Trupanion (TRUP) Research & Development (2013 - 2026)
Trupanion (TRUP) posted Research & Development of $12.75 million for Q2 2026, up 48.5% from $8.59 million a year earlier and up 12.9% from the prior quarter.
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Analysis
Trupanion (TRUP) Research & Development (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Trupanion was $45.24 million, up 38.1% year-over-year; for FY2025, it was $37.85 million, up 21.1% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 30.6% (FY2020 to FY2025).
- In prior years, Trupanion's Research & Development was $31.26 million in FY2024 (+46.0%), $21.4 million in FY2023 (-14.8%), $25.13 million in FY2022 (+49.0%) and $16.87 million in FY2021 (+69.6%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q2 2013.
- On a year-over-year basis, Research & Development has increased in each of the last ten quarters, with growth averaging 32.3% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2021, with growth of 81.0%; the weakest was Q3 2023, with a decline of 19.1%.
- According to Business Quant data, Research & Development for the three prior quarters was $11.29 million (Q1 2026), $11.3 million (Q4 2025) and $9.89 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | - |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | - |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | - |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | - |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | - |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | - |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | - |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | - |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | - |
| 10 | Trupanion | 1.04 Bn | -465.61 Mn | 65.13 Mn | 12.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.75 Mn |
| Mar 31, 2026 | 11.29 Mn |
| Dec 31, 2025 | 11.30 Mn |
| Sep 30, 2025 | 9.89 Mn |
| Jun 30, 2025 | 8.59 Mn |
| Mar 31, 2025 | 8.07 Mn |
| Dec 31, 2024 | 8.17 Mn |
| Sep 30, 2024 | 7.93 Mn |
| Jun 30, 2024 | 8.19 Mn |
| Mar 31, 2024 | 6.96 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 | 6.96 Mn |
| Sep 30, 2022 | 6.55 Mn |
| Jun 30, 2022 | 6.40 Mn |
| Mar 31, 2022 | 5.23 Mn |
| Dec 31, 2021 | 4.67 Mn |
| Sep 30, 2021 | 4.39 Mn |
API Access
Trupanion Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TRUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TRUP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TRUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();