Loading...
•
Mar 31, 2024
Trupanion Q1 2024 Earnings Report
Trupanion reported a solid start to the year with performance across key financial metrics as expected.
Key Takeaways
Trupanion's total revenue was $306.1 million, a 19% increase compared to Q1 2023. Subscription revenue increased by 22% year-over-year. The company is prioritizing cash flow generation, with discretionary profit from the core subscription business increasing 55% and acquisition spend decreasing 23% year-over-year.
Total revenue increased by 19% year-over-year, reaching $306.1 million.
Subscription business revenue grew by 22% compared to Q1 2023, totaling $201.1 million.
Net loss improved to $(6.9) million, or $(0.16) per share, compared to $(24.8) million, or $(0.60) per share, in Q1 2023.
Free cash flow improved to $(0.6) million, compared to $(12.0) million in Q1 2023.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...