Trupanion Q1 revenue up 12% to $342M; net loss narrows to $1.5M from $6.9M

TRUPANION, INC.

2025-Q1 EPS reported -$0.03 revenue$341,975,000

Total revenue $342.0M (+12% YoY); subscription revenue $233.1M (+16% YoY).
Net loss $(1.5)M or $(0.03)/share vs. $(6.9)M loss in Q1 2024.
Adjusted EBITDA $12.2M, up from $4.8M; operating cash flow $16.0M, FCF $14.0M.
Subscription enrolled pets grew 5% to 1,052,845; total enrolled pets down 2% to 1,667,637.
Cash and short-term investments $321.8M as of March 31, 2025.

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