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Side-by-side financial comparison of APPIAN CORP (APPN) 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 $202.9M, roughly 1.9× APPIAN CORP). On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 11.7%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 11.0%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
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).
APPN vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $376.9M |
| Net Profit | $-5.1M | — |
| Gross Margin | 64.8% | 17.3% |
| Operating Margin | -0.3% | 1.9% |
| Net Margin | -2.5% | — |
| Revenue YoY | 21.7% | 11.7% |
| Net Profit YoY | 62.6% | — |
| EPS (diluted) | $-0.06 | $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.
| Q4 25 | $202.9M | $376.9M | ||
| Q3 25 | $187.0M | $366.9M | ||
| Q2 25 | $170.6M | $353.6M | ||
| Q1 25 | $166.4M | $342.0M | ||
| Q4 24 | $166.7M | $337.3M | ||
| Q3 24 | $154.1M | $327.5M | ||
| Q2 24 | $146.4M | $314.8M | ||
| Q1 24 | $149.8M | $306.1M |
| Q4 25 | $-5.1M | — | ||
| Q3 25 | $7.8M | — | ||
| Q2 25 | $-312.0K | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $-13.6M | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-43.6M | — | ||
| Q1 24 | $-32.9M | — |
| Q4 25 | 64.8% | 17.3% | ||
| Q3 25 | 75.8% | 16.4% | ||
| Q2 25 | 74.3% | 15.5% | ||
| Q1 25 | 76.6% | 14.9% | ||
| Q4 24 | 67.8% | 15.7% | ||
| Q3 24 | 75.9% | 15.1% | ||
| Q2 24 | 73.1% | 12.8% | ||
| Q1 24 | 74.6% | 11.8% |
| Q4 25 | -0.3% | 1.9% | ||
| Q3 25 | 7.0% | 1.6% | ||
| Q2 25 | -6.4% | 0.7% | ||
| Q1 25 | -0.5% | -0.4% | ||
| Q4 24 | 3.0% | 0.1% | ||
| Q3 24 | -4.6% | 0.5% | ||
| Q2 24 | -26.8% | -1.7% | ||
| Q1 24 | -13.0% | -2.0% |
| Q4 25 | -2.5% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -0.7% | — | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | -29.8% | — | ||
| Q1 24 | -22.0% | — |
| Q4 25 | $-0.06 | $0.13 | ||
| Q3 25 | $0.10 | $0.13 | ||
| Q2 25 | $0.00 | $0.22 | ||
| Q1 25 | $-0.02 | $-0.03 | ||
| Q4 24 | $-0.18 | $0.04 | ||
| Q3 24 | $-0.03 | $0.03 | ||
| Q2 24 | $-0.60 | $-0.14 | ||
| Q1 24 | $-0.45 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $370.7M |
| Total DebtLower is stronger | $240.8M | $101.8M |
| Stockholders' EquityBook value | $-47.0M | $383.9M |
| Total Assets | $691.4M | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $370.7M | ||
| Q3 25 | $191.6M | $348.5M | ||
| Q2 25 | $184.8M | $319.6M | ||
| Q1 25 | $199.7M | $321.8M | ||
| Q4 24 | $159.9M | $307.4M | ||
| Q3 24 | $99.2M | $293.1M | ||
| Q2 24 | $120.8M | $277.2M | ||
| Q1 24 | $170.1M | $275.2M |
| Q4 25 | $240.8M | $101.8M | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | $127.5M | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $255.1M | — |
| Q4 25 | $-47.0M | $383.9M | ||
| Q3 25 | $-48.5M | $368.6M | ||
| Q2 25 | $-53.7M | $355.5M | ||
| Q1 25 | $-31.7M | $333.7M | ||
| Q4 24 | $-32.6M | $323.3M | ||
| Q3 24 | $-49.8M | $320.2M | ||
| Q2 24 | $-45.7M | $305.8M | ||
| Q1 24 | $-9.7M | $303.4M |
| Q4 25 | $691.4M | $915.0M | ||
| Q3 25 | $611.7M | $880.2M | ||
| Q2 25 | $590.7M | $847.8M | ||
| Q1 25 | $592.9M | $837.2M | ||
| Q4 24 | $621.0M | $806.9M | ||
| Q3 24 | $549.9M | $816.1M | ||
| Q2 24 | $554.6M | $795.9M | ||
| Q1 24 | $595.4M | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.1M | $29.3M |
| Free Cash FlowOCF − Capex | $270.0K | $25.3M |
| FCF MarginFCF / Revenue | 0.1% | 6.7% |
| Capex IntensityCapex / Revenue | 0.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $29.3M | ||
| Q3 25 | $18.7M | $29.2M | ||
| Q2 25 | $-1.9M | $15.0M | ||
| Q1 25 | $45.0M | $16.0M | ||
| Q4 24 | $13.9M | $23.7M | ||
| Q3 24 | $-8.2M | $15.3M | ||
| Q2 24 | $-17.6M | $6.9M | ||
| Q1 24 | $18.9M | $2.4M |
| Q4 25 | $270.0K | $25.3M | ||
| Q3 25 | $18.1M | $23.9M | ||
| Q2 25 | $-3.1M | $12.0M | ||
| Q1 25 | $44.3M | $14.0M | ||
| Q4 24 | $13.4M | $21.8M | ||
| Q3 24 | $-8.6M | $13.4M | ||
| Q2 24 | $-18.3M | $4.0M | ||
| Q1 24 | $16.7M | $-631.0K |
| Q4 25 | 0.1% | 6.7% | ||
| Q3 25 | 9.7% | 6.5% | ||
| Q2 25 | -1.8% | 3.4% | ||
| Q1 25 | 26.6% | 4.1% | ||
| Q4 24 | 8.0% | 6.5% | ||
| Q3 24 | -5.6% | 4.1% | ||
| Q2 24 | -12.5% | 1.3% | ||
| Q1 24 | 11.1% | -0.2% |
| Q4 25 | 0.4% | 1.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.5% | 0.9% | ||
| Q1 24 | 1.5% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
