Trupanion, Inc. (TRUP) Revenue History
Annual and quarterly revenue from 2012 to present
TRUP Revenue Over Time (2012–2025)
TRUP Revenue Growth History
13 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +51.0%
- FY2014 revenue growth
- +38.3%
- FY2015 revenue growth
- +26.8%
- FY2016 revenue growth
- +28.1%
- FY2017 revenue growth
- +28.9%
- FY2018 revenue growth
- +25.3%
- FY2019 revenue growth
- +26.3%
- FY2020 revenue growth
- +30.8%
- FY2021 revenue growth
- +39.2%
- FY2022 revenue growth
- +29.5%
- FY2023 revenue growth
- +22.5%
- FY2024 revenue growth
- +16.0%
- FY2025 revenue growth
- +11.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $384.0M | +12.3% |
| Q4 2025 | $376.9M | +11.7% |
| Q3 2025 | $366.9M | +12.1% |
| Q2 2025 | $353.6M | +12.3% |
| Q1 2025 | $342.0M | +11.7% |
| Q4 2024 | $337.3M | +14.0% |
| Q3 2024 | $327.5M | +14.6% |
| Q2 2024 | $314.8M | +16.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
TRUP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TRUP Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 21, 2026, Trupanion, Inc. (TRUP) generated trailing twelve-month (TTM) revenue of $1.48 billion, reflecting strong growth of +12.3% year-over-year. The most recent quarter (Q1 2026) recorded $384.0 million in revenue, up 1.9% sequentially.
Historical Growth Trajectory
TRUP's 5-year compound annual growth rate (CAGR) stands at +23.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +16.7% is below the 5-year average, signalling a growth deceleration in recent years. Trupanion, Inc.'s highest annual revenue of $1.44 billion was recorded in 2025, an all-time high.
Revenue by Segment
TRUP's revenue is primarily driven by Subscription business (69%), and Other Operating Segment (31%). With over half of revenue concentrated in Subscription business, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including LMND (+47.0% YoY), HIFS, and WOOF (-1.2% YoY) — TRUP has outperformed the peer group in revenue growth. Compare TRUP vs LMND →
TRUP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRUPCurrent | $1.5B | +12.3% | +23.4% | 1.5% | |
 LMND | $738M | +47.0% | +50.9% | -21.8% | |
 HIFS | $237M | - | - | 30.7% | |
 WOOF | $6.0B | -1.2% | +3.9% | 2.0% | |
 PETS | $179M | -21.1% | -10.0% | -17.5% | |
 PGR | $75.3B | +18.4% | +14.1% | 14.2% |
TRUP Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.44B | +11.9% | $410.3M | 28.5% | $22.0M | 1.5% |
| 2024 | $1.29B | +16.0% | $178.8M | 13.9% | $-9,514,000 | -0.7% |
| 2023 | $1.11B | +22.5% | $131.0M | 11.8% | $-40,659,000 | -3.7% |
| 2022 | $905.2M | +29.5% | $122.2M | 13.5% | $-43,001,000 | -4.8% |
| 2021 | $699.0M | +39.2% | $104.3M | 14.9% | $-35,196,000 | -5.0% |
| 2020 | $502.0M | +30.8% | $81.9M | 16.3% | $-4,927,000 | -1.0% |
| 2019 | $383.9M | +26.3% | $64.9M | 16.9% | $-1,920,000 | -0.5% |
| 2018 | $304.0M | +25.3% | $51.4M | 16.9% | $-1,045,000 | -0.3% |
| 2017 | $242.7M | +28.9% | $43.0M | 17.7% | $-2,642,000 | -1.1% |
| 2016 | $188.2M | +28.1% | $33.3M | 17.7% | $-6,698,000 | -3.6% |
| 2015 | $147.0M | +26.8% | $25.2M | 17.2% | $-16,775,000 | -11.4% |
| 2014 | $115.9M | +38.3% | $19.9M | 17.1% | $-15,945,000 | -13.8% |
| 2013 | $83.8M | +51.0% | $15.6M | 18.7% | $-6,987,000 | -8.3% |
| 2012 | $55.5M | - | $11.2M | 20.2% | $-5,539,000 | -10.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TRUP — Frequently Asked Questions
Quick answers to the most common questions about buying TRUP stock.
Is TRUP's revenue growth accelerating or slowing?
TRUP revenue growth is holding steady at +12.3% year-over-year. TTM revenue is $1.5B. The current growth rate closely tracks the 5-year CAGR of +23.4%, signalling consistent execution.
What is TRUP's revenue history from 2012 to 2026?
Trupanion, Inc. (TRUP) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $1.5B, growing at +12.3% YoY. The 5-year CAGR is +23.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TRUP's long-term revenue growth rate (CAGR)?
Trupanion, Inc.'s 5-year revenue CAGR of +23.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +12.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TRUP.
Why does TRUP's quarterly revenue fluctuate?
TRUP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Trupanion, Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is TRUP's revenue distributed by segment?
TRUP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TRUP's revenue compare to industry peers?
Trupanion, Inc. (TRUP) with TTM revenue of $1.5B and +12.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.