Trupanion Inc 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____Commission File Number: 001-36537TRUPANION, INC.(Exact name of registrant as specified in its charter) 83-0480694 Delaware (State or other jurisdiction of incorporationor organization) (I.R.S. Employer Identification Number) 6100 4th Avenue S, Suite 200Seattle,Washington 98108 (855) 727 - 9079 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading SymbolName of each exchange on which registeredCommon stock, $0.00001 par value per shareTRUPThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. ☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). ☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒NoAs of July 29, 2026, there were approximately 43,872,611 shares of the registrant’s common stock outstanding. TRUPANION, INC.TABLE OF CONTENTS PagePART I - FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures41PART II - OTHER INFORMATIONItem 1.Legal Proceedings42Item 1A.Risk Factors42Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42Item 3.Defaults Upon Senior Securities43Item 4.Mine Safety Disclosures43Item 5.Other Information43Item 6.Exhibits44Signatures45 Note About Forward-Looking Statements This Quarterly Report on Form 10-Q of Trupanion, Inc. contains forward-looking statements within the meaning of the federalsecurities laws. The words “believe,” “may,” “will,” “potentially,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “could,”“would,” “project,” “plan” and “expect,” and similar expressions that convey uncertainty of future events or outcomes, are intended toidentify forward-looking statements. These and other forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, withoutlimitation, those discussed in our Annual Report on Form 10-K for the fiscal year ended December31, 2025 filed with the Securitiesand Exchange Commission on February 13, 2026, in particular the risk factors discussed under the heading "Risk Factors" in Part I,Item 1A. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It isnot possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to whichany factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-lookingstatements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstancesdiscussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from thoseanticipated or implied in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. We undertake no obligation to update publicly anyforward-looking statements for any reason, except as required by law. Unless otherwise stated or the context otherwise indicates, references to “we,” “us,” “our” and similar references refer to Trupanion,