Trupanion, Inc. (TRUP)
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on subscription basis in the United States, Canada, and Continental Europe. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc. and changed its name to Trupanion, Inc. in 2013. Trupanion, Inc. was founded in 2000 and is headquartered in Seattle, Washington.
- Symbol
- TRUP
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Market cap
- $1.04B
- 52 week range
- 21.16 - 46.98
Valuation
- Share price
- $22.88 (close of 2026-09-23)
- P/E (TTM)
- 44.58x
- Price to book
- 2.53x
- Price to free cash flow
- 12.61x
- Enterprise value
- $745.10M
- Book value per share
- $9.34
Price performance
| Period | Change |
|---|
| 1 day | -8.48% |
| 5 days | -13.07% |
| 1 month | -26.43% |
| 3 months | -2.93% |
| 6 months | -12.87% |
| Year to date | -38.77% |
| 1 year | -48.21% |
| 3 years | -15.82% |
| 5 years | -73.65% |
| 10 years | +37.75% |
| All time | +100.70% |
Profitability and growth
- Return on equity
- 0.00%
- Return on invested capital
- 9.02%
- Return on assets
- 0.00%
- Return on capital employed
- 2.74%
- Gross margin
- 16.05%
- Net margin
- 0.00%
- EBITDA margin
- 2.06%
- Revenue growth
- 11.95%
- Net income growth
- 0.00%
- Free cash flow growth
- 95.38%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 7.93%
- Current ratio
- 1.77x
- Net debt to EBITDA
- -5.58x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.44B
- Cost of revenue
- $1.21B
- Gross profit
- $231.01M
- EBITDA
- $29.67M
- Earnings per share
- $0.45
- Interest expense
- $13.76M
- Shares outstanding
- 42.96M
Income statement by year
| Period end | Revenue | Gross profit | EPS |
|---|
| 2025-12-31 | $1.44B | $231.01M | $0.45 |
| 2024-12-31 | $1.29B | $178.80M | $-0.23 |
| 2023-12-31 | $1.11B | $131.02M | $-1.08 |
| 2022-12-31 | $905.18M | $122.19M | $-1.10 |
| 2021-12-31 | $698.99M | $104.35M | $-0.89 |
| 2020-12-31 | $502.03M | $81.90M | $-0.16 |
| 2019-12-31 | $383.94M | $64.92M | $-0.05 |
| 2018-12-31 | $303.96M | $51.37M | $-0.03 |
| 2017-12-31 | $242.67M | $43.05M | $-0.05 |
| 2016-12-31 | $188.23M | $33.29M | $-0.24 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 16.05% | 0.00% | 0.00% | 9.02% |
| 2024-12-31 | 13.91% | 0.00% | 0.00% | -6.57% |
| 2023-12-31 | 11.82% | 0.00% | 0.00% | -25.93% |
| 2022-12-31 | 13.50% | 0.00% | 0.00% | -28.23% |
| 2021-12-31 | 14.93% | 0.00% | 0.00% | -29.63% |
| 2020-12-31 | 16.31% | 0.00% | 0.00% | -4.47% |
| 2019-12-31 | 16.91% | 0.00% | 0.00% | -3.00% |
| 2018-12-31 | 16.90% | 0.00% | 0.00% | -1.70% |
| 2017-12-31 | 17.74% | 0.00% | 0.00% | - |
| 2016-12-31 | 17.68% | 0.00% | 0.00% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $370.73M | $101.78M |
| 2024-12-31 | $307.38M | $127.54M |
| 2023-12-31 | $277.17M | $127.58M |
| 2022-12-31 | $222.41M | $68.35M |
| 2021-12-31 | $213.41M | - |
| 2020-12-31 | $229.74M | - |
| 2019-12-31 | $98.90M | $26.09M |
| 2018-12-31 | $81.11M | $12.86M |
| 2017-12-31 | $63.30M | $9.32M |
| 2016-12-31 | $53.21M | $4.77M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $75.36M | $38.31M |
| 2024-12-31 | $38.57M | $33.43M |
| 2023-12-31 | $358.00K | $33.16M |
| 2022-12-31 | $-25.09M | $33.39M |
| 2021-12-31 | $-4.90M | $28.23M |
| 2020-12-31 | $14.09M | $8.91M |
| 2019-12-31 | $10.78M | $6.85M |
| 2018-12-31 | $-44.26M | $4.78M |
| 2017-12-31 | $6.54M | $3.42M |
| 2016-12-31 | $3.06M | $2.95M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.16
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.11 |
| 2026-04-30 | - | - |
| 2026-02-12 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-05-01 | - | - |
| 2025-02-19 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- trupanion.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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