Trupanion(US:TRUP)2025-11-06 21:30Subscription Revenue Growth - Total subscription revenue has grown significantly from $3.1 million in 2010 to $252.7 million in 2025[3] - The company provides subscription revenue data broken down by cohort from pre-2010 to 2025[6] Subscription Pet Count - Gross new Core Trupanion pets enrolled in Q3 2025 were 57,671[10] - Total subscription pets enrolled at the end of Q3 2025 were 1,082,412[10] - Excluding MGA pets, total subscription pets enrolled at the end of Q3 2025 were 1,026,780[10] Financial Performance & Outlook - The quarterly average revenue per new pet is $74.31 in Q3 2025[12] - The estimated profit per pet per month is $9.05, leading to a lifetime value of $558 per pet[12] - The estimated Internal Rate of Return (IRR) for new pets enrolled in Q3 2025 is 28%[12] - Free cash flow for the three months ended September 30, 2025, was $23.96 million, compared to $13.38 million for the same period in 2024[15] - The company projects Q4 2025 revenue between $371 million and $377 million and full year 2025 revenue between $1.433 billion and $1.439 billion[17] - The company projects Q4 2025 subscription revenue between $258 million and $261 million and full year 2025 subscription revenue between $986 million and $989 million[17]