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

Trupanion (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 Financials

TRUP

FY2025 annual

Revenue $1.4B +11.9% YoY

Net Income $19.4M +301.7% YoY

EPS (Diluted) $0.45 +295.7% YoY

Free Cash Flow $75.4M +95.4% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Trupanion (TRUP) reported $1.4B in revenue for fiscal year 2025, up 11.9% from the prior fiscal year. 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 2026-08-05

After years of scale without payoff, margin recovery finally turned growth into cash-generating profitability in FY2025.

The important shift is not just that net income turned positive at $19.4M; operating cash flow reached $89.5M, so the first profitable year also converted into real cash rather than staying trapped in accounting earnings. That combination matters because earlier revenue growth did not reliably improve margins, whereas the latest year shows earnings quality improving at the same time as reported profitability clearly turned positive.

Earlier growth was not automatically helpful: gross margin fell from 14.9% to 11.8% even as the business got larger. In the latest year, gross profit rose by about $52.2M while SG&A rose by only about $12.9M, the clearest sign that more revenue is finally dropping through instead of being absorbed by overhead.

Capital intensity also looks manageable: capex was $14.1M against operating cash flow of $89.5M, so most cash generation remained available after reinvestment. Because cash of $138.0M still exceeded long-term debt of $101.8M, the company did not need heavier leverage to create that free cash flow.

Financial Health Signals

Financial health score not available

Trupanion 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 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 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 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

$1.4B

YoY+11.9%

5Y CAGR+23.4%

10Y CAGR+25.6%

Trupanion generated $1.4B in revenue in fiscal year 2025. This represents an increase of 11.9% from the prior year.

EBITDA

$29.7M

YoY+326.8%

5Y CAGR+69.1%

Trupanion's EBITDA was $29.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 326.8% from the prior year.

Net Income

$19.4M

YoY+301.7%

Trupanion reported $19.4M in net income in fiscal year 2025. This represents an increase of 301.7% from the prior year.

EPS (Diluted)

$0.45

YoY+295.7%

Trupanion earned $0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 295.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$75.4M

YoY+95.4%

5Y CAGR+39.8%

Trupanion generated $75.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 95.4% from the prior year.

Cash & Debt

$138.0M

YoY-13.9%

5Y CAGR-0.3%

10Y CAGR+22.6%

Trupanion held $138.0M in cash against $101.8M in long-term debt as of fiscal year 2025.

Shares Outstanding

43M

YoY+2.2%

5Y CAGR+1.9%

10Y CAGR+4.3%

Trupanion had 43M shares outstanding in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

16.1%

YoY+2.1pp

5Y CAGR-0.3pp

10Y CAGR-1.1pp

Trupanion's gross margin was 16.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.1 percentage points from the prior year.

Operating Margin

1.0%

YoY+1.7pp

5Y CAGR+1.9pp

10Y CAGR+12.4pp

Trupanion's operating margin was 1.0% in fiscal year 2025, reflecting core business profitability. This is up 1.7 percentage points from the prior year.

Net Margin

1.4%

YoY+2.1pp

5Y CAGR+2.5pp

10Y CAGR+13.1pp

Trupanion's net profit margin was 1.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

5.1%

YoY+8.0pp

5Y CAGR+6.8pp

10Y CAGR+43.0pp

Trupanion's ROE was 5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.0 percentage points from the prior year.

Capital Allocation

Capital Expenditures

$14.1M

YoY+45.4%

5Y CAGR+13.7%

10Y CAGR+11.2%

Trupanion invested $14.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 45.4% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

TRUP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRUP annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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 (Diluted)	—	$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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$392.9M+2.3%	$384.0M+1.9%	$376.9M+2.7%	$366.9M+3.8%	$353.6M+3.4%	$342.0M+1.4%	$337.3M+3.0%	$327.5M
Cost of Revenue	$327.8M+1.6%	$322.6M+3.4%	$311.8M+1.6%	$306.9M+2.7%	$298.7M+2.7%	$290.9M+2.3%	$284.4M+2.3%	$278.1M
Gross Profit	$65.1M+5.9%	$61.5M-5.4%	$65.0M+8.3%	$60.1M+9.5%	$54.8M+7.3%	$51.1M-3.4%	$52.9M+7.2%	$49.4M
SG&A Expenses	$19.5M+2.2%	$19.1M+4.3%	$18.3M+0.1%	$18.3M-9.0%	$20.1M+1.2%	$19.9M+18.2%	$16.8M-0.9%	$17.0M
Operating Income	$6.4M+33.5%	$4.8M-33.1%	$7.1M+21.8%	$5.9M+153.2%	$2.3M+257.1%	-$1.5M-523.3%	$348K-80.1%	$1.7M
Interest Expense	$1.8M-2.3%	$1.9M-54.0%	$4.1M+46.1%	$2.8M-24.2%	$3.7M+14.7%	$3.2M-6.3%	$3.4M-10.3%	$3.8M
Income Tax	$542K-49.6%	$1.1M+62.3%	$663K-8.7%	$726K-35.9%	$1.1M+2805.1%	$39K+2.6%	$38K-2.6%	$39K
Net Income	$6.8M+40.0%	$4.9M-13.3%	$5.6M-4.1%	$5.9M-37.6%	$9.4M+734.7%	-$1.5M-189.6%	$1.7M+16.2%	$1.4M
EPS (Diluted)	$0.16+45.5%	$0.11	N/A	$0.13-40.9%	$0.22+833.3%	-$0.03	N/A	$0.03

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

TRUP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRUP annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$930.8M+1.0%	$921.6M+0.7%	$915.0M+4.0%	$880.2M+3.8%	$847.8M+1.3%	$837.2M+3.8%	$806.9M-1.1%	$816.1M
Current Assets	$719.4M+2.0%	$705.2M+2.0%	$691.1M+3.4%	$668.0M+6.2%	$629.1M+0.1%	$628.3M+5.2%	$597.3M-0.4%	$599.6M
Cash & Equivalents	$149.4M-2.7%	$153.5M+11.2%	$138.0M-10.8%	$154.8M+26.1%	$122.7M-26.2%	$166.3M+3.8%	$160.3M+16.6%	$137.5M
Goodwill	$38.6M0.0%	$38.6M-1.9%	$39.4M-2.5%	$40.4M-1.5%	$41.0M+7.0%	$38.3M+3.7%	$37.0M-18.2%	$45.2M
Total Liabilities	$521.1M-1.1%	$526.8M-0.8%	$531.1M+3.8%	$511.6M+3.9%	$492.3M-2.2%	$503.5M+4.1%	$483.6M-2.5%	$495.9M
Current Liabilities	$405.5M-0.7%	$408.4M-0.4%	$409.8M+4.9%	$390.8M+5.0%	$372.3M+0.8%	$369.3M+5.6%	$349.6M-3.4%	$361.9M
Long-Term Debt	$96.9M-2.5%	$99.3M-2.4%	$101.8M-10.6%	$113.8M+0.6%	$113.1M-11.3%	$127.5M0.0%	$127.5M0.0%	$127.5M
Total Equity	$409.7M+3.8%	$394.8M+2.8%	$383.9M+4.2%	$368.6M+3.7%	$355.5M+6.5%	$333.7M+3.2%	$323.3M+1.0%	$320.2M
Retained Earnings	-$194.7M+3.4%	-$201.6M+2.4%	-$206.5M+2.7%	-$212.1M+2.7%	-$218.0M+4.1%	-$227.4M-0.7%	-$225.9M+0.7%	-$227.5M

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

TRUP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRUP annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$21.0M+43.8%	$14.6M-50.1%	$29.3M+0.1%	$29.2M+94.6%	$15.0M-5.9%	$16.0M-32.6%	$23.7M+55.0%	$15.3M
Capital Expenditures	$1.8M+115.5%	$847K-78.4%	$3.9M-26.0%	$5.3M+78.2%	$3.0M+54.4%	$1.9M+3.8%	$1.9M-2.9%	$1.9M
Free Cash Flow	$19.2M+39.4%	$13.7M-45.7%	$25.3M+5.9%	$23.9M+98.6%	$12.0M-14.2%	$14.0M-35.7%	$21.8M+63.2%	$13.4M
Investing Cash Flow	-$22.5M-20049.6%	$113K+100.3%	-$42.1M-1715.0%	-$2.3M+94.5%	-$42.5M-373.3%	-$9.0M-148.6%	$18.5M+1364.2%	-$1.5M
Financing Cash Flow	-$2.6M+6.0%	-$2.7M+46.1%	-$5.1M-252.2%	-$1.4M+90.9%	-$15.9M-3361.2%	-$459K+72.6%	-$1.7M-61.1%	-$1.0M

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

TRUP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TRUP annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	16.6%+0.6pp	16.0%-1.3pp	17.3%+0.9pp	16.4%+0.9pp	15.5%+0.6pp	14.9%-0.8pp	15.7%+0.6pp	15.1%
Operating Margin	1.6%+0.4pp	1.2%-0.7pp	1.9%+0.3pp	1.6%+1.0pp	0.7%+1.1pp	-0.4%-0.5pp	0.1%-0.4pp	0.5%
Net Margin	1.7%+0.5pp	1.3%-0.2pp	1.5%-0.1pp	1.6%-1.1pp	2.7%+3.1pp	-0.4%-0.9pp	0.5%0.0pp	0.4%
Return on Equity	1.7%+0.4pp	1.2%-0.2pp	1.5%-0.1pp	1.6%-1.1pp	2.6%+3.1pp	-0.4%-1.0pp	0.5%+0.1pp	0.4%
Return on Assets	0.7%+0.2pp	0.5%-0.1pp	0.6%-0.1pp	0.7%-0.4pp	1.1%+1.3pp	-0.2%-0.4pp	0.2%0.0pp	0.2%
Current Ratio	1.770.0x	1.730.0x	1.690.0x	1.710.0x	1.690.0x	1.700.0x	1.71+0.1x	1.66
Debt-to-Equity	0.240.0x	0.250.0x	0.270.0x	0.310.0x	0.32-0.1x	0.380.0x	0.390.0x	0.40
FCF Margin	4.9%+1.3pp	3.6%-3.1pp	6.7%+0.2pp	6.5%+3.1pp	3.4%-0.7pp	4.1%-2.4pp	6.5%+2.4pp	4.1%

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Where Trupanion Ranks

Frequently Asked Questions

What is Trupanion's annual revenue?

Trupanion (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's revenue growing?

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

Is Trupanion profitable?

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

What is Trupanion's EBITDA?

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

How much debt does Trupanion have?

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

What is Trupanion's gross margin?

Trupanion (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's operating margin?

Trupanion (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's net profit margin?

Trupanion (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's return on equity (ROE)?

Trupanion (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's free cash flow?

Trupanion (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's operating cash flow?

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

What are Trupanion's total assets?

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

What are Trupanion's capital expenditures?

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

How many shares does Trupanion have outstanding?

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

What is Trupanion's current ratio?

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

What is Trupanion's debt-to-equity ratio?

Trupanion (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's return on assets (ROA)?

Trupanion (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's Piotroski F-Score?

Trupanion (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's earnings high quality?

Trupanion (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 cover its interest payments?

Trupanion (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.