TRUP - Trupanion, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$38.00
DETAILS
HIGH:
$45.00
LOW:
$34.00
MEDIAN:
$35.00
CONSENSUS:
$38.00
UPSIDE:
72.88%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 1,439.3 | 1,285.7 | 1,108.6 | 905.2 | 699.0 | 502.0 | 383.9 | 304.0 | 242.7 | 188.2 | 147.0 | 115.9 | 83.8 | 55.5 | 37.0 |
| Cost of Revenue | 1,029.0 | 1,106.9 | 977.6 | 783.0 | 594.6 | 420.1 | 319.0 | 252.6 | 199.6 | 154.9 | 121.7 | 96.0 | 68.2 | 44.3 | 29.0 |
| Gross Profit | 410.3 | 178.8 | 131.0 | 122.2 | 104.3 | 81.9 | 64.9 | 51.4 | 43.0 | 33.3 | 25.2 | 19.9 | 15.6 | 11.2 | 8.0 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 37.8 | 31.3 | 21.4 | 25.1 | 16.9 | 9.9 | 7.0 | 5.8 | 9.8 | 9.5 | 11.2 | 9.9 | 4.9 | 3.4 | 1.5 |
| SG&A Expenses | 162.1 | 63.7 | 60.2 | 39.4 | 31.9 | 69.7 | 53.8 | 42.1 | 35.9 | 30.5 | 30.8 | 25.9 | 17.7 | 13.3 | 9.5 |
| Other Expenses | 188.4 | 93.3 | 90.1 | 100.7 | 90.8 | 7.2 | 6.0 | 4.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 388.3 | 188.3 | 171.7 | 165.2 | 139.5 | 86.8 | 66.8 | 52.4 | 45.7 | 40.0 | 42.0 | 35.8 | 22.6 | 16.8 | 11.0 |
| Operating Income | |||||||||||||||
| Operating Income | 22.0 | (9.5) | (40.7) | (43.0) | (35.2) | (4.9) | (1.9) | (1.0) | (2.6) | (6.7) | (16.8) | (15.9) | (7.0) | (5.5) | (3.0) |
| Interest Expense | 13.8 | 14.5 | 12.1 | 4.3 | 0.0 | 1.4 | 1.3 | 1.2 | 0.5 | 0.2 | 0.3 | 6.7 | 0.6 | 0.5 | 0.7 |
| Interest Income | 0 | 12.4 | 9 | 3 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Profitability | |||||||||||||||
| EBITDA | 51.6 | 21.3 | (20.5) | (29.0) | (23.2) | 2.7 | 5.3 | 4.8 | 2.8 | (2.8) | (14.2) | (12.8) | (6.8) | (5.4) | (2.9) |
| EBIT | 35.8 | 4.9 | (33.0) | (39.9) | (35.2) | (4.3) | (0.3) | 0.3 | (1.4) | (6.6) | (16.8) | (14.5) | (7.7) | (5.8) | (3.1) |
| Income Before Tax | 22.0 | (9.6) | (45.0) | (44.2) | (35.2) | (5.7) | (1.6) | (0.9) | (1.9) | (6.9) | (17.1) | (21.2) | (8.3) | (6.3) | (3.8) |
| Income Tax Expense | 2.6 | (0.0) | (0.3) | 0.5 | 0.3 | 0.1 | 0.2 | (0.0) | (0.4) | 0.0 | 0.1 | (0.0) | (0.1) | 0.1 | 0.1 |
| Net Income | 19.4 | (9.6) | (44.7) | (44.7) | (35.5) | (5.8) | (1.8) | (0.9) | (1.5) | (6.9) | (17.2) | (21.2) | (8.2) | (6.4) | (3.9) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.45 | -0.23 | -1.08 | -1.10 | -0.89 | -0.16 | -0.05 | -0.03 | -0.05 | -0.24 | -0.62 | -0.76 | -6.23 | -4.18 | -0.21 |
| EPS (Diluted) | 0.45 | -0.23 | -1.08 | -1.10 | -0.89 | -0.16 | -0.05 | -0.03 | -0.05 | -0.24 | -0.62 | -0.76 | -6.23 | -4.18 | -0.21 |
| Shares Outstanding | 43.0 | 42.2 | 41.4 | 40.8 | 40.1 | 35.9 | 34.6 | 32.0 | 29.6 | 28.5 | 27.6 | 27.8 | 1.3 | 1.5 | 18.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 138.0 | 160.3 | 147.5 | 65.6 | 87.4 | 139.9 | 29.2 | 26.6 | 25.7 | 23.6 |
| Short-Term Investments | 232.7 | 147.1 | 129.7 | 156.8 | 126.0 | 89.9 | 69.7 | 54.6 | 37.6 | 29.6 |
| Net Receivables | 301.9 | 274.0 | 267.9 | 232.4 | 165.2 | 99.1 | 54.4 | 31.6 | 20.4 | 10.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (232.7) | 15.9 | 17.0 | 14.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 440.0 | 597.3 | 562.1 | 469.1 | 391.0 | 337.0 | 158.8 | 118.0 | 86.6 | 65.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 104.8 | 102.2 | 103.7 | 90.7 | 78.0 | 72.6 | 70.4 | 69.8 | 7.9 | 8.5 |
| Goodwill | 39.4 | 37.0 | 43.7 | 42.0 | 32.7 | 33.0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 24.1 | 13.2 | 18.7 | 24.0 | 22.7 | 27.1 | 7.7 | 8.1 | 5.0 | 4.9 |
| Long-Term Investments | 1.0 | 0.4 | 12.9 | 7.8 | 7.1 | 5.6 | 4.3 | 3.6 | 3.2 | 2.9 |
| Other Non-Current Assets | 305.8 | 56.8 | 41.9 | 38.0 | 31.2 | 22.9 | 16.0 | 8.1 | 3.2 | 0.7 |
| Total Non-Current Assets | 475.1 | 209.5 | 220.9 | 202.5 | 171.6 | 161.2 | 98.4 | 89.5 | 19.3 | 17.0 |
| Total Assets | 915.0 | 806.9 | 782.9 | 671.6 | 562.6 | 498.2 | 257.2 | 207.5 | 105.9 | 82.3 |
| Current Liabilities | ||||||||||
| Account Payables | 16.4 | 11.5 | 10.5 | 9.5 | 9.0 | 6.1 | 4.1 | 2.8 | 2.7 | 2.0 |
| Short-Term Debt | 10 | 1.4 | 1.4 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 251.6 | 235.3 | 202.7 | 146.9 | 92.5 | 52.5 | 33.0 | 22.7 | 13.5 |
| Other Current Liabilities | 383.4 | 85.1 | 63.2 | 43.7 | 39.7 | 28.9 | 21.2 | 16.1 | 12.8 | (20.9) |
| Total Current Liabilities | 409.8 | 349.6 | 344.5 | 289.6 | 223.7 | 150.4 | 91.6 | 63.2 | 45.9 | 30.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 101.8 | 127.5 | 127.6 | 68.4 | 0 | 0 | 26.1 | 12.9 | 9.3 | 4.8 |
| Deferred Tax Liabilities | 1.5 | 1.9 | 2.7 | 3.4 | 2.8 | 4.7 | 1.1 | 1.0 | 1.0 | 1.4 |
| Other Non-Current Liabilities | 18.0 | 4.5 | 4.5 | 5.0 | 3.9 | 3.2 | 1.6 | 1.3 | 1.2 | 32.6 |
| Total Non-Current Liabilities | 121.3 | 134.0 | 134.8 | 76.7 | 6.7 | 7.9 | 28.8 | 15.1 | 11.6 | 7.0 |
| Total Liabilities | 531.1 | 483.6 | 479.2 | 366.3 | 230.4 | 158.3 | 120.4 | 78.3 | 57.4 | 37.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (206.5) | (225.9) | (216.3) | (171.6) | (126.9) | (91.4) | (85.5) | (83.7) | (82.8) | (81.3) |
| Accumulated Other Comprehensive Income | 2.1 | (2.6) | 0.4 | (6.3) | 3.1 | 3.1 | 0.2 | (0.8) | (0.1) | (0.4) |
| Total Stockholders' Equity | 383.9 | 323.3 | 303.7 | 305.3 | 332.2 | 339.9 | 136.8 | 129.2 | 48.4 | 44.7 |
| Total Liabilities & Equity | 915.0 | 806.9 | 782.9 | 671.6 | 562.6 | 498.2 | 257.2 | 207.5 | 105.9 | 82.3 |
| Debt Metrics | ||||||||||
| Total Debt | 111.8 | 128.9 | 128.9 | 69.5 | 0 | 0 | 26.1 | 12.9 | 9.3 | 4.8 |
| Net Debt | (26.2) | (31.4) | (18.6) | 3.9 | (87.4) | (139.9) | (3.1) | (13.7) | (16.4) | (18.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 19.4 | (9.6) | (44.7) | (44.7) | (35.5) | (5.8) | (1.8) | (0.9) | (1.5) | (6.9) |
| Depreciation & Amortization | 15.8 | 16.5 | 12.5 | 10.9 | 12.0 | 7.1 | 5.6 | 4.5 | 4.2 | 3.8 |
| Stock-Based Compensation | 38.3 | 33.4 | 33.2 | 33.4 | 28.2 | 8.9 | 6.8 | 4.8 | 3.4 | 2.9 |
| Change in Working Capital | 20.5 | 4.5 | 16.3 | (8.7) | 4.7 | 11.2 | 5.4 | 4.6 | 4.9 | 5.0 |
| Other Non-Cash Items | (4.6) | 3.6 | 1.3 | 1.1 | (1.9) | 0.2 | 0.1 | (0.2) | (0.4) | 0.1 |
| Operating Cash Flow | 89.5 | 48.3 | 18.6 | (8) | 7.5 | 21.5 | 16.2 | 12.7 | 9.7 | 5.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (14.1) | (9.7) | (18.3) | (17.1) | (12.4) | (7.5) | (5.4) | (59.9) | (3.1) | (1.9) |
| Acquisitions | 0 | 0 | 0 | (15.0) | 0 | (48.1) | 0 | 3.0 | 1.4 | 0 |
| Purchases of Investments | (256.0) | (133.5) | (165.9) | (273.0) | (95.7) | (65.3) | (69.5) | (55.9) | (31.9) | (31.6) |
| Sales/Maturities of Investments | 172.6 | 127.7 | 190.3 | 239.2 | 57.9 | 44.1 | 49.8 | 35.4 | 23.4 | 27.2 |
| Other Investing Activities | 1.7 | 2.1 | 1.6 | (1.6) | (1.8) | 0.1 | (2.9) | (4.1) | (2.8) | (0.2) |
| Investing Cash Flow | (95.9) | (13.5) | 7.6 | (67.5) | (51.9) | (76.7) | (28.0) | (81.5) | (13.1) | (6.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (20.2) | (1.4) | 58.4 | 68.6 | 0 | (26.2) | 13.2 | 3.4 | 4.4 | 5.0 |
| Stock Repurchased | 0 | 0 | 0 | (5.8) | (4.7) | (1.1) | (1.7) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (4.3) | (3.4) | (1.9) | (4.4) | 0 | (0.1) | (0.4) | (1.5) | (1.2) | (0.7) |
| Financing Cash Flow | (22.9) | (4.0) | 59.1 | 60.7 | (1.1) | 170.8 | 14.0 | 71.2 | 5.1 | 7.7 |
| Cash Position | ||||||||||
| Net Change in Cash | (22.3) | 29.1 | 85.8 | (16.2) | (45.3) | 115.6 | 2.6 | 1.6 | 2.1 | 6.3 |
| Cash at Beginning | 160.3 | 170.5 | 84.6 | 100.9 | 146.2 | 30.6 | 28.0 | 26.3 | 24.2 | 18.0 |
| Cash at End | 138.0 | 199.5 | 170.5 | 84.6 | 100.9 | 146.2 | 30.6 | 28.0 | 26.3 | 24.2 |
| Free Cash Flow | 75.4 | 38.6 | 0.4 | (25.1) | (4.9) | 14.1 | 10.8 | (47.2) | 6.5 | 3.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 1,439.3 | 1,285.7 | 1,108.6 | 905.2 | 699.0 | 502.0 | 383.9 | 304.0 | 242.7 | 188.2 | 147.0 | 115.9 | 83.8 | 55.5 | 37.0 |
| Gross Profit | 410.3 | 178.8 | 131.0 | 122.2 | 104.3 | 81.9 | 64.9 | 51.4 | 43.0 | 33.3 | 25.2 | 19.9 | 15.6 | 11.2 | 8.0 |
| Operating Income | 22.0 | (9.5) | (40.7) | (43.0) | (35.2) | (4.9) | (1.9) | (1.0) | (2.6) | (6.7) | (16.8) | (15.9) | (7.0) | (5.5) | (3.0) |
| Net Income | 19.4 | (9.6) | (44.7) | (44.7) | (35.5) | (5.8) | (1.8) | (0.9) | (1.5) | (6.9) | (17.2) | (21.2) | (8.2) | (6.4) | (3.9) |
| EPS (Diluted) | 0.45 | -0.23 | -1.08 | -1.10 | -0.89 | -0.16 | -0.05 | -0.03 | -0.05 | -0.24 | -0.62 | -0.76 | -6.23 | -4.18 | -0.21 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 138.0 | 160.3 | 147.5 | 65.6 | 87.4 | 139.9 | 29.2 | 26.6 | 25.7 | 23.6 | |||||
| Total Assets | 915.0 | 806.9 | 782.9 | 671.6 | 562.6 | 498.2 | 257.2 | 207.5 | 105.9 | 82.3 | |||||
| Total Debt | 111.8 | 128.9 | 128.9 | 69.5 | 0 | 0 | 26.1 | 12.9 | 9.3 | 4.8 | |||||
| Stockholders' Equity | 383.9 | 323.3 | 303.7 | 305.3 | 332.2 | 339.9 | 136.8 | 129.2 | 48.4 | 44.7 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 89.5 | 48.3 | 18.6 | (8) | 7.5 | 21.5 | 16.2 | 12.7 | 9.7 | 5.0 | |||||
| Capital Expenditure | (14.1) | (9.7) | (18.3) | (17.1) | (12.4) | (7.5) | (5.4) | (59.9) | (3.1) | (1.9) | |||||
| Free Cash Flow | 75.4 | 38.6 | 0.4 | (25.1) | (4.9) | 14.1 | 10.8 | (47.2) | 6.5 | 3.1 | |||||