,742,000 | 166,308,000 | 160,295,000 | 137,477,000 | 124,343,000 | 146,455,000 | 147,501,000 | 150,336,000 | 118,417,000 | 126,714,000 | 65,605,000 | 85,506,000 | 101,615,000 | 122,462,000 | 87,400,000 | 109,641,000 | 117,332,000 | 133,126,000 | 139,878,000 | 35,230,000 | 30,013,000 | 27,221,000 | 29,168,000 | 25,027,000 | 27,379,000 | 26,622,000 | 26,552,000 | 34,677,000 | 95,424,000 | 30,786,000 | 25,706,000 | 25,249,000 | 24,604,000 | 21,937,000 | 23,637,000 | 20,626,000 | 18,207,000 | 17,526,000 | 17,956,000 | 21,688,000 | 26,157,000 | 32,494,000 | 53,098,000 | 59,069,000 | 9,288,000 |
short-term investments | 230,205,000 | 232,706,000 | 193,761,000 | 196,854,000 | 155,508,000 | 147,089,000 | 155,580,000 | 152,870,000 | 128,734,000 | 129,667,000 | 115,570,000 | 117,648,000 | 117,910,000 | 156,804,000 | 97,438,000 | 141,420,000 | 136,571,000 | 126,012,000 | 111,885,000 | 102,089,000 | 91,331,000 | 89,862,000 | 83,072,000 | 75,162,000 | 76,094,000 | 69,732,000 | 71,424,000 | 64,712,000 | 61,648,000 | 54,559,000 | 39,422,000 | 42,802,000 | 39,360,000 | 37,590,000 | 34,031,000 | 32,565,000 | 30,793,000 | 29,570,000 | 28,720,000 | 27,192,000 | 25,567,000 | 25,288,000 | 23,203,000 | 21,547,000 | 21,330,000 | 22,371,000 | ||
accounts and other receivables, net of allowance for credit losses of 2,419 at march 31, 2026 and 1,311 at december 31, 2025 | 304,796,000 | |||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 16,709,000 | 18,387,000 | 16,963,000 | 16,665,000 | 16,417,000 | 15,912,000 | 16,692,000 | 15,703,000 | 17,084,000 | 17,022,000 | 17,386,000 | 18,882,000 | 17,491,000 | 14,248,000 | 14,802,000 | 15,248,000 | 14,488,000 | 12,325,000 | 11,077,000 | 10,535,000 | 9,664,000 | 8,222,000 | 7,344,000 | 5,888,000 | 5,766,000 | 5,513,000 | 4,861,000 | 4,322,000 | 4,847,000 | 5,300,000 | 4,184,000 | 6,890,000 | 3,046,000 | 2,895,000 | 2,987,000 | 2,294,000 | 2,243,000 | 2,062,000 | 1,919,000 | 1,717,000 | 2,038,000 | 2,193,000 | 2,157,000 | 1,677,000 | 1,448,000 | 1,299,000 | 1,386,000 | 1,059,000 |
total current assets | 705,166,000 | 691,062,000 | 668,031,000 | 629,081,000 | 628,337,000 | 597,327,000 | 599,572,000 | 578,860,000 | 570,765,000 | 562,089,000 | 561,205,000 | 520,595,000 | 510,359,000 | 469,096,000 | 421,828,000 | 462,532,000 | 462,556,000 | 390,954,000 | 390,548,000 | 369,922,000 | 352,005,000 | 337,027,000 | 218,055,000 | 191,787,000 | 175,078,000 | 158,821,000 | 151,456,000 | 139,963,000 | 130,685,000 | 117,976,000 | 110,268,000 | 173,668,000 | 97,509,000 | 86,558,000 | 82,582,000 | 76,561,000 | 68,486,000 | 65,387,000 | 61,551,000 | 56,394,000 | 53,595,000 | 53,633,000 | 55,392,000 | 58,159,000 | 63,058,000 | 84,655,000 | 88,350,000 | 32,514,000 |
restricted cash | 29,416,000 | 33,434,000 | 34,136,000 | 41,729,000 | 39,702,000 | 39,235,000 | 23,394,000 | 23,250,000 | 23,106,000 | 22,963,000 | 18,245,000 | 18,131,000 | 19,045,000 | 19,032,000 | 13,477,000 | 13,472,000 | 13,470,000 | 13,469,000 | 6,324,000 | 6,322,000 | 6,321,000 | 6,319,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 1,400,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 2,700,000 | |||||||||
long-term investments | 986,000 | 983,000 | 981,000 | 167,000 | 376,000 | 373,000 | 14,215,000 | 14,119,000 | 13,007,000 | 12,866,000 | 11,434,000 | 9,818,000 | 8,440,000 | 7,841,000 | ||||||||||||||||||||||||||||||||||
property, equipment, and internal-use software | 102,612,000 | 104,844,000 | 104,683,000 | 101,785,000 | 101,938,000 | 102,191,000 | 102,862,000 | 104,022,000 | 104,365,000 | 103,650,000 | 100,730,000 | 97,984,000 | 94,472,000 | |||||||||||||||||||||||||||||||||||
intangible assets | 23,684,000 | 24,102,000 | 24,772,000 | 26,134,000 | 12,130,000 | 13,177,000 | 14,888,000 | 15,930,000 | 17,221,000 | 18,745,000 | 19,770,000 | 21,633,000 | 23,023,000 | 24,031,000 | 19,327,000 | 19,758,000 | 21,317,000 | 22,663,000 | 23,530,000 | 25,120,000 | 26,105,000 | 27,134,000 | 6,944,000 | 7,111,000 | 7,571,000 | 7,731,000 | 7,692,000 | 7,631,000 | 7,839,000 | 8,071,000 | 8,084,000 | 5,158,000 | 5,000,000 | 4,972,000 | 4,965,000 | 4,950,000 | 4,946,000 | 4,910,000 | 4,894,000 | 4,882,000 | 4,865,000 | 4,854,000 | 4,799,000 | 4,815,000 | 4,831,000 | 4,847,000 | 4,863,000 | 4,880,000 |
other long-term assets | 21,095,000 | 21,237,000 | 7,186,000 | 7,904,000 | 16,356,000 | 17,579,000 | 16,004,000 | 16,737,000 | 18,013,000 | 18,922,000 | 18,645,000 | 18,153,000 | 19,544,000 | 18,943,000 | 21,553,000 | 19,246,000 | 17,722,000 | 17,776,000 | 15,688,000 | 16,476,000 | 16,468,000 | 16,557,000 | 14,591,000 | 14,495,000 | 14,487,000 | 14,553,000 | 8,769,000 | 8,208,000 | 8,315,000 | 6,706,000 | 6,580,000 | 2,554,000 | 2,596,000 | 2,739,000 | 2,723,000 | 2,790,000 | ||||||||||||
goodwill | 38,621,000 | 39,382,000 | 40,384,000 | 40,989,000 | 38,323,000 | 36,971,000 | 45,183,000 | 43,028,000 | 42,983,000 | 43,713,000 | 42,005,000 | 43,877,000 | 43,031,000 | 41,983,000 | 29,526,000 | 29,405,000 | 31,794,000 | 32,709,000 | 32,583,000 | 33,495,000 | 33,327,000 | 33,045,000 | ||||||||||||||||||||||||||
total assets | 921,580,000 | 915,044,000 | 880,173,000 | 847,789,000 | 837,162,000 | 806,853,000 | 816,118,000 | 795,946,000 | 789,460,000 | 782,948,000 | 772,034,000 | 730,191,000 | 717,914,000 | 671,627,000 | 647,896,000 | 635,170,000 | 634,611,000 | 562,582,000 | 550,710,000 | 531,966,000 | 513,698,000 | 498,250,000 | 317,142,000 | 290,273,000 | 273,199,000 | 257,200,000 | 242,987,000 | 230,464,000 | 221,305,000 | 207,510,000 | 199,875,000 | 194,299,000 | 117,218,000 | 105,859,000 | 101,928,000 | 95,651,000 | 87,733,000 | 82,345,000 | 78,511,000 | 73,882,000 | 70,870,000 | 70,917,000 | 72,554,000 | 74,648,000 | 77,457,000 | 98,306,000 | 100,512,000 | 48,750,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 12,828,000 | 16,445,000 | 12,760,000 | 8,670,000 | 9,681,000 | 11,532,000 | 10,136,000 | 6,630,000 | 8,348,000 | 10,505,000 | 8,967,000 | 6,918,000 | 7,384,000 | 9,471,000 | 7,627,000 | 6,477,000 | 5,795,000 | 8,952,000 | 6,482,000 | 4,863,000 | 5,262,000 | 6,059,000 | 4,999,000 | 2,928,000 | 4,772,000 | 4,087,000 | 2,815,000 | 2,117,000 | 2,897,000 | 2,767,000 | 2,163,000 | 2,373,000 | 3,343,000 | 2,716,000 | 2,327,000 | 1,779,000 | 2,020,000 | 2,006,000 | 1,284,000 | 865,000 | 1,027,000 | 1,289,000 | 1,451,000 | 1,218,000 | 1,438,000 | 1,962,000 | 1,641,000 | 4,179,000 |
accrued liabilities and other current liabilities | 42,329,000 | 56,509,000 | 43,577,000 | 37,629,000 | 36,907,000 | 33,469,000 | 33,461,000 | 34,668,000 | 30,473,000 | 34,052,000 | 29,422,000 | 29,893,000 | 29,560,000 | 32,616,000 | 31,112,000 | 31,175,000 | 29,746,000 | 28,162,000 | 25,865,000 | 22,530,000 | 23,365,000 | 22,864,000 | 19,057,000 | 15,017,000 | 14,003,000 | 13,798,000 | 13,555,000 | 13,390,000 | 12,059,000 | 11,347,000 | 12,006,000 | 10,424,000 | 8,347,000 | 7,660,000 | 7,813,000 | 6,582,000 | ||||||||||||
reserve for veterinary invoices | 56,701,000 | 55,921,000 | 53,972,000 | 52,523,000 | 54,042,000 | 51,635,000 | 56,668,000 | 60,574,000 | 62,275,000 | 63,238,000 | 61,338,000 | 56,202,000 | 48,295,000 | 43,734,000 | 39,542,000 | 36,637,000 | 38,524,000 | 39,671,000 | 38,750,000 | 35,856,000 | 30,135,000 | 28,929,000 | 28,839,000 | 24,380,000 | 22,862,000 | 21,194,000 | 19,299,000 | 18,280,000 | 17,175,000 | 16,062,000 | 14,216,000 | 13,996,000 | 13,450,000 | 12,756,000 | ||||||||||||||
deferred revenue | 286,508,000 | 270,935,000 | 279,713,000 | 272,120,000 | 267,357,000 | 251,640,000 | 260,238,000 | 252,583,000 | 249,135,000 | 235,329,000 | 246,511,000 | 236,545,000 | 225,513,000 | 202,692,000 | 202,504,000 | 185,292,000 | 170,990,000 | 146,911,000 | 140,125,000 | 126,614,000 | 110,912,000 | 92,547,000 | 86,954,000 | 75,658,000 | 62,014,000 | 52,546,000 | 49,900,000 | 44,086,000 | 38,594,000 | 33,027,000 | 32,848,000 | 30,339,000 | 26,757,000 | 22,734,000 | 22,656,000 | 20,442,000 | 17,690,000 | 13,463,000 | 13,171,000 | 12,396,000 | 11,785,000 | 11,042,000 | 10,604,000 | 10,115,000 | 9,677,000 | 9,345,000 | 9,291,000 | 8,771,000 |
long-term debt - current portion | 10,000,000 | 10,000,000 | 750,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,350,000 | 1,100,000 | 1,263,000 | 1,103,000 | 600,000 | 609,000 | 609,000 | |||||||||||||||||||||||||||||||
total current liabilities | 408,366,000 | 409,810,000 | 390,772,000 | 372,292,000 | 369,337,000 | 349,626,000 | 361,853,000 | 355,805,000 | 351,581,000 | 344,474,000 | 347,588,000 | 330,658,000 | 312,015,000 | 289,616,000 | 281,385,000 | 260,190,000 | 245,664,000 | 223,696,000 | 211,222,000 | 189,863,000 | 169,674,000 | 150,399,000 | 139,849,000 | 117,983,000 | 103,651,000 | 91,625,000 | 85,569,000 | 77,873,000 | 70,725,000 | 63,203,000 | 61,233,000 | 57,132,000 | 51,897,000 | 45,866,000 | 44,051,000 | 39,623,000 | 35,400,000 | 30,657,000 | 27,462,000 | 25,250,000 | 23,632,000 | 23,617,000 | 23,238,000 | 21,373,000 | 20,943,000 | 22,544,000 | 21,284,000 | 28,690,000 |
long-term debt | 99,346,000 | 101,784,000 | 113,790,000 | 113,116,000 | 127,526,000 | 127,537,000 | 127,548,000 | 127,559,000 | 127,482,000 | 127,580,000 | 127,580,000 | 102,934,000 | 102,936,000 | 68,354,000 | 53,560,000 | 53,623,000 | 53,662,000 | 29,839,000 | 27,347,000 | 29,844,000 | 26,086,000 | 22,071,000 | 19,056,000 | 18,078,000 | 12,862,000 | 8,604,000 | 18,628,000 | 14,851,000 | 9,324,000 | 7,299,000 | 6,309,000 | 4,788,000 | 4,767,000 | 3,969,000 | 986,000 | 968,000 | 14,900,000 | 14,900,000 | 24,997,000 | |||||||||
deferred tax liabilities | 955,000 | 1,510,000 | 2,252,000 | 2,007,000 | 1,884,000 | 1,946,000 | 2,166,000 | 2,239,000 | 2,399,000 | 2,685,000 | 2,583,000 | 2,940,000 | 3,130,000 | 3,392,000 | 2,601,000 | 2,480,000 | 2,690,000 | 2,827,000 | 3,803,000 | 4,259,000 | 4,477,000 | 4,705,000 | 1,118,000 | 1,118,000 | 1,118,000 | 1,118,000 | 1,002,000 | 1,014,000 | 1,002,000 | 1,002,000 | 1,002,000 | 1,002,000 | 1,002,000 | 1,002,000 | 1,623,000 | 1,623,000 | 1,623,000 | 251,000 | 169,000 | 169,000 | 169,000 | 169,000 | 1,495,000 | 1,495,000 | 1,495,000 | 124,000 | 82,000 | 82,000 |
other liabilities | 18,091,000 | 18,004,000 | 4,797,000 | 4,920,000 | 4,742,000 | 4,476,000 | 4,376,000 | 4,495,000 | 4,627,000 | 4,487,000 | 4,818,000 | 4,901,000 | 5,024,000 | 4,968,000 | 4,612,000 | 4,123,000 | 4,062,000 | 3,859,000 | 3,712,000 | 3,639,000 | 3,470,000 | 3,207,000 | 2,038,000 | 1,916,000 | 1,761,000 | 1,611,000 | 1,499,000 | 1,498,000 | 1,491,000 | 1,270,000 | 1,174,000 | 1,285,000 | 1,221,000 | 1,233,000 | 1,003,000 | 944,000 | 837,000 | 834,000 | 858,000 | 741,000 | 531,000 | 511,000 | 412,000 | 112,000 | 102,000 | 92,000 | 141,000 | 792,000 |
total liabilities | 526,758,000 | 531,108,000 | 511,611,000 | 492,335,000 | 503,489,000 | 483,585,000 | 495,943,000 | 490,098,000 | 486,089,000 | 479,226,000 | 482,569,000 | 441,433,000 | 423,105,000 | 366,330,000 | 342,158,000 | 320,416,000 | 306,078,000 | 230,382,000 | 218,737,000 | 197,761,000 | 177,621,000 | 158,311,000 | 172,844,000 | 148,364,000 | 136,374,000 | 120,440,000 | 110,141,000 | 99,441,000 | 91,296,000 | 78,337,000 | 72,013,000 | 78,047,000 | 68,971,000 | 57,425,000 | 53,976,000 | 48,499,000 | 42,648,000 | 37,630,000 | 33,722,000 | 28,410,000 | 26,562,000 | 25,561,000 | 25,145,000 | 22,980,000 | 22,540,000 | 39,031,000 | 37,867,000 | 56,021,000 |
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||
common stock: 0.00001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.00001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 613,624,000 | 604,828,000 | 595,802,000 | 587,289,000 | 578,293,000 | 568,302,000 | 561,010,000 | 553,122,000 | 544,593,000 | 536,108,000 | 527,199,000 | 519,450,000 | 511,940,000 | 499,694,000 | 490,566,000 | 481,818,000 | 472,878,000 | 466,792,000 | 460,339,000 | 453,950,000 | 446,975,000 | 439,007,000 | 242,825,000 | 238,077,000 | 234,642,000 | 232,731,000 | 230,209,000 | 229,069,000 | 226,262,000 | 219,838,000 | 217,833,000 | 207,505,000 | 139,009,000 | 134,511,000 | 133,150,000 | 132,950,000 | 131,421,000 | 129,574,000 | 127,213,000 | 126,188,000 | 124,077,000 | 122,844,000 | 121,741,000 | 121,114,000 | 119,760,000 | 119,045,000 | 118,153,000 | 7,046,000 |
accumulated other comprehensive income | -693,000 | 2,097,000 | 1,379,000 | 2,657,000 | -715,000 | -2,612,000 | 3,243,000 | -1,771,000 | -1,581,000 | 403,000 | -7,108,000 | -4,102,000 | -4,255,000 | -6,301,000 | -6,017,000 | -1,171,000 | 2,179,000 | 3,077,000 | 2,261,000 | 4,063,000 | 3,689,000 | 3,071,000 | 110,000 | -89,000 | -385,000 | 250,000 | -502,000 | -348,000 | -104,000 | -126,000 | 11,000 | |||||||||||||||||
accumulated deficit | -201,575,000 | -206,455,000 | -212,085,000 | -217,958,000 | -227,371,000 | -225,888,000 | -227,544,000 | -228,969,000 | -223,107,000 | -216,255,000 | -214,092,000 | -210,056,000 | -196,342,000 | -171,562,000 | -162,277,000 | -149,363,000 | -135,745,000 | -126,890,000 | -119,848,000 | -113,029,000 | -103,808,000 | -91,360,000 | -87,858,000 | -85,300,000 | -86,653,000 | -85,520,000 | -86,156,000 | -86,938,000 | -85,007,000 | -83,711,000 | -83,436,000 | -84,641,000 | -84,264,000 | -82,784,000 | -81,946,000 | -82,352,000 | -82,763,000 | -81,281,000 | -79,558,000 | -77,921,000 | -76,957,000 | -74,385,000 | -71,383,000 | -66,741,000 | -62,116,000 | -57,180,000 | -52,904,000 | -44,395,000 |
treasury stock | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,534,000 | -16,530,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,779,000 | -10,701,000 | -10,701,000 | -10,701,000 | -10,701,000 | -6,201,000 | -6,201,000 | -6,201,000 | -6,201,000 | -3,201,000 | -3,201,000 | -3,201,000 | -3,201,000 | -3,201,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 | -2,601,000 |
total stockholders’ equity | 394,822,000 | 383,936,000 | 368,562,000 | 355,454,000 | 333,673,000 | 323,268,000 | 320,175,000 | 305,848,000 | 303,371,000 | 303,722,000 | 289,465,000 | 288,758,000 | 294,809,000 | 305,297,000 | 305,738,000 | 314,754,000 | 328,533,000 | 332,200,000 | 331,973,000 | 334,205,000 | 336,077,000 | 339,939,000 | 144,298,000 | 141,909,000 | 136,825,000 | 136,760,000 | 132,846,000 | 131,023,000 | 130,009,000 | 129,173,000 | 127,862,000 | 116,252,000 | 48,247,000 | 48,434,000 | 47,952,000 | 47,152,000 | 45,085,000 | 44,715,000 | 44,789,000 | 45,472,000 | 44,308,000 | 45,356,000 | 47,409,000 | 51,668,000 | 54,917,000 | 59,275,000 | 62,645,000 | |
total liabilities and stockholders’ equity | 921,580,000 | 915,044,000 | 880,173,000 | 847,789,000 | 837,162,000 | 806,853,000 | 816,118,000 | 795,946,000 | 789,460,000 | 782,948,000 | 772,034,000 | 730,191,000 | 717,914,000 | 671,627,000 | 647,896,000 | 635,170,000 | 634,611,000 | 562,582,000 | 550,710,000 | 531,966,000 | 513,698,000 | 498,250,000 | 317,142,000 | 290,273,000 | 273,199,000 | 257,200,000 | 242,987,000 | 230,464,000 | 221,305,000 | 207,510,000 | 199,875,000 | 194,299,000 | 117,218,000 | 105,859,000 | 101,928,000 | 95,651,000 | 87,733,000 | 82,345,000 | 78,511,000 | 73,882,000 | 70,870,000 | 70,917,000 | 72,554,000 | 74,648,000 | 77,457,000 | |||
accounts and other receivables, net of allowance for credit losses of 1,311 at december 31, 2025 and 1,117 at december 31, 2024 | 301,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit losses of 1,595 at september 30, 2025 and 1,117 at december 31, 2024 | 302,534,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit losses of 1,357 at june 30, 2025 and 1,117 at december 31, 2024 | 292,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit losses of 1,046 at march 31, 2025 and 1,117 at december 31, 2024 | 290,104,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit losses of 1,117 at december 31, 2024 and 1,085 at december 31, 2023 | 274,031,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit loss of 1,015 at september 30, 2024 and 1,085 at december 31, 2023 | 289,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit loss of 1,019 at june 30, 2024 and 1,085 at december 31, 2023 | 285,944,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 1,093 at march 31, 2024 and 1,085 at december 31, 2023 | 278,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for credit loss of 1,085 at december 31, 2023 and 540 at december 31, 2022 | 267,899,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 690 at september 30, 2023 and 540 at december 31, 2022 | 277,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 701 at june 30, 2023 and 540 at december 31, 2022 | 265,648,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 659 at march 31, 2023 and 540 at december 31, 2022 | 248,244,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 540 at december 31, 2022 and 342 at december 31, 2021 | 232,439,000 | |||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 90,701,000 | 87,066,000 | 83,041,000 | 80,368,000 | 77,950,000 | 75,432,000 | 74,405,000 | 73,664,000 | 72,602,000 | 71,114,000 | 71,018,000 | 70,569,000 | 70,372,000 | 69,568,000 | 69,371,000 | 69,365,000 | 69,803,000 | 69,998,000 | 8,208,000 | 8,275,000 | 7,868,000 | 7,958,000 | 7,988,000 | 7,990,000 | 8,464,000 | 9,188,000 | 9,733,000 | 9,587,000 | 9,719,000 | 9,614,000 | 9,131,000 | 8,618,000 | 7,862,000 | 6,355,000 | 5,167,000 | |||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 384 at september 30, 2022 and 342 at december 31, 2021 | 224,082,000 | |||||||||||||||||||||||||||||||||||||||||||||||
long-term investments, at fair value | 55,119,000 | 7,716,000 | 7,384,000 | 7,061,000 | 6,605,000 | 6,226,000 | 5,808,000 | 5,566,000 | 5,038,000 | 4,462,000 | 4,094,000 | 4,323,000 | 4,102,000 | 3,891,000 | 3,701,000 | 3,554,000 | 3,545,000 | 3,311,000 | 3,238,000 | 3,237,000 | 3,084,000 | 2,829,000 | 2,656,000 | 2,579,000 | 2,500,000 | 2,500,000 | 2,489,000 | 2,388,000 | 2,420,000 | 2,520,000 | ||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 355 at june 30, 2022 and 342 at december 31, 2021 | 204,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 358 at march 31, 2022 and 342 at december 31, 2021 | 189,035,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables, net of allowance for doubtful accounts of 342 and 271 | 165,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables | 157,945,000 | 139,966,000 | 117,884,000 | 99,065,000 | 92,409,000 | 80,724,000 | 65,997,000 | 54,408,000 | 50,144,000 | 43,550,000 | 37,568,000 | 31,565,000 | 31,985,000 | 28,552,000 | 24,317,000 | 20,367,000 | 20,315,000 | 17,098,000 | 13,513,000 | 10,118,000 | 10,286,000 | 9,278,000 | 8,464,000 | 8,196,000 | 8,344,000 | 8,778,000 | 7,786,000 | 7,887,000 | 8,598,000 | 8,095,000 | ||||||||||||||||||
accumulated other comprehensive loss | -506,000 | -407,000 | -545,000 | -753,000 | -334,000 | -411,000 | -297,000 | -92,000 | -51,000 | -245,000 | -372,000 | -377,000 | -265,000 | -194,000 | -211,000 | -3,000 | -45,000 | |||||||||||||||||||||||||||||||
common stock: 0.00001 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.00001 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||
equity method investment | 265,000 | 271,000 | 289,000 | 311,000 | 296,000 | 300,000 | 300,000 | |||||||||||||||||||||||||||||||||||||||||
other long term assets | 2,624,000 | 134,000 | 89,000 | 62,000 | 38,000 | 23,000 | 29,000 | 23,000 | 16,000 | |||||||||||||||||||||||||||||||||||||||
claims reserve | 11,255,000 | 10,820,000 | 10,621,000 | 9,521,000 | 8,362,000 | 7,582,000 | 6,854,000 | 6,274,000 | 6,188,000 | 5,839,000 | 5,185,000 | 5,107,000 | 5,411,000 | 4,393,000 | ||||||||||||||||||||||||||||||||||
accrued liabilities | 3,791,000 | 4,322,000 | 3,489,000 | 3,368,000 | 2,988,000 | 4,189,000 | 4,327,000 | 3,720,000 | 3,560,000 | 4,607,000 | 3,519,000 | 4,372,000 | ||||||||||||||||||||||||||||||||||||
other payables | 1,278,000 | 1,094,000 | 987,000 | 870,000 | 809,000 | 654,000 | 668,000 | 481,000 | 1,083,000 | 1,399,000 | 1,340,000 | 1,313,000 | ||||||||||||||||||||||||||||||||||||
common stock, 0.00001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||
investments in fixed maturities, at fair value | 934,000 | 942,000 | 944,000 | 927,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 2,562,000 | |||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
warrant liabilities | 4,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock: 0.00001 par value per share... | 32,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
special voting shares, 0.00001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 98,306,000 | 100,512,000 | ||||||||||||||||||||||||||||||||||||||||||||||
investments in fixed maturities, at amortized cost | 19,297,000 | 14,072,000 | ||||||||||||||||||||||||||||||||||||||||||||||
contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -39,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ deficit | 48,750,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||
net income | 4,880,000 | 5,630,000 | 5,873,000 | ||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 3,706,000 | 4,032,000 | 4,051,000 | 3,962,000 | 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 | 2,301,000 | 1,666,000 | 1,723,000 | 1,381,000 | 1,274,000 | 1,181,000 | 1,564,000 | 1,613,000 | 1,485,000 | 1,136,000 | 964,000 | 927,000 | 1,024,000 | 1,095,000 | 1,077,000 | 1,036,000 | 1,229,000 | 1,093,000 | 739,000 | 785,000 | 742,000 | 671,000 | 563,000 | 566,000 | 440,000 | 505,000 |
stock-based compensation expense | 9,000,000 | 9,527,000 | 9,499,000 | 9,456,000 | 9,830,000 | 8,294,000 | 8,340,000 | 8,646,000 | 8,152,000 | 7,301,000 | 6,892,000 | 6,637,000 | 12,331,000 | 8,567,000 | 8,643,000 | 8,634,000 | 7,549,000 | 6,808,000 | 6,443,000 | 6,527,000 | 8,448,000 | 2,602,000 | 2,430,000 | 2,227,000 | 1,653,000 | 1,771,000 | 1,845,000 | 1,873,000 | 1,357,000 | 1,222,000 | 1,299,000 | 1,286,000 | 968,000 | 855,000 | 895,000 | 888,000 | 781,000 | 731,000 | 776,000 | 743,000 | 696,000 | 653,000 | 749,000 | 897,000 | 703,000 | 890,000 | 2,001,000 |
other | -213,000 | 933,000 | 213,000 | 602,000 | 349,000 | -1,295,000 | -135,000 | -116,000 | -202,000 | 2,481,000 | -549,000 | -188,000 | -397,000 | 1,023,000 | 102,000 | 5,000 | -79,000 | -996,000 | -386,000 | -315,000 | -230,000 | 35,000 | 16,000 | 29,000 | 73,000 | -38,000 | 46,000 | 100,000 | -3,000 | -3,000 | -275,000 | 15,000 | 23,000 | -626,000 | 187,000 | -41,000 | 97,000 | -172,000 | 179,000 | 30,000 | 9,000 | 2,000 | 22,000 | 3,000 | -116,000 | ||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivables | -3,035,000 | 716,000 | -9,912,000 | -2,050,000 | -15,965,000 | 15,303,000 | -3,794,000 | -7,508,000 | -10,718,000 | 10,153,000 | -12,409,000 | -17,337,000 | -15,847,000 | -8,034,000 | -19,821,000 | -15,312,000 | -23,815,000 | -7,397,000 | -17,977,000 | -21,991,000 | -18,805,000 | -5,204,000 | -11,966,000 | -14,405,000 | -11,697,000 | -4,190,000 | -6,642,000 | -6,046,000 | -5,894,000 | 344,000 | -3,424,000 | -4,242,000 | -3,926,000 | -55,000 | -3,196,000 | -3,596,000 | -3,372,000 | -1,029,000 | |||||||||
prepaid expenses and other assets | 1,954,000 | -626,000 | 44,000 | -380,000 | -204,000 | 817,000 | 101,000 | 2,010,000 | 287,000 | 854,000 | 452,000 | 552,000 | -3,765,000 | -807,000 | -1,599,000 | -761,000 | -2,060,000 | -1,133,000 | 170,000 | -761,000 | -1,331,000 | -860,000 | -1,535,000 | -249,000 | -195,000 | -707,000 | -714,000 | 664,000 | 325,000 | -2,079,000 | 3,519,000 | -3,939,000 | -129,000 | 118,000 | -114,000 | 36,000 | -219,000 | -246,000 | |||||||||
accounts payable, accrued liabilities, and other liabilities | -18,326,000 | 15,012,000 | 10,027,000 | -537,000 | 1,527,000 | 2,434,000 | 1,377,000 | 3,404,000 | -5,131,000 | 5,476,000 | 2,632,000 | -1,316,000 | -5,148,000 | 2,388,000 | 45,000 | 2,509,000 | -1,806,000 | 4,443,000 | 5,225,000 | -907,000 | 35,000 | 3,349,000 | 6,086,000 | -806,000 | 1,322,000 | 1,304,000 | 1,363,000 | 187,000 | 1,256,000 | 682,000 | 1,282,000 | 1,657,000 | 910,000 | 897,000 | 1,209,000 | ||||||||||||
reserve for veterinary invoices | 842,000 | 1,898,000 | 1,538,000 | -1,710,000 | 2,407,000 | -4,841,000 | -3,934,000 | -1,650,000 | -885,000 | 1,788,000 | 5,258,000 | 7,833,000 | 4,606,000 | 4,164,000 | 3,061,000 | -1,785,000 | -1,213,000 | 914,000 | 2,984,000 | 5,691,000 | 1,179,000 | -30,000 | 4,428,000 | 1,439,000 | 1,825,000 | 1,872,000 | 1,042,000 | 1,067,000 | 1,078,000 | 1,956,000 | 191,000 | 550,000 | 743,000 | ||||||||||||||
deferred revenue | 15,786,000 | -8,989,000 | 7,904,000 | 4,052,000 | 15,712,000 | -7,889,000 | 7,534,000 | 3,556,000 | 13,998,000 | -11,412,000 | 10,168,000 | 10,875,000 | 22,936,000 | 106,000 | 17,584,000 | 14,491,000 | 23,972,000 | 6,789,000 | 13,640,000 | 15,632,000 | 18,324,000 | 5,273,000 | 11,239,000 | 13,539,000 | 9,695,000 | 2,610,000 | 5,841,000 | 5,444,000 | 5,523,000 | 332,000 | 2,472,000 | 3,620,000 | 4,041,000 | 92,000 | 2,146,000 | 2,711,000 | 4,218,000 | 319,000 | 795,000 | 608,000 | 676,000 | 469,000 | 561,000 | 420,000 | 329,000 | 54,000 | 520,000 |
net cash from operating activities | 14,594,000 | 29,262,000 | 29,237,000 | 15,025,000 | 15,964,000 | 23,702,000 | 15,295,000 | 6,856,000 | 2,434,000 | 17,507,000 | 11,398,000 | -3,405,000 | -6,862,000 | 1,019,000 | -2,299,000 | -3,130,000 | -3,590,000 | 5,156,000 | 6,224,000 | -2,187,000 | -1,735,000 | 3,964,000 | 9,806,000 | 4,850,000 | 2,924,000 | 4,532,000 | 4,744,000 | 2,922,000 | 3,959,000 | 3,664,000 | 7,405,000 | -466,000 | 2,077,000 | 2,977,000 | 3,008,000 | 1,824,000 | 1,857,000 | 3,438,000 | 1,308,000 | 1,558,000 | -1,298,000 | -657,000 | -872,000 | -3,988,000 | -4,908,000 | -1,101,000 | -3,265,000 |
capital expenditures | -507,000 | -4,365,000 | -5,027,000 | -3,483,000 | -1,125,000 | -1,808,000 | -1,981,000 | -3,022,000 | -2,371,000 | -3,824,000 | -4,978,000 | -4,650,000 | -3,941,000 | -5,992,000 | -3,217,000 | -3,947,000 | -2,608,000 | 192,000 | -2,778,000 | -3,092,000 | -2,130,000 | 248,000 | -933,000 | -1,825,000 | -1,141,000 | 271,000 | -2,229,000 | -406,000 | -737,000 | -1,139,000 | -53,474,000 | -1,905,000 | -312,000 | -1,025,000 | -804,000 | -802,000 | -462,000 | -395,000 | -456,000 | -437,000 | -653,000 | -1,078,000 | -1,172,000 | -1,054,000 | -1,590,000 | -1,620,000 | -1,745,000 |
free cash flows | 14,087,000 | 24,897,000 | 24,210,000 | 11,542,000 | 14,839,000 | 21,894,000 | 13,314,000 | 3,834,000 | 63,000 | 13,683,000 | 6,420,000 | -8,055,000 | -10,803,000 | -4,973,000 | -5,516,000 | -7,077,000 | -6,198,000 | 5,348,000 | 3,446,000 | -5,279,000 | -3,865,000 | 4,212,000 | 8,873,000 | 3,025,000 | 1,783,000 | 4,803,000 | 2,515,000 | 2,516,000 | 3,222,000 | 2,525,000 | -46,069,000 | -2,371,000 | 1,765,000 | 1,952,000 | 2,204,000 | 1,022,000 | 1,395,000 | 3,043,000 | 852,000 | 1,121,000 | -1,951,000 | -1,735,000 | -2,044,000 | -5,042,000 | -6,498,000 | -2,721,000 | -5,010,000 |
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of investment securities | -47,883,000 | -73,010,000 | -41,021,000 | -101,125,000 | -40,875,000 | -26,118,000 | -26,126,000 | -62,056,000 | -19,193,000 | -56,547,000 | -29,458,000 | -45,136,000 | -34,795,000 | -147,346,000 | -78,292,000 | -24,476,000 | -22,892,000 | -33,384,000 | -18,915,000 | -31,216,000 | -12,157,000 | -21,314,000 | -17,422,000 | -14,971,000 | -11,579,000 | -20,014,000 | -13,270,000 | -14,872,000 | -17,350,000 | -13,246,000 | -7,140,000 | -11,216,000 | -5,809,000 | -9,723,000 | -5,172,000 | -15,624,000 | -4,769,000 | -7,264,000 | -3,959,000 | -8,718,000 | -5,016,000 | -7,860,000 | -3,206,000 | ||||
maturities and sales of investment securities | 48,878,000 | 34,782,000 | 43,563,000 | 61,022,000 | 33,242,000 | 45,886,000 | 26,089,000 | 36,673,000 | 19,005,000 | 42,905,000 | 29,713,000 | 43,859,000 | 73,793,000 | 134,718,000 | |||||||||||||||||||||||||||||||||
purchases of property, equipment, and internal-use software | -847,000 | -3,923,000 | -5,302,000 | -2,976,000 | -1,928,000 | -1,858,000 | -1,913,000 | -2,880,000 | -3,065,000 | -3,970,000 | -4,391,000 | -4,735,000 | -5,184,000 | ||||||||||||||||||||||||||||||||||
net cash from investing activities | 113,000 | -42,126,000 | -2,321,000 | -42,467,000 | -8,973,000 | 18,457,000 | -1,460,000 | -27,717,000 | -2,737,000 | -17,447,000 | -3,299,000 | -5,529,000 | 33,914,000 | -30,552,000 | -11,827,000 | -10,886,000 | -14,251,000 | -20,106,000 | -13,171,000 | -14,034,000 | -4,602,000 | -58,168,000 | -9,701,000 | -912,000 | -7,966,000 | -5,217,000 | -9,210,000 | -4,079,000 | -9,502,000 | -16,622,000 | -57,201,000 | -4,796,000 | -2,832,000 | -4,623,000 | -2,635,000 | -1,325,000 | -4,473,000 | -1,417,000 | -2,047,000 | -2,098,000 | -946,000 | -3,305,000 | -3,174,000 | -2,893,000 | -551,000 | -4,697,000 | -6,972,000 |
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt financing | -2,500,000 | -118,725,000 | -188,000 | -15,187,000 | -338,000 | -338,000 | -337,000 | -338,000 | -435,000 | -607,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 260,000 | 287,000 | 80,000 | 303,000 | 1,024,000 | 23,000 | 258,000 | 99,000 | 372,000 | 1,374,000 | 628,000 | 513,000 | 140,000 | 706,000 | 413,000 | 571,000 | 600,000 | 551,000 | 698,000 | 1,120,000 | 1,238,000 | 1,717,000 | 2,629,000 | 1,108,000 | 559,000 | 727,000 | 629,000 | 965,000 | 661,000 | 729,000 | 1,216,000 | 1,175,000 | 481,000 | 463,000 | 435,000 | 1,009,000 | 951,000 | 1,299,000 | 486,000 | 421,000 | 113,000 | 434,000 | 367,000 | 50,000 | 115,000 | ||
shares withheld to satisfy tax withholding | -496,000 | -845,000 | -1,179,000 | -773,000 | -915,000 | -1,129,000 | -802,000 | -343,000 | -245,000 | -240,000 | -272,000 | -171,000 | -853,000 | -579,000 | -850,000 | -632,000 | -2,298,000 | -1,002,000 | -979,000 | -870,000 | -1,881,000 | -459,000 | -215,000 | -120,000 | -321,000 | -57,000 | -1,363,000 | -50,000 | -197,000 | 0 | |||||||||||||||||
net cash from financing activities | -2,736,000 | -5,075,000 | -1,441,000 | -15,887,000 | -459,000 | -1,674,000 | -1,039,000 | -958,000 | -286,000 | 569,000 | 24,840,000 | -93,000 | 33,810,000 | 14,682,000 | -710,000 | -5,994,000 | 52,765,000 | -451,000 | -281,000 | 250,000 | -643,000 | 163,573,000 | 4,892,000 | -1,521,000 | 3,904,000 | 4,670,000 | 2,243,000 | 1,738,000 | 5,393,000 | 5,552,000 | -11,059,000 | 70,971,000 | 5,765,000 | 2,161,000 | 17,000 | 2,008,000 | 895,000 | 1,720,000 | 3,254,000 | 1,225,000 | 1,473,000 | 421,000 | -146,000 | 434,000 | -14,917,000 | -141,000 | 60,049,000 |
effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | -557,000 | 488,000 | -1,037,000 | 1,790,000 | -52,000 | -1,896,000 | 482,000 | -150,000 | -313,000 | 1,254,000 | -906,000 | -184,000 | 260,000 | 505,000 | -1,268,000 | -835,000 | 139,000 | 305,000 | -461,000 | 178,000 | 230,000 | 198,000 | 220,000 | 375,000 | -809,000 | 156,000 | -129,000 | 176,000 | 220,000 | -719,000 | 108,000 | -271,000 | 70,000 | -58,000 | 255,000 | ||||||||||||
net change in cash, cash equivalents, and restricted cash | 11,414,000 | -17,451,000 | 24,438,000 | -41,539,000 | 6,480,000 | 38,589,000 | 13,278,000 | -21,969,000 | -902,000 | 1,883,000 | 32,033,000 | -9,211,000 | 61,122,000 | -14,346,000 | -16,104,000 | -20,845,000 | 35,063,000 | -15,096,000 | -7,689,000 | -15,793,000 | -6,750,000 | 109,567,000 | 5,217,000 | 2,792,000 | -1,947,000 | 4,141,000 | -2,352,000 | 757,000 | 70,000 | -8,125,000 | -60,747,000 | 65,438,000 | 5,080,000 | -1,700,000 | |||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 171,458,000 | 0 | 0 | 0 | 199,530,000 | 0 | 0 | 0 | 170,464,000 | 0 | 0 | 0 | 84,637,000 | 0 | 0 | 0 | 100,869,000 | 0 | 0 | 0 | 146,197,000 | 0 | 0 | 0 | 30,568,000 | 0 | 0 | 0 | 27,952,000 | 0 | 0 | 0 | 26,306,000 | 0 | 0 | 0 | 24,237,000 | ||||||||||
cash, cash equivalents, and restricted cash at end of period | 182,872,000 | -17,451,000 | 24,438,000 | -41,539,000 | 206,010,000 | 38,659,000 | 13,278,000 | -21,969,000 | 169,562,000 | 1,883,000 | 32,033,000 | -9,211,000 | 145,759,000 | -14,346,000 | -16,104,000 | -20,845,000 | 135,932,000 | -15,096,000 | -7,689,000 | -15,793,000 | 139,447,000 | 109,567,000 | 5,217,000 | 2,792,000 | 28,621,000 | 4,141,000 | -2,352,000 | 757,000 | 28,022,000 | -8,125,000 | -60,747,000 | 65,438,000 | 31,386,000 | 457,000 | 645,000 | 2,667,000 | 22,537,000 | ||||||||||
supplemental disclosures | |||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, equipment, and internal-use software included in accounts payable and accrued liabilities | 340,000 | -442,000 | 275,000 | -507,000 | 803,000 | 50,000 | -68,000 | -142,000 | 694,000 | 146,000 | -587,000 | 85,000 | 1,243,000 | ||||||||||||||||||||||||||||||||||
realized gain on nonmonetary exchange of preferred stock investment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt financing, net of financing fees | 0 | 24,972,000 | 0 | 35,130,000 | 14,826,000 | -119,000 | -32,000 | 54,463,000 | 3,744,000 | 4,000,000 | 3,000,000 | 967,000 | 5,200,000 | 4,242,000 | -61,000 | 3,750,000 | 5,500,000 | 1,980,000 | 961,000 | ||||||||||||||||||||||||||||
interest paid | 61,000 | 64,000 | 44,000 | -16,000 | -310,000 | -104,000 | 508,000 | -249,000 | -2,866,000 | 915,000 | |||||||||||||||||||||||||||||||||||||
right-of-use asset obtained in exchange for lease liability | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of intellectual property in exchange for preferred stock investment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net loss | -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 | -12,448,000 | -3,502,000 | -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 | ||||||||
adjustments to reconcile net loss to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid in business acquisition, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 7,000 | 8,000 | -256,000 | 0 | 215,000 | -98,000 | -18,000 | 0 | |||||||||||||||||||||||||||||||||||||||
repayments of debt financing | -338,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid in business acquisitions, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -5,478,000 | -4,131,000 | -3,926,000 | -3,553,000 | -1,080,000 | -53,486,000 | -1,378,000 | -992,000 | -884,000 | -983,000 | -802,000 | -462,000 | -395,000 | -456,000 | -437,000 | -653,000 | -1,078,000 | -1,172,000 | -1,054,000 | -1,590,000 | -1,620,000 | -1,745,000 | |||||||||||||||||||||||||
issuance of common stock, net of offering costs | |||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable and accrued liabilities | -514,000 | 914,000 | -21,000 | 945,000 | 192,000 | -11,000 | -205,000 | 753,000 | 248,000 | 340,000 | -82,000 | 355,000 | 271,000 | -423,000 | 496,000 | 141,000 | -59,000 | 12,000 | -527,000 | 680,000 | -141,000 | 179,000 | |||||||||||||||||||||||||
acquisition-related contingent consideration recorded as a liability | |||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | -150,000 | ||||||||||||||||||||||||||||||||||||||||||||||
maturities of investment securities | 19,013,000 | 12,199,000 | 18,803,000 | 8,486,000 | 20,102,000 | 10,478,000 | 14,249,000 | 9,013,000 | 15,704,000 | 5,100,000 | 21,538,000 | 6,329,000 | 11,690,000 | 10,205,000 | 9,715,000 | 5,300,000 | 7,494,000 | 4,166,000 | 7,841,000 | 3,871,000 | 14,670,000 | 3,239,000 | 5,638,000 | 3,700,000 | 6,600,000 | 3,314,000 | 6,021,000 | 4,245,000 | |||||||||||||||||||
purchases of other investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for cashless exercise of warrants | 0 | 0 | 0 | 4,500,000 | 0 | 0 | 0 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||
purchases of property, equipment and intangible assets | -2,767,000 | -2,887,000 | -2,883,000 | -1,273,000 | -1,743,000 | -1,496,000 | -1,806,000 | -902,000 | -878,000 | ||||||||||||||||||||||||||||||||||||||
borrowings from line of credit, net of financing fees | 2,478,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repayments to line of credit | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of lease intangibles, related to corporate real estate acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
other financing | 0 | -23,000 | -144,000 | -271,000 | 900,000 | -179,000 | -140,000 | -216,000 | |||||||||||||||||||||||||||||||||||||||
issuance of common stock for acquisition of corporate real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity method investment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity method investment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from public offering of common stock, net of offering costs | -19,000 | -196,000 | |||||||||||||||||||||||||||||||||||||||||||||
property and equipment acquired under financing leases | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
property and equipment acquired under capital lease | 0 | 623,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed maturity investment securities | |||||||||||||||||||||||||||||||||||||||||||||||
maturities of fixed maturity investment securities | |||||||||||||||||||||||||||||||||||||||||||||||
property and equipment acquired under lease | |||||||||||||||||||||||||||||||||||||||||||||||
other investments | -17,000 | -9,000 | -43,000 | -2,710,000 | |||||||||||||||||||||||||||||||||||||||||||
taxes paid related to net share settlement of equity awards | |||||||||||||||||||||||||||||||||||||||||||||||
cashless exercise of common stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||
claims reserve | 380,000 | 166,000 | 1,093,000 | 1,183,000 | 799,000 | 723,000 | 521,000 | 114,000 | 413,000 | 638,000 | 76,000 | -304,000 | 1,018,000 | ||||||||||||||||||||||||||||||||||
payments on financing obligations | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 645,000 | ||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligation | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 64,000 | 683,000 | 429,000 | -260,000 | -200,000 | -18,000 | 223,000 | -165,000 | -387,000 | 298,000 | 76,000 | ||||||||||||||||||||||||||||||||||||
accrued liabilities | -598,000 | 875,000 | 450,000 | 117,000 | -1,267,000 | -2,000 | 670,000 | 119,000 | -736,000 | 949,000 | 30,000 | ||||||||||||||||||||||||||||||||||||
other payables | 239,000 | 231,000 | -301,000 | 272,000 | 135,000 | 229,000 | 526,000 | -612,000 | -330,000 | 58,000 | -576,000 | ||||||||||||||||||||||||||||||||||||
proceeds from stock option exercises | 1,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(repayment of) proceeds from debt financing and debt financing fees | -40,000 | ||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligations | -102,000 | -94,000 | |||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rates on cash | 21,000 | -130,000 | -96,000 | -4,000 | 341,000 | -191,000 | -277,000 | 110,000 | -228,000 | -32,000 | -31,000 | ||||||||||||||||||||||||||||||||||||
increase in payables for property and equipment | 93,000 | 23,000 | 6,000 | 17,000 | 58,000 | -212,000 | -39,000 | 716,000 | -367,000 | 423,000 | -30,000 | ||||||||||||||||||||||||||||||||||||
property and equipment acquired under capital leases | 45,000 | 289,000 | |||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and prepaid loan fees | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||
warrant income | |||||||||||||||||||||||||||||||||||||||||||||||
accounts and other receivable | |||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 153,000 | -37,000 | -488,000 | -228,000 | -152,000 | 87,000 | -335,000 | ||||||||||||||||||||||||||||||||||||||||
equity method investment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
tax withholding on restricted stock | 0 | 0 | -259,000 | 0 | -384,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayment of) debt financing | 1,000,000 | 3,002,000 | -1,000 | 987,000 | |||||||||||||||||||||||||||||||||||||||||||
other financing costs | |||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from ipo | |||||||||||||||||||||||||||||||||||||||||||||||
warrants issued in conjunction with debt issuance | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cashless exercise of preferred stock warrants | 0 | 271,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock warrant reclassification to equity | |||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 2,419,000 | 681,000 | -430,000 | -3,732,000 | -4,469,000 | -6,337,000 | -20,604,000 | -5,971,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 17,956,000 | 0 | 0 | 0 | 53,098,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 2,419,000 | 681,000 | 17,526,000 | -3,732,000 | -4,469,000 | -6,337,000 | 32,494,000 | -5,971,000 | 49,781,000 | ||||||||||||||||||||||||||||||||||||||
payments of capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||
accounts receivables | -234,000 | ||||||||||||||||||||||||||||||||||||||||||||||
warrant expense | 0 | -2,054,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -998,000 | 75,000 | 702,000 | -508,000 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash | 0 | 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||
exchange of stock for equity method investment | |||||||||||||||||||||||||||||||||||||||||||||||
release of restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt financing and loan fees | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from line of credit | |||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from initial public offering | |||||||||||||||||||||||||||||||||||||||||||||||
increase in payables for deferred financing costs | -1,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||
advance on term loan | |||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | |||||||||||||||||||||||||||||||||||||||||||||||
payment on line of credit | 0 | -14,900,000 | |||||||||||||||||||||||||||||||||||||||||||||
settlement of forward contract | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from line of credit and debt financing | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of prepaid loan fee | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | 4,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of equipment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investment | |||||||||||||||||||||||||||||||||||||||||||||||
net amortization on bonds | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of investment securities, held-to-maturity | -10,189,000 | ||||||||||||||||||||||||||||||||||||||||||||||
maturities of investment securities, held-to-maturity | 4,962,000 | ||||||||||||||||||||||||||||||||||||||||||||||
payment of loan fee | |||||||||||||||||||||||||||||||||||||||||||||||
(repayments of) proceeds from line of credit | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||
exchange of stock and intangible asset for equity method investment |

