Trupanion (TRUP) Financials

$34.72 -0.73 (-2.06%)

Closing price 04:00 PM Eastern

Extended Trading

$34.74 +0.02 (+0.04%)

As of 04:05 PM Eastern

Annual Income Statements for Trupanion

This table shows Trupanion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-21	-17	-6.90	-1.50	-0.93	-1.81	-5.84	-36	-45	-45	-9.63
Consolidated Net Income / (Loss)	-21	-17	-6.90	-1.50	-0.93	-1.81	-5.84	-36	-45	-45	-9.63
Net Income / (Loss) Continuing Operations	-21	-17	-6.90	-1.50	-0.93	-1.81	-5.84	-36	-45	-45	-9.63
Total Pre-Tax Income	-21	-17	-6.86	-1.93	-0.93	-1.64	-5.73	-35	-44	-45	-9.64
Total Operating Income	-16	-17	-6.70	-2.64	-1.05	-1.92	-4.80	-35	-43	-41	-9.51
Total Gross Profit	20	25	33	43	51	65	82	104	122	131	179
Total Revenue	116	147	188	243	304	384	502	699	905	1,109	1,286
Total Cost of Revenue	96	122	155	200	253	319	420	595	783	978	1,107
Operating Cost of Revenue	80	103	134	200	253	319	420	595	783	978	1,107
Total Operating Expenses	36	42	40	46	52	67	87	140	165	171	188
Selling, General & Admin Expense	14	16	15	17	17	18	22	32	39	60	64
Marketing Expense	12	15	15	19	25	35	48	79	90	77	71
Research & Development Expense	9.90	11	9.53	9.77	5.80	7.03	9.95	17	25	21	31
Depreciation Expense	-	-	-	-	4.51	5.63	7.07	12	11	12	16
Other Operating Expenses / (Income)	-	-	-	0.00	0.00	0.35	-	0.17	0.25	0.22	0.18
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	5.30
Total Other Income / (Expense), net	-5.24	-0.32	-0.16	0.71	0.11	0.28	-0.93	-0.01	-1.20	-4.38	-0.12
Interest Expense	6.73	0.33	0.22	0.53	1.20	1.35	1.38	0.01	4.27	12	14
Other Income / (Expense), net	1.49	0.01	0.06	1.24	1.31	1.63	0.58	0.00	3.07	7.70	14
Income Tax Expense	-0.01	0.11	0.04	-0.43	-0.01	0.17	0.11	0.31	0.48	-0.34	-0.01
Basic Earnings per Share	($1.64)	($0.62)	($0.24)	($0.05)	($0.03)	($0.05)	($0.16)	($0.89)	($1.10)	($1.08)	($0.23)
Weighted Average Basic Shares Outstanding	12.93M	27.64M	28.53M	29.59M	31.96M	34.65M	35.86M	40.14M	40.77M	41.44M	42.16M
Diluted Earnings per Share	($1.64)	($0.62)	$0.00	$0.00	$0.00	($0.05)	($0.16)	($0.89)	($1.10)	($1.08)	($0.23)
Weighted Average Diluted Shares Outstanding	12.93M	27.64M	0.00	0.00	0.00	34.65M	35.86M	40.14M	40.77M	41.44M	42.16M
Weighted Average Basic & Diluted Shares Outstanding	12.93M	27.64M	28.53M	29.59M	31.96M	34.65M	35.86M	40.14M	82.04M	83.63M	42.49M

This table shows Trupanion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-13	-9.29	-25	-14	-4.04	-2.16	-6.85	-5.86	1.43	1.66
Consolidated Net Income / (Loss)	-13	-9.29	-25	-14	-4.04	-2.16	-6.85	-5.86	1.43	1.66
Net Income / (Loss) Continuing Operations	-13	-9.29	-25	-14	-4.04	-2.16	-6.85	-5.86	1.43	1.66
Total Pre-Tax Income	-12	-9.30	-25	-14	-4.08	-2.03	-6.89	-5.91	1.46	1.69
Total Operating Income	-12	-9.22	-24	-13	-3.49	0.41	-6.14	-5.47	1.75	0.35
Total Gross Profit	30	34	26	29	35	40	36	40	49	53
Total Revenue	234	246	256	271	286	296	306	315	327	337
Total Cost of Revenue	204	212	230	241	251	256	270	275	278	284
Operating Cost of Revenue	204	212	230	241	251	256	270	275	278	284
Total Operating Expenses	42	43	51	42	39	39	42	46	48	53
Selling, General & Admin Expense	10	10	21	13	13	13	15	15	17	17
Marketing Expense	22	22	22	21	18	17	17	18	18	18
Research & Development Expense	6.55	6.96	4.90	5.23	5.30	5.97	6.96	8.19	7.93	8.17
Depreciation Expense	2.60	2.90	3.20	3.25	2.99	3.03	3.79	4.38	4.38	3.92
Other Operating Expenses / (Income)	0.06	0.09	0.07	0.07	-0.00	0.08	0.10	0.05	0.03	-0.00
Total Other Income / (Expense), net	-0.52	-0.08	-0.49	-0.86	-0.59	-2.44	-0.75	-0.44	-0.28	1.35
Interest Expense	1.41	1.59	2.39	2.94	3.05	3.70	3.60	3.66	3.82	3.43
Other Income / (Expense), net	0.89	1.50	1.90	2.08	2.47	1.26	2.84	3.22	3.54	4.77
Income Tax Expense	0.50	-0.02	-0.19	-0.24	-0.04	0.13	-0.04	-0.04	0.04	0.04
Basic Earnings per Share	($0.32)	($0.23)	($0.60)	($0.33)	($0.10)	($0.05)	($0.16)	($0.14)	$0.03	$0.04
Weighted Average Basic Shares Outstanding	40.80M	40.77M	41.11M	41.38M	41.54M	41.44M	41.92M	42.08M	42.23M	42.16M
Diluted Earnings per Share	($0.32)	($0.23)	($0.60)	($0.33)	($0.10)	($0.05)	($0.16)	($0.14)	$0.03	$0.04
Weighted Average Diluted Shares Outstanding	40.80M	40.77M	41.11M	41.38M	41.54M	41.44M	41.92M	42.08M	42.82M	42.16M
Weighted Average Basic & Diluted Shares Outstanding	40.88M	82.04M	41.23M	41.37M	41.55M	83.63M	42.02M	42.16M	42.34M	42.49M

This table details how cash moves in and out of Trupanion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	35	-35	6.28	2.07	1.65	2.62	116	-45	-16	86	29
Net Cash From Operating Activities	-11	-10	5.01	9.67	-13	16	22	7.46	-8.00	19	48
Net Cash From Continuing Operating Activities	-11	-10	4.80	9.67	13	16	22	7.46	-8.00	19	48
Net Income / (Loss) Continuing Operations	-21	-17	-6.90	-1.50	-0.93	-1.81	-5.84	-36	-45	-45	-9.63
Consolidated Net Income / (Loss)	-21	-17	-6.90	-1.50	-0.93	-1.81	-5.84	-36	-45	-45	-9.63
Depreciation Expense	1.67	2.54	3.85	4.23	4.51	5.63	7.07	12	11	12	16
Non-Cash Adjustments To Reconcile Net Income	2.45	3.07	2.84	2.00	4.54	6.95	9.07	26	34	35	37
Changes in Operating Assets and Liabilities, net	1.10	1.30	5.01	4.94	4.56	5.38	11	4.72	-8.69	16	4.47
Net Cash From Investing Activities	-12	-9.92	-6.51	-13	-81	-28	-77	-52	-68	7.64	-13
Net Cash From Continuing Investing Activities	-12	-9.92	-6.51	-13	-81	-28	-77	-52	-68	7.64	-13
Purchase of Property, Plant & Equipment	-5.63	-4.89	-1.94	-3.13	-57	-5.37	-7.45	-12	-17	-18	-9.72
Acquisitions	0.00	-	0.00	0.00	-2.96	0.00	-48	0.00	-15	0.00	0.00
Purchase of Investments	-35	-25	-32	-32	-56	-70	-65	-96	-273	-166	-133
Sale and/or Maturity of Investments	29	20	27	23	35	50	44	58	239	190	128
Other Investing Activities, net	-	-	-0.20	-2.78	-1.11	-2.89	0.06	-1.76	-1.60	1.59	2.10
Net Cash From Financing Activities	58	-14	7.67	5.08	71	14	171	-1.13	61	59	-3.96
Net Cash From Continuing Financing Activities	58	-14	7.67	5.08	71	14	171	-1.13	61	59	-3.96
Repayment of Debt	-0.10	0.00	-0.40	-0.69	-9.64	-0.44	-33	0.00	-0.57	-2.10	-2.19
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-5.76	0.00	0.00
Issuance of Debt	-15	-15	4.99	4.40	13	13	6.21	0.00	69	60	0.00
Other Financing Activities, net	0.21	0.69	3.08	1.38	1.76	1.32	4.90	-1.13	-2.07	1.12	-1.77
Effect of Exchange Rate Changes	0.02	-0.59	0.11	0.38	-0.81	0.42	-0.02	0.25	-1.46	0.42	-1.88
Cash Interest Paid	1.49	0.16	0.15	0.33	1.02	1.19	1.36	0.02	3.35	12	13
Cash Income Taxes Paid	0.01	0.14	0.02	0.18	0.22	0.16	0.03	0.28	2.50	0.61	0.55

This table details how cash moves in and out of Trupanion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-16	-14	61	-9.21	32	1.88	-0.90	-22	13	39
Net Cash From Operating Activities	-2.30	1.02	-6.86	-3.41	11	18	2.43	6.86	15	24
Net Cash From Continuing Operating Activities	-2.30	1.02	-6.86	-3.41	11	18	2.43	6.86	15	24
Net Income / (Loss) Continuing Operations	-13	-9.29	-25	-14	-4.04	-2.16	-6.85	-5.86	1.43	1.66
Consolidated Net Income / (Loss)	-13	-9.29	-25	-14	-4.04	-2.16	-6.85	-5.86	1.43	1.66
Depreciation Expense	2.60	2.90	3.20	3.25	2.99	3.03	3.79	4.38	4.38	3.92
Non-Cash Adjustments To Reconcile Net Income	8.75	9.59	12	6.45	6.34	9.78	7.95	8.53	8.21	12
Changes in Operating Assets and Liabilities, net	-0.73	-2.18	2.78	0.61	6.10	6.86	-2.45	-0.19	1.28	5.82
Net Cash From Investing Activities	-12	-31	34	-5.53	-3.30	-17	-2.74	-28	-1.46	18
Net Cash From Continuing Investing Activities	-12	-31	34	-5.53	-3.30	-17	-2.74	-28	-1.46	18
Purchase of Property, Plant & Equipment	-4.13	-5.48	-5.18	-4.74	-4.39	-3.97	-3.07	-2.88	-1.91	-1.86
Purchase of Investments	-78	-147	-35	-45	-29	-57	-19	-62	-26	-26
Sale and/or Maturity of Investments	73	135	74	44	30	43	19	37	26	46
Other Investing Activities, net	0.07	-0.17	0.10	0.48	0.84	0.17	0.52	0.55	0.49	0.55
Net Cash From Financing Activities	-0.71	15	34	-0.09	25	0.57	-0.29	-0.96	-1.04	-1.67
Net Cash From Continuing Financing Activities	-0.71	15	34	-0.09	25	0.27	-0.29	-0.96	-1.04	-1.67
Repayment of Debt	-0.15	-0.27	-0.61	-0.44	-0.19	-0.87	-0.41	-0.71	-0.50	-0.57
Other Financing Activities, net	-0.44	0.13	-0.71	0.34	0.36	1.13	0.13	-0.24	-0.54	-1.11
Effect of Exchange Rate Changes	-1.27	0.51	0.26	-0.18	-0.91	1.25	-0.31	-0.15	0.48	-1.90

This table presents Trupanion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	98	71	82	106	208	257	498	563	672	783	807
Total Current Assets	85	54	65	87	118	159	337	391	469	562	597
Cash & Equivalents	53	18	24	26	27	29	140	87	66	148	160
Short-Term Investments	22	25	30	38	55	70	90	126	157	130	147
Accounts Receivable	7.89	8.20	10	20	32	54	99	165	232	268	274
Prepaid Expenses	1.30	2.19	2.06	2.90	5.30	5.51	8.22	12	14	17	16
Plant, Property, & Equipment, net	7.86	9.72	8.46	7.87	70	70	73	78	91	104	102
Total Noncurrent Assets	5.79	7.57	8.49	11	20	28	89	94	112	117	107
Long-Term Investments	0.94	2.69	2.85	3.24	3.55	4.32	5.57	7.06	7.84	13	0.37
Goodwill	-	-	-	-	-	0.00	33	33	42	44	37
Intangible Assets	4.85	4.85	4.91	4.97	8.07	7.73	27	23	24	19	13
Other Noncurrent Operating Assets	0.00	0.02	0.73	3.22	8.11	16	23	31	38	42	57
Total Liabilities & Shareholders' Equity	98	71	82	106	208	257	498	563	672	783	807
Total Liabilities	39	26	38	57	78	120	158	230	366	479	484
Total Current Liabilities	23	24	30	46	63	92	150	224	290	344	350
Short-Term Debt	-	-	-	-	-	-	-	-	1.10	1.35	1.35
Accounts Payable	1.96	1.29	2.01	2.72	2.77	4.09	6.06	8.95	9.47	11	12
Accrued Expenses	4.61	4.19	5.42	7.66	11	14	23	28	33	34	33
Current Deferred Revenue	9.35	11	13	23	33	53	93	147	203	235	252
Other Current Liabilities	6.51	6.93	9.52	13	16	21	29	40	44	63	52
Total Noncurrent Liabilities	16	1.94	7.22	12	15	29	7.91	6.69	77	135	134
Long-Term Debt	15	0.00	4.77	9.32	13	26	-	-	68	128	128
Noncurrent Deferred & Payable Income Tax Liabilities	1.50	1.43	1.62	1.00	1.00	1.12	4.71	2.83	3.39	2.69	1.95
Other Noncurrent Operating Liabilities	0.09	0.51	0.83	1.23	1.27	1.61	3.21	3.86	4.97	4.49	4.48
Total Equity & Noncontrolling Interests	59	45	45	48	129	137	340	332	305	304	323
Total Preferred & Common Equity	59	45	45	48	129	137	340	332	305	304	323
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	59	45	45	48	129	137	340	332	305	304	323
Common Stock	119	123	130	135	220	233	439	467	500	536	568
Retained Earnings	-57	-74	-81	-83	-84	-86	-91	-127	-172	-216	-226
Treasury Stock	-2.60	-2.60	-3.20	-3.20	-6.20	-11	-11	-11	-17	-17	-17
Accumulated Other Comprehensive Income / (Loss)	0.01	-0.50	-0.38	-0.09	-0.75	0.25	3.07	3.08	-6.30	0.40	-2.61

This table presents Trupanion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	648	718	730	772	789	796	816
Total Current Assets	422	510	521	561	571	579	600
Cash & Equivalents	86	127	118	150	146	124	137
Short-Term Investments	97	118	118	116	129	153	156
Accounts Receivable	224	248	266	278	278	286	290
Prepaid Expenses	15	17	19	17	17	16	17
Plant, Property, & Equipment, net	87	94	98	101	104	104	103
Total Noncurrent Assets	139	113	112	110	114	113	114
Long-Term Investments	55	8.44	9.82	11	13	14	14
Goodwill	30	43	44	42	43	43	45
Intangible Assets	19	23	22	20	17	16	15
Other Noncurrent Operating Assets	35	39	36	37	41	40	39
Total Liabilities & Shareholders' Equity	648	718	730	772	789	796	816
Total Liabilities	342	423	441	483	486	490	496
Total Current Liabilities	281	312	331	348	352	356	362
Short-Term Debt	0.60	1.26	1.10	1.35	1.35	1.35	1.35
Accounts Payable	7.63	7.38	6.92	8.97	8.35	6.63	10
Accrued Expenses	31	30	30	29	30	35	33
Current Deferred Revenue	203	226	237	247	249	253	260
Other Current Liabilities	40	48	56	61	62	61	57
Total Noncurrent Liabilities	61	111	111	135	135	134	134
Long-Term Debt	54	103	103	128	127	128	128
Noncurrent Deferred & Payable Income Tax Liabilities	2.60	3.13	2.94	2.58	2.40	2.24	2.17
Other Noncurrent Operating Liabilities	4.61	5.02	4.90	4.82	4.63	4.50	4.38
Total Equity & Noncontrolling Interests	306	295	289	289	303	306	320
Total Preferred & Common Equity	306	295	289	289	303	306	320
Preferred Stock	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	306	295	289	289	303	306	320
Common Stock	491	512	519	527	545	553	561
Retained Earnings	-162	-196	-210	-214	-223	-229	-228
Treasury Stock	-17	-17	-17	-17	-17	-17	-17
Accumulated Other Comprehensive Income / (Loss)	-6.02	-4.26	-4.10	-7.11	-1.58	-1.77	3.24

This table displays calculated financial ratios and metrics derived from Trupanion's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.27%	26.79%	28.08%	28.92%	25.26%	26.31%	30.76%	39.23%	29.50%	22.47%	15.97%
EBITDA Growth	-15.81%	-83.51%	80.36%	201.43%	68.53%	11.83%	-46.62%	-914.84%	-24.87%	29.39%	204.11%
EBIT Growth	-88.80%	-15.96%	60.40%	78.95%	118.88%	-210.23%	-1,350.17%	-734.03%	-13.45%	17.46%	114.75%
NOPAT Growth	-128.21%	-5.21%	60.07%	60.56%	60.45%	-83.73%	-150.05%	-633.10%	-22.18%	5.45%	76.60%
Net Income Growth	-159.05%	18.76%	59.92%	78.20%	38.32%	-95.15%	-222.83%	-508.39%	-25.73%	-0.05%	78.45%
EPS Growth	73.68%	62.20%	100.00%	0.00%	0.00%	0.00%	-220.00%	-456.25%	-23.60%	1.82%	78.70%
Operating Cash Flow Growth	-955.82%	3.48%	148.02%	93.09%	-231.18%	227.42%	33.34%	-65.38%	-207.27%	332.98%	159.08%
Free Cash Flow Firm Growth	-844.39%	16.03%	109.78%	-73.24%	-19,174.87%	94.62%	-1,244.75%	34.40%	-98.16%	57.73%	68.24%
Invested Capital Growth	68.22%	74.24%	-1,041.49%	-33.46%	753.79%	3.93%	75.49%	6.78%	29.34%	-1.31%	1.25%
Revenue Q/Q Growth	0.00%	6.01%	6.29%	6.68%	5.59%	6.33%	8.00%	7.99%	6.05%	4.71%	3.33%
EBITDA Q/Q Growth	0.00%	9.82%	39.38%	10.66%	53.18%	20.73%	-52.38%	-12.17%	-5.84%	31.70%	25.64%
EBIT Q/Q Growth	0.00%	6.92%	16.67%	25.48%	128.30%	79.49%	-7,303.51%	-9.28%	-4.52%	22.15%	246.40%
NOPAT Q/Q Growth	0.00%	6.56%	16.53%	15.70%	47.98%	30.21%	-326.76%	-8.38%	-8.73%	19.14%	-0.63%
Net Income Q/Q Growth	0.00%	6.90%	15.63%	37.06%	37.79%	33.49%	-243.13%	-11.07%	-5.29%	13.75%	28.39%
EPS Q/Q Growth	0.00%	-116.67%	100.00%	-100.00%	0.00%	0.00%	-433.33%	-9.88%	-4.76%	14.29%	28.13%
Operating Cash Flow Q/Q Growth	-11.85%	-220.28%	123.00%	8,505.22%	-272.78%	102.95%	-2.57%	19.02%	-107.09%	766.88%	14.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	153.67%	-83.63%	-0.50%	-242.04%	-1,840.27%	58.89%	-37.66%	51.17%	-14.61%
Invested Capital Q/Q Growth	0.00%	-185.15%	-94.70%	-13.77%	-0.09%	12.57%	111.82%	7.59%	18.61%	1.11%	1.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.15%	17.17%	17.68%	17.74%	16.90%	16.91%	16.31%	14.93%	13.50%	11.82%	13.91%
EBITDA Margin	-6.69%	-9.68%	-1.48%	1.17%	1.57%	1.39%	0.57%	-3.32%	-3.20%	-1.85%	1.66%
Operating Margin	-13.76%	-11.41%	-3.56%	-1.09%	-0.34%	-0.50%	-0.96%	-5.04%	-4.75%	-3.67%	-0.74%
EBIT Margin	-12.47%	-11.41%	-3.53%	-0.58%	0.09%	-0.08%	-0.84%	-5.04%	-4.41%	-2.97%	0.38%
Profit (Net Income) Margin	-18.27%	-11.71%	-3.66%	-0.62%	-0.31%	-0.47%	-1.16%	-5.08%	-4.94%	-4.03%	-0.75%
Tax Burden Percent	99.97%	100.67%	100.55%	77.84%	99.25%	110.30%	101.97%	100.88%	101.08%	99.24%	99.95%
Interest Burden Percent	146.52%	101.94%	103.28%	138.13%	-353.79%	563.57%	135.71%	100.07%	110.69%	136.64%	-198.31%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-3.01%	-2.30%	-4.09%	-22.77%	-23.50%	-19.83%	-4.64%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-2.71%	-1.67%	-2.51%	-17.99%	-15.85%	-9.74%	-2.89%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	1.97%	0.94%	1.64%	12.20%	9.48%	5.15%	1.57%
Return on Equity (ROE)	-73.02%	-32.89%	-15.31%	-3.23%	-1.04%	-1.36%	-2.45%	-10.57%	-14.01%	-14.68%	-3.07%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-116.57%	-6.15%	-58.90%	-29.33%	-49.08%	-18.51%	-5.88%
Operating Return on Assets (OROA)	-19.28%	-19.82%	-8.66%	-1.49%	0.17%	-0.13%	-1.12%	-6.64%	-6.47%	-4.53%	0.61%
Return on Assets (ROA)	-28.24%	-20.33%	-9.00%	-1.60%	-0.59%	-0.78%	-1.55%	-6.70%	-7.24%	-6.15%	-1.21%
Return on Common Equity (ROCE)	-33.08%	-32.89%	-15.31%	-3.23%	-1.04%	-1.36%	-2.45%	-10.57%	-14.01%	-14.68%	-3.07%
Return on Equity Simple (ROE_SIMPLE)	-35.73%	-37.93%	-15.42%	-3.10%	-0.72%	-1.32%	-1.72%	-10.70%	-14.63%	-14.72%	-2.98%
Net Operating Profit after Tax (NOPAT)	-11	-12	-4.69	-1.85	-0.73	-1.34	-3.36	-25	-30	-28	-6.66
NOPAT Margin	-9.63%	-7.99%	-2.49%	-0.76%	-0.24%	-0.35%	-0.67%	-3.52%	-3.33%	-2.57%	-0.52%
Net Nonoperating Expense Percent (NNEP)	-29.78%	-10.17%	-4.54%	0.64%	-0.30%	-0.62%	-1.59%	-4.78%	-7.64%	-10.09%	-1.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-8.03%	-6.58%	-1.47%
Cost of Revenue to Revenue	82.85%	82.83%	82.32%	82.26%	83.10%	83.09%	83.69%	85.07%	86.50%	88.18%	86.09%
SG&A Expenses to Revenue	12.35%	10.59%	8.08%	6.93%	5.63%	4.79%	4.35%	4.56%	4.35%	5.43%	4.96%
R&D to Revenue	8.54%	7.63%	5.07%	4.03%	1.91%	1.83%	1.98%	2.41%	2.78%	1.93%	2.43%
Operating Expenses to Revenue	30.90%	28.58%	21.24%	18.83%	17.24%	17.41%	17.27%	19.96%	18.22%	15.47%	14.65%
Earnings before Interest and Taxes (EBIT)	-14	-17	-6.64	-1.40	0.26	-0.29	-4.22	-35	-40	-33	4.86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.75	-14	-2.79	2.83	4.78	5.34	2.85	-23	-29	-20	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.25	6.08	10.15	18.15	6.59	9.57	12.53	16.04	6.36	4.17	6.31
Price to Tangible Book Value (P/TBV)	3.54	6.81	11.41	20.23	7.03	10.15	15.22	19.25	8.12	5.25	7.47
Price to Revenue (P/Rev)	1.66	1.88	2.41	3.62	2.80	3.41	8.48	7.63	2.15	1.14	1.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	13.58	20.66	38.46	45.73	12.33	7.76	12.90
Enterprise Value to Revenue (EV/Rev)	1.13	1.56	2.14	3.39	2.56	3.21	8.02	7.31	1.97	1.00	1.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	290.07	163.12	230.67	1,411.37	0.00	0.00	0.00	87.32
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	2,951.02	0.00	0.00	0.00	0.00	0.00	383.15
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	80.45	85.05	0.00	76.25	186.77	685.08	0.00	59.36	38.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	307.33	2,344.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.00	0.11	0.19	0.10	0.19	0.00	0.00	0.23	0.42	0.40
Long-Term Debt to Equity	0.25	0.00	0.11	0.19	0.10	0.19	0.00	0.00	0.22	0.42	0.39
Financial Leverage	-1.16	-1.03	-1.08	-1.16	-0.73	-0.56	-0.66	-0.68	-0.60	-0.53	-0.54
Leverage Ratio	2.59	1.62	1.70	2.02	1.76	1.75	1.58	1.58	1.94	2.39	2.54
Compound Leverage Factor	3.79	1.65	1.76	2.79	-6.24	9.85	2.15	1.58	2.14	3.26	-5.03
Debt to Total Capital	20.09%	0.00%	9.63%	16.14%	9.06%	16.02%	0.00%	0.00%	18.53%	29.80%	28.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.31%	0.30%
Long-Term Debt to Total Capital	20.09%	0.00%	9.63%	16.14%	9.06%	16.02%	0.00%	0.00%	18.24%	29.49%	28.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.91%	100.00%	90.37%	83.86%	90.94%	83.98%	100.00%	100.00%	81.47%	70.20%	71.50%
Debt to EBITDA	-1.92	0.00	-1.71	3.29	2.69	4.88	0.00	0.00	-2.39	-6.29	6.04
Net Debt to EBITDA	7.94	0.00	18.36	-20.19	-15.03	-14.44	0.00	0.00	5.54	7.86	-8.39
Long-Term Debt to EBITDA	-1.92	0.00	-1.71	3.29	2.69	4.88	0.00	0.00	-2.36	-6.23	5.98
Debt to NOPAT	-1.33	0.00	-1.02	-5.04	-17.58	-19.41	0.00	0.00	-2.31	-4.53	-19.35
Net Debt to NOPAT	5.51	0.00	10.94	30.93	98.16	57.39	0.00	0.00	5.34	5.66	26.86
Long-Term Debt to NOPAT	-1.33	0.00	-1.02	-5.04	-17.58	-19.41	0.00	0.00	-2.27	-4.48	-19.15
Altman Z-Score	3.60	6.80	8.39	10.80	7.74	7.86	17.31	14.96	4.30	2.81	4.12
Noncontrolling Interest Sharing Ratio	54.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.76	2.27	2.15	1.89	1.87	1.73	2.24	1.75	1.62	1.63	1.71
Quick Ratio	3.70	2.18	2.08	1.82	1.78	1.67	2.19	1.69	1.57	1.58	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-16	-13	1.31	0.35	-67	-3.60	-48	-32	-63	-27	-8.44
Operating Cash Flow to CapEx	-191.75%	-213.02%	257.91%	308.72%	-22.27%	300.71%	289.14%	60.36%	-46.82%	101.96%	496.98%
Free Cash Flow to Firm to Interest Expense	-2.37	-41.24	6.01	0.66	-55.82	-2.67	-35.03	-3,173.12	-14.74	-2.20	-0.58
Operating Cash Flow to Interest Expense	-1.61	-32.08	22.96	18.14	-10.58	11.98	15.60	745.80	-1.87	1.54	3.33
Operating Cash Flow Less CapEx to Interest Expense	-2.44	-47.14	14.06	12.26	-58.11	7.99	10.20	-489.70	-5.88	0.03	2.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.55	1.74	2.46	2.58	1.94	1.65	1.33	1.32	1.47	1.52	1.62
Accounts Receivable Turnover	14.81	18.28	20.56	15.92	11.71	8.93	6.54	5.29	4.55	4.43	4.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	21.10	16.72	20.70	29.72	7.83	5.48	7.02	9.29	10.73	11.41	12.49
Accounts Payable Turnover	59.56	74.89	94.05	84.55	92.14	93.09	82.82	79.23	85.00	97.88	100.46
Days Sales Outstanding (DSO)	24.65	19.97	17.76	22.93	31.18	40.87	55.79	69.00	80.17	82.37	76.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.13	4.87	3.88	4.32	3.96	3.92	4.41	4.61	4.29	3.73	3.63
Cash Conversion Cycle (CCC)	18.52	15.10	13.88	18.61	27.22	36.95	51.38	64.39	75.88	78.64	73.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2.24	-0.58	-6.58	-8.78	57	60	105	112	145	143	144
Invested Capital Turnover	-25.00	-104.53	-52.64	-31.62	12.51	6.56	6.11	6.46	7.07	7.72	8.96
Increase / (Decrease) in Invested Capital	4.80	1.66	-6.00	-2.20	66	2.25	45	7.09	33	-1.89	1.78
Enterprise Value (EV)	131	230	403	822	779	1,232	4,024	5,109	1,782	1,106	1,862
Market Capitalization	193	276	454	879	851	1,309	4,259	5,330	1,943	1,268	2,041
Book Value per Share	$2.13	$1.61	$1.53	$1.61	$3.87	$3.91	$9.55	$8.23	$7.47	$7.31	$7.63
Tangible Book Value per Share	$1.96	$1.43	$1.36	$1.45	$3.62	$3.69	$7.86	$6.86	$5.85	$5.81	$6.45
Total Capital	74	45	49	58	142	163	340	332	375	433	452
Total Debt	15	0.00	4.77	9.32	13	26	0.00	0.00	69	129	129
Total Long-Term Debt	15	0.00	4.77	9.32	13	26	0.00	0.00	68	128	128
Net Debt	-62	-46	-51	-57	-72	-77	-235	-220	-161	-161	-179
Capital Expenditures (CapEx)	5.63	4.89	1.94	3.13	57	5.37	7.45	12	17	18	9.72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13	-13	-18	-23	-26	-32	-43	-46	-42	-58	-58
Debt-free Net Working Capital (DFNWC)	62	30	35	41	55	67	187	167	181	219	249
Net Working Capital (NWC)	62	30	35	41	55	67	187	167	179	218	248
Net Nonoperating Expense (NNE)	10	5.46	2.21	-0.35	0.20	0.47	2.48	11	15	16	2.97
Net Nonoperating Obligations (NNO)	-62	-46	-51	-57	-72	-77	-235	-220	-161	-161	-179
Total Depreciation and Amortization (D&A)	6.71	2.54	3.85	4.23	4.51	5.63	7.07	12	11	12	16
Debt-free, Cash-free Net Working Capital to Revenue	-11.52%	-9.00%	-9.68%	-9.31%	-8.67%	-8.26%	-8.59%	-6.60%	-4.62%	-5.25%	-4.54%
Debt-free Net Working Capital to Revenue	53.59%	20.42%	18.58%	16.77%	18.02%	17.50%	37.17%	23.93%	19.95%	19.75%	19.37%
Net Working Capital to Revenue	53.59%	20.42%	18.58%	16.77%	18.02%	17.50%	37.17%	23.93%	19.83%	19.63%	19.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.64)	$0.00	$0.00	$0.00	$0.00	($0.05)	($0.16)	($0.89)	($1.10)	($1.08)	($0.23)
Adjusted Weighted Average Basic Shares Outstanding	27.83M	0.00	0.00	0.00	0.00	34.96M	78.95M	81.01M	40.77M	41.44M	42.16M
Adjusted Diluted Earnings per Share	($1.64)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.89)	($1.10)	($1.08)	($0.23)
Adjusted Weighted Average Diluted Shares Outstanding	27.83M	0.00	0.00	0.00	0.00	0.00	0.00	81.01M	40.77M	41.44M	42.16M
Adjusted Basic & Diluted Earnings per Share	($1.64)	$0.00	$0.00	$0.00	$0.00	($0.05)	($0.16)	($0.89)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.93M	0.00	0.00	0.00	0.00	34.65M	35.86M	40.14M	82.04M	83.63M	42.49M
Normalized Net Operating Profit after Tax (NOPAT)	-11	-12	-4.69	-1.85	-0.73	-1.34	-3.36	-25	-30	-28	-2.95
Normalized NOPAT Margin	-9.63%	-7.99%	-2.49%	-0.76%	-0.24%	-0.35%	-0.67%	-3.52%	-3.33%	-2.57%	-0.23%
Pre Tax Income Margin	-18.28%	-11.63%	-3.64%	-0.80%	-0.31%	-0.43%	-1.14%	-5.04%	-4.88%	-4.06%	-0.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.15	-51.59	-30.46	-2.62	0.22	-0.22	-3.06	-3,519.60	-9.36	-2.73	0.34
NOPAT to Interest Expense	-1.66	-36.13	-21.51	-3.47	-0.61	-1.00	-2.43	-2,463.72	-7.05	-2.36	-0.46
EBIT Less CapEx to Interest Expense	-2.99	-66.65	-39.36	-8.50	-47.31	-4.20	-8.45	-4,755.10	-13.36	-4.24	-0.33
NOPAT Less CapEx to Interest Expense	-2.50	-51.19	-30.41	-9.34	-48.14	-4.98	-7.83	-3,699.22	-11.06	-3.87	-1.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.88%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Trupanion's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.68%	26.56%	24.43%	23.31%	22.28%	20.26%	19.43%	16.35%	14.55%	14.01%
EBITDA Growth	-100.86%	-49.80%	-218.63%	20.00%	123.35%	197.45%	102.53%	127.39%	392.11%	92.73%
EBIT Growth	-54.40%	-28.87%	-156.64%	11.24%	90.68%	121.57%	85.41%	79.56%	615.01%	207.75%
NOPAT Growth	-65.45%	-59.93%	-168.66%	-2.50%	70.66%	104.43%	74.94%	58.20%	169.55%	19.12%
Net Income Growth	-89.38%	-31.85%	-179.84%	-0.70%	68.75%	76.70%	72.35%	57.26%	135.31%	176.56%
EPS Growth	-88.24%	-27.78%	-172.73%	0.00%	68.75%	78.26%	73.33%	57.58%	130.00%	180.00%
Operating Cash Flow Growth	-136.94%	-80.24%	-91.14%	-8.79%	595.78%	1,618.06%	135.47%	301.35%	34.19%	35.39%
Free Cash Flow Firm Growth	55.75%	-252.52%	-175.42%	-103.24%	17.70%	105.54%	94.95%	99.09%	104.40%	-166.30%
Invested Capital Growth	17.33%	29.34%	25.40%	24.25%	15.78%	-1.31%	-1.33%	-2.37%	0.53%	1.25%
Revenue Q/Q Growth	6.54%	5.24%	4.20%	5.55%	5.65%	3.50%	3.47%	2.84%	4.02%	3.01%
EBITDA Q/Q Growth	13.29%	42.73%	-302.45%	59.97%	125.31%	138.95%	-89.54%	332.79%	354.82%	-6.41%
EBIT Q/Q Growth	11.25%	29.95%	-192.80%	51.24%	90.68%	262.18%	-297.96%	31.66%	334.74%	-3.08%
NOPAT Q/Q Growth	6.83%	22.54%	-165.66%	46.54%	73.33%	111.69%	-1,604.17%	10.85%	144.38%	-79.98%
Net Income Q/Q Growth	5.17%	28.10%	-166.88%	44.66%	70.57%	46.41%	-216.78%	14.45%	124.31%	16.21%
EPS Q/Q Growth	3.03%	28.13%	-160.87%	45.00%	69.70%	50.00%	-220.00%	12.50%	121.43%	33.33%
Operating Cash Flow Q/Q Growth	26.55%	144.32%	-773.41%	50.38%	434.74%	53.60%	-86.10%	181.68%	123.09%	54.97%
Free Cash Flow Firm Q/Q Growth	-41.39%	-49.03%	-19.04%	18.97%	42.74%	110.02%	-208.63%	85.34%	375.81%	-251.00%
Invested Capital Q/Q Growth	3.04%	18.61%	1.00%	0.66%	-3.98%	1.11%	0.97%	-0.40%	-1.13%	1.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.86%	13.68%	10.28%	10.86%	12.33%	13.54%	11.83%	12.79%	15.08%	15.69%
EBITDA Margin	-3.60%	-1.96%	-7.56%	-2.87%	0.69%	1.59%	0.16%	0.68%	2.95%	2.68%
Operating Margin	-5.09%	-3.75%	-9.55%	-4.84%	-1.22%	0.14%	-2.00%	-1.74%	0.53%	0.10%
EBIT Margin	-4.71%	-3.14%	-8.81%	-4.07%	-0.36%	0.56%	-1.08%	-0.72%	1.61%	1.52%
Profit (Net Income) Margin	-5.52%	-3.77%	-9.67%	-5.07%	-1.41%	-0.73%	-2.24%	-1.86%	0.44%	0.49%
Tax Burden Percent	103.99%	99.84%	99.24%	98.29%	98.95%	106.39%	99.45%	99.26%	97.34%	97.76%
Interest Burden Percent	112.79%	120.58%	110.57%	126.70%	397.56%	-122.18%	209.17%	262.37%	27.71%	33.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.66%	2.24%
Return on Invested Capital (ROIC)	-26.95%	-18.53%	-48.71%	-25.72%	-6.89%	0.75%	-11.21%	-10.08%	4.57%	0.90%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.73%	-17.04%	-44.48%	-23.03%	-5.93%	2.27%	-9.55%	-8.74%	4.73%	0.13%
Return on Net Nonoperating Assets (RNNOA)	15.98%	10.19%	25.76%	12.91%	3.31%	-1.20%	4.92%	4.47%	-2.54%	-0.07%
Return on Equity (ROE)	-10.98%	-8.34%	-22.95%	-12.81%	-3.58%	-0.45%	-6.29%	-5.60%	2.03%	0.83%
Cash Return on Invested Capital (CROIC)	-40.48%	-49.08%	-53.69%	-52.62%	-41.40%	-18.51%	-9.44%	-4.68%	-5.21%	-5.88%
Operating Return on Assets (OROA)	-6.71%	-4.60%	-12.45%	-6.00%	-0.54%	0.86%	-1.65%	-1.13%	2.53%	2.46%
Return on Assets (ROA)	-7.87%	-5.54%	-13.66%	-7.47%	-2.11%	-1.11%	-3.44%	-2.93%	0.68%	0.79%
Return on Common Equity (ROCE)	-10.98%	-8.34%	-22.95%	-12.81%	-3.58%	-0.45%	-6.29%	-5.60%	2.03%	0.83%
Return on Equity Simple (ROE_SIMPLE)	-13.88%	0.00%	-20.55%	-21.02%	-17.90%	0.00%	-8.82%	-6.18%	-4.20%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.33	-6.45	-17	-9.16	-2.44	0.29	-4.30	-3.83	1.70	0.34
NOPAT Margin	-3.56%	-2.62%	-6.69%	-3.39%	-0.85%	0.10%	-1.40%	-1.22%	0.52%	0.10%
Net Nonoperating Expense Percent (NNEP)	-2.23%	-1.49%	-4.23%	-2.69%	-0.96%	-1.52%	-1.66%	-1.34%	-0.17%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.72%	-	-	-	0.07%	-	-	-	0.08%
Cost of Revenue to Revenue	87.14%	86.32%	89.72%	89.14%	87.67%	86.46%	88.17%	87.21%	84.92%	84.31%
SG&A Expenses to Revenue	4.41%	4.26%	8.20%	4.86%	4.43%	4.53%	4.79%	4.85%	5.18%	4.99%
R&D to Revenue	2.80%	2.83%	1.91%	1.93%	1.85%	2.02%	2.27%	2.60%	2.42%	2.42%
Operating Expenses to Revenue	17.95%	17.32%	19.83%	15.69%	13.55%	13.33%	13.84%	14.53%	14.55%	15.59%
Earnings before Interest and Taxes (EBIT)	-11	-7.71	-23	-11	-1.03	1.66	-3.29	-2.25	5.28	5.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.41	-4.82	-19	-7.76	1.96	4.69	0.49	2.13	9.67	9.05
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.92	6.36	5.97	2.81	4.03	4.17	3.78	4.04	5.53	6.31
Price to Tangible Book Value (P/TBV)	9.43	8.12	7.69	3.63	5.12	5.25	4.72	5.00	6.81	7.47
Price to Revenue (P/Rev)	2.84	2.15	1.84	0.81	1.10	1.14	0.99	1.03	1.42	1.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	18.37	12.33	11.03	4.56	7.22	7.76	6.86	7.48	11.22	12.90
Enterprise Value to Revenue (EV/Rev)	2.62	1.97	1.69	0.67	0.96	1.00	0.85	0.89	1.28	1.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	115.71	93.77	87.32
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,134.47	383.15
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	473.62	59.36	35.36	28.09	37.81	38.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.23	0.35	0.36	0.45	0.42	0.42	0.42	0.40	0.40
Long-Term Debt to Equity	0.18	0.22	0.35	0.36	0.44	0.42	0.42	0.42	0.40	0.39
Financial Leverage	-0.65	-0.60	-0.58	-0.56	-0.56	-0.53	-0.52	-0.51	-0.54	-0.54
Leverage Ratio	1.88	1.94	2.17	2.26	2.39	2.39	2.52	2.57	2.61	2.54
Compound Leverage Factor	2.12	2.33	2.40	2.87	9.48	-2.92	5.27	6.73	0.72	0.84
Debt to Total Capital	15.05%	18.53%	26.11%	26.49%	30.82%	29.80%	29.81%	29.65%	28.70%	28.51%
Short-Term Debt to Total Capital	0.17%	0.29%	0.32%	0.28%	0.32%	0.31%	0.31%	0.31%	0.30%	0.30%
Long-Term Debt to Total Capital	14.88%	18.24%	25.80%	26.21%	30.49%	29.49%	29.50%	29.34%	28.40%	28.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.95%	81.47%	73.89%	73.51%	69.18%	70.20%	70.19%	70.35%	71.30%	71.50%
Debt to EBITDA	-1.98	-2.39	-2.46	-2.58	-4.30	-6.29	-210.85	13.90	7.59	6.04
Net Debt to EBITDA	6.71	5.54	3.52	3.51	4.95	7.86	260.82	-17.52	-10.51	-8.39
Long-Term Debt to EBITDA	-1.95	-2.36	-2.43	-2.55	-4.25	-6.23	-208.64	13.76	7.51	5.98
Debt to NOPAT	-1.96	-2.31	-2.55	-2.53	-3.66	-4.53	-8.25	-12.54	-19.48	-19.35
Net Debt to NOPAT	6.64	5.34	3.64	3.45	4.22	5.66	10.20	15.79	26.95	26.86
Long-Term Debt to NOPAT	-1.93	-2.27	-2.52	-2.51	-3.62	-4.48	-8.16	-12.40	-19.27	-19.15
Altman Z-Score	5.42	4.46	3.67	2.34	2.76	2.96	2.81	2.95	3.65	4.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.62	1.64	1.57	1.61	1.63	1.62	1.63	1.66	1.71
Quick Ratio	1.45	1.57	1.58	1.52	1.56	1.58	1.57	1.58	1.61	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	-39	-47	-38	-22	2.17	-2.36	-0.35	0.95	-1.44
Operating Cash Flow to CapEx	-55.65%	18.60%	-132.37%	-71.91%	259.58%	440.98%	79.41%	238.06%	799.53%	1,275.67%
Free Cash Flow to Firm to Interest Expense	-18.69	-24.72	-19.56	-12.87	-7.10	0.59	-0.66	-0.09	0.25	-0.42
Operating Cash Flow to Interest Expense	-1.63	0.64	-2.87	-1.16	3.73	4.74	0.68	1.88	4.00	6.92
Operating Cash Flow Less CapEx to Interest Expense	-4.57	-2.81	-5.05	-2.77	2.30	3.66	-0.18	1.09	3.50	6.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.47	1.41	1.47	1.49	1.52	1.54	1.58	1.57	1.62
Accounts Receivable Turnover	4.47	4.55	4.37	4.28	4.22	4.43	4.40	4.36	4.38	4.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.51	10.73	10.93	11.12	11.28	11.41	11.65	11.91	12.22	12.49
Accounts Payable Turnover	104.11	85.00	127.00	132.47	112.59	97.88	129.35	155.13	112.89	100.46
Days Sales Outstanding (DSO)	81.68	80.17	83.52	85.19	86.53	82.37	82.98	83.70	83.27	76.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.51	4.29	2.87	2.76	3.24	3.73	2.82	2.35	3.23	3.63
Cash Conversion Cycle (CCC)	78.18	75.88	80.65	82.43	83.29	78.64	80.16	81.35	80.04	73.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	122	145	146	147	141	143	144	143	142	144
Invested Capital Turnover	7.56	7.07	7.28	7.59	8.05	7.72	7.99	8.28	8.80	8.96
Increase / (Decrease) in Invested Capital	18	33	30	29	19	-1.89	-1.94	-3.48	0.75	1.78
Enterprise Value (EV)	2,238	1,782	1,610	669	1,018	1,106	988	1,073	1,592	1,862
Market Capitalization	2,422	1,943	1,759	811	1,167	1,268	1,147	1,235	1,770	2,041
Book Value per Share	$7.50	$7.47	$7.19	$7.00	$7.00	$7.31	$7.24	$7.28	$7.59	$7.63
Tangible Book Value per Share	$6.30	$5.85	$5.58	$5.42	$5.50	$5.81	$5.80	$5.88	$6.17	$6.45
Total Capital	360	375	399	393	418	433	432	435	449	452
Total Debt	54	69	104	104	129	129	129	129	129	129
Total Long-Term Debt	54	68	103	103	128	128	127	128	128	128
Net Debt	-184	-161	-149	-142	-148	-161	-159	-162	-178	-179
Capital Expenditures (CapEx)	4.13	5.48	5.18	4.74	4.39	3.97	3.07	2.88	1.91	1.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-42	-42	-45	-45	-51	-58	-55	-53	-54	-58
Debt-free Net Working Capital (DFNWC)	141	181	200	191	215	219	221	224	239	249
Net Working Capital (NWC)	140	179	198	190	214	218	219	223	238	248
Net Nonoperating Expense (NNE)	4.58	2.83	7.64	4.55	1.59	2.45	2.56	2.03	0.27	-1.32
Net Nonoperating Obligations (NNO)	-184	-161	-149	-142	-148	-161	-159	-162	-178	-179
Total Depreciation and Amortization (D&A)	2.60	2.90	3.20	3.25	2.99	3.03	3.79	4.38	4.38	3.92
Debt-free, Cash-free Net Working Capital to Revenue	-4.91%	-4.62%	-4.71%	-4.47%	-4.81%	-5.25%	-4.72%	-4.39%	-4.34%	-4.54%
Debt-free Net Working Capital to Revenue	16.52%	19.95%	20.89%	18.98%	20.30%	19.75%	19.04%	18.66%	19.21%	19.37%
Net Working Capital to Revenue	16.45%	19.83%	20.76%	18.87%	20.18%	19.63%	18.92%	18.55%	19.11%	19.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.32)	($0.23)	($0.60)	($0.33)	($0.10)	($0.05)	($0.16)	($0.14)	$0.03	$0.04
Adjusted Weighted Average Basic Shares Outstanding	40.80M	40.77M	41.11M	41.38M	41.54M	41.44M	41.92M	42.08M	42.23M	42.16M
Adjusted Diluted Earnings per Share	($0.32)	($0.23)	($0.60)	($0.33)	($0.10)	($0.05)	($0.16)	($0.14)	$0.03	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	40.80M	40.77M	41.11M	41.38M	41.54M	41.44M	41.92M	42.08M	42.82M	42.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.88M	82.04M	41.23M	41.37M	41.55M	83.63M	42.02M	42.16M	42.34M	42.49M
Normalized Net Operating Profit after Tax (NOPAT)	-8.33	-6.45	-17	-9.16	-2.44	0.29	-4.30	-3.83	1.70	0.34
Normalized NOPAT Margin	-3.56%	-2.62%	-6.69%	-3.39%	-0.85%	0.10%	-1.40%	-1.22%	0.52%	0.10%
Pre Tax Income Margin	-5.31%	-3.78%	-9.74%	-5.16%	-1.43%	-0.69%	-2.25%	-1.88%	0.45%	0.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-7.82	-4.86	-9.46	-3.75	-0.34	0.45	-0.92	-0.62	1.38	1.49
NOPAT to Interest Expense	-5.92	-4.07	-7.18	-3.12	-0.80	0.08	-1.19	-1.05	0.44	0.10
EBIT Less CapEx to Interest Expense	-10.75	-8.31	-11.63	-5.36	-1.77	-0.62	-1.77	-1.40	0.88	0.95
NOPAT Less CapEx to Interest Expense	-8.85	-7.52	-9.35	-4.73	-2.24	-1.00	-2.05	-1.84	-0.06	-0.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-13.56%	-12.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Trupanion's Financials

When does Trupanion's fiscal year end?

According to the most recent income statement we have on file, Trupanion's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Trupanion's net income changed over the last 10 years?

Trupanion's net income appears to be on an upward trend, with a most recent value of -$9.63 million in 2024, falling from -$21.18 million in 2014. The previous period was -$44.69 million in 2023.

What is Trupanion's operating income?

Trupanion's total operating income in 2024 was -$9.51 million, based on the following breakdown:

Total Gross Profit: $178.80 million
Total Operating Expenses: $188.31 million

How has Trupanion revenue changed over the last 10 years?

Over the last 10 years, Trupanion's total revenue changed from $115.91 million in 2014 to $1.29 billion in 2024, a change of 1,009.2%.

How much debt does Trupanion have?

Trupanion's total liabilities were at $483.59 million at the end of 2024, a 0.9% increase from 2023, and a 1,139.0% increase since 2014.

How much cash does Trupanion have?

In the past 10 years, Trupanion's cash and equivalents has ranged from $17.96 million in 2015 to $160.30 million in 2024, and is currently $160.30 million as of their latest financial filing in 2024.

How has Trupanion's book value per share changed over the last 10 years?

Over the last 10 years, Trupanion's book value per share changed from 2.13 in 2014 to 7.63 in 2024, a change of 257.9%.

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This page (NASDAQ:TRUP) was last updated on 4/15/2025 by MarketBeat.com Staff

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Trupanion (TRUP) Financials

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