Filing Flows › Trupanion (TRUP) › Q3 2026
Trupanion (TRUP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Trupanion (TRUP) reported revenue of $406M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before. Operating margin was 2.4%, net earnings $9.3M (2.3% of revenue).
Trupanion, Q3 2026: revenue $406M (+10% year over year), operating margin 2.4%, net earnings $9.3M, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $406M | +3% | +11% |
| Operating profit | $9.5M | +50% | +63% |
| Net earnings | $9.3M | +36% | +58% |
| Operating cash flow | $30.7M | +46% | +5% |
| Free cash flow | $28.5M | — | +19% |
What changed
Revenue was $405.6M in Q3 2026, up 11% year over year and up 3% from the previous quarter. Subscription business was the largest line at 71% of revenue. Subscription business added $35.2M year over year (up 14%), 91% of the total change.
Operating profit was $9.5M, a 2.4% margin (up 0.8 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, above the 2% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $9.3M, up 58% year over year. The effective tax rate was 9.4%.
Operating cash flow was $30.7M (up 5% year over year), 331% of net earnings. Non-cash charges added back $3.8M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items added $9.6M. After purchases of property, equipment, and internal-use software ($2.2M), free cash flow as the company reports it was $28.5M.
Questions
What was Trupanion's revenue in the third quarter 2026?
Trupanion (TRUP) reported revenue of $406M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before.
Was Trupanion profitable in the third quarter 2026?
Operating profit was $9.5M (2.4% of revenue) and net earnings $9.3M.
Source: Trupanion 10-Q on SEC EDGAR.