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Trupanion TRUP Deferred Revenue from Fronting Agreement

Deferred Revenue from Fronting Agreement at other companies

Molina Healthcare logo
Molina HealthcareMOH
$401M+8.7%
Lincoln National logo
Lincoln NationalLNC
$7.8B+12.9%
Crown Castle logo
Crown CastleCCI
$437M+1.6%
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
$636.2M+2.7%
Cytokinetics logo
CytokineticsCYTK
$1.65M-96.8%
eBay logo
eBayEBAY
$50M+25.0%

Other financials

Income statement

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Revenue$384.0M+12.3%
Gross profit$61.5M+20.3%
Operating income$4.8M+424%
Net income$4.9M+429%
EPS (diluted)$0.11+467%

Balance sheet

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Cash & equivalents$182.9M-11.2%
Total debt$109.3M-15.2%
Total equity$394.8M+18.3%
Total assets$921.6M+10.1%

Cash flow

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Operating cash flow$14.6M-8.6%
CapEx$847.0K-56.1%
Free cash flow$13.7M-2.1%

Valuation

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Market cap$1.04B-56.4%
Enterprise value$968.57M-58.1%
P/E40.4×
P/S0.7×-1.1×

Profitability

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Gross margin16.3%+1.6pp
Operating margin1.4%+1.1pp
Net margin1.7%
FCF margin5.1%+1.0pp

Returns & leverage

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Return on equity7.1%
Debt / equity0.3×-0.1×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Trupanion in its filing.

Tagged under the XBRL concept trup:DeferredRevenuefromFrontingAgreement.

The official record: Trupanion’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trupanion's deferred revenue from fronting agreement?
Trupanion (TRUP) reported deferred revenue from fronting agreement of $1.3M in Q4 2025.
How has Trupanion's deferred revenue from fronting agreement changed year-over-year?
Trupanion's deferred revenue from fronting agreement decreased by 88.5% year-over-year, from $11.3M to $1.3M.
What is the long-term trend for Trupanion's deferred revenue from fronting agreement?
Over 5 years (2020 to 2025), Trupanion's deferred revenue from fronting agreement has grown at a -18.4% compound annual growth rate (CAGR), from $3.6M to $1.3M.
What does deferred revenue from fronting agreement mean?
This represents payments received from fronting partners for insurance services that have not yet been earned or fulfilled according to the contractual agreement. It reflects the company's obligation to provide future services or bear risk under specific B2B insurance arrangements. An increasing balance indicates growing business volume within the fronting segment and future revenue visibility.