Added to YB: 2026-05-07
Pitch date: 2026-05-05
TRUP [bullish]
Trupanion, Inc.
-3.41%
current return
Author Info
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Company Info
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on subscription basis in the United States, Canada, Continental Europe, and Australia.
Market Cap
$1.1B
Pitch Price
$25.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
29.02
P/E
44.16
EV/Sales
0.73
Sector
Insurance
Category
growth
Trupanion: Recovery Is Real, and the Story Is Narrower Now
TRUP (added to position): Q1 2026 rev +12% to $384M, subscription rev +16% to $269.5M. Net income $4.9M vs loss YoY. Subscription adj op margin hit 14.2% (Q1 record), up from 12.9%. Vet invoice costs improved to 70.8% from 71.8%. Subscription pets +5% to 1.106M, ARPU +11% to $85.79, retention 98.35%. PAC rose to $315 from $267. Non-core runoff as expected. Thesis now mature insurer w/ mid-teens subscription growth + margin expansion vs old hypergrowth story.
Read full article (2 min)