Filing Flows › Trupanion (TRUP) › Q2 2026 › vs Q1 2026
Trupanion (TRUP) Q2 2026 vs Q1 2026 (quarter over quarter)
Trupanion's revenue rose $8.9M (+2%) from $384M in Q1 2026 to $393M in Q2 2026. The biggest changes: Subscription business +$7.2M (+3%); Other Segments +$1.6M (+1%). Operating margin 1.6% against 1.2% (+0.4 pts).
Trupanion, Q2 2026: revenue $393M (+11% year over year), operating margin 1.6%, net earnings $6.8M, operating cash flow $21.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 1.6% | 1.2% | +0.4 pts |
| Net margin | 1.7% | 1.3% | +0.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Subscription business | $277M | $269M | $7.2M | +3% |
| Other Segments | $116M | $115M | $1.6M | +1% |
| Revenue | $393M | $384M | $8.9M | +2% |
| Operating profit | $6.4M | $4.8M | $1.6M | +34% |
| Costs & expenses | $387M | $379M | $7.3M | +2% |
| Pre-tax earnings | $7.4M | $6.0M | $1.4M | +24% |
| Cost of revenue | $328M | $323M | $5.2M | +2% |
| Sales & marketing | $22.8M | $22.6M | $194K | +0.9% |
| General & admin | $19.5M | $19.1M | $423K | +2% |
| Other operating costs | $16.4M | $15.0M | $1.4M | +10% |
| Net earnings | $6.8M | $4.9M | $2.0M | +40% |
| Income tax | $542K | $1.1M | −$534K | -50% |
| Depreciation & amortization | $3.7M | $3.7M | −$33K | -0.9% |
| Share-based compensation | $10.0M | $9.0M | $969K | +11% |
| Working capital & other | $511K | −$3.0M | $3.5M | — |
| Operating cash flow | $21.0M | $14.6M | $6.4M | +44% |
Questions
How much did Trupanion's revenue grow quarter over quarter in Q2 2026?
Trupanion's revenue rose $8.9M (+2%) from $384M in Q1 2026 to $393M in Q2 2026.
What drove Trupanion's revenue change in Q2 2026?
Subscription business +$7.2M (+3%); Other Segments +$1.6M (+1%).