---
schema_version: "secwatch.filing_event.v1"
accession: "0001371285-25-000247"
form_type: "8-K"
ticker: "TRUP"
cik: "0001371285"
company_name: "TRUPANION, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:34:16.715525+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Trupanion Q3 2025 revenue $366.9M, net income $5.9M, secures $120M credit facility

## Summary
- Total revenue $366.9M, up 12% vs Q3 2024; subscription revenue $252.7M, up 15%.
- Net income $5.9M ($0.14 per share) vs $1.4M in Q3 2024; adjusted EBITDA $19.6M vs $14.5M.
- Operating cash flow $29.2M and free cash flow $23.9M in Q3 2025.
- Entered new $120M credit agreement with PNC Bank ($100M term loan, $20M revolving) to repay prior facility.
- Subscription enrolled pets up 5% to 1,082,412; total enrolled pets 1,654,414.

## SEC filing metadata
- accession: 0001371285-25-000247
- form_type: 8-K
- ticker: TRUP
- cik: 0001371285
- company_name: TRUPANION, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1371285/000137128525000247/0001371285-25-000247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1371285/000137128525000247/trup-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001371285-25-000247
- JSON: https://secwatch.observer/filing/0001371285-25-000247.json
- Plain text: https://secwatch.observer/filing/0001371285-25-000247.txt

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