ETOR on Nasdaq
eToro Group Ltd.
Security brokers company that raised $37.7 million in 2022 (SEC Form D).1
$24.38 down 0.51 (2.05%)Price as of Oct 16, 2026 at 19:58 UTC
Last updated Oct 18, 2026.
Overview
Compare with Raymond James Financial, Charles Schwab Corporation or BlackRock, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue95¢$13.6B
- Research and development1¢$151.2M
- Selling, general and admin2¢$243.6M
- Interest0¢$37.5M
- Income tax0¢$37.7M
- Profit2¢$215.7M
Out of $13.8B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending2¢$4.8M
- Kept or used elsewhere98¢$313.4M
Out of $318.2M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net trading income from equities, commodities and currencies | $399.4M | $328.7M | $305.9M |
| Revenue from cryptoassets | $13.0B | $12.1B | $3.4B |
| Net trading income (loss) from cryptoassets derivatives | $124.0M | -$130.7M | -$63.1M |
| Net interest income from users | $213.4M | $197.2M | $157.2M |
| Currency conversion and other income | $96.0M | $81.4M | $44.3M |
| Other interest income | $30.1M | $16.7M | $10.1M |
| Total revenue and income | $13.8B | $12.6B | $3.9B |
| Cost of revenue from cryptoassets | $12.9B | $11.8B | $3.3B |
| Margin interest expense | $37.5M | $36.7M | $25.3M |
| Research and development | $151.2M | $131.1M | $128.9M |
| Selling and marketing | $208.7M | $178.4M | $149.4M |
| General, administrative and operating costs | $243.6M | $228.0M | $246.5M |
| Finance and other expense, net | $11.4M | $4.6M | $3.9M |
| Total costs | $13.6B | $12.4B | $3.9B |
| Income before taxes on income | $253.4M | $245.6M | $27.7M |
| Taxes on income | $37.7M | $53.2M | $12.5M |
| Net income | $215.7M | $192.4M | $15.3M |
| Cash flow hedges, net of tax | $3.6M | $1.9M | |
| Other comprehensive income for the year, net of tax | $3.6M | $1.9M | |
| Total comprehensive income | $219.3M | $194.2M | $15.3M |
| Basic net income per share (in Dollars per share) | $2.58 | $2.55 | $0.21 |
| Diluted net income per share (in Dollars per share) | $2.27 | $2.26 | $0.18 |
| Basic (in Shares) | 83.5M shares | 75.6M shares | 73.7M shares |
| Diluted (in Shares) | 95.1M shares | 85.3M shares | 82.8M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $575.4M | $388.3M | $284.6M |
| Restricted cash | $329.0K | $314.0K | ||
| Short-term investments | $202.7M | $65.0M | ||
| Counterparties | $249.1M | $224.9M | ||
| Cryptoassets | $62.6M | $113.3M | ||
| Receivable from omnibus accounts | $26.8M | $50.5M | ||
| Other receivables and prepaid expenses | $61.3M | $46.0M | ||
| CURRENT ASSETS | $1.7B | $1.1B | ||
| Restricted cash | $11.7M | $11.6M | ||
| Right of use assets | $41.9M | $44.4M | ||
| Property and equipment, net | $7.4M | $5.0M | ||
| Goodwill and other intangible assets, net | $43.2M | $46.3M | ||
| Deferred taxes | $11.8M | $8.6M | ||
| NON-CURRENT ASSETS | $115.9M | $116.0M | ||
| TOTAL ASSETS | $1.8B | $1.2B | ||
| Accounts payable | $4.4M | $4.2M | ||
| Current maturities of long-term lease liabilities | $6.0M | $4.8M | ||
| Other short term liabilities | $9.0M | |||
| Payable to users | $107.8M | $103.5M | ||
| Accrued expenses and other payables | $215.4M | $193.1M | ||
| CURRENT LIABILITIES | $342.7M | $305.6M | ||
| Employee benefit liabilities, net | $962.0K | $1.3M | ||
| Long-term lease liabilities | $48.5M | $43.5M | ||
| Deferred taxes liability | $4.7M | $3.0M | ||
| Other long-term liabilities | $5.7M | |||
| NON-CURRENT LIABILITIES | $54.1M | $53.4M | ||
| Common share premium | $1.3B | $474.5M | ||
| Preferred share premium | $397.0M | |||
| Treasury shares | -$62.1M | -$2.6M | ||
| Advanced Investment Agreement | $9.1M | $9.1M | ||
| Other capital reserve | $5.4M | $1.9M | ||
| Retained Earnings (accumulated deficit) | $168.2M | -$47.4M | ||
| Total equity | $1.4B | $832.4M | $597.6M | $515.4M |
| TOTAL LIABILITIES AND EQUITY | $1.8B | $1.2B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $575.4M | $388.3M | $284.6M |
| Restricted cash | $329.0K | $314.0K | ||
| Short-term investments | $202.7M | $65.0M | ||
| Counterparties | $249.1M | $224.9M | ||
| Cryptoassets | $62.6M | $113.3M | ||
| Receivable from omnibus accounts | $26.8M | $50.5M | ||
| Other receivables and prepaid expenses | $61.3M | $46.0M | ||
| CURRENT ASSETS | $1.7B | $1.1B | ||
| Restricted cash | $11.7M | $11.6M | ||
| Right of use assets | $41.9M | $44.4M | ||
| Property and equipment, net | $7.4M | $5.0M | ||
| Goodwill and other intangible assets, net | $43.2M | $46.3M | ||
| Deferred taxes | $11.8M | $8.6M | ||
| NON-CURRENT ASSETS | $115.9M | $116.0M | ||
| TOTAL ASSETS | $1.8B | $1.2B | ||
| Accounts payable | $4.4M | $4.2M | ||
| Current maturities of long-term lease liabilities | $6.0M | $4.8M | ||
| Other short term liabilities | $9.0M | |||
| Payable to users | $107.8M | $103.5M | ||
| Accrued expenses and other payables | $215.4M | $193.1M | ||
| CURRENT LIABILITIES | $342.7M | $305.6M | ||
| Employee benefit liabilities, net | $962.0K | $1.3M | ||
| Long-term lease liabilities | $48.5M | $43.5M | ||
| Deferred taxes liability | $4.7M | $3.0M | ||
| Other long-term liabilities | $5.7M | |||
| NON-CURRENT LIABILITIES | $54.1M | $53.4M | ||
| Common share premium | $1.3B | $474.5M | ||
| Preferred share premium | $397.0M | |||
| Treasury shares | -$62.1M | -$2.6M | ||
| Advanced Investment Agreement | $9.1M | $9.1M | ||
| Other capital reserve | $5.4M | $1.9M | ||
| Retained Earnings (accumulated deficit) | $168.2M | -$47.4M | ||
| Total equity | $1.4B | $832.4M | $597.6M | $515.4M |
| TOTAL LIABILITIES AND EQUITY | $1.8B | $1.2B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $215.7M | $192.4M | $15.3M |
| Depreciation, amortization and impairment | $13.0M | $11.3M | $12.3M |
| Share-based payment | $16.1M | $27.1M | $66.1M |
| Evaluation of liabilities | $3.3M | ||
| Revaluation of fair value of cryptoassets and counterparties | $29.6M | -$36.0M | -$4.3M |
| Non-cash revenue from staking and blockchain rewards | -$37.4M | -$21.0M | -$15.6M |
| Non-cash costs from staking and blockchain rewards | $25.4M | $13.4M | $7.7M |
| Finance and other expenses, net | $11.4M | $4.6M | $3.9M |
| Taxes on income, net | $37.7M | $53.2M | $12.5M |
| Total adjustments to profit or loss | $99.2M | $52.8M | $82.6M |
| Decrease (increase) of counterparties | -$52.5M | -$34.5M | $22.3M |
| Decrease (increase) of cryptoassets | $55.7M | $8.6M | -$32.7M |
| Decrease (increase) of other receivables and prepaid expenses | -$7.1M | -$3.9M | $7.1M |
| Decrease (increase) of restricted cash | $30.0K | -$857.0K | $1.8M |
| Increase of user and omnibus accounts, net | $33.7M | $30.5M | $1.4M |
| Increase (decrease) of accounts payable | -$2.4M | $2.2M | -$7.5M |
| Increase of accrued expenses and other payables | $1.9M | $39.7M | $26.3M |
| Decrease of employee benefit liabilities, net | -$459.0K | -$555.0K | -$157.0K |
| Total changes in asset and liability | $28.9M | $41.2M | $18.5M |
| Interest paid, net during the year | -$7.1M | -$3.2M | -$5.7M |
| Taxes received (paid), net during the year | -$18.4M | -$14.6M | $1.2M |
| Net cash provided by operating activities | $318.2M | $268.6M | $111.8M |
| Increase of short-term investments | -$427.3M | -$65.0M | |
| Decrease of short-term investments | $289.7M | ||
| Increase of investments | -$500.0K | ||
| Purchase of property and equipment | -$4.8M | -$2.4M | -$425.0K |
| Purchase of intangible assets | -$635.0K | -$546.0K | -$996.0K |
| Acquisition of Spaceship (see Note b) | -$609.0K | ||
| Net cash used in investing activities | -$143.5M | -$68.5M | -$1.4M |
| Exercise of options | $6.1M | $929.0K | $2.3M |
| Repayment of lease liability | -$4.6M | -$4.1M | -$3.5M |
| Issuance of class A common share upon initial public offering, net of underwriting discounts, commissions and other issuance costs | $377.9M | ||
| Repurchase of treasury shares | -$59.5M | -$2.6M | |
| Proceeds paid to credit facility | -$7.0M | ||
| Net cash provided by (used in) financing activities | $319.9M | -$3.2M | -$10.7M |
| Exchange differences on balances of cash and cash equivalents | $2.6M | -$9.8M | $4.1M |
| Increase in cash and cash equivalents | $497.2M | $187.1M | $103.8M |
| Recognition of right-of-use assets against lease liabilities | $4.2M | $16.9M | $1.8M |
| Taxes derived from share-based payments | $446.0K | ||
| Exercise of options | $1.9M | ||
| Repurchase of treasury shares | $1.4M | ||
| Fair value changes on hedging instruments | $3.6M | ||
| Conversion of Advanced Investment Agreement | $240.9M | ||
| Issuance of shares in respect of acquisition | $732.0K | ||
| Share-based payment in respect of asset acquisition | $150.0K | $427.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led eToro Group Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerHedva Ber Mar 18, 2026 to now6
- Chief executive officerJonathan Alexander Assia Mar 18, 2026 to now7
- Chief financial officerMeron Shani Mar 18, 2026 to now8
- Chief operating officerHedva Ber Mar 18, 2026 to now6
Board members and other officers (7)
- Board memberEddy Shalev Mar 18, 2026 to now9
- Board memberJonathan Alexander Assia Mar 18, 2026 to now7
- Board memberLaura S. Unger Mar 18, 2026 to now10
- Board memberLior Shemesh Mar 18, 2026 to now11
- Board memberRonen Assia Mar 18, 2026 to now12
- Board memberSanto Politi Mar 18, 2026 to now13
- Board memberAvner Stepak Apr 6, 2026 to now14
Products and brands
Listed on Wikidata.1
Subsidiaries and ownership
Subsidiaries
- eToro (Europe) Ltd
- eToro (UK) Ltd
- eToro Limited
Also owns
From Wikidata.1
Former names
- Tradonomi Ltd.Jun 9, 2010 to Jan 14, 20115
Timeline
Filings
105 filings to the SEC since October 2021: 1 annual reports, 22 insider forms, 17 large holders, 1 private raises, 64 other. The latest 20:
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 4, 2026SCHEDULE 13D/A EDGAR
- Sep 4, 20264 EDGAR
- Aug 31, 20264 PRIMARY DOCUMENT EDGAR
- Aug 28, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026144 EDGAR
- Aug 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 4, 20264 PRIMARY DOCUMENT EDGAR
- Aug 4, 20264 PRIMARY DOCUMENT EDGAR
- Aug 4, 2026SCHEDULE 13G/A EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 1, 2026144 EDGAR
- Jun 1, 2026144 EDGAR
- May 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
The 105 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:
- Sep 4, 2026SCHEDULE 13D/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 4, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13D/A
- May 14, 2026SCHEDULE 13G
- Apr 27, 2026SCHEDULE 13G
- Apr 15, 2026SCHEDULE 13G/A
- Feb 26, 2026SCHEDULE 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Oct 14, 2022Raised $37.7 million in a private offering of equity Form D: 53 investors so far Form D
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 6, 2026 | Bernie MorenoRepublican, Senate | Sale | $100,001 - $250,000 | +42.0% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- WikidataQ126066845
- SEC EDGARCIK 1493318
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataeToro Group Ltd. on Wikidata
- 2
- 3Yahoo FinanceETOR quote
- 4
- 5
- 6SEC EDGARHedva Ber, Chief executive officer
- 7
- 8SEC EDGARMeron Shani, Chief financial officer
- 9SEC EDGAREddy Shalev, Board member
- 10SEC EDGARLaura S. Unger, Board member
- 11SEC EDGARLior Shemesh, Board member
- 12SEC EDGARRonen Assia, Board member
- 13SEC EDGARSanto Politi, Board member
- 14SEC EDGARAvner Stepak, Board member
- 15