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| Date | Value |
|---|---|
| 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 |