eToro Group (ETOR) financial statements
eToro Group reported revenue of $13.8B in fiscal 2025, up 88.7% a year over 2 years.
Net income was $216M.
Free cash flow was $313M, and the company returned $1M in net buybacks.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from eToro Group's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $3.9B | $12.6B | $13.8B |
| Cost of revenue | $3.9B | $12.4B | $13.6B |
| Gross profit | $28M | $246M | $253M |
| Research and development | $129M | $131M | $151M |
| Selling, general and admin | $246M | $228M | $244M |
| Interest expense | $25M | $37M | $38M |
| Pre-tax income | $28M | $246M | $253M |
| Income tax | $12M | $53M | $38M |
| Net income | $15M | $192M | $216M |
| EPS (diluted) | $0.18 | $2.26 | $2.27 |
| Diluted shares | 83M | 85M | 95M |
| Gross margin | 0.7% | 1.9% | 1.8% |
| Net margin | 0.4% | 1.5% | 1.6% |
Balance sheet
Fiscal years, from eToro Group's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $388M | $640M | $1.3B |
| Receivables | — | $50M | $27M |
| Total current assets | — | $1.1B | $1.7B |
| Property, plant and equipment | — | $5M | $7M |
| Total assets | — | $1.2B | $1.8B |
| Total current liabilities | — | $306M | $343M |
| Total liabilities | — | $359M | $397M |
| Shareholders' equity | $598M | $14.3B | $16.1B |
| Net debt | -$388M | -$575M | -$1.1B |
Cash flow
Fiscal years, from eToro Group's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $112M | $269M | $318M |
| Capital spending | $425,000 | $2M | $5M |
| Free cash flow | $111M | $266M | $313M |
| Stock-based compensation | $66M | $27M | $16M |
| Share buybacks (net) | — | — | -$1M |
| Free cash flow margin | 2.9% | 2.1% | 2.3% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ETOR.
Open ETOR in InvestinglyQuestions
What was eToro Group's revenue in 2025?
$13.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does eToro Group generate?
$313M in fiscal 2025 (operating cash flow minus capital spending).
From eToro Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.