Trupanion (TRUP) Financials

$48.15 +0.21 (+0.44%)

Closing price 05/29/2025 04:00 PM Eastern

Extended Trading

$45.10 -3.05 (-6.33%)

As of 05/29/2025 07:26 PM Eastern

Annual Income Statements for Trupanion

This table shows Trupanion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-9.63	-45	-45	-36	-5.84	-1.81	-0.93	-1.50	-6.90	-17	-21
Consolidated Net Income / (Loss)	-9.63	-45	-45	-36	-5.84	-1.81	-0.93	-1.50	-6.90	-17	-21
Net Income / (Loss) Continuing Operations	-9.63	-45	-45	-36	-5.84	-1.81	-0.93	-1.50	-6.90	-17	-21
Total Pre-Tax Income	-9.64	-45	-44	-35	-5.73	-1.64	-0.93	-1.93	-6.86	-17	-21
Total Operating Income	-9.51	-41	-43	-35	-4.80	-1.92	-1.05	-2.64	-6.70	-17	-16
Total Gross Profit	179	131	122	104	82	65	51	43	33	25	20
Total Revenue	1,286	1,109	905	699	502	384	304	243	188	147	116
Total Cost of Revenue	1,107	978	783	595	420	319	253	200	155	122	96
Operating Cost of Revenue	1,107	978	783	595	420	319	253	200	134	103	80
Total Operating Expenses	188	171	165	140	87	67	52	46	40	42	36
Selling, General & Admin Expense	64	60	39	32	22	18	17	17	15	16	14
Marketing Expense	71	77	90	79	48	35	25	19	15	15	12
Research & Development Expense	31	21	25	17	9.95	7.03	5.80	9.77	9.53	11	9.90
Depreciation Expense	16	12	11	12	7.07	5.63	4.51	-	-	-	-
Other Operating Expenses / (Income)	0.18	0.22	0.25	0.17	-	0.35	0.00	0.00	-	-	-
Impairment Charge	5.30	0.00	0.00	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-0.12	-4.38	-1.20	-0.01	-0.93	0.28	0.11	0.71	-0.16	-0.32	-5.24
Interest Expense	14	12	4.27	0.01	1.38	1.35	1.20	0.53	0.22	0.33	6.73
Other Income / (Expense), net	14	7.70	3.07	0.00	0.58	1.63	1.31	1.24	0.06	0.01	1.49
Income Tax Expense	-0.01	-0.34	0.48	0.31	0.11	0.17	-0.01	-0.43	0.04	0.11	-0.01
Basic Earnings per Share	($0.23)	($1.08)	($1.10)	($0.89)	($0.16)	($0.05)	($0.03)	($0.05)	($0.24)	($0.62)	($1.64)
Weighted Average Basic Shares Outstanding	42.16M	41.44M	40.77M	40.14M	35.86M	34.65M	31.96M	29.59M	28.53M	27.64M	12.93M
Diluted Earnings per Share	($0.23)	($1.08)	($1.10)	($0.89)	($0.16)	($0.05)	$0.00	$0.00	$0.00	($0.62)	($1.64)
Weighted Average Diluted Shares Outstanding	42.16M	41.44M	40.77M	40.14M	35.86M	34.65M	0.00	0.00	0.00	27.64M	12.93M
Weighted Average Basic & Diluted Shares Outstanding	42.49M	83.63M	82.04M	40.14M	35.86M	34.65M	31.96M	29.59M	28.53M	27.64M	12.93M

This table shows Trupanion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.48	1.66	1.43	-5.86	-6.85	-2.16	-4.04	-14	-25	-9.29	-13
Consolidated Net Income / (Loss)	-1.48	1.66	1.43	-5.86	-6.85	-2.16	-4.04	-14	-25	-9.29	-13
Net Income / (Loss) Continuing Operations	-1.48	1.66	1.43	-5.86	-6.85	-2.16	-4.04	-14	-25	-9.29	-13
Total Pre-Tax Income	-1.44	1.69	1.46	-5.91	-6.89	-2.03	-4.08	-14	-25	-9.30	-12
Total Operating Income	-1.47	0.35	1.75	-5.47	-6.14	0.41	-3.49	-13	-24	-9.22	-12
Total Gross Profit	51	53	49	40	36	40	35	29	26	34	30
Total Revenue	342	337	327	315	306	296	286	271	256	246	234
Total Cost of Revenue	291	284	278	275	270	256	251	241	230	212	204
Operating Cost of Revenue	291	284	278	275	270	256	251	241	230	212	204
Total Operating Expenses	53	53	48	46	42	39	39	42	51	43	42
Selling, General & Admin Expense	20	17	17	15	15	13	13	13	21	10	10
Marketing Expense	21	18	18	18	17	17	18	21	22	22	22
Research & Development Expense	8.07	8.17	7.93	8.19	6.96	5.97	5.30	5.23	4.90	6.96	6.55
Depreciation Expense	3.79	3.92	4.38	4.38	3.79	3.03	2.99	3.25	3.20	2.90	2.60
Other Operating Expenses / (Income)	0.31	-0.00	0.03	0.05	0.10	0.08	-0.00	0.07	0.07	0.09	0.06
Total Other Income / (Expense), net	0.03	1.35	-0.28	-0.44	-0.75	-2.44	-0.59	-0.86	-0.49	-0.08	-0.52
Interest Expense	3.21	3.43	3.82	3.66	3.60	3.70	3.05	2.94	2.39	1.59	1.41
Other Income / (Expense), net	3.24	4.77	3.54	3.22	2.84	1.26	2.47	2.08	1.90	1.50	0.89
Income Tax Expense	0.04	0.04	0.04	-0.04	-0.04	0.13	-0.04	-0.24	-0.19	-0.02	0.50
Basic Earnings per Share	($0.03)	$0.04	$0.03	($0.14)	($0.16)	($0.05)	($0.10)	($0.33)	($0.60)	($0.23)	($0.32)
Weighted Average Basic Shares Outstanding	42.78M	42.16M	42.23M	42.08M	41.92M	41.44M	41.54M	41.38M	41.11M	40.77M	40.80M
Diluted Earnings per Share	($0.03)	$0.04	$0.03	($0.14)	($0.16)	($0.05)	($0.10)	($0.33)	($0.60)	($0.23)	($0.32)
Weighted Average Diluted Shares Outstanding	42.78M	42.16M	42.82M	42.08M	41.92M	41.44M	41.54M	41.38M	41.11M	40.77M	40.80M
Weighted Average Basic & Diluted Shares Outstanding	42.78M	42.49M	42.34M	42.16M	42.02M	83.63M	41.55M	41.37M	41.23M	82.04M	40.88M

This table details how cash moves in and out of Trupanion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	29	86	-16	-45	116	2.62	1.65	2.07	6.28	-35	35
Net Cash From Operating Activities	48	19	-8.00	7.46	22	16	-13	9.67	5.01	-10	-11
Net Cash From Continuing Operating Activities	48	19	-8.00	7.46	22	16	13	9.67	4.80	-10	-11
Net Income / (Loss) Continuing Operations	-9.63	-45	-45	-36	-5.84	-1.81	-0.93	-1.50	-6.90	-17	-21
Consolidated Net Income / (Loss)	-9.63	-45	-45	-36	-5.84	-1.81	-0.93	-1.50	-6.90	-17	-21
Depreciation Expense	16	12	11	12	7.07	5.63	4.51	4.23	3.85	2.54	1.67
Non-Cash Adjustments To Reconcile Net Income	37	35	34	26	9.07	6.95	4.54	2.00	2.84	3.07	2.45
Changes in Operating Assets and Liabilities, net	4.47	16	-8.69	4.72	11	5.38	4.56	4.94	5.01	1.30	1.10
Net Cash From Investing Activities	-13	7.64	-68	-52	-77	-28	-81	-13	-6.51	-9.92	-12
Net Cash From Continuing Investing Activities	-13	7.64	-68	-52	-77	-28	-81	-13	-6.51	-9.92	-12
Purchase of Property, Plant & Equipment	-9.72	-18	-17	-12	-7.45	-5.37	-57	-3.13	-1.94	-4.89	-5.63
Acquisitions	0.00	0.00	-15	0.00	-48	0.00	-2.96	0.00	0.00	-	0.00
Purchase of Investments	-133	-166	-273	-96	-65	-70	-56	-32	-32	-25	-35
Sale and/or Maturity of Investments	128	190	239	58	44	50	35	23	27	20	29
Other Investing Activities, net	2.10	1.59	-1.60	-1.76	0.06	-2.89	-1.11	-2.78	-0.20	-	-
Net Cash From Financing Activities	-3.96	59	61	-1.13	171	14	71	5.08	7.67	-14	58
Net Cash From Continuing Financing Activities	-3.96	59	61	-1.13	171	14	71	5.08	7.67	-14	58
Repayment of Debt	-2.19	-2.10	-0.57	0.00	-33	-0.44	-9.64	-0.69	-0.40	0.00	-0.10
Repurchase of Common Equity	0.00	0.00	-5.76	0.00	0.00	-	-	-	-	-	-
Issuance of Debt	0.00	60	69	0.00	6.21	13	13	4.40	4.99	-15	-15
Other Financing Activities, net	-1.77	1.12	-2.07	-1.13	4.90	1.32	1.76	1.38	3.08	0.69	0.21
Effect of Exchange Rate Changes	-1.88	0.42	-1.46	0.25	-0.02	0.42	-0.81	0.38	0.11	-0.59	0.02
Cash Interest Paid	13	12	3.35	0.02	1.36	1.19	1.02	0.33	0.15	0.16	1.49
Cash Income Taxes Paid	0.55	0.61	2.50	0.28	0.03	0.16	0.22	0.18	0.02	0.14	0.01

This table details how cash moves in and out of Trupanion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	6.48	39	13	-22	-0.90	1.88	32	-9.21	61	-14	-16
Net Cash From Operating Activities	16	24	15	6.86	2.43	18	11	-3.41	-6.86	1.02	-2.30
Net Cash From Continuing Operating Activities	16	24	15	6.86	2.43	18	11	-3.41	-6.86	1.02	-2.30
Net Income / (Loss) Continuing Operations	-1.48	1.66	1.43	-5.86	-6.85	-2.16	-4.04	-14	-25	-9.29	-13
Consolidated Net Income / (Loss)	-1.48	1.66	1.43	-5.86	-6.85	-2.16	-4.04	-14	-25	-9.29	-13
Depreciation Expense	3.79	3.92	4.38	4.38	3.79	3.03	2.99	3.25	3.20	2.90	2.60
Non-Cash Adjustments To Reconcile Net Income	10	12	8.21	8.53	7.95	9.78	6.34	6.45	12	9.59	8.75
Changes in Operating Assets and Liabilities, net	3.48	5.82	1.28	-0.19	-2.45	6.86	6.10	0.61	2.78	-2.18	-0.73
Net Cash From Investing Activities	-8.97	18	-1.46	-28	-2.74	-17	-3.30	-5.53	34	-31	-12
Net Cash From Continuing Investing Activities	-8.97	18	-1.46	-28	-2.74	-17	-3.30	-5.53	34	-31	-12
Purchase of Property, Plant & Equipment	-1.93	-1.86	-1.91	-2.88	-3.07	-3.97	-4.39	-4.74	-5.18	-5.48	-4.13
Purchase of Investments	-41	-26	-26	-62	-19	-57	-29	-45	-35	-147	-78
Sale and/or Maturity of Investments	33	46	26	37	19	43	30	44	74	135	73
Other Investing Activities, net	0.59	0.55	0.49	0.55	0.52	0.17	0.84	0.48	0.10	-0.17	0.07
Net Cash From Financing Activities	-0.46	-1.67	-1.04	-0.96	-0.29	0.57	25	-0.09	34	15	-0.71
Net Cash From Continuing Financing Activities	-0.46	-1.67	-1.04	-0.96	-0.29	0.27	25	-0.09	34	15	-0.71
Repayment of Debt	-0.57	-0.57	-0.50	-0.71	-0.41	-0.87	-0.19	-0.44	-0.61	-0.27	-0.15
Other Financing Activities, net	0.11	-1.11	-0.54	-0.24	0.13	1.13	0.36	0.34	-0.71	0.13	-0.44
Effect of Exchange Rate Changes	-0.05	-1.90	0.48	-0.15	-0.31	1.25	-0.91	-0.18	0.26	0.51	-1.27

This table presents Trupanion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	807	783	672	563	498	257	208	106	82	71	98
Total Current Assets	597	562	469	391	337	159	118	87	65	54	85
Cash & Equivalents	160	148	66	87	140	29	27	26	24	18	53
Short-Term Investments	147	130	157	126	90	70	55	38	30	25	22
Accounts Receivable	274	268	232	165	99	54	32	20	10	8.20	7.89
Prepaid Expenses	16	17	14	12	8.22	5.51	5.30	2.90	2.06	2.19	1.30
Plant, Property, & Equipment, net	102	104	91	78	73	70	70	7.87	8.46	9.72	7.86
Total Noncurrent Assets	107	117	112	94	89	28	20	11	8.49	7.57	5.79
Long-Term Investments	0.37	13	7.84	7.06	5.57	4.32	3.55	3.24	2.85	2.69	0.94
Goodwill	37	44	42	33	33	0.00	-	-	-	-	-
Intangible Assets	13	19	24	23	27	7.73	8.07	4.97	4.91	4.85	4.85
Other Noncurrent Operating Assets	57	42	38	31	23	16	8.11	3.22	0.73	0.02	0.00
Total Liabilities & Shareholders' Equity	807	783	672	563	498	257	208	106	82	71	98
Total Liabilities	484	479	366	230	158	120	78	57	38	26	39
Total Current Liabilities	350	344	290	224	150	92	63	46	30	24	23
Short-Term Debt	1.35	1.35	1.10	-	-	-	-	-	-	-	-
Accounts Payable	12	11	9.47	8.95	6.06	4.09	2.77	2.72	2.01	1.29	1.96
Accrued Expenses	33	34	33	28	23	14	11	7.66	5.42	4.19	4.61
Current Deferred Revenue	252	235	203	147	93	53	33	23	13	11	9.35
Other Current Liabilities	52	63	44	40	29	21	16	13	9.52	6.93	6.51
Total Noncurrent Liabilities	134	135	77	6.69	7.91	29	15	12	7.22	1.94	16
Long-Term Debt	128	128	68	-	-	26	13	9.32	4.77	0.00	15
Noncurrent Deferred & Payable Income Tax Liabilities	1.95	2.69	3.39	2.83	4.71	1.12	1.00	1.00	1.62	1.43	1.50
Other Noncurrent Operating Liabilities	4.48	4.49	4.97	3.86	3.21	1.61	1.27	1.23	0.83	0.51	0.09
Total Equity & Noncontrolling Interests	323	304	305	332	340	137	129	48	45	45	59
Total Preferred & Common Equity	323	304	305	332	340	137	129	48	45	45	59
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	323	304	305	332	340	137	129	48	45	45	59
Common Stock	568	536	500	467	439	233	220	135	130	123	119
Retained Earnings	-226	-216	-172	-127	-91	-86	-84	-83	-81	-74	-57
Treasury Stock	-17	-17	-17	-11	-11	-11	-6.20	-3.20	-3.20	-2.60	-2.60
Accumulated Other Comprehensive Income / (Loss)	-2.61	0.40	-6.30	3.08	3.07	0.25	-0.75	-0.09	-0.38	-0.50	0.01

This table presents Trupanion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	837	816	796	789	772	730	718	648
Total Current Assets	628	600	579	571	561	521	510	422
Cash & Equivalents	166	137	124	146	150	118	127	86
Short-Term Investments	156	156	153	129	116	118	118	97
Accounts Receivable	290	290	286	278	278	266	248	224
Prepaid Expenses	16	17	16	17	17	19	17	15
Plant, Property, & Equipment, net	102	103	104	104	101	98	94	87
Total Noncurrent Assets	107	114	113	114	110	112	113	139
Long-Term Investments	0.38	14	14	13	11	9.82	8.44	55
Goodwill	38	45	43	43	42	44	43	30
Intangible Assets	12	15	16	17	20	22	23	19
Other Noncurrent Operating Assets	56	39	40	41	37	36	39	35
Total Liabilities & Shareholders' Equity	837	816	796	789	772	730	718	648
Total Liabilities	503	496	490	486	483	441	423	342
Total Current Liabilities	369	362	356	352	348	331	312	281
Short-Term Debt	1.35	1.35	1.35	1.35	1.35	1.10	1.26	0.60
Accounts Payable	9.68	10	6.63	8.35	8.97	6.92	7.38	7.63
Accrued Expenses	37	33	35	30	29	30	30	31
Current Deferred Revenue	267	260	253	249	247	237	226	203
Other Current Liabilities	54	57	61	62	61	56	48	40
Total Noncurrent Liabilities	134	134	134	135	135	111	111	61
Long-Term Debt	128	128	128	127	128	103	103	54
Noncurrent Deferred & Payable Income Tax Liabilities	1.88	2.17	2.24	2.40	2.58	2.94	3.13	2.60
Other Noncurrent Operating Liabilities	4.74	4.38	4.50	4.63	4.82	4.90	5.02	4.61
Total Equity & Noncontrolling Interests	334	320	306	303	289	289	295	306
Total Preferred & Common Equity	334	320	306	303	289	289	295	306
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Common Equity	334	320	306	303	289	289	295	306
Common Stock	578	561	553	545	527	519	512	491
Retained Earnings	-227	-228	-229	-223	-214	-210	-196	-162
Treasury Stock	-17	-17	-17	-17	-17	-17	-17	-17
Accumulated Other Comprehensive Income / (Loss)	-0.72	3.24	-1.77	-1.58	-7.11	-4.10	-4.26	-6.02

This table displays calculated financial ratios and metrics derived from Trupanion's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.97%	22.47%	29.50%	39.23%	30.76%	26.31%	25.26%	28.92%	28.08%	26.79%	38.27%
EBITDA Growth	204.11%	29.39%	-24.87%	-914.84%	-46.62%	11.83%	68.53%	201.43%	80.36%	-83.51%	-15.81%
EBIT Growth	114.75%	17.46%	-13.45%	-734.03%	-1,350.17%	-210.23%	118.88%	78.95%	60.40%	-15.96%	-88.80%
NOPAT Growth	76.60%	5.45%	-22.18%	-633.10%	-150.05%	-83.73%	60.45%	60.56%	60.07%	-5.21%	-128.21%
Net Income Growth	78.45%	-0.05%	-25.73%	-508.39%	-222.83%	-95.15%	38.32%	78.20%	59.92%	18.76%	-159.05%
EPS Growth	78.70%	1.82%	-23.60%	-456.25%	-220.00%	0.00%	0.00%	0.00%	100.00%	62.20%	73.68%
Operating Cash Flow Growth	159.08%	332.98%	-207.27%	-65.38%	33.34%	227.42%	-231.18%	93.09%	148.02%	3.48%	-955.82%
Free Cash Flow Firm Growth	68.24%	57.73%	-98.16%	34.40%	-1,244.75%	94.62%	-19,174.87%	-73.24%	109.78%	16.03%	-844.39%
Invested Capital Growth	1.25%	-1.31%	29.34%	6.78%	75.49%	3.93%	753.79%	-33.46%	-1,041.49%	74.24%	68.22%
Revenue Q/Q Growth	3.33%	4.71%	6.05%	7.99%	8.00%	6.33%	5.59%	6.68%	6.29%	6.01%	0.00%
EBITDA Q/Q Growth	25.64%	31.70%	-5.84%	-12.17%	-52.38%	20.73%	53.18%	10.66%	39.38%	9.82%	0.00%
EBIT Q/Q Growth	246.40%	22.15%	-4.52%	-9.28%	-7,303.51%	79.49%	128.30%	25.48%	16.67%	6.92%	0.00%
NOPAT Q/Q Growth	-0.63%	19.14%	-8.73%	-8.38%	-326.76%	30.21%	47.98%	15.70%	16.53%	6.56%	0.00%
Net Income Q/Q Growth	28.39%	13.75%	-5.29%	-11.07%	-243.13%	33.49%	37.79%	37.06%	15.63%	6.90%	0.00%
EPS Q/Q Growth	28.13%	14.29%	-4.76%	-9.88%	-433.33%	0.00%	0.00%	-100.00%	100.00%	-116.67%	0.00%
Operating Cash Flow Q/Q Growth	14.72%	766.88%	-107.09%	19.02%	-2.57%	102.95%	-272.78%	8,505.22%	123.00%	-220.28%	-11.85%
Free Cash Flow Firm Q/Q Growth	-14.61%	51.17%	-37.66%	58.89%	-1,840.27%	-242.04%	-0.50%	-83.63%	153.67%	0.00%	0.00%
Invested Capital Q/Q Growth	1.83%	1.11%	18.61%	7.59%	111.82%	12.57%	-0.09%	-13.77%	-94.70%	-185.15%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.91%	11.82%	13.50%	14.93%	16.31%	16.91%	16.90%	17.74%	17.68%	17.17%	17.15%
EBITDA Margin	1.66%	-1.85%	-3.20%	-3.32%	0.57%	1.39%	1.57%	1.17%	-1.48%	-9.68%	-6.69%
Operating Margin	-0.74%	-3.67%	-4.75%	-5.04%	-0.96%	-0.50%	-0.34%	-1.09%	-3.56%	-11.41%	-13.76%
EBIT Margin	0.38%	-2.97%	-4.41%	-5.04%	-0.84%	-0.08%	0.09%	-0.58%	-3.53%	-11.41%	-12.47%
Profit (Net Income) Margin	-0.75%	-4.03%	-4.94%	-5.08%	-1.16%	-0.47%	-0.31%	-0.62%	-3.66%	-11.71%	-18.27%
Tax Burden Percent	99.95%	99.24%	101.08%	100.88%	101.97%	110.30%	99.25%	77.84%	100.55%	100.67%	99.97%
Interest Burden Percent	-198.31%	136.64%	110.69%	100.07%	135.71%	563.57%	-353.79%	138.13%	103.28%	101.94%	146.52%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.64%	-19.83%	-23.50%	-22.77%	-4.09%	-2.30%	-3.01%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.89%	-9.74%	-15.85%	-17.99%	-2.51%	-1.67%	-2.71%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1.57%	5.15%	9.48%	12.20%	1.64%	0.94%	1.97%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-3.07%	-14.68%	-14.01%	-10.57%	-2.45%	-1.36%	-1.04%	-3.23%	-15.31%	-32.89%	-73.02%
Cash Return on Invested Capital (CROIC)	-5.88%	-18.51%	-49.08%	-29.33%	-58.90%	-6.15%	-116.57%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.61%	-4.53%	-6.47%	-6.64%	-1.12%	-0.13%	0.17%	-1.49%	-8.66%	-19.82%	-19.28%
Return on Assets (ROA)	-1.21%	-6.15%	-7.24%	-6.70%	-1.55%	-0.78%	-0.59%	-1.60%	-9.00%	-20.33%	-28.24%
Return on Common Equity (ROCE)	-3.07%	-14.68%	-14.01%	-10.57%	-2.45%	-1.36%	-1.04%	-3.23%	-15.31%	-32.89%	-33.08%
Return on Equity Simple (ROE_SIMPLE)	-2.98%	-14.72%	-14.63%	-10.70%	-1.72%	-1.32%	-0.72%	-3.10%	-15.42%	-37.93%	-35.73%
Net Operating Profit after Tax (NOPAT)	-6.66	-28	-30	-25	-3.36	-1.34	-0.73	-1.85	-4.69	-12	-11
NOPAT Margin	-0.52%	-2.57%	-3.33%	-3.52%	-0.67%	-0.35%	-0.24%	-0.76%	-2.49%	-7.99%	-9.63%
Net Nonoperating Expense Percent (NNEP)	-1.75%	-10.09%	-7.64%	-4.78%	-1.59%	-0.62%	-0.30%	0.64%	-4.54%	-10.17%	-29.78%
Return On Investment Capital (ROIC_SIMPLE)	-1.47%	-6.58%	-8.03%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	86.09%	88.18%	86.50%	85.07%	83.69%	83.09%	83.10%	82.26%	82.32%	82.83%	82.85%
SG&A Expenses to Revenue	4.96%	5.43%	4.35%	4.56%	4.35%	4.79%	5.63%	6.93%	8.08%	10.59%	12.35%
R&D to Revenue	2.43%	1.93%	2.78%	2.41%	1.98%	1.83%	1.91%	4.03%	5.07%	7.63%	8.54%
Operating Expenses to Revenue	14.65%	15.47%	18.22%	19.96%	17.27%	17.41%	17.24%	18.83%	21.24%	28.58%	30.90%
Earnings before Interest and Taxes (EBIT)	4.86	-33	-40	-35	-4.22	-0.29	0.26	-1.40	-6.64	-17	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	-20	-29	-23	2.85	5.34	4.78	2.83	-2.79	-14	-7.75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.31	4.17	6.36	16.04	12.53	9.57	6.59	18.15	10.15	6.08	3.25
Price to Tangible Book Value (P/TBV)	7.47	5.25	8.12	19.25	15.22	10.15	7.03	20.23	11.41	6.81	3.54
Price to Revenue (P/Rev)	1.59	1.14	2.15	7.63	8.48	3.41	2.80	3.62	2.41	1.88	1.66
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.90	7.76	12.33	45.73	38.46	20.66	13.58	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.45	1.00	1.97	7.31	8.02	3.21	2.56	3.39	2.14	1.56	1.13
Enterprise Value to EBITDA (EV/EBITDA)	87.32	0.00	0.00	0.00	1,411.37	230.67	163.12	290.07	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	383.15	0.00	0.00	0.00	0.00	0.00	2,951.02	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	38.56	59.36	0.00	685.08	186.77	76.25	0.00	85.05	80.45	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,344.71	307.33	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.42	0.23	0.00	0.00	0.19	0.10	0.19	0.11	0.00	0.25
Long-Term Debt to Equity	0.39	0.42	0.22	0.00	0.00	0.19	0.10	0.19	0.11	0.00	0.25
Financial Leverage	-0.54	-0.53	-0.60	-0.68	-0.66	-0.56	-0.73	-1.16	-1.08	-1.03	-1.16
Leverage Ratio	2.54	2.39	1.94	1.58	1.58	1.75	1.76	2.02	1.70	1.62	2.59
Compound Leverage Factor	-5.03	3.26	2.14	1.58	2.15	9.85	-6.24	2.79	1.76	1.65	3.79
Debt to Total Capital	28.51%	29.80%	18.53%	0.00%	0.00%	16.02%	9.06%	16.14%	9.63%	0.00%	20.09%
Short-Term Debt to Total Capital	0.30%	0.31%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.21%	29.49%	18.24%	0.00%	0.00%	16.02%	9.06%	16.14%	9.63%	0.00%	20.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.50%	70.20%	81.47%	100.00%	100.00%	83.98%	90.94%	83.86%	90.37%	100.00%	79.91%
Debt to EBITDA	6.04	-6.29	-2.39	0.00	0.00	4.88	2.69	3.29	-1.71	0.00	-1.92
Net Debt to EBITDA	-8.39	7.86	5.54	0.00	0.00	-14.44	-15.03	-20.19	18.36	0.00	7.94
Long-Term Debt to EBITDA	5.98	-6.23	-2.36	0.00	0.00	4.88	2.69	3.29	-1.71	0.00	-1.92
Debt to NOPAT	-19.35	-4.53	-2.31	0.00	0.00	-19.41	-17.58	-5.04	-1.02	0.00	-1.33
Net Debt to NOPAT	26.86	5.66	5.34	0.00	0.00	57.39	98.16	30.93	10.94	0.00	5.51
Long-Term Debt to NOPAT	-19.15	-4.48	-2.27	0.00	0.00	-19.41	-17.58	-5.04	-1.02	0.00	-1.33
Altman Z-Score	4.12	2.81	4.30	14.96	17.31	7.86	7.74	10.80	8.39	6.80	3.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.70%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	1.63	1.62	1.75	2.24	1.73	1.87	1.89	2.15	2.27	3.76
Quick Ratio	1.66	1.58	1.57	1.69	2.19	1.67	1.78	1.82	2.08	2.18	3.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8.44	-27	-63	-32	-48	-3.60	-67	0.35	1.31	-13	-16
Operating Cash Flow to CapEx	496.98%	101.96%	-46.82%	60.36%	289.14%	300.71%	-22.27%	308.72%	257.91%	-213.02%	-191.75%
Free Cash Flow to Firm to Interest Expense	-0.58	-2.20	-14.74	-3,173.12	-35.03	-2.67	-55.82	0.66	6.01	-41.24	-2.37
Operating Cash Flow to Interest Expense	3.33	1.54	-1.87	745.80	15.60	11.98	-10.58	18.14	22.96	-32.08	-1.61
Operating Cash Flow Less CapEx to Interest Expense	2.66	0.03	-5.88	-489.70	10.20	7.99	-58.11	12.26	14.06	-47.14	-2.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.62	1.52	1.47	1.32	1.33	1.65	1.94	2.58	2.46	1.74	1.55
Accounts Receivable Turnover	4.74	4.43	4.55	5.29	6.54	8.93	11.71	15.92	20.56	18.28	14.81
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.49	11.41	10.73	9.29	7.02	5.48	7.83	29.72	20.70	16.72	21.10
Accounts Payable Turnover	100.46	97.88	85.00	79.23	82.82	93.09	92.14	84.55	94.05	74.89	59.56
Days Sales Outstanding (DSO)	76.93	82.37	80.17	69.00	55.79	40.87	31.18	22.93	17.76	19.97	24.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.63	3.73	4.29	4.61	4.41	3.92	3.96	4.32	3.88	4.87	6.13
Cash Conversion Cycle (CCC)	73.29	78.64	75.88	64.39	51.38	36.95	27.22	18.61	13.88	15.10	18.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	144	143	145	112	105	60	57	-8.78	-6.58	-0.58	-2.24
Invested Capital Turnover	8.96	7.72	7.07	6.46	6.11	6.56	12.51	-31.62	-52.64	-104.53	-25.00
Increase / (Decrease) in Invested Capital	1.78	-1.89	33	7.09	45	2.25	66	-2.20	-6.00	1.66	4.80
Enterprise Value (EV)	1,862	1,106	1,782	5,109	4,024	1,232	779	822	403	230	131
Market Capitalization	2,041	1,268	1,943	5,330	4,259	1,309	851	879	454	276	193
Book Value per Share	$7.63	$7.31	$7.47	$8.23	$9.55	$3.91	$3.87	$1.61	$1.53	$1.61	$2.13
Tangible Book Value per Share	$6.45	$5.81	$5.85	$6.86	$7.86	$3.69	$3.62	$1.45	$1.36	$1.43	$1.96
Total Capital	452	433	375	332	340	163	142	58	49	45	74
Total Debt	129	129	69	0.00	0.00	26	13	9.32	4.77	0.00	15
Total Long-Term Debt	128	128	68	0.00	0.00	26	13	9.32	4.77	0.00	15
Net Debt	-179	-161	-161	-220	-235	-77	-72	-57	-51	-46	-62
Capital Expenditures (CapEx)	9.72	18	17	12	7.45	5.37	57	3.13	1.94	4.89	5.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-58	-58	-42	-46	-43	-32	-26	-23	-18	-13	-13
Debt-free Net Working Capital (DFNWC)	249	219	181	167	187	67	55	41	35	30	62
Net Working Capital (NWC)	248	218	179	167	187	67	55	41	35	30	62
Net Nonoperating Expense (NNE)	2.97	16	15	11	2.48	0.47	0.20	-0.35	2.21	5.46	10
Net Nonoperating Obligations (NNO)	-179	-161	-161	-220	-235	-77	-72	-57	-51	-46	-62
Total Depreciation and Amortization (D&A)	16	12	11	12	7.07	5.63	4.51	4.23	3.85	2.54	6.71
Debt-free, Cash-free Net Working Capital to Revenue	-4.54%	-5.25%	-4.62%	-6.60%	-8.59%	-8.26%	-8.67%	-9.31%	-9.68%	-9.00%	-11.52%
Debt-free Net Working Capital to Revenue	19.37%	19.75%	19.95%	23.93%	37.17%	17.50%	18.02%	16.77%	18.58%	20.42%	53.59%
Net Working Capital to Revenue	19.27%	19.63%	19.83%	23.93%	37.17%	17.50%	18.02%	16.77%	18.58%	20.42%	53.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.23)	($1.08)	($1.10)	($0.89)	($0.16)	($0.05)	$0.00	$0.00	$0.00	$0.00	($1.64)
Adjusted Weighted Average Basic Shares Outstanding	42.16M	41.44M	40.77M	81.01M	78.95M	34.96M	0.00	0.00	0.00	0.00	27.83M
Adjusted Diluted Earnings per Share	($0.23)	($1.08)	($1.10)	($0.89)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($1.64)
Adjusted Weighted Average Diluted Shares Outstanding	42.16M	41.44M	40.77M	81.01M	0.00	0.00	0.00	0.00	0.00	0.00	27.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.89)	($0.16)	($0.05)	$0.00	$0.00	$0.00	$0.00	($1.64)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.49M	83.63M	82.04M	40.14M	35.86M	34.65M	0.00	0.00	0.00	0.00	12.93M
Normalized Net Operating Profit after Tax (NOPAT)	-2.95	-28	-30	-25	-3.36	-1.34	-0.73	-1.85	-4.69	-12	-11
Normalized NOPAT Margin	-0.23%	-2.57%	-3.33%	-3.52%	-0.67%	-0.35%	-0.24%	-0.76%	-2.49%	-7.99%	-9.63%
Pre Tax Income Margin	-0.75%	-4.06%	-4.88%	-5.04%	-1.14%	-0.43%	-0.31%	-0.80%	-3.64%	-11.63%	-18.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.34	-2.73	-9.36	-3,519.60	-3.06	-0.22	0.22	-2.62	-30.46	-51.59	-2.15
NOPAT to Interest Expense	-0.46	-2.36	-7.05	-2,463.72	-2.43	-1.00	-0.61	-3.47	-21.51	-36.13	-1.66
EBIT Less CapEx to Interest Expense	-0.33	-4.24	-13.36	-4,755.10	-8.45	-4.20	-47.31	-8.50	-39.36	-66.65	-2.99
NOPAT Less CapEx to Interest Expense	-1.13	-3.87	-11.06	-3,699.22	-7.83	-4.98	-48.14	-9.34	-30.41	-51.19	-2.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-12.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Trupanion's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.71%	14.01%	14.55%	16.35%	19.43%	20.26%	22.28%	23.31%	24.43%	26.56%	28.68%
EBITDA Growth	1,031.98%	92.73%	392.11%	127.39%	102.53%	197.45%	123.35%	20.00%	-218.63%	-49.80%	-100.86%
EBIT Growth	153.64%	207.75%	615.01%	79.56%	85.41%	121.57%	90.68%	11.24%	-156.64%	-28.87%	-54.40%
NOPAT Growth	76.00%	19.12%	169.55%	58.20%	74.94%	104.43%	70.66%	-2.50%	-168.66%	-59.93%	-65.45%
Net Income Growth	78.36%	176.56%	135.31%	57.26%	72.35%	76.70%	68.75%	-0.70%	-179.84%	-31.85%	-89.38%
EPS Growth	81.25%	180.00%	130.00%	57.58%	73.33%	78.26%	68.75%	0.00%	-172.73%	-27.78%	-88.24%
Operating Cash Flow Growth	555.88%	35.39%	34.19%	301.35%	135.47%	1,618.06%	595.78%	-8.79%	-91.14%	-80.24%	-136.94%
Free Cash Flow Firm Growth	211.02%	-166.30%	104.40%	99.09%	94.95%	105.54%	17.70%	-103.24%	-175.42%	-252.52%	55.75%
Invested Capital Growth	-2.53%	1.25%	0.53%	-2.37%	-1.33%	-1.31%	15.78%	24.25%	25.40%	29.34%	17.33%
Revenue Q/Q Growth	1.38%	3.01%	4.02%	2.84%	3.47%	3.50%	5.65%	5.55%	4.20%	5.24%	6.54%
EBITDA Q/Q Growth	-38.55%	-6.41%	354.82%	332.79%	-89.54%	138.95%	125.31%	59.97%	-302.45%	42.73%	13.29%
EBIT Q/Q Growth	-65.50%	-3.08%	334.74%	31.66%	-297.96%	262.18%	90.68%	51.24%	-192.80%	29.95%	11.25%
NOPAT Q/Q Growth	-403.09%	-79.98%	144.38%	10.85%	-1,604.17%	111.69%	73.33%	46.54%	-165.66%	22.54%	6.83%
Net Income Q/Q Growth	-189.55%	16.21%	124.31%	14.45%	-216.78%	46.41%	70.57%	44.66%	-166.88%	28.10%	5.17%
EPS Q/Q Growth	-175.00%	33.33%	121.43%	12.50%	-220.00%	50.00%	69.70%	45.00%	-160.87%	28.13%	3.03%
Operating Cash Flow Q/Q Growth	-32.65%	54.97%	123.09%	181.68%	-86.10%	53.60%	434.74%	50.38%	-773.41%	144.32%	26.55%
Free Cash Flow Firm Q/Q Growth	281.89%	-251.00%	375.81%	85.34%	-208.63%	110.02%	42.74%	18.97%	-19.04%	-49.03%	-41.39%
Invested Capital Q/Q Growth	-2.80%	1.83%	-1.13%	-0.40%	0.97%	1.11%	-3.98%	0.66%	1.00%	18.61%	3.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.94%	15.69%	15.08%	12.79%	11.83%	13.54%	12.33%	10.86%	10.28%	13.68%	12.86%
EBITDA Margin	1.63%	2.68%	2.95%	0.68%	0.16%	1.59%	0.69%	-2.87%	-7.56%	-1.96%	-3.60%
Operating Margin	-0.43%	0.10%	0.53%	-1.74%	-2.00%	0.14%	-1.22%	-4.84%	-9.55%	-3.75%	-5.09%
EBIT Margin	0.52%	1.52%	1.61%	-0.72%	-1.08%	0.56%	-0.36%	-4.07%	-8.81%	-3.14%	-4.71%
Profit (Net Income) Margin	-0.43%	0.49%	0.44%	-1.86%	-2.24%	-0.73%	-1.41%	-5.07%	-9.67%	-3.77%	-5.52%
Tax Burden Percent	102.70%	97.76%	97.34%	99.26%	99.45%	106.39%	98.95%	98.29%	99.24%	99.84%	103.99%
Interest Burden Percent	-81.72%	33.08%	27.71%	262.37%	209.17%	-122.18%	397.56%	126.70%	110.57%	120.58%	112.79%
Effective Tax Rate	0.00%	2.24%	2.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.80%	0.90%	4.57%	-10.08%	-11.21%	0.75%	-6.89%	-25.72%	-48.71%	-18.53%	-26.95%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.55%	0.13%	4.73%	-8.74%	-9.55%	2.27%	-5.93%	-23.03%	-44.48%	-17.04%	-24.73%
Return on Net Nonoperating Assets (RNNOA)	1.41%	-0.07%	-2.54%	4.47%	4.92%	-1.20%	3.31%	12.91%	25.76%	10.19%	15.98%
Return on Equity (ROE)	-1.39%	0.83%	2.03%	-5.60%	-6.29%	-0.45%	-3.58%	-12.81%	-22.95%	-8.34%	-10.98%
Cash Return on Invested Capital (CROIC)	0.18%	-5.88%	-5.21%	-4.68%	-9.44%	-18.51%	-41.40%	-52.62%	-53.69%	-49.08%	-40.48%
Operating Return on Assets (OROA)	0.84%	2.46%	2.53%	-1.13%	-1.65%	0.86%	-0.54%	-6.00%	-12.45%	-4.60%	-6.71%
Return on Assets (ROA)	-0.70%	0.79%	0.68%	-2.93%	-3.44%	-1.11%	-2.11%	-7.47%	-13.66%	-5.54%	-7.87%
Return on Common Equity (ROCE)	-1.39%	0.83%	2.03%	-5.60%	-6.29%	-0.45%	-3.58%	-12.81%	-22.95%	-8.34%	-10.98%
Return on Equity Simple (ROE_SIMPLE)	-1.28%	0.00%	-4.20%	-6.18%	-8.82%	0.00%	-17.90%	-21.02%	-20.55%	0.00%	-13.88%
Net Operating Profit after Tax (NOPAT)	-1.03	0.34	1.70	-3.83	-4.30	0.29	-2.44	-9.16	-17	-6.45	-8.33
NOPAT Margin	-0.30%	0.10%	0.52%	-1.22%	-1.40%	0.10%	-0.85%	-3.39%	-6.69%	-2.62%	-3.56%
Net Nonoperating Expense Percent (NNEP)	-0.26%	0.77%	-0.17%	-1.34%	-1.66%	-1.52%	-0.96%	-2.69%	-4.23%	-1.49%	-2.23%
Return On Investment Capital (ROIC_SIMPLE)	-0.22%	0.08%	-	-	-	0.07%	-	-	-	-1.72%	-
Cost of Revenue to Revenue	85.06%	84.31%	84.92%	87.21%	88.17%	86.46%	87.67%	89.14%	89.72%	86.32%	87.14%
SG&A Expenses to Revenue	5.82%	4.99%	5.18%	4.85%	4.79%	4.53%	4.43%	4.86%	8.20%	4.26%	4.41%
R&D to Revenue	2.36%	2.42%	2.42%	2.60%	2.27%	2.02%	1.85%	1.93%	1.91%	2.83%	2.80%
Operating Expenses to Revenue	15.37%	15.59%	14.55%	14.53%	13.84%	13.33%	13.55%	15.69%	19.83%	17.32%	17.95%
Earnings before Interest and Taxes (EBIT)	1.77	5.12	5.28	-2.25	-3.29	1.66	-1.03	-11	-23	-7.71	-11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.56	9.05	9.67	2.13	0.49	4.69	1.96	-7.76	-19	-4.82	-8.41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.75	6.31	5.53	4.04	3.78	4.17	4.03	2.81	5.97	6.36	7.92
Price to Tangible Book Value (P/TBV)	5.59	7.47	6.81	5.00	4.72	5.25	5.12	3.63	7.69	8.12	9.43
Price to Revenue (P/Rev)	1.20	1.59	1.42	1.03	0.99	1.14	1.10	0.81	1.84	2.15	2.84
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	9.91	12.90	11.22	7.48	6.86	7.76	7.22	4.56	11.03	12.33	18.37
Enterprise Value to Revenue (EV/Rev)	1.05	1.45	1.28	0.89	0.85	1.00	0.96	0.67	1.69	1.97	2.62
Enterprise Value to EBITDA (EV/EBITDA)	52.68	87.32	93.77	115.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	140.14	383.15	1,134.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.49	38.56	37.81	28.09	35.36	59.36	473.62	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	5,452.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.40	0.40	0.42	0.42	0.42	0.45	0.36	0.35	0.23	0.18
Long-Term Debt to Equity	0.38	0.39	0.40	0.42	0.42	0.42	0.44	0.36	0.35	0.22	0.18
Financial Leverage	-0.55	-0.54	-0.54	-0.51	-0.52	-0.53	-0.56	-0.56	-0.58	-0.60	-0.65
Leverage Ratio	2.55	2.54	2.61	2.57	2.52	2.39	2.39	2.26	2.17	1.94	1.88
Compound Leverage Factor	-2.09	0.84	0.72	6.73	5.27	-2.92	9.48	2.87	2.40	2.33	2.12
Debt to Total Capital	27.86%	28.51%	28.70%	29.65%	29.81%	29.80%	30.82%	26.49%	26.11%	18.53%	15.05%
Short-Term Debt to Total Capital	0.29%	0.30%	0.30%	0.31%	0.31%	0.31%	0.32%	0.28%	0.32%	0.29%	0.17%
Long-Term Debt to Total Capital	27.57%	28.21%	28.40%	29.34%	29.50%	29.49%	30.49%	26.21%	25.80%	18.24%	14.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.14%	71.50%	71.30%	70.35%	70.19%	70.20%	69.18%	73.51%	73.89%	81.47%	84.95%
Debt to EBITDA	4.88	6.04	7.59	13.90	-210.85	-6.29	-4.30	-2.58	-2.46	-2.39	-1.98
Net Debt to EBITDA	-7.32	-8.39	-10.51	-17.52	260.82	7.86	4.95	3.51	3.52	5.54	6.71
Long-Term Debt to EBITDA	4.83	5.98	7.51	13.76	-208.64	-6.23	-4.25	-2.55	-2.43	-2.36	-1.95
Debt to NOPAT	-37.96	-19.35	-19.48	-12.54	-8.25	-4.53	-3.66	-2.53	-2.55	-2.31	-1.96
Net Debt to NOPAT	56.94	26.86	26.95	15.79	10.20	5.66	4.22	3.45	3.64	5.34	6.64
Long-Term Debt to NOPAT	-37.56	-19.15	-19.27	-12.40	-8.16	-4.48	-3.62	-2.51	-2.52	-2.27	-1.93
Altman Z-Score	3.46	4.12	3.65	2.95	2.81	2.96	2.76	2.34	3.67	4.46	5.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.71	1.66	1.63	1.62	1.63	1.61	1.57	1.64	1.62	1.50
Quick Ratio	1.66	1.66	1.61	1.58	1.57	1.58	1.56	1.52	1.58	1.57	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.62	-1.44	0.95	-0.35	-2.36	2.17	-22	-38	-47	-39	-26
Operating Cash Flow to CapEx	828.01%	1,275.67%	799.53%	238.06%	79.41%	440.98%	259.58%	-71.91%	-132.37%	18.60%	-55.65%
Free Cash Flow to Firm to Interest Expense	0.82	-0.42	0.25	-0.09	-0.66	0.59	-7.10	-12.87	-19.56	-24.72	-18.69
Operating Cash Flow to Interest Expense	4.97	6.92	4.00	1.88	0.68	4.74	3.73	-1.16	-2.87	0.64	-1.63
Operating Cash Flow Less CapEx to Interest Expense	4.37	6.37	3.50	1.09	-0.18	3.66	2.30	-2.77	-5.05	-2.81	-4.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.62	1.62	1.57	1.58	1.54	1.52	1.49	1.47	1.41	1.47	1.42
Accounts Receivable Turnover	4.65	4.74	4.38	4.36	4.40	4.43	4.22	4.28	4.37	4.55	4.47
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.81	12.49	12.22	11.91	11.65	11.41	11.28	11.12	10.93	10.73	10.51
Accounts Payable Turnover	125.12	100.46	112.89	155.13	129.35	97.88	112.59	132.47	127.00	85.00	104.11
Days Sales Outstanding (DSO)	78.52	76.93	83.27	83.70	82.98	82.37	86.53	85.19	83.52	80.17	81.68
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.92	3.63	3.23	2.35	2.82	3.73	3.24	2.76	2.87	4.29	3.51
Cash Conversion Cycle (CCC)	75.60	73.29	80.04	81.35	80.16	78.64	83.29	82.43	80.65	75.88	78.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	140	144	142	143	144	143	141	147	146	145	122
Invested Capital Turnover	9.29	8.96	8.80	8.28	7.99	7.72	8.05	7.59	7.28	7.07	7.56
Increase / (Decrease) in Invested Capital	-3.65	1.78	0.75	-3.48	-1.94	-1.89	19	29	30	33	18
Enterprise Value (EV)	1,390	1,862	1,592	1,073	988	1,106	1,018	669	1,610	1,782	2,238
Market Capitalization	1,584	2,041	1,770	1,235	1,147	1,268	1,167	811	1,759	1,943	2,422
Book Value per Share	$7.85	$7.63	$7.59	$7.28	$7.24	$7.31	$7.00	$7.00	$7.19	$7.47	$7.50
Tangible Book Value per Share	$6.67	$6.45	$6.17	$5.88	$5.80	$5.81	$5.50	$5.42	$5.58	$5.85	$6.30
Total Capital	463	452	449	435	432	433	418	393	399	375	360
Total Debt	129	129	129	129	129	129	129	104	104	69	54
Total Long-Term Debt	128	128	128	128	127	128	128	103	103	68	54
Net Debt	-193	-179	-178	-162	-159	-161	-148	-142	-149	-161	-184
Capital Expenditures (CapEx)	1.93	1.86	1.91	2.88	3.07	3.97	4.39	4.74	5.18	5.48	4.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-58	-54	-53	-55	-58	-51	-45	-45	-42	-42
Debt-free Net Working Capital (DFNWC)	260	249	239	224	221	219	215	191	200	181	141
Net Working Capital (NWC)	259	248	238	223	219	218	214	190	198	179	140
Net Nonoperating Expense (NNE)	0.45	-1.32	0.27	2.03	2.56	2.45	1.59	4.55	7.64	2.83	4.58
Net Nonoperating Obligations (NNO)	-193	-179	-178	-162	-159	-161	-148	-142	-149	-161	-184
Total Depreciation and Amortization (D&A)	3.79	3.92	4.38	4.38	3.79	3.03	2.99	3.25	3.20	2.90	2.60
Debt-free, Cash-free Net Working Capital to Revenue	-4.65%	-4.54%	-4.34%	-4.39%	-4.72%	-5.25%	-4.81%	-4.47%	-4.71%	-4.62%	-4.91%
Debt-free Net Working Capital to Revenue	19.70%	19.37%	19.21%	18.66%	19.04%	19.75%	20.30%	18.98%	20.89%	19.95%	16.52%
Net Working Capital to Revenue	19.60%	19.27%	19.11%	18.55%	18.92%	19.63%	20.18%	18.87%	20.76%	19.83%	16.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.04	$0.03	($0.14)	($0.16)	($0.05)	($0.10)	($0.33)	($0.60)	($0.23)	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	42.78M	42.16M	42.23M	42.08M	41.92M	41.44M	41.54M	41.38M	41.11M	40.77M	40.80M
Adjusted Diluted Earnings per Share	($0.03)	$0.04	$0.03	($0.14)	($0.16)	($0.05)	($0.10)	($0.33)	($0.60)	($0.23)	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	42.78M	42.16M	42.82M	42.08M	41.92M	41.44M	41.54M	41.38M	41.11M	40.77M	40.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.78M	42.49M	42.34M	42.16M	42.02M	83.63M	41.55M	41.37M	41.23M	82.04M	40.88M
Normalized Net Operating Profit after Tax (NOPAT)	-1.03	0.34	1.70	-3.83	-4.30	0.29	-2.44	-9.16	-17	-6.45	-8.33
Normalized NOPAT Margin	-0.30%	0.10%	0.52%	-1.22%	-1.40%	0.10%	-0.85%	-3.39%	-6.69%	-2.62%	-3.56%
Pre Tax Income Margin	-0.42%	0.50%	0.45%	-1.88%	-2.25%	-0.69%	-1.43%	-5.16%	-9.74%	-3.78%	-5.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.55	1.49	1.38	-0.62	-0.92	0.45	-0.34	-3.75	-9.46	-4.86	-7.82
NOPAT to Interest Expense	-0.32	0.10	0.44	-1.05	-1.19	0.08	-0.80	-3.12	-7.18	-4.07	-5.92
EBIT Less CapEx to Interest Expense	-0.05	0.95	0.88	-1.40	-1.77	-0.62	-1.77	-5.36	-11.63	-8.31	-10.75
NOPAT Less CapEx to Interest Expense	-0.92	-0.44	-0.06	-1.84	-2.05	-1.00	-2.24	-4.73	-9.35	-7.52	-8.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.88%	-13.56%

Frequently Asked Questions About Trupanion's Financials

When does Trupanion's financial year end?

According to the most recent income statement we have on file, Trupanion's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Trupanion's net income changed over the last 10 years?

Trupanion's net income appears to be on an upward trend, with a most recent value of -$9.63 million in 2024, falling from -$21.18 million in 2014. The previous period was -$44.69 million in 2023. Check out Trupanion's forecast to explore projected trends and price targets.

What is Trupanion's operating income?

Trupanion's total operating income in 2024 was -$9.51 million, based on the following breakdown:

Total Gross Profit: $178.80 million
Total Operating Expenses: $188.31 million

How has Trupanion revenue changed over the last 10 years?

Over the last 10 years, Trupanion's total revenue changed from $115.91 million in 2014 to $1.29 billion in 2024, a change of 1,009.2%.

How much debt does Trupanion have?

Trupanion's total liabilities were at $483.59 million at the end of 2024, a 0.9% increase from 2023, and a 1,139.0% increase since 2014.

How much cash does Trupanion have?

In the past 10 years, Trupanion's cash and equivalents has ranged from $17.96 million in 2015 to $160.30 million in 2024, and is currently $160.30 million as of their latest financial filing in 2024.

How has Trupanion's book value per share changed over the last 10 years?

Over the last 10 years, Trupanion's book value per share changed from 2.13 in 2014 to 7.63 in 2024, a change of 257.9%.

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This page (NASDAQ:TRUP) was last updated on 5/30/2025 by MarketBeat.com Staff

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