Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Trupanion Inc . (NASDAQ:TRUP), a provider of medical insurance for cats and dogs, reported a surprise profit for the second quarter, sending shares soaring 20.4% as the company delivered stronger-than-expected financial results.
The pet insurer posted earnings of $0.22 per share for the quarter ended June 30, dramatically outperforming analyst expectations of a $0.04 per share loss. Revenue reached $353.6 million, up 12% YoY and exceeding the consensus estimate of $346.7 million. The company’s performance was bolstered by a $7.8 million realized gain from exchanging a preferred stock investment for intellectual property.
"The second quarter was one of the strongest financial quarters in our history, marked by consistent top-line growth, robust margin expansion and strengthening retention," said Margi Tooth, Chief Executive Officer and President of Trupanion.
The company’s subscription business, which represents its core offering, grew 16% YoY to $242.2 million. Subscription enrolled pets increased 4% to 1,066,354 compared to the same period last year, though total enrolled pets across all segments decreased 2% to 1,660,455.
Adjusted EBITDA more than doubled to $16.6 million from $7.4 million in the second quarter of 2024. Operating cash flow strengthened to $15.0 million, with free cash flow of $12.0 million, compared to $6.9 million and $4.0 million respectively in the prior-year period.
The company maintained a strong financial position with $319.6 million in cash and short-term investments as of June 30, including $53.3 million held outside its insurance entities. Trupanion also has an additional $15 million available under its credit facility.
For the first half of 2025, Trupanion reported net income of $7.9 million, or $0.19 per basic share, a significant improvement from a net loss of $12.7 million, or $0.30 per share, in the first half of 2024.
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