Trupanion (TRUP)

Nasdaq Financials Life & Health Insurance S&P SmallCap 600

$36.75

+2.03 (+5.85%)

Close of Nov 06, 2026 · end-of-day data

Source: Trupanion's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$188.23M	$242.67M	$303.96M	$383.94M	$502.03M	$698.99M	$905.18M	$1.11B	$1.29B	$1.44B
Cost of revenue	—	—	$252.59M	$319.01M	$420.13M	$594.64M	$782.99M	$977.59M	$1.11B	$1.21B
Gross profit	$33.29M	$43.05M	$51.37M	$64.92M	$81.90M	$104.35M	$122.19M	$131.02M	$178.80M	$231.01M
Operating income	-$6.70M	-$2.64M	-$1.04M	-$1.92M	-$4.93M	-$35.20M	-$43.00M	-$40.66M	-$9.51M	$13.84M
Interest expense	$218.00K	$533.00K	$1.20M	$1.35M	$1.38M	$10.00K	$4.27M	$12.08M	$14.50M	$13.76M
Pre-tax income	-$6.86M	-$1.93M	-$934.00K	-$1.64M	-$5.73M	-$35.22M	-$44.20M	-$45.03M	-$9.64M	$21.99M
Income tax	$38.00K	-$428.00K	-$7.00K	$169.00K	$113.00K	$310.00K	$476.00K	-$342.00K	-$5.00K	$2.56M
Net income	-$6.90M	-$1.50M	-$927.00K	-$1.81M	-$5.84M	-$35.53M	-$44.67M	-$44.69M	-$9.63M	$19.43M
EBITDA	-$2.85M	$1.59M	$3.47M	$3.71M	$2.14M	-$23.23M	-$32.08M	-$28.18M	$6.95M	$29.67M
EPS (basic)	$-0.24	$-0.05	$-0.03	$-0.05	$-0.16	$-0.89	$-1.10	$-1.08	$-0.23	$0.45
EPS (diluted)	$-0.24	$-0.05	$-0.03	$-0.05	$-0.16	$-0.89	$-1.10	$-1.08	$-0.23	$0.45
Diluted shares	28.53M	29.59M	31.96M	34.65M	35.86M	40.14M	40.77M	41.44M	42.16M	43.56M
Gross margin	17.7%	17.7%	16.9%	16.9%	16.3%	14.9%	13.5%	11.8%	13.9%	16.1%
Operating margin	-3.6%	-1.1%	-0.3%	-0.5%	-1.0%	-5.0%	-4.8%	-3.7%	-0.7%	1.0%
Net margin	-3.7%	-0.6%	-0.3%	-0.5%	-1.2%	-5.1%	-4.9%	-4.0%	-0.7%	1.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$23.64M	$25.71M	$26.55M	$29.17M	$139.88M	$87.40M	$65.61M	$147.50M	$160.29M	$138.02M
Short-term investments	$29.57M	$37.59M	$54.56M	$69.73M	$89.86M	$126.01M	$156.80M	$129.67M	$147.09M	$232.71M
Total current assets	$65.39M	$86.56M	$117.98M	$158.82M	$337.03M	$390.95M	$469.10M	$562.09M	$597.33M	$691.06M
Goodwill	—	—	—	$0	$33.05M	$32.71M	$41.98M	$43.71M	$36.97M	$39.38M
Total assets	$82.34M	$105.86M	$207.51M	$257.20M	$498.25M	$562.58M	$671.63M	$782.95M	$806.85M	$915.04M
Total current liabilities	$30.41M	$45.87M	$63.20M	$91.62M	$150.40M	$223.70M	$289.62M	$344.47M	$349.63M	$409.81M
Short-term debt	—	—	—	—	—	$0	$1.10M	$1.35M	$1.35M	$10.00M
Long-term debt	$4.77M	$9.32M	$12.86M	$26.09M	$0	$0	$68.35M	$127.58M	$127.54M	$101.78M
Total debt	$4.77M	$9.32M	$12.86M	$26.09M	$0	$0	$69.46M	$128.93M	$128.89M	$111.78M
Total liabilities	$37.63M	$57.42M	$78.34M	$120.44M	$158.31M	$230.38M	$366.33M	$479.23M	$483.58M	$531.11M
Shareholders' equity	$44.72M	$48.43M	$129.17M	$136.76M	$339.94M	$332.20M	$305.30M	$303.72M	$323.27M	$383.94M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$5.01M	$9.67M	$12.68M	$16.16M	$21.54M	$7.46M	-$8.00M	$18.64M	$48.29M	$89.49M
Capital expenditures	$1.94M	$3.13M	$56.94M	$5.37M	$7.45M	$12.36M	$17.09M	$18.28M	$9.72M	$14.13M
Free cash flow	$3.06M	$6.54M	-$44.26M	$10.78M	$14.09M	-$4.90M	-$25.09M	$358.00K	$38.57M	$75.36M
Investing cash flow	-$6.51M	-$13.06M	-$81.45M	-$28.01M	-$76.75M	-$51.91M	-$67.52M	$7.64M	-$13.46M	-$95.89M
Financing cash flow	$7.67M	$5.08M	$71.23M	$14.04M	$170.85M	-$1.12M	$60.74M	$59.13M	-$3.96M	-$22.86M
Share buybacks	—	—	—	—	—	$0	$5.75M	$0	$0	—
Stock-based compensation	$2.95M	$3.42M	$4.78M	$6.85M	$8.91M	$28.23M	$33.39M	$33.16M	$33.43M	$38.31M
Depreciation & amortization	$3.85M	$4.23M	$4.51M	$5.63M	$7.07M	$11.96M	$10.92M	$12.47M	$16.47M	$15.84M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$295.86M	$306.12M	$314.80M	$327.46M	$337.31M	$341.98M	$353.56M	$366.92M	$376.85M	$384.05M	$392.93M	$405.59M
Cost of revenue	$255.79M	$269.89M	$274.53M	$278.08M	$284.38M	$290.87M	$298.73M	$306.87M	$311.83M	$322.56M	$327.80M	$336.09M
Gross profit	$40.06M	$36.23M	$40.27M	$49.38M	$52.92M	$51.10M	$54.83M	$60.05M	$65.03M	$61.49M	$65.13M	$69.50M
Operating income	$408.00K	-$6.14M	-$5.47M	$1.75M	$348.00K	-$1.47M	$2.31M	$5.86M	$7.14M	$4.78M	$6.38M	$9.54M
Interest expense	$3.70M	$3.60M	$3.65M	$3.82M	$3.43M	$3.21M	$3.68M	$2.79M	$4.08M	$1.88M	$1.83M	$1.82M
Pre-tax income	-$2.03M	-$6.89M	-$5.91M	$1.46M	$1.69M	-$1.44M	$10.55M	$6.60M	$6.29M	$5.96M	$7.37M	$10.25M
Income tax	$130.00K	-$38.00K	-$44.00K	$39.00K	$38.00K	$39.00K	$1.13M	$726.00K	$663.00K	$1.08M	$542.00K	$964.00K
Net income	-$2.16M	-$6.85M	-$5.86M	$1.43M	$1.66M	-$1.48M	$9.41M	$5.87M	$5.63M	$4.88M	$6.83M	$9.28M
EBITDA	$3.44M	-$2.35M	-$1.09M	$6.13M	$4.27M	$2.32M	$6.28M	$9.91M	$11.17M	$8.48M	$10.05M	$13.37M
EPS (basic)	$-0.05	$-0.16	$-0.14	$0.03	$0.04	$-0.03	$0.22	$0.14	$0.13	$0.11	$0.16	$0.21
EPS (diluted)	$-0.05	$-0.16	$-0.14	$0.03	$0.04	$-0.03	$0.22	$0.13	$0.13	$0.11	$0.16	$0.21
Diluted shares	92.69K	41.92M	42.08M	42.82M	81.78K	42.78M	43.33M	43.56M	5.56K	43.68M	43.82M	43.76M
Gross margin	13.5%	11.8%	12.8%	15.1%	15.7%	14.9%	15.5%	16.4%	17.3%	16.0%	16.6%	17.1%
Operating margin	0.1%	-2.0%	-1.7%	0.5%	0.1%	-0.4%	0.7%	1.6%	1.9%	1.2%	1.6%	2.4%
Net margin	-0.7%	-2.2%	-1.9%	0.4%	0.5%	-0.4%	2.7%	1.6%	1.5%	1.3%	1.7%	2.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$147.50M	$146.46M	$124.34M	$137.48M	$160.29M	$166.31M	$122.74M	$154.77M	$138.02M	$153.46M	$149.36M	$170.35M
Short-term investments	$129.67M	$128.73M	$152.87M	$155.58M	$147.09M	$155.51M	$196.85M	$193.76M	$232.71M	$230.21M	$249.13M	$226.48M
Total current assets	$562.09M	$570.76M	$578.86M	$599.57M	$597.33M	$628.34M	$629.08M	$668.03M	$691.06M	$705.17M	$719.44M	$713.65M
Goodwill	$43.71M	$42.98M	$43.03M	$45.18M	$36.97M	$38.32M	$40.99M	$40.38M	$39.38M	$38.62M	$38.62M	$38.57M
Total assets	$782.95M	$789.46M	$795.95M	$816.12M	$806.85M	$837.16M	$847.79M	$880.17M	$915.04M	$921.58M	$930.81M	$921.62M
Total current liabilities	$344.47M	$351.58M	$355.81M	$361.85M	$349.63M	$369.34M	$372.29M	$390.77M	$409.81M	$408.37M	$405.48M	$410.04M
Short-term debt	$1.35M	$1.35M	$1.35M	$1.35M	$1.35M	$1.35M	$1.35M	$750.00K	$10.00M	$10.00M	$10.00M	$10.00M
Long-term debt	$127.58M	$127.48M	$127.56M	$127.55M	$127.54M	$127.53M	$113.12M	$113.79M	$101.78M	$99.35M	$96.91M	$94.47M
Total debt	$128.93M	$128.83M	$128.91M	$128.90M	$128.89M	$128.88M	$114.47M	$114.54M	$111.78M	$109.35M	$106.91M	$104.47M
Total liabilities	$479.23M	$486.09M	$490.10M	$495.94M	$483.58M	$503.49M	$492.33M	$511.61M	$531.11M	$526.76M	$521.14M	$522.42M
Shareholders' equity	$303.72M	$303.37M	$305.85M	$320.18M	$323.27M	$333.67M	$355.45M	$368.56M	$383.94M	$394.82M	$409.67M	$399.20M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$17.51M	$2.43M	$6.86M	$15.29M	$23.70M	$15.96M	$15.03M	$29.24M	$29.26M	$14.59M	$20.98M	$30.71M
Capital expenditures	$3.97M	$3.06M	$2.88M	$1.91M	$1.86M	$1.93M	$2.98M	$5.30M	$3.92M	$847.00K	$1.82M	$2.25M
Free cash flow	$13.54M	-$631.00K	$3.98M	$13.38M	$21.84M	$14.04M	$12.05M	$23.93M	$25.34M	$13.75M	$19.16M	$28.46M
Investing cash flow	-$17.45M	-$2.74M	-$27.72M	-$1.46M	$18.46M	-$8.97M	-$42.47M	-$2.32M	-$42.13M	$113.00K	-$22.54M	$18.64M
Financing cash flow	$569.00K	-$286.00K	-$958.00K	-$1.04M	-$1.67M	-$459.00K	-$15.89M	-$1.44M	-$5.08M	-$2.74M	-$2.57M	-$28.06M
Share buybacks	$0	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	$7.30M	$8.15M	$8.65M	$8.34M	$8.29M	$9.83M	$9.46M	$9.50M	$9.53M	$9.00M	$9.97M	$8.05M
Depreciation & amortization	$3.03M	$3.79M	$4.38M	$4.38M	$3.92M	$3.79M	$3.96M	$4.05M	$4.03M	$3.71M	$3.67M	$3.83M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.