Quarterly ResultApr 30, 2026, 04:26 PM
TRUP Q1 Net Income $4.9M; Revenue +12% to $384M
AI Summary
Trupanion, Inc. reported strong first-quarter 2026 financial results, with total revenue increasing 12% to $384.0 million and net income reaching $4.9 million, or $0.11 per share, a significant improvement from a net loss in the prior year. The company saw robust growth in its subscription business, with revenue up 16% and subscription enrolled pets increasing 5%. CEO Margi Tooth emphasized the company's unique position to address rising veterinary care costs and its disciplined investment strategy.
Key Highlights
- TRUP Q1 2026 total revenue increased 12% to $384.0 million.
- Net income was $4.9 million, or $0.11 per share, compared to a $(1.5) million net loss in Q1 2025.
- Subscription business revenue grew 16% to $269.5 million.
- Subscription enrolled pets increased 5% to 1,105,783.
- Adjusted EBITDA rose to $17.4 million from $12.2 million year-over-year.
- Operating cash flow was $14.6 million and free cash flow was $13.7 million.
- Monthly average revenue per subscription pet increased to $85.79.
- Average monthly retention improved to 98.35%.
Price Impact
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