eToro Group Ltd. Financials

ETOR

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows eToro Group Ltd. (ETOR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).

Rhea AI ETOR FY2025 2026-04-22

eToro’s business model looks asset-light: very high revenue throughput produces thin accounting margins but strong cash generation and liquidity.

In FY2025, the cash buildup came from two engines at once: $318.2M of operating cash flow and $319.9M of financing inflow. Yet leverage actually eased, with debt-to-equity moving from 5.2% in FY2024 to 3.5% in FY2025. That means the larger cash buffer was not primarily debt-funded; cash reached $1.07B while total liabilities were $396.8M.

The business is high-throughput but low-margin: FY2025 net margin was just 1.6%, yet cash conversion was better than profit, with operating cash flow above net income by about $102.5M. Because capital spending was only $4.8M, free cash flow stayed close to operating cash flow at $313.4M.

Balance-sheet flexibility improved even as earnings rose: total equity increased from $832.4M to $1.39B, which helps explain why return on equity fell despite higher net income. That thicker equity cushion also sits beside a liquid current position at 4.9x, so near-term obligations do not look like the operating constraint.

Financial Health Signals

Financial Health Score 53/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of eToro Group Ltd.'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.

Earnings

Growth

100

Capital

Stability

Piotroski F-Score Partial

5/6

eToro Group Ltd. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, eToro Group Ltd. generates $1.48 in operating cash flow ($318.2M OCF vs $215.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$13.8B

eToro Group Ltd. generated $13.8B in revenue in fiscal year 2025.

EBITDA

N/A

Net Income

$215.7M

YoY+12.1%

eToro Group Ltd. reported $215.7M in net income in fiscal year 2025. This represents an increase of 12.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$313.4M

YoY+17.7%

eToro Group Ltd. generated $313.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 17.7% from the prior year.

Cash & Debt

$1.1B

YoY+86.4%

eToro Group Ltd. held $1.1B in cash against $48.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

1.6%

eToro Group Ltd.'s net profit margin was 1.6% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

15.5%

YoY-7.6pp

eToro Group Ltd.'s ROE was 15.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.4M

eToro Group Ltd. spent $1.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$4.8M

YoY+104.1%

eToro Group Ltd. invested $4.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 104.1% from the prior year.

ETOR Income Statement

Metric	FY25	FY24	FY23
Revenue	$13.8B	N/A	$3.9B
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	$2.4M+30.6%	$1.8M+3.2%	$1.8M
Income Tax	$37.7M-29.2%	$53.2M+326.8%	$12.5M
Net Income	$215.7M+12.1%	$192.4M+1160.8%	$15.3M
EPS (Diluted)	N/A	N/A	N/A

Metric	Q4'25	Q4'24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

ETOR Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$1.8B+50.4%	$1.2B	N/A
Current Assets	$1.7B+55.8%	$1.1B	N/A
Cash & Equivalents	$1.1B+86.4%	$575.4M+48.2%	$388.3M
Inventory	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	$43.2M-6.8%	$46.3M	N/A
Total Liabilities	$396.8M+10.5%	$359.0M	N/A
Current Liabilities	$342.7M+12.1%	$305.6M	N/A
Long-Term Debt	$48.5M+11.3%	$43.5M	N/A
Total Equity	$1.4B+67.5%	$832.4M+39.3%	$597.6M
Retained Earnings	$168.2M+454.6%	-$47.4M	N/A

Metric	Q4'25	Q4'24
Total Assets	$1.8B+50.4%	$1.2B
Current Assets	$1.7B+55.8%	$1.1B
Cash & Equivalents	$1.1B+86.4%	$575.4M
Inventory	N/A	N/A
Accounts Receivable	N/A	N/A
Goodwill	$43.2M-6.8%	$46.3M
Total Liabilities	$396.8M+10.5%	$359.0M
Current Liabilities	$342.7M+12.1%	$305.6M
Long-Term Debt	$48.5M+11.3%	$43.5M
Total Equity	$1.4B+67.5%	$832.4M
Retained Earnings	$168.2M+454.6%	-$47.4M

ETOR Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	$318.2M+18.5%	$268.6M+140.2%	$111.8M
Capital Expenditures	$4.8M+104.1%	$2.4M+458.1%	$425K
Free Cash Flow	$313.4M+17.7%	$266.2M+138.9%	$111.4M
Investing Cash Flow	-$143.5M-109.5%	-$68.5M-4722.4%	-$1.4M
Financing Cash Flow	$319.9M+10129.7%	-$3.2M+70.3%	-$10.7M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$1.4M	N/A	N/A

Metric	Q4'25	Q4'24
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

ETOR Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	1.6%	N/A	0.4%
Return on Equity	15.5%-7.6pp	23.1%+20.6pp	2.5%
Return on Assets	12.0%-4.1pp	16.2%	N/A
Current Ratio	4.89+1.4	3.52	N/A
Debt-to-Equity	0.03-0.0	0.05	N/A
FCF Margin	2.3%	N/A	2.9%

Metric	Q4'25	Q4'24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	4.89+1.4	3.52
Debt-to-Equity	0.03-0.0	0.05
FCF Margin	N/A	N/A

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Frequently Asked Questions

What is eToro Group Ltd.'s annual revenue?

eToro Group Ltd. (ETOR) reported $13.8B in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is eToro Group Ltd. profitable?

Yes, eToro Group Ltd. (ETOR) reported a net income of $215.7M in fiscal year 2025, with a net profit margin of 1.6%.

How much debt does eToro Group Ltd. have?

As of fiscal year 2025, eToro Group Ltd. (ETOR) had $1.1B in cash and equivalents against $48.5M in long-term debt.

What is eToro Group Ltd.'s net profit margin?

eToro Group Ltd. (ETOR) had a net profit margin of 1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is eToro Group Ltd.'s return on equity (ROE)?

eToro Group Ltd. (ETOR) has a return on equity of 15.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is eToro Group Ltd.'s free cash flow?

eToro Group Ltd. (ETOR) generated $313.4M in free cash flow during fiscal year 2025. This represents a 17.7% 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 eToro Group Ltd.'s operating cash flow?

eToro Group Ltd. (ETOR) generated $318.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are eToro Group Ltd.'s total assets?

eToro Group Ltd. (ETOR) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are eToro Group Ltd.'s capital expenditures?

eToro Group Ltd. (ETOR) invested $4.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does eToro Group Ltd. buy back shares?

Yes, eToro Group Ltd. (ETOR) spent $1.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is eToro Group Ltd.'s current ratio?

eToro Group Ltd. (ETOR) had a current ratio of 4.89 as of fiscal year 2025, which is generally considered healthy.

What is eToro Group Ltd.'s debt-to-equity ratio?

eToro Group Ltd. (ETOR) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is eToro Group Ltd.'s return on assets (ROA)?

eToro Group Ltd. (ETOR) had a return on assets of 12.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is eToro Group Ltd.'s Piotroski F-Score?

eToro Group Ltd. (ETOR) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 eToro Group Ltd.'s earnings high quality?

eToro Group Ltd. (ETOR) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). 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.

How financially healthy is eToro Group Ltd.?

eToro Group Ltd. (ETOR) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.