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Jun 30, 2021
Trupanion Q2 2021 Earnings Report
Trupanion's Q2 2021 financial results were announced, revealing a 43% increase in total revenue compared to Q2 2020.
Key Takeaways
Trupanion reported a strong Q2 2021 with a 43% increase in total revenue, driven by a 60% year-over-year growth in net pet additions and strong retention rates. However, the company experienced a net loss of $9.2 million, impacted by increased stock-based compensation, depreciation, and acquisition spend.
Total revenue increased by 43% to $168.3 million compared to the second quarter of 2020.
Total enrolled pets reached 1,024,226, a 38% increase over the second quarter of 2020.
Subscription business revenue grew by 30% to $120.4 million compared to the second quarter of 2020.
Net loss was $(9.2) million, or $(0.23) per basic and diluted share, compared to net income of $1.4 million, or $0.04 per basic and diluted share, in the second quarter of 2020.
Forward Guidance
The press release contains forward-looking statements regarding the company's expectations, plans, and prospects, which are subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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