The earnings call reflects a strong financial performance with significant growth in subscription revenue, improved operating income, and positive cash flow. Despite some challenges in the other business segment and rising pet acquisition costs, the overall outlook remains positive with raised guidance for the full year.

Company Guidance

During Trupanion's Q2 2025 earnings call, the company reported strong financial performance, with a 12% year-over-year increase in total revenue to $353.6 million, driven by a 16% rise in subscription revenue. The adjusted operating income surged 40% year-over-year to $34.8 million, and the subscription adjusted operating margin expanded by 280 basis points to 13.8%. Total subscription pets grew by 4% to over 1,066,000, with retention slightly improving on a trailing 3-month basis to 98.4%. The cost of paying veterinary invoices improved, resulting in a value proposition of 71.1%, while variable expenses decreased as a percentage of subscription revenue. The company raised its full-year revenue guidance to $1.417 billion-$1.434 billion, with subscription revenue projected to reach $983 million-$992 million, reflecting approximately 15% growth. Trupanion's strategic emphasis on high-quality pet acquisition and operational efficiency was highlighted, with investments in technology and retention efforts bolstering future growth prospects.

Record Subscription Revenue Growth

Subscription segment revenue rose 16% year-over-year, with adjusted operating income increasing 45% to over $33 million, resulting in a 13.8% subscription adjusted operating margin.

Strong Total Revenue and Earnings Performance

Total revenue for the quarter was $353.6 million, up 12% year-over-year. Net income for the quarter improved to $9.4 million or $0.22 per share from a net loss of $5.9 million in the previous year.

Positive Cash Flow and Dividend Payment

Free cash flow increased to $12 million from $4 million last year, and a $26 million extraordinary dividend was paid to the operating company from the largest insurance entity.

Improved Operating Metrics

Average monthly retention for the trailing 3 months was 98.4%, up from the same quarter last year. Subscription adjusted operating margin expanded by 280 basis points to 13.8%.

Raised Full-Year 2025 Guidance

Total revenue is now expected to be between $1.417 billion to $1.434 billion, with subscription revenue anticipated to grow by 15% year-over-year.

Trupanion (TRUP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TRUP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.06 / -	0.03	―	―	―
Aug 07, 2025	2025 (Q2)	-0.03 / 0.22	-0.14	257.14% (+0.36)
May 01, 2025	2025 (Q1)	-0.05 / -0.03	-0.16	81.25% (+0.13)
Feb 19, 2025	2024 (Q4)	0.08 / 0.04	-0.05	180.00% (+0.09)
Oct 30, 2024	2024 (Q3)	-0.06 / 0.03	-0.1	130.00% (+0.13)
Aug 08, 2024	2024 (Q2)	-0.18 / -0.14	-0.33	57.58% (+0.19)
May 02, 2024	2024 (Q1)	-0.19 / -0.16	-0.6	73.33% (+0.44)
Feb 15, 2024	2023 (Q4)	-0.17 / -0.05	-0.23	78.26% (+0.18)
Nov 02, 2023	2023 (Q3)	-0.31 / -0.10	-0.32	68.75% (+0.22)
Aug 03, 2023	2023 (Q2)	-0.41 / -0.33	-0.33	0.00% (0.00)

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
Aug 07, 2025	$48.75	$48.81	+0.12%
May 01, 2025	$36.44	$45.00	+23.49%
Feb 19, 2025	$47.51	$35.40	-25.49%
Oct 30, 2024	$55.12	$54.78	-0.62%

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 Inc. (TRUP) report earnings?

Trupanion Inc. (TRUP) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Trupanion Inc. (TRUP) earnings time?

Trupanion Inc. (TRUP) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 0.06.

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