Trupanion Reports 11% Revenue Growth in Q3
The pet insurer posted third quarter 2026 results, with total revenue reaching $405.6 million and subscription enrolled pets exceeding 1.1 million.
Updated on Nov. 5, 2026 in Pet Health
Trupanion reported third quarter 2026 financial results, with total revenue of $405.6 million, up 11% from the prior year. The company also repurchased approximately $25.0 million of its common stock during the quarter.
Why it matters
The results show continued growth in Trupanion's subscription business, which generated $287.9 million in revenue during the quarter. The buyback activity reflects the company's use of available cash under its $100.0 million repurchase authorization approved in June 2026.
Trupanion reported $28.5 million in free cash flow and $396.8 million in cash and short-term investments at September 30, 2026. The company's subscription enrolled pet count reached 1,145,160 at quarter end.
The players
Trupanion, Inc.
A Seattle-based pet insurance company that provides subscription-based coverage for pets in the United States, Canada, and certain countries in Continental Europe.
The details
Trupanion's third quarter 2026 net income was $9.3 million and adjusted EBITDA was $20.8 million. The company repaid $15.0 million on its PNC revolving credit facility in October 2026 and repurchased roughly 0.8 million shares during the quarter.
Timeline
June 2026: Board authorized a $100.0 million share repurchase program.
September 30, 2026: Quarter end; $75.0 million remained under the repurchase program.
October 2026: $15.0 million repaid on the PNC revolving credit facility.
November 5, 2026: Trupanion announced third quarter 2026 results.
Industry Dynamics
Trupanion's 14% subscription revenue growth continues its expansion as a subscription-based pet insurer. The company's enrolled pet base now exceeds 1.1 million across its North American and European markets.
Pet owners considering subscription pet insurance can compare enrollment and coverage terms with providers in their area. The company's continued growth suggests its services remain available to new subscribers.
The takeaway
Trupanion's results show its subscription model continuing to grow while the company returns cash to shareholders. Readers comparing pet insurance options can use these reported figures as one data point among several.
Further reading
Explore more on Pet Health in our Seattle coverage.
