TRUPTRUPANION, INC.
Hospital & Medical Service Plans
- Revenue
- $1.4B
- 12% YoY
- Operating margin
- 1.0%
- 230% YoY
- EBITDA
- $30M
- 327% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.6×
- −$48M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear460% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $699M | $905M | $1.1B | $1.3B | $1.4B | 12% |
| Operating income | −$35M | −$43M | −$41M | −$10M | $14M | 245% |
| Net income | −$36M | −$45M | −$45M | −$10M | $19M | 302% |
| Operating cash flow | $7M | −$8M | $19M | $48M | $89M | 85% |
| Capex | $12M | $17M | $18M | $10M | $14M | 45% |
| Stock-based comp | $28M | $33M | $33M | $33M | $38M | 15% |
| Buybacks | $0 | $6M | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $73K · 4
- Net
- −$73K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $3M | 31 | 167 |
| FY2024 | — | — | 131 | 189 |
| FY2023 | $322K | −$231K | 83 | 176 |
| FY2022 | $2M | −$4M | 129 | 106 |
| FY2021 | $5M | $6M | 359 | 176 |