Trupanion Q2 net income $9.4M, revenue $353.6M, subscription revenue up 16%

TRUPANION, INC.

2025-Q2 EPS reported $0.18 revenue$695,532,000

Total revenue $353.6M, up 12% YoY; subscription revenue $242.2M, up 16% YoY.
Net income $9.4M ($0.22/share) vs net loss $(5.9M) in Q2 2024; Adj. EBITDA $16.6M vs $7.4M.
Subscription enrolled pets up 4% YoY to 1,066,354; total enrolled pets down 2% to 1,660,455.
Operating cash flow $15.0M, free cash flow $12.0M in Q2 2025 vs $6.9M and $4.0M prior year.
Cash and investments $319.6M; CEO calls quarter 'one of the strongest in history.'

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