Trupanion Posts 24% Q4 Revenue Growth to $212M, Expands Clinic Partnerships
Trupanion posted 24% year-over-year Q4 revenue growth to $212 million and narrowed its adjusted EBITDA loss to $1.2 million. The pet insurer added 17,500 new policies during the quarter and secured partnerships with 150 veterinary clinics to broaden its service footprint.
1. Q4 Revenue and Profitability
Trupanion reported Q4 2025 revenue of $212 million, marking a 24% increase year-over-year. The company narrowed its adjusted EBITDA loss to $1.2 million from a $5.0 million loss in the prior-year quarter.
2. Policy Growth and Retention
During Q4, Trupanion added 17,500 new pet insurance policies, increasing its total active policies to approximately 765,000. Policy retention improved to 87%, up from 84% a year earlier, reflecting stronger member engagement.
3. Strategic Clinic Partnerships
The company announced partnerships with 150 additional veterinary clinics, bringing new distribution channels and supporting direct payment capabilities. These alliances aim to enhance Pet & Owner experience and drive policy sales.
4. 2026 Outlook and Guidance
Trupanion raised its 2026 revenue guidance range to $820 million–$840 million from prior estimates of $810 million–$830 million. Management expects adjusted EBITDA to approach breakeven, targeting a positive margin by year-end.