Ehealth Inc Financials
Ehealth Inc (EHTH) reported $554.0M in revenue for fiscal year 2025, up 4.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Ehealth Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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 used $0.63 of operating cash (-$25.3M OCF vs $40.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Ehealth Inc earns $6.18 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 recorded an outflow of $27.6M in free cash flow in fiscal year 2025, representing a cash shortfall 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.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
EHTH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $501.7M | $554.0M+4.1% | $532.4M+17.6% | $452.9M+11.7% | $405.4M-24.7% | $538.2M-7.6% | $582.8M+15.1% | $506.2M+101.4% | $251.4M+31.8% | $190.7M-1.4% | $193.3M-4.9% | $203.3M+13.2% | $179.7M+0.3% | $179.2M+15.2% | $155.5M+2.5% | $151.6M |
| Cost of Revenue | N/A | $1.3M-25.7% | $1.8M+1.3% | $1.8M+7.5% | $1.6M-17.3% | $2.0M-51.2% | $4.1M+49.1% | $2.7M+123.0% | $1.2M+111.0% | $582K-32.5% | $862K-55.7% | $1.9M-56.7% | $4.5M-17.7% | $5.5M+14.2% | $4.8M-42.6% | $8.3M |
| Gross Profit | $222.0M | $240.8M+15.5% | $208.5M+31.0% | $159.2M-60.6% | $403.7M-24.7% | $536.2M-7.3% | $578.7M+14.9% | $503.5M+101.3% | $250.2M+31.6% | $190.1M-1.2% | $192.5M-4.4% | $201.4M+15.0% | $175.2M+0.8% | $173.7M+15.3% | $150.7M+5.2% | $143.3M |
| R&D Expenses | N/A | $13.8M+11.3% | $12.4M-9.5% | $13.7M+13.2% | $12.1M+16.3% | $10.4M+14.3% | $9.1M+12.3% | $8.1M+17.4% | $6.9M-9.2% | $7.6M-14.6% | $8.9M-16.0% | $10.6M-12.4% | $12.1M+19.8% | $10.1M+20.2% | $8.4M+15.1% | $7.3M |
| SG&A Expenses | $81.8M | $89.6M-0.2% | $89.8M-9.7% | $99.4M+38.4% | $71.8M-5.1% | $75.7M-1.0% | $76.5M+19.2% | $64.2M+40.0% | $45.8M+14.7% | $40.0M+13.5% | $35.2M+16.5% | $30.2M+9.8% | $27.5M-5.8% | $29.2M+11.7% | $26.2M-1.6% | $26.6M |
| Operating Income | $54.4M | $66.5M+182.1% | $23.6M+181.1% | -$29.1M+71.7% | -$102.7M+18.3% | -$125.6M-335.6% | $53.3M-34.5% | $81.4M+3091.3% | $2.6M+127.0% | -$9.5M-434.8% | $2.8M-72.8% | $10.4M+253.6% | -$6.8M-281.2% | $3.7M-72.2% | $13.4M+1.5% | $13.2M |
| Interest Expense | $13.9M | $10.8M-3.6% | $11.2M+1.7% | $11.0M+43.9% | $7.6M+802.6% | $845K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $15.1M | $18.7M+101.9% | $9.3M+488.7% | -$2.4M+86.5% | -$17.7M+13.9% | -$20.5M-340.3% | $8.5M-48.6% | $16.6M+442.0% | $3.1M+109.1% | -$33.7M-1018.6% | $3.7M-52.4% | $7.7M-17.5% | $9.3M+387.5% | $1.9M-69.9% | $6.4M-1.4% | $6.5M |
| Net Income | $27.1M | $40.0M+296.0% | $10.1M+135.8% | -$28.2M+68.2% | -$88.7M+15.0% | -$104.4M-329.6% | $45.5M-32.0% | $66.9M+27653.9% | $241K-99.1% | $25.4M+8263.8% | $304K-92.3% | $4.0M+124.5% | -$16.2M-1040.5% | $1.7M-75.7% | $7.1M+5.3% | $6.7M |
| EPS (Diluted) | — | -$0.34+71.4% | -$1.19+49.8% | -$2.37 | -$4.36+5.0% | -$4.59-373.2% | $1.68-38.5% | $2.73+27200.0% | $0.01-99.2% | $1.33+6550.0% | $0.02-90.9% | $0.22+125.0% | -$0.88-1077.8% | $0.09-73.5% | $0.34+9.7% | $0.31 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EHTH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+9.3% | $1.2B+3.8% | $1.1B+0.1% | $1.1B-3.2% | $1.1B+10.5% | $1.0B+40.2% | $741.6M+68.8% | $439.3M+22.3% | $359.1M+0.4% | $357.7M+215.6% | $113.3M+6.2% | $106.7M-35.9% | $166.4M-15.2% | $196.3M+10.3% | $177.9M |
| Current Assets | $334.4M-5.7% | $354.5M-7.3% | $382.4M-4.7% | $401.1M-1.6% | $407.6M+23.1% | $331.0M+59.0% | $208.1M+33.3% | $156.2M+0.3% | $155.7M-9.7% | $172.5M+122.5% | $77.5M+16.6% | $66.5M-46.6% | $124.5M-20.2% | $156.1M+11.7% | $139.7M |
| Cash & Equivalents | $73.7M+88.1% | $39.2M-66.1% | $115.7M-19.9% | $144.4M+76.3% | $81.9M+87.2% | $43.8M+86.5% | $23.5M+79.3% | $13.1M-67.5% | $40.3M-34.8% | $61.8M-1.5% | $62.7M+22.0% | $51.4M-52.0% | $107.1M-24.0% | $140.8M+13.9% | $123.6M |
| Accounts Receivable | $7.7M-54.3% | $16.8M+320.9% | $4.0M+51.7% | $2.6M-54.2% | $5.8M+219.6% | $1.8M-22.9% | $2.3M-35.2% | $3.6M+144.1% | $1.5M-24.3% | $1.9M-79.8% | $9.6M+17.6% | $8.2M+78.8% | $4.6M+2.6% | $4.5M-44.5% | $8.1M |
| Goodwill | N/A | N/A | $0 | $0 | $0-100.0% | $40.2M0.0% | $40.2M0.0% | $40.2M+185.4% | $14.1M0.0% | $14.1M0.0% | $14.1M0.0% | $14.1M0.0% | $14.1M0.0% | $14.1M0.0% | $14.1M |
| Total Liabilities | $670.9M+18.3% | $567.0M+11.8% | $507.3M+9.9% | $461.7M+15.5% | $399.8M+97.5% | $202.5M-5.6% | $214.5M+57.5% | $136.1M+87.9% | $72.5M-31.3% | $105.4M+185.8% | -$122.9M-4.3% | -$117.8M-452.7% | $33.4M+31.4% | $25.4M+14.2% | $22.3M |
| Current Liabilities | $99.1M+3.2% | $96.0M+22.2% | $78.5M+29.7% | $60.6M-19.7% | $75.5M-10.6% | $84.4M-25.3% | $113.0M+86.4% | $60.6M+138.2% | $25.4M-1.1% | $25.7M-19.4% | $31.9M+19.4% | $26.7M-1.9% | $27.2M+30.9% | $20.8M+13.4% | $18.4M |
| Long-Term Debt | $113.0M+65.0% | $68.5M+1.0% | $67.8M+2.5% | $66.1M | $0 | N/A | $0-100.0% | $5.0M | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $591.6M+0.5% | $588.4M-2.9% | $606.0M-6.9% | $651.0M-13.2% | $749.5M-10.5% | $837.6M+58.9% | $527.2M+73.9% | $303.1M+5.8% | $286.7M+13.6% | $252.3M+6.8% | $236.2M+5.2% | $224.5M+68.8% | $133.0M-22.2% | $170.9M+9.8% | $155.7M |
| Retained Earnings | $30.1M+97.5% | $15.2M+109.3% | $7.3M-90.1% | $73.8M-61.8% | $193.2M-38.9% | $316.2M+16.3% | $271.9M+32.6% | $205.0M+0.1% | $204.7M+14.2% | $179.3M+1787.7% | $9.5M-33.4% | $14.3M-53.2% | $30.5M+6.0% | $28.7M+32.7% | $21.7M |
Not reported in any period shown, so not listed: Inventory.
EHTH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$30.5M | -$25.3M-38.0% | -$18.4M-174.4% | -$6.7M+75.1% | -$26.9M+83.5% | -$162.6M-50.8% | -$107.9M-50.9% | -$71.5M-2113.4% | -$3.2M+79.2% | -$15.5M-480.6% | $4.1M-70.2% | $13.7M+669.9% | $1.8M-91.5% | $20.9M-15.8% | $24.9M+10.4% | $22.5M |
| Capital Expenditures | $1.0M | $2.3M+7.4% | $2.1M+0.4% | $2.1M+874.8% | $214K-94.5% | $3.9M-50.1% | $7.8M+16.7% | $6.6M+46.5% | $4.5M+142.7% | $1.9M-1.1% | $1.9M+0.5% | $1.9M-47.9% | $3.6M-50.8% | $7.3M+90.1% | $3.9M+60.1% | $2.4M |
| Free Cash Flow | -$31.5M | -$27.6M-34.9% | -$20.5M-133.1% | -$8.8M+67.6% | -$27.1M+83.7% | -$166.5M-44.0% | -$115.6M-48.0% | -$78.1M-906.3% | -$7.8M+55.4% | -$17.4M-893.5% | $2.2M-81.4% | $11.8M+747.5% | -$1.8M-113.4% | $13.6M-35.3% | $21.0M+4.5% | $20.1M |
| Investing Cash Flow | -$2.4M | $25.4M+152.5% | -$48.4M-204.7% | -$15.9M-161.5% | $25.9M+304.7% | -$12.6M+82.8% | -$73.3M-332.5% | -$16.9M+34.2% | -$25.8M-407.2% | -$5.1M-36.3% | -$3.7M-24.4% | -$3.0M+63.0% | -$8.1M-10.6% | -$7.3M+27.4% | -$10.1M-53.0% | -$6.6M |
| Financing Cash Flow | $35.6M | $34.3M+454.4% | -$9.7M-55.4% | -$6.2M-109.7% | $63.8M-70.1% | $213.2M+6.0% | $201.2M+97.0% | $102.1M+5391.5% | $1.9M+313.8% | -$870K+31.4% | -$1.3M-319.9% | $577K+101.2% | -$49.3M-4.1% | -$47.4M-2042.7% | $2.4M+112.0% | -$20.4M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $50.0M-15.3% | $59.0M+525.5% | $9.4M-62.8% | $25.4M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EHTH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5%+4.3pp | 39.1%+4.0pp | 35.1%-64.4pp | 99.6%0.0pp | 99.6%+0.3pp | 99.3%-0.2pp | 99.5%0.0pp | 99.5%-0.2pp | 99.7%+0.1pp | 99.6%+0.5pp | 99.0%+1.5pp | 97.5%+0.5pp | 97.0%0.0pp | 96.9%+2.4pp | 94.5% |
| Operating Margin | 12.0%+7.6pp | 4.4%+10.8pp | -6.4%+18.9pp | -25.3%-2.0pp | -23.4%-32.5pp | 9.2%-6.9pp | 16.1%+15.1pp | 1.0%+6.0pp | -5.0%-6.4pp | 1.5%-3.6pp | 5.1%+8.9pp | -3.8%-5.8pp | 2.1%-6.6pp | 8.6%-0.1pp | 8.7% |
| Net Margin | 7.2%+5.3pp | 1.9%+8.1pp | -6.2%+15.7pp | -21.9%-2.5pp | -19.4%-27.2pp | 7.8%-5.4pp | 13.2%+13.1pp | 0.1%-13.2pp | 13.3%+13.2pp | 0.2%-1.8pp | 1.9%+11.0pp | -9.0%-10.0pp | 1.0%-3.6pp | 4.6%+0.1pp | 4.4% |
| Return on Equity | 6.8%+5.0pp | 1.7%+6.4pp | -4.7%+9.0pp | -13.6%+0.3pp | -13.9%-19.4pp | 5.4%-7.3pp | 12.7%+12.6pp | 0.1%-8.8pp | 8.9%+8.8pp | 0.1%-1.6pp | 1.7%+8.9pp | -7.2%-8.5pp | 1.3%-2.8pp | 4.1%-0.2pp | 4.3% |
| Return on Assets | 3.2%+2.3pp | 0.9%+3.4pp | -2.5%+5.4pp | -8.0%+1.1pp | -9.1%-13.5pp | 4.4%-4.7pp | 9.0%+9.0pp | 0.1%-7.0pp | 7.1%+7.0pp | 0.1%-3.4pp | 3.5%+18.7pp | -15.2%-16.2pp | 1.0%-2.6pp | 3.6%-0.2pp | 3.8% |
| Current Ratio | 3.37-0.3x | 3.69-1.2x | 4.87-1.8x | 6.62+1.2x | 5.40+1.5x | 3.92+2.1x | 1.84-0.7x | 2.58-3.5x | 6.12-0.6x | 6.70+4.3x | 2.43-0.1x | 2.49-2.1x | 4.57-2.9x | 7.50-0.1x | 7.61 |
| Debt-to-Equity | 0.19+0.1x | 0.120.0x | 0.110.0x | 0.10+0.1x | 0.00-0.2x | 0.24+0.2x | 0.000.0x | 0.020.0x | 0.00-0.4x | 0.42 | N/A | N/A | 0.25+0.1x | 0.150.0x | 0.14 |
| FCF Margin | -5.0%-1.1pp | -3.8%-1.9pp | -1.9%+4.7pp | -6.7%+24.3pp | -30.9%-11.1pp | -19.8%-4.4pp | -15.4%-12.4pp | -3.1%+6.0pp | -9.1%-10.3pp | 1.1%-4.7pp | 5.8%+6.8pp | -1.0%-8.6pp | 7.6%-5.9pp | 13.5%+0.3pp | 13.3% |
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Where Ehealth Inc Ranks
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) recorded an outflow of $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) recorded an outflow of $25.3M in operating cash flow during fiscal year 2025, representing cash used by 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 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?
For every $1 of reported earnings, Ehealth Inc (EHTH) used $0.63 of operating cash (-$25.3M OCF vs $40.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 6.18x, 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.