ETOR

MKT CAP:$3B

eToro Group Ltd.

Market Cap

$3B

Financial Services·Financial - Capital Markets·🇮🇱 Israel·NASDAQ

Financials·Financial·🇮🇱·NASDAQ

Stock Price

$37.29+$1.61 (+4.51%)

Apr 22, 2026

Company Details

eToro Group Ltd. is an Israeli-based financial technology company founded in 2007. It operates a multi-asset investment platform that combines social networking features with trading capabilities, allowing users to trade stocks, cryptocurre...

CEO

Jonathan Alexander Assia

IPO Date

May 14, 2025

Website

www.etoro.com

Key Metrics TTM

Revenue

$10.2B

-19.4% YoY

Net Income

$216M

EPS (Diluted)

$2.30

Free Cash Flow

$294M

Revenue / Share

$102.17

Gross Margin

8.5%

Operating Margin

2.6%

Net Margin

2.1%

FCF Margin

2.9%

P/S

0.3x

P/E

14.2x

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 2, 2026

$906M-92.8%EPS $2.27

Q4 2025

Mar 2, 2026

$238M-95.9%EPS $0.69

Q3 2025

Nov 10, 2025

$4.1B+163.7%EPS $0.57

Q2 2025

Aug 12, 2025

$2.1B+13.1%EPS $0.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 24	$3.4B	$206M	$80M
Q2 24	$1.8B	$172M	$42M
Q3 24	$1.6B	$172M	$50M
Q4 24	$5.8B	$130M	$99M
Q1 25	$3.8B	$222M	$75M
Q2 25	$2.1B	$210M	$42M
Q3 25	$4.1B	$215M	$72M
Q4 25	$238M	$219M	$78M

Valuation

Quarter	P/S	P/E
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	0.4x	26.6x
Q1 25	0.4x	27.2x
Q2 25	0.4x	29.0x
Q3 25	0.2x	16.4x
Q4 25	0.3x	13.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$51M	$49M
Q2 24	$72M	$72M
Q3 24	$80M	$80M
Q4 24	$66M	$65M
Q1 25	$90M	$89M
Q2 25	$61M	$60M
Q3 25	$42M	$40M
Q4 25	$107M	$105M

Capital Expenditures

Quarter	CapEx
Q1 24	$2M
Q2 24	$262.0K
Q3 24	$382.0K
Q4 24	$562.0K
Q1 25	$579.0K
Q2 25	$1M
Q3 25	$2M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+11.0%	+11.4%
Q2 25	+13.1%	+13.4%
Q3 25	+163.7%	+167.7%
Q4 25	-95.9%	-97.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$9M	0.3%
Q2 24	$9M	0.5%
Q3 24	$6M	0.4%
Q4 24	$3M	0.1%
Q1 25	$4M	0.1%
Q2 25	$4M	0.2%
Q3 25	$4M	0.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 24	$33M	$56M	$37M
Q2 24	$35M	$56M	$40M
Q3 24	$31M	$49M	$42M
Q4 24	$32M	—	$32M
Q1 25	$37M	$50M	$61M
Q2 25	$39M	$76M	$53M
Q3 25	$38M	$57M	$48M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$0	$0	$0
Q4 24	$3.6B	$65M	$3.6B
Q1 25	$660M	$76M	$736M
Q2 25	$988M	$200M	$1.2B
Q3 25	$1.1B	$131M	$1.2B
Q4 25	$1.1B	$203M	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 24	82M	—	—
Q2 24	82M	-0.0%	—
Q3 24	82M	0.0%	—
Q4 24	82M	+0.0%	—
Q1 25	82M	+0.0%	0.0%
Q2 25	97M	+18.4%	+18.4%
Q3 25	100M	+3.5%	+22.6%
Q4 25	100M	-0.8%	+21.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$238	1.0M

Revenue / Employee