What is Trupanion, Inc.'s earnings per share (EPS)?

Trupanion, Inc. (TRUP) reported diluted earnings per share of $0.45 for fiscal year 2025. This represents a 295.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Trupanion, Inc. (TRUP) Financials

TRUP

Trailing 12 months to June 30, 2026

Revenue $1.5B +11.8% YoY

Net Income $23.2M +110.8% YoY

EPS (Diluted) $0.53 +103.8% YoY

Free Cash Flow $82.2M +34.0% YoY

Market Cap $1.1B as of Oct 12, 2026

Price / Sales 0.8x on $1.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings 49.4x on $23.2M net income, trailing 12 months to June 30, 2026

Price / Book 2.8x on $409.7M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRUP SEC filings page.

Trupanion, Inc. (TRUP) reported $1.5B in revenue over the twelve months to Jun 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TRUP FY2025 2026-10-03

The business has shifted from persistent losses to positive earnings, with cash generation now materially exceeding accounting profit.

FY2025 operating cash flow was $89.5M against net income of $19.4M, making cash conversion much stronger than the bottom line alone implies. Free cash flow rose from $38.6M in FY2024 to $75.4M, showing that this was not only an accounting turnaround but also a meaningful release of cash after reinvestment.

Gross margin widened from 13.9% in FY2024 to 16.1% in FY2025, indicating better economics per revenue dollar. Operating margin then crossed from -0.7% to 1.0%, so the improvement reached the full cost structure rather than stopping at gross profit.

Long-term debt declined from $127.5M in FY2024 to $101.8M in FY2025, reducing reliance on borrowing as the business returned to profit. Debt-to-equity was 0.3x and current ratio was 1.7x, a combination consistent with lower leverage without a major deterioration in short-term balance-sheet coverage.

Financial Health Signals

Financial health score not available

Trupanion, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Neutral

6/9

Trupanion, Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

4.60x

For every $1 of reported earnings, Trupanion, Inc. generates $4.60 in operating cash flow ($89.5M OCF vs $19.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.01x

Trupanion, Inc. earns $1.01 in operating income for every $1 of interest expense ($13.8M vs $13.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$392.9M

YoY+11.1%

QoQ+2.3%

5Y CAGR+18.5%

10Y CAGR+24.0%

Trupanion, Inc. generated $392.9M in revenue in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.

EBITDA

$10.0M

YoY+60.1%

QoQ+18.5%

Trupanion, Inc.'s EBITDA was $10.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.1% from the same quarter a year earlier. Against the prior quarter it is up 18.5%.

Net Income

$6.8M

YoY-27.4%

QoQ+40.0%

Trupanion, Inc. reported $6.8M in net income in Q2 2026. This represents a decrease of 27.4% from the same quarter a year earlier. Against the prior quarter it is up 40.0%.

EPS (Diluted)

$0.16

YoY-27.3%

QoQ+45.5%

Trupanion, Inc. earned $0.16 per diluted share (EPS) in Q2 2026. This represents a decrease of 27.3% from the same quarter a year earlier. Against the prior quarter it is up 45.5%.

Cash & Balance Sheet

Free Cash Flow

$19.2M

YoY+59.0%

QoQ+39.4%

10Y CAGR+32.8%

Trupanion, Inc. generated $19.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 59.0% from the same quarter a year earlier. Against the prior quarter it is up 39.4%.

Cash & Debt

$149.4M

YoY+21.7%

QoQ-2.7%

5Y CAGR+4.9%

10Y CAGR+23.4%

Trupanion, Inc. held $149.4M in cash against $96.9M in long-term debt as of Q2 2026.

Shares Outstanding

44M

YoY+2.0%

QoQ+0.6%

5Y CAGR+1.7%

10Y CAGR+4.2%

Trupanion, Inc. had 44M shares outstanding in Q2 2026. This represents an increase of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

16.6%

YoY+1.1pp

QoQ+0.6pp

5Y change+2.0pp

Trupanion, Inc.'s gross margin was 16.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Operating Margin

1.6%

YoY+1.0pp

QoQ+0.4pp

5Y change+7.3pp

Trupanion, Inc.'s operating margin was 1.6% in Q2 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

1.7%

YoY-0.9pp

QoQ+0.5pp

5Y change+7.2pp

10Y change+3.8pp

Trupanion, Inc.'s net profit margin was 1.7% in Q2 2026, showing the share of revenue converted to profit. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Return on Equity

1.7%

YoY-1.0pp

QoQ+0.4pp

5Y change+4.4pp

10Y change+3.8pp

Trupanion, Inc.'s ROE was 1.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Capital Expenditures

$1.8M

YoY-38.7%

QoQ+115.5%

5Y CAGR-8.8%

10Y CAGR+15.4%

Trupanion, Inc. invested $1.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 38.7% from the same quarter a year earlier. Against the prior quarter it is up 115.5%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

TRUP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TRUP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.5B	$1.4B+11.9%	$1.3B+16.0%	$1.1B+22.5%	$905.2M+29.5%	$699.0M+39.2%	$502.0M+30.8%	$383.9M+26.3%	$304.0M+25.3%	$242.7M+28.9%	$188.2M+28.1%	$147.0M+26.8%	$115.9M+38.3%	$83.8M+51.0%	$55.5M
Cost of Revenue	$1.3B	$1.2B+9.2%	$1.1B+13.2%	$977.6M+24.9%	$783.0M+31.7%	$594.6M+41.5%	$420.1M+31.7%	$319.0M+26.3%	$252.6M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$251.7M	$231.0M+29.2%	$178.8M+36.5%	$131.0M+7.2%	$122.2M+17.1%	$104.3M+27.4%	$81.9M+26.1%	$64.9M+26.4%	$51.4M+19.3%	$43.0M+29.3%	$33.3M+31.9%	$25.2M+26.9%	$19.9M+27.0%	$15.6M+39.5%	$11.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.9M+102.5%	$4.9M+43.5%	$3.4M
SG&A Expenses	$75.3M	$76.6M+20.3%	$63.7M+5.9%	$60.2M+52.9%	$39.4M+23.5%	$31.9M+46.0%	$21.8M+18.8%	$18.4M+7.5%	$17.1M+1.7%	$16.8M+10.6%	$15.2M-2.3%	$15.6M+8.7%	$14.3M+65.4%	$8.7M+39.7%	$6.2M
Operating Income	$24.1M	$13.8M+245.4%	-$9.5M+76.6%	-$40.7M+5.4%	-$43.0M-22.2%	-$35.2M-614.3%	-$4.9M-156.6%	-$1.9M-83.7%	-$1.0M+60.4%	-$2.6M+60.6%	-$6.7M+60.1%	-$16.8M-5.2%	-$15.9M-128.2%	-$7.0M-26.1%	-$5.5M
EBITDA	N/A	$29.7M+326.8%	$7.0M+124.7%	-$28.2M+12.1%	-$32.1M-38.1%	-$23.2M-1183.5%	$2.1M-42.2%	$3.7M+7.1%	$3.5M+118.1%	$1.6M+155.8%	-$2.9M+80.0%	-$14.2M+0.3%	-$14.3M-134.5%	-$6.1M-16.2%	-$5.2M
Interest Expense	$10.6M	$13.8M-5.1%	$14.5M+20.0%	$12.1M+183.0%	$4.3M+42570.0%	$10K-99.3%	$1.4M+2.4%	$1.3M+12.6%	$1.2M+124.8%	$533K+144.5%	$218K-32.9%	$325K-95.2%	$6.7M+1004.4%	$609K+13.8%	$535K
Income Tax	$3.0M	$2.6M+51320.0%	-$5K+98.5%	-$342K-171.8%	$476K+53.5%	$310K+174.3%	$113K-33.1%	$169K+2514.3%	-$7K+98.4%	-$428K-1226.3%	$38K-66.7%	$114K+1728.6%	-$7K+92.4%	-$92K-209.5%	$84K
Net Income	$23.2M	$19.4M+301.7%	-$9.6M+78.4%	-$44.7M0.0%	-$44.7M-25.7%	-$35.5M-508.4%	-$5.8M-222.8%	-$1.8M-95.1%	-$927K+38.3%	-$1.5M+78.2%	-$6.9M+59.9%	-$17.2M+18.8%	-$21.2M-159.0%	-$8.2M-27.5%	-$6.4M
EPS (Basic)	N/A	$0.45+295.7%	-$0.23+78.7%	-$1.08+1.8%	-$1.10-23.6%	-$0.89-456.3%	-$0.16	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$0.53	$0.45+295.7%	-$0.23+78.7%	-$1.08+1.8%	-$1.10-23.6%	-$0.89-456.3%	-$0.16	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	44M+3.3%	42M+1.7%	41M+1.6%	41M+1.6%	40M+11.9%	36M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$392.9M+11.1%	$384.0M+12.3%	$376.9M+11.7%	$366.9M+12.1%	$353.6M+12.3%	$342.0M+11.7%	$337.3M+14.0%	$327.5M+14.6%
Cost of Revenue	$327.8M+9.7%	$322.6M+10.9%	$311.8M+9.6%	$306.9M+10.4%	$298.7M+8.8%	$290.9M+7.8%	$284.4M+11.2%	$278.1M+11.0%
Gross Profit	$65.1M+18.8%	$61.5M+20.3%	$65.0M+22.9%	$60.1M+21.6%	$54.8M+36.2%	$51.1M+41.1%	$52.9M+32.1%	$49.4M+40.1%
SG&A Expenses	$19.5M-3.0%	$19.1M-4.0%	$18.3M+8.9%	$18.3M+7.9%	$20.1M+31.9%	$19.9M+35.6%	$16.8M+25.7%	$17.0M+34.1%
Operating Income	$6.4M+175.5%	$4.8M+424.2%	$7.1M+1950.9%	$5.9M+235.6%	$2.3M+142.3%	-$1.5M+76.0%	$348K-14.7%	$1.7M+150.0%
EBITDA	$10.0M+60.1%	$8.5M+265.9%	$11.2M+161.4%	$9.9M+61.7%	$6.3M+673.2%	$2.3M+198.6%	$4.3M+24.3%	$6.1M+1323.0%
Interest Expense	$1.8M-50.2%	$1.9M-41.6%	$4.1M+18.9%	$2.8M-27.0%	$3.7M+0.7%	$3.2M-10.7%	$3.4M-7.3%	$3.8M+25.1%
Income Tax	$542K-52.2%	$1.1M+2659.0%	$663K+1644.7%	$726K+1761.5%	$1.1M+2675.0%	$39K+202.6%	$38K-70.8%	$39K+190.7%
Net Income	$6.8M-27.4%	$4.9M+429.1%	$5.6M+240.0%	$5.9M+312.1%	$9.4M+260.6%	-$1.5M+78.4%	$1.7M+176.6%	$1.4M+135.3%
EPS (Basic)	$0.16-27.3%	$0.11+466.7%	$0.13+225.0%	$0.14+366.7%	$0.22+257.1%	-$0.03+81.3%	$0.04+180.0%	$0.03+130.0%
EPS (Diluted)	$0.16-27.3%	$0.11+466.7%	$0.13+225.0%	$0.13+333.3%	$0.22+257.1%	-$0.03+81.3%	$0.04+180.0%	$0.03+130.0%
Diluted Shares (Avg)	44M+1.1%	44M+2.1%	N/A	44M+1.7%	43M+3.0%	43M+2.0%	N/A	43M+3.1%

Not reported in any period shown, so not listed: R&D Expenses.

TRUP Balance Sheet

TRUP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$915.0M+13.4%	$806.9M+3.1%	$782.9M+16.6%	$671.6M+19.4%	$562.6M+12.9%	$498.3M+93.7%	$257.2M+23.9%	$207.5M+96.0%	$105.9M+28.6%	$82.3M+16.1%	$70.9M-27.9%	$98.3M+90.3%	$51.7M	N/A
Current Assets	$691.1M+15.7%	$597.3M+6.3%	$562.1M+19.8%	$469.1M+20.0%	$391.0M+16.0%	$337.0M+112.2%	$158.8M+34.6%	$118.0M+36.3%	$86.6M+32.4%	$65.4M+21.9%	$53.6M-36.6%	$84.7M+113.1%	$39.7M	N/A
Cash & Equivalents	$138.0M-13.9%	$160.3M+8.7%	$147.5M+124.8%	$65.6M-24.9%	$87.4M-37.5%	$139.9M+379.6%	$29.2M+9.9%	$26.6M+3.3%	$25.7M+8.8%	$23.6M+31.6%	$18.0M-66.2%	$53.1M+255.4%	$14.9M+252.8%	$4.2M
Short-Term Investments	$232.7M+58.2%	$147.1M+13.4%	$129.7M-17.3%	$156.8M+24.4%	$126.0M+40.2%	$89.9M+28.9%	$69.7M+27.8%	$54.6M+45.1%	$37.6M+27.1%	$29.6M+16.9%	$25.3M+13.0%	$22.4M+39.1%	$16.1M	$0
Long-Term Investments	$983K+163.5%	$373K-97.1%	$12.9M+64.1%	$7.8M+11.0%	$7.1M+26.9%	$5.6M+28.8%	$4.3M+21.6%	$3.6M+9.8%	$3.2M+25.5%	$2.6M+8.0%	$2.4M+153.5%	$942K+13.2%	$832K	$0
Goodwill	$39.4M+6.5%	$37.0M-15.4%	$43.7M+4.1%	$42.0M+28.4%	$32.7M-1.0%	$33.0M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$531.1M+9.8%	$483.6M+0.9%	$479.2M+30.8%	$366.3M+59.0%	$230.4M+45.5%	$158.3M+31.4%	$120.4M+53.7%	$78.3M+36.4%	$57.4M+52.6%	$37.6M+47.2%	$25.6M-34.5%	$39.0M-53.9%	$84.7M	N/A
Current Liabilities	$409.8M+17.2%	$349.6M+1.5%	$344.5M+18.9%	$289.6M+29.5%	$223.7M+48.7%	$150.4M+64.1%	$91.6M+45.0%	$63.2M+37.8%	$45.9M+50.8%	$30.4M+28.7%	$23.6M+4.8%	$22.5M-13.4%	$26.0M	N/A
Non-Current Liabilities	$121.3M-9.5%	$134.0M-0.6%	$134.8M+75.7%	$76.7M+1047.4%	$6.7M-15.5%	$7.9M-72.5%	$28.8M+90.4%	$15.1M+30.9%	$11.6M+60.0%	$7.2M+271.6%	$1.9M-88.2%	$16.5M-71.9%	$58.6M	N/A
Long-Term Debt	$101.8M-20.2%	$127.5M0.0%	$127.6M+86.6%	$68.4M	$0	$0-100.0%	$26.1M+102.8%	$12.9M+37.9%	$9.3M+95.6%	$4.8M	$0-100.0%	$14.9M-40.9%	$25.2M	N/A
Total Equity	$383.9M+18.8%	$323.3M+6.4%	$303.7M-0.5%	$305.3M-8.1%	$332.2M-2.3%	$339.9M+148.6%	$136.8M+5.9%	$129.2M+166.7%	$48.4M+8.3%	$44.7M-1.4%	$45.4M-23.5%	$59.3M+279.6%	-$33.0M-21.9%	-$27.1M
Retained Earnings	-$206.5M+8.6%	-$225.9M-4.5%	-$216.3M-26.1%	-$171.6M-35.2%	-$126.9M-38.9%	-$91.4M-6.8%	-$85.5M-2.2%	-$83.7M-1.1%	-$82.8M-1.8%	-$81.3M-9.3%	-$74.4M-30.1%	-$57.2M-58.8%	-$36.0M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$930.8M+9.8%	$921.6M+10.1%	$915.0M+13.4%	$880.2M+7.8%	$847.8M+6.5%	$837.2M+6.0%	$806.9M+3.1%	$816.1M+5.7%
Current Assets	$719.4M+14.4%	$705.2M+12.2%	$691.1M+15.7%	$668.0M+11.4%	$629.1M+8.7%	$628.3M+10.1%	$597.3M+6.3%	$599.6M+6.8%
Cash & Equivalents	$149.4M+21.7%	$153.5M-7.7%	$138.0M-13.9%	$154.8M+12.6%	$122.7M-1.3%	$166.3M+13.6%	$160.3M+8.7%	$137.5M-8.6%
Short-Term Investments	$249.1M+26.6%	$230.2M+48.0%	$232.7M+58.2%	$193.8M+24.5%	$196.9M+28.8%	$155.5M+20.8%	$147.1M+13.4%	$155.6M+34.6%
Long-Term Investments	$989K+492.2%	$986K+162.2%	$983K+163.5%	$981K-93.1%	$167K-98.8%	$376K-97.1%	$373K-97.1%	$14.2M+24.3%
Goodwill	$38.6M-5.8%	$38.6M+0.8%	$39.4M+6.5%	$40.4M-10.6%	$41.0M-4.7%	$38.3M-10.8%	$37.0M-15.4%	$45.2M+7.6%
Total Liabilities	$521.1M+5.9%	$526.8M+4.6%	$531.1M+9.8%	$511.6M+3.2%	$492.3M+0.5%	$503.5M+3.6%	$483.6M+0.9%	$495.9M+2.8%
Current Liabilities	$405.5M+8.9%	$408.4M+10.6%	$409.8M+17.2%	$390.8M+8.0%	$372.3M+4.6%	$369.3M+5.1%	$349.6M+1.5%	$361.9M+4.1%
Non-Current Liabilities	$115.7M-3.7%	$118.4M-11.7%	$121.3M-9.5%	$120.8M-9.9%	$120.0M-10.6%	$134.2M-0.3%	$134.0M-0.6%	$134.1M-0.7%
Long-Term Debt	$96.9M-14.3%	$99.3M-22.1%	$101.8M-20.2%	$113.8M-10.8%	$113.1M-11.3%	$127.5M0.0%	$127.5M0.0%	$127.5M0.0%
Total Equity	$409.7M+15.3%	$394.8M+18.3%	$383.9M+18.8%	$368.6M+15.1%	$355.5M+16.2%	$333.7M+10.0%	$323.3M+6.4%	$320.2M+10.6%
Retained Earnings	-$194.7M+10.7%	-$201.6M+11.3%	-$206.5M+8.6%	-$212.1M+6.8%	-$218.0M+4.8%	-$227.4M-1.9%	-$225.9M-4.5%	-$227.5M-6.3%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

TRUP Cash Flow Statement

TRUP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$94.1M	$89.5M+85.3%	$48.3M+159.1%	$18.6M+333.0%	-$8.0M-207.3%	$7.5M-65.4%	$21.5M+33.3%	$16.2M+27.4%	$12.7M+31.2%	$9.7M+93.1%	$5.0M+148.0%	-$10.4M+3.5%	-$10.8M-955.8%	-$1.0M+33.7%	-$1.5M
Depreciation & Amortization	N/A	$15.8M-3.8%	$16.5M+32.0%	$12.5M+14.2%	$10.9M-8.7%	$12.0M+69.2%	$7.1M+25.6%	$5.6M+24.8%	$4.5M+6.6%	$4.2M+10.0%	$3.8M+51.3%	$2.5M+51.9%	$1.7M+86.0%	$900K+200.0%	$300K
Stock-Based Compensation	N/A	$38.3M+14.6%	$33.4M+0.8%	$33.2M-0.7%	$33.4M+18.3%	$28.2M+216.7%	$8.9M+30.2%	$6.8M+43.4%	$4.8M+39.7%	$3.4M+16.1%	$2.9M-1.9%	$3.0M-26.5%	$4.1M+110.7%	$1.9M+35.1%	$1.4M
Capital Expenditures	$11.9M	$14.1M+45.4%	$9.7M-46.8%	$18.3M+7.0%	$17.1M+38.3%	$12.4M+65.8%	$7.5M+38.7%	$5.4M-90.6%	$56.9M+1718.5%	$3.1M+61.3%	$1.9M-60.3%	$4.9M-13.1%	$5.6M+282.4%	$1.5M-28.3%	$2.1M
Free Cash Flow	$82.2M	$75.4M+95.4%	$38.6M+10674.0%	$358K+101.4%	-$25.1M-412.3%	-$4.9M-134.7%	$14.1M+30.7%	$10.8M+124.4%	-$44.3M-777.2%	$6.5M+113.2%	$3.1M+120.0%	-$15.3M+6.8%	-$16.4M-558.4%	-$2.5M+30.6%	-$3.6M
Investing Cash Flow	-$66.9M	-$95.9M-612.5%	-$13.5M-276.2%	$7.6M+111.3%	-$67.5M-30.1%	-$51.9M+32.4%	-$76.7M-174.0%	-$28.0M+65.6%	-$81.5M-523.9%	-$13.1M-100.6%	-$6.5M+34.4%	-$9.9M+16.8%	-$11.9M-98.9%	-$6.0M-32.0%	-$4.5M
Financing Cash Flow	-$11.8M	-$22.9M-477.8%	-$4.0M-106.7%	$59.1M-2.7%	$60.7M+5499.4%	-$1.1M-100.7%	$170.8M+1116.5%	$14.0M-80.3%	$71.2M+1301.9%	$5.1M-33.8%	$7.7M+154.0%	-$14.2M-124.6%	$57.9M+229.7%	$17.6M+671.8%	$2.3M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$5.8M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$21.0M+39.7%	$14.6M-8.6%	$29.3M+23.5%	$29.2M+91.2%	$15.0M+119.2%	$16.0M+555.9%	$23.7M+35.4%	$15.3M+34.2%
Depreciation & Amortization	$3.7M-7.3%	$3.7M-2.2%	$4.0M+2.8%	$4.1M-7.5%	$4.0M-9.5%	$3.8M+0.2%	$3.9M+29.5%	$4.4M+46.5%
Stock-Based Compensation	$10.0M+5.4%	$9.0M-8.4%	N/A	$9.5M+13.9%	$9.5M+9.4%	$9.8M+20.6%	N/A	$8.3M+21.0%
Capital Expenditures	$1.8M-38.7%	$847K-56.1%	$3.9M+111.1%	$5.3M+177.2%	$3.0M+3.3%	$1.9M-37.1%	$1.9M-53.2%	$1.9M-56.4%
Free Cash Flow	$19.2M+59.0%	$13.7M-2.1%	$25.3M+16.0%	$23.9M+78.9%	$12.0M+203.0%	$14.0M+2324.4%	$21.8M+61.4%	$13.4M+91.0%
Investing Cash Flow	-$22.5M+46.9%	$113K+101.3%	-$42.1M-328.2%	-$2.3M-59.0%	-$42.5M-53.2%	-$9.0M-227.8%	$18.5M+205.8%	-$1.5M+55.7%
Financing Cash Flow	-$2.6M+83.8%	-$2.7M-496.1%	-$5.1M-203.2%	-$1.4M-38.7%	-$15.9M-1558.4%	-$459K-60.5%	-$1.7M-394.2%	-$1.0M-104.2%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

TRUP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TRUP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	16.1%+2.1pp	13.9%+2.1pp	11.8%-1.7pp	13.5%-1.4pp	14.9%-1.4pp	16.3%-0.6pp	16.9%0.0pp	16.9%-0.8pp	17.7%+0.1pp	17.7%+0.5pp	17.2%0.0pp	17.2%-1.5pp	18.7%-1.5pp	20.2%
Operating Margin	1.0%+1.7pp	-0.7%+2.9pp	-3.7%+1.1pp	-4.8%+0.3pp	-5.0%-4.1pp	-1.0%-0.5pp	-0.5%-0.2pp	-0.3%+0.8pp	-1.1%+2.5pp	-3.6%+7.8pp	-11.4%+2.4pp	-13.8%-5.4pp	-8.3%+1.6pp	-10.0%
Net Margin	1.4%+2.1pp	-0.8%+3.3pp	-4.0%+0.9pp	-4.9%+0.1pp	-5.1%-3.9pp	-1.2%-0.7pp	-0.5%-0.2pp	-0.3%+0.3pp	-0.6%+3.0pp	-3.7%+8.0pp	-11.7%+6.6pp	-18.3%-8.5pp	-9.8%+1.8pp	-11.5%
Return on Equity	5.1%+8.0pp	-3.0%+11.7pp	-14.7%-0.1pp	-14.6%-3.9pp	-10.7%-9.0pp	-1.7%-0.4pp	-1.3%-0.6pp	-0.7%+2.4pp	-3.1%+12.3pp	-15.4%+22.5pp	-37.9%-2.2pp	-35.7%	N/A	N/A
Return on Assets	2.1%+3.3pp	-1.2%+4.5pp	-5.7%+0.9pp	-6.7%-0.3pp	-6.3%-5.2pp	-1.2%-0.5pp	-0.7%-0.3pp	-0.4%+1.0pp	-1.4%+6.9pp	-8.4%+15.9pp	-24.3%-2.7pp	-21.5%-5.7pp	-15.8%	N/A
Current Ratio	1.690.0x	1.71+0.1x	1.630.0x	1.62-0.1x	1.75-0.5x	2.24+0.5x	1.73-0.1x	1.870.0x	1.89-0.3x	2.15-0.1x	2.27-1.5x	3.76+2.2x	1.53	N/A
Debt-to-Equity	0.27-0.1x	0.390.0x	0.42+0.2x	0.22+0.2x	0.000.0x	0.00-0.2x	0.19+0.1x	0.10-0.1x	0.19+0.1x	0.11+0.1x	0.00-0.3x	0.25	N/A	N/A
Asset Turnover	1.570.0x	1.59+0.2x	1.42+0.1x	1.35+0.1x	1.24+0.2x	1.01-0.5x	1.490.0x	1.46-0.8x	2.290.0x	2.29+0.2x	2.07+0.9x	1.18-0.4x	1.62	N/A
FCF Margin	5.2%+2.2pp	3.0%+3.0pp	0.0%+2.8pp	-2.8%-2.1pp	-0.7%-3.5pp	2.8%0.0pp	2.8%+17.4pp	-14.6%-17.3pp	2.7%+1.1pp	1.6%+12.0pp	-10.4%+3.8pp	-14.2%-11.2pp	-3.0%+3.5pp	-6.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	16.6%+1.1pp	16.0%+1.1pp	17.3%+1.6pp	16.4%+1.3pp	15.5%+2.7pp	14.9%+3.1pp	15.7%+2.2pp	15.1%+2.7pp
Operating Margin	1.6%+1.0pp	1.2%+1.7pp	1.9%+1.8pp	1.6%+1.1pp	0.7%+2.4pp	-0.4%+1.6pp	0.1%0.0pp	0.5%+1.8pp
Net Margin	1.7%-0.9pp	1.3%+1.7pp	1.5%+1.0pp	1.6%+1.2pp	2.7%+4.5pp	-0.4%+1.8pp	0.5%+1.2pp	0.4%+1.8pp
Return on Equity	1.7%-1.0pp	1.2%+1.7pp	1.5%+1.0pp	1.6%+1.1pp	2.6%+4.6pp	-0.4%+1.8pp	0.5%+1.2pp	0.4%+1.8pp
Return on Assets	0.7%-0.4pp	0.5%+0.7pp	0.6%+0.4pp	0.7%+0.5pp	1.1%+1.9pp	-0.2%+0.7pp	0.2%+0.5pp	0.2%+0.7pp
Current Ratio	1.77+0.1x	1.730.0x	1.690.0x	1.71+0.1x	1.69+0.1x	1.70+0.1x	1.71+0.1x	1.660.0x
Debt-to-Equity	0.24-0.1x	0.25-0.1x	0.27-0.1x	0.31-0.1x	0.32-0.1x	0.380.0x	0.390.0x	0.400.0x
Asset Turnover	0.420.0x	0.420.0x	0.410.0x	0.420.0x	0.420.0x	0.410.0x	0.420.0x	0.400.0x
FCF Margin	4.9%+1.5pp	3.6%-0.5pp	6.7%+0.2pp	6.5%+2.4pp	3.4%+2.1pp	4.1%+4.3pp	6.5%+1.9pp	4.1%+1.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Trupanion, Inc. TRUP	FY2025	$1.4B	$19.4M	1.4%	$1.1B	—
Horace Mann Educators Corporation HMN	FY2025	$1.7B	$162.1M	9.5%	$1.8B	25/100
Skyward Specialty Insurance Group, Inc. SKWD	FY2025	$1.4B	$170.0M	12.0%	$2.6B	42/100
Root, Inc. ROOT	FY2025	$1.5B	$40.0M	2.6%	$761.2M	26/100
ProAssurance Corporation PRA	FY2025	$1.1B	$50.9M	4.6%	$1.3B	24/100
Bowhead Specialty Holdings Inc. BOW	FY2025	$551.6M	$53.8M	9.8%	$1.1B	48/100

Where Trupanion, Inc. Ranks

Frequently Asked Questions

What is Trupanion, Inc.'s annual revenue?

Trupanion, Inc. (TRUP) reported $1.4B in total revenue for fiscal year 2025. This represents a 11.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trupanion, Inc.'s revenue growing?

Trupanion, Inc. (TRUP) revenue grew by 11.9% year-over-year, from $1.3B to $1.4B in fiscal year 2025.

Is Trupanion, Inc. profitable?

Yes, Trupanion, Inc. (TRUP) reported a net income of $19.4M in fiscal year 2025, with a net profit margin of 1.4%.

What is Trupanion, Inc.'s EBITDA?

Trupanion, Inc. (TRUP) had EBITDA of $29.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Trupanion, Inc. have?

As of fiscal year 2025, Trupanion, Inc. (TRUP) had $138.0M in cash and equivalents against $101.8M in long-term debt.

What is Trupanion, Inc.'s gross margin?

Trupanion, Inc. (TRUP) had a gross margin of 16.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Trupanion, Inc.'s operating margin?

Trupanion, Inc. (TRUP) had an operating margin of 1.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Trupanion, Inc.'s net profit margin?

Trupanion, Inc. (TRUP) had a net profit margin of 1.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Trupanion, Inc.'s return on equity (ROE)?

Trupanion, Inc. (TRUP) has a return on equity of 5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trupanion, Inc.'s free cash flow?

Trupanion, Inc. (TRUP) generated $75.4M in free cash flow during fiscal year 2025. This represents a 95.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trupanion, Inc.'s operating cash flow?

Trupanion, Inc. (TRUP) generated $89.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trupanion, Inc.'s total assets?

Trupanion, Inc. (TRUP) had $915.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trupanion, Inc.'s capital expenditures?

Trupanion, Inc. (TRUP) invested $14.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Trupanion, Inc. have outstanding?

Trupanion, Inc. (TRUP) had 43M shares outstanding as of fiscal year 2025.

What is Trupanion, Inc.'s current ratio?

Trupanion, Inc. (TRUP) had a current ratio of 1.69 as of fiscal year 2025, which is generally considered healthy.

What is Trupanion, Inc.'s debt-to-equity ratio?

Trupanion, Inc. (TRUP) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trupanion, Inc.'s return on assets (ROA)?

Trupanion, Inc. (TRUP) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trupanion, Inc.'s P/E ratio?

Trupanion, Inc. (TRUP) trades at 49.4x earnings, its market capitalization divided by net income of $23.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trupanion, Inc.'s price-to-sales ratio?

Trupanion, Inc. (TRUP) trades at 0.8x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trupanion, Inc.'s Piotroski F-Score?

Trupanion, Inc. (TRUP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trupanion, Inc.'s earnings high quality?

Trupanion, Inc. (TRUP) has an earnings quality ratio of 4.60x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Trupanion, Inc. cover its interest payments?

Trupanion, Inc. (TRUP) has an interest coverage ratio of 1.01x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.