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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%
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 (above 35: high)
Fwd P/E 40.60 (above 35: high)
P/S ratio 0.81
P/B ratio 3.00
Past 5Y EPS Growth —
This Y EPS Growth 40.37% (at or above 15%: strong)
Next Y EPS Growth 11.35%
Next Y revenue growth 10.61% (at or above 10%: strong)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Trupanion, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

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.

Trupanion, Inc. (TRUP) Latest News

27 Feb

Impact 5 ·
stockrow.com/TRUP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com