NASDAQ$TRUP

Trupanion Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Trupanion experienced solid growth driven by record pet additions and strong retention in the subscription business.

Trupanion's Q1 2022 total revenue increased by 33% compared to Q1 2021. The company reported a net loss of $(8.9) million, or $(0.22) per share, improved from a net loss of $(12.4) million, or $(0.31) per share, in Q1 2021. Adjusted EBITDA was $1.2 million, compared to adjusted EBITDA of $(1.1) million in the first quarter of 2021.

  • Total revenue was $206.0 million, an increase of 33% compared to the first quarter of 2021.
  • Total enrolled pets was 1,267,253 at March 31, 2022, an increase of 34% over the first quarter of 2021.
  • Subscription business revenue was $139.8 million, an increase of 23% compared to the first quarter of 2021.
  • Net loss was $(8.9) million, or $(0.22) per basic and diluted share, compared to net loss of $(12.4) million, or $(0.31) per basic and diluted share, in the first quarter of 2021.

Headline financials

Total Revenue

$206M

Previous: $155M+33.2%
EPS (adj)

-$0.22

Previous: -$0.10-120.0%
Capital Expenditures

-$3.55M

Previous: -$2.88M-23.2%
Free Cash Flow

-$12.5M

Previous: -$15.8M+21.0%
Net Income

-$8.9M

Previous: -$12.9M+30.9%
Operating Income

-$9.11M

Previous: -$12.7M+28.4%
Gross Profit

$29.9M

Previous: $21.1M+41.7%
Cash & Equivalents

$122M

Previous: $133M-8.0%
Total Assets

$635M

Previous: $514M+23.5%
Stock-Based Comp

$7.55M

Previous: $8.45M-10.6%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$206M

Q1 2022+33.2%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Trupanion · $246M total across 2 segments · Q4 2022

  • Subscription business
    $159M+18.2%
  • Other business
    $87.4M+45.1%

Forward guidance

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for Trupanion, including, but not limited to, its expectations regarding its ability to continue to grow its enrollments and revenue, implement its alliance with Aflac and otherwise execute its business plan.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

46%

19 / 41 earnings

Positive

+28.3%

Q2 2020

Best reaction

-31.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%+3.9%-9.1%
Q4 2025-13.0%-10.3%-23.0%
Q3 2025-8.4%-7.6%-12.3%
Q1 2025+23.2%+22.4%+29.5%
Q4 2024-25.5%-28.2%-22.1%
Q3 2024+2.9%-6.0%+0.1%
Q2 2024+13.8%+21.5%+29.9%
Q1 2024-14.9%+9.6%+28.1%
Q4 2023-31.3%-26.8%-18.6%
Q3 2023+27.8%+11.7%+43.5%
Q2 2023+7.8%+15.2%+2.3%
Q1 2023-17.5%-30.8%-34.2%
Q4 2022-0.1%-3.1%-7.6%
Q3 2022+2.1%+10.1%+21.6%
Q2 2022+3.0%+13.2%+3.7%
Q1 2022-7.6%-0.9%+0.1%
Q4 2021-19.0%-17.1%-3.4%
Q3 2021+17.0%+20.8%+9.2%
Q2 2021-13.5%-13.4%-20.9%
Q1 2021-3.3%-8.6%+7.5%
Q4 2020-11.2%-9.9%-22.2%
Q3 2020+0.1%+17.6%+37.1%
Q2 2020+28.3%+39.0%+31.7%
Q1 2020-16.1%-13.9%-10.3%
Q4 2019-17.4%-9.3%-22.6%
Q3 2019+23.4%+31.2%+35.8%
Q2 2019-2.6%-4.8%-25.9%
Q1 2019-1.4%-1.9%-11.6%
Q4 2018-4.8%+0.9%+6.0%
Q3 2018+3.0%-7.7%-1.3%
Q2 2018-3.6%-7.5%-7.4%
Q1 2018+5.4%+1.4%+20.9%
Q4 2017-0.0%-9.2%+9.5%
Q3 2017+13.1%+11.6%+3.2%
Q2 2017+0.2%-2.8%-8.1%
Q1 2017+0.9%+4.7%+29.0%
Q4 2016+3.0%-2.2%-10.5%
Q3 2016-7.7%-7.0%+1.9%
Q2 2016-0.3%-0.6%-0.5%
Q1 2016+13.0%
Q2 2014-1.3%
Q4 2013
Q3 2013
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro