Trupanion Inc. (TRUP) Financial Statements (2024 and earlier)

Company Profile

Business Address 6100 4TH AVENUE SOUTH
SEATTLE, WA 98108
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277,168222,409213,412229,74098,90081,111
Cash and cash equivalents147,50165,60587,400139,87829,16826,552
Short-term investments129,667156,804126,01289,86269,73254,559
Other undisclosed current assets284,921246,687177,542107,28759,92136,865
Total current assets:562,089469,096390,954337,027158,821117,976
Noncurrent Assets
Operating lease, right-of-use asset   800900 
Property, plant and equipment103,65090,70177,95072,60270,37269,803
Long-term investments and receivables13,1668,1417,3615,8664,3233,554
Long-term investments13,1668,1417,3615,8664,3233,554
Intangible assets, net (including goodwill)62,45866,01455,37260,1797,7318,071
Goodwill43,71341,98332,70933,045  
Intangible assets, net (excluding goodwill)18,74524,03122,66327,1347,7318,071
Other noncurrent assets18,92218,94317,77616,55714,5536,706
Other undisclosed noncurrent assets22,66318,73212,3695,1191,4001,400
Total noncurrent assets:220,859202,531171,628161,22398,37989,534
TOTAL ASSETS:782,948671,627562,582498,250257,200207,510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,55742,08737,11428,92317,88514,114
Accounts payable10,5059,4718,9526,0594,0872,767
Accrued liabilities34,05232,61628,16222,86413,79811,347
Deferred revenue235,329202,692146,91192,547 
Debt1,3501,103    
Deferred revenue and credits33,027
Other undisclosed current liabilities63,23843,73439,67128,92973,74016,062
Total current liabilities:344,474289,616223,696150,39991,62563,203
Noncurrent Liabilities
Long-term debt and lease obligation    26,08612,862
Long-term debt, excluding current maturities    26,08612,862
Liabilities, other than long-term debt4,4874,9683,8593,2072,7292,272
Deferred tax liabilities, net1,1181,002
Deferred income tax liabilities     
Other liabilities4,4874,9683,8593,2071,6111,270
Other undisclosed noncurrent liabilities 130,26571,7462,8274,705  
Total noncurrent liabilities:134,75276,7146,6867,91228,81515,134
Total liabilities:479,226366,330230,382158,311120,44078,337
Equity
Equity, attributable to parent303,722305,297332,200339,939136,760129,173
Treasury stock, value(16,534)(16,534)(10,779)(10,779)(10,701)(6,201)
Additional paid in capital536,108499,694466,792439,007232,731219,838
Accumulated other comprehensive income (loss)403(6,301)3,0773,071250(753)
Accumulated deficit(216,255)(171,562)(126,890)(91,360)(85,520)(83,711)
Total equity:303,722305,297332,200339,939136,760129,173
TOTAL LIABILITIES AND EQUITY:782,948671,627562,582498,250257,200207,510

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,108,605905,179698,991502,028383,936303,956
Cost of revenue(977,589)(782,994)(594,645)(420,127) (38,051)
Cost of goods and services sold      (38,051)
Other undisclosed gross profit     (319,012)(214,539)
Gross profit:131,016122,185104,34681,90164,92451,366
Operating expenses(171,456)(164,933)(139,371)(86,702)(66,492)(52,411)
Other undisclosed operating loss(219)(253)(171)(126)(352) 
Operating loss:(40,659)(43,001)(35,196)(4,927)(1,920)(1,045)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
7,7013,072(14)5811,6291,309
Interest and debt expense(12,077)(4,267)(10)(1,381)(1,349)(1,198)
Loss from continuing operations before equity method investments, income taxes:(45,035)(44,196)(35,220)(5,727)(1,640)(934)
Loss from equity method investments(219)(253)(171)(126)(352) 
Other undisclosed income from continuing operations before income taxes219253171126352 
Loss from continuing operations before income taxes:(45,035)(44,196)(35,220)(5,727)(1,640)(934)
Income tax expense (benefit)342(476)(310)(113)(169)7
Loss from continuing operations:(44,693)(44,672)(35,530)(5,840)(1,809)(927)
Loss before gain (loss) on sale of properties:(35,530)(5,840)(1,809)(927)
Net loss available to common stockholders, diluted:(44,693)(44,672)(35,530)(5,840)(1,809)(927)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(44,693)(44,672)(35,530)(5,840)(1,809)(927)
Other comprehensive income (loss)6,704(9,378)62,8211,003(661)
Comprehensive loss, net of tax, attributable to parent:(37,989)(54,050)(35,524)(3,019)(806)(1,588)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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