NASDAQ$TRUP

Trupanion Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Trupanion's Q4 2021 results were reported, showing strong year-over-year growth metrics.

Trupanion reported a 36% increase in total revenue for Q4 2021 compared to the same quarter in 2020. The company sustained high levels of retention while adding a record number of new pets. Net loss was $(7.0) million, or $(0.17) per basic and diluted share.

  • Total revenue was $194.4 million, an increase of 36% compared to the fourth quarter of 2020.
  • Subscription business revenue was $134.1 million, an increase of 26% compared to the fourth quarter of 2020.
  • Net loss was $(7.0) million, or $(0.17) per basic and diluted share, compared to net loss of $(3.5) million, or $(0.09) per basic and diluted share, in the fourth quarter of 2020.
  • Operating cash flow was $5.2 million and free cash flow was $1.3 million in the fourth quarter of 2021.

Headline financials

Total Revenue

$194M

Previous: $143M+36.2%
EPS (adj)

-$0.17

Previous: -$0.09-88.9%
Monthly average revenue per pet

$63.89

No prior period
Average monthly retention

98.7%

No prior period
Capital Expenditures

$3.82M

Previous: $2.94M+29.9%
Free Cash Flow

$1.3M

Previous: $1.03M+26.8%
Net Income

-$7.04M

Previous: -$3.5M-101.1%
Operating Income

-$5.76M

Previous: -$3.17M-81.9%
Gross Profit

$30.5M

Previous: $23.6M+29.4%
Cash & Equivalents

$87.4M

Previous: $140M-37.5%
Total Assets

$563M

Previous: $498M+12.9%
Stock-Based Comp

$6.81M

Previous: $2.6M+161.6%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$194M

Q4 2021+36.2%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Trupanion · $194M total across 2 segments · Q4 2021

  • Subscription business
    $134M+26.0%
  • Other business
    $60.3M+66.1%

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 Q4 2021

Historical avgQ4 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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