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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 131.15 Bn | 117.38 Bn | 9.13 Bn | - |
| 2 | Progressive | 128.80 Bn | 123.80 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 76.99 Bn | 53.24 Bn | 6.23 Bn | - |
| 4 | Allstate | 66.35 Bn | 27.62 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.82 Bn | 35.82 Bn | - | - |
| 6 | Cincinnati Financial | 26.40 Bn | 24.51 Bn | 2.39 Bn | - |
| 7 | Markel | 22.75 Bn | 5.86 Bn | 2.83 Bn | - |
| 8 | Loews | 22.37 Bn | 67.62 Mn | 2.57 Bn | - |
| 9 | Assurant | 14.04 Bn | 12.01 Bn | 2.71 Bn | - |
| 10 | Trupanion | 1.24 Bn | 843.89 Mn | 65.13 Mn | 22.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.81 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | 23.10 Mn |
| Sep 30, 2025 | 21.95 Mn |
| Jun 30, 2025 | 19.84 Mn |
| Mar 31, 2025 | 20.52 Mn |
| Dec 31, 2024 | 18.35 Mn |
| Sep 30, 2024 | 18.31 Mn |
| Jun 30, 2024 | 17.87 Mn |
| Mar 31, 2024 | 16.84 Mn |
| Dec 31, 2023 | 17.19 Mn |
| Sep 30, 2023 | 17.77 Mn |
| Jun 30, 2023 | 20.77 Mn |
| Mar 31, 2023 | 21.64 Mn |
| Dec 31, 2022 | 22.46 Mn |
| Sep 30, 2022 | 22.43 Mn |
| Jun 30, 2022 | 22.98 Mn |
| Mar 31, 2022 | 21.63 Mn |
| Dec 31, 2021 | 19.85 Mn |
| Sep 30, 2021 | 19.71 Mn |