NASDAQ$TRUP

Trupanion Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Trupanion's Q2 2021 financial results were announced, revealing a 43% increase in total revenue compared to Q2 2020.

Trupanion reported a strong Q2 2021 with a 43% increase in total revenue, driven by a 60% year-over-year growth in net pet additions and strong retention rates. However, the company experienced a net loss of $9.2 million, impacted by increased stock-based compensation, depreciation, and acquisition spend.

  • Total revenue increased by 43% to $168.3 million compared to the second quarter of 2020.
  • Total enrolled pets reached 1,024,226, a 38% increase over the second quarter of 2020.
  • Subscription business revenue grew by 30% to $120.4 million compared to the second quarter of 2020.
  • Net loss was $(9.2) million, or $(0.23) per basic and diluted share, compared to net income of $1.4 million, or $0.04 per basic and diluted share, in the second quarter of 2020.

Headline financials

Total Revenue

$168M

Previous: $118M+42.7%
EPS (adj)

-$0.23

Previous: $0.04-675.0%
Capital Expenditures

-$5.77M

Previous: -$3.24M-78.1%
Free Cash Flow

-$15.4M

Previous: -$1.89M-715.5%
Net Income

-$9.61M

Previous: $1.35M-810.3%
Operating Income

-$9.51M

Previous: $1.51M-730.4%
Gross Profit

$24.5M

Previous: $19.9M+23.5%
Cash & Equivalents

$117M

Previous: $30M+290.9%
Total Assets

$532M

Previous: $290M+83.3%
Stock-Based Comp

$6.53M

Previous: $2.23M+193.1%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$168M

Q2 2021+42.7%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
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

The press release contains forward-looking statements regarding the company's expectations, plans, and prospects, which are subject to risks and uncertainties.

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 Q2 2021

Historical avgQ2 2021

-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

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