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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $308.4M, roughly 1.2× Astera Labs, Inc.). On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs 11.7%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs 11.0%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
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).
ALAB vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $376.9M |
| Net Profit | $80.3M | — |
| Gross Margin | 76.3% | 17.3% |
| Operating Margin | 20.1% | 1.9% |
| Net Margin | 26.0% | — |
| Revenue YoY | 93.4% | 11.7% |
| Net Profit YoY | 152.4% | — |
| EPS (diluted) | $0.44 | $0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $308.4M | — | ||
| Q4 25 | $270.6M | $376.9M | ||
| Q3 25 | $230.6M | $366.9M | ||
| Q2 25 | $191.9M | $353.6M | ||
| Q1 25 | $159.4M | $342.0M | ||
| Q4 24 | $141.1M | $337.3M | ||
| Q3 24 | $113.1M | $327.5M | ||
| Q2 24 | $76.8M | $314.8M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | — | ||
| Q3 25 | $91.1M | — | ||
| Q2 25 | $51.2M | — | ||
| Q1 25 | $31.8M | — | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $-7.6M | — | ||
| Q2 24 | $-7.5M | — |
| Q1 26 | 76.3% | — | ||
| Q4 25 | 75.6% | 17.3% | ||
| Q3 25 | 76.2% | 16.4% | ||
| Q2 25 | 75.8% | 15.5% | ||
| Q1 25 | 74.9% | 14.9% | ||
| Q4 24 | 74.0% | 15.7% | ||
| Q3 24 | 77.7% | 15.1% | ||
| Q2 24 | 77.9% | 12.8% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 24.7% | 1.9% | ||
| Q3 25 | 24.0% | 1.6% | ||
| Q2 25 | 20.7% | 0.7% | ||
| Q1 25 | 7.1% | -0.4% | ||
| Q4 24 | 0.1% | 0.1% | ||
| Q3 24 | -7.9% | 0.5% | ||
| Q2 24 | -31.7% | -1.7% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | — | ||
| Q3 25 | 39.5% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | -9.8% | — |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | $0.13 | ||
| Q3 25 | $0.50 | $0.13 | ||
| Q2 25 | $0.29 | $0.22 | ||
| Q1 25 | $0.18 | $-0.03 | ||
| Q4 24 | $1.23 | $0.04 | ||
| Q3 24 | $-0.05 | $0.03 | ||
| Q2 24 | $-0.05 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.3M | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $1.5B | $383.9M |
| Total Assets | $1.7B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $370.7M | ||
| Q3 25 | $140.4M | $348.5M | ||
| Q2 25 | $162.3M | $319.6M | ||
| Q1 25 | $86.4M | $321.8M | ||
| Q4 24 | $79.6M | $307.4M | ||
| Q3 24 | $126.1M | $293.1M | ||
| Q2 24 | $421.1M | $277.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $383.9M | ||
| Q3 25 | $1.3B | $368.6M | ||
| Q2 25 | $1.1B | $355.5M | ||
| Q1 25 | $1.0B | $333.7M | ||
| Q4 24 | $964.8M | $323.3M | ||
| Q3 24 | $889.6M | $320.2M | ||
| Q2 24 | $845.3M | $305.8M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $915.0M | ||
| Q3 25 | $1.4B | $880.2M | ||
| Q2 25 | $1.3B | $847.8M | ||
| Q1 25 | $1.1B | $837.2M | ||
| Q4 24 | $1.1B | $806.9M | ||
| Q3 24 | $983.1M | $816.1M | ||
| Q2 24 | $915.5M | $795.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $29.3M |
| Free Cash FlowOCF − Capex | — | $25.3M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 0.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $29.3M | ||
| Q3 25 | $78.2M | $29.2M | ||
| Q2 25 | $135.4M | $15.0M | ||
| Q1 25 | $10.5M | $16.0M | ||
| Q4 24 | $39.7M | $23.7M | ||
| Q3 24 | $63.5M | $15.3M | ||
| Q2 24 | $29.8M | $6.9M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $25.3M | ||
| Q3 25 | $65.9M | $23.9M | ||
| Q2 25 | $133.3M | $12.0M | ||
| Q1 25 | $6.0M | $14.0M | ||
| Q4 24 | $24.3M | $21.8M | ||
| Q3 24 | $46.8M | $13.4M | ||
| Q2 24 | $28.5M | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 6.7% | ||
| Q3 25 | 28.6% | 6.5% | ||
| Q2 25 | 69.5% | 3.4% | ||
| Q1 25 | 3.7% | 4.1% | ||
| Q4 24 | 17.2% | 6.5% | ||
| Q3 24 | 41.4% | 4.1% | ||
| Q2 24 | 37.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 1.0% | ||
| Q3 25 | 5.3% | 1.4% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 2.8% | 0.6% | ||
| Q4 24 | 10.9% | 0.6% | ||
| Q3 24 | 14.8% | 0.6% | ||
| Q2 24 | 1.7% | 0.9% |
| Q1 26 | 0.93× | — | ||
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
