Trupanion Q1 2025 revenue rises 12% to $342.0 million; net loss narrows
Trupanion reported first quarter 2025 results for the period ended March 31, 2025. Total revenue rose 12% to $342.0 million, and the net loss narrowed to $1.5 million, or $0.03 per share, from $6.9 million, or $0.16 per share, a year earlier. The filing does not include updated financial guidance.
Key points
- Total revenue was $342.0 million, up 12% from the first quarter of 2024; subscription business revenue was $233.1 million, up 16%.
- Net loss was $1.5 million, or $0.03 per share, versus $6.9 million, or $0.16 per share, in the first quarter of 2024.
- Adjusted EBITDA was $12.2 million, compared with $4.8 million a year earlier; free cash flow was $14.0 million.
- Total enrolled pets were 1,667,637 at March 31, 2025, down 2% year over year, while subscription enrolled pets rose 5% to 1,052,845.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.