Trupanion(US:TRUP) Globenewswireยท2025-11-06 21:05Core Insights - Trupanion, Inc. reported record quarterly profitability and continued growth in subscription pet enrollments for the third consecutive quarter, indicating a strong financial foundation and commitment to sustainable growth [2][6]. Financial Highlights - Total revenue for Q3 2025 was $366.9 million, a 12% increase compared to Q3 2024 [8]. - Subscription business revenue reached $252.7 million, reflecting a 15% increase year-over-year [8]. - Net income for Q3 2025 was $5.9 million, or $0.14 per basic share, compared to $1.4 million, or $0.03 per basic share, in Q3 2024 [8]. - Adjusted EBITDA for Q3 2025 was $19.6 million, up from $14.5 million in Q3 2024 [8]. - Operating cash flow was $29.2 million, compared to $15.3 million in Q3 2024 [8]. Business Metrics - Total enrolled pets as of September 30, 2025, was 1,654,414, a decrease of 2% from the previous year [8]. - Subscription enrolled pets increased by 5% to 1,082,412 [8]. - Monthly average revenue per pet rose to $79.84 from $71.94 year-over-year [24]. - Average pet acquisition cost increased to $278 from $227 [24]. - Average monthly retention rate improved slightly to 98.33% from 98.29% [24]. Debt and Financial Flexibility - Trupanion secured a new three-year $120 million credit facility with PNC Bank, which has a lower interest rate than the previous facility, enhancing financial flexibility [6][7]. - The new credit facility is expected to support strategic initiatives and operational investments, reflecting the company's commitment to prudent financial management [7]. Year-to-Date Performance - For the first nine months of 2025, total revenue was $1,062.5 million, a 12% increase compared to the same period in 2024 [8]. - Subscription business revenue for the first nine months was $727.9 million, a 16% increase year-over-year [8]. - Net income for the first nine months was $13.8 million, compared to a net loss of $(11.3) million in the same period of 2024 [8].