Trupanion Inc
NASDAQ:TRUP
Income Statement
Earnings Waterfall
Trupanion Inc
Income Statement
Trupanion Inc
| Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
2
|
7
|
7
|
6
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
1
|
3
|
4
|
7
|
8
|
10
|
12
|
13
|
14
|
15
|
14
|
14
|
14
|
13
|
|
| Revenue |
56
N/A
|
61
+11%
|
68
+11%
|
76
+11%
|
84
+11%
|
92
+9%
|
100
+9%
|
108
+8%
|
116
+7%
|
124
+7%
|
131
+6%
|
139
+6%
|
147
+6%
|
156
+6%
|
167
+7%
|
177
+6%
|
188
+6%
|
200
+6%
|
213
+6%
|
227
+7%
|
243
+7%
|
258
+6%
|
273
+6%
|
288
+6%
|
304
+6%
|
321
+6%
|
340
+6%
|
361
+6%
|
384
+6%
|
408
+6%
|
434
+6%
|
465
+7%
|
502
+8%
|
545
+9%
|
596
+9%
|
647
+9%
|
699
+8%
|
750
+7%
|
802
+7%
|
854
+7%
|
905
+6%
|
956
+6%
|
1 007
+5%
|
1 059
+5%
|
1 109
+5%
|
1 158
+4%
|
1 203
+4%
|
1 244
+3%
|
1 286
+3%
|
1 322
+3%
|
1 360
+3%
|
1 400
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(44)
|
(49)
|
(54)
|
(61)
|
(68)
|
(75)
|
(82)
|
(90)
|
(96)
|
(103)
|
(110)
|
(115)
|
(122)
|
(129)
|
(137)
|
(146)
|
(155)
|
(165)
|
(176)
|
(187)
|
(200)
|
(213)
|
(226)
|
(239)
|
(253)
|
(266)
|
(282)
|
(300)
|
(319)
|
(340)
|
(361)
|
(389)
|
(420)
|
(460)
|
(506)
|
(550)
|
(595)
|
(637)
|
(684)
|
(734)
|
(783)
|
(837)
|
(887)
|
(934)
|
(978)
|
(1 017)
|
(1 051)
|
(1 078)
|
(1 107)
|
(1 128)
|
(1 152)
|
(1 181)
|
|
| Gross Profit |
11
N/A
|
13
+14%
|
14
+11%
|
15
+4%
|
16
+6%
|
17
+8%
|
18
+8%
|
19
+2%
|
20
+8%
|
21
+4%
|
21
+3%
|
24
+10%
|
25
+7%
|
27
+7%
|
30
+9%
|
31
+6%
|
33
+6%
|
35
+6%
|
37
+6%
|
41
+9%
|
43
+6%
|
45
+4%
|
47
+4%
|
49
+4%
|
51
+5%
|
55
+8%
|
58
+4%
|
61
+6%
|
65
+6%
|
68
+4%
|
73
+8%
|
76
+4%
|
82
+8%
|
85
+4%
|
90
+5%
|
97
+8%
|
104
+7%
|
113
+8%
|
117
+4%
|
119
+2%
|
122
+3%
|
119
-3%
|
119
+1%
|
125
+4%
|
131
+5%
|
141
+8%
|
152
+8%
|
166
+9%
|
179
+8%
|
194
+8%
|
208
+8%
|
219
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(17)
|
(19)
|
(20)
|
(21)
|
(23)
|
(25)
|
(28)
|
(33)
|
(36)
|
(38)
|
(40)
|
(42)
|
(42)
|
(42)
|
(41)
|
(39)
|
(40)
|
(41)
|
(42)
|
(44)
|
(46)
|
(48)
|
(50)
|
(51)
|
(52)
|
(56)
|
(60)
|
(64)
|
(67)
|
(69)
|
(71)
|
(77)
|
(86)
|
(102)
|
(117)
|
(130)
|
(139)
|
(145)
|
(152)
|
(158)
|
(165)
|
(177)
|
(178)
|
(175)
|
(171)
|
(163)
|
(166)
|
(175)
|
(183)
|
(198)
|
(205)
|
(212)
|
|
| Selling, General & Administrative |
(13)
|
(18)
|
(18)
|
(18)
|
(18)
|
(20)
|
(22)
|
(25)
|
(26)
|
(28)
|
(29)
|
(30)
|
(31)
|
(31)
|
(31)
|
(30)
|
(31)
|
(31)
|
(33)
|
(34)
|
(36)
|
(38)
|
(40)
|
(42)
|
(43)
|
(47)
|
(51)
|
(54)
|
(56)
|
(59)
|
(61)
|
(66)
|
(69)
|
(84)
|
(95)
|
(103)
|
(111)
|
(115)
|
(120)
|
(125)
|
(129)
|
(140)
|
(142)
|
(140)
|
(138)
|
(126)
|
(126)
|
(131)
|
(135)
|
(144)
|
(151)
|
(156)
|
|
| Research & Development |
(3)
|
(1)
|
(2)
|
(3)
|
(5)
|
(5)
|
(6)
|
(7)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(10)
|
(13)
|
(14)
|
(15)
|
(17)
|
(18)
|
(21)
|
(23)
|
(25)
|
(25)
|
(24)
|
(22)
|
(21)
|
(23)
|
(26)
|
(29)
|
(31)
|
(32)
|
(33)
|
(35)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(5)
|
(9)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(5)
|
(5)
|
(5)
|
|
| Operating Income |
(6)
N/A
|
(6)
-4%
|
(6)
-4%
|
(7)
-10%
|
(7)
-8%
|
(8)
-16%
|
(10)
-23%
|
(14)
-43%
|
(16)
-11%
|
(18)
-11%
|
(19)
-6%
|
(18)
+4%
|
(17)
+7%
|
(15)
+13%
|
(11)
+24%
|
(8)
+28%
|
(7)
+16%
|
(6)
+18%
|
(5)
+7%
|
(3)
+39%
|
(3)
+16%
|
(3)
-8%
|
(3)
+11%
|
(2)
+16%
|
(1)
+52%
|
(1)
+10%
|
(2)
-167%
|
(2)
N/A
|
(2)
+33%
|
(1)
+25%
|
2
N/A
|
(1)
N/A
|
(4)
-291%
|
(17)
-284%
|
(28)
-67%
|
(32)
-17%
|
(35)
-8%
|
(31)
+11%
|
(35)
-10%
|
(39)
-13%
|
(43)
-9%
|
(58)
-36%
|
(58)
-1%
|
(50)
+14%
|
(40)
+19%
|
(22)
+45%
|
(14)
+34%
|
(9)
+36%
|
(4)
+56%
|
(4)
-11%
|
3
N/A
|
7
+125%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(7)
|
(7)
|
(6)
|
(6)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(2)
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
(3)
|
(2)
|
(7)
|
(9)
|
(10)
|
(3)
|
(13)
|
(14)
|
(15)
|
(2)
|
(14)
|
(14)
|
(13)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
1
|
2
|
3
|
2
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
2
|
1
|
(0)
|
2
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
0
|
1
|
1
|
0
|
5
|
6
|
8
|
(1)
|
9
|
10
|
11
|
2
|
15
|
23
|
23
|
|
| Pre-Tax Income |
(6)
N/A
|
(7)
-5%
|
(7)
-3%
|
(7)
-7%
|
(8)
-14%
|
(11)
-34%
|
(13)
-15%
|
(20)
-57%
|
(21)
-5%
|
(21)
+0%
|
(22)
-5%
|
(18)
+18%
|
(17)
+7%
|
(15)
+13%
|
(11)
+24%
|
(8)
+27%
|
(7)
+16%
|
(6)
+16%
|
(4)
+24%
|
(2)
+45%
|
(2)
+21%
|
(2)
-11%
|
(3)
-33%
|
(2)
+29%
|
(1)
+55%
|
(1)
+22%
|
(2)
-243%
|
(3)
-17%
|
(2)
+43%
|
(2)
+6%
|
2
N/A
|
(1)
N/A
|
(6)
-307%
|
(17)
-204%
|
(28)
-62%
|
(33)
-16%
|
(35)
-8%
|
(31)
+11%
|
(36)
-13%
|
(41)
-15%
|
(44)
-8%
|
(60)
-36%
|
(61)
-1%
|
(52)
+14%
|
(45)
+14%
|
(27)
+40%
|
(19)
+30%
|
(13)
+29%
|
(10)
+28%
|
(4)
+57%
|
12
N/A
|
17
+42%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(2)
|
|
| Income from Continuing Operations |
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(11)
|
(13)
|
(20)
|
(21)
|
(21)
|
(22)
|
(18)
|
(17)
|
(15)
|
(11)
|
(8)
|
(7)
|
(6)
|
(4)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
2
|
(2)
|
(6)
|
(17)
|
(28)
|
(32)
|
(36)
|
(32)
|
(36)
|
(42)
|
(45)
|
(61)
|
(61)
|
(52)
|
(45)
|
(27)
|
(19)
|
(13)
|
(10)
|
(4)
|
11
|
15
|
|
| Net Income (Common) |
(8)
N/A
|
(8)
-2%
|
(9)
-2%
|
(9)
-6%
|
(8)
+9%
|
(11)
-35%
|
(13)
-15%
|
(20)
-57%
|
(21)
-5%
|
(21)
N/A
|
(22)
-5%
|
(18)
+17%
|
(17)
+7%
|
(15)
+14%
|
(11)
+24%
|
(8)
+27%
|
(7)
+16%
|
(6)
+16%
|
(4)
+24%
|
(2)
+45%
|
(2)
+38%
|
(2)
N/A
|
(2)
-53%
|
(2)
+35%
|
(1)
+40%
|
(1)
+11%
|
(2)
-188%
|
(3)
-17%
|
(2)
+33%
|
(2)
+11%
|
2
N/A
|
(2)
N/A
|
(6)
-241%
|
(17)
-195%
|
(28)
-62%
|
(32)
-15%
|
(36)
-11%
|
(32)
+10%
|
(36)
-14%
|
(42)
-17%
|
(45)
-5%
|
(61)
-36%
|
(61)
0%
|
(52)
+15%
|
(45)
+14%
|
(27)
+40%
|
(19)
+29%
|
(13)
+29%
|
(10)
+28%
|
(4)
+56%
|
11
N/A
|
15
+40%
|
|
| EPS (Diluted) |
-0.31
N/A
|
-0.31
N/A
|
-0.32
-3%
|
-0.34
-6%
|
-0.31
+9%
|
-0.42
-35%
|
-0.48
-14%
|
-0.96
-100%
|
-1.64
-71%
|
-0.77
+53%
|
-0.8
-4%
|
-0.68
+15%
|
-0.62
+9%
|
-0.54
+13%
|
-0.4
+26%
|
-0.29
+28%
|
-0.24
+17%
|
-0.2
+17%
|
-0.13
+35%
|
-0.09
+31%
|
-0.07
+22%
|
-0.04
+43%
|
-0.07
-75%
|
-0.04
+43%
|
-0.03
+25%
|
-0.03
N/A
|
-0.08
-167%
|
-0.09
-12%
|
-0.05
+44%
|
-0.05
N/A
|
0.05
N/A
|
-0.04
N/A
|
-0.16
-300%
|
-0.43
-169%
|
-0.7
-63%
|
-0.8
-14%
|
-0.89
-11%
|
-0.79
+11%
|
-0.89
-13%
|
-1.04
-17%
|
-1.1
-6%
|
-1.48
-35%
|
-1.48
N/A
|
-1.26
+15%
|
-1.08
+14%
|
-0.65
+40%
|
-0.45
+31%
|
-0.32
+29%
|
-0.23
+28%
|
-0.1
+57%
|
0.25
N/A
|
0.36
+44%
|
|