Loading...
•
Jun 30, 2023
Trupanion Q2 2023 Earnings Report
Experienced margin expansion and disciplined capital deployment, resulting in sequential improvement in free cash flow.
Key Takeaways
Trupanion reported a 23% increase in total revenue, reaching $270.6 million, and saw early signs of margin expansion. The company is progressing toward its goal of being free cash flow positive in Q4 2023, with sequential improvement in free cash flow during the quarter.
Total revenue increased by 23% to $270.6 million compared to Q2 2022.
Total enrolled pets reached 1,679,659, a 25% increase over Q2 2022.
Subscription business revenue grew by 19% to $173.3 million compared to Q2 2022.
Free cash flow improved sequentially from the first quarter of 2023.
Forward Guidance
Trupanion's management expects to continue growing enrollments and revenue, and to continue executing its business plan.
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...