Trupanion (TRUP) FY2019 results: revenue $384 million, up 26.3% on the year
Trupanion, Inc. (TRUP) reported revenue of $384 million for fiscal 2019, the year ended 31 December 2019, up 26.3% on the year before. Net income was -$2 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$384 million
+26.3% on the year
FY2012FY2019
Operating margin
-0.5%
-0.3% a year earlier
FY2012FY2019
Net income
-$2 million
FY2012FY2019
Diluted EPS
-$0.05
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
384
304
243
+26.3%
Cost of revenue
319
253
n/a
+26.3%
Gross profit
64.9
51.4
43.0
+26.4%
Gross margin
16.9%
16.9%
17.7%
Operating income
-1.9
-1.0
-2.6
Operating margin
-0.5%
-0.3%
-1.1%
Interest expense
1.3
1.2
0.5
+12.6%
Pre-tax income
-1.6
-0.9
-1.9
Income tax
0.2
-0.0
-0.4
Net income
-1.8
-0.9
-1.5
Net margin
-0.5%
-0.3%
-0.6%
Diluted EPS
-$0.05
-$0.03
-$0.05
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
16.2
12.7
9.7
+27.4%
Capital expenditure
5.4
56.9
3.1
-90.6%
Free cash flow
10.8
-44.3
6.5
Free cash flow margin
2.8%
-14.6%
2.7%
Cash from investing
-28.0
-81.5
-13.1
Cash from financing
14.0
71.2
5.1
-80.3%
Depreciation and amortisation
5.6
4.5
4.2
+24.8%
Share-based compensation
6.8
4.8
3.4
+43.4%
Shares outstanding at period end
35m
34m
30m
+2.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
137
129
48.4
+5.9%
Debt
26.1
12.9
9.3
+102.8%
Other liabilities
94.4
65.5
48.1
+44.1%
Total liabilities and equity
257
208
106
+23.9%
Fixed assets
70.4
69.8
7.9
+0.8%
Goodwill
0.0
n/a
n/a
Intangible assets
7.7
8.1
5.0
-4.2%
Investments
74.1
58.1
40.8
+27.4%
Cash and equivalents
29.2
26.6
25.7
+9.9%
Other assets
75.9
45.0
26.5
+68.7%
Total assets
257
208
106
+23.9%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.