Trupanion (TRUP) Operating Expenses (2013 - 2026)

Trupanion (TRUP) posted Operating Expenses of $56.7 million for Q1 2026, down 2.03% quarter-over-quarter from $57.9 million in Q4 2025, and up 8.5% year-on-year from $52.3 million in Q1 2025.

Trupanion (TRUP) Operating Expenses (2013 - 2026) Analysis & Trends

Trupanion (TRUP) has reported Operating Expenses for 14 consecutive years, with $56.7 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $56.7 million, up 8.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $221.3 million (up 11.69% YoY), and the FY2025 annual result was $216.9 million, up 15.28% from the prior year.
  • Operating Expenses was $56.7 million for Q1 2026 at Trupanion, down from $57.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $57.9 million in Q4 2025 and troughed at $38.7 million in Q3 2023.
  • Average Operating Expenses over 5 years is $46.9 million, with a median of $45.7 million recorded in 2024.
  • The widest YoY moves for Operating Expenses: up 32.85% in 2024, down 16.75% in 2024.
  • Over 5 years, Operating Expenses stood at $42.8 million in 2022, then retreated by 7.49% to $39.6 million in 2023, then soared by 32.85% to $52.6 million in 2024, then increased by 10.11% to $57.9 million in 2025, then retreated by 2.03% to $56.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $56.7 million in Q1 2026, $57.9 million in Q4 2025, and $54.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn 3.10 Bn
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn 18.62 Bn
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 11.78 Bn
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 2.54 Bn
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 9.81 Bn
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 13.83 Bn
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -108.20 Mn
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn 4.09 Bn
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 17.90 Mn
10 Trupanion 1.14 Bn 754.01 Mn 61.49 Mn 56.71 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 56.71 Mn
Dec 31, 2025 57.89 Mn
Sep 30, 2025 54.20 Mn
Jun 30, 2025 52.51 Mn
Mar 31, 2025 52.27 Mn
Dec 31, 2024 52.58 Mn
Sep 30, 2024 47.60 Mn
Jun 30, 2024 45.69 Mn
Mar 31, 2024 42.26 Mn
Dec 31, 2023 39.58 Mn
Sep 30, 2023 38.73 Mn
Jun 30, 2023 42.39 Mn
Mar 31, 2023 50.76 Mn
Dec 31, 2022 42.78 Mn
Sep 30, 2022 41.90 Mn
Jun 30, 2022 41.31 Mn
Mar 31, 2022 38.94 Mn
Dec 31, 2021 36.28 Mn
Sep 30, 2021 35.29 Mn
Jun 30, 2021 34.06 Mn