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Trupanion Posts Revenue Beat, Eps Miss
Trupanion (NASDAQ:TRUP), a leader in pet medical insurance, released its Q4 2024 earnings on February 19, 2025. The company delivered mixed results, with earnings per share (EPS) at $0.04, missing analysts' expectations of $0.08 by 50%. However, total revenue came in at $337.3 million, beating the $335 million forecast, showcasing a robust 14% year-over-year increase. This quarter marked a positive overall assessment as net income achieved a significant turnaround, going from a loss to a profit of $1.7 million.
Source: Analyst estimates for the quarter provided by FactSet.
Founded on a subscription-based business model, Trupanion generates predictable revenue by offering pet medical insurance. This model requires pet owners to pay recurring fees for coverage tailored to their pets' unique characteristics. Trupanion focuses on high retention levels and efficient pet acquisition to maintain steady growth. Its success hinges on offering tailored insurance products, driving customer satisfaction, and expanding into new markets.
