14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.4% per year over the past 5 years.
Operating margin has expanded, at 1.0% in the latest year.
Free cash flow has grown 39.8% per year over the past 5 years.
Financial health
The company holds more cash ($138M) than total debt ($102M).
Operating income covered interest expense 1.0× in the latest year, up from -3.6× 5 years ago.
Total debt is 3.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.4B
$19M
16.1%
1.0%
5.1%
2.1%
$75M
$102M
$138M
2024
$1.3B
-$10M
13.9%
-0.7%
-3.0%
-1.2%
$39M
$128M
$160M
2023
$1.1B
-$45M
11.8%
-3.7%
-14.7%
-5.7%
$358000
$128M
$148M
2022
$905M
-$45M
13.5%
-4.8%
-14.6%
-6.7%
-$25M
$68M
$66M
2021
$699M
-$36M
14.9%
-5.0%
-10.7%
-6.3%
-$5M
$0
$87M
2020
$502M
—
16.3%
-1.0%
0.0%
0.0%
$14M
$0
$140M
2019
$384M
—
16.9%
-0.5%
0.0%
0.0%
$11M
$26M
$29M
2018
$304M
—
16.9%
-0.3%
0.0%
0.0%
-$44M
$13M
$27M
2017
$243M
—
17.7%
-1.1%
0.0%
0.0%
$7M
$9M
$26M
2016
$188M
—
17.7%
-3.6%
0.0%
0.0%
$3M
$5M
$24M
2015
$147M
—
17.2%
-11.4%
0.0%
0.0%
-$15M
$0
$18M
2014
$116M
-$21M
17.1%
-13.8%
-35.7%
-21.5%
-$16M
$15M
$53M
2013
$84M
-$8M
18.7%
-8.3%
24.8%
-15.8%
-$2M
$26M
$15M
2012
$56M
-$6M
20.2%
-10.0%
23.7%
—
-$4M
—
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$393M
—
16.6%
1.6%
0.0%
0.0%
$19M
$107M
$149M
Mar '26
$384M
—
16.0%
1.2%
0.0%
0.0%
$14M
$109M
$153M
Dec '25
$377M
—
17.3%
1.9%
0.0%
0.0%
$25M
$102M
$138M
Sep '25
$367M
—
16.4%
1.6%
0.0%
0.0%
$24M
$115M
$155M
Jun '25
$354M
—
15.5%
0.7%
0.0%
0.0%
$12M
$114M
$123M
Mar '25
$342M
—
14.9%
-0.4%
0.0%
0.0%
$14M
$129M
$166M
Dec '24
$337M
—
15.7%
0.1%
0.0%
0.0%
$22M
$128M
$160M
Sep '24
$327M
—
15.1%
0.5%
0.0%
0.0%
$13M
$129M
$137M
Jun '24
$315M
—
12.8%
-1.7%
0.0%
0.0%
$4M
$129M
$124M
Mar '24
$306M
—
11.8%
-2.0%
0.0%
0.0%
-$631000
$129M
$146M
Dec '23
$296M
—
13.5%
0.1%
0.0%
0.0%
$14M
$128M
$148M
Sep '23
$286M
—
12.3%
-1.2%
0.0%
0.0%
$7M
$129M
$150M
Jun '23
$271M
—
10.9%
-4.8%
0.0%
0.0%
-$8M
$104M
$118M
Mar '23
$256M
—
10.3%
-9.6%
0.0%
0.0%
-$12M
$104M
$127M
Dec '22
$246M
—
13.7%
-3.7%
0.0%
0.0%
-$4M
$68M
$66M
Sep '22
$234M
—
12.9%
-5.1%
0.0%
0.0%
-$6M
$60M
$86M
Jun '22
$219M
—
13.0%
-5.8%
0.0%
0.0%
-$7M
$60M
$102M
Mar '22
$206M
—
14.5%
-4.4%
0.0%
0.0%
-$7M
$54M
$122M
Dec '21
$194M
—
15.7%
-3.0%
0.0%
0.0%
$1M
$0
$87M
Sep '21
$182M
—
15.5%
-4.0%
0.0%
0.0%
$3M
—
$110M
Valuation over time
How the market has priced TRUP against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 84.4× (Dec '25) to 69.5× (Nov '26).
The price-to-sales ratio has fallen from 2.1× (Mar '23) to 0.9× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is TRUP growing its revenue and profit?
Over the past 5 years, Trupanion, Inc.'s revenue has grown 23.4% per year. These are computed facts, not advice.
How much debt does TRUP have?
As of FY2025, Trupanion, Inc. reported $102M of total debt against $138M of cash; operating income covered interest expense 1.0×.
What is TRUP's profit margin?
In FY2025, gross margin was 16.1%, operating margin 1.0%, and net margin 1.4%.
What is TRUP's P/E ratio?
Trupanion, Inc.'s P/E (TTM) is 69.49 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TRUP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 69.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.