Trupanion delivered a strong performance in Q4 2025, with total revenue increasing by 12% and subscription business revenue growing by 15% compared to Q4 2024. The company achieved its 15% annual margin target and reported significant increases in net income and adjusted EBITDA, driven by higher retention and accelerating gross pet adds.
Trupanion, Inc. announced strong financial results for the third quarter ended September 30, 2025, with total revenue increasing by 12% and net income significantly rising compared to the same period last year. The company achieved record quarterly profitability and continued to accelerate subscription pet growth for the third consecutive quarter, supported by a new credit facility.
Trupanion, Inc. announced a strong second quarter for 2025, with total revenue increasing by 12% to $353.6 million and net income reaching $9.4 million, a significant improvement from a net loss in the prior year. The company also saw robust growth in subscription business revenue and adjusted EBITDA.
Trupanion started the year strong, with performance ahead of plan across key metrics, showing early momentum in retention and pet acquisition, and expanded margins in its subscription business, positioning the company for continued investment in growth.
Trupanion reported solid growth in Q4 2024, with a strong increase in subscription revenue and significant improvements in operating cash flow. However, higher acquisition costs impacted profitability.
Trupanion's Q3 2024 shows strong financial performance, with a 15% increase in total revenue to $327.5 million and a 66% year-over-year increase in subscription discretionary profit. Net income was $1.4 million, a significant improvement from the previous year's net loss. Free cash flow was $13.4 million for the quarter.
Trupanion reported a strong second quarter with a 16% increase in total revenue to $314.8 million. The company generated $4.0 million in free cash flow and saw a significant increase in discretionary profit from its core subscription business.
Trupanion's total revenue was $306.1 million, a 19% increase compared to Q1 2023. Subscription revenue increased by 22% year-over-year. The company is prioritizing cash flow generation, with discretionary profit from the core subscription business increasing 55% and acquisition spend decreasing 23% year-over-year.
Trupanion reported Q4 2023 results with total revenue of $295.9 million, a 20% increase compared to Q4 2022. The company reported a net loss of $(2.2) million, or $(0.05) per basic and diluted share. Free cash flow was $13.5 million for the quarter.
Trupanion reported a total revenue of $285.9 million, an increase of 22% compared to the third quarter of 2022. The company achieved $11 million in operating cash flow and $7 million in free cash flow.
Trupanion reported a 23% increase in total revenue, reaching $270.6 million, and saw early signs of margin expansion. The company is progressing toward its goal of being free cash flow positive in Q4 2023, with sequential improvement in free cash flow during the quarter.
Trupanion's Q1 2023 saw a 24% increase in total revenue to $256.3 million, driven by strong demand despite veterinary inflation increasing 15% year-over-year. The company reported a net loss of $(24.8) million, or $(0.60) per share, which included $8.6 million of non-recurring expenses, and an adjusted EBITDA of $(4.9) million. Total enrolled pets reached 1,616,865, a 28% increase year-over-year.
Trupanion reported a 27% increase in total revenue for the fourth quarter of 2022, reaching $246.0 million. The company's net loss was $(9.3) million, or $(0.23) per basic and diluted share.
Trupanion reported a 29% increase in total revenue to $233.8 million and a 30% increase in total enrolled pets to 1,439,605. However, the company experienced a net loss of $12.9 million, or $0.32 per share, and an adjusted EBITDA of $(0.9) million.
Trupanion's total revenue was $219.4 million, a 30% increase compared to Q2 2021. The company's total enrolled pets increased by 32% to 1,348,145. However, the company reported a net loss of $(13.6) million, or $(0.33) per share, and an adjusted EBITDA of $(1.7) million.
Trupanion's Q1 2022 total revenue increased by 33% compared to Q1 2021. The company reported a net loss of $(8.9) million, or $(0.22) per share, improved from a net loss of $(12.4) million, or $(0.31) per share, in Q1 2021. Adjusted EBITDA was $1.2 million, compared to adjusted EBITDA of $(1.1) million in the first quarter of 2021.
Trupanion reported a 36% increase in total revenue for Q4 2021 compared to the same quarter in 2020. The company sustained high levels of retention while adding a record number of new pets. Net loss was $(7.0) million, or $(0.17) per basic and diluted share.
Trupanion reported a 40% increase in total revenue, reaching $181.7 million in Q3 2021. The company's total enrolled pets increased by 37% year-over-year, while subscription business revenue grew by 28%. Despite these gains, Trupanion experienced a net loss of $(6.8) million, or $(0.17) per share, impacted by increased stock-based compensation and depreciation and amortization.
Trupanion reported a strong Q2 2021 with a 43% increase in total revenue, driven by a 60% year-over-year growth in net pet additions and strong retention rates. However, the company experienced a net loss of $9.2 million, impacted by increased stock-based compensation, depreciation, and acquisition spend.
Trupanion reported a 39% increase in total revenue year-over-year, reaching $154.7 million in Q1 2021. The growth was primarily driven by a rise in subscription pets. However, the company experienced a net loss of $(12.4) million, or $(0.31) per share, influenced by stock-based compensation expenses.
Trupanion reported a strong fourth quarter, with total revenue increasing by 35% compared to the fourth quarter of 2019. The company is positioned to capitalize on the expanding prospects within its substantial, underpenetrated market.
Trupanion's total revenue was $130.1 million, an increase of 31% compared to the third quarter of 2019. The company reported a net loss of $(2.6) million, or $(0.07) per share, compared to net income of $0.8 million, or $0.02 per share, in the third quarter of 2019.
Trupanion's total revenue was $117.9 million, an increase of 28% compared to the second quarter of 2019. Net income was $1.4 million, or $0.04 per basic and diluted share, compared to a net loss of $(1.9) million in the second quarter of 2019.
Trupanion reported a 28% increase in total revenue, reaching $111.3 million, and a 25% increase in total enrolled pets, totaling 687,435. The company experienced a net loss of $1.1 million, or $0.03 per share, and generated a free cash flow of $1.4 million.
Trupanion reported a 28% increase in total revenue, reaching $105.5 million, and net income of $0.6 million, or $0.02 per basic and diluted share, compared to a net loss in the same quarter of the previous year. The company's subscription business revenue also grew by 22% to $86.6 million.