Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Ethos Technologies Inc. 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
FY2025
FY2025
Revenue
255
388
Cost of revenue
6.53
6.73
Gross profit
248
381
Selling and marketing
149
229
General and administrative
22.4
39.6
Operating income
48.7
72.9
Interest income
5.6
5.83
Other non-operating income
5.19
2.82
Pre-tax income
53.9
75.7
Income tax
5.1
4.59
Net income
48.8
71.2
EBITDA
54.2
78.3
EPS, basic
3.05
4.31
EPS, diluted
0.85
1.22
Shares, basic (weighted)
16
16.5
Shares, diluted (weighted)
57.6
58.4
Balance sheet
FY2025
FY2025
Cash and equivalents
35.1
91.1
Short-term investments
68.3
34.9
Receivables
30.3
36.5
Other current assets
26.1
54.6
Total current assets
175
246
Property, plant and equipment
7.42
8.19
Lease right-of-use assets
2.54
2.18
Goodwill
2.24
2.24
Intangible assets
0.22
0.66
Long-term investments
35
31.5
Total assets
396
515
Accounts payable
24.3
55.1
Accrued liabilities
19.2
39.2
Total current liabilities
67.6
113
Lease liabilities
1.86
1.23
Other non-current liabilities
1.5
0
Total liabilities
99
135
Paid-in capital
67
79
Retained earnings
-174
-103
Other comprehensive income
-0.48
-0.55
Shareholders' equity
-107
-24.1
Total equity
-107
-24.1
Total liabilities and equity
396
515
Shares outstanding
16
16.6
Cash flow statement
FY2025
FY2025
Net income
48.8
71.2
Depreciation and amortization
5.44
5.36
Stock-based compensation
3.17
10.6
Deferred income tax
3.91
4.62
Change in receivables
-13.6
-11.2
Change in payables
12.7
30.6
Cash from operations
-10.9
36.2
Capital expenditures
-0.78
-1.49
Purchases of investments
-155
-66.7
Sales and maturities of investments
145
99.9
Cash from investing
-0.9
31.9
Dividends paid
0
Cash from financing
21.9
-12
Exchange rate effect
0
-0.03
Net change in cash
10.1
56
Free cash flow
-11.7
34.7
Income taxes paid
0.52
1.76
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $34.30 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
98.3%
Gross profit / revenue.
Operating margin
18.8%
Operating income / revenue.
EBITDA margin
20.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
19.5%
Pre-tax income / revenue.
Net margin
18.4%
Net income / revenue.
FCF margin
9.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
9.3%
Cash from operations / revenue.
Effective tax rate
6.1%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
15.6%
Net income / average total assets.
Stock-based pay / revenue
2.7%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.4%
Capital expenditures / revenue.
D&A / revenue
1.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
52.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
53.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
49.6%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
44.5%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
45.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
43.5%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
30.2%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
1.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.17x
Current assets / current liabilities.
Quick ratio
1.44x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.11x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
4.1%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$1.22
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
$4.31
Net income per basic share, as reported (split-adjusted).
Revenue per share
$6.64
Revenue / diluted weighted shares.
FCF per share
$0.59
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.62
Cash from operations / diluted weighted shares.
Book value per share
-$1.45
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
0.0%
Dividends paid / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$2.19B
Share price x shares outstanding.
Enterprise value
$2.06B
Market cap + total debt - cash - short-term investments.
P/E
30.7x
Market cap / net income. Only when net income is positive.
P/S
5.64x
Market cap / revenue.
P/FCF
63.0x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
60.4x
Market cap / cash from operations, when positive.
EV/Sales
5.32x
Enterprise value / revenue.
EV/EBIT
28.3x
Enterprise value / operating income, when both are positive.
EV/EBITDA
26.3x
Enterprise value / EBITDA, when both are positive.
EV/FCF
59.3x
Enterprise value / free cash flow, when both are positive.
FCF yield
1.6%
Free cash flow / market cap.
Earnings yield
3.3%
Net income / market cap (the inverse of P/E).
Dividend yield
0.0%
Dividends paid over the period / market cap.
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was Ethos Technologies Inc.'s revenue in fiscal 2025?
Ethos Technologies Inc. reported revenue of $387.6M for fiscal 2025, 52% higher than the year before.
Was Ethos Technologies Inc. profitable in fiscal 2025?
Yes. Net income was $71.2M, a net margin of 18.4%.
How much free cash flow did Ethos Technologies Inc. generate in fiscal 2025?
Cash from operations of $36.2M minus capital expenditures of $1.5M left free cash flow of $34.7M.
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.