For the twelve months ended Sep 30, 2026, Trupanion Inc. reported $1.56B of revenue and $26.62M of net income.
TRUP revenue was $405.59M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.5% from a year earlier and up 3.2% from the prior quarter. For the full fiscal 2025 it was $1.44B, up 11.9% from fiscal 2024. Compound annual growth was +23.4% over 5 years and +25.6% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 14 fiscal years on file.
TRUP net income was $9.28M in fiscal Q3 2026 (ended Sep 30, 2026), up 58.0% from a year earlier and up 35.9% from the prior quarter. For the full fiscal 2025 it was $19.43M, compared with -$9.63M in fiscal 2024. Fiscal 2025 is the highest of the 14 fiscal years on file.
TRUP diluted EPS was $0.21 in fiscal Q3 2026 (ended Sep 30, 2026), up 61.5% from a year earlier and up 31.3% from the prior quarter. For the full fiscal 2025 it was $0.45, compared with -$0.23 in fiscal 2024.
TRUP free cash flow was $28.46M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.9% from a year earlier and up 48.6% from the prior quarter. For the full fiscal 2025 it was $75.36M, up 95.4% from fiscal 2024. Compound annual growth was +39.8% over 5 years. Fiscal 2025 is the highest of the 14 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.29B | $1.11B | $905.18M | $698.99M | $502.03M | $383.94M | $303.96M | $242.67M | $188.23M |
| Cost of revenue | $1.21B | $1.11B | $977.59M | $782.99M | $594.64M | $420.13M | $319.01M | $252.59M | - | - |
| Gross profit | $231.01M | $178.80M | $131.02M | $122.19M | $104.35M | $81.90M | $64.92M | $51.37M | $43.05M | $33.29M |
| Selling, general and admin | $76.65M | $63.73M | $60.21M | $39.38M | $31.89M | $21.85M | $18.38M | $17.10M | $16.82M | $15.21M |
| Operating income | $13.84M | -$9.51M | -$40.66M | -$43.00M | -$35.20M | -$4.93M | -$1.92M | -$1.04M | -$2.64M | -$6.70M |
| Interest expense | $13.76M | $14.50M | $12.08M | $4.27M | $10.0K | $1.38M | $1.35M | $1.20M | $533.0K | $218.0K |
| Pre-tax income | $21.99M | -$9.64M | -$45.03M | -$44.20M | -$35.22M | -$5.73M | -$1.64M | -$934.0K | -$1.93M | -$6.86M |
| Income tax | $2.56M | -$5.0K | -$342.0K | $476.0K | $310.0K | $113.0K | $169.0K | -$7.0K | -$428.0K | $38.0K |
| Net income | $19.43M | -$9.63M | -$44.69M | -$44.67M | -$35.53M | -$5.84M | -$1.81M | -$927.0K | -$1.50M | -$6.90M |
| EPS, basic | $0.45 | -$0.23 | -$1.08 | -$1.10 | -$0.89 | -$0.16 | -$0.05 | -$0.03 | -$0.05 | -$0.24 |
| EPS, diluted | $0.45 | -$0.23 | -$1.08 | -$1.10 | -$0.89 | -$0.16 | -$0.05 | -$0.03 | -$0.05 | -$0.24 |
| Diluted shares | 43.6M | 42.2M | 41.4M | 40.8M | 40.1M | 35.9M | 34.6M | 32.0M | 29.6M | 28.5M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $138.02M | $199.53M | $170.46M | $84.64M | $100.87M | $146.20M | $30.57M | $27.95M | $26.31M | $24.24M |
| Short-term investments | $232.71M | $147.09M | $129.67M | $156.80M | $126.01M | $89.86M | $69.73M | $54.56M | $37.59M | $29.57M |
| Current assets | $691.06M | $597.33M | $562.09M | $469.10M | $390.95M | $337.03M | $158.82M | $117.98M | $86.56M | $65.39M |
| Goodwill | $39.38M | $36.97M | $43.71M | $41.98M | $32.71M | $33.05M | $0 | - | - | - |
| Total assets | $915.04M | $806.85M | $782.95M | $671.63M | $562.58M | $498.25M | $257.20M | $207.51M | $105.86M | $82.34M |
| Current liabilities | $409.81M | $349.63M | $344.47M | $289.62M | $223.70M | $150.40M | $91.63M | $63.20M | $45.87M | $30.41M |
| Short-term debt | $10.00M | $1.35M | $1.35M | $1.10M | $0 | - | - | - | - | - |
| Long-term debt | $101.78M | $127.54M | $127.58M | $68.35M | $0 | $0 | $26.09M | $12.86M | $9.32M | $4.77M |
| Total debt | $111.78M | $128.89M | $128.93M | $69.46M | $0 | $0 | $26.09M | $12.86M | $9.32M | $4.77M |
| Total liabilities | $531.11M | $483.58M | $479.23M | $366.33M | $230.38M | $158.31M | $120.44M | $78.34M | $57.42M | $37.63M |
| Shareholders' equity | $383.94M | $323.27M | $303.72M | $305.30M | $332.20M | $339.94M | $136.76M | $129.17M | $48.43M | $44.72M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $89.49M | $48.29M | $18.64M | -$8.00M | $7.46M | $21.54M | $16.16M | $12.68M | $9.67M | $5.01M |
| Capital expenditures | $14.13M | $9.72M | $18.28M | $17.09M | $12.36M | $7.45M | $5.37M | $56.94M | $3.13M | $1.94M |
| Free cash flow | $75.36M | $38.57M | $358.0K | -$25.09M | -$4.90M | $14.09M | $10.78M | -$44.26M | $6.54M | $3.06M |
| Investing cash flow | -$95.89M | -$13.46M | $7.64M | -$67.52M | -$51.91M | -$76.75M | -$28.01M | -$81.45M | -$13.06M | -$6.51M |
| Financing cash flow | -$22.86M | -$3.96M | $59.13M | $60.74M | -$1.13M | $170.85M | $14.04M | $71.23M | $5.08M | $7.67M |
| Share repurchases | - | $0 | $0 | $5.75M | $0 | - | - | - | - | - |
| Stock-based compensation | $38.31M | $33.43M | $33.16M | $33.39M | $28.23M | $8.91M | $6.85M | $4.78M | $3.42M | $2.95M |
| Depreciation and amortization | $15.84M | $16.47M | $12.47M | $10.92M | $11.96M | $7.07M | $5.63M | $4.51M | $4.23M | $3.85M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 11.9% | 16.0% | 22.5% | 29.5% | 39.2% | 30.8% | 26.3% | 25.3% | 28.9% | 28.1% |
| Gross margin | 16.1% | 13.9% | 11.8% | 13.5% | 14.9% | 16.3% | 16.9% | 16.9% | 17.7% | 17.7% |
| Operating margin | 1.0% | -0.7% | -3.7% | -4.8% | -5.0% | -1.0% | -0.5% | -0.3% | -1.1% | -3.6% |
| Net margin | 1.4% | -0.7% | -4.0% | -4.9% | -5.1% | -1.2% | -0.5% | -0.3% | -0.6% | -3.7% |
| Free cash flow margin | 5.2% | 3.0% | 0.0% | -2.8% | -0.7% | 2.8% | 2.8% | -14.6% | 2.7% | 1.6% |
| Return on equity | 5.1% | -3.0% | -14.7% | -14.6% | -10.7% | -1.7% | -1.3% | -0.7% | -3.1% | -15.4% |
| Return on assets | 2.1% | -1.2% | -5.7% | -6.7% | -6.3% | -1.2% | -0.7% | -0.4% | -1.4% | -8.4% |
| Current ratio | 1.69 | 1.71 | 1.63 | 1.62 | 1.75 | 2.24 | 1.73 | 1.87 | 1.89 | 2.15 |
| Debt to equity | 0.29 | 0.40 | 0.42 | 0.23 | 0.00 | 0.00 | 0.19 | 0.10 | 0.19 | 0.11 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $405.59M | $392.93M | $384.05M | $376.85M | $366.92M | $353.56M | $341.98M | $337.31M | $327.46M | $314.80M | $306.12M | $295.86M |
| Cost of revenue | $336.09M | $327.80M | $322.56M | $311.83M | $306.87M | $298.73M | $290.87M | $284.38M | $278.08M | $274.53M | $269.89M | $255.79M |
| Gross profit | $69.50M | $65.13M | $61.49M | $65.03M | $60.05M | $54.83M | $51.10M | $52.92M | $49.38M | $40.27M | $36.23M | $40.06M |
| Selling, general and admin | $19.44M | $19.52M | $19.10M | $18.32M | $18.31M | $20.12M | $19.89M | $16.83M | $16.98M | $15.25M | $14.67M | $13.39M |
| Operating income | $9.54M | $6.38M | $4.78M | $7.14M | $5.86M | $2.31M | -$1.47M | $348.0K | $1.75M | -$5.47M | -$6.14M | $408.0K |
| Interest expense | $1.82M | $1.83M | $1.88M | $4.08M | $2.79M | $3.68M | $3.21M | $3.43M | $3.82M | $3.65M | $3.60M | $3.70M |
| Pre-tax income | $10.25M | $7.37M | $5.96M | $6.29M | $6.60M | $10.55M | -$1.44M | $1.69M | $1.46M | -$5.91M | -$6.89M | -$2.03M |
| Income tax | $964.0K | $542.0K | $1.08M | $663.0K | $726.0K | $1.13M | $39.0K | $38.0K | $39.0K | -$44.0K | -$38.0K | $130.0K |
| Net income | $9.28M | $6.83M | $4.88M | $5.63M | $5.87M | $9.41M | -$1.48M | $1.66M | $1.43M | -$5.86M | -$6.85M | -$2.16M |
| EPS, basic | $0.21 | $0.16 | $0.11 | $0.12 | $0.14 | $0.22 | -$0.03 | $0.04 | $0.03 | -$0.14 | -$0.16 | -$0.05 |
| EPS, diluted | $0.21 | $0.16 | $0.11 | $0.13 | $0.13 | $0.22 | -$0.03 | $0.04 | $0.03 | -$0.14 | -$0.16 | -$0.05 |
| Diluted shares | 43.8M | 43.8M | 43.7M | - | 43.6M | 43.3M | 42.8M | - | 42.8M | 42.1M | 41.9M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $170.35M | $149.36M | $153.46M | $138.02M | $188.91M | $164.47M | $206.01M | $199.53M | $160.87M | $147.59M | $169.56M | $170.46M |
| Short-term investments | $226.48M | $249.13M | $230.21M | $232.71M | $193.76M | $196.85M | $155.51M | $147.09M | $155.58M | $152.87M | $128.73M | $129.67M |
| Current assets | $713.65M | $719.44M | $705.17M | $691.06M | $668.03M | $629.08M | $628.34M | $597.33M | $599.57M | $578.86M | $570.76M | $562.09M |
| Goodwill | $38.57M | $38.63M | $38.62M | $39.38M | $40.38M | $40.99M | $38.32M | $36.97M | $45.18M | $43.03M | $42.98M | $43.71M |
| Total assets | $921.62M | $930.81M | $921.58M | $915.04M | $880.17M | $847.79M | $837.16M | $806.85M | $816.12M | $795.95M | $789.46M | $782.95M |
| Current liabilities | $410.04M | $405.48M | $408.37M | $409.81M | $390.77M | $372.29M | $369.34M | $349.63M | $361.85M | $355.81M | $351.58M | $344.47M |
| Short-term debt | $10.00M | $10.00M | $10.00M | $10.00M | $750.0K | $1.35M | $1.35M | $1.35M | $1.35M | $1.35M | $1.35M | $1.35M |
| Long-term debt | $94.47M | $96.91M | $99.35M | $101.78M | $113.79M | $113.12M | $127.53M | $127.54M | $127.55M | $127.56M | $127.48M | $127.58M |
| Total debt | $104.47M | $106.91M | $109.35M | $111.78M | $114.54M | $114.47M | $128.88M | $128.89M | $128.90M | $128.91M | $128.83M | $128.93M |
| Total liabilities | $522.42M | $521.14M | $526.76M | $531.11M | $511.61M | $492.33M | $503.49M | $483.58M | $495.94M | $490.10M | $486.09M | $479.23M |
| Shareholders' equity | $399.20M | $409.67M | $394.82M | $383.94M | $368.56M | $355.45M | $333.67M | $323.27M | $320.18M | $305.85M | $303.37M | $303.72M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.71M | $20.98M | $14.59M | $29.26M | $29.24M | $15.03M | $15.96M | $23.70M | $15.29M | $6.86M | $2.43M | $17.51M |
| Capital expenditures | $2.25M | $1.82M | $847.0K | $3.92M | $5.30M | $2.98M | $1.93M | $1.86M | $1.91M | $2.88M | $3.06M | $3.97M |
| Free cash flow | $28.46M | $19.16M | $13.75M | $25.34M | $23.93M | $12.05M | $14.04M | $21.84M | $13.38M | $3.98M | -$631.0K | $13.54M |
| Investing cash flow | $18.64M | -$22.54M | $113.0K | -$42.13M | -$2.32M | -$42.47M | -$8.97M | $18.46M | -$1.46M | -$27.72M | -$2.74M | -$17.45M |
| Financing cash flow | -$28.06M | -$2.57M | -$2.74M | -$5.08M | -$1.44M | -$15.89M | -$459.0K | -$1.67M | -$1.04M | -$958.0K | -$286.0K | $569.0K |
| Share repurchases | - | - | - | - | - | - | - | - | - | - | - | $0 |
| Stock-based compensation | $8.05M | $9.97M | $9.00M | $9.53M | $9.50M | $9.46M | $9.83M | $8.29M | $8.34M | $8.65M | $8.15M | $7.30M |
| Depreciation and amortization | $3.83M | $3.67M | $3.71M | $4.03M | $4.05M | $3.96M | $3.79M | $3.92M | $4.38M | $4.38M | $3.79M | $3.03M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 10.5% | 11.1% | 12.3% | 11.7% | 12.1% | 12.3% | 11.7% | 14.0% | 14.6% | 16.3% | 19.4% | 20.3% |
| Net income growth, YoY | 58.0% | -27.4% | - | 240.0% | 312.1% | - | - | - | - | - | - | - |
| EPS growth, YoY | 61.5% | -27.3% | - | 225.0% | 333.3% | - | - | - | - | - | - | - |
| Gross margin | 17.1% | 16.6% | 16.0% | 17.3% | 16.4% | 15.5% | 14.9% | 15.7% | 15.1% | 12.8% | 11.8% | 13.5% |
| Operating margin | 2.4% | 1.6% | 1.2% | 1.9% | 1.6% | 0.7% | -0.4% | 0.1% | 0.5% | -1.7% | -2.0% | 0.1% |
| Net margin | 2.3% | 1.7% | 1.3% | 1.5% | 1.6% | 2.7% | -0.4% | 0.5% | 0.4% | -1.9% | -2.2% | -0.7% |
| Free cash flow margin | 7.0% | 4.9% | 3.6% | 6.7% | 6.5% | 3.4% | 4.1% | 6.5% | 4.1% | 1.3% | -0.2% | 4.6% |
| Current ratio | 1.74 | 1.77 | 1.73 | 1.69 | 1.71 | 1.69 | 1.70 | 1.71 | 1.66 | 1.63 | 1.62 | 1.63 |
| Debt to equity | 0.26 | 0.26 | 0.28 | 0.29 | 0.31 | 0.32 | 0.39 | 0.40 | 0.40 | 0.42 | 0.42 | 0.42 |
Source: XBRL data Trupanion Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TRUP | $1.56B | +11.4% | $26.62M | 1.7% | $1.54B |
| UNH | $449.66B | +3.3% | $15.88B | 3.5% | $356.28B |
| ELV | $201.83B | +3.6% | $5.13B | 2.5% | $90.37B |
| CI | $286.32B | +6.8% | $5.99B | 2.1% | $77.89B |
| HUM | $154.19B | +22.0% | $1.25B | 0.8% | $50.82B |
| NTRA | $2.91B | +37.4% | -$164.71M | -5.7% | $46.46B |
| CNC | $203.90B | +9.7% | $1.46B | 0.7% | $33.93B |
| ILMN | $4.54B | +5.8% | $895.00M | 19.7% | $33.38B |
| LH | $14.59B | +6.0% | $1.00B | 6.9% | $30.19B |