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Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on subscription basis in the United States, Canada, Continental Europe, 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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $52M | $19M | $75M | 5.1% | 11.9% | -301.7% |
| 2024 | $1.3B | $21M | $-10M | $39M | -3.0% | 16.0% | -78.4% |
| 2023 | $1.1B | $-20M | $-45M | $0M | -14.7% | 22.5% | 0.0% |
| 2022 | $905M | $-29M | $-45M | $-25M | -14.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 1,439.30 |
| Operating Revenue | 989.34 |
| Cost Of Revenue | 1,208.29 |
| Gross Profit | 231.01 |
| Operating Expense | 130.33 |
| Research And Development | 37.85 |
| Selling General And Administration | 76.65 |
| Total Expenses | 1,338.63 |
| Operating Income | 100.68 |
| Total Operating Income As Reported | 13.84 |
| EBITDA | 51.59 |
| Normalized EBITDA | 138.13 |
| EBIT | 35.75 |
| Interest Income | 12.30 |
| Interest Expense | 13.76 |
| Net Interest Income | -1.46 |
| Other Non Operating Income Expenses | 9.62 |
| Other Income Expense | -77.23 |
| Interest Income Non Operating | 12.30 |
| Interest Expense Non Operating | 13.76 |
| Net Non Operating Interest Income Expense | -1.46 |
| Pretax Income | 21.99 |
| Tax Provision | 2.56 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -10.04 |
| Net Income Continuous Operations | 19.43 |
| Net Income From Continuing And Discontinued Operation | 19.43 |
| Net Income From Continuing Operation Net Minority Interest | 19.43 |
| Net Income | 19.43 |
| Net Income Common Stockholders | 19.43 |
| Net Income Including Noncontrolling Interests | 19.43 |
| Normalized Income | 95.93 |
| Diluted NI Availto Com Stockholders | 19.43 |
| Basic Average Shares | 42.96 |
| Diluted Average Shares | 43.56 |
| Reconciled Depreciation | 15.84 |
| Reconciled Cost Of Revenue | 1,208.29 |
| Total Unusual Items | -86.54 |
| Total Unusual Items Excluding Goodwill | -86.54 |
| Special Income Charges | -86.54 |
| Impairment Of Capital Assets | 1.13 |
| Restructuring And Mergern Acquisition | 85.41 |
| Depreciation Amortization Depletion Income Statement | 15.84 |
| Depreciation And Amortization In Income Statement | 15.84 |
| General And Administrative Expense | 76.65 |
| Other Gand A | 76.65 |
| Other Operating Expenses | - |
| Selling And Marketing Expense | - |
| Earnings From Equity Interest | -0.30 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Trupanion, Inc.this co. | TRUP | $949M | 48.82↑ premium | 2.47 | 5.1% | 17.88 |
| Burford Capital Limited | BUR | $975M | 15.58 | 0.40 | 2.6% | - |
| Capitol Federal Financial, Inc. | CFFN | $973M | 14.30 | 0.93 | 6.5% | - |
| Horizon Bancorp, Inc. | HBNC | $961M | -6.39 | 1.40 | -21.9% | - |
| MetroCity Bankshares, Inc. | MCBS | $960M |
| - |
| - |
| - |
| - |
| - |
| 14.01 |
| 1.76 |
| 12.6% |
| - |
| Equity Bancshares, Inc. | EQBK | $946M | 41.62 | 1.29 | 3.1% | - |
| Esquire Financial Holdings, Inc. | ESQ | $938M | 18.46 | 3.24 | 17.5% | - |
| Ategrity Specialty Insurance Company Holdings | ASIC | $934M | 12.62 | 1.52 | 12.0% | - |
| Business First Bancshares, Inc. | BFST | $928M | 10.56 | 1.12 | 10.7% | - |
| Peer Median | - | 14.16 | 1.34 | 8.6% | - | |