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Trupanion TRUP Subscription business — Other Cost of Services Sold

Other segment segments

Other Segments
$16.09M-26.1%

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$128.72M+28.4%
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AGYSSubscription And Maintenance — Cost of Goods Sold
$10.78M-2.0%

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-56.5%
Enterprise value$968.57M-58.3%
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:OtherCostofServicesSold.

The official record: Trupanion’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trupanion's subscription business — other cost of services sold?
Trupanion (TRUP) reported subscription business — other cost of services sold of $25.04M in Q1 2026.
How has Trupanion's subscription business — other cost of services sold changed year-over-year?
Trupanion's subscription business — other cost of services sold increased by 15.6% year-over-year, from $21.66M to $25.04M.
What is the long-term trend for Trupanion's subscription business — other cost of services sold?
Over 4 years (2021 to 2025), Trupanion's subscription business — other cost of services sold has grown at a 15.4% compound annual growth rate (CAGR), from $51.22M to $90.73M.
What does subscription business — other cost of services sold mean?
Includes direct operational costs associated with delivering subscription services, excluding primary claims expenses. This captures the variable costs required to maintain service levels and support the subscription infrastructure.