Every 10-Q that Trupanion (TRUP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TRUP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRUP filings page.
Trupanion, Inc. reported Q2 2026 revenue of 392,934 (in thousands), up 11% year over year, with subscription revenue of 276,690 (in thousands) and other business revenue of 116,244 (in thousands). Subscription pets enrolled grew 5% to 1,124,548, while total pets enrolled declined 2% to 1,633,131 as lower-margin other business contracts ran off.
Operating income rose to 6,376 (in thousands) from 2,314 (in thousands), while net income was 6,831 (in thousands) versus 9,413 (in thousands) due to a prior-year nonmonetary exchange gain. For the first six months, revenue increased 12% to 776,983 (in thousands) and net income to 11,711 (in thousands). Monthly average revenue per subscription pet increased to 87.44 from 79.93, with average monthly retention at 98.37% and average pet acquisition cost rising to 299 from 276.
Cash, cash equivalents and restricted cash totaled 178,299 (in thousands) at June 30, 2026, alongside short-term investments of 249,131 (in thousands) and operating cash flow of 35,578 (in thousands) for the first half. Total principal on long-term debt was 107,500 (in thousands) under the PNC Facility. The board approved a new share repurchase program authorizing up to $100.0 million of common stock repurchases.
Trupanion returned to profitability in Q1 2026 as growth in core subscription insurance outpaced costs. Revenue rose to $384.0 million from $342.0 million, driven by a 16% increase in subscription segment revenue to $269.5 million and an 11% rise in monthly average revenue per pet.
Net income was $4.9 million, or $0.11 per diluted share, compared with a $1.5 million loss, helped by improved subscription margins and lower interest expense. Cash, cash equivalents and short-term investments totaled $383.7 million, while operating cash flow was $14.6 million and long-term debt stood at $110.0 million under the PNC credit facility.
Trupanion (TRUP) reported Q3 2025 results showing higher revenue and a return to profitability. Revenue was $366,920,000, up from $327,456,000 a year ago. Operating income rose to $5,859,000 from $1,746,000, and net income increased to $5,873,000 with diluted EPS of $0.13.
For the first nine months, revenue reached $1,062,452,000 with net income of $13,803,000, reversing a prior-year loss. Cash from operations was $60,226,000, supporting investments and debt reduction. The balance sheet showed cash and equivalents of $154,773,000, short-term investments of $193,761,000, total assets of $880,173,000, and stockholders’ equity of $368,562,000 as of September 30, 2025.
Subscription segment revenue was $252,697,000 with operating income of $7,826,000; other business revenue was $114,223,000 with an operating loss of $1,967,000. Key metrics included monthly average revenue per pet of $82.01 and average monthly retention of 98.33%. Subsequent to quarter-end, the company refinanced, entering a new $120,000,000 credit facility and used proceeds to retire the prior facility.
Trupanion’s Q2-25 10-Q shows a return to profitability and improved operating leverage. Revenue grew 12.3% YoY to $353.6 m, driven mainly by a 16% increase in subscription revenue to $242.2 m, while other-business revenue rose 4.9% to $111.4 m.
Margins strengthened. Cost of revenue rose 8.8%, lifting gross margin to 15.5% (vs 12.8%). Operating expenses increased 14.9% to $52.5 m, but operating income swung to $2.3 m from a $5.5 m loss. Net income reached $9.4 m (-$5.9 m LY), or $0.22 diluted EPS, aided by an $7.8 m gain on a non-monetary exchange of Baystride preferred stock for IP.
Cash & balance sheet. Operating cash flow improved to $31.0 m (vs $9.3 m), though total cash, equivalents and restricted cash fell $35.1 m to $164.5 m after $14.9 m voluntary term-loan repayment and $142 m securities purchases. Long-term debt declined to $113.1 m.
Key operating metrics.
- Total pets enrolled: 1.66 m (-2.3% YoY); subscription pets: 1.07 m (+4.4%).
- Monthly ARPP: $79.93 (+11.5%).
- Average PAC: $276 (+19.5%).
- Average monthly retention: 98.29% (-5 bp).
Guidance not provided in the filing.