LIFE Nasdaq Insurance Agents, Brokers & Service Financials FY2024βFY2025
Ethos Technologies Inc. had $388M of revenue in fiscal 2025, up 52.0% on the year before.
Last close Β· Oct 23, 2026
$43.10
1.0%Hi! I read Ethos Technologies Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+52.0%
Yes. Sales grew 52.0% last year.
Does it make a profit?
18.4%
Yes. It keeps 18.4% of every sale as profit.
Does profit turn into cash?
9.0%
Partly. 9.0% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
35.3x
One share costs 35.3 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Ethos Technologies Inc. had $388M of revenue in fiscal 2025, up 52.0% on the year before. Its operating margin was 18.8%, down 0.3Β pts: of every 100 in sales, about 19 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Ethos Technologies Inc. made $71.2M of net profit in fiscal 2025. From fiscal 2024 to 2025, diluted EPS grew 43.5% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $34.7M in fiscal 2025, 9.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Ethos Technologies Inc. returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 1.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $10.0M and sold $94.9M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$10.0M
3 insiders
Sold, 12 months
$94.9M
12 insiders
Of sales under plans
28%
$26.4M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 16, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 40,000 | $37.77 | $1.5M | Form 4 |
| Oct 15, 2026 | Lingke WangPresident, Director | Sold plan | 118,333 | $38.36 | $4.5M | Form 4 |
| Oct 15, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 40,000 | $38.35 | $1.5M | Form 4 |
| Oct 14, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 40,000 | $39.07 | $1.6M | Form 4 |
| Sep 18, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 23,333 | $36.85 | $0.9M | Form 4 |
| Sep 17, 2026 | Lingke WangPresident, Director | Sold plan | 118,333 | $38.96 | $4.6M | Form 4 |
| Sep 17, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 23,333 | $38.85 | $0.9M | Form 4 |
| Sep 16, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 23,334 | $39.82 | $0.9M | Form 4 |
| Aug 21, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 28,600 | $33.38 | $1.0M | Form 4 |
| Aug 20, 2026 | SC US (Ttgp), LTD.10% owner | Sold | 107,795 | $33.12 | $3.6M | Form 4 |
| Aug 20, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 27,924 | $32.93 | $0.9M | Form 4 |
| Aug 20, 2026 | Lingke WangPresident, Director | Sold plan | 118,333 | $33.29 | $3.9M | Form 4 |
| Aug 20, 2026 | Brandt Walter KucharskiChief Accounting Officer | Sold plan | 8,735 | $32.47 | $0.3M | Form 4 |
| Aug 19, 2026 | Peter George ColisCEO and Secretary, Director | Sold plan | 27,924 | $33.00 | $0.9M | Form 4 |
| Aug 19, 2026 | SC US (Ttgp), LTD.10% owner | Sold | 34,821 | $32.82 | $1.1M | Form 4 |
| Aug 17, 2026 | Peter George ColisCEO and Secretary, Director | Sold | 29,342 | $34.18 | $1.0M | Form 4 |
| Aug 17, 2026 | Brandt Walter KucharskiChief Accounting Officer | Sold plan | 5,611 | $34.26 | $0.2M | Form 4 |
| Aug 17, 2026 | Lingke WangPresident, Director | Sold | 22,623 | $34.28 | $0.8M | Form 4 |
| Aug 17, 2026 | Christopher M. CapozziChief Financial Officer | Sold | 26,184 | $34.14 | $0.9M | Form 4 |
| Aug 14, 2026 | Brandt Walter KucharskiChief Accounting Officer | Sold plan | 77,436 | $34.93 | $2.7M | Form 4 |
| Jul 28, 2026 | GV 2021, L.P.10% owner | Sold | 118,138 | $18.90 | $2.2M | Form 4 |
| Jul 27, 2026 | GV 2021, L.P.10% owner | Sold | 196,931 | $19.46 | $3.8M | Form 4 |
| Jul 24, 2026 | GV 2021 GP, L.l.c.10% owner | Sold | 23,417 | $18.88 | $0.4M | Form 4 |
| Jul 23, 2026 | GV 2021 GP, L.l.c.10% owner | Sold | 63,297 | $19.06 | $1.2M | Form 4 |
| Jul 22, 2026 | GV 2019 GP, L.P.10% owner | Sold | 49,582 | $19.23 | $1.0M | Form 4 |
| Jul 21, 2026 | GV 2019 GP, L.P.10% owner | Sold | 22,900 | $19.06 | $0.4M | Form 4 |
| Jul 20, 2026 | GV 2019, L.P.10% owner | Sold | 18,386 | $18.87 | $0.3M | Form 4 |
| Jul 17, 2026 | GV 2019, L.P.10% owner | Sold | 20,534 | $18.68 | $0.4M | Form 4 |
| Jul 16, 2026 | GV 2019, L.P.10% owner | Sold | 19,595 | $18.73 | $0.4M | Form 4 |
| Jul 15, 2026 | GV 2019, L.P.10% owner | Sold | 74,492 | $19.66 | $1.5M | Form 4 |
| May 15, 2026 | Brandt Walter KucharskiChief Accounting Officer | Sold | 5,823 | $22.06 | $0.1M | Form 4 |
| May 15, 2026 | Peter George ColisCEO and Secretary, Director | Sold | 60,035 | $22.07 | $1.3M | Form 4 |
| May 15, 2026 | Lingke WangPresident, Director | Sold | 46,349 | $22.11 | $1.0M | Form 4 |
| May 15, 2026 | GV 2019, L.P.10% owner | Sold | 87,475 | $23.75 | $2.1M | Form 4 |
| May 15, 2026 | Christopher M. CapozziChief Financial Officer | Sold | 80,586 | $22.13 | $1.8M | Form 4 |
| May 14, 2026 | GV 2019, L.P.10% owner | Sold | 60,077 | $23.01 | $1.4M | Form 4 |
| Jan 30, 2026 | Mark W. MullinDirector | Bought | 5,263 | $19.00 | $0.1M | Form 4 |
| Jan 30, 2026 | GV 2017 GP, L.l.c.10% owner | Sold | 1,845,308 | $19.00 | $35.1M | Form 4 |
| Jan 30, 2026 | Erin N LantzChief Revenue Officer | Sold | 162,677 | $17.86 | $2.9M | Form 4 |
| Jan 30, 2026 | Brandt Walter KucharskiChief Accounting Officer | Sold | 12,428 | $17.86 | $0.2M | Form 4 |
| Jan 30, 2026 | Vipul SharmaChief Technology Officer | Sold | 200,000 | $17.86 | $3.6M | Form 4 |
| Jan 30, 2026 | William J WheelerDirector | Bought | 260,525 | $19.00 | $4.9M | Form 4 |
| Jan 29, 2026 | Roelof BothaDirector, 10% owner | Bought | 260,525 | $19.00 | $4.9M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Ethos Technologies Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $103M | $126M |
| Current ratio | 2.6x | 2.2x |
| Quick ratio | 2.6x | 2.2x |
| Total assets | $396M | $515M |
| Total liabilities | $99.0M | $135M |
| Shareholders' equity | β$107M | β$24.1M |
| Net debt (β = net cash) | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Ethos Technologies Inc. passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | β | β |
| Cash from operations is positive | β | β |
| Return on assets rose | β | β |
| Cash from operations exceeds net income | β | β |
| Debt fell relative to assets | β | β |
| Current ratio rose | β | β |
| Share count didn't rise | β | β |
| Gross margin rose | β | β |
| Revenue rose relative to assets | β | β |
| F-score | β / 3 | 5 / 8 |
| Accruals ratio | 15.1% | 7.7% |
| Altman Z'' | 0.04 | 1.80 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $255M | $388M |
| Gross profit | $248M | $381M |
| Operating income | $48.7M | $72.9M |
| Pretax income | $53.9M | $75.7M |
| Income tax | $5.1M | $4.6M |
| Net income | $48.8M | $71.2M |
| Diluted EPS | $0.85 | $1.22 |
| Diluted shares | 0.06B | 0.06B |
| Cash flow | ||
| Cash from operations | β$10.9M | $36.2M |
| Capital expenditure | $0.8M | $1.5M |
| Free cash flow | β$11.7M | $34.7M |
| Depreciation and amortization | $5.4M | $5.4M |
| Stock-based compensation | $3.2M | $10.6M |
| Dividends paid | β | $0.0M |
| Dividends and buybacks | β | $0.0M |
| Balance sheet | ||
| Cash and short-term investments | $103M | $126M |
| Current assets | $175M | $246M |
| Current liabilities | $67.6M | $113M |
| Property and equipment, net | $7.4M | $8.2M |
| Goodwill | $2.2M | $2.2M |
| Intangible assets | $0.2M | $0.7M |
| Total assets | $396M | $515M |
| Total liabilities | $99.0M | $135M |
| Shareholders' equity | β$107M | β$24.1M |
| Margins | ||
| Gross margin | 97.4% | 98.3% |
| Operating margin | 19.1% | 18.8% |
| EBITDA margin | 21.3% | 20.2% |
| Net margin | 19.2% | 18.4% |
| FCF margin | β4.6% | 9.0% |
| Returns | ||
| Return on capital employed | 14.8% | 18.1% |
| Return on assets | 12.3% | 15.6% |
| Growth | ||
| Revenue growth | β | 52.0% |
| Net income growth | β | 45.7% |
| EPS growth | β | 43.5% |
| Share count change | β | 1.4% |
| Financial health | ||
| Current ratio | 2.6x | 2.2x |
| Quick ratio | 2.6x | 2.2x |
| Capital allocation | ||
| Capex / revenue | 0.3% | 0.4% |
| Stock comp / revenue | 1.2% | 2.7% |
| Payouts / FCF | β | 0.0% |
| Quality scores | ||
| Piotroski F-score | β | 5.0 |
| Altman Z'' | 0.0 | 1.8 |
| Accruals ratio | 15.1% | 7.7% |
Source: SEC EDGAR XBRL filings (CIK 0001788451). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
