Trupanion, Inc. (TRUP) company profile
Close on Nov 13, 2026Market cap $1.51BP/E 56.5Yield –
About Trupanion
Hospital & Medical Service Plans, SIC 6324
Trupanion, Inc. provides medical insurance plans for cats and dogs. The company operates through two main business segments: subscription business and other business. In its subscription segment, Trupanion offers direct-to-consumer medical insurance policies under the Trupanion brand, as well as products under brand names like Furkin and PHI Direct, alongside co-branded offerings marketed by third parties. Its other business segment provides commercial underwriting services for third-party insurance partners, employer-sponsored initiatives, and the U.S. Department of Veterans Affairs. Trupanion primarily serves pet owners, veterinary hospitals, and business-to-business corporate clients seeking pet health coverage solutions.
The company is headquartered in Seattle, Washington. Trupanion operates across the United States, Canada, and select countries in Continental Europe, with additional office locations in the United Kingdom, Germany, and Czechia. It employs over 1,100 people across North America and Europe, supported by independent territory partners, while also contracting with service personnel in India and the Philippines.
Summary of the business section of Trupanion's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Trupanion, Inc.
- Founded
- 2000
- Headquarters
- Seattle, WA
- Address
- 6100 4th Avenue South, Suite 400 98108
- Phone
- (888) 733-2685
- Website
- trupanion.com
- Employees
- 1,121, Dec 31, 2025
- Industry
- Hospital & Medical Service Plans
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Seattle, Washington
Stock & identifiers
- Ticker
- TRUP
- Exchange
- Nasdaq
- IPO date
- Jul 18, 2014
- Shares outstanding
- 44M, Jul 29, 2026
- Public float
- $1.32B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1371285
- CUSIP
- 898202106
- ISIN
- US8982021060
- FIGI
- BBG002BC7WC5
- Share class FIGI
- BBG002BC7WF2
- LEI
- 549300J86GFKIDGMQP18
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Margaret Tooth | CEO, Director | 182,952 |
| John R. Gallagher | Chief Operating Officer | 32,880 |
| Brenna McGibney | Chief Administration Officer | 14,274 |
| Simon Wheeler | EVP, Trupanion International | 25,327 |
| Asher Bearman | Chief Legal Officer | 74,013 |
| Steve Weinrauch | EVP, North Am & Vet Strategy | 81,481 |
| Fawwad Qureshi | Chief Financial Officer | 4,230 |
| Katherine Seawell | Chief Marketing Officer | – |
| Emily Dreyer | Chief Revenue Officer | 35,627 |
| Christopher J. Kearns | Chief Legal Officer | 12,794 |
| Jason Wasdin | General Manager | 4,478 |
| Melissa Joy Hewitt | General Manager | 9,477 |
| Kalpesh Raval | General Manager | 3,513 |
| Travis Worra | General Manager | 3,987 |
| Murray B. Low | Director | 302,531 |
| Howard E. Rubin | Director | 203,288 |
| Darryl Rawlings | Director | 1,460,491 |
| Bradley S. Powell | Director | 3,546 |
| Paulette R. Dodson | Director | 8,526 |
| Elizabeth McLaughlin | Director | 10,635 |
| Max Broden | Director | 8,571 |
| Jacqueline L. Davidson | Director | 16,564 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Darryl Rawlings | $0 | $0 | $2.14M | $31 | $167 |
| FY2025 Margi Tooth | $4.11M | $2.58M | $2.14M | $31 | $167 |
| FY2024 Darryl Rawlings | $1.70M | $2.98M | $1.40M | $131 | $189 |
| FY2024 Margi Tooth | $4.41M | $6.56M | $1.40M | $131 | $189 |
| FY2023 | $321.90K | -$231.46K | $705.74K | $83 | $176 |
| FY2022 | $1.66M | -$4.04M | $3.47M | $129 | $106 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Total | vs. prior year |
|---|---|---|---|---|---|
| Margi Tooth Chief Executive Officer, President | $641.67K | $2.43M | $1.04M | $4.11M | -7% |
| Fawwad Qureshi Chief Financial Officer | $436.67K | $2.04M | $641.90K | $3.12M | +220% |
| John Gallagher Chief Operating Officer | $375.00K | $1.30M | $413.44K | $2.08M | +33% |
| Emily Dreyer Chief Revenue Officer | $317.50K | $1.01M | $280.04K | $1.61M | – |
| Dr. Steve Weinrauch Chief Product & Veterinary Officer | $327.50K | $1.14M | $288.86K | $1.76M | +105% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Jul 18, 2014
- Offer price
- $10.00
- Securities offered
- 7,125,000
- Gross proceeds
- $71.25M
- Exchange
- NYSE
- First trading day
- Jul 18, 2014
- First-day close
- $11.40+14.0%
- Lock-up ends (est.)
- Jan 14, 2015
“PER SHARE TOTAL Public Offering Price $ 10.00 $ 71,250,000 Underwriting Discounts and Commissions (1) $ 0.70 $ 4,987,500 Proceeds to Trupanion, Inc.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 1,121 people across the U.S., Canada and Europe, with women representing 63% of leadership positions.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 14, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 16, 2016 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jun 16, 2016 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 6, 2016 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 18, 2014 | IPO | Initial public offering priced (424B4 prospectus) |
| Jul 11, 2014 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 9, 2011 | Name change | Name changed from VETINSURANCE INTERNATIONAL INC to TRUPANION INC. |
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