TRUPANION INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
TRUP$35.50-3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Trupanion, Inc. Consolidated Statements of Operations(in thousands, except share data) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Revenue | $1,285,684 | $1,108,605 | $905,179 |
| Cost of revenue: | |||
| Veterinary invoice expense(1) | 949,148 | 831,055 | 649,737 |
| Other cost of revenue(1) | 157,738 | 146,534 | 133,257 |
| Total cost of revenue | 1,106,886 | 977,589 | 782,994 |
| Operating expenses: | |||
| Technology and development(1) | 31,255 | 21,403 | 25,133 |
| General and administrative(1) | 63,731 | 60,207 | 39,379 |
| New pet acquisition expense(1) | 71,379 | 77,372 | 89,500 |
| Goodwill impairment charges | 5,299 | — | — |
| Depreciation and amortization | 16,466 | 12,474 | 10,921 |
| Total operating expenses | 188,130 | 171,456 | 164,933 |
| Gain (loss) from investment in joint venture | (182) | (219) | (253) |
| Operating loss | (9,514) | (40,659) | (43,001) |
| Interest expense | 14,498 | 12,077 | 4,267 |
| Other expense (income), net | (14,374) | (7,701) | (3,072) |
| Loss before income taxes | (9,638) | (45,035) | (44,196) |
| Income tax expense (benefit) | (5) | (342) | 476 |
| Net loss | $(9,633) | $(44,693) | $(44,672) |
| Net loss per share: | |||
| Basic and diluted | $(0.23) | $(1.08) | $(1.10) |
| Weighted average shares of common stock outstanding: | |||
| Basic and diluted | 42,158,773 | 41,436,882 | 40,765,355 |
| (1)Includes stock-based compensation expense as follows: | |||
|---|---|---|---|
| Veterinary invoice expense | $3,460 | $3,667 | $4,145 |
| Other cost of revenue | 2,063 | 1,612 | 2,339 |
| Technology and development | 4,934 | 2,846 | 4,742 |
| General and administrative | 15,696 | 17,717 | 12,831 |
| New pet acquisition expense | 7,279 | 7,319 | 9,336 |
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