- Total revenue reached $384.0 million, up 12% year over year
- Subscription revenue grew 16% to $269.5 million
- Net income was $4.9 million, compared to a net loss in prior year
- Adjusted EBITDA increased to $17.4 million
- Total enrolled pets declined 2% to 1.64 million
- Subscription pet count rose 5% and average revenue per pet increased
Trupanion reported first-quarter 2026 revenue of $384.0 million, a 12% increase compared to the prior year, reflecting continued growth in its core subscription business.
Subscription revenue reached $269.5 million, up 16% year over year, supported by a 5% increase in subscription pet enrollment and higher average revenue per pet. Total enrolled pets across the business declined slightly to 1.64 million.
The company returned to profitability, reporting net income of $4.9 million, compared to a net loss in the same period last year. Adjusted EBITDA improved to $17.4 million, up from $12.2 million.
Cash generation remained solid, with $14.6 million in operating cash flow and $13.7 million in free cash flow during the quarter.
Information sourced from company press release.
