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.
Trupanion's management expects to continue growing enrollments and revenue, and to continue executing its business plan.
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