Trupanion Q2 2025 revenue rises 12% to $353.6 million; net income $9.4 million
Trupanion reported second-quarter 2025 results, with total revenue up 12% year over year and net income of $9.4 million, compared with a net loss a year earlier. Net income includes a $7.8 million realized gain from exchanging a preferred stock investment for intellectual property, so the profit figure is partly non-operating. Total enrolled pets fell 2% from a year earlier, while subscription enrolled pets rose 4%.
Key points
- Total revenue was $353.6 million for the quarter ended June 30, 2025, up 12% from $314.8 million a year earlier.
- Net income was $9.4 million, or $0.22 per diluted share, versus a net loss of $5.9 million, or $(0.14) per share, in Q2 2024.
- Adjusted EBITDA was $16.6 million, compared with $7.4 million in Q2 2024.
- Cash and short-term investments totaled $319.6 million at June 30, 2025, with an additional $15 million available under its credit facility.
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 August 07, 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.