Earnings summaries and quarterly performance for TRUPANION.
Executive leadership at TRUPANION.
Margi Tooth
Detailed
Chief Executive Officer and President
CEO
BM
Brenna McGibney
Detailed
Chief Administrative Officer
ED
Emily Dreyer
Detailed
Senior Vice President, Channel Growth
FQ
Fawwad Qureshi
Detailed
Chief Financial Officer
JG
John Gallagher
Detailed
Chief Operating Officer
SW
Simon Wheeler
Detailed
Executive Vice President, International Business
SW
Steve Weinrauch
Detailed
Executive Vice President, Veterinary & Product
Board of directors at TRUPANION.
BM
Betsy McLaughlin
Detailed
Director
BP
Bradley Powell
Detailed
Director
DR
Darryl Rawlings
Detailed
Chair of the Board
HR
Howard Rubin
Detailed
Director
JD
Jackie Davidson
Detailed
Director
MB
Max Brodén
Detailed
Director
ML
Murray Low
Detailed
Lead Independent Director
PD
Paulette Dodson
Detailed
Director
RE
Richard Enthoven
Detailed
Director
Research analysts who have asked questions during TRUPANION earnings calls.
JB
John Barnidge
Piper Sandler
6 questions for TRUP
Also covers: AFL, AIZ, AMP +17 more
BV
Brandon Vazquez
William Blair & Company, L.L.C.
4 questions for TRUP
Also covers: ALGN, CBLL, CVRX +17 more
Jonathan Block
Stifel Financial Corp.
4 questions for TRUP
Also covers: ALGN, COO, CUTR +11 more
KS
Katie Sakys
Autonomous Research
3 questions for TRUP
Also covers: AJG, EG, GSHD +7 more
Wilma Burdis
Raymond James Financial
3 questions for TRUP
Also covers: AFL, ALTI, AMP +18 more
Wilma Jackson Burdis
Raymond James
3 questions for TRUP
Also covers: AFL, ALTI, AMP +12 more
JB
Jordan Bernstein
Stifel
2 questions for TRUP
Josh Shanker
Bank of America
2 questions for TRUP
Also covers: ACGL, ALL, AXS +12 more
Joshua Shanker
Bank of America Merrill Lynch
2 questions for TRUP
Also covers: ACGL, AFL, ALL +13 more
Russell Yuen
William Blair & Company
2 questions for TRUP
Also covers: ALGN, ENOV, NVST
MR
Maria Ripps
Morgan Stanley
1 question for TRUP
Also covers: BARK, DSP, DV +13 more
Recent press releases and 8-K filings for TRUP.
Trupanion Outlines 2026 Outlook and Strategic Growth Initiatives
TRUP
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Trupanion anticipates continued adjusted operating margin expansion in 2026, with pricing still contributing more to revenue growth than headcount, though the contribution from headcount is expected to increase compared to 2025.
- The company achieved a 14.8% margin for the full year in 2025, a historical first, and generated approximately $75 million in free cash flow in 2025, exceeding its 2.5% of revenue target by reaching closer to 5%.
- Trupanion plans to be more aggressive in growth in the next three to five years, leveraging its financial capacity and deploying Adjusted Operating Income (AOI) into pet acquisition and technology investments, including AI for operational efficiency and member experience.
- The company is exploring new product offerings, including a potential early entry product with the Trupanion brand promise and direct pay, to cater to pet parents who may not afford the most comprehensive coverage.
- Retention rates are improving modestly and are expected to return to historical peak levels over time, despite compounding price increases over the last three years, indicating a loyal customer base.
2 days ago
Trupanion Outlines 2026 Outlook, Highlights 2025 Margin Achievement and Growth Strategy
TRUP
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Trupanion anticipates continued adjusted operating margin expansion in 2026, with pricing remaining the primary driver of revenue growth, though headcount contribution will increase compared to 2025.
- The company reported achieving a 14.8% margin for the full year in 2025, a historical first that approaches its 15% target.
- Trupanion generated approximately $75 million in free cash flow in 2025, representing about 5% of revenue, providing the financial capacity to accelerate investments in technology and customer acquisition.
- Following its focus on pricing and retention, Trupanion plans to pursue more aggressive growth in the next three to five years, including evolving its product offerings to cater to a broader market while leveraging its brand and direct pay feature.
- Strategic investments in technology, including AI adoption and claims automation, are expected to enhance operational efficiency and the member experience.
2 days ago
Trupanion Outlines 2026 Outlook, Highlights 2025 Financial Performance, and Strategic Growth Initiatives
TRUP
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Trupanion expects continued momentum in expense leverage and margin expansion from an adjusted operating margin standpoint in 2026. While pricing will still lead revenue growth, headcount is projected to contribute a higher percentage than in 2025. The company plans to be aggressive from a pet count point of view.
- For the full year 2025, Trupanion achieved a 14.8% margin and generated approximately $75 million in free cash flow, which was about 5% of revenue, providing financial capacity to accelerate investments.
- The company is shifting towards more aggressive growth, leveraging its improved brand equity and financial strength. It intends to evolve its product offerings to cater to a broader range of pet parents, building on insights from previous lower-value products like PHI and Furkin.
- Trupanion is investing in technology and new ventures such as LabSpec, a pet food business, which it believes has the potential to become as large as or larger than the pet insurance business with more favorable economics in the long term.
2 days ago
Trupanion Reports Record 2025 Results and Issues Strong 2026 Guidance
TRUP
Earnings
Guidance Update
New Projects/Investments
- Trupanion reported a record year in 2025, with subscription revenue nearing $1 billion and $152 million in adjusted operating income, achieving an approximately 15% adjusted operating margin. The company also generated $75.4 million in free cash flow for the full year, a 95% increase year-over-year.
- For Q4 2025, total revenue was $376.9 million, up 12% year-over-year, and adjusted operating income reached $45 million, a 26% increase from the prior year.
- The company provided 2026 full-year guidance, expecting total revenue between $1.55 billion and $1.582 billion and adjusted operating income between $173 million and $187 million, representing approximately 19% year-over-year growth at the midpoint.
- Subscription pet growth accelerated, with net pet growth of 50% in Q4 and 10% for the full year, driven by improved retention and an 8% year-on-year increase in gross pet adds in Q4. The blended Q4 2025 Internal Rate of Return (IRR) was 23%, reflecting aggressive investment due to increased lifetime value.
Feb 12, 2026, 9:30 PM
Trupanion Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance
TRUP
Earnings
Guidance Update
New Projects/Investments
- Trupanion reported Q4 2025 total revenue of $376.9 million, an increase of 12% year-over-year, with subscription revenue at $261.4 million, up 15%. For the full year 2025, adjusted operating income reached $152 million.
- The company ended 2025 with nearly 1 million pets protected under the Trupanion brand and generated $75.4 million in free cash flow for the full year, marking a 95% increase year-over-year.
- Operational highlights include 50% subscription net pet growth in Q4 2025 and an improved average monthly retention of 98.34% for the trailing twelve months.
- For full year 2026, Trupanion expects total revenue in the range of $1.55 billion to $1.582 billion, and total adjusted operating income between $173 million and $187 million, representing approximately 19% year-over-year growth at the midpoint.
- Trupanion plans to invest aggressively in brand awareness, new product offerings, and strategic initiatives such as Landspath to strengthen pet acquisition and retention strategies and broaden its market reach.
Feb 12, 2026, 9:30 PM
Trupanion Reports Strong Q4 and Full Year 2025 Financial Results, Provides 2026 Outlook
TRUP
Earnings
Guidance Update
New Projects/Investments
- Trupanion reported total revenue of $376.9 million for Q4 2025, up 12% year-over-year, and $45 million in total adjusted operating income, an increase of 26% from Q4 last year. For the full year 2025, the company generated $152 million in adjusted operating income and $75.4 million in free cash flow, a 95% increase year-over-year.
- The subscription business saw revenue of $261.4 million in Q4 2025, up 15% year-over-year, with total subscription pets increasing 5% to over 1,096,000 pets as of December 31. Trailing twelve-month retention improved to 98.34%, and gross pet adds accelerated by 8% year-on-year in Q4, driving subscription net pet growth of 50% in Q4 and 10% for the full year.
- For the full year 2026, Trupanion expects total revenue between $1.55 billion and $1.582 billion and total adjusted operating income in the range of $173 million to $187 million, representing approximately 19% year-over-year growth at the midpoint.
- The company is investing in brand awareness and education to reach pet parents earlier , and plans to launch a new product offering for a lower-priced insurance plan within the next 36 months. They are also developing Landspath, a portion control food initiative, aiming to improve pet health and offer bundled pet care.
Feb 12, 2026, 9:30 PM
TRUPANION Announces Q4 2025 Results and 2026 Outlook
TRUP
Earnings
Guidance Update
- TRUPANION reported a total of 1,096,173 subscription pets enrolled at the end of Q4 2025, with 65,220 gross new pets added during the quarter, marking an 8.4% year-over-year growth.
- The company generated $25.34 million in free cash flow for Q4 2025 and $75.36 million for the full year 2025.
- The estimated Internal Rate of Return (IRR) for Q4 2025 was 23%.
- For Q1 2026, TRUPANION projects revenue between $376 million and $382 million, subscription revenue between $265 million and $268 million, and adjusted operating income between $38 million and $41 million. The full year 2026 outlook includes revenue between $1.550 billion and $1.582 billion, subscription revenue between $1.117 billion and $1.137 billion, and adjusted operating income between $173 million and $187 million.
Feb 12, 2026, 9:30 PM
Trupanion Reports Strong Full Year and Fourth Quarter 2025 Financial Results
TRUP
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Trupanion announced full-year 2025 total revenue of $1,439.3 million, marking a 12% increase compared to 2024, with subscription business revenue growing 16% to $989.3 million.
- The company reported full-year 2025 net income of $19.4 million, or $0.45 per basic and diluted share, a significant turnaround from a net loss of $(9.6) million, or $(0.23) per share, in 2024.
- Adjusted EBITDA for full year 2025 reached $70.1 million, up from $46.1 million in 2024, and operating cash flow increased to $89.5 million from $48.3 million in 2024.
- For the fourth quarter of 2025, total revenue was $376.9 million, a 12% increase over Q4 2024, and net income was $5.6 million, or $0.13 per basic and diluted share.
- Trupanion's CEO, Margi Tooth, highlighted achieving their 15% annual margin target in 2025, increasing subscription revenue, and reinvesting over $150 million in discretionary profit to drive higher retention and accelerating gross pet adds.
Feb 12, 2026, 9:05 PM
Trupanion Reports Q4 and Full Year 2025 Results
TRUP
Earnings
Revenue Acceleration/Inflection
- Trupanion reported total revenue of $376.9 million for the fourth quarter of 2025, a 12% increase compared to the fourth quarter of 2024, and $1,439.3 million for the full year 2025, also a 12% increase over 2024.
- The company achieved net income of $5.6 million ($0.13 per basic and diluted share) in Q4 2025 and $19.4 million ($0.45 per basic and diluted share) for the full year 2025, a significant improvement from a net loss in 2024.
- Adjusted EBITDA for Q4 2025 was $21.8 million, and $70.1 million for the full year 2025, compared to $19.4 million and $46.1 million respectively in the prior year.
- Subscription business revenue increased by 15% to $261.4 million in Q4 2025 and by 16% to $989.3 million for the full year 2025, with subscription enrolled pets increasing by 5% to 1,096,173 at December 31, 2025.
Feb 12, 2026, 9:01 PM
Trupanion Reports Q3 2025 Results and Provides Outlook
TRUP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Free cash flow for the three months ended September 30, 2025, was $23,963 thousand.
- The total number of subscription pets enrolled reached 1,082,412 at the end of Q3 2025.
- The estimated internal rate of return (IRR) for Q3 2025 was 28%, with a quarterly average pet acquisition cost of $(290).
- For Q4 2025, Trupanion projects revenue between $371 million and $377 million and adjusted operating income between $41 million and $44 million.
- For Full Year 2025, the company forecasts revenue between $1.433 billion and $1.439 billion and adjusted operating income between $148 million and $151 million.
Nov 6, 2025, 9:30 PM
Quarterly earnings call transcripts for TRUPANION.
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