EHTH

MKT CAP:$58M

eHealth, Inc.

Market Cap

$58M

Financial Services·Insurance - Brokers·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$1.93-$2.33 (-54.81%)

Apr 21, 2026

Company Details

eHealth, Inc. operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Individual, Family and S...

CEO

Derrick Anthony Duke

IPO Date

Oct 20, 2006

Website

www.ehealthinsurance.com

Key Metrics TTM

Revenue

$543M

+16.8% YoY

Net Income

$50M

EPS (Diluted)

$0.04

Free Cash Flow

-$30M

Revenue / Share

$17.72

Gross Margin

100.0%

Operating Margin

9.7%

Net Margin

9.3%

FCF Margin

-5.5%

P/S

0.1x

P/E

1.1x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

FY 2025

Feb 26, 2026

$554M+4.1%EPS -$0.34

Q3 2025

Nov 5, 2025

$54M-7.8%EPS -$1.46

Q2 2025

Aug 7, 2025

$61M-7.7%EPS -$0.98

Q1 2025

May 7, 2025

$113M+21.7%EPS -$0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$244M	$243M	-$34M
Q1 22	$105M	$105M	-$40M
Q2 22	$50M	$50M	-$45M
Q3 22	$53M	$53M	-$48M
Q4 22	$196M	$195M	$31M
Q1 23	$74M	$74M	-$23M
Q2 23	$67M	$67M	-$26M
Q3 23	$65M	$65M	-$39M
Q4 23	$248M	$247M	$59M
Q1 24	$93M	$93M	-$18M
Q2 24	$66M	$66M	-$28M
Q3 24	$58M	$58M	-$43M
Q4 24	$315M	$315M	$113M
Q1 25	$113M	$113M	$5M
Q2 25	$61M	$61M	-$23M
Q3 25	$54M	$54M	-$42M

Valuation

Quarter	P/S	P/E
Q4 21	0.1x	—
Q1 22	0.1x	—
Q2 22	0.1x	—
Q3 22	0.1x	—
Q4 22	0.1x	—
Q1 23	0.2x	—
Q2 23	0.1x	—
Q3 23	0.1x	—
Q4 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.1x	—
Q3 24	0.1x	—
Q4 24	0.1x	5.7x
Q1 25	0.1x	2.0x
Q2 25	0.1x	1.5x
Q3 25	0.1x	1.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$102M	-$107M
Q1 22	$47M	$43M
Q2 22	-$26M	-$30M
Q3 22	-$30M	-$34M
Q4 22	-$19M	-$21M
Q1 23	$61M	$59M
Q2 23	-$9M	-$12M
Q3 23	-$25M	-$29M
Q4 23	-$33M	-$35M
Q1 24	$71M	$68M
Q2 24	-$32M	-$35M
Q3 24	-$29M	-$33M
Q4 24	-$28M	-$31M
Q1 25	$77M	$77M
Q2 25	-$41M	-$47M
Q3 25	-$25M	-$29M

Capital Expenditures

Quarter	CapEx
Q4 21	$5M
Q1 22	$4M
Q2 22	$4M
Q3 22	$4M
Q4 22	$3M
Q1 23	$2M
Q2 23	$2M
Q3 23	$4M
Q4 23	$2M
Q1 24	$2M
Q2 24	$3M
Q3 24	$4M
Q4 24	$3M
Q1 25	$308.0K
Q2 25	$6M
Q3 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-17.0%	+29.6%
Q1 22	-21.6%	+7.5%
Q2 22	-47.8%	-21.3%
Q3 22	-16.5%	-21.8%
Q4 22	-19.4%	-40.3%
Q1 23	-30.0%	-33.4%
Q2 23	+32.5%	-3.1%
Q3 23	+21.2%	+2.4%
Q4 23	+26.2%	+13.7%
Q1 24	+26.1%	+14.8%
Q2 24	-1.4%	+1.0%
Q3 24	-9.7%	-2.4%
Q4 24	+27.3%	+7.6%
Q1 25	+21.7%	-2.3%
Q2 25	-7.7%	-10.6%
Q3 25	-7.8%	-6.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$8M	3.3%
Q1 22	$5M	5.0%
Q2 22	$6M	10.9%
Q3 22	$5M	9.6%
Q4 22	$4M	2.2%
Q1 23	$5M	6.8%
Q2 23	$6M	9.3%
Q3 23	$7M	10.1%
Q4 23	$5M	2.2%
Q1 24	$6M	6.0%
Q2 24	$5M	7.8%
Q3 24	$4M	7.7%
Q4 24	$5M	1.5%
Q1 25	$4M	3.3%
Q2 25	$4M	6.4%
Q3 25	$4M	7.3%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$18M	$133M
Q1 22	$20M	$58M
Q2 22	$17M	$30M
Q3 22	$17M	$31M
Q4 22	$17M	$76M
Q1 23	$24M	$33M
Q2 23	$25M	$23M
Q3 23	$23M	$29M
Q4 23	$23M	$88M
Q1 24	$20M	$39M
Q2 24	$22M	$27M
Q3 24	$20M	$30M
Q4 24	$27M	$96M
Q1 25	$17M	$41M
Q2 25	$22M	$21M
Q3 25	$22M	$24M

Revenue Segments

Quarter	Ancillaries	Commission Bonus	Individual and Family	Medicare	Product and Service, Other	Small Business
Q4 21	$4M	$1M	$5M	$204M	$26M	$3M
Q1 22	$3M	-$1M	$3M	$86M	$11M	$3M
Q2 22	$3M	$998.0K	$3M	$39M	$3M	$2M
Q3 22	$3M	-$124.0K	$3M	$41M	$4M	$3M
Q4 22	$3M	$2M	$9M	$153M	$26M	$3M
Q1 23	$2M	-$2M	$4M	$59M	$6M	$5M
Q2 23	$3M	$781.0K	$5M	$48M	$7M	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$221M	$11M	$232M
Q2 22	$195M	$4M	$199M
Q3 22	$160M	$4M	$165M
Q4 22	$144M	$0	$144M
Q1 23	$181M	$22M	$203M
Q2 23	$153M	$37M	$190M
Q3 23	$152M	$8M	$161M
Q4 23	$116M	$6M	$122M
Q1 24	$175M	$14M	$189M
Q2 24	$126M	$25M	$151M
Q3 24	$64M	$54M	$118M
Q4 24	$39M	$43M	$82M
Q1 25	$121M	$34M	$156M
Q2 25	$66M	$39M	$105M
Q3 25	$63M	$12M	$75M
Q4 25	$74M	$3M	$77M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	27M	+1.0%	-0.5%
Q1 22	27M	+0.8%	+2.5%
Q2 22	27M	-0.0%	+2.2%
Q3 22	27M	+0.3%	+2.1%
Q4 22	28M	+0.8%	+1.8%
Q1 23	28M	+0.3%	+1.4%
Q2 23	28M	+0.6%	+2.0%
Q3 23	28M	+1.0%	+2.8%
Q4 23	29M	+4.5%	+6.6%
Q1 24	29M	-1.6%	+4.6%
Q2 24	29M	+1.1%	+5.1%
Q3 24	29M	+0.9%	+4.9%
Q4 24	31M	+3.6%	+4.0%
Q1 25	30M	-1.8%	+3.8%
Q2 25	30M	+1.4%	+4.0%
Q3 25	31M	+0.8%	+3.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$102.4K	2K
Q1 22	$44.2K	2K
Q2 22	$21.2K	2K
Q3 22	$22.4K	2K
Q4 22	$129.6K	2K
Q1 23	$48.7K	2K
Q2 23	$44.1K	2K
Q3 23	$42.7K	2K
Q4 23	$130.1K	2K
Q1 24	$48.9K	2K
Q2 24	$34.6K	2K
Q3 24	$30.7K	2K
Q4 24	$177.8K	2K
Q1 25	$63.8K	2K
Q2 25	$34.3K	2K
Q3 25	$30.4K	2K

Revenue / Employee