Trupanion Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,439	1,286	1,109	905.18	698.99
Total Revenue	1,439	1,286	1,109	905.18	698.99
Revenue Growth (YoY)	11.95%	15.97%	22.47%	29.50%	39.23%
Policy Benefits	1,029	949.15	831.06	649.74	486.06
Policy Acquisition & Underwriting Costs	85.41	71.38	77.37	89.5	78.65
Depreciation & Amortization	15.84	16.47	12.47	10.92	11.97
Selling, General & Administrative	88.89	74.36	56.87	46.57	36.76
Other Operating Expenses	177.04	155.68	144.92	126.77	101.44
Total Operating Expenses	1,424	1,290	1,145	947.56	733.93
Operating Income	15.27	-4.03	-36.27	-42.38	-34.94
Interest Expense	-13.76	-14.5	-12.08	-4.27	-0.01
Earnings From Equity Investments	-0.31	-0.18	-0.22	-0.25	-0.17
Other Non Operating Income (Expenses)	21.92	14.37	7.7	3.07	-0.01
EBT Excluding Unusual Items	23.12	-4.34	-40.86	-43.82	-35.14
Impairment of Goodwill	-1.13	-5.3	-	-	-
Other Unusual Items	-	-	-4.18	-0.37	-0.08
Pretax Income	21.99	-9.64	-45.04	-44.2	-35.22
Income Tax Expense	2.56	-0.01	-0.34	0.48	0.31
Net Income	19.43	-9.63	-44.69	-44.67	-35.53
Net Income to Common	19.43	-9.63	-44.69	-44.67	-35.53
Shares Outstanding (Basic)	43	42	41	41	40
Shares Outstanding (Diluted)	44	42	41	41	40
Shares Change (YoY)	3.31%	1.74%	1.65%	1.56%	11.93%
EPS (Basic)	0.45	-0.23	-1.08	-1.10	-0.89
EPS (Diluted)	0.45	-0.23	-1.08	-1.10	-0.89
Free Cash Flow	75.36	38.57	0.36	-25.09	-4.9
Free Cash Flow Per Share	1.73	0.92	0.01	-0.61	-0.12
Operating Margin	1.06%	-0.31%	-3.27%	-4.68%	-5.00%
Profit Margin	1.35%	-0.75%	-4.03%	-4.93%	-5.08%
Free Cash Flow Margin	5.24%	3.00%	0.03%	-2.77%	-0.70%
EBITDA	31.11	12.43	-23.79	-31.46	-22.98
EBITDA Margin	2.16%	0.97%	-2.15%	-3.48%	-3.29%
D&A For EBITDA	15.84	16.47	12.47	10.92	11.97
EBIT	15.27	-4.03	-36.27	-42.38	-34.94
EBIT Margin	1.06%	-0.31%	-3.27%	-4.68%	-5.00%
Effective Tax Rate	11.64%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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