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TRUPTrupanion, Inc.
$27.05$1.2B
Overview & Verdict
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TRUP logoTrupanion, Inc.(TRUP)Earnings, Financials & Key Ratios

TRUP•NASDAQ•Insurance & Managed Care
$27.05
60.1× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustrySpecialty Personal and Pet Insurance
AboutTrupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, Inc. in 2013. The company was founded in 2000 and is headquartered in Seattle, Washington.Show more
  • Revenue$1.44B+11.9%
  • Combined Ratio98.47%-2.3%
  • Net Income$19M+301.7%
  • Return on Equity5.5%+278.8%
  • Medical Cost Ratio71.49%-17.0%
  • Operating Margin1.53%+306.5%
  • Net Margin1.35%+280.2%
  • ROA2.26%+286.3%
  • Equity / Assets41.96%+4.7%

TRUP Price & Volume

Trupanion, Inc. (TRUP) stock price & volume — 10-year historical chart

Loading chart...

Volatile Underwriting Margins Cloud Growth Trajectory Outlook

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Adequate
Cash Flow:Improving
Primary Risk:Regulatory rate approval lag

Key Thesis Takeaways

  • Trupanion faces a complex transition as revenue growth decelerates to 12.3% in 2026Q1, signaling potential market saturation in the specialty pet insurance sector.
  • While the company has achieved a recent improvement in its combined ratio to 18.6%, persistent material weaknesses in internal controls and high sensitivity to veterinary medical inflation create significant uncertainty regarding long-term profitability.
  • Investors should remain cautious as the firm balances aggressive pet acquisition costs against the necessity of maintaining statutory capital requirements to support its $394.8 million equity base.

Verdict Logic

while the company reached a $4.8 million operating income in 2026Q1, the historical volatility in the combined ratio and the presence of material internal control weaknesses suggest that the current 46.80 forward P/E may not fully reflect underlying operational risks.

TRUP Growth Metrics

Trupanion, Inc. (TRUP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.63%
5 Years23.45%
3 Years16.72%
TTM12.1%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM704.97%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM676.74%

Return on Capital

10 Years-5.21%
5 Years-5.93%
3 Years-2.49%
Last Year4.57%

TRUP Recent Earnings

Trupanion, Inc. (TRUP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.11+57.1%
$0.07
Rev
$384M+1.1%
$380M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.13-7.1%
$0.14
Rev
$377M+0.4%
$376M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.13-85.4%
$0.89
Rev
$367M+1.5%
$362M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.22+833.3%
$0.03
Rev
$354M+2.0%
$347M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.11vs $0.07+57.1%
$384Mvs $380M+1.1%
Q1 2026Feb 12, 2026
$0.13vs $0.14-7.1%
$377Mvs $376M+0.4%
Q4 2025Nov 6, 2025
$0.13vs $0.89-85.4%
$367Mvs $362M+1.5%
Q3 2025Aug 7, 2025
$0.22vs $0.03+833.3%
$354Mvs $347M+2.0%
Based on last 12 quarters of dataView full earnings history →

Latest TRUP News

Recent stock market news and headlines for Trupanion, Inc. (TRUP)

Zacks Investment Research·Jun 29, 2026
Trupanion (TRUP) Moves 5.8% Higher: Will This Strength Last?

Trupanion (TRUP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

GlobeNewsWire·Jun 24, 2026
Trupanion to Participate in Virtual Fireside Chat with Piper Sandler

SEATTLE, June 24, 2026 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today that Margi Tooth, Chief Executive Officer and President, will participate in a virtual fireside chat with Piper Sandler on Tuesday, June 30, 2026 at 10:00 a.m. PT. For registration and participation details, please contact your Piper Sandler Sales Representative. A replay of the webcast will be posted after the event on Trupanion's Investor Relations website at http://investors.trupanion.com.

MarketBeat·Jun 23, 2026
Can Trupanion Turn Pet Insurance Loyalty Into Real Earnings?

Trupanion TodayTRUPTrupanion$23.57 +0.32 (+1.38%) As of 04:00 PM Eastern52-Week Range$21.16▼$57.88P/E Ratio39.95Price Target$42.25Add to WatchlistTrupanion NASDAQ: TRUP has spent years telling investors a compelling story about pet insurance. Yet despite steadily rising revenue over the years, Trupanion has struggled to translate that growth into profits.

MarketBeat·Jun 18, 2026
Can Trupanion Turn Pet Insurance Loyalty Into Real Earnings?

Trupanion TodayTRUPTrupanion$23.64 +0.08 (+0.32%) As of 12:25 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$21.16▼$57.88P/E Ratio40.08Price Target$42.25Add to WatchlistTrupanion NASDAQ: TRUP has spent years telling investors a compelling story about pet insurance.

Peers Comparison

Key metrics vs top competitors for Trupanion, Inc. (TRUP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TRUP logoTRUPTrupanion, Inc.Current
$27.05$1.17B60.1111.95%1.35%5.5%—
LMND logoLMNDLemonade, Inc.
$77.59$5.96B-33.7340.15%-16.92%-26.52%—
HIFS logoHIFSHingham Institution for Savings
$293.92$640.82M11.878.92%22.1%10.76%—
WOOF logoWOOFPetco Health and Wellness Company, Inc.
$2.53$722.48M79.81-2.53%-0.39%-2.03%—
PETS logoPETSPetMed Express, Inc.
$1.92$41.02M-0.70-21.13%-32%-146.59%—
PGR logoPGRThe Progressive Corporation
$234.40$136.97B12.1916.32%12.93%35.45%—

Compare TRUP vs Peers

Trupanion, Inc. (TRUP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LMND

Most directly comparable listed peer for TRUP.

Scale Benchmark

vs PGR

Larger-name benchmark to compare TRUP against a more recognizable public peer.

Peer Set

Compare Top 5

vs LMND, HIFS, WOOF, PETS

TRUP SEC Filings & Documents

Trupanion, Inc. (TRUP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 27, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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TRUP Frequently Asked Questions

Trupanion, Inc. (TRUP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Trupanion, Inc. growing?

Trupanion, Inc. (TRUP) grew revenue by 11.9% over the past year. This is steady growth.

Is TRUP profitable?

Yes, Trupanion, Inc. (TRUP) is profitable, generating $25.8M in net income for fiscal year 2025 (1.4% net margin).

Dividend & Returns
What is TRUP's return on equity?

Trupanion, Inc. (TRUP) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.

Industry Metrics
What is Trupanion, Inc.'s combined ratio?

Trupanion, Inc. (TRUP) has a combined ratio of 98.5%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in TRUP back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →