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TRUP Financials Trupanion, Inc.

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
-$45M $697M $1B $0 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-18% 1% 20% 0% 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$44M $16M $75M $0 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $80M $160M 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$96M $37M $171M $0 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.4B $19M 16.1% 1.0% $75M $102M $138M
2024 $1.3B -$10M 13.9% -0.7% $39M $128M $160M
2023 $1.1B -$45M 11.8% -3.7% $358000 $128M $148M
2022 $905M -$45M 13.5% -4.8% -$25M $68M $66M
2021 $699M -$36M 14.9% -5.0% -$5M $0 $87M
2020 $502M 16.3% -1.0% $14M $0 $140M
2019 $384M 16.9% -0.5% $11M $26M $29M
2018 $304M 16.9% -0.3% -$44M $13M $27M
2017 $243M 17.7% -1.1% $7M $9M $26M
2016 $188M 17.7% -3.6% $3M $5M $24M
2015 $147M 17.2% -11.4% -$15M $0 $18M
2014 $116M -$21M 17.1% -13.8% -$16M $15M $53M
2013 $84M -$8M 18.7% -8.3% -$2M $26M $15M
2012 $56M -$6M 20.2% -10.0% -$4M $4M

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.

Price / earnings (P/E)
0.0 41.9 83.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.1 2.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Trupanion, Inc. traded at a price-to-earnings ratio of about 53.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.