EHTH on Nasdaq

eHealthInsurance

Logo: eHealthInsurance, Public domain, via Wikimedia Commons4

Private online marketplace for health insurance

eHealth, or eHealthInsurance Services, Inc., is a publicly traded online marketplace (through holding company eHealth, Inc.) that specializes in health insurance serving as a licensed health insurance agency and advisor. The company helps people compare health insurance plans from over 180 insurance carriers, including Medicare coverage options such as Medicare Advantage, Medigap, and prescription drug plans.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

1997Founded1

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  • TickerEHTH on Nasdaq1
  • Industryinsurance1
  • HeadquartersSanta Clara1
  • Websitewww.ehealthinsurance.com
  • Incorporated inDE5
  • Business address9190 Priority Way West Dr., Suite 110, Indianapolis, In 462405
  • Filer categoryAccelerated filer, Smaller reporting company5

eHealth, or eHealthInsurance Services, Inc., is a publicly traded online marketplace (through holding company eHealth, Inc.) that specializes in health insurance serving as a licensed health insurance agency and advisor. The company helps people compare health insurance plans from over 180 insurance carriers, including Medicare coverage options such as Medicare Advantage, Medigap, and prescription drug plans.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

43.5%Gross margin7
12.0%Operating margin7
7.2%Net margin7
4.1%Revenue growth, 20257
6.8%Return on equity7
0.19×Debt to equity7
-$27.6MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commission Members Approved During Current Period brought in 75% of the revenue eHealthInsurance broke down this way in fiscal 2025.

  1. Commission Members Approved During Current Period$444.7M775%up 4% from 2024
  2. Product and Service, Other$56.1M79%down 21% from 2024
  3. Commission Members Approved In Prior Periods$44.4M78%up 95% from 2024
  4. Ancillaries$19.2M73%up 78% from 2024
  5. Small Business$11.1M72%down 4% from 2024
  6. Commission Revenue From Renewals$8.9M71%down 7% from 2024
  7. Individual and Family$3.8M71%down 54% from 2024
  8. Commission Bonus$3.0M71%down 17% from 2024
Products and services by year
Products and services20242025
Commission Members Approved During Current Period$429.4M$444.7M
Product and Service, Other$70.8M$56.1M
Commission Members Approved In Prior Periods$22.7M$44.4M
Ancillaries$10.8M$19.2M
Small Business$11.5M$11.1M
Commission Revenue From Renewals$9.6M$8.9M
Individual and Family$8.4M$3.8M
Commission Bonus$3.6M$3.0M

Business segments

Medicare brought in 96% of the revenue eHealthInsurance broke down this way in fiscal 2025.

  1. Medicare$531.2M796%up 6% from 2024
  2. Employer And Individual$22.8M74%down 28% from 2024
Business segments by year
Business segments20242025
Medicare$500.6M$531.2M
Employer And Individual$31.8M$22.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue0¢$1.3M
  • Research and development2¢$13.8M
  • Other costs87¢$480.1M
  • Income tax3¢$18.7M
  • Profit7¢$40.0M

Out of $554.0M in revenue.7

Financial statements

Revenue8910117$554.0M in 2025+9% since 2019
0$200.0M$400.0M$600.0M2019: $506.2M$506.2M20192020: $582.8M$582.8M2020+15%2021: $538.2M$538.2M2021−8%2022: $405.4M$405.4M2022−25%2023: $452.9M$452.9M2023+12%2024: $532.4M$532.4M2024+18%2025: $554.0M$554.0M2025+4%
Gross profit117$240.8M in 2025+51% since 2023
0$100.0M$200.0M$300.0M2023: $159.2M$159.2M20232024: $208.5M$208.5M2024+31%2025: $240.8M$240.8M2025+15%
Operating income8910117$66.5M in 2025−18% since 2019
-$200.0M-$100.0M0$100.0M2019: $81.4M$81.4M20192020: $53.3M$53.3M2020−34%2021: -$125.6M-$125.6M20212022: -$102.7M-$102.7M2022−18%2023: -$29.1M-$29.1M2023−72%2024: $23.6M$23.6M20242025: $66.5M$66.5M2025+182%
Net income8910117$40.0M in 2025−40% since 2019
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $66.9M$66.9M20192020: $45.5M$45.5M2020−32%2021: -$104.4M-$104.4M20212022: -$88.7M-$88.7M2022−15%2023: -$28.2M-$28.2M2023−68%2024: $10.1M$10.1M20242025: $40.0M$40.0M2025+298%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Total revenue$554.0M$532.4M
Marketing and advertising$181.2M$192.6M
Customer care and enrollment$162.9M$163.4M
Technology and content$51.8M$53.5M
General and administrative$89.6M$89.8M
Impairment, restructuring and other charges$2.0M$9.5M
Total operating costs and expenses$487.5M$508.8M
Income from operations$66.5M$23.6M
Interest expense-$10.8M-$11.2M
Other income, net$3.0M$6.9M
Income before income taxes$58.7M$19.3M
Provision for income taxes$18.7M$9.3M
Net income$40.0M$10.1M
Preferred stock dividends-$23.6M-$22.2M
Change in preferred stock redemption value-$26.8M-$22.8M
Net loss attributable to common stockholders-$10.4M-$35.0M
Basic (in dollars per share)-$0.34-$1.19
Diluted (in dollars per share)-$0.34-$1.19
Basic (in shares)30.5M shares29.3M shares
Diluted (in shares)30.5M shares29.3M shares
Unrealized holding gain (loss) on available for sale debt securities, net of tax-$16.0K$55.0K
Foreign currency translation adjustments$188.0K-$207.0K
Comprehensive income$40.2M$9.9M

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The story

eHealth, Inc. was founded in 1997. The founder, Vip Patel, started the company in Silicon Valley after a personal experience getting food poisoning and lacking health insurance.

In 2006, the company became a public company via an initial public offering. The company opened at the NASDAQ exchange with $14 a share.

In 2010, eHealth acquired PlanPrescriber, Inc. for $28.7 million in cash. PlanPrescriber provides tools to help people choose the right Medicare plan.

In 2013, eHealth, along with other "web brokers", signed deals with Healthcare.gov to enroll subsidy-eligible consumers in the newly approved health plans offered through the Patient Protection and Affordable Care Act.

In 2014, eHealth acquired the Medicare.com domain name for $4.8 million.

In May 2016, the company appointed Scott Flanders, a director of the company since 2008, as CEO. Former CEO Gary Lauer continued in an advisory role through the end of 2016.

In August 2016, eHealth announced that it had insured 5 million people..

In 2018, eHealth acquired GoMedigap, a consumer acquisition and engagement electronic platform tailored to Medigap insurance.

Read the full text

In 2019 eHealth announced the development of an Eastern Headquarters in Indianapolis, Indiana.

In 2020, eHealth announced its follow-on public offering of 1,800,000 shares, priced at $115/share, of its common stock, designed to raise an additional $207M. Three days later they announced the closing of the offering, with the 275,000 share option also having been exercised, raising a net proceeds of approximately $227.5 million after deducting underwriting discounts and commissions and the estimated expenses of the offering.

In 2021, eHealth appointed Fran Soistman as CEO. Former CEO Scott Flanders continued in an advisory role through the end of 2021.

In August 2022, eHealth announced that it had begun offering Individual Coverage Health Reimbursement Arrangement (ICHRA) products and services to employer customers as part of its employer-facing benefits platform. The company stated that the offering allowed employers to provide defined contributions toward employees’ individual health insurance purchases rather than traditional group coverage.

In November 2022, eHealth marked its 25th anniversary since its founding in 1997 as an online health insurance marketplace. The company reported that it had connected millions of consumers with individual, family, and Medicare insurance plans through its platform over that period.

In 2023, eHealth introduced a refreshed brand identity and a new consumer-facing spokesperson named “Eve” as part of its marketing strategy for its Medicare and individual insurance platforms. The rebranding was presented as part of efforts to simplify consumer engagement with its insurance comparison tools.

In January 2025, eHealth launched “Iris,” an employer-focused platform designed to support administration of ICHRA-based health benefits. The system was positioned as an end-to-end tool for employers to manage contributions and employee plan selection in the individual insurance market. In April 2025, the company introduced an artificial intelligence–based voice assistant named “Alice” to support customer service interactions and insurance enrollment assistance.

In July 2025, eHealth announced the appointment of Derrick Duke as chief executive officer, succeeding Fran Soistman, who retired from the role. The leadership transition was reported in financial press coverage of the company’s restructuring and strategic focus on Medicare and employer health benefits.

In February 2026, eHealth stated that it was shifting its customer service model to what it described as “lifelong guidance” and continuous support for consumers beyond initial enrollment periods. The company indicated that this approach was intended to emphasize ongoing plan optimization and assistance rather than one-time insurance enrollment transactions.

From Wikipedia’s article on EHealthInsurance, shared under CC BY-SA 4.0.6

Leadership

Who has led eHealthInsurance, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Products and brands

  • health insurance

Listed on Wikidata.1

Timeline

  1. Sep 19, 2025New chief executive Derrick A. Duke becomes CEO16
  2. Nov 4, 2021New chief executive Francis S. Soistman Jr. becomes CEO17
  3. Aug 4, 2016New chief executive Scott N. Flanders becomes CEO18
  4. Oct 12, 2006New chief executive Gary L. Lauer becomes CEO19
  5. 1997Founded Founded1

Filings

410 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 250 insider forms, 40 large holders, 44 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 2, 2026144 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 1, 2026144 EDGAR
  7. Sep 11, 20264 EDGAR
  8. Sep 11, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Sep 3, 20264 EDGAR
  12. Sep 2, 20264 EDGAR
  13. Sep 1, 2026144 EDGAR
  14. Aug 31, 2026144 EDGAR
  15. Aug 13, 2026SCHEDULE 13G/A EDGAR
  16. Aug 5, 20264 EDGAR
  17. Aug 5, 2026S-8 EDGAR
  18. Aug 5, 202610-Q EDGAR
  19. Aug 4, 20268-K EDGAR
  20. Jul 28, 2026SCHEDULE 13G/A EDGAR

The 410 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

28 open-market trades by officers, directors and large owners since October 2021: 21 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026SOISTMAN FRANCIS S JRDirectorSale37,297$1.05$39.2KForm 4
Aug 31, 2026SOISTMAN FRANCIS S JRDirectorSale37,296$1.14$42.5KForm 4
Mar 6, 2026Dolan John JosephChief Financial OfficerBuy25,000$1.53$38.2KForm 4
Feb 27, 2026DUKE DERRICK AChief Executive OfficerBuy187,969$1.38$259.4KForm 4
May 28, 2025Galimi Gavin G.SVP, General Counsel & Secr.Buy9,500$4.32$41.0KForm 4
Nov 11, 2024WOLF DALE BDirectorSale16,403$5.22$85.6KForm 4
Nov 8, 2024WOLF DALE BDirectorSale3,597$5.35$19.2KForm 4
Aug 20, 2024Galimi Gavin G.SVP, General Counsel & Secr.Buy7,000$4.04$28.3KForm 4
Aug 8, 2024Galimi Gavin G.SVP, General Counsel & Secr.Buy10,365$4.12$42.7KForm 4
Aug 8, 2024Stelben John JSVP, Chief Financial OfficerBuy20,000$4.16$83.2KForm 4
Aug 8, 2024SOISTMAN FRANCIS S JRDirectorBuy50,000$4.07$203.5KForm 4
Sep 15, 2023WOLF DALE BDirectorBuy15,000$7.05$105.8KForm 4
Jun 15, 2023Galimi Gavin G.SVP, General Counsel & Secr.Buy2,000$9.01$18.0KForm 4
May 31, 2023WOLF DALE BDirectorBuy2,668$6.42$17.1KForm 4
May 30, 2023WOLF DALE BDirectorBuy10,264$6.37$65.4KForm 4
May 30, 2023Galimi Gavin G.SVP, General Counsel & Secr.Buy5,500$6.52$35.9KForm 4
Nov 22, 2022SOISTMAN FRANCIS S JRDirectorBuy80,000$3.08$246.4KForm 4
Nov 17, 2022WOLF DALE BDirectorSale5,000$3.24$16.2KForm 4
Mar 14, 2022WOLF DALE BDirectorBuy10,000$9.99$99.9KForm 4
Mar 11, 2022WOLF DALE BDirectorBuy10,000$10.56$105.6KForm 4

All 28 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Nantahala Capital Management, LLC3,522,882$5.2M0.2%+1,761,441
Aqr Capital Management LLC2,288,414$3.4M0.0%+573,302
Palo Alto Investors LP1,482,797$2.2M0.3%No change
BlackRock, Inc.1,342,468$2.0M0.0%−1,349,319
Vanguard Capital Management LLC1,180,462$1.8M0.0%−25,965
Assenagon Asset Management S.A.945,138$1.4M0.0%+683,285
D. E. Shaw & Co., Inc.568,229$846.7K0.0%+98,678
Dimensional Fund Advisors LP551,494$821.7K0.0%−276,706
Redwood Capital Management, LLC467,395$696.4K0.1%No change
Goldman Sachs Group Inc447,455$666.7K0.0%+4,571
Eversept Partners, LP404,854$603.2K0.0%+183,939
Geode Capital Management, LLC325,490$485.2K0.0%−410,818
Jane Street Group, LLC315,694$470.4K0.0%+242,092
Centiva Capital, LP286,597$427.0K0.0%−22,104
RBF Capital, LLC265,800$396.0K0.0%No change
Millennium Management LLC247,914$369.4K0.0%New
Citadel Advisors LLC205,066$305.5K0.0%New
Vanguard Fiduciary Trust Co194,639$290.0K0.0%+17,551
Quinn Opportunity Partners LLC174,000$259.3K0.0%+60,000
Arrowstreet Capital, Limited Partnership173,843$259.0K0.0%New
Bank Of America Corp /de/169,415$252.4K0.0%−53,853
State Street Corp139,825$208.3K0.0%−306,738
Marshall Wace, Llp133,900$199.5K0.0%New
Morgan Stanley120,703$179.8K0.0%+700
Mackenzie Financial Corp103,253$153.8K0.0%−189,269

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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