NASDAQ$TRUP
Trupanion Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Experienced margin expansion and disciplined capital deployment, resulting in sequential improvement in free cash flow.
Trupanion reported a 23% increase in total revenue, reaching $270.6 million, and saw early signs of margin expansion. The company is progressing toward its goal of being free cash flow positive in Q4 2023, with sequential improvement in free cash flow during the quarter.
- Total revenue increased by 23% to $270.6 million compared to Q2 2022.
- Total enrolled pets reached 1,679,659, a 25% increase over Q2 2022.
- Subscription business revenue grew by 19% to $173.3 million compared to Q2 2022.
- Free cash flow improved sequentially from the first quarter of 2023.
Headline financials
Revenue & EPS history
Trupanion · Revenue · Quarterly
$271M
Revenue by segment
Trupanion · $246M total across 2 segments · Q4 2022
- Subscription business$159M+18.2%64.5%
- Other business$87.4M+45.1%35.5%
Forward guidance
Trupanion's management expects to continue growing enrollments and revenue, and to continue executing 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 Q2 2023
-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
| Quarter | Report date | Reaction (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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