Ehealth Inc Financials
This page shows Ehealth Inc (EHTH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability has turned sharply positive, but cash conversion remains negative, showing the business is improving faster on paper than in cash.
Over the last two fiscal years, operating margin moved from-6.4% to12.0% while overhead stayed essentially flat, so the turnaround appears to come from better fixed-cost absorption and margin recovery rather than a new spending wave. Yet earnings quality is still incomplete: FY2025 net income was$40.0M but operating cash flow was-$25.3M , meaning reported profit still has not become internally generated cash.
Gross profit dollars expanded much faster than sales, climbing from
Capital intensity is very low: capex was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Ehealth Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ehealth Inc has an operating margin of 12.0%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from 4.4% the prior year.
Ehealth Inc's revenue grew a modest 4.1% year-over-year to $554.0M. This slow but positive growth earns a score of 51/100.
Ehealth Inc carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.37, Ehealth Inc holds $3.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
While Ehealth Inc generated -$25.3M in operating cash flow, capex of $2.3M consumed most of it, leaving -$27.6M in free cash flow. This results in a low score of 15/100, reflecting heavy capital investment rather than weak cash generation.
Ehealth Inc generates a 6.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is up from 1.7% the prior year.
Ehealth Inc scores 0.92, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Ehealth Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ehealth Inc generates $-0.63 in operating cash flow (-$25.3M OCF vs $40.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ehealth Inc earns $6.2 in operating income for every $1 of interest expense ($66.5M vs $10.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Ehealth Inc generated $554.0M in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.
Ehealth Inc's EBITDA was $68.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 167.6% from the prior year.
Ehealth Inc reported $40.0M in net income in fiscal year 2025. This represents an increase of 296.0% from the prior year.
Ehealth Inc earned $-0.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 71.4% from the prior year.
Cash & Balance Sheet
Ehealth Inc generated -$27.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 34.9% from the prior year.
Ehealth Inc held $73.7M in cash against $113.0M in long-term debt as of fiscal year 2025.
Ehealth Inc had 31M shares outstanding in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Margins & Returns
Ehealth Inc's gross margin was 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.3 percentage points from the prior year.
Ehealth Inc's operating margin was 12.0% in fiscal year 2025, reflecting core business profitability. This is up 7.6 percentage points from the prior year.
Ehealth Inc's net profit margin was 7.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.
Ehealth Inc's ROE was 6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.
Capital Allocation
Ehealth Inc invested $13.8M in research and development in fiscal year 2025. This represents an increase of 11.3% from the prior year.
Ehealth Inc invested $2.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.4% from the prior year.
EHTH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.0M-73.0% | $326.2M+505.6% | $53.9M-11.4% | $60.8M-46.3% | $113.1M-64.1% | $315.2M+439.6% | $58.4M-11.3% | $65.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $36.7M-79.6% | $180.3M+100280.6% | -$180K-101.0% | $18.9M-54.7% | $41.7M-74.5% | $163.9M+4434.8% | -$3.8M-120.0% | $18.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $15.5M-46.0% | $28.7M+31.1% | $21.9M+1.6% | $21.6M+24.7% | $17.3M-36.9% | $27.4M+35.2% | $20.3M-9.4% | $22.4M |
| Operating Income | -$2.9M-102.3% | $126.3M+404.1% | -$41.5M-80.2% | -$23.0M-580.3% | $4.8M-95.7% | $112.6M+360.7% | -$43.2M-54.5% | -$28.0M |
| Interest Expense | $4.0M+19.3% | $3.4M+41.8% | $2.4M+1.5% | $2.3M-11.3% | $2.6M+0.2% | $2.6M-7.6% | $2.9M+0.4% | $2.8M |
| Income Tax | -$1.4M-103.9% | $34.8M+409.6% | -$11.2M-68.9% | -$6.7M-474.7% | $1.8M-86.3% | $13.0M+788.8% | -$1.9M-273.5% | -$505K |
| Net Income | -$4.7M-105.4% | $87.1M+375.0% | -$31.7M-82.2% | -$17.4M-992.2% | $1.9M-98.0% | $97.5M+329.6% | -$42.5M-51.9% | -$28.0M |
| EPS (Diluted) | $-0.58 | N/A | $-1.46-49.0% | $-0.98-197.0% | $-0.33 | N/A | $-1.83-37.6% | $-1.33 |
EHTH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-4.9% | $1.3B+20.5% | $1.0B-3.0% | $1.1B-5.1% | $1.1B-1.6% | $1.2B+15.3% | $1.0B-3.5% | $1.0B |
| Current Assets | $336.6M+0.7% | $334.4M+10.4% | $302.9M-7.7% | $328.2M-11.2% | $369.4M+4.2% | $354.5M+4.0% | $340.9M-4.2% | $355.9M |
| Cash & Equivalents | $75.1M+1.9% | $73.7M+16.9% | $63.1M-4.3% | $65.9M-45.6% | $121.1M+208.9% | $39.2M-38.8% | $64.0M-49.3% | $126.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.5M-80.0% | $7.7M+315.1% | $1.9M-0.2% | $1.9M-45.2% | $3.4M-79.8% | $16.8M+186.6% | $5.9M+395.7% | $1.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $625.4M-6.8% | $670.9M+25.8% | $533.2M+1.6% | $524.8M-5.5% | $555.5M-2.0% | $567.0M+12.8% | $502.6M+2.6% | $489.8M |
| Current Liabilities | $44.3M-55.2% | $99.1M+93.4% | $51.2M-53.5% | $110.2M-23.1% | $143.4M+49.3% | $96.0M+78.3% | $53.8M-53.7% | $116.3M |
| Long-Term Debt | $113.8M+0.7% | $113.0M+62.7% | $69.4M | $0 | $0-100.0% | $68.5M-1.0% | $69.2M | $0 |
| Total Equity | $575.7M-2.7% | $591.6M+15.1% | $514.2M-7.3% | $554.9M-4.6% | $581.6M-1.2% | $588.4M+17.8% | $499.3M-9.0% | $548.9M |
| Retained Earnings | $12.0M-60.1% | $30.1M+168.7% | -$43.8M-261.4% | -$12.1M-329.9% | $5.3M-65.4% | $15.2M+113.4% | -$113.4M-90.8% | -$59.4M |
EHTH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $35.8M+199.5% | -$35.9M-42.0% | -$25.3M+38.6% | -$41.2M-153.4% | $77.1M+378.8% | -$27.7M+5.5% | -$29.3M+9.0% | -$32.2M |
| Capital Expenditures | $155K+8.4% | $143K-33.2% | $214K-86.5% | $1.6M+414.6% | $308K-51.2% | $631K-36.8% | $998K+282.4% | $261K |
| Free Cash Flow | $35.6M+198.7% | -$36.1M-41.4% | -$25.5M+40.3% | -$42.8M-155.7% | $76.8M+371.5% | -$28.3M+6.6% | -$30.3M+6.7% | -$32.4M |
| Investing Cash Flow | -$34.4M-638.2% | $6.4M-73.1% | $23.7M+334.2% | -$10.1M-284.9% | $5.5M-31.5% | $8.0M+124.5% | -$32.7M-143.0% | -$13.4M |
| Financing Cash Flow | -$160K-100.4% | $40.1M+3243.2% | -$1.3M+66.8% | -$3.8M-449.9% | -$699K+86.0% | -$5.0M-1007.3% | -$450K+84.9% | -$3.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EHTH Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.7%-13.5pp | 55.3%+55.6pp | -0.3%-31.4pp | 31.1%-5.8pp | 36.9%-15.1pp | 52.0%+58.5pp | -6.5%-35.1pp | 28.7% |
| Operating Margin | -3.3%-42.0pp | 38.7%+115.8pp | -77.1%-39.2pp | -37.9%-42.1pp | 4.2%-31.5pp | 35.7%+109.7pp | -74.0%-31.5pp | -42.4% |
| Net Margin | -5.4%-32.1pp | 26.7%+85.5pp | -58.8%-30.2pp | -28.6%-30.3pp | 1.7%-29.2pp | 30.9%+103.7pp | -72.7%-30.2pp | -42.5% |
| Return on Equity | -0.8%-15.6pp | 14.7%+20.9pp | -6.2%-3.0pp | -3.1%-3.5pp | 0.3%-16.2pp | 16.6%+25.1pp | -8.5%-3.4pp | -5.1% |
| Return on Assets | -0.4%-7.3pp | 6.9%+9.9pp | -3.0%-1.4pp | -1.6%-1.8pp | 0.2%-8.3pp | 8.4%+12.7pp | -4.2%-1.6pp | -2.7% |
| Current Ratio | 7.59+4.2 | 3.37-2.5 | 5.91+2.9 | 2.98+0.4 | 2.58-1.1 | 3.69-2.6 | 6.33+3.3 | 3.06 |
| Debt-to-Equity | 0.200.0 | 0.19+0.1 | 0.14+0.1 | 0.000.0 | 0.00-0.1 | 0.12-0.0 | 0.14+0.1 | 0.00 |
| FCF Margin | 40.5%+51.5pp | -11.1%+36.3pp | -47.4%+23.0pp | -70.4%-138.3pp | 67.9%+76.9pp | -9.0%+42.9pp | -51.8%-2.6pp | -49.3% |
Similar Companies
Frequently Asked Questions
What is Ehealth Inc's annual revenue?
Ehealth Inc (EHTH) reported $554.0M in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ehealth Inc's revenue growing?
Ehealth Inc (EHTH) revenue grew by 4.1% year-over-year, from $532.4M to $554.0M in fiscal year 2025.
Is Ehealth Inc profitable?
Yes, Ehealth Inc (EHTH) reported a net income of $40.0M in fiscal year 2025, with a net profit margin of 7.2%.
What is Ehealth Inc's EBITDA?
Ehealth Inc (EHTH) had EBITDA of $68.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ehealth Inc have?
As of fiscal year 2025, Ehealth Inc (EHTH) had $73.7M in cash and equivalents against $113.0M in long-term debt.
What is Ehealth Inc's gross margin?
Ehealth Inc (EHTH) had a gross margin of 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ehealth Inc's operating margin?
Ehealth Inc (EHTH) had an operating margin of 12.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ehealth Inc's net profit margin?
Ehealth Inc (EHTH) had a net profit margin of 7.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ehealth Inc's return on equity (ROE)?
Ehealth Inc (EHTH) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ehealth Inc's free cash flow?
Ehealth Inc (EHTH) generated -$27.6M in free cash flow during fiscal year 2025. This represents a -34.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ehealth Inc's operating cash flow?
Ehealth Inc (EHTH) generated -$25.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ehealth Inc's total assets?
Ehealth Inc (EHTH) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ehealth Inc's capital expenditures?
Ehealth Inc (EHTH) invested $2.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ehealth Inc spend on research and development?
Ehealth Inc (EHTH) invested $13.8M in research and development during fiscal year 2025.
What is Ehealth Inc's current ratio?
Ehealth Inc (EHTH) had a current ratio of 3.37 as of fiscal year 2025, which is generally considered healthy.
What is Ehealth Inc's debt-to-equity ratio?
Ehealth Inc (EHTH) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ehealth Inc's return on assets (ROA)?
Ehealth Inc (EHTH) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ehealth Inc's cash runway?
Based on fiscal year 2025 data, Ehealth Inc (EHTH) had $73.7M in cash against an annual operating cash burn of $25.3M. This gives an estimated cash runway of approximately 35 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ehealth Inc's Altman Z-Score?
Ehealth Inc (EHTH) has an Altman Z-Score of 0.92, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ehealth Inc's Piotroski F-Score?
Ehealth Inc (EHTH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ehealth Inc's earnings high quality?
Ehealth Inc (EHTH) has an earnings quality ratio of -0.63x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ehealth Inc cover its interest payments?
Ehealth Inc (EHTH) has an interest coverage ratio of 6.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ehealth Inc?
Ehealth Inc (EHTH) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.