Trupanion (TRUP) FY2018 results: revenue $304 million, up 25.3% on the year
Trupanion, Inc. (TRUP) reported revenue of $304 million for fiscal 2018, the year ended 31 December 2018, up 25.3% on the year before. Net income was -$927,000, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$304 million
+25.3% on the year
FY2012FY2018
Operating margin
-0.3%
-1.1% a year earlier
FY2012FY2018
Net income
-$927,000
FY2012FY2018
Diluted EPS
-$0.03
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
304
243
188
+25.3%
Cost of revenue
253
n/a
n/a
Gross profit
51.4
43.0
33.3
+19.3%
Gross margin
16.9%
17.7%
17.7%
Operating income
-1.0
-2.6
-6.7
Operating margin
-0.3%
-1.1%
-3.6%
Interest expense
1.2
0.5
0.2
+124.8%
Pre-tax income
-0.9
-1.9
-6.9
Income tax
-0.0
-0.4
0.0
Net income
-0.9
-1.5
-6.9
Net margin
-0.3%
-0.6%
-3.7%
Diluted EPS
-$0.03
-$0.05
-$0.24
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
12.7
9.7
5.0
+31.2%
Capital expenditure
56.9
3.1
1.9
+1,718.5%
Free cash flow
-44.3
6.5
3.1
Free cash flow margin
-14.6%
2.7%
1.6%
Cash from investing
-81.5
-13.1
-6.5
Cash from financing
71.2
5.1
7.7
+1,301.9%
Depreciation and amortisation
4.5
4.2
3.8
+6.6%
Share-based compensation
4.8
3.4
2.9
+39.7%
Shares outstanding at period end
34m
30m
29m
+13.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
129
48.4
44.7
+166.7%
Debt
12.9
9.3
4.8
+37.9%
Other liabilities
65.5
48.1
32.9
+36.1%
Total liabilities and equity
208
106
82.3
+96.0%
Fixed assets
69.8
7.9
8.5
+787.2%
Intangible assets
8.1
5.0
4.9
+62.3%
Investments
58.1
40.8
32.1
+42.3%
Cash and equivalents
26.6
25.7
23.6
+3.3%
Other assets
45.0
26.5
13.2
+69.8%
Total assets
208
106
82.3
+96.0%
10-K for the year ended 31 December 2018, filed 14 February 2019: the filing.