What is Ethos Technologies Corp.'s earnings per share (EPS)?

Ethos Technologies Corp. (LIFE) reported diluted earnings per share of $1.22 for fiscal year 2025. This represents a 43.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ethos Technologies Corp. Financials

LIFE

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Ethos Technologies Corp. (LIFE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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 LIFE FY2025 2026-05-08

A near-zero-cost revenue model makes cash conversion, not production cost, the clearest signal of how Ethos operates.

The biggest change is cash conversion quality: in FY2025, accounting profit finally translated into operating cash and free cash flow, reversing FY2024's profit-without-cash pattern. Net income of $71.2M was backed by $36.2M of operating cash flow, and with capital intensity still minimal, the improvement reached free cash flow instead of being consumed by reinvestment, which fits a business that needs little physical capital to support growth.

With gross margin at 98.3%, the company keeps almost all revenue after direct costs, which means its economics are shaped mainly by overhead management and cash collection, not by manufacturing or inventory swings. That structure explains why operating margin held near 18.8% even while selling and administrative expense grew faster than sales, so scaling costs matter more than unit production costs.

The balance sheet still carries negative equity because liabilities of $539.5M exceed assets of $515.3M, so past losses still dominate reported net worth. But liquidity looks healthier than solvency: cash reached $91.1M and the current ratio stayed above 2x, indicating near-term obligations are better covered even though the cumulative deficit has not fully cleared.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ethos Technologies Corp.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Ethos Technologies Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

0.51x

For every $1 of reported earnings, Ethos Technologies Corp. generates $0.51 in operating cash flow ($36.2M OCF vs $71.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$387.6M

YoY+52.0%

Ethos Technologies Corp. generated $387.6M in revenue in fiscal year 2025. This represents an increase of 52.0% from the prior year.

EBITDA

$78.3M

YoY+44.5%

Ethos Technologies Corp.'s EBITDA was $78.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.5% from the prior year.

Net Income

$71.2M

YoY+45.7%

Ethos Technologies Corp. reported $71.2M in net income in fiscal year 2025. This represents an increase of 45.7% from the prior year.

EPS (Diluted)

$1.22

YoY+43.5%

Ethos Technologies Corp. earned $1.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 43.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$34.7M

YoY+397.3%

Ethos Technologies Corp. generated $34.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 397.3% from the prior year.

Cash & Debt

$91.1M

YoY+159.7%

Ethos Technologies Corp. held $91.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+3.8%

Ethos Technologies Corp. had 17M shares outstanding in fiscal year 2025. This represents an increase of 3.8% from the prior year.

Margins & Returns

Gross Margin

98.3%

YoY+0.8pp

Ethos Technologies Corp.'s gross margin was 98.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

18.8%

YoY-0.3pp

Ethos Technologies Corp.'s operating margin was 18.8% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin

18.4%

YoY-0.8pp

Ethos Technologies Corp.'s net profit margin was 18.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.5M

YoY+92.1%

Ethos Technologies Corp. invested $1.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 92.1% from the prior year.

LIFE Income Statement

Metric	FY25	FY24
Revenue	$387.6M+52.0%	$254.9M
Cost of Revenue	$6.7M+3.2%	$6.5M
Gross Profit	$380.9M+53.3%	$248.4M
R&D Expenses	N/A	N/A
SG&A Expenses	$39.6M+76.9%	$22.4M
Operating Income	$72.9M+49.6%	$48.7M
Interest Expense	N/A	N/A
Income Tax	$4.6M-10.0%	$5.1M
Net Income	$71.2M+45.7%	$48.8M
EPS (Diluted)	$1.22+43.5%	$0.85

Metric	Q1'26	Q4'25	Q1'25	Q4'24
Revenue	$193.1M	N/A	$94.9M	N/A
Cost of Revenue	$3.2M	N/A	$1.6M	N/A
Gross Profit	$189.9M	N/A	$93.3M	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$180.6M	N/A	$13.4M	N/A
Operating Income	-$163.3M	N/A	$12.5M	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	$3.8M	N/A	$864K	N/A
Net Income	-$166.4M	N/A	$12.2M	N/A
EPS (Diluted)	$-3.57	N/A	$0.21	N/A

LIFE Balance Sheet

Metric	FY25	FY24
Total Assets	$515.3M+30.2%	$395.9M
Current Assets	$245.8M+40.6%	$174.8M
Cash & Equivalents	$91.1M+159.7%	$35.1M
Inventory	N/A	N/A
Accounts Receivable	$36.5M+20.4%	$30.3M
Goodwill	$2.2M0.0%	$2.2M
Total Liabilities	$539.5M+7.2%	$503.0M
Current Liabilities	$113.2M+67.4%	$67.6M
Long-Term Debt	N/A	N/A
Total Equity	-$24.1M+77.5%	-$107.2M
Retained Earnings	-$102.5M+41.0%	-$173.7M

Metric	Q1'26	Q4'25	Q1'25	Q4'24
Total Assets	$619.4M+20.2%	$515.3M	N/A	$395.9M
Current Assets	$259.4M+5.5%	$245.8M	N/A	$174.8M
Cash & Equivalents	$107.9M+18.5%	$91.1M+77.7%	$51.2M+46.1%	$35.1M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$53.3M+46.1%	$36.5M	N/A	$30.3M
Goodwill	$2.2M0.0%	$2.2M	N/A	$2.2M
Total Liabilities	$178.0M-67.0%	$539.5M	N/A	$503.0M
Current Liabilities	$155.0M+36.9%	$113.2M	N/A	$67.6M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$441.3M+1930.0%	-$24.1M+71.3%	-$84.1M+21.5%	-$107.2M
Retained Earnings	-$268.9M-162.3%	-$102.5M	N/A	-$173.7M

LIFE Cash Flow Statement

Metric	FY25	FY24
Operating Cash Flow	$36.2M+432.1%	-$10.9M
Capital Expenditures	$1.5M+92.1%	$776K
Free Cash Flow	$34.7M+397.3%	-$11.7M
Investing Cash Flow	$31.9M+3656.6%	-$896K
Financing Cash Flow	-$12.0M-155.1%	$21.9M
Dividends Paid	$0	N/A
Share Buybacks	N/A	N/A

Metric	Q1'26	Q4'25	Q1'25	Q4'24
Operating Cash Flow	$31.2M	N/A	$10.8M	N/A
Capital Expenditures	$353K	N/A	$278K	N/A
Free Cash Flow	$30.9M	N/A	$10.5M	N/A
Investing Cash Flow	-$52.1M	N/A	$2.0M	N/A
Financing Cash Flow	$37.8M	N/A	$3.4M	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

LIFE Financial Ratios

Metric	FY25	FY24
Gross Margin	98.3%+0.8pp	97.4%
Operating Margin	18.8%-0.3pp	19.1%
Net Margin	18.4%-0.8pp	19.2%
Return on Equity	N/A	N/A
Return on Assets	13.8%+1.5pp	12.3%
Current Ratio	2.17-0.4	2.59
Debt-to-Equity	-22.37-17.7	-4.69
FCF Margin	9.0%+13.5pp	-4.6%

Metric	Q1'26	Q4'25	Q1'25	Q4'24
Gross Margin	98.3%	N/A	98.3%	N/A
Operating Margin	-84.6%	N/A	13.2%	N/A
Net Margin	-86.2%	N/A	12.9%	N/A
Return on Equity	-37.7%	N/A	N/A	N/A
Return on Assets	-26.9%	N/A	N/A	N/A
Current Ratio	1.67-0.5	2.17	N/A	2.59
Debt-to-Equity	0.40+22.8	-22.37	N/A	-4.69
FCF Margin	16.0%	N/A	11.1%	N/A

Note: Shareholder equity is negative (-$24.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

What is Ethos Technologies Corp.'s annual revenue?

Ethos Technologies Corp. (LIFE) reported $387.6M in total revenue for fiscal year 2025. This represents a 52.0% 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 Ethos Technologies Corp.'s revenue growing?

Ethos Technologies Corp. (LIFE) revenue grew by 52% year-over-year, from $254.9M to $387.6M in fiscal year 2025.

Is Ethos Technologies Corp. profitable?

Yes, Ethos Technologies Corp. (LIFE) reported a net income of $71.2M in fiscal year 2025, with a net profit margin of 18.4%.

What is Ethos Technologies Corp.'s EBITDA?

Ethos Technologies Corp. (LIFE) had EBITDA of $78.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ethos Technologies Corp.'s gross margin?

Ethos Technologies Corp. (LIFE) had a gross margin of 98.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ethos Technologies Corp.'s operating margin?

Ethos Technologies Corp. (LIFE) had an operating margin of 18.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ethos Technologies Corp.'s net profit margin?

Ethos Technologies Corp. (LIFE) had a net profit margin of 18.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ethos Technologies Corp.'s free cash flow?

Ethos Technologies Corp. (LIFE) generated $34.7M in free cash flow during fiscal year 2025. This represents a 397.3% 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 Ethos Technologies Corp.'s operating cash flow?

Ethos Technologies Corp. (LIFE) generated $36.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ethos Technologies Corp.'s total assets?

Ethos Technologies Corp. (LIFE) had $515.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ethos Technologies Corp.'s capital expenditures?

Ethos Technologies Corp. (LIFE) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Ethos Technologies Corp. have outstanding?

Ethos Technologies Corp. (LIFE) had 17M shares outstanding as of fiscal year 2025.

What is Ethos Technologies Corp.'s current ratio?

Ethos Technologies Corp. (LIFE) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.

What is Ethos Technologies Corp.'s debt-to-equity ratio?

Ethos Technologies Corp. (LIFE) had a debt-to-equity ratio of -22.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ethos Technologies Corp.'s return on assets (ROA)?

Ethos Technologies Corp. (LIFE) had a return on assets of 13.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Ethos Technologies Corp.'s debt-to-equity ratio negative or unusual?

Ethos Technologies Corp. (LIFE) has negative shareholder equity of -$24.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Ethos Technologies Corp.'s Piotroski F-Score?

Ethos Technologies Corp. (LIFE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 Ethos Technologies Corp.'s earnings high quality?

Ethos Technologies Corp. (LIFE) has an earnings quality ratio of 0.51x, considered mixed 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.