TRUP
Trupanion, Inc.
NasdaqGMUSDEQUITY
Financial Services
DELAYED
Neutral
-17/100
Last price
24.68
▲ 0.11 (0.45%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Tool
1D
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Open
—
Prev close
24.57
Day high
24.90
Day low
24.11
Volume
333.29K
Market cap
$1.08B
P/E (TTM)
46.57
52W range
21.16 – 46.98
Trailing performance
Returnvs SPY
1W
+4.53%
+2.6%
1M
-11.22%
-12.4%
3M
-6.66%
-11.2%
6M
-3.10%
-21.3%
YTD
-33.96%
-48.2%
1Y
-43.24%
-59.7%
3Y
-12.48%
-94.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TRUP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+95.58K
Net buying
Buy transactions
22
126.43K shares
Sell transactions
13
30.85K shares
Net transactions
+35
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
6.88M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 28, 26 | GALLAGHER JOHN R Chief Operating Officer |
SELL | 431 | $9.88K | Direct |
| Sep 11, 26 | TOOTH MARGARET R Chief Executive Officer |
SELL | 1.00K | $25.00K | Direct |
| Aug 28, 26 | GALLAGHER JOHN R Chief Operating Officer |
SELL | 3.60K | $107.04K | Direct |
| Aug 26, 26 | QURESHI FAWWAD Chief Financial Officer |
SELL | 6.11K | $183.39K | Direct |
| Aug 25, 26 | TOOTH MARGARET R Chief Executive Officer |
SELL | 491 | $15.63K | Direct |
| Aug 25, 26 | WEINRAUCH STEVE A Officer |
— | 4.86K | — | Direct |
| Aug 25, 26 | MCGIBNEY BRENNA Officer |
— | 6.43K | — | Direct |
| Aug 25, 26 | BEARMAN ASHER Officer |
— | 2.61K | — | Direct |
| Aug 25, 26 | WHEELER SIMON Officer |
— | 2.17K | — | Direct |
| Aug 25, 26 | QURESHI FAWWAD Chief Financial Officer |
— | 13.75K | — | Direct |
| Aug 25, 26 | GALLAGHER JOHN R Chief Operating Officer |
— | 6.79K | — | Direct |
| Aug 25, 26 | TOOTH MARGARET R Chief Executive Officer |
— | 19.04K | — | Direct |
| Aug 21, 26 | POWELL BRADLEY S Director |
— | 1.64K | — | Direct |
| Aug 21, 26 | RUBIN HOWARD Director |
— | 420 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEARMAN ASHER |
Officer | 74.01K | Conversion of Exercise of derivative security |
DAVIDSON JACQUELINE L. |
Director | 16.56K | Conversion of Exercise of derivative security |
DREYER EMILY |
Officer | 35.63K | Sale |
GALLAGHER JOHN R |
Chief Operating Officer | 33.31K | Sale |
LOW MURRAY B |
Director | 154.53K | Conversion of Exercise of derivative security |
RAWLINGS DARRYL G |
Director | 25.15K | Conversion of Exercise of derivative security |
RUBIN HOWARD |
Director | 233.29K | Conversion of Exercise of derivative security |
TOOTH MARGARET R |
Chief Executive Officer | 185.95K | Sale |
WEINRAUCH STEVE A |
Officer | 81.74K | Conversion of Exercise of derivative security |
WHEELER SIMON |
Officer | 25.33K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$1.08B
Enterprise value$791.19M
Revenue (TTM)$1.52B
Gross profit$343.44M
EBITDA$40.74M
Net income$23.21M
EPS (TTM)$0.53
Free cash flow$11.55M
Total cash$398.49M
Total debt$106.91M
Book value / share$9.34
Shares outstanding43.62M
Float33.50M
Short % of float11.15%
Dividend yield0.00%
Beta (5Y)1.44
Valuation & profitability ratios
Trailing P/E46.57
Forward P/E5.79
PEG ratio—
Price / sales—
Price / book2.64
EV / revenue0.52
EV / EBITDA19.42
Gross margin22.58%
Operating margin1.62%
Profit margin1.53%
Return on equity6.07%
Return on assets1.78%
Debt / equity26.10
Current ratio1.77
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.44B | $1.29B | $1.11B | $905.18M | +11.9% |
| Operating revenue | $989.34M | $856.52M | $712.91M | $596.61M | +15.5% |
| Cost of revenue | $1.21B | $1.11B | $977.59M | $782.99M | +9.2% |
| Gross profit | $231.01M | $178.80M | $131.02M | $122.19M | +29.2% |
| Research & development | $37.85M | $31.25M | $21.40M | $25.13M | +21.1% |
| Selling, general & admin | $76.65M | $63.73M | $60.21M | $39.38M | +20.3% |
| Total operating expense | $130.33M | $111.45M | $94.08M | $75.43M | +16.9% |
| Operating income | $100.68M | $67.35M | $36.93M | $46.75M | +49.5% |
| Net interest income | -$1.46M | -$2.10M | -$3.08M | -$1.27M | +30.5% |
| Pre-tax income | $21.99M | -$9.64M | -$45.03M | -$44.20M | +328.2% |
| Tax provision | $2.56M | -$5.00K | -$342.00K | $476.00K | +51,320.0% |
| Net income | $19.43M | -$9.63M | -$44.69M | -$44.67M | +301.7% |
| Net income to common | $19.43M | -$9.63M | -$44.69M | -$44.67M | +301.7% |
| Basic EPS | 0.45 | -0.23 | -1.08 | -1.10 | +295.7% |
| Diluted EPS | 0.45 | -0.23 | -1.08 | -1.10 | +295.7% |
| EBIT | $35.75M | $4.86M | -$32.96M | -$39.93M | +635.7% |
| EBITDA | $51.59M | $21.33M | -$20.48M | -$29.01M | +141.9% |
| Basic shares | 42.96M | 42.16M | 41.44M | 40.77M | +1.9% |
| Diluted shares | 43.56M | 42.16M | 41.44M | 40.77M | +3.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $138.02M | $160.29M | $147.50M | $65.61M | -13.9% |
| Cash & short-term investments | $370.73M | $307.38M | $277.17M | $222.41M | +20.6% |
| Accounts receivable | $301.94M | $274.03M | $267.90M | $232.44M | +10.2% |
| Total current assets | $691.06M | $597.33M | $562.09M | $469.10M | +15.7% |
| Property, plant & equipment | $104.84M | $102.19M | $103.65M | $90.70M | +2.6% |
| Goodwill & intangibles | $63.48M | $50.15M | $62.46M | $66.01M | +26.6% |
| Total assets | $915.04M | $806.85M | $782.95M | $671.63M | +13.4% |
| Total current liabilities | $409.81M | $349.63M | $344.47M | $289.62M | +17.2% |
| Current debt | $10.00M | $1.35M | $1.35M | $1.10M | +640.7% |
| Long-term debt | $101.78M | $127.54M | $127.58M | $68.35M | -20.2% |
| Total debt | $111.78M | $128.89M | $128.93M | $69.46M | -13.3% |
| Total liabilities | $531.11M | $483.58M | $479.23M | $366.33M | +9.8% |
| Retained earnings | -$206.46M | -$225.89M | -$216.25M | -$171.56M | +8.6% |
| Shareholder equity | $383.94M | $323.27M | $303.72M | $305.30M | +18.8% |
| Working capital | $281.25M | $247.70M | $217.62M | $179.48M | +13.5% |
| Net tangible assets | $320.45M | $273.12M | $241.26M | $239.28M | +17.3% |
| Shares issued | 44.43M | 43.52M | 42.89M | 42.04M | +2.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $19.43M | -$9.63M | -$44.69M | -$44.67M | +301.7% |
| Depreciation & amortisation | $15.84M | $16.47M | $12.47M | $10.92M | -3.8% |
| Stock-based compensation | $38.31M | $33.43M | $33.16M | $33.39M | +14.6% |
| Change in working capital | $20.46M | $4.47M | $16.35M | -$8.69M | +357.7% |
| Operating cash flow | $89.49M | $48.29M | $18.64M | -$8.00M | +85.3% |
| Capital expenditure | -$14.13M | -$9.72M | -$18.28M | -$17.09M | -45.4% |
| Investing cash flow | -$95.89M | -$13.46M | $7.64M | -$67.52M | -612.5% |
| Share buybacks | -$3.71M | -$2.52M | -$1.54M | -$10.11M | -47.4% |
| Financing cash flow | -$22.86M | -$3.96M | $59.13M | $60.74M | -477.8% |
| Free cash flow | $75.36M | $38.57M | $358.00K | -$25.09M | +95.4% |
| End cash position | $171.46M | $199.53M | $170.46M | $84.64M | -14.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $392.93M | $384.05M | $376.85M | $366.92M | $353.56M | +2.3% |
| Operating revenue | $392.93M | $384.05M | -$73.11M | $366.92M | $353.56M | +2.3% |
| Cost of revenue | $327.80M | $322.56M | $311.83M | $306.87M | $298.73M | +1.6% |
| Gross profit | $65.13M | $61.49M | $65.03M | $60.05M | $54.83M | +5.9% |
| Research & development | $12.75M | $11.29M | $11.30M | $9.89M | $8.59M | +12.9% |
| Selling, general & admin | $19.52M | $19.10M | $18.32M | $18.31M | $20.12M | +2.2% |
| Total operating expense | $35.95M | $34.10M | $33.66M | $32.25M | $32.67M | +5.4% |
| Operating income | $29.18M | $27.39M | $31.37M | $27.80M | $22.16M | +6.6% |
| Net interest income | -$1.83M | -$1.88M | $8.22M | -$2.79M | -$3.68M | +2.3% |
| Pre-tax income | $7.37M | $5.96M | $6.29M | $6.60M | $10.55M | +23.8% |
| Tax provision | $542.00K | $1.08M | $663.00K | $726.00K | $1.13M | -49.6% |
| Net income | $6.83M | $4.88M | $5.63M | $5.87M | $9.41M | +40.0% |
| Net income to common | $6.83M | $4.88M | $5.63M | $5.87M | $9.41M | +40.0% |
| Basic EPS | 0.16 | 0.11 | 0.13 | 0.14 | 0.22 | +45.5% |
| Diluted EPS | 0.16 | 0.11 | 0.13 | 0.13 | 0.22 | +45.5% |
| EBIT | $9.21M | $7.83M | $10.37M | $9.39M | $14.23M | +17.5% |
| EBITDA | $12.88M | $11.54M | $14.40M | $13.44M | $18.19M | +11.6% |
| Basic shares | 43.73M | 43.51M | 42.28M | 43.08M | 42.87M | +0.5% |
| Diluted shares | 43.82M | 43.68M | 43.57M | 43.56M | 43.33M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $149.36M | $153.46M | $138.02M | $154.77M | $122.74M | -2.7% |
| Cash & short-term investments | $398.49M | $383.66M | $370.73M | $348.53M | $319.60M | +3.9% |
| Accounts receivable | $302.19M | $304.80M | $301.94M | $302.53M | $292.82M | -0.9% |
| Total current assets | $719.44M | $705.17M | $691.06M | $668.03M | $629.08M | +2.0% |
| Property, plant & equipment | $101.42M | $102.61M | $104.84M | $104.68M | $101.78M | -1.2% |
| Goodwill & intangibles | $61.97M | $62.30M | $63.48M | $65.16M | $67.12M | -0.5% |
| Total assets | $930.81M | $921.58M | $915.04M | $880.17M | $847.79M | +1.0% |
| Total current liabilities | $405.48M | $408.37M | $409.81M | $390.77M | $372.29M | -0.7% |
| Current debt | $10.00M | $10.00M | $10.00M | $750.00K | $1.35M | 0.0% |
| Long-term debt | $96.91M | $99.35M | $101.78M | $113.79M | $113.12M | -2.5% |
| Total debt | $106.91M | $109.35M | $111.78M | $114.54M | $114.47M | -2.2% |
| Total liabilities | $521.14M | $526.76M | $531.11M | $511.61M | $492.33M | -1.1% |
| Retained earnings | -$194.74M | -$201.57M | -$206.46M | -$212.09M | -$217.96M | +3.4% |
| Shareholder equity | $409.67M | $394.82M | $383.94M | $368.56M | $355.45M | +3.8% |
| Working capital | $313.96M | $296.80M | $281.25M | $277.26M | $256.79M | +5.8% |
| Net tangible assets | $347.70M | $332.52M | $320.45M | $303.41M | $288.33M | +4.6% |
| Shares issued | 43.87M | 44.65M | 44.43M | 44.22M | 44.02M | -1.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $6.83M | $4.88M | $5.63M | $5.87M | $9.41M | +40.0% |
| Depreciation & amortisation | $3.67M | $3.71M | $4.03M | $4.05M | $3.96M | -0.9% |
| Stock-based compensation | $9.97M | $9.00M | $9.53M | $9.50M | $9.46M | +10.8% |
| Change in working capital | $676.00K | -$2.78M | $8.01M | $9.60M | -$625.00K | +124.3% |
| Operating cash flow | $20.98M | $14.59M | $29.26M | $29.24M | $15.03M | +43.8% |
| Capital expenditure | -$1.82M | -$847.00K | -$3.92M | -$5.30M | -$2.98M | -115.5% |
| Investing cash flow | -$22.54M | $113.00K | -$42.13M | -$2.32M | -$42.47M | -20,049.6% |
| Share buybacks | -$480.00K | -$496.00K | -$845.00K | -$1.18M | -$773.00K | +3.2% |
| Financing cash flow | -$2.57M | -$2.74M | -$5.08M | -$1.44M | -$15.89M | +6.0% |
| Free cash flow | $19.16M | $13.75M | $25.34M | $23.93M | $12.05M | +39.4% |
| End cash position | $178.30M | $182.87M | $171.46M | $188.91M | $164.47M | -2.5% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
17.50
-29.1% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
655
Contracts, this expiry
Put volume
3
Contracts, this expiry
Heaviest call OI
22.50
0 contracts
Heaviest put OI
17.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.94 | 0.86 | -8.6% |
| Mar 2026 | 0.88 | 0.78 | -11.8% |
| Dec 2025 | 0.16 | 0.13 | -19.6% |
| Sep 2025 | 0.89 | 0.77 | -13.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.01 | 1 | $402.53M | +9.7% |
| Next quarter | 1.12 | 1 | $412.10M | +9.4% |
| Current year | 4.04 | 1 | $1.59B | +10.6% |
| Next year | 4.26 | 1 | $1.73B | +8.5% |
Analyst targets & ownership
Mean target$34.25
High target$42.00
Low target$29.00
Implied upside38.78%
Analyst count4
ConsensusBUY
Strong buy / Buy0 / 2
Hold4
Sell / Strong sell0 / 0
Held by insiders15.69%
Held by institutions78.94%
Institutions holding282
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
23.52
+4.92% from price
SMA 20
24.37
+1.28% from price
SMA 50
26.84
-8.06% from price
SMA 100
25.41
-2.86% from price
SMA 200
27.39
-9.91% from price
EMA 12
24.17
+2.11% from price
EMA 26
25.07
-1.57% from price
EMA 50
25.77
-4.21% from price
RSI (14)
46.8
Neutral
MACD (12,26,9)
-0.90
Hist 0.17
ATR (14)
0.94
3.80% of price
Realised vol 30D
44.3%
Annualised
Bollinger upper
26.56
20, 2σ
Bollinger lower
22.18
20, 2σ
50 / 200 cross
Death
26.84 vs 27.39
Trend bias
Below 200
-9.91%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.16
Less volatile than market
Correlation to SPY
0.04
Largely independent
Realised vol 30D
44.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-51.2%
Peak to trough
Max drawdown 5Y
-87.3%
Peak to trough
ATR 14
0.94
3.80% of price
Beta (reported)
1.44
5Y monthly, from filing
Short interest
Shares short
4.06M
Prior 3.97M
Change vs prior
+2.2%
Shorts adding
% of float
11.15%
Elevated
% of shares out
9.25%
Against total outstanding
Days to cover
9.3
Crowded exit
Float
33.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 26, 26 | Piper Sandler | DOWNGRADE | Overweight | Neutral |
| Aug 20, 26 | Stifel | MAINTAINED | Hold | Hold |
| Apr 14, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Apr 9, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Mar 31, 26 | Stifel | MAINTAINED | Hold | Hold |
| Feb 13, 26 | Stifel | MAINTAINED | Hold | Hold |
| Feb 13, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jan 29, 26 | Stifel | MAINTAINED | Hold | Hold |
| Jan 14, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Dec 19, 25 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Nov 18, 25 | Stifel | MAINTAINED | Hold | Hold |
| Aug 8, 25 | Stifel | MAINTAINED | Hold | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-06-15
Periodic Financial Reports
10-Q · 2026-04-30
Annual Report to Shareholders
ARS · 2026-04-27
Periodic Financial Reports
10-K · 2026-02-13
Corporate Changes & Voting Matters
8-K · 2026-02-12
Periodic Financial Reports
10-Q · 2025-11-06
Corporate Changes & Voting Matters
8-K · 2025-10-30
Headlines
TRUP Lags Industry, Trades at a Premium: What Should Investors Know?
Zacks · 6d ago
Primerica, Progressive, Allstate, and Trupanion Shares Are Falling, What You Need To Know
StockStory · 15d ago
3 Reasons TRUP is Risky and 1 Stock to Buy Instead
StockStory · 16d ago
Property & Casualty Insurance Stocks Q2 Results: Benchmarking Trupanion (NASDAQ:TRUP)
StockStory · 23d ago
Trupanion Searches for this Year’s “It Pets” With Return of Annual truFame Contest
GlobeNewswire · 27d ago
Trupanion (TRUP) Rebounds On Subscriber Narrative, Is The Valuation Gap Real?
Simply Wall St. · 33d ago
3 Small-Cap Stocks That Concern Us
StockStory · 33d ago
3 Cash-Producing Stocks That Fall Short
StockStory · 34d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.