$TRUP

TRUPANION INC.

CIK:0001371285|SEC Filings

Consolidated Statement of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 392,934	$ 353,557	$ 776,983	$ 695,532
Claims Expense	279,468	255,580	560,904	503,030
Other Cost of Services Sold	48,333	43,150	89,457	86,572
Cost of Revenue	327,801	298,730	650,361	589,602
Technology and Development Expense	12,754	8,586	24,048	16,658
General and Administrative Expense	19,525	20,122	38,627	40,014
Selling and Marketing Expense	22,805	19,843	45,416	40,359
Depreciation, Depletion and Amortization	3,673	3,962	7,379	7,753
Operating Expenses	58,757	52,513	115,470	104,784
Income (Loss) from Equity Method Investments	0	0	0	(305)
Operating Income (Loss), Total	6,376	2,314	11,152	841
Interest Expense	1,832	3,682	3,707	6,893
Other Nonoperating Income (Expense)	(2,829)	(11,914)	(5,884)	(15,154)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	7,373	10,546	13,329	9,102
Income Tax Expense (Benefit)	542	1,133	1,618	1,172
Net Income (Loss) Available to Common Stockholders, Basic, Total	$ 6,831	$ 9,413	$ 11,711	$ 7,930
Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share, Basic	$ 0.16	$ 0.22	$ 0.27	$ 0.19
Earnings Per Share, Diluted	$ 0.16	$ 0.22	$ 0.27	$ 0.18
Weighted Average Number of Shares Outstanding, Basic	43,730,573	42,872,153	43,618,710	42,734,426
Weighted Average Number of Shares Outstanding, Diluted	43,821,061	43,325,704	43,751,785	43,544,325

Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
Consolidated Statement of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ 11,711,000	$ 7,930,000
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]
Depreciation, Depletion and Amortization	7,379,000	7,753,000
Share-based Payment Arrangement, Noncash Expense	18,969,000	19,286,000
Nonmonetary Transaction, Gain (Loss) Recognized on Transfer	0	(7,783,000)
Other Operating Income (Expense), Net	(378,000)	951,000
Increase (Decrease) in Operating Assets [Abstract]
Increase (Decrease) in Accounts Receivable	(627,000)	(18,015,000)
Increase (Decrease) in Prepaid Expense and Other Assets	2,597,000	(584,000)
Increase (Decrease) in Accounts Payable and Accrued Liabilities	(16,797,000)	990,000
Increase (Decrease) in Claims Reserve and Loss Adjustment	(4,048,000)	697,000
Increase (Decrease) in Unearned Premiums	16,772,000	19,764,000
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	35,578,000	30,989,000
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Payments to Acquire Held-to-maturity Securities	(119,977,000)	(142,000,000)
Maturities of Investment Securities	100,236,000	94,264,000
Payments to Acquire Property, Plant, and Equipment	(2,672,000)	(4,904,000)
Payment for (Proceeds from) Other Investing Activity	(17,000)	1,200,000
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	(22,430,000)	(51,440,000)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Repayments of Debt	(5,000,000)	(15,525,000)
Proceeds from Stock Options Exercised	668,000	1,327,000
Payment, Tax Withholding, Share-based Payment Arrangement	(976,000)	(1,688,000)
Proceeds from (Payment for) Other Financing Activity	0	(460,000)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	(5,308,000)	(16,346,000)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(999,000)	1,738,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	6,841,000	(35,059,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance	171,458,000	199,530,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	178,299,000	164,471,000
Supplemental Cash Flow Information [Abstract]
Capital Expenditures Incurred but Not yet Paid	605,000	296,000
Noncash or Part Noncash Acquisition, Intangible Assets Acquired	$ 0	$ 14,783,000

Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets [Abstract]
Cash and Cash Equivalent	$ 149,360	$ 138,024
Short-term Investments	249,131	232,706
Accounts and Other Receivables, Net, Current	302,191	301,945
Prepaid Expense and Other Assets	18,760	18,387
Assets, Current, Total	719,442	691,062
Restricted Cash and Cash Equivalent	28,939	33,434
Marketable Securities, Noncurrent	989	983
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	101,425	104,844
Intangible Asset, Excluding Goodwill, after Accumulated Amortization	23,344	24,102
Other Assets, Noncurrent	18,047	21,237
Goodwill	38,625	39,382
Assets, Total	930,811	915,044
Liabilities and Equity [Abstract]
Accounts Payable, Current	11,965	16,445
Accrued Liabilities, Current	44,638	56,509
Liability for Claims and Claims Adjustment Expense	51,722	55,921
Deferred Revenue	287,156	270,935
Long-term Debt, Current Maturities	10,000	10,000
Liabilities, Current, Total	405,481	409,810
Long-term Debt, Excluding Current Maturities	96,909	101,784
Deferred Income Tax Liabilities, Net	639	1,510
Other Liabilities, Noncurrent	18,112	18,004
Liabilities, Total	521,141	531,108
Common Stock, Value, Outstanding	0	0
Preferred Stock, Value, Outstanding	0	0
Additional Paid in Capital	623,566	604,828
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,618)	2,097
Retained Earnings (Accumulated Deficit)	(194,744)	(206,455)
Treasury Stock, Value	(16,534)	(16,534)
Stockholders' Equity Attributable to Parent	409,670	383,936
Liabilities and Equity	$ 930,811	$ 915,044