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Trupanion (TRUP)
NASDAQ:TRUP
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong, record 2025 with meaningful margin expansion, robust free cash flow growth, improved retention and accelerating new-pet acquisition — and it included constructive 2026 guidance. Key challenges were higher CAC, a sequential decline in quarterly IRR, continued deceleration of the lower-margin 'other business' segment, and a small adverse reserve development and goodwill impairment. On balance, the positives around revenue growth, AOI expansion, cash generation, retention improvement, and a strengthened balance sheet materially outweigh the noted operational and investment-related headwinds.Company Guidance
Record 2025 Financial and Operating Performance
2025 was a record year: nearly $1.0B in subscription revenue, ~15% annual subscription adjusted operating margin, $152.0M operating income for the year, and nearly 1,000,000 pets protected. Over the past 60 months the company added over $900.0M in revenue and generated $518.0M in adjusted operating income.
Quarterly/YoY Revenue and Subscription Growth
Q4 total revenue of $376.9M, up 12% year over year; Q4 subscription revenue $261.4M, up 15% year over year. Total subscription pets increased 5% year over year to >1,096,000 (including ~63,000 in Europe).
Margin Expansion and Adjusted Operating Income Growth
Subscription adjusted operating income in Q4 was $43.1M, up 23% YoY; subscription adjusted operating margin expanded to 16.5% from 15.3% (+120 basis points). Total Q4 AOI was $45.0M, up 20% YoY.
Stronger Retention and Rapid Q4 Net Pet Growth
Trailing twelve-month average monthly retention improved to 98.34% (from 98.25% prior-year Q4) and retention improved in every quarter of 2025. Subscription net pet growth was 50% in Q4 and 10% for the full year; gross pet ads were up 8% YoY in Q4.
Improving Unit Economics and Free Cash Flow
Full-year 2025 free cash flow grew to $75.4M (5.2% of revenue), a 95% increase YoY. Q4 operating cash flow was $29.3M (vs $23.7M prior year) and Q4 free cash flow was $25.3M (vs $21.8M prior year). Balance sheet strengthened with $370.7M in cash & short-term investments and total debt of $111.8M (a $17.1M reduction YoY).
High IRR and Reinvestment Capacity
Full-year blended IRR was 30%; Q4 blended IRR was 23%. The company deployed $21.6M of Q4 AOI to acquire ~65,200 new subscription pets and views AOI as a versatile pool for reinvestment across PAC, new initiatives (e.g., Landspath), technology, international expansion, and debt reduction.
Constructive 2026 Guidance
2026 guidance: total revenue $1.55B–$1.582B; subscription revenue $1.117B–$1.137B (~14% YoY growth at midpoint); total AOI $173M–$187M (~19% YoY growth at midpoint). Q1 2026 guidance implies ~14% YoY subscription revenue growth and ~27% YoY AOI growth at the midpoint.
TRUP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRUP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $32.14 | $27.96 | -13.01% |
Nov 06, 2025 | $42.09 | $38.58 | -8.34% |
Aug 07, 2025 | $48.75 | $48.81 | +0.12% |
May 01, 2025 | $36.44 | $45.00 | +23.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trupanion (TRUP) report earnings?
Trupanion (TRUP) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Trupanion (TRUP) earnings time?
Trupanion (TRUP) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRUP EPS forecast?
TRUP EPS forecast for the fiscal quarter 2026 (Q1) is 0.07.