Financial Data and Key Metrics Changes - Subscription revenue grew 20% year-over-year, achieving a record adjusted operating income of $114 million for the full year of 2024, with a 40% increase [9][10] - Free cash flow reached an all-time high of $39 million, primarily driven by higher adjusted operating income [10] - Total revenue for Q4 2024 was $337.3 million, up 14% year-over-year, with subscription revenue at $227.8 million, up 19% year-over-year [29][41] Business Line Data and Key Metrics Changes - The subscription business achieved an adjusted operating margin of 15.3%, up from 13% in the prior year, marking the highest margin in the company's history [35] - The other business segment generated $109.5 million in revenue for the quarter, a 5% increase year-over-year, but adjusted operating margin decreased to 0.8% [37][38] Market Data and Key Metrics Changes - Total subscription pets increased by 5% year-over-year to over 1,041,000 pets, including over 51,000 pets in Europe [30] - Average monthly retention for the trailing 12 months was 98.25%, slightly down from 98.49% the previous year [31] Company Strategy and Development Direction - The company aims to grow adjusted operating income and strategically reinvest at high estimated internal rates of return to support more pets receiving care [11] - In 2025, the company anticipates steady growth in the subscription business, with a focus on increasing pet acquisition investment as the year progresses [20][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in margin trajectory due to recent trends in veterinary inflation aligning with expectations, anticipating improved margin performance throughout 2025 [21] - The company expects to exit 2025 with the highest per pet profit and expanding allowable pet acquisition costs, setting the stage for a return to historical growth rates [49] Other Important Information - The company reported a net income of $1.7 million for Q4 2024, compared to a net loss of $2.2 million in the prior year [41] - A goodwill impairment charge of $5.3 million was recorded related to European businesses, following a detailed business review [40][112] Q&A Session Summary Question: Can you talk about the progression of subscriber growth throughout the year? - Management indicated that they plan to gradually increase pet acquisition investment throughout 2025, aiming to approach the investment levels seen in 2022 [56] Question: What does the increase in veterinary leads mean for the business? - Management noted a 30% year-over-year increase in vet leads, indicating strong lead generation and a focus on converting these leads into subscriptions [62] Question: What is the outlook for 2025 adjusted operating margins? - Management expects margin expansion but noted that inflation will be a significant factor, with expectations of continued inflation at around 15% [91][92]

For the quarter ended December 2024, Trupanion (TRUP) reported revenue of $337.31 million, up 14% over the same period last year. EPS came in at $0.04, compared to -$0.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $335.69 million, representing a surprise of +0.48%. The company delivered an EPS surprise of -33.33%, with the consensus EPS estimate being $0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Trupanion (TRUP) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this provider of medical insurance covering cats and dogs would post a loss of $0.06 per share when it actually produced earnings of $0.03, delivering a surprise of 150%.Over the ...

Trupanion reported mixed earnings with revenue exceeding expectations despite a shortfall in earnings per share (EPS).Trupanion (TRUP -2.42%), a leader in pet medical insurance, released its Q4 2024 earnings on February 19, 2025. The company delivered mixed results, with earnings per share (EPS) at $0.04, missing analysts' expectations of $0.08 by 50%. However, total revenue came in at $337.3 million, beating the $335 million forecast, showcasing a robust 14% year-over-year increase. This quarter marked a p ...

SEATTLE, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the fourth quarter and full year ended December 31, 2024. “2024 was a milestone year for Trupanion. Strong execution drove 20% subscription revenue growth, the doubling of our subscription margin in Q4 from its quarterly low in 2023, and a record $39 million in free cash flow,” said Margi Tooth, Chief Executive Officer and President of Tr ...

Exhibit 99.1 Trupanion Reports Fourth Quarter & Full Year 2024 Results SEATTLE, WA. February 19, 2025 -- Trupanion, Inc. (Nasdaq: TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the fourth quarter and full year ended December 31, 2024. "2024 was a milestone year for Trupanion. Strong execution drove 20% subscription revenue growth, the doubling of our subscription margin in Q4 from its quarterly low in 2023, and a record $39 million in free cash flow," ...

Dublin, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The "South America Pet Insurance Market Outlook, 2030" report has been added to ResearchAndMarkets.com's offering.The pet insurance market in South America is poised for considerable growth by 2030, bolstered by the increasing number of pet owners and heightened awareness of animal health care. This burgeoning market is a reflection of a changing society where pets are considered family members, meriting the same level of care and protection as human relatives. Wit ...

SEATTLE, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 fourth quarter and full year after the market closes on Wednesday, February 19, 2025. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast discussing results, guidance and management observations will be available on Trupanion's Investor Relations site under Inv ...

Trupanion (TRUP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...

Trupanion Earns Built In’s Best Places to Work in Seattle for 6th Year in a RowSEATTLE, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), the leading provider of medical insurance for cats and dogs in North America, was honored today by Built In and its 2025 Best Places To Work Awards. Trupanion earned a spot on Built In’s Best Places to Work in Seattle and 100 Best Large Places to Work in Seattle. This achievement marks the 6th consecutive year Trupanion has been recognized among Seattle’s ...