NASDAQ$TRUP

Trupanion Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Trupanion's Q3 2022 financial results were released, showing revenue growth and increased pet enrollment, but also a net loss and a decrease in adjusted EBITDA compared to the same period last year.

Trupanion reported a 29% increase in total revenue to $233.8 million and a 30% increase in total enrolled pets to 1,439,605. However, the company experienced a net loss of $12.9 million, or $0.32 per share, and an adjusted EBITDA of $(0.9) million.

  • Total revenue increased by 29% to $233.8 million compared to Q3 2021.
  • Total enrolled pets grew by 30% to 1,439,605 as of September 30, 2022.
  • Subscription business revenue increased by 20% to $152.4 million compared to Q3 2021.
  • Net loss was $(12.9) million, or $(0.32) per share, compared to a net loss of $(6.8) million in Q3 2021.

Headline financials

Total Revenue

$234M

Previous: $182M+28.7%
EPS (adj)

-$0.32

Previous: -$0.17-88.2%
Capital Expenditures

-$11.6M

Previous: -$8.54M-36.0%
Free Cash Flow

-$24.5M

Previous: -$16M-53.5%
Net Income

-$12.9M

Previous: -$7.44M-73.5%
Operating Income

-$11.9M

Previous: -$7.19M-65.4%
Gross Profit

$30.1M

Previous: $28.2M+6.7%
Cash & Equivalents

$85.5M

Previous: $110M-22.0%
Total Assets

$648M

Previous: $551M+17.6%
Stock-Based Comp

$8.64M

Previous: $6.44M+34.1%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$234M

Q3 2022+28.7%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
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 report contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those anticipated.

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 Q3 2022

Historical avgQ3 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

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