---
schema_version: "secwatch.filing_event.v1"
accession: "0001371285-24-000116"
form_type: "8-K"
ticker: "TRUP"
cik: "0001371285"
company_name: "TRUPANION, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:13:20.004314+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trupanion Q1 revenue +19% to $306M, net loss narrows; CEO Rawlings to step down, Tooth appointed

## Summary
- Total revenue $306.1M (+19% YoY); subscription revenue $201.1M (+22% YoY) with enrolled pets up 11%.
- Net loss $6.9M ($0.16 loss per share) vs $24.8M loss ($0.60) in Q1 2023; Adjusted EBITDA $4.8M vs -$4.9M.
- Free cash flow -$0.6M vs -$12.0M; cash $275.2M; insurance surplus $256.7M vs RBC requirement of $153.3M.
- Founder/CEO Darryl Rawlings to step down Aug 1, remains Chair; President Margi Tooth appointed CEO effective Aug 1, to join Board.
- Rawlings enters consulting agreement for pet food program with $200k annual fee.

## SEC filing metadata
- accession: 0001371285-24-000116
- form_type: 8-K
- ticker: TRUP
- cik: 0001371285
- company_name: TRUPANION, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1371285/000137128524000116/0001371285-24-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1371285/000137128524000116/trup-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001371285-24-000116
- JSON: https://secwatch.observer/filing/0001371285-24-000116.json
- Plain text: https://secwatch.observer/filing/0001371285-24-000116.txt

## Key facts
- Earnings Releases
  TRUPANION, INC. reported the first quarter ended March 31, 2024 results: revenue $306.1 million, net income $(6.9) million, or $(0.16) per basic and diluted share, EPS $(0.16) per basic and diluted share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $306.1 million
  - Net income: $(6.9) million, or $(0.16) per basic and diluted share
  - EPS: $(0.16) per basic and diluted share
  - Result: reported results
  source text: generation with the intention of gradually increasing our spending on growth as our margins expand." First Quarter 2024 Financial and Business Highlights • Total revenue was $306.1 million, an increase of 19% compared to the first quarter of 2023. • Total enrolled pets (including pets from our other business segment) was 1,708,017 at March 31, 2024, an increase of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128524000116/0001371285-24-000116-index.htm
- Executive change
  Darryl Rawlings resigned as Chief Executive Officer at TRUPANION, INC..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: submitted his resignation as CEO, effective August 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128524000116/0001371285-24-000116-index.htm
- Executive change
  Margaret Tooth was appointed as Chief Executive Officer at TRUPANION, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board appointed Margaret ("Margi") Tooth, the Company's President, as the CEO, to be effective as of August 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1371285/000137128524000116/0001371285-24-000116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.