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.
BV
Brandon Vazquez
William Blair & Company, L.L.C.
4 questions for TRUP
Also covers: ALGN, CBLL, CVRX +16 more
JB
John Barnidge
Piper Sandler
4 questions for TRUP
Also covers: AFL, AIZ, AMP +15 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 +5 more
Wilma Jackson Burdis
Raymond James
3 questions for TRUP
Also covers: AFL, ALTI, AMP +12 more
Joshua Shanker
Bank of America Merrill Lynch
2 questions for TRUP
Also covers: ACGL, AFL, ALL +13 more
MR
Maria Ripps
Morgan Stanley
1 question for TRUP
Also covers: BARK, DSP, DV +13 more
Wilma Burdis
Raymond James Financial
1 question for TRUP
Also covers: AFL, ALTI, AMP +12 more
Recent press releases and 8-K filings for TRUP.
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
Trupanion Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Refinances Debt
TRUP
Earnings
Guidance Update
Debt Issuance
- Trupanion reported strong Q3 2025 financial results, with total revenue of $366.9 million, up 12% year over year, and record subscription-adjusted operating income of $39.1 million, a 27% increase year over year.
- The company achieved significant operational growth, adding over 16,000 net new pets in its subscription segment, a 45% increase year over year, and improving average monthly retention to 98.33%.
- Trupanion updated its full-year 2025 guidance, raising the low end for total adjusted operating income to a range of $148 million - $151 million and narrowing total revenue guidance to $1.433 billion - $1.439 billion.
- Subsequent to the quarter, the company refinanced its term loan with a new $120 million credit facility with PNC Bank, projected to save approximately $8-$9 million annually in interest.
- A new partnership with BMO Insurance was announced, aiming to broaden access to Trupanion's core product in Canada.
Nov 6, 2025, 9:30 PM
Trupanion Reports Strong Q3 2025 Results and Secures New Credit Facility
TRUP
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Trupanion reported total revenue of $366.9 million for the third quarter ended September 30, 2025, marking a 12% increase over the prior year, with net income of $5.9 million ($0.14 per basic share) and Adjusted EBITDA of $19.6 million.
- For the first nine months of 2025, total revenue grew 12% to $1,062.5 million, and the company achieved net income of $13.8 million ($0.32 per basic share), a significant improvement from a net loss in the first nine months of 2024.
- Subscription enrolled pets increased by 5% to 1,082,412 at September 30, 2025.
- The company also secured a new three-year $120 million credit facility with PNC Bank, which features a lower interest rate and enhances financial flexibility.
Nov 6, 2025, 9:05 PM
Trupanion Reports Strong Q3 2025 Results and Secures New Credit Facility
TRUP
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Trupanion reported strong financial results for Q3 2025, with total revenue of $366.9 million, a 12% increase compared to the third quarter of 2024, and net income of $5.9 million, or $0.13 per diluted share.
- The company's Adjusted EBITDA reached $19.6 million in Q3 2025, and it generated $29.2 million in operating cash flow and $23.9 million in free cash flow.
- On November 4, 2025, Trupanion secured a new three-year $120 million credit facility with PNC Bank, comprising a $100.0 million term loan and a $20.0 million revolving facility, which was used to repay the prior credit agreement and offers a lower interest rate.
- Subscription enrolled pets increased by 5% to 1,082,412 at September 30, 2025.
Nov 6, 2025, 9:02 PM
Trupanion Highlights Strategic Growth and Raised 2025 Guidance
TRUP
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Trupanion has achieved 62 straight quarters of revenue growth and has raised its 2025 guidance for total revenue to 10.9% year-over-year, subscription revenue to $15,300,000, and adjusted operating income to 27.5%. The company also reported $61,000,000 of positive free cash flow in the last four quarters.
- The company has significantly improved profitability, with profit per pet expected to reach nearly $12 from a low of $6, while maintaining a 71% loss ratio. Subscription adjusted operating income (AOI) experienced 54% year-over-year growth in 2024 and is projected to be around 30% in 2025.
- Trupanion is increasing its acquisition spend in 2025 and 2026, with Q3 pet count expected to accelerate due to more growth from new pet ads. The company operates in a vast, underpenetrated market with only 4% penetration in the US, and has outlined a new strategic plan focusing on product, channels, and geography.
- The company is overcapitalized and has deployed $38,000,000 from its insurance entity in the last two years to fuel growth, including through dividends.
Sep 17, 2025, 4:00 PM
Trupanion Highlights Strong Growth and Raised Financial Guidance at Investor Day
TRUP
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Trupanion reported a 5-year total business revenue CAGR of 23% and a 5-year Subscription revenue CAGR of 21%.
- The company expects Adjusted Operating Income (AOI) to be around 30% in 2025, reflecting 54% year-over-year growth in 2024, and anticipates $130 million in AOI in 2025 for reinvestment.
- Trupanion has raised its guidance for total revenue to 10.9% year-over-year, subscription revenue to 15.3%, and adjusted operating income to 27.5%.
- The company has paid over $3.5 billion in claims to members and maintains a best-in-class retention rate of 98.5% in 2024, with expectations for it to be higher in 2025.
- Trupanion noted a 4% market penetration in the US, indicating a massive opportunity, and sees significant potential for international growth, particularly in Germany.
Sep 17, 2025, 4:00 PM
Trupanion Highlights Consistent Growth and Future Investment Strategy
TRUP
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Trupanion reported 62 straight quarters of revenue growth and raised its guidance for total revenue to 10.9% year over year, subscription revenue to 15.3%, and adjusted operating income to 27.5%.
- The company has seen a third consecutive quarter of accelerating pet count and a significant improvement in profit per pet, reversing from a low of around $6 to nearing $12, while maintaining a 71% loss ratio.
- Strategic growth initiatives include stepping up acquisition spend in late 2025 and 2026, expanding into the $60 billion pet food market with its Landopath product, and aggressively developing new distribution channels.
- Operational efficiencies have resulted in an average claim processing time of 25 hours, with over one-third of invoices paid directly to vets in under five minutes, contributing to a decreasing claims processing cost as a percentage of revenue.
- Trupanion generated $61 million in positive free cash flow over the last four quarters and unlocked $65 million from its insurance entity in the last two years, including a $26 million extraordinary dividend, to fund growth and reduce debt.
Sep 17, 2025, 4:00 PM
Quarterly earnings call transcripts for TRUPANION.
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