NASDAQ : TRUP

Trupanion, Inc. — Financial statements

Financials · Insurance - Property & Casualty · United States

Last price 30.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.32B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Premiums & Annuity Revenue1.52B1.44B1.29B1.11B905.18M698.99M
Total Revenue1.52B1.44B1.29B1.11B905.18M698.99M
Policy Benefits1.09B1.03B949.15M831.05M649.74M486.06M
Policy Acquisition & Underwriting Costs90.47M85.41M71.38M77.37M89.50M78.65M
Depreciation & Amortization15.46M15.84M16.47M12.47M10.92M11.96M
Selling, General & Administrative93.08M88.89M74.36M56.87M46.57M36.76M
Other Operating Expenses179.82M177.03M155.68M144.92M126.77M101.44M
Total Operating Expenses1.50B1.42B1.29B1.14B947.55M733.93M
Operating Income25.28M15.27M-4.03M-36.27M-42.38M-34.94M
Interest Expense-10.57M-13.76M-14.50M-12.08M-4.27M-10.00K
Earnings From Equity Investments-305.00K-182.00K-219.00K-253.00K-171.00K
Other Non Operating Income (Expenses)12.65M14.13M14.37M7.70M3.07M-14.00K
EBT Excluding Unusual Items27.35M15.34M-4.34M-40.86M-43.82M-35.14M
Impairment of Goodwill-1.13M-1.13M-5.30M
Gain (Loss) on Sale of Investments7.78M
Other Unusual Items-4.17M-372.00K-82.00K
Pretax Income26.22M21.99M-9.64M-45.03M-44.20M-35.22M
Income Tax Expense3.01M2.56M-5.00K-342.00K476.00K310.00K
Net Income23.21M19.43M-9.63M-44.69M-44.67M-35.53M
Net Income to Common23.21M19.43M-9.63M-44.69M-44.67M-35.53M
Shares Outstanding (Basic)43.40M42.96M42.16M41.44M40.77M40.14M
Shares Outstanding (Diluted)43.66M43.56M42.16M41.44M40.77M40.14M
EPS (Basic)0.530.45-0.23-1.08-1.10-0.89
EPS (Diluted)0.530.45-0.23-1.08-1.10-0.89
Free Cash Flow82.18M75.36M38.57M358.00K-25.09M-4.90M
Free Cash Flow Per Share1.881.730.920.01-0.61-0.12
Operating Margin1.66%1.06%-0.31%-3.27%-4.68%-5.00%
Profit Margin1.53%1.35%-0.75%-4.03%-4.93%-5.08%
Free Cash Flow Margin5.40%5.24%3.00%0.03%-2.77%-0.70%
EBITDA40.74M31.11M12.43M-23.79M-31.45M-22.98M
EBITDA Margin2.68%2.16%0.97%-2.15%-3.48%-3.29%
D&A For EBITDA15.46M15.84M16.47M12.47M10.92M11.96M
EBIT25.28M15.27M-4.03M-36.27M-42.38M-34.94M
EBIT Margin1.66%1.06%-0.31%-3.27%-4.68%-5.00%
Effective Tax Rate11.47%11.64%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Investments in Debt Securities989.00K983.00K373.00K997.00K158.00K1.01M
Investments in Equity & Preferred Securities1.50M5.30M
Other Investments249.13M232.71M147.09M141.54M164.49M132.06M
Total Investments250.12M233.69M148.96M147.83M164.65M133.07M
Cash & Equivalents149.36M138.02M160.29M147.50M65.61M87.40M
Other Receivables304.59M304.44M279.93M278.70M248.04M177.32M
Deferred Policy Acquisition Cost8.50M7.50M7.40M4.30M
Property, Plant & Equipment101.42M119.53M102.55M103.65M90.70M77.95M
Goodwill38.62M39.38M36.97M43.71M41.98M32.71M
Other Intangible Assets23.34M24.10M13.18M18.75M24.03M22.66M
Other Current Assets16.36M9.89M8.41M9.62M14.25M8.03M
Other Long-Term Assets46.99M37.48M49.05M25.79M22.38M19.14M
Total Assets930.81M915.04M806.85M782.95M671.63M562.58M
Accounts Payable11.96M16.45M11.53M10.51M9.47M8.95M
Accrued Expenses44.64M55.74M33.47M34.05M32.62M28.16M
Unpaid Claims51.72M55.92M51.63M63.24M43.73M39.67M
Unearned Premiums287.16M270.94M251.64M235.33M202.69M146.91M
Current Portion of Long-Term Debt10.00M10.00M1.35M1.35M1.10M
Current Portion of Leases767.00K
Long-Term Debt96.91M101.78M127.54M127.58M68.35M
Long-Term Leases13.40M362.00K
Long-Term Deferred Tax Liabilities639.00K1.51M1.95M2.69M3.39M2.83M
Other Long-Term Liabilities18.11M4.61M4.11M4.49M4.97M3.86M
Total Liabilities521.14M531.11M483.58M479.23M366.33M230.38M
Additional Paid-In Capital623.57M604.83M568.30M536.11M499.69M466.79M
Retained Earnings-194.74M-206.46M-225.89M-216.25M-171.56M-126.89M
Treasury Stock-16.53M-16.53M-16.53M-16.53M-16.53M-10.78M
Comprehensive Income & Other-2.62M2.10M-2.61M403.00K-6.30M3.08M
Shareholders' Equity409.67M383.94M323.27M303.72M305.30M332.20M
Total Liabilities & Equity930.81M915.04M806.85M782.95M671.63M562.58M
Filing Date Shares Outstanding43.87M43.43M42.49M41.81M41.02M40.51M
Total Common Shares Outstanding43.87M43.40M42.49M41.86M41.01M40.48M
Total Debt106.91M125.95M129.25M128.93M69.46M
Net Cash (Debt)42.45M12.08M31.05M18.57M-3.85M87.40M
Net Cash Per Share0.970.280.740.45-0.092.18
Book Value Per Share9.348.857.617.267.448.21
Tangible Book Value347.70M320.45M273.12M241.26M239.28M276.83M
Tangible Book Value Per Share7.937.386.435.765.836.84
Land15.91M15.91M15.91M15.91M15.91M
Buildings49.40M49.36M48.97M48.96M48.55M
Machinery5.04M6.12M6.13M6.81M6.26M
Construction In Progress9.76M16.07M34.63M21.41M540.00K

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income23.21M19.43M-9.63M-44.69M-44.67M-35.53M
Depreciation & Amortization15.46M15.84M16.47M12.47M10.92M11.96M
Gain (Loss) on Sale of Investments-7.78M
Stock-Based Compensation37.99M38.31M33.43M33.16M33.39M28.23M
Change in Accounts Receivable-9.82M-27.21M-6.72M-35.44M-66.98M-66.17M
Change in Accounts Payable8.24M26.03M2.08M1.64M3.14M8.80M
Change in Unearned Revenue15.69M18.68M17.20M32.57M56.15M54.38M
Change in Insurance Reserves / Liabilities-612.00K4.13M-11.31M19.48M4.23M10.77M
Change in Other Net Operating Assets2.02M-1.17M3.21M-1.91M-5.23M-3.06M
Other Operating Activities768.00K2.10M-1.75M1.35M1.05M-1.93M
Operating Cash Flow94.08M89.49M48.29M18.64M-8.00M7.46M
Capital Expenditures-11.90M-14.13M-9.72M-18.28M-17.09M-12.36M
Cash Acquisitions-15.03M
Investment in Securities-55.43M-83.42M-5.84M24.33M-33.80M-37.80M
Other Investing Activities447.00K1.66M2.10M1.58M-1.60M-1.75M
Investing Cash Flow-66.88M-95.89M-13.46M7.64M-67.52M-51.91M
Long-Term Debt Issued114.21M60.10M69.14M
Total Debt Repaid-123.91M-134.44M-1.35M-1.72M-571.00K
Net Debt Issued (Repaid)-9.71M-20.23M-1.35M58.38M68.57M
Issuance of Common Stock1.03M1.69M752.00K2.65M2.29M3.61M
Repurchases of Common Stock-3.00M-3.71M-2.52M-1.54M-10.11M-4.73M
Other Financing Activities-154.00K-614.00K-840.00K-378.00K
Financing Cash Flow-11.82M-22.86M-3.96M59.13M60.74M-1.12M
Foreign Exchange Rate Adjustments-1.55M1.19M-1.88M424.00K-1.46M252.00K
Miscellaneous Cash Flow Adjustments70.00K
Net Cash Flow13.83M-28.07M29.07M85.83M-16.23M-45.33M
Free Cash Flow82.18M75.36M38.57M358.00K-25.09M-4.90M
Free Cash Flow Margin5.40%5.24%3.00%0.03%-2.77%-0.70%
Free Cash Flow Per Share1.881.730.920.01-0.61-0.12
Levered Free Cash Flow11.55M-23.27M11.41M48.06M-41.35M-25.72M
Unlevered Free Cash Flow18.15M-14.68M20.47M55.60M-38.68M-25.71M
Cash Interest Paid13.09M13.09M13.19M12.10M3.35M16.00K
Cash Income Tax Paid1.04M1.04M500.00K600.00K2.50M282.00K
Change in Working Capital15.51M20.46M4.47M16.35M-8.69M4.72M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization1.32B1.61B2.04B1.27B1.94B5.33B
Enterprise Value1.28B1.57B2.03B1.25B1.91B5.22B
PE Ratio56.3383.07
PS Ratio0.871.121.591.142.157.62
PB Ratio3.234.216.314.176.3716.04
P/FCF Ratio16.0921.4252.913,540.62
P/OCF Ratio14.0518.0442.2768.01714.64
EV/Sales Ratio0.841.091.581.122.117.47
EV/EBITDA Ratio31.4150.60163.47
EV/EBIT Ratio50.62103.08
EV/FCF Ratio15.5720.8952.693,480.83
Debt / Equity Ratio0.260.330.400.420.23
Debt / EBITDA Ratio2.603.9910.32
Debt / FCF Ratio1.301.673.35360.14
Net Debt / Equity Ratio-0.10-0.03-0.10-0.060.01-0.26
Net Debt / EBITDA Ratio-1.04-0.39-2.500.78-0.123.80
Net Debt / FCF Ratio-0.52-0.16-0.81-51.87-0.1517.85
Quick Ratio1.731.641.661.581.571.69
Current Ratio1.771.671.691.611.621.73
Asset Turnover1.711.671.621.521.471.32
Return on Equity (ROE)6.07%5.50%-3.07%-14.68%-14.02%-10.57%
Return on Assets (ROA)1.78%1.11%-0.32%-3.12%-4.29%-4.12%
Return on Invested Capital (ROIC)4.38%2.80%-0.91%-8.98%-11.99%-10.38%
Earnings Yield1.78%1.20%-0.47%-3.53%-2.30%-0.67%
FCF Yield6.22%4.67%1.89%0.03%-1.29%-0.09%
Buyback Yield / Dilution-1.70%-3.31%-1.74%-1.65%-1.56%-11.93%