---
schema_version: "secwatch.filing_event.v1"
accession: "0001371285-22-000255"
form_type: "8-K"
ticker: "TRUP"
cik: "0001371285"
company_name: "TRUPANION, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:28:17.314324+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trupanion Q3 net loss widens to $12.9M; acquires PetExpert for European expansion

## Summary
- Total revenue $233.8M (+29% YoY); subscription revenue $152.4M (+20%).
- Net loss $(12.9)M ($0.32/shr) vs $(6.8)M loss in Q3 2021; adjusted EBITDA $(0.9)M vs $2.2M.
- Operating cash flow $(2.3)M and free cash flow $(6.4)M, down from positive prior year.
- Signs definitive agreement to acquire Royal Blue s.r.o (PetExpert) in Czech Republic and Slovakia; close expected Q4 2022.
- Director Eric Johnson resigns from board effective Jan 1, 2023; no disagreement cited.

## SEC filing metadata
- accession: 0001371285-22-000255
- form_type: 8-K
- ticker: TRUP
- cik: 0001371285
- company_name: TRUPANION, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000255/0001371285-22-000255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000255/trup-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001371285-22-000255
- JSON: https://secwatch.observer/filing/0001371285-22-000255.json
- Plain text: https://secwatch.observer/filing/0001371285-22-000255.txt

## Key facts
- Earnings Releases
  TRUPANION, INC. reported the third quarter ended September 30, 2022 results: revenue $233.8 million, net income $(12.9) million, or $(0.32) per basic and diluted share, EPS $(0.32) per basic and diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $233.8 million
  - Net income: $(12.9) million, or $(0.32) per basic and diluted share
  - EPS: $(0.32) per basic and diluted share
  - Result: reported results
  source text: Third Quarter 2022 Financial and Business Highlights • Total revenue was $233.8 million, an increase of 29% compared to the third quarter of 2021. • Total enrolled pets (including pets from our other business segment) was 1,439,605 at September 30, 2022, an increase of 30% over the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000255/0001371285-22-000255-index.htm
- Earnings Releases
  TRUPANION, INC. reported the first nine months of 2022 results: revenue $659.2 million, net income $(35.4) million, or $(0.87) per basic and diluted share, EPS $(0.87) per basic and diluted share.
  - Period: the first nine months of 2022
  - Revenue: $659.2 million
  - Net income: $(35.4) million, or $(0.87) per basic and diluted share
  - EPS: $(0.87) per basic and diluted share
  - Result: reported results
  source text: First Nine Months 2022 Financial and Business Highlights • Total revenue was $659.2 million, an increase of 31% compared to the first nine months of 2021. • Subscription business revenue was $438.0 million, an increase of 21% compared to the first nine months of 2021 (22% on a constant currency basis).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000255/0001371285-22-000255-index.htm
- Executive change
  Eric Johnson resigned as member of the Board of Directors at TRUPANION, INC..
  - Action: resigned
  - Role: member of the Board of Directors
  source text: On November 1, 2022, Eric Johnson notified the Company of his decision to resign, effective as of January 1, 2023, from his position as a member of the Board of Directors of the Company (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128522000255/0001371285-22-000255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.