Trupanion (TRUP) FY2020 results: revenue $502 million, up 30.8% on the year
Trupanion, Inc. (TRUP) reported revenue of $502 million for fiscal 2020, the year ended 31 December 2020, up 30.8% on the year before. Net income was -$6 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$502 million
+30.8% on the year
FY2013FY2020
Operating margin
-1.0%
-0.5% a year earlier
FY2013FY2020
Net income
-$6 million
FY2013FY2020
Diluted EPS
-$0.16
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
502
384
304
+30.8%
Cost of revenue
420
319
253
+31.7%
Gross profit
81.9
64.9
51.4
+26.1%
Gross margin
16.3%
16.9%
16.9%
Operating income
-4.9
-1.9
-1.0
Operating margin
-1.0%
-0.5%
-0.3%
Interest expense
1.4
1.3
1.2
+2.4%
Pre-tax income
-5.7
-1.6
-0.9
Income tax
0.1
0.2
-0.0
-33.1%
Net income
-5.8
-1.8
-0.9
Net margin
-1.2%
-0.5%
-0.3%
Diluted EPS
-$0.16
-$0.05
-$0.03
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
21.5
16.2
12.7
+33.3%
Capital expenditure
7.5
5.4
56.9
+38.7%
Free cash flow
14.1
10.8
-44.3
+30.7%
Free cash flow margin
2.8%
2.8%
-14.6%
Cash from investing
-76.7
-28.0
-81.5
Cash from financing
171
14.0
71.2
+1,116.5%
Depreciation and amortisation
7.1
5.6
4.5
+25.6%
Share-based compensation
8.9
6.8
4.8
+30.2%
Diluted shares, weighted
36m
n/a
n/a
Shares outstanding at period end
39m
35m
34m
+12.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
340
137
129
+148.6%
Debt
0.0
26.1
12.9
Other liabilities
158
94.4
65.5
+67.8%
Total liabilities and equity
498
257
208
+93.7%
Fixed assets
72.6
70.4
69.8
+3.2%
Goodwill
33.0
0.0
n/a
Intangible assets
27.1
7.7
8.1
+251.0%
Investments
95.4
74.1
58.1
+28.9%
Cash and equivalents
140
29.2
26.6
+379.6%
Other assets
130
75.9
45.0
+71.6%
Total assets
498
257
208
+93.7%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.