Trupanion (TRUP) Operating Expenses (2013 - 2026)
Trupanion's (TRUP) quarterly Operating Expenses came in at $56.7 million in Q1 2026, up 8.5% YoY from $52.3 million in Q1 2025, and down 2.03% on a QoQ basis from $57.9 million in Q4 2025.
Trupanion (TRUP) Operating Expenses (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has 14 years of Operating Expenses data on file, last reported at $56.7 million in Q1 2026.
- Quarterly Operating Expenses rose 8.5% year-over-year to $56.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $221.3 million (up 11.69% YoY) and the FY2025 annual result came in at $216.9 million, up 15.28% from the prior year.
- Operating Expenses slipped to $56.7 million in Q1 2026, from $57.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $57.9 million in Q4 2025 to a low of $38.7 million in Q3 2023.
- A 5-year average of $46.9 million and a median of $45.7 million in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 32.85% in 2024, down 16.75% in 2024.
- Tracing TRUP's Operating Expenses over 5 years: stood at $42.8 million in 2022, then dropped by 7.49% to $39.6 million in 2023, then soared by 32.85% to $52.6 million in 2024, then advanced by 10.11% to $57.9 million in 2025, then dropped by 2.03% to $56.7 million in 2026.
- The last three Operating Expenses figures came in at $56.7 million (Q1 2026), $57.9 million (Q4 2025), and $54.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.25 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.60 Bn | 119.60 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 67.73 Bn | 29.00 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.79 Bn | 24.90 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.32 Bn | 1.02 Bn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.12 Bn | 12.09 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Trupanion | 1.33 Bn | 933.10 Mn | 65.13 Mn | 58.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 58.76 Mn |
| 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 |