Trupanion's Q3 2024 shows strong financial performance, with a 15% increase in total revenue to $327.5 million and a 66% year-over-year increase in subscription discretionary profit. Net income was $1.4 million, a significant improvement from the previous year's net loss. Free cash flow was $13.4 million for the quarter.
Total revenue increased by 15% to $327.5 million compared to Q3 2023.
Subscription business revenue grew by 20% to $219.0 million compared to Q3 2023.
Net income reached $1.4 million, or $0.03 per share, a turnaround from a net loss of $(4.0) million, or $(0.10) per share, in Q3 2023.
Free cash flow was $13.4 million, compared to $7.0 million in Q3 2023.
No specific forward guidance was provided in the press release.
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