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Mar 31, 2022
Trupanion Q1 2022 Earnings Report
Trupanion experienced solid growth driven by record pet additions and strong retention in the subscription business.
Key Takeaways
Trupanion's Q1 2022 total revenue increased by 33% compared to Q1 2021. The company reported a net loss of $(8.9) million, or $(0.22) per share, improved from a net loss of $(12.4) million, or $(0.31) per share, in Q1 2021. Adjusted EBITDA was $1.2 million, compared to adjusted EBITDA of $(1.1) million in the first quarter of 2021.
Total revenue was $206.0 million, an increase of 33% compared to the first quarter of 2021.
Total enrolled pets was 1,267,253 at March 31, 2022, an increase of 34% over the first quarter of 2021.
Subscription business revenue was $139.8 million, an increase of 23% compared to the first quarter of 2021.
Net loss was $(8.9) million, or $(0.22) per basic and diluted share, compared to net loss of $(12.4) million, or $(0.31) per basic and diluted share, in the first quarter of 2021.
Forward Guidance
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for Trupanion, including, but not limited to, its expectations regarding its ability to continue to grow its enrollments and revenue, implement its alliance with Aflac and otherwise execute its business plan.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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