Trupanion posts record quarterly profit as pet enrollment rises

SEATTLE - Pet health insurer Trupanion, Inc. (NASDAQ:TRUP) reported third-quarter net income of $5.9 million on Thursday, marking its highest quarterly profit while showing continued growth in its subscription pet base.

The company posted earnings of $0.14 per basic share and $0.13 per diluted share for the quarter ended September 30, 2025, compared to $1.4 million, or $0.03 per share, in the same period last year.

Total revenue rose 12% to $366.9 million, with subscription business revenue increasing 15% to $252.7 million compared to the third quarter of 2024.

Trupanion's subscription enrolled pets reached 1,082,412 at quarter-end, representing a 5% increase year-over-year, while total enrolled pets across all business segments stood at 1,654,414, reflecting a 2% decrease from the prior year.

"We delivered record quarterly profitability while accelerating subscription pet growth for the third consecutive quarter," said Margi Tooth, Chief Executive Officer and President of Trupanion.

The company reported adjusted EBITDA of $19.6 million, up from $14.5 million in the third quarter of 2024. Operating cash flow increased to $29.2 million from $15.3 million a year earlier, while free cash flow rose to $23.9 million from $13.4 million.

Trupanion also announced a new three-year $120 million credit facility with PNC Bank, replacing its previous facility with a lower interest rate. PNC Bank, a prominent player in the banking industry with a market cap of $71.92 billion, has maintained dividend payments for 55 consecutive years and currently offers a 3.69% dividend yield. According to InvestingPro analysis, PNC is trading at a P/E ratio of 11.86 and appears undervalued based on its Fair Value assessment. The company held $348.5 million in cash and short-term investments at the end of the quarter.

For the first nine months of 2025, Trupanion reported net income of $13.8 million, compared to a net loss of $11.3 million in the same period of 2024.

This article is based on a press release statement from Trupanion.

In other recent news, PNC Financial Services Group Inc. reported strong earnings for the third quarter of 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $4.35, outpacing the forecasted $4.04. Additionally, PNC Financial reported record revenue of $5.9 billion, exceeding the anticipated $5.83 billion. Despite these positive earnings results, investor concerns about future growth prospects were reflected in the stock's performance. In another development, PNC Bank announced a decrease in its prime lending rate to 7.00%, effective October 30, 2025. The prime rate serves as a benchmark for setting interest rates on various consumer and commercial loans. These recent developments indicate significant financial activities within the company.

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