Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data eToro Group Ltd. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
3,886
12,641
13,838
Cost of revenue
3,858
12,395
13,585
Gross profit
27.7
246
253
Research and development
129
131
151
Selling, general and administrative
246
228
244
Pre-tax income
27.7
246
253
Income tax
12.5
53.2
37.7
Net income
15.3
192
216
EPS, basic
0.21
2.55
2.58
EPS, diluted
0.18
2.26
2.27
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
388
575
1,073
Short-term investments
65
203
Total current assets
1,075
1,675
Property, plant and equipment
5.01
7.36
Lease right-of-use assets
44.4
41.9
Total assets
1,191
1,791
Total current liabilities
306
343
Lease liabilities
43.5
48.5
Total liabilities
359
397
Paid-in capital
474
1,274
Retained earnings
-47.4
168
Shareholders' equity
14,263
16,056
Total equity
598
832
1,395
Total liabilities and equity
1,191
1,791
Cash flow statement
FY2023
FY2025
FY2025
Net income
15.3
192
216
Cash from operations
112
269
318
Capital expenditures
-0.43
-2.37
-4.84
Cash from investing
-1.42
-68.5
-144
Stock issued
378
Cash from financing
-10.7
-3.19
320
Exchange rate effect
4.07
-9.8
2.59
Net change in cash
104
187
497
Free cash flow
111
266
313
Interest paid
5.72
3.19
7.1
Income taxes paid
-1.21
14.6
18.4
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $26.39 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
1.8%
Gross profit / revenue.
Pre-tax margin
1.8%
Pre-tax income / revenue.
Net margin
1.6%
Net income / revenue.
FCF margin
2.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
2.3%
Cash from operations / revenue.
Effective tax rate
14.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
1.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
14.5%
Net income / average total assets.
R&D / revenue
1.1%
Research and development expense / revenue.
SG&A / revenue
1.8%
Selling, general and administrative expense / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
9.5%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
3.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
12.1%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
0.4%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
18.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
17.7%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
12.6%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
50.4%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.89x
Current assets / current liabilities.
Quick ratio
3.72x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.72x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
1.5%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$2.27
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$2.58
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$2.13B
Share price x shares outstanding.
Enterprise value
$850.3M
Market cap + total debt - cash - short-term investments.
P/E
9.85x
Market cap / net income. Only when net income is positive.
P/S
0.15x
Market cap / revenue.
P/B
0.13x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.13x
Market cap / tangible book value, when positive.
P/FCF
6.78x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
6.68x
Market cap / cash from operations, when positive.
EV/Sales
0.06x
Enterprise value / revenue.
EV/FCF
2.71x
Enterprise value / free cash flow, when both are positive.
FCF yield
14.7%
Free cash flow / market cap.
Earnings yield
10.1%
Net income / market cap (the inverse of P/E).
What was eToro Group Ltd.'s revenue in fiscal 2025?
eToro Group Ltd. reported revenue of $13.84B for fiscal 2025, 9.5% higher than the year before.
Was eToro Group Ltd. profitable in fiscal 2025?
Yes. Net income was $215.7M, a net margin of 1.6%.
How much free cash flow did eToro Group Ltd. generate in fiscal 2025?
Cash from operations of $318.2M minus capital expenditures of $4.8M left free cash flow of $313.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.