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Trupanion TRUP Subscription business — Revenue

Other segment segments

Other Segments
$114.6M+5.2%

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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 us-gaap:Revenues.

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 — revenue?
Trupanion (TRUP) reported subscription business — revenue of $269.45M in Q1 2026.
How has Trupanion's subscription business — revenue changed year-over-year?
Trupanion's subscription business — revenue increased by 15.6% year-over-year, from $233.06M to $269.45M.
What is the long-term trend for Trupanion's subscription business — revenue?
Over 4 years (2021 to 2025), Trupanion's subscription business — revenue has grown at a 18.9% compound annual growth rate (CAGR), from $494.86M to $989.34M.
What does subscription business — revenue mean?
The total income generated from the subscription-based insurance product segment, primarily consisting of recurring premiums paid by policyholders. This metric serves as the primary indicator of the scale and growth of the core business. It is essential for evaluating market penetration and the effectiveness of customer acquisition strategies.