The strong revenue growth, profitability, and positive guidance suggest continued momentum in Ethos' business. Traders should monitor whether the company can maintain its high growth rates and margins as it scales, and watch for execution on its 2026 guidance targets.
Price Chart
Executive Summary
Ethos Technologies reported strong fourth quarter and full-year 2025 financial results, with Q4 revenue growing 65% year-over-year to $110.1 million and full-year revenue up 52% to $387.6 million. The company achieved net income of $24.6 million in Q4 and $71.2 million for the full year, with a 23% Adjusted EBITDA margin. Management provided forward guidance for Q1 2026 revenue of $144-146 million and full-year 2026 revenue of $510-514 million.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $110.1 million (65% YoY growth)
- Full-year 2025 revenue: $387.6 million (52% YoY growth)
- Q4 2025 net income: $24.6 million (22% margin)
- Full-year 2025 net income: $71.2 million (18% margin)
- Q4 2025 Adjusted EBITDA: $25.8 million (23% margin)
- Full-year 2025 Adjusted EBITDA: $89.0 million (23% margin)
- Q4 2025 cash flow from operations: $4.9 million
- Full-year 2025 cash flow from operations: $36.2 million
- Company activated 54,714 new policies in Q4, bringing total lifetime policies to over 500,000
- Guidance for Q1 2026: revenue of $144-146 million, Adjusted EBITDA of $30-32 million
- Guidance for full-year 2026: revenue of $510-514 million, Adjusted EBITDA of $99-103 million
Financial Impact
Revenue grew 65% YoY in Q4 to $110.1 million and 52% YoY for the full year to $387.6 million. Net income was $24.6 million in Q4 and $71.2 million for the full year. Company guided for 32% revenue growth in 2026.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Direct Channel | $242.5M | +40.0% |
| Third-Party Channel | $145.1M | +79.0% |
Risk Factors
- Forward-looking statements may not materialize as expected
- Company has limited operating history at current scale
- Competition from existing and new market entrants
- Ability to effectively manage and sustain growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-071749 |
| Document: d109531d8k.htm | 0001193125-26-071749 |
| Document: 0001193125-26-071749-index-headers.html | 0001193125-26-071749 |
| Document: 0001193125-26-071749-index.html | 0001193125-26-071749 |
| Document: 0001193125-26-071749.txt | 0001193125-26-071749 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 9d ago | Insider Cluster | $38.86 | awaiting T+5 | — | $42.24 (−8.70%) |
Oct 16, 2026 9d ago | 144 | $38.86 | awaiting T+5 | — | $42.24 (−8.70%) |
Oct 14, 2026 11d ago | 144 | $38.76 $43.53 | ▲ +12.31% | ▲ +13.32% | $42.24 (+8.98%) |
Oct 9, 2026 16d ago | 8-K | $37.36 $38.86 | ▲ +4.01% | ▲ +5.51% | $42.24 (+13.06%) |
Sep 18, 2026 5w ago | Insider Cluster | $36.49 $34.24 | ▲ +6.17% | ▲ +5.15% | $42.24 (−15.76%) |
Sep 16, 2026 5w ago | 8-K | $38.55 $33.91 | ▼ −12.04% | ▼ −14.60% | $42.24 (+9.57%) |
Aug 21, 2026 9w ago | Insider Cluster | $36.72 $36.33 | ▲ +1.06% | ▲ +1.53% | $42.24 (−15.03%) |
Aug 21, 2026 9w ago | Insider Cluster | $36.72 $36.33 | ▲ +1.06% | ▲ +1.53% | $42.24 (−15.03%) |
Aug 21, 2026 9w ago | Insider Cluster | $36.72 $36.33 | ▲ +1.06% | ▲ +1.53% | $42.24 (−15.03%) |
Aug 18, 2026 9w ago | Insider Cluster | $32.85 $39.11 | ▼ −19.06% | ▼ −19.44% | $42.24 (−28.58%) |
US Market Status
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