Financial Performance - Total revenue for Q3 2025 was $366.9 million, a 12% increase compared to Q3 2024[4] - Subscription business revenue reached $252.7 million, reflecting a 15% growth year-over-year[4] - Net income for Q3 2025 was $5.9 million, or $0.14 per basic share, compared to $1.4 million, or $0.03 per basic share, in Q3 2024[4] - For the first nine months of 2025, total revenue was $1,062.5 million, a 12% increase compared to the same period in 2024[10] - Net income for the first nine months of 2025 was $13.8 million, compared to a net loss of $(11.3) million in the same period of 2024[10] - Total revenue for Q3 2025 reached $366.9 million, a 12% increase from $327.5 million in Q3 2024[18] - Subscription business revenue was $252.7 million, up 15% from $219.0 million year-over-year[18] - Net income for Q3 2025 was $5.9 million, compared to a net income of $1.4 million in Q3 2024[18] - Operating income for the nine months ended September 30, 2025, was $6.7 million, a significant improvement from a loss of $9.9 million in the same period of 2024[18] - Total operating expenses increased to $54.2 million in Q3 2025, up from $47.6 million in Q3 2024, reflecting a 14% rise[18] Cash Flow and Assets - Operating cash flow was $29.2 million in Q3 2025, compared to $15.3 million in Q3 2024[4] - Cash and cash equivalents at the end of Q3 2025 were $154.8 million, slightly down from $160.3 million at the end of 2024[20] - Total assets increased to $880.2 million as of September 30, 2025, compared to $806.9 million at the end of 2024[20] - The company reported a net cash provided by operating activities of $29.2 million for Q3 2025, compared to $15.3 million in Q3 2024[21] - Net cash provided by operating activities for the three months ended September 30, 2025, was $29,238,000, compared to $15,296,000 in 2024[26] - Free cash flow for the nine months ended September 30, 2025, was $50,020,000, significantly higher than $16,727,000 in 2024[26] Customer Metrics - Total enrolled pets decreased by 2% to 1,654,414 as of September 30, 2025, compared to the previous year[4] - Subscription enrolled pets increased by 5% to 1,082,412 as of September 30, 2025[4] - Total pets enrolled at the end of September 30, 2025, was 1,654,414, a decrease of 2.0% from 1,688,903 in 2024[24] - Total subscription pets enrolled at the end of September 30, 2025, increased to 1,082,412, up 4.9% from 1,032,042 in 2024[24] - Monthly average revenue per pet increased to $79.84, a rise of 10.5% compared to $71.94 in 2024[24] - Average pet acquisition cost (PAC) rose to $278, an increase of 22.5% from $227 in 2024[24] - Average monthly retention rate improved slightly to 98.33%, compared to 98.29% in 2024[24] Adjusted Metrics - Adjusted EBITDA for Q3 2025 was $19.6 million, up from $14.5 million in Q3 2024[4] - Adjusted operating income for Q3 2025 was $39.1 million, representing a 27.3% increase compared to $30.8 million in Q3 2024[28] - Adjusted EBITDA for the nine months ended September 30, 2025, was $48.4 million, compared to $26.7 million in the same period of 2024[32] - Subscription adjusted operating income (non-GAAP) for the three months ended September 30, 2025, was $39,090,000, compared to $30,751,000 in 2024[27] - Subscription adjusted operating income margin improved to 15.5% in Q3 2025 from 14.0% in Q3 2024[28] Other Business Metrics - Other business revenue for Q3 2025 was $114.2 million, an increase from $108.5 million in Q3 2024[28] - Stock-based compensation expense for Q3 2025 was $9.5 million, an increase from $8.3 million in Q3 2024[21] - Deferred revenue as of September 30, 2025, was $279.7 million, up from $251.6 million at the end of 2024, indicating growth in customer commitments[20] - The cost of paying veterinary invoices as a percentage of subscription revenue decreased to 70.1% in Q3 2025 from 71.0% in Q3 2024[28] - Subscription cost of paying veterinary invoices (non-GAAP) was $177,067,000, representing 70.1% of subscription revenue, compared to 71.0% in 2024[26] Strategic Outlook - The company secured a new three-year $120 million credit facility with PNC Bank, which has a lower interest rate[6] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[31] - Management emphasizes the importance of adjusted operating income as a key metric for assessing operational performance excluding acquisition costs[30]

Core Insights - Trupanion, Inc. is a leading player in the pet insurance industry, providing medical insurance for pets across the U.S., Canada, and Puerto Rico, with earnings report expected on November 6, 2025, projecting an EPS of $0.89 and revenue of approximately $361.6 million [1][6] Financial Performance Expectations - Anticipation is high for Trupanion's earnings report, with expectations of year-over-year earnings growth driven by increased revenues for the quarter ending September 2025 [2] - The market is closely monitoring whether Trupanion will exceed earnings forecasts, which could positively impact stock prices, while failing to meet estimates may lead to a decline in stock value [2] Valuation Metrics - Trupanion's high price-to-earnings (P/E) ratio of 165.44 indicates a high valuation relative to earnings, reflecting strong investor expectations for future growth [3][6] - The price-to-sales ratio of 1.34 suggests that investors are paying $1.34 for every dollar of sales, consistent with its enterprise value to sales ratio [4] Cash Flow and Financial Health - The enterprise value to operating cash flow ratio is approximately 25.98, indicating the company's ability to generate cash flow relative to its overall value [4] - Trupanion's earnings yield is around 0.60%, showing the return on investment from earnings [5] - A debt-to-equity ratio of 0.32 reflects a moderate level of debt compared to equity, indicating a balanced financial structure [5][6] - The current ratio of approximately 1.69 suggests that Trupanion maintains good short-term liquidity to cover its liabilities, which is a positive indicator for investors [5][6]

Accessibility StatementSkip Navigation Since the partnership began, Trupanion has paid more than $7.4 million USD in claimsfor veterinary care for thousands of CKC-registered puppies. SEATTLE, Nov. 4, 2025 /PRNewswire/ --Â Trupanion (Nasdaq: TRUP), the leading medical insurance provider for cats and dogs in the North America, and the Canadian Kennel Club (CKC) are excited to announce a renewed partnership after three years of successfully providing comprehensive pet health coverage to new litters and pet pa ...

Core Insights - Trupanion, Inc. has appointed Bradley Powell, former CFO of Expeditors International, to its Board of Directors, enhancing its leadership team with his extensive financial experience [1][2] Company Overview - Trupanion is a leader in medical insurance for pets, specifically cats and dogs, with over 1,000,000 pets currently enrolled across the United States, Canada, and parts of Continental Europe [3] - The company has been operational for over two decades, focusing on providing high-value pet medical insurance with unlimited payouts for the life of the pets [3] - Trupanion is the only North American provider with technology that allows for direct payment to veterinarians at the time of checkout [3] Leadership Insights - Margi Tooth, CEO of Trupanion, expressed enthusiasm about Bradley Powell's appointment, highlighting his understanding of financial discipline and strategic growth [2] - Powell emphasized the importance of disciplined execution and a purpose-driven culture for sustained growth, aligning with Trupanion's mission [2] - Powell has a strong background, having served as CFO at Expeditors International from October 2008 to September 2025 and previously at Eden Bioscience Corporation [2]

Trupanion shares insights into corporate governance, commitment to sustainability, and more in their latest Corporate Social Responsibility ReportSEATTLE, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today that they have published their fifth corporate social responsibility report. The report is now available on Trupanion’s Investor Relations website here. About Trupanion Trupanion is a leader in medical insurance for cats and d ...

SEATTLE, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Meet Atlas, a beautiful Siberian Husky from Ontario, Canada. Today Trupanion is proud to announce that Atlas is a truFame winner, one of ten pets chosen to be the faces of Trupanion in 2026. Just last year, however, Atlas’ family received far different news. Atlas, who wasn’t even two years old at the time, needed two emergency surgeries in less than eight months. Luckily, Atlas had Trupanion pet medical insurance. “Without Trupanion, I truly don’t know how we coul ...

Core Insights - Trupanion, Inc. will report its financial results for the third quarter of 2025 on November 6, 2025, after market close [1] - A conference call will be held on the same day at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results, guidance, and management observations [1][2] Company Overview - Trupanion is a leader in medical insurance for pets, specifically cats and dogs, with over 1,000,000 pets currently enrolled [4] - The company has been operational for over two decades, providing pet owners with peace of mind through unlimited payouts for the life of their pets [4] - Trupanion is the only North American provider with technology that allows for direct payment to veterinarians at the time of checkout [4] - The company is headquartered in Seattle, WA, and is listed on NASDAQ under the symbol "TRUP" [4]

Core Insights - Trupanion (TRUP) operates in a large but underpenetrated pet insurance market valued at over $34.1 billion, positioning itself for growth through a focus on pet health, product launches, and a strong capital position [1] Company Performance - In the first half of 2025, Trupanion outperformed its industry with a share price increase of 14.8%, compared to the industry's 4.8% rise, indicating a bullish trend as shares are trading above the 50-day moving average [2][11] - Trupanion has a strong earnings surprise history, beating estimates in three of the last four quarters with an average surprise of 243.75% [3] Growth Factors - The company has seen strong average monthly retention rates, an increase in total enrolled subscription pets, and growth in average revenue per unit (ARPU), driving mid-teens revenue growth [4] - Trupanion is expanding globally as part of a five-year growth plan, with increasing contributions from European markets and opportunities to enroll more pets through higher acquisition spending [5] - New product introductions, including partnerships with Chewy and Aflac, as well as Trupanion-branded products, are expected to enhance growth [6] Financial Projections - Trupanion projects revenues between $1.417 billion and $1.434 billion for 2025, representing a year-over-year increase of 10.9% at the midpoint, with subscription revenues expected between $983 million and $992 million, up 15.3% year over year [8][11] - Total adjusted operating income is anticipated to be in the range of $141 million to $151 million, reflecting a 27.5% year-over-year increase at the midpoint [8] Efficiency Metrics - Trupanion's trailing 12-month return on equity (ROE) stands at 3.3%, significantly lower than the industry average of 15%, indicating inefficiencies in utilizing shareholders' funds [9] - The return on invested capital for Trupanion is 5.4%, compared to the industry average of 7.3%, highlighting further inefficiencies in generating income from investments [9]

Group 1 - The company is responsible for the development of transcript-related projects [1] - The company publishes thousands of quarterly earnings calls per quarter [1] - The company is continuing to grow and expand its coverage [1]

Core Points - Trupanion held its Annual Investor Day, emphasizing the importance of engagement from attendees both in-person and online [1][2] - The event featured pets as a reminder of the company's mission to ensure pets receive the care they deserve [2] - The CEO and President, Margi Tooth, was introduced to present updates and remarks [3]