Trupanion (TRUP) Research & Development (2013 - 2026)
Trupanion's (TRUP) quarterly Research & Development came in at $22.6 million in Q1 2026, up 180.12% YoY from $8.1 million in Q1 2025, and up 100.04% on a QoQ basis from $11.3 million in Q4 2025.
Trupanion (TRUP) Research & Development (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has 14 years of Research & Development data on file, last reported at $22.6 million in Q1 2026.
- Quarterly Research & Development rose 180.12% year-over-year to $22.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $64.4 million (up 432.22% YoY) and the FY2025 annual result came in at $37.8 million, up 21.09% from the prior year.
- Research & Development grew to $22.6 million in Q1 2026, from $11.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $23.0 million in Q2 2022 to a low of -$41.9 million in Q4 2022.
- A 5-year average of $8.2 million and a median of $8.6 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 410.91% in 2022, down 998.39% in 2022.
- Tracing TRUP's Research & Development over 5 years: stood at -$41.9 million in 2022, then jumped by 114.24% to $6.0 million in 2023, then slumped by 464.72% to -$21.8 million in 2024, then jumped by 151.92% to $11.3 million in 2025, then jumped by 100.04% to $22.6 million in 2026.
- The last three Research & Development figures came in at $22.6 million (Q1 2026), $11.3 million (Q4 2025), and $21.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.90 Bn | 121.13 Bn | 9.13 Bn | - |
| 2 | Progressive | 124.06 Bn | 119.06 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.33 Bn | 55.58 Bn | 4.83 Bn | - |
| 4 | Allstate | 67.38 Bn | 28.65 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.35 Bn | 35.35 Bn | - | - |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | - |
| 7 | Loews | 23.32 Bn | 1.02 Bn | 2.57 Bn | - |
| 8 | Markel | 23.18 Bn | 6.30 Bn | 2.83 Bn | - |
| 9 | Assurant | 14.03 Bn | 11.99 Bn | 2.71 Bn | - |
| 10 | Trupanion | 1.32 Bn | 918.24 Mn | 65.13 Mn | 22.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.81 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | 11.30 Mn |
| Sep 30, 2025 | 21.95 Mn |
| Jun 30, 2025 | 8.59 Mn |
| Mar 31, 2025 | 8.07 Mn |
| Dec 31, 2024 | -21.77 Mn |
| Sep 30, 2024 | 7.93 Mn |
| Jun 30, 2024 | 17.87 Mn |
| Mar 31, 2024 | 16.84 Mn |
| Dec 31, 2023 | 5.97 Mn |
| Sep 30, 2023 | 5.30 Mn |
| Jun 30, 2023 | 5.23 Mn |
| Mar 31, 2023 | 4.90 Mn |
| Dec 31, 2022 | -41.91 Mn |
| Sep 30, 2022 | 22.43 Mn |
| Jun 30, 2022 | 22.98 Mn |
| Mar 31, 2022 | 21.63 Mn |
| Dec 31, 2021 | 4.67 Mn |
| Sep 30, 2021 | 4.39 Mn |