Saturday 17 October 2026 Export TRUP’s income statement to Excel — free account

Trupanion, Inc.

TRUP Financial Insurance Property & Casualty

Trupanion, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 11.9% from fiscal 2024. In the quarter to June 2026, revenue grew 11.1%, EPS fell 27.3%, free cash flow grew 59.0% and total debt fell 6.60%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

28.12 0.26 +0.93%

Follow TRUP

Alert me

Market cap: $1.2B
P/E: 52.1×
Fwd P/E: 40.6×
Dividend yield: —
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.55

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	2	1	4	2	1	3	2	1	4	2	1

Insider Ownership 29.82%

Capital & Financial Ratios $m

Market Cap 1,220.00

Revenue 1,520.76

Net Income 23.21

Free Cash Flow 82.18

Net Debt (291.58)

Current Ratio 1.77

Debt/Equity 0.26

P/E ratio 52.07

Fwd P/E 40.60

P/S ratio 0.81

P/B ratio 3.00

Past 5Y EPS Growth —

This Y EPS Growth 40.37%

Next Y EPS Growth 11.35%

Next Y revenue growth 10.61%

Next 5Y EPS Growth 8.98%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 5.27%

10-year low 10-year high

P/B against its own 10 years 5.75%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	277	307	371	398
Receivables	268	274	302	302
Inventory	—	—	—	—
Other	—	—	—	—
	562	597	691	719

	2023	2024	2025	Q'26
Payables	11	12	16	12
ST’ Debt	1	1	10	10
Other	63	52	56	52
	344	350	410	405

Compound Annual Growth %

	10y	5y	3y
Sales	25.63%	23.45%	16.72%
Cash Flow	0.00%	32.95%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	23.81%	2.46%	7.94%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	384	393	—	—	—
’25	342	354	367	377	1,439
’24	306	315	327	337	1,286
’23	256	271	286	296	1,109
’22	206	219	234	246	905
’21	155	168	182	194	699
’20	111	118	130	143	502

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	15	21	—	—	—
’25	16	15	29	29	89
’24	2	7	15	24	48
’23	(7)	(3)	11	18	19
’22	(4)	(3)	(2)	1	(8)
’21	(2)	(2)	6	5	7
’20	3	5	10	4	22

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	14	19	—	—	—
’25	14	12	24	25	75
’24	(1)	4	13	22	39
’23	(12)	(8)	7	14	0
’22	(7)	(7)	(6)	(4)	(25)
’21	(5)	(5)	3	1	(5)
’20	1	3	9	1	14

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.11	0.16	—	—	—
’25	(0.03)	0.22	0.13	0.13	0.45
’24	(0.16)	(0.14)	0.03	0.04	(0.23)
’23	(0.60)	(0.33)	(0.10)	(0.05)	(1.08)
’22	(0.22)	(0.33)	(0.32)	(0.23)	(1.10)
’21	(0.31)	(0.23)	(0.17)	(0.17)	(0.89)
’20	(0.03)	0.04	(0.07)	(0.09)	(0.16)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.61	13.71	22.38	20.84	22.48	69.74	40.77	18.45	19.69	31.00	Analyst estimates 2026–2028 Powerpack
	High	17.68	33.00	46.70	37.82	124.72	158.25	135.11	69.15	57.90	57.89
People
People	Employees	450	523	586	738	911	1,131	1,187	1,142	1,130	1,121
	Revenue/emp, $m	0.42	0.46	0.52	0.52	0.55	0.62	0.76	0.97	1.14	1.28
Income, $m
Income, $m	Revenue	188	243	304	384	502	699	905	1,109	1,286	1,439
	Gross margin, %	17.68	17.74	16.90	16.91	16.31	14.93	13.50	11.82	13.91	16.05
	EBT	(7)	(2)	(1)	(2)	(6)	(35)	(44)	(45)	(10)	22
	EBT margin, %	(3.64)	(0.80)	(0.31)	(0.43)	(1.14)	(5.04)	(4.88)	(4.06)	(0.75)	1.53
	Net income	(7)	(2)	(1)	(2)	(6)	(36)	(45)	(45)	(10)	19
	Depreciation	4	4	5	6	7	12	11	12	22	17
Per share, $
Per share, $	Revenue	6.60	8.20	9.51	11.08	14.00	17.41	22.20	26.75	30.50	33.50
	Earnings	(0.24)	(0.05)	(0.03)	(0.05)	(0.16)	(0.89)	(1.10)	(1.08)	(0.23)	0.45
	Cash flow	0.18	0.33	0.40	0.47	0.60	0.19	(0.20)	0.45	1.15	2.08
	Capex	(0.07)	(0.11)	(1.78)	(0.16)	(0.21)	(0.31)	(0.42)	(0.44)	(0.23)	(0.33)
	Free cash flow	0.11	0.22	(1.38)	0.31	0.39	(0.12)	(0.62)	0.01	0.91	1.75
	Book value	1.57	1.64	4.04	3.95	9.48	8.28	7.49	7.33	7.67	8.94
	Shares, m	29	30	32	35	36	40	41	41	42	43
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	81.24
	P/S	2.38	3.53	2.68	3.38	8.55	7.58	2.05	1.15	1.58	1.12
	P/B	10.01	17.68	6.30	9.49	12.63	15.95	6.09	4.20	6.29	4.18
	EV/Sales	2.12	3.31	2.45	3.19	8.09	7.28	1.89	1.02	1.44	0.94
	EV/FCF	130.23	122.77	(16.84)	113.59	288.36	(1,038.76)	(68.03)	3,146.27	48.06	17.87
Cash, $m
Cash, $m	Operating cash flow	5	10	13	16	22	7	(8)	19	48	89
	Capex	(2)	(3)	(57)	(5)	(7)	(12)	(17)	(18)	(10)	(14)
	Free cash flow	3	7	(44)	11	14	(5)	(25)	0	39	75
Balance, $m
Balance, $m	Working capital	35	41	55	67	187	167	179	218	248	281
	Total debt	5	9	13	26	1	1	69	129	129	112
	Net debt	(48)	(54)	(68)	(73)	(229)	(213)	(153)	(148)	(178)	(259)
	Shareholders’ equity	45	48	129	137	340	332	305	304	323	384
Returns, %
Returns, %	ROA	(9.00)	(1.60)	(0.59)	(0.78)	(1.55)	(6.70)	(7.24)	(6.15)	(1.21)	2.26
	ROIC	0.00	0.00	(1.07)	(1.88)	(2.77)	(18.39)	(17.64)	(16.34)	(4.11)	6.92
	ROE	(15.31)	(3.23)	(1.04)	(1.36)	(2.45)	(10.57)	(14.01)	(14.68)	(3.07)	5.50

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
STC Stewart Information Services Corporation	$1.6B	11.5×	12.3×	+24.52% (above 0%: growing)	+7.08% (above 0%: growing)	−12.37% (below 0%: shrinking)	64.98%	9.41%	Compare
SAFT Safety Insurance Group, Inc.	$1.5B	22.4×	— (loss-making)	+2.95% (above 0%: growing)	+21.03% (above 0%: growing)	+16.88% (above 0%: growing)	14.33%	13.69%	Compare
UFCS United Fire Group, Inc	$1.4B	10.5×	10.8×	+14.38% (above 0%: growing)	+48.28% (above 0%: growing)	−34.70% (below 0%: shrinking)	33.66%	11.76%	Compare
UVE UNIVERSAL INSURANCE HOLDINGS INC	$1.3B	6.0×	8.1×	+6.72% (above 0%: growing)	+71.20% (above 0%: growing)	−4.81% (below 0%: shrinking)	26.79%	19.11%	Compare
ASIC Ategrity Specialty Insurance Company Holdings	$1.3B	12.3×	10.2×	+45.89% (above 0%: growing)	+75.00% (above 0%: growing)	+47.83% (above 0%: growing)	31.87%	31.28%	Compare
TRUP Trupanion, Inc.	$1.2B	52.1×	40.6×	+11.14% (above 0%: growing)	−27.27% (below 0%: shrinking)	+59.01% (above 0%: growing)	16.58%	1.62%
BOW Bowhead Specialty Holdings Inc.	$1.1B	18.5×	12.9×	+22.96% (above 0%: growing)	+33.33% (above 0%: growing)	−13.86% (below 0%: shrinking)	29.19%	13.09%	Compare
HRTG Heritage Insurance Holdings, Inc.	$1.1B	5.1×	5.1×	+2.96% (above 0%: growing)	+32.90% (above 0%: growing)	+237.57% (above 0%: growing)	50.25%	39.15%	Compare
HIPO Hippo Holdings Inc.	$930.5M	7.4×	70.4×	+23.36% (above 0%: growing)	+660.00% (above 0%: growing)	+86.85% (above 0%: growing)	100.00%	8.02%	Compare
Median of peers	$1.3B	11.0×	10.8×	+18.67%	+40.81%	+6.04%	32.77%	13.39%

All 45 Insurance Property & Casualty stocks →

Trupanion, Inc. (TRUP) key facts

Strength: Trupanion, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 11.9% from fiscal 2024.
Trupanion, Inc. (TRUP) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, TRUP traded at $28.12, a market capitalization of $1.2 billion.
Return on equity was 5.50% and debt-to-equity 0.26.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.