Trupanion, Inc. (TRUP) Stock

Trupanion, Inc. (TRUP) is a Healthcare stock trading at $23.99 (as of 2026-07-24), with a market capitalization of $1.05B and a trailing P/E of 40.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Trupanion, Inc. and its subsidiaries offer monthly medical insurance coverage for cats and dogs. It operates through a Subscription Business segment and an Other Business segment, serving pet owners and veterinarians in the United States, Canada, Puerto Rico, and Australia.

Understand Trupanion, Inc.: how it makes money

Trupanion sells monthly medical insurance plans for cats and dogs, earning money from subscription premiums (primarily its Subscription Business), and also reports an Other Business segment.

The companys profit model is driven by subscription pet growth and retention, while a large share of subscription revenue is offset by the cost of paying veterinary invoices (Cost of Paying Veterinary Invoices as Percent of Subscription Revenue is 77.0%).

Revenue by segment (latest quarter)
Subscription$0.3B
Other$0.1B

Business quality (Weak): Clear subscription engine with measurable retention and net pet adds, but profitability appears tight because veterinary invoice costs consume most subscription revenue.

Valuation: At 41× earnings, TRUP trades 219% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Retention is very high: Monthly Member Retention is 98.0%.
  • Subscriber base continues to grow: Net New Subscription Pets Added is 16,000, with Subscription Enrolled Pets at 1,106,000.

Bear case

  • Claims or invoice costs are a major headwind: Cost of Paying Veterinary Invoices as Percent of Subscription Revenue is 77.0%.
  • Low operating margin: Operating margin is 1.2% (period ended 2026-03-31).
Valuation — source: SEC EDGAR (first-party)
Price$23.99
Market Cap$1.05B
P/E Ratio40.6
EV / EBITDA27.1
Price / Book2.65
Price / Sales0.71
FCF Yield7.2%
DCF Value (model)$4.10
DCF Upside vs Price-82.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.44B
Net Margin1.4%
Revenue Growth (YoY)12.3%
EPS Growth (YoY)-466.7%
FCF Growth (YoY)-2.1%
Financial Health — source: SEC EDGAR
Altman Z-Score2.85 (grey)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E40.6
Sector P/E (Healthcare)21.2
Industry P/E (Insurance)12.7
vs Sector91.1%
vs Industry218.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($139.40M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorHealthcare
IndustryInsurance
CEOMargaret Rosemary Maria Tooth
Employees1,130
CountryUS
IPO Date2014-07-18

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TRUP earnings history · TRUP institutional & insider holders · TRUP KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.