Short answer
TRUPANION, INC. (TRUP) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $393M (up 11.1% year over year) with net income of $7M.
Q2 2026 key financials · XBRL
- Revenue
- $393M
- +11.1% YoY · +2.3% QoQ
- Net income
- $7M
- −27.4% YoY · +40.0% QoQ
- Operating margin
- 1.6%
- EPS (diluted)
- $0.16
- −23.8% YoY · +45.5% QoQ
Source: XBRL data from the TRUPANION, INC. (TRUP) Q2 2026 10-Q on SEC EDGAR. USD.
TRUPANION, INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Subscription pets 1,124,548 vs 1,066,354 YoY; monthly revenue per pet $87.44 vs $79.93
- Subscription veterinary costs 70.2% of revenue vs 71.1% YoY; variable expenses 9.0% vs 9.1%
- Best segment subscription business; other business targets significantly lower margins, with Pets Best relationship ending after Q3 2028
- Headwinds: veterinary inflation, pricing-adjustment timing, rising PAC $299 vs $276, declining Pets Best enrollment
Risk Factors
- Newly added third-party underwriting risk: Pets Best premiums represented 30% of total revenue for 2025
- Most material update: Pets Best relationship ending after Q3 2028, with uncontrolled enrollment roll-off reducing revenue and diversification
- Compliance risk: Delayed or inaccurate third-party financial information could impair regulatory filings and audited financial statements
- Operational risk: Pets Best administration during roll-off may divert attention from the subscription business
- Financial risk: $100 million share-repurchase authorization may reduce cash reserves depending on execution
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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