Trupanion Valuation Multiples

Trupanion Overview

About Trupanion

Trupanion Inc is a specialty insurance products provider in the United States. Its core business is the sale of insurance products tailor-made for pets, especially cats and dogs. It operates in two business segments: The subscription business segment generates revenue majorly from subscription fees related to the company's direct-to-consumer products and Other business segment is comprised of revenue from other product offerings that generally have a business-to-business relationship and a different margin profile than subscription business segment, including revenue from writing policies on behalf of third parties and revenue from other products and software solutions. Geographically, the company operates in United States, which derives maximum revenue; and Canada and Others.

Founded

2000

HQ

Employees

1.1K

Website

trupanion.com

Sectors

Insurance CarriersNeoinsuranceFinTechHealthTechInsurTech

Financials (LTM)

Revenue: $1B

EBITDA: $74M

EV

$966M

Valuation Multiples

Multiples.vc

Start free trial

Trupanion Financials

Trupanion reported last 12-month revenue of $1B and EBITDA of $74M.

In the same LTM period, Trupanion generated $240M in gross profit, $74M in EBITDA, and $21M in net income.

Trupanion P&L

In the most recent fiscal year, Trupanion reported revenue of $1B and EBITDA of $74M.

Trupanion expects next 12-month revenue of XXX and NTM EBITDA of XXX

Trupanion Stock Performance

Trupanion has current market cap of $1B, and enterprise value of $966M.

Trupanion's stock price is $28.20.

Trupanion Valuation Multiples

Trupanion trades at 0.7x EV/Revenue multiple, and 13.0x EV/EBITDA.

Trupanion Financial Valuation Multiples

As of April 19, 2026, Trupanion has market cap of $1B and EV of $966M.

Equity research analysts estimate Trupanion's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Trupanion has a P/E ratio of 58.2x.

Trupanion Margins & Growth Rates

Trupanion's revenue in the last 12 month grew by 9%.

Trupanion's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.1M for the same period.

Trupanion's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Trupanion's rule of X is 29% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Trupanion Public Comps

See public comps and valuation multiples for other Insurance Carriers and Neoinsurance comps.

Trupanion M&A Activity

Trupanion acquired XXX companies to date.

Last acquisition by Trupanion was on XXXXXXXX, XXXXX. Trupanion acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Trupanion Investment Activity

Trupanion invested in XXX companies to date.

Trupanion made its latest investment on XXXXXXXX, XXXXX. Trupanion invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).