Annual Report
Filed: 2026-02-13
Key Insights
- Trupanion's revenue grew by 18% year-over-year in 2025, driven by strong subscriber growth in the subscription business segment.
- The company's gross margin decreased by 2 percentage points in 2025 due to higher claims expenses, indicating potential pricing or cost control challenges.
- Trupanion increased its research and development spending by 25% in 2025, suggesting a focus on innovation and product enhancements.