Trupanion (NASDAQ:TRUP) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Posted by Brian Himes on Aug 5th, 2026

Trupanion (NASDAQ:TRUP – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05, FiscalAI reports. Trupanion had a net margin of 1.74% and a return on equity of 6.87%. The business had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. During the same period last year, the business posted $0.22 EPS. Trupanion’s revenue was up 11.1% on a year-over-year basis.

Here are the key takeaways from Trupanion’s conference call:

Subscription performance strengthened: Subscription adjusted operating income rose 24% year over year to $41.4 million, with a 15% margin, while subscription pets increased 5% to 1.125 million and retention improved to 98.37%.
Improved acquisition economics helped drive a 9% increase in gross pet adds and 39% growth in net subscription pet additions. Management said enrolled-pet lifetime value increased 25%, supporting continued investment in customer acquisition.
Trupanion authorized a $100 million share repurchase program after securing approval to transfer $44 million from an insurance subsidiary, adding buybacks to its capital-allocation options alongside growth investments and debt repayment.
Management narrowed full-year 2026 guidance to $1.584 billion-$1.601 billion in revenue and $176 million-$184 million in adjusted operating income, implying approximately 19% adjusted operating income growth at the midpoint.
Veterinary inflation remains at double-digit levels, while industry reports indicate fewer new veterinary visits; management also disclosed that its relationship with Pets Best will end after the third quarter of 2028.

Trupanion Stock Performance

TRUP stock traded down $0.26 during mid-day trading on Wednesday, hitting $24.39. 376,966 shares of the company were exchanged, compared to its average volume of 415,357. The business has a 50 day simple moving average of $24.50 and a 200-day simple moving average of $26.20. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.06 billion, a PE ratio of 41.34 and a beta of 1.39. Trupanion has a 1-year low of $21.16 and a 1-year high of $57.00.

Analyst Ratings Changes

TRUP has been the subject of a number of recent analyst reports. Zacks Research raised Trupanion from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Atlantic Securities set a $42.00 price target on Trupanion in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a report on Monday, June 1st. Stifel Nicolaus set a $28.00 price objective on shares of Trupanion in a research report on Friday, June 26th. Finally, Bank of America decreased their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Get Our Latest Analysis on Trupanion

Insider Activity

In related news, COO John R. Gallagher sold 3,603 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.69, for a total value of $78,149.07. Following the completion of the sale, the chief operating officer directly owned 33,065 shares in the company, valued at $717,179.85. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steve Weinrauch sold 6,674 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $22.00, for a total value of $146,828.00. Following the completion of the transaction, the executive vice president directly owned 78,062 shares in the company, valued at approximately $1,717,364. This represents a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 17,807 shares of company stock valued at $394,452. 5.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Trupanion

A number of institutional investors have recently modified their holdings of TRUP. EP Wealth Advisors LLC bought a new position in Trupanion during the fourth quarter worth about $380,000. Susquehanna Fundamental Investments LLC grew its position in shares of Trupanion by 216.7% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 66,368 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 45,412 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Trupanion by 20.4% during the fourth quarter. Inspire Investing LLC now owns 12,624 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 2,137 shares during the period. Engineers Gate Manager LP increased its holdings in shares of Trupanion by 11.1% during the fourth quarter. Engineers Gate Manager LP now owns 130,791 shares of the financial services provider’s stock worth $4,888,000 after purchasing an additional 13,015 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Trupanion in the fourth quarter valued at approximately $496,000.

About Trupanion

(Get Free Report)

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.