Trupanion reported a strong second quarter with a 16% increase in total revenue to $314.8 million. The company generated $4.0 million in free cash flow and saw a significant increase in discretionary profit from its core subscription business.
Total revenue increased by 16% to $314.8 million compared to Q2 2023.
Subscription business revenue grew by 20% to $208.6 million compared to Q2 2023.
Net loss improved to $(5.9) million, or $(0.14) per share, compared to $(13.7) million, or $(0.33) per share, in Q2 2023.
Free cash flow was $4.0 million, a significant improvement from $(8.1) million in Q2 2023.
Trupanion's management expects to continue growing enrollments and revenue, and otherwise execute its business plan.
Visualization of income flow from segment revenue to net income
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