TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
TRUP Q4 FY2025 Key Financial Metrics
Revenue
$376.9M
Gross Profit
$65.0M
Operating Profit
$7.1M
Net Profit
N/A
Gross Margin
17.3%
Operating Margin
1.9%
Net Margin
N/A
YoY Growth
11.7%
EPS
$0.13
TRUPANION, INC. Q4 FY2025 Financial Summary
TRUPANION, INC. reported revenue of $376.9M (up 11.7% YoY) for Q4 FY2025, with a net profit of N/A (N/A margin). Cost of goods sold was $311.8M, operating expenses totaled $57.9M.
Key Financial Metrics
| Total Revenue | $376.9M |
|---|---|
| Net Profit | N/A |
| Gross Margin | 17.3% |
| Operating Margin | 1.9% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
TRUPANION, INC. Q4 FY2025 revenue of $376.9M breaks down across 2 segments, led by Subscriptionbusiness at $261.4M (69.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscriptionbusiness | $261.4M | 69.4% |
| Other | $115.4M | 30.6% |
TRUPANION, INC. Revenue by Segment — Quarterly Trend
TRUPANION, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscriptionbusiness and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Subscriptionbusiness | $261.4M | $252.7M | $242.2M | $233.1M |
| Other | $115.4M | $114.2M | $111.4M | $108.9M |
TRUPANION, INC. Annual Revenue by Year
TRUPANION, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
TRUPANION, INC. Quarterly Revenue & Net Profit History
TRUPANION, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $376.9M | +11.7% | N/A | N/A |
| Q3 FY2025 | $366.9M | +12.1% | N/A | N/A |
| Q2 FY2025 | $353.6M | +12.3% | N/A | N/A |
| Q1 FY2025 | $342.0M | +11.7% | N/A | N/A |
| Q4 FY2024 | $337.3M | +14.0% | N/A | N/A |
| Q3 FY2024 | $327.5M | +14.6% | N/A | N/A |
| Q2 FY2024 | $314.8M | +16.3% | N/A | N/A |
| Q1 FY2024 | $306.1M | +19.4% | N/A | N/A |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $306.1M | $314.8M | $327.5M | $337.3M | $342.0M | $353.6M | $366.9M | $376.9M |
| YoY Growth | 19.4% | 16.3% | 14.6% | 14.0% | 11.7% | 12.3% | 12.1% | 11.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $789.5M | $795.9M | $816.1M | $806.9M | $837.2M | $847.8M | $880.2M | $915.0M |
| Liabilities | $486.1M | $490.1M | $495.9M | $483.6M | $503.5M | $492.3M | $511.6M | $531.1M |
| Equity | $303.4M | $305.8M | $320.2M | $323.3M | $333.7M | $355.5M | $368.6M | $383.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.4M | $6.9M | $15.3M | $23.7M | $16.0M | $15.0M | $29.2M | $29.3M |