Trupanion Q2 revenue up 16% to $314.8M; net loss narrows 57% to $5.9M

TRUPANION, INC.

2024-Q2 EPS reported -$0.30 revenue$620,921,000

Total revenue $314.8M (+16% YoY); subscription revenue $208.6M (+20%).
Net loss $(5.9)M ($0.14/share) vs $(13.7)M ($0.33) in Q2'23; adjusted EBITDA $7.4M (vs -$3.2M).
Subscription enrolled pets 1,020,934 (+8% YoY); total enrolled pets 1.7M (+1%).
Free cash flow $4.0M in Q2 (vs -$8.1M); operating cash flow $6.9M (vs -$3.4M).
Discretionary profit from core subscription business increased 63% in Q2.

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