Quarterly ResultApr 30, 2026, 04:15 PM
TRUP Q1 Revenue +12.3% to $384M; Swings to Profit $4.9M
AI Summary
TRUPANION, INC. reported a significant improvement in its first-quarter 2026 financial results, swinging to a net income of $4.9 million, or $0.11 per diluted share, from a net loss of $1.5 million in the prior year. Revenue increased by 12.3% to $384.0 million. The subscription business segment saw a substantial increase in operating income, while the other business segment reduced its operating loss.
Key Highlights
- Revenue increased 12.3% to $384.0 million for Q1 2026.
- Net income was $4.9 million ($0.11 diluted EPS) for Q1 2026, up from a $1.5 million net loss.
- Operating income was $4.8 million for Q1 2026, compared to an operating loss of $1.5 million in Q1 2025.
- Subscription business operating income surged 509.7% to $6.5 million.
- Other business operating loss decreased to $1.7 million from $2.2 million in Q1 2025.
- Net cash provided by operating activities was $14.6 million for Q1 2026.
- Total liabilities decreased to $526.8 million as of March 31, 2026.
- Unfavorable development on veterinary invoice reserves totaled $6.8 million for Q1 2026.