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Trupanion TRUP Subscription business — Current Year Claims and Claims Adjustment Expense

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$85.22M+1.9%

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Other financials

Income statement

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Revenue$392.9M+11.1%
Gross profit$65.1M+18.8%
Operating income$6.4M+176%
Net income$6.8M-27.4%
EPS (diluted)$0.16-27.3%

Balance sheet

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Cash & equivalents$178.3M+8.4%
Total debt$106.9M-6.6%
Total equity$409.7M+15.3%
Total assets$930.8M+9.8%

Cash flow

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Operating cash flow$21.0M+39.7%
CapEx$1.8M-38.7%
Free cash flow$19.2M+59.0%

Valuation

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Market cap$1.18B-44.4%
Enterprise value$1.11B-46.4%
P/E51×
P/S0.8×-0.8×

Profitability

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Gross margin16.6%+1.2pp
Operating margin1.6%+1.4pp
Net margin1.5%
FCF margin5.4%+0.9pp

Returns & leverage

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Return on equity6.1%
Debt / equity0.3×-0.1×
Current ratio1.8×+0.1×

Where this comes from

Reported directly by Trupanion in its filing.

Tagged under the XBRL concept us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense.

The source filing: Trupanion’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001371285-26-000172
SubscriptionSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Reserve at beginning of year$26,364$23,084
Veterinary invoice expenses during the period related to:
Current year383,806338,923
Prior years2,4112,132
Total veterinary invoice expense386,217341,055
Amounts paid during the period related to:
Current year360,156315,253
Prior years23,56321,355

Item 1. Financial Statements

FAQ

What is Trupanion's subscription business — current year claims and claims adjustment expense?
Trupanion (TRUP) reported subscription business — current year claims and claims adjustment expense of $195.53M in Q2 2026.
How has Trupanion's subscription business — current year claims and claims adjustment expense changed year-over-year?
Trupanion's subscription business — current year claims and claims adjustment expense increased by 13.4% year-over-year, from $172.47M to $195.53M.
What is the long-term trend for Trupanion's subscription business — current year claims and claims adjustment expense?
Over 4 years (2021 to 2025), Trupanion's subscription business — current year claims and claims adjustment expense has grown at a 18.1% compound annual growth rate (CAGR), from $357.86M to $696.9M.
What does subscription business — current year claims and claims adjustment expense mean?
Reflects the total costs incurred during the current reporting period related to insurance claims and the associated expenses for processing those claims. This figure provides insight into the immediate underwriting performance and the direct cost of providing insurance coverage. Monitoring this helps investors evaluate the impact of current claim frequency and severity on operational profitability.

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