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Stocks · Health care · Hospital & Medical Service Plans

TRUPANION, INC.

TRUP Clue Score53
United States Fiscal year ends December CIK 0001371285
$26.06 +0.93% Close, 9 Oct 2026
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Price $26.06 −70.21% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating income
Fiscal year 2016Revenue188.2Operating income−6.7Fiscal year 2017Revenue242.7 +28.9%Operating income−2.6Fiscal year 2018Revenue304.0 +25.3%Operating income−1.0Fiscal year 2019Revenue383.9 +26.3%Operating income−1.9Fiscal year 2020Revenue502.0 +30.8%Operating income−4.9EPS, diluted−0.16Fiscal year 2021Revenue699.0 +39.2%Operating income−35.2EPS, diluted−0.89Fiscal year 2022Revenue905.2 +29.5%Operating income−43.0EPS, diluted−1.10Fiscal year 2023Revenue1,108.6 +22.5%Operating income−40.7EPS, diluted−1.08Fiscal year 2024Revenue1,285.7 +16.0%Operating income−9.5EPS, diluted−0.23Fiscal year 2025Revenue1,439.3 +11.9%Operating income13.8EPS, diluted0.45
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 188.2 242.7 304.0 383.9 502.0 699.0 905.2 1,108.6 1,285.7 1,439.3
Growth +28.9% +25.3% +26.3% +30.8% +39.2% +29.5% +22.5% +16.0% +11.9%
Operating income −6.7 −2.6 −1.0 −1.9 −4.9 −35.2 −43.0 −40.7 −9.5 13.8
EPS, diluted n/a n/a n/a n/a −0.16 −0.89 −1.10 −1.08 −0.23 0.45
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating margin
Fiscal year 2016Gross margin17.7%Operating margin−3.6%Free cash flow margin1.6%Fiscal year 2017Gross margin17.7%Operating margin−1.1%Free cash flow margin2.7%Fiscal year 2018Gross margin16.9%Operating margin−0.3%Free cash flow margin−14.6%Fiscal year 2019Gross margin16.9%Operating margin−0.5%Free cash flow margin2.8%Fiscal year 2020Operating margin−1.0%Free cash flow margin2.8%Fiscal year 2021Operating margin−5.0%Free cash flow margin−0.7%Fiscal year 2022Operating margin−4.8%Free cash flow margin−2.8%Fiscal year 2023Operating margin−3.7%Free cash flow margin0.0%Fiscal year 2024Operating margin−0.7%Free cash flow margin3.0%Fiscal year 2025Operating margin1.0%Free cash flow margin5.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 17.7% 17.7% 16.9% 16.9% n/a n/a n/a n/a n/a n/a
Operating margin −3.6% −1.1% −0.3% −0.5% −1.0% −5.0% −4.8% −3.7% −0.7% 1.0%
Free cash flow margin 1.6% 2.7% −14.6% 2.8% 2.8% −0.7% −2.8% 0.0% 3.0% 5.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow5.0Capital expenditure−1.9Free cash flow3.1Fiscal year 2017Operating cash flow9.7Capital expenditure−3.1Free cash flow6.5 +113.2%Fiscal year 2018Operating cash flow12.7Capital expenditure−56.9Free cash flow−44.3 −777.2%Fiscal year 2019Operating cash flow16.2Capital expenditure−5.4Free cash flow10.8Fiscal year 2020Operating cash flow21.5Capital expenditure−7.5Free cash flow14.1 +30.7%Fiscal year 2021Operating cash flow7.5Capital expenditure−12.4Free cash flow−4.9 −134.7%Buybacks0.0Fiscal year 2022Operating cash flow−8.0Capital expenditure−17.1Free cash flow−25.1Buybacks−5.8Fiscal year 2023Operating cash flow18.6Capital expenditure−18.3Free cash flow0.4Buybacks0.0Fiscal year 2024Operating cash flow48.3Capital expenditure−9.7Free cash flow38.6 +10,674.0%Buybacks0.0Fiscal year 2025Operating cash flow89.5Capital expenditure−14.1Free cash flow75.4 +95.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 5.0 9.7 12.7 16.2 21.5 7.5 −8.0 18.6 48.3 89.5
Capital expenditure −1.9 −3.1 −56.9 −5.4 −7.5 −12.4 −17.1 −18.3 −9.7 −14.1
Free cash flow 3.1 6.5 −44.3 10.8 14.1 −4.9 −25.1 0.4 38.6 75.4
Growth +113.2% −777.2% +30.7% −134.7% +10,674.0% +95.4%
Buybacks n/a n/a n/a n/a n/a 0.0 −5.8 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash23.6Total debt4.8Net cash (debt)18.9Shareholders’ equity44.7Debt to equity0.11Fiscal year 2017Cash25.7Total debt9.3Net cash (debt)16.4Shareholders’ equity48.4Debt to equity0.19Fiscal year 2018Cash26.6Total debt12.9Net cash (debt)13.7Shareholders’ equity129.2Debt to equity0.10Fiscal year 2019Cash29.2Total debt26.1Net cash (debt)3.1Shareholders’ equity136.8Debt to equity0.19Fiscal year 2020Cash139.9Total debt0.0Net cash (debt)139.9Shareholders’ equity339.9Debt to equity0.00Fiscal year 2021Cash87.4Total debt0.0Net cash (debt)87.4Shareholders’ equity332.2Debt to equity0.00Fiscal year 2022Cash65.6Total debt69.5Net cash (debt)−3.9Shareholders’ equity305.3Debt to equity0.23Fiscal year 2023Cash147.5Total debt128.9Net cash (debt)18.6Shareholders’ equity303.7Debt to equity0.42Fiscal year 2024Cash160.3Total debt128.9Net cash (debt)31.4Shareholders’ equity323.3Debt to equity0.40Fiscal year 2025Cash138.0Total debt111.8Net cash (debt)26.2Shareholders’ equity383.9Debt to equity0.29
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 23.6 25.7 26.6 29.2 139.9 87.4 65.6 147.5 160.3 138.0
Total debt 4.8 9.3 12.9 26.1 0.0 0.0 69.5 128.9 128.9 111.8
Net cash (debt) 18.9 16.4 13.7 3.1 139.9 87.4 −3.9 18.6 31.4 26.2
Shareholders’ equity 44.7 48.4 129.2 136.8 339.9 332.2 305.3 303.7 323.3 383.9
Debt to equity 0.11 0.19 0.10 0.19 0.00 0.00 0.23 0.42 0.40 0.29

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.7% 17.7% 16.9% 16.9% n/a n/a n/a n/a n/a n/a
−3.6% −1.1% −0.3% −0.5% −1.0% −5.0% −4.8% −3.7% −0.7% 1.0%
−3.6% −0.8% −0.3% −0.4% −1.1% −5.0% −4.9% −4.1% −0.7% 1.5%
1.6% 2.7% −14.6% 2.8% 2.8% −0.7% −2.8% 0.0% 3.0% 5.2%
Spending
8.1% 6.9% 5.6% 4.8% 4.4% 4.6% 4.4% 5.4% 5.0% 5.3%
1.0% 1.3% 18.7% 1.4% 1.5% 1.8% 1.9% 1.6% 0.8% 1.0%
n/a n/a n/a n/a n/a n/a n/a n/a n/a 11.6%
Balance and payout
0.11 0.19 0.10 0.19 0.00 0.00 0.23 0.42 0.40 0.29
45.7% 54.2% 37.8% 46.8% 31.8% 41.0% 54.5% 61.2% 59.9% 58.0%
n/a n/a n/a n/a n/a n/a n/a 0.0% 0.0% n/a