TRUPANION, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.29B | $1.11B | $905.2M | $699.0M | $502.0M | $383.9M | $304.0M |
| Cost of Revenue | $1.21B | $1.11B | $977.6M | $783.0M | $594.6M | $420.1M | $319.0M | $252.6M |
| Gross Profit | $231.0M | $178.8M | $131.0M | $122.2M | $104.3M | $81.9M | $64.9M | $51.4M |
| Gross Margin | 16.1% | 13.9% | 11.8% | 13.5% | 14.9% | 16.3% | 16.9% | 16.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $76.6M | $63.7M | $60.2M | $39.4M | $31.9M | $21.8M | $18.4M | $17.1M |
| Operating Income | $13.8M | $-9.5M | $-40.7M | $-43.0M | $-35.2M | $-4.9M | $-1.9M | $-1.0M |
| Operating Margin | 1.0% | -0.7% | -3.7% | -4.8% | -5.0% | -1.0% | -0.5% | -0.3% |
| Interest Expense | $13.8M | $14.5M | $12.1M | $4.3M | $10.0K | $1.4M | $1.3M | $1.2M |
| Pretax Income | $22.0M | $-9.6M | $-45.0M | $-44.2M | $-35.2M | $-5.7M | $-1.6M | $-934.0K |
| Income Tax Expense | $2.6M | $-5.0K | $-342.0K | $476.0K | $310.0K | $113.0K | $169.0K | $-7.0K |
| Net Income | $19.4M | $-9.6M | $-44.7M | $-44.7M | $-35.5M | $-5.8M | $-1.8M | $-927.0K |
| Net Margin | 1.4% | -0.7% | -4.0% | -4.9% | -5.1% | -1.2% | -0.5% | -0.3% |
| EPS (Basic) | $0.45 | $-0.23 | $-1.08 | $-1.10 | $-0.89 | $-0.16 | $-0.05 | $-0.03 |
| EPS (Diluted) | $0.45 | $-0.23 | $-1.08 | $-1.10 | $-0.89 | $-0.16 | $-0.05 | $-0.03 |
| Shares Outstanding (Basic) | 43.0M | 42.2M | 41.4M | 40.8M | 40.1M | 35.9M | 34.9M | 34.0M |
| Shares Outstanding (Diluted) | 43.6M | 42.2M | 41.4M | 40.8M | 40.1M | 35.9M | 34.9M | 34.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |