Trupanion (TRUP) Balance Sheet: Assets & Liabilities

Trupanion (TRUP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Trupanion reported total assets of $915.04M and total liabilities of $531.11M. Shareholders' equity was $383.94M, up 18.8% from $323.27M a year earlier. Total debt stood at $111.78M against $370.73M in cash and short-term investments, a net cash position of $258.95M. That puts debt-to-equity at 0.29, compared with 0.40 a year earlier.

Trupanion Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Trupanion, Inc. (TRUP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	138.02	160.30	147.50	65.61	87.40	139.88	29.17	26.55	25.71
Short-Term Investments	232.71	147.09	129.67	156.80	126.01	89.86	69.73	54.56	37.59
Cash & Short-Term Investments	370.73	307.38	277.17	222.41	213.41	229.74	98.90	81.11	63.30
Accounts Receivable	301.95	274.03	267.90	232.44	165.22	99.07	54.41	31.57	20.37
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	-232.71	15.91	17.02	14.25	12.33	8.22	5.51	5.30	2.90
Total Current Assets	439.97	597.33	562.09	469.10	390.95	337.03	158.82	117.98	86.56
Non-Current Assets
Property, Plant & Equipment (Net)	104.84	102.19	103.65	90.70	77.95	72.60	70.37	69.80	7.87
Long-Term Investments	0.98	0.37	12.87	7.84	7.06	5.57	4.32	3.55	3.24
Goodwill	39.38	36.97	43.71	41.98	32.71	33.05	0.00	0.00	0.00
Intangible Assets	24.10	13.18	18.75	24.03	22.66	27.13	7.73	8.07	4.97
Other Non-Current Assets	305.76	56.81	41.89	37.98	31.25	22.88	15.95	8.11	3.22
Total Non-Current Assets	475.08	209.53	220.86	202.53	171.63	161.22	98.38	89.53	19.30
Total Assets	915.04	806.85	782.95	671.63	562.58	498.25	257.20	207.51	105.86
Current Liabilities
Accounts Payable	16.45	11.53	10.51	9.47	8.95	6.06	4.09	2.77	2.72
Short-Term Debt	10.00	1.35	1.35	1.10	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	10.00	1.35	1.35	1.10	-	-	-	-	-
Accrued Liabilities	56.51	33.47	34.05	32.62	28.16	-	-	-	-
Deferred Revenue	0.00	251.64	235.33	202.69	146.91	92.55	52.55	33.03	22.73
Other Current Liabilities	383.37	85.10	97.29	76.35	67.83	51.79	34.99	27.41	20.42
Total Current Liabilities	409.81	349.63	344.47	289.62	223.70	150.40	91.63	63.20	45.87
Non-Current Liabilities
Long-Term Debt	101.78	127.54	127.58	68.35	0.00	0.00	26.09	12.86	9.32
Deferred Tax Liabilities	1.51	1.95	2.69	3.39	2.83	4.71	1.12	1.00	1.00
Other Non-Current Liabilities	18.00	4.48	4.49	4.97	3.86	3.21	1.61	1.27	1.23
Total Non-Current Liabilities	121.30	133.96	134.75	76.71	6.69	7.91	28.82	15.13	11.56
Total Liabilities	531.11	483.59	479.23	366.33	230.38	158.31	120.44	78.34	57.43
Stockholders' Equity
Retained Earnings	-206.46	-225.89	-216.26	-171.56	-126.89	-91.36	-85.52	-83.71	-82.78
Accumulated Other Comprehensive Income	2.10	-2.61	0.40	-6.30	3.08	3.07	0.25	-0.75	-0.09
Treasury Stock	16.53	16.53	16.53	16.53	-	-	-	-	-
Additional Paid-in Capital	588.29	568.30	536.11	483.16	456.01	428.23	222.03	213.64	131.31
Shares Outstanding	43.40	42.49	41.86	41.01	-	-	-	-	-
Total Stockholders' Equity	383.94	323.27	303.72	305.30	332.20	339.94	136.76	129.17	48.43
Total Liabilities & Equity	915.04	806.85	782.95	671.63	562.58	498.25	257.20	207.51	105.86

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Trupanion Balance Sheet

How much debt does Trupanion have?

Trupanion had total debt of $111.78M as of Dec 31, 2025, against $370.73M in cash and short-term investments. Its debt-to-equity ratio was 0.29. Total debt was $128.89M a year earlier.

What are Trupanion's total assets?

Trupanion reported total assets of $915.04M as of Dec 31, 2025, up 13.4% from $806.85M a year earlier. Total liabilities were $531.11M.

What is Trupanion's shareholders' equity?

Trupanion's shareholders' equity was $383.94M as of Dec 31, 2025, or about $8.85 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition