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NASDAQ · HOSPITAL & MEDICAL SERVICE PLANS · LARGE CAP

Trupanion, Inc. TRUP

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 11.9% YoY
$19.4M
$75.4M
▲ 95.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Trupanion, Inc. provides medical insurance for cats and dogs in the United States, Canada, and certain countries in Continental Europe. As of December 31, 2025, the company employed 1,121 people across the U.S., Canada and Europe. It operates in two reporting segments, a subscription business and an other business. Within the subscription business segment, it generates revenue primarily through insurance premiums, referred to as subscription payments, from direct-to-consumer products. Within its subscription business, it also provides "Powered by Trupanion" products marketed by third parties, the Furkin and PHI Direct brands in Canada, and a Trupanion-branded product in Germany and Switzerland. The company was founded in Canada in 2000 as Vetinsurance Ltd. In 2013, it formally changed its name to Trupanion, Inc.

Written from the business description in TRUPANION, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.4B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income 0.0
1B2B
201220152018202120242025
Compound annual growth
+16.7%
+23.4%
+25.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.4% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2025 · Operating 1.0% · Net ·
-5%-10%-15%
201220182025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Three returns, three denominators.
Return on equityNot available: we don't have a clean profit figure for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 3%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 75.4
30M60M-20M-40M
201220182025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks -0.8
2M3M-2M-3M
2021202220232024

Total assetsUSD 915.0M
EquityUSD 383.9M
CashUSD 138.0M
Gross debtUSD 111.8M
Net debtUSD -26.2M
Current ratio1.69×

The company holds more cash than debt.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
TRUP, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B1.41.31.10.90.70.50.40.30.20.20.10.10.10.1
Operating income $B0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.00.0−0.0−0.0−0.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.0−0.0−0.00.00.00.00.0−0.0−0.00.00.0−0.0−0.00.0
Net income $B0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.10.00.0−0.0−0.00.00.0−0.00.00.0−0.0−0.0−0.0−0.0
EPS, diluted $0.45−0.23−1.08−1.10−0.89−0.16−0.05−0.03−0.05−0.24−0.62−1.64−6.23−9.76
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %◌◌◌◌◌◌◌◌◌◌◌———
Shares out B0.040.040.040.040.040.030.030.030.030.030.030.030.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. 11 checks were skipped: cost of revenue is not tagged before 2018. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityHospital & Medical Service Plans
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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