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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $376.9M, roughly 1.1× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 10.7%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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).
PEGA vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $376.9M |
| Net Profit | $32.8M | — |
| Gross Margin | 75.2% | 17.3% |
| Operating Margin | 8.6% | 1.9% |
| Net Margin | 7.6% | — |
| Revenue YoY | -9.6% | 11.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.18 | $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 | $430.0M | — | ||
| Q4 25 | $504.3M | $376.9M | ||
| Q3 25 | $381.4M | $366.9M | ||
| Q2 25 | $384.5M | $353.6M | ||
| Q1 25 | $475.6M | $342.0M | ||
| Q4 24 | $490.8M | $337.3M | ||
| Q3 24 | $325.1M | $327.5M | ||
| Q2 24 | $351.2M | $314.8M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | — | ||
| Q3 25 | $43.4M | — | ||
| Q2 25 | $30.1M | — | ||
| Q1 25 | $85.4M | — | ||
| Q4 24 | $119.1M | — | ||
| Q3 24 | $-14.4M | — | ||
| Q2 24 | $6.6M | — |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 17.3% | ||
| Q3 25 | 72.2% | 16.4% | ||
| Q2 25 | 71.5% | 15.5% | ||
| Q1 25 | 78.5% | 14.9% | ||
| Q4 24 | 79.1% | 15.7% | ||
| Q3 24 | 70.2% | 15.1% | ||
| Q2 24 | 72.4% | 12.8% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 1.9% | ||
| Q3 25 | 3.8% | 1.6% | ||
| Q2 25 | 4.5% | 0.7% | ||
| Q1 25 | 26.7% | -0.4% | ||
| Q4 24 | 29.1% | 0.1% | ||
| Q3 24 | -3.6% | 0.5% | ||
| Q2 24 | 3.7% | -1.7% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | -4.4% | — | ||
| Q2 24 | 1.9% | — |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $0.13 | ||
| Q3 25 | $0.24 | $0.13 | ||
| Q2 25 | $0.17 | $0.22 | ||
| Q1 25 | $0.91 | $-0.03 | ||
| Q4 24 | $1.35 | $0.04 | ||
| Q3 24 | $-0.17 | $0.03 | ||
| Q2 24 | $0.07 | $-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 | $270.0M | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $705.9M | $383.9M |
| Total Assets | $1.6B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $370.7M | ||
| Q3 25 | $351.4M | $348.5M | ||
| Q2 25 | $411.6M | $319.6M | ||
| Q1 25 | $371.7M | $321.8M | ||
| Q4 24 | $740.0M | $307.4M | ||
| Q3 24 | $703.0M | $293.1M | ||
| Q2 24 | $665.1M | $277.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $383.9M | ||
| Q3 25 | $596.8M | $368.6M | ||
| Q2 25 | $624.5M | $355.5M | ||
| Q1 25 | $611.3M | $333.7M | ||
| Q4 24 | $585.5M | $323.3M | ||
| Q3 24 | $473.0M | $320.2M | ||
| Q2 24 | $435.4M | $305.8M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $915.0M | ||
| Q3 25 | $1.3B | $880.2M | ||
| Q2 25 | $1.3B | $847.8M | ||
| Q1 25 | $1.3B | $837.2M | ||
| Q4 24 | $1.8B | $806.9M | ||
| Q3 24 | $1.6B | $816.1M | ||
| Q2 24 | $1.5B | $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 | $206.5M | $25.3M |
| FCF MarginFCF / Revenue | 48.0% | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $29.3M | ||
| Q3 25 | $56.3M | $29.2M | ||
| Q2 25 | $86.3M | $15.0M | ||
| Q1 25 | $204.2M | $16.0M | ||
| Q4 24 | $95.2M | $23.7M | ||
| Q3 24 | $30.5M | $15.3M | ||
| Q2 24 | $40.1M | $6.9M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $25.3M | ||
| Q3 25 | $51.8M | $23.9M | ||
| Q2 25 | $84.1M | $12.0M | ||
| Q1 25 | $202.3M | $14.0M | ||
| Q4 24 | $92.4M | $21.8M | ||
| Q3 24 | $27.4M | $13.4M | ||
| Q2 24 | $38.8M | $4.0M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 6.7% | ||
| Q3 25 | 13.6% | 6.5% | ||
| Q2 25 | 21.9% | 3.4% | ||
| Q1 25 | 42.5% | 4.1% | ||
| Q4 24 | 18.8% | 6.5% | ||
| Q3 24 | 8.4% | 4.1% | ||
| Q2 24 | 11.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 1.2% | 1.4% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 0.4% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
