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
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
FCF
Total debt
Cash
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
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
FCF
Total debt
Cash
Mar '26
$384M
—
16.0%
1.2%
$14M
$109M
$153M
Dec '25
$377M
—
17.3%
1.9%
$25M
$102M
$138M
Sep '25
$367M
—
16.4%
1.6%
$24M
$115M
$155M
Jun '25
$354M
—
15.5%
0.7%
$12M
$114M
$123M
Mar '25
$342M
—
14.9%
-0.4%
$14M
$129M
$166M
Dec '24
$337M
—
15.7%
0.1%
$22M
$128M
$160M
Sep '24
$327M
—
15.1%
0.5%
$13M
$129M
$137M
Jun '24
$315M
—
12.8%
-1.7%
$4M
$129M
$124M
Mar '24
$306M
—
11.8%
-2.0%
-$631000
$129M
$146M
Dec '23
$296M
—
13.5%
0.1%
$14M
$128M
$148M
Sep '23
$286M
—
12.3%
-1.2%
$7M
$129M
$150M
Jun '23
$271M
—
10.9%
-4.8%
-$8M
$104M
$118M
Mar '23
$256M
—
10.3%
-9.6%
-$12M
$104M
$127M
Dec '22
$246M
—
13.7%
-3.7%
-$4M
$68M
$66M
Sep '22
$234M
—
12.9%
-5.1%
-$6M
$60M
$86M
Jun '22
$219M
—
13.0%
-5.8%
-$7M
$60M
$102M
Mar '22
$206M
—
14.5%
-4.4%
-$7M
$54M
$122M
Dec '21
$194M
—
15.7%
-3.0%
$1M
$0
$87M
Sep '21
$182M
—
15.5%
-4.0%
$3M
—
$110M
Jun '21
$168M
—
14.6%
-5.7%
-$5M
—
$117M
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 83.9× (Dec '25) to 53.8× (Jun '26).
The price-to-sales ratio has fallen from 2.1× (Mar '23) to 0.7× (Jun '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?
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.