Filing Flows › Trupanion (TRUP) › Q3 2026 › vs Q3 2025
Trupanion (TRUP) Q3 2026 vs Q3 2025 (year over year)
Trupanion's revenue rose $38.7M (+11%) from $367M in Q3 2025 to $406M in Q3 2026. The biggest changes: Subscription business +$35.2M (+14%); Other Segments +$3.5M (+3%). Operating margin 2.4% against 1.6% (+0.8 pts).
Trupanion, Q3 2026: revenue $406M (+10% year over year), operating margin 2.4%, net earnings $9.3M, operating cash flow $30.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 2.4% | 1.6% | +0.8 pts |
| Net margin | 2.3% | 1.6% | +0.7 pts |
| Free cash flow margin | 7.0% | 6.5% | +0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription business | $288M | $253M | $35.2M | +14% |
| Other Segments | $118M | $114M | $3.5M | +3% |
| Revenue | $406M | $367M | $38.7M | +11% |
| Operating profit | $9.5M | $5.9M | $3.7M | +63% |
| Costs & expenses | $396M | $361M | $35.0M | +10% |
| Pre-tax earnings | $10.2M | $6.6M | $3.6M | +55% |
| Cost of revenue | $336M | $307M | $29.2M | +10% |
| Sales & marketing | $24.2M | $21.9M | $2.2M | +10% |
| General & admin | $19.4M | $18.3M | $1.1M | +6% |
| Other operating costs | $16.3M | $13.9M | $2.4M | +17% |
| Net earnings | $9.3M | $5.9M | $3.4M | +58% |
| Income tax | $964K | $726K | $238K | +33% |
| Depreciation & amortization | $3.8M | $4.1M | −$224K | -6% |
| Share-based compensation | $8.1M | $9.5M | −$1.4M | -15% |
| Working capital & other | $9.6M | $9.8M | −$263K | -3% |
| Operating cash flow | $30.7M | $29.2M | $1.5M | +5% |
| Free cash flow (company-reported) | $28.5M | $23.9M | $4.5M | +19% |
| Purchases of property, equipment, and internal-use software | $2.2M | $5.3M | −$3.1M | -58% |
Questions
How much did Trupanion's revenue grow year over year in Q3 2026?
Trupanion's revenue rose $38.7M (+11%) from $367M in Q3 2025 to $406M in Q3 2026.
What drove Trupanion's revenue change in Q3 2026?
Subscription business +$35.2M (+14%); Other Segments +$3.5M (+3%).