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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
Return on equity & assets (ROE / ROA)
-36% -5% 25% 0% 2012 2014 2016 2018 2020 2022 2024
ROEROA
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 MROEROAFCFTotal debtCash
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

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 42.2 84.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.1 2.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '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?

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.