Trupanion Sets 2026 Adjusted Operating Income Range at $179 Million to $182 Million

Trupanion set its 2026 adjusted operating income outlook at $179 million to $182 million, alongside a revenue forecast of $1.59 billion to $1.597 billion, as it develops a digital product planned for summer 2027.

Third-quarter revenue grew 11% from a year earlier, and adjusted operating income totaled $47 million. Net new pet additions increased more than 28%. Customer retention improved for a seventh consecutive quarter, while acquisition spending per pet declined modestly.

Management linked improved customer conversion to expanded coinsurance and deductible options, technology, user experience and artificial intelligence tools. It expects veterinary cost inflation to remain in double digits, including in 2027.

Trupanion repurchased about $25 million of its shares during the quarter and repaid $15 million in debt after the quarter ended. The company retained flexibility to invest in its business.