Trupanion, Inc. (TRUP) quarterly income statement — complete revenue, gross profit & net income history
Trupanion, Inc. (TRUP) annual income statement — 14-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 392.93M | 384.05M | 376.85M | 366.92M | 353.56M | 341.98M | 337.31M | 327.46M | 314.8M | 306.12M | 295.86M | 285.85M | 270.57M | 256.33M | 246.01M | 233.76M | 219.41M | 206M | 194.38M | 181.67M |
| Revenue Growth % | 11.14% | 12.3% | 11.72% | 12.05% | 12.31% | 11.71% | 14.01% | 14.55% | 16.35% | 19.43% | 20.26% | 22.28% | 23.31% | 24.43% | 26.56% | 28.68% | 30.4% | 33.17% | 36.23% | 39.62% |
| Medical Costs & Claims | 327.8M | 281.44M | 262.82M | 306.87M | 298.73M | 290.87M | 284.38M | 278.08M | 274.53M | 269.89M | 255.79M | 250.62M | 241.19M | 229.98M | 212.36M | 203.7M | 190.83M | 176.1M | 163.84M | 153.5M |
| Medical Cost Ratio % | 83.42% | 73.28% | 69.74% | 83.63% | 84.49% | 85.06% | 84.31% | 84.92% | 87.21% | 88.17% | 86.46% | 87.67% | 89.14% | 89.72% | 86.32% | 87.14% | 86.97% | 85.49% | 84.29% | 84.5% |
| Gross Profit | 65.13M | 102.61M | 114.03M | 60.05M | 54.83M | 51.1M | 52.92M | 49.38M | 40.27M | 36.23M | 40.06M | 35.23M | 29.37M | 26.35M | 33.65M | 30.06M | 28.58M | 29.89M | 30.54M | 28.17M |
| Gross Margin % | 16.58% | 26.72% | 30.26% | 16.37% | 15.51% | 14.94% | 15.69% | 15.08% | 12.79% | 11.83% | 13.54% | 12.33% | 10.86% | 10.28% | 13.68% | 12.86% | 13.03% | 14.51% | 15.71% | 15.5% |
| Gross Profit Growth % | 18.8% | 100.8% | 115.47% | 21.62% | 36.15% | 41.06% | 32.1% | 40.15% | 37.1% | 37.5% | 19.06% | 17.21% | 2.76% | -11.87% | 10.2% | 6.72% | 16.45% | 41.68% | 29.42% | 36.8% |
| Operating Expenses | 58.76M | 96.66M | 107.74M | 54.2M | 52.51M | 52.58M | 52.58M | 47.63M | 45.74M | 42.36M | 39.66M | 38.72M | 42.46M | 50.83M | 42.87M | 41.96M | 41.35M | 39.01M | 36.3M | 35.36M |
| OpEx / Revenue % | 14.95% | 25.17% | 28.59% | 14.77% | 14.85% | 15.37% | 15.59% | 14.55% | 14.53% | 13.84% | 13.4% | 13.55% | 15.69% | 19.83% | 17.42% | 17.95% | 18.85% | 18.94% | 18.67% | 19.46% |
| Depreciation & Amortization | 3.67M | 3.71M | 4.03M | 4.05M | 3.96M | 3.79M | 3.92M | 4.38M | 4.38M | 3.79M | 3.03M | 2.99M | 3.25M | 3.2M | 2.9M | 2.6M | 2.71M | 2.72M | 2.77M | 2.94M |
| Combined Ratio % | 98.38% | 98.45% | 98.33% | 98.4% | 99.35% | 100.43% | 99.9% | 99.47% | 101.74% | 102% | 99.86% | 101.22% | 104.84% | 109.55% | 103.75% | 105.09% | 105.82% | 104.42% | 102.96% | 103.96% |
| Operating Income | 6.38M | 5.96M | 6.29M | 5.86M | 2.31M | -1.47M | 348K | 1.75M | -5.47M | -6.14M | 408K | -3.49M | -13.09M | -24.49M | -9.22M | -11.9M | -12.77M | -9.11M | -5.76M | -7.19M |
| Operating Margin % | 1.62% | 1.55% | 1.67% | 1.6% | 0.65% | -0.43% | 0.1% | 0.53% | -1.74% | -2% | 0.14% | -1.22% | -4.84% | -9.55% | -3.75% | -5.09% | -5.82% | -4.42% | -2.96% | -3.96% |
| Operating Income Growth % | 175.54% | 504.34% | 1708.33% | 235.57% | 142.3% | 76% | -14.71% | 150.01% | 58.2% | 74.94% | 104.43% | 70.66% | -2.5% | -168.66% | -59.93% | -65.45% | -34.26% | 28.4% | -81.86% | -218.65% |
| EBITDA | 10.05M | 9.66M | 10.32M | 9.91M | 6.28M | 2.32M | 4.27M | 6.13M | -1.09M | -2.35M | 3.44M | -501K | -9.84M | -21.28M | -6.32M | -9.3M | -10.06M | -6.4M | -2.99M | -4.25M |
| EBITDA Margin % | 2.56% | 2.52% | 2.74% | 2.7% | 1.78% | 0.68% | 1.27% | 1.87% | -0.35% | -0.77% | 1.16% | -0.18% | -3.64% | -8.3% | -2.57% | -3.98% | -4.59% | -3.11% | -1.54% | -2.34% |
| Interest Expense | 1.83M | 1.88M | 4.08M | 2.79M | 3.68M | 3.21M | 3.43M | 3.82M | 3.65M | 3.6M | 3.7M | 3.05M | 2.94M | 2.39M | 1.59M | 1.41M | 1.19M | 79K | 9K | 0 |
| Non-Operating Income | -2.83M | -1.88M | -4.08M | -3.53M | -11.91M | -3.24M | -4.77M | -3.54M | -3.22M | -2.84M | -1.26M | -2.46M | -2.08M | -1.9M | -1.5M | -889K | -365K | -314K | 236K | -61K |
| Pretax Income | 7.37M | 5.96M | 6.29M | 6.6M | 10.55M | -1.44M | 1.69M | 1.46M | -5.91M | -6.89M | -2.03M | -4.08M | -13.95M | -24.97M | -9.3M | -12.42M | -13.6M | -8.88M | -6.01M | -7.13M |
| Pretax Margin % | 1.88% | 1.55% | 1.67% | 1.8% | 2.98% | -0.42% | 0.5% | 0.45% | -1.88% | -2.25% | -0.69% | -1.43% | -5.16% | -9.74% | -3.78% | -5.31% | -6.2% | -4.31% | -3.09% | -3.93% |
| Income Tax | 542K | 1.08M | 663K | 726K | 1.13M | 39K | 38K | 39K | -44K | -38K | 130K | -43K | -238K | -191K | -15K | 496K | 19K | -24K | 1.03M | -312K |
| Effective Tax Rate % | 7.35% | 18.07% | 10.54% | 11% | 10.74% | -2.7% | 2.24% | 2.66% | 0.75% | 0.55% | -6.39% | 1.05% | 1.71% | 0.76% | 0.16% | -3.99% | -0.14% | 0.27% | -17.21% | 4.38% |
| Net Income | 6.83M | 4.88M | 5.63M | 5.87M | 9.41M | -1.48M | 1.66M | 1.43M | -5.86M | -6.85M | -2.16M | -4.04M | -13.71M | -24.78M | -9.29M | -12.91M | -13.62M | -8.86M | -7.04M | -6.82M |
| Net Margin % | 1.74% | 1.27% | 1.49% | 1.6% | 2.66% | -0.43% | 0.49% | 0.44% | -1.86% | -2.24% | -0.73% | -1.41% | -5.07% | -9.67% | -3.77% | -5.52% | -6.21% | -4.3% | -3.62% | -3.75% |
| Net Income Growth % | -27.43% | 429.06% | 239.98% | 312.14% | 260.58% | 78.36% | 176.56% | 135.31% | 57.26% | 72.35% | 76.7% | 68.75% | -0.7% | -179.84% | -31.85% | -89.38% | -47.68% | 28.86% | -101.09% | -166.58% |
| EPS (Diluted) | 0.16 | 0.11 | 0.13 | 0.13 | 0.22 | -0.03 | 0.04 | 0.03 | -0.14 | -0.16 | -0.05 | -0.10 | -0.33 | -0.60 | -0.23 | -0.32 | -0.33 | -0.22 | -0.17 | -0.17 |
| EPS Growth % | -27.27% | 417% | 232.48% | 290.39% | 257.14% | 78.31% | 175.48% | 134.26% | 57.58% | 73.33% | 77.48% | 69.63% | 0% | -172.73% | -35.29% | -88.24% | -43.48% | 29.03% | -83.78% | -135.46% |
| EPS (Basic) | 0.16 | 0.11 | 0.13 | 0.13 | 0.22 | -0.03 | 0.04 | 0.03 | -0.14 | -0.16 | -0.05 | -0.10 | -0.33 | -0.60 | -0.23 | -0.32 | -0.33 | -0.22 | -0.17 | -0.17 |
| Diluted Shares Outstanding | 43.82M | 43.68M | 43.57M | 43.56M | 43.33M | 42.78M | 42.16M | 42.82M | 42.08M | 41.92M | 41.72M | 41.54M | 41.38M | 41.11M | 40.94M | 40.8M | 40.74M | 40.58M | 40.41M | 40.28M |