Trupanion, Inc. (TRUP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TRUP Revenue Growth
Revenue Breakdown (FY 2025)
TRUP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TRUP Revenue Analysis (2014–2025)
As of May 6, 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.
Looking at the longer-term picture, TRUP's 5-year compound annual growth rate (CAGR) stands at +23.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.44 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows TRUP's business is primarily driven by Subscription business (69%), and Other Operating Segment (31%). With over half of revenue concentrated in Subscription business, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including LMND (+47.0% YoY), HIFS, and WOOF (-2.5% YoY), TRUP has underperformed the peer group in terms of 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 | $217M | - | - | 16.8% | |
 WOOF | $6.0B | -2.5% | +3.9% | 2.0% | |
 PETS | $227M | -24.8% | -4.4% | -0.7% | |
 PGR | $75.3B | +18.4% | +14.1% | 14.2% |
TRUP Historical Revenue Data (2014–2025)
| 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% |
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Start ComparisonTRUP — Frequently Asked Questions
Quick answers to the most common questions about buying TRUP stock.
Is TRUP's revenue growth accelerating or slowing?
TRUP maintains +12.3% revenue growth, in line with its 5-year CAGR of +23.4%. TTM revenue stands at $1.5B. Growth rate remains consistent with historical average.
What is TRUP's long-term revenue growth rate?
Trupanion, Inc.'s 5-year revenue CAGR of +23.4% reflects the sustained expansion pattern. Current YoY growth of +12.3% is near this long-term average.
How is TRUP's revenue distributed by segment?
TRUP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.