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TRUPTrupanion, Inc.
$23.63$998M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
TRUP logo

Trupanion, Inc.

TRUP
NASDAQ · Specialty Insurance
$23.63
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$1.03B
P/E52.5x
52W High$46.98
Volume510.49K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Underwriting Discipline Drives Margin Recovery Amid Decelerating Growth

Trupanion has transitioned from underwriting losses to sustained profitability, with the combined ratio improving from 102.0% in 2024Q1 to 98.4% in 2026Q2, driven by disciplined pricing and favorable reserve development. Revenue growth has decelerated to 11.1%...

GrowthDecelerating
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

TRUP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+246% Peers

P/E is 246% above peer median

03

Market leadership

RS 40 · Lag

Laggard (Underperforming 60% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TRUP-36.48%
S&P 500 (^GSPC)+13.20%
1-Year Return
TRUP-47.05%
S&P 500 (^GSPC)+15.98%
3-Year Return
TRUP-13.06%
S&P 500 (^GSPC)+68.82%
5-Year Return
TRUP-72.35%
S&P 500 (^GSPC)+63.08%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
50.8x
Forward P/EExpansion
36.5x
EV/EBITDA0th %ile
25.7x
FCF YieldCash Flow
7.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
50.8x
83.0x
0th· Low
EV/EBITDA
25.7x
287.8x
0th· Low
Price/FCF
13.2x
52.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$3.15-86.7%
Base (Fair)$7.22-71.2%
Bull$12.96-45.2%
$3.15 Bear$7.22 Base$12.96 Bull
Current Market Price: $23.63
Trades at a 227.3% premium to Base DCF ($7.22)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.44B+11.9% YoY
Net income
$19M+301.7% YoY
Free cash flow
$75M+95.4% YoY
Operating margin
1.5%+2.3 pts YoY
ROIC (TTM)5.1%
Avg ROIC 5Y-
ROE (TTM)5.5%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.16+41.2%
vs $0.11
$393M+0.8%
vs $390M
Q2 2026
Apr 30, 2026
$0.11+57.1%
vs $0.07
$384M+1.1%
vs $380M
Q1 2026
Feb 12, 2026
$0.13-7.1%
vs $0.14
$377M+0.4%
vs $376M
Q4 2025
Nov 6, 2025
$0.13-85.4%
vs $0.89
$367M+1.5%
vs $362M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 10, 2026
Trupanion Searches for this Year's “It Pets” With Return of Annual truFame Contest

SEATTLE, Sept. 10, 2026 (GLOBE NEWSWIRE) -- The search is on for Trupanion's next four-legged stars.

Seeking Alpha·Aug 14, 2026
Trupanion: Profitable At Last, But Still Too Expensive To Buy (Upgrade)

Trupanion's estimated economic combined ratio improved to 98.5% in H1 2026, extending the underwriting profitability first achieved in 2025. Operating leverage and lower acquisition costs drove much of the improvement, while the H1 loss ratio also declined to 71.0% from 72.1%. Management's 2026 guidance could imply $32–$40 million of net income, providing stronger evidence that scale is finally translating into profitability.

Defense World·Aug 14, 2026
California State Teachers Retirement System Buys 16,930 Shares of Trupanion, Inc. $TRUP

California State Teachers Retirement System grew its stake in Trupanion, Inc. (NASDAQ: TRUP) by 54.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,288 shares of the financial services provider's stock after purchasing an additional 16,930 shares during

GlobeNewsWire·Aug 13, 2026
Trupanion Partners with Home To Home® to Help More Pets Transition Directly from One Loving Home to Another

SEATTLE, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Every pet deserves the opportunity to live a happy, healthy life in a loving home. But when life takes an unexpected turn, some families are faced with the heartbreaking decision to find a new home for a beloved companion.

Filtered for Trupanion, Inc.More Headlines
04

Compare before deciding

Benchmark TRUP against direct peers instead of judging its metrics in isolation.

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
$23.63$1.03B52.5111.95%1.35%5.5%—
LMND logoLMNDLemonade, Inc.
$47.69$3.66B-20.7340.15%-14.87%-26.78%—
HIFS logoHIFSHingham Institution for Savings
$304.20$663.23M12.2958.43%22.1%10.76%—
WOOF logoWOOFPetco Health and Wellness Company, Inc.
$2.39$682.5M75.39-2.53%0.1%0.49%—
PETS logoPETSPetMed Express, Inc.
$1.57$33.55M-0.57-21.13%-17.34%-91.67%—
PGR logoPGRThe Progressive Corporation
$206.94$121.45B10.7616.32%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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TRUP SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

Apr 30, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 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 $23.2M 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 →