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Side-by-side financial comparison of Bandwidth Inc. (BAND) 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 $208.8M, roughly 1.8× Bandwidth Inc.). On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 11.7%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-1.0M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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).
BAND vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $376.9M |
| Net Profit | $4.0M | — |
| Gross Margin | 37.3% | 17.3% |
| Operating Margin | 60.5% | 1.9% |
| Net Margin | 1.9% | — |
| Revenue YoY | 20.1% | 11.7% |
| Net Profit YoY | 200.0% | — |
| EPS (diluted) | $-0.08 | $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 | $208.8M | — | ||
| Q4 25 | $207.7M | $376.9M | ||
| Q3 25 | $191.9M | $366.9M | ||
| Q2 25 | $180.0M | $353.6M | ||
| Q1 25 | $174.2M | $342.0M | ||
| Q4 24 | $210.0M | $337.3M | ||
| Q3 24 | $193.9M | $327.5M | ||
| Q2 24 | $173.6M | $314.8M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.2M | — | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-3.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $413.0K | — | ||
| Q2 24 | $4.1M | — |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 17.3% | ||
| Q3 25 | 38.5% | 16.4% | ||
| Q2 25 | 39.8% | 15.5% | ||
| Q1 25 | 41.0% | 14.9% | ||
| Q4 24 | 36.4% | 15.7% | ||
| Q3 24 | 37.7% | 15.1% | ||
| Q2 24 | 37.3% | 12.8% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 1.9% | ||
| Q3 25 | -1.0% | 1.6% | ||
| Q2 25 | -2.1% | 0.7% | ||
| Q1 25 | -2.7% | -0.4% | ||
| Q4 24 | -1.3% | 0.1% | ||
| Q3 24 | -0.5% | 0.5% | ||
| Q2 24 | -3.5% | -1.7% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | -2.7% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 2.3% | — |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.13 | ||
| Q3 25 | $-0.04 | $0.13 | ||
| Q2 25 | $-0.16 | $0.22 | ||
| Q1 25 | $-0.13 | $-0.03 | ||
| Q4 24 | $0.27 | $0.04 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.17 | $-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 | $47.3M | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $405.7M | $383.9M |
| Total Assets | $984.2M | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $370.7M | ||
| Q3 25 | $80.4M | $348.5M | ||
| Q2 25 | $68.1M | $319.6M | ||
| Q1 25 | $41.7M | $321.8M | ||
| Q4 24 | $83.8M | $307.4M | ||
| Q3 24 | $79.9M | $293.1M | ||
| Q2 24 | $76.4M | $277.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $383.9M | ||
| Q3 25 | $392.7M | $368.6M | ||
| Q2 25 | $384.5M | $355.5M | ||
| Q1 25 | $345.4M | $333.7M | ||
| Q4 24 | $312.5M | $323.3M | ||
| Q3 24 | $336.6M | $320.2M | ||
| Q2 24 | $307.4M | $305.8M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $915.0M | ||
| Q3 25 | $1.0B | $880.2M | ||
| Q2 25 | $1.0B | $847.8M | ||
| Q1 25 | $964.4M | $837.2M | ||
| Q4 24 | $989.2M | $806.9M | ||
| Q3 24 | $1.0B | $816.1M | ||
| Q2 24 | $1.0B | $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 | — | $29.3M |
| Free Cash FlowOCF − Capex | $-1.0M | $25.3M |
| FCF MarginFCF / Revenue | -0.5% | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $29.3M | ||
| Q3 25 | $22.2M | $29.2M | ||
| Q2 25 | $31.7M | $15.0M | ||
| Q1 25 | $-3.1M | $16.0M | ||
| Q4 24 | $36.5M | $23.7M | ||
| Q3 24 | $20.5M | $15.3M | ||
| Q2 24 | $24.4M | $6.9M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $23.9M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $4.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
