Trupanion(TRUP) Globenewswire·2025-05-01 20:05Core Insights - Trupanion, Inc. reported strong financial performance in Q1 2025, with total revenue reaching $342.0 million, a 12% increase compared to Q1 2024 [7] - The company experienced growth in its subscription business, with revenue of $233.1 million, marking a 16% increase year-over-year [7] - The net loss for the quarter was $(1.5) million, significantly improved from a net loss of $(6.9) million in the same period last year [7] Financial Highlights - Total enrolled pets decreased by 2% to 1,667,637 as of March 31, 2025, compared to 1,708,017 in Q1 2024 [7][22] - Subscription enrolled pets increased by 5% to 1,052,845, up from 1,006,168 in Q1 2024 [7][22] - Adjusted EBITDA for Q1 2025 was $12.2 million, compared to $4.8 million in Q1 2024 [7][31] Cash Flow and Investments - Operating cash flow was $16.0 million, a significant increase from $2.4 million in Q1 2024 [7][23] - Free cash flow improved to $14.0 million, compared to a negative free cash flow of $(0.6) million in the previous year [7][23] - As of March 31, 2025, the company held $321.8 million in cash and short-term investments [7] Operational Metrics - Monthly average revenue per pet increased to $77.53, up from $69.79 in Q1 2024 [22] - Average pet acquisition cost rose to $267, compared to $207 in the same quarter last year [22] - The average monthly retention rate was 98.28%, slightly down from 98.41% in Q1 2024 [22]