Overview
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- TickerETOR on Nasdaq1
- IndustrySecurity Brokers, Dealers & Flotation Companies1
- HeadquartersRoad Town, British Virgin Islands1
- Incorporated inVirgin Islands, British6
- Business address30 Sheshet Hayamim Street, Bnei Brak6
- Filer categoryNon-accelerated filer6
- Legal formOther3
- LEI213800XPRPJK2X5QRG863
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O TRIDENT TRUST COMPANY (B.V.I.) LIMITED, VG1110 Road Town, British Virgin Islands3
- Registered withRegistry of Corporate Affairs (British Virgin Islands Financial Services Commission), 13730683
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.5
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.5
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| 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.5
| 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.5
| 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.
Corporate structure
eToro Group Ltd. sits at the top of its group. 14 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of eToro Group Ltd.
- Spark Capital II LP Filed SCHEDULE 13D/A on eToro Group Ltd., latest Sep 4, 2026 (5 filings since May 21, 2025)
- PEAK6 Capital Management LLC Filed SCHEDULE 13G/A on eToro Group Ltd., latest Aug 14, 2026 (3 filings since May 14, 2026)
- China Vered Financial Holding Corp Ltd Filed SCHEDULE 13G/A on eToro Group Ltd., latest Aug 4, 2026
- Harel Insurance Investments & Financial Services Ltd. Filed SCHEDULE 13G/A on eToro Group Ltd., latest Jul 29, 2026 (2 filings since Apr 27, 2026)
- BRM Group Ltd. Filed SCHEDULE 13G/A on eToro Group Ltd., latest Apr 15, 2026 (2 filings since Aug 25, 2025)
- Andalusian Private Capital, LP Filed SCHEDULE 13G/A on eToro Group Ltd., latest Jan 8, 2026 (2 filings since Aug 21, 2025)
- Spc Cm Filed SCHEDULE 13G on eToro Group Ltd., latest Aug 4, 2025
- Jonathan Alexander Assia Filed SCHEDULE 13D on eToro Group Ltd., latest May 22, 2025
- eToro Group Ltd. Road Town, British Virgin Islands
- eToro Subsidiary · תל אביב-יפו
- ETORO (EUROPE) LIMITED Subsidiary · 100% · Λεμεσός, Cyprus
- ETORO MONEY MALTA LTD Subsidiary · 100% · Mosta, Malta
- SPACESHIP CAPITAL LIMITED Subsidiary · 100% · Sydney, Australia
- SPACESHIP MASTER FUND Fund · Sydney, Australia
- SPACESHIP UNIVERSE PORTFOLIO Fund · Sydney, Australia
- ETORO (ME) LIMITED Subsidiary · Abu Dhabi, United Arab Emirates
- ETORO (SEYCHELLES) LIMITED Subsidiary · Victoria, Seychelles
- ETORO (UK) LIMITED Subsidiary · London, United Kingdom
- ETORO AUS CAPITAL Limited Subsidiary · Sydney, Australia
- ETORO GROUP TRADING LTD Subsidiary · Road Town, British Virgin Islands
- ETORO MONEY UK LTD Subsidiary · Manchester, United Kingdom
- ETORO USA SECURITIES INC. Subsidiary · Hoboken, New Jersey, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What eToro Group Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $7.4M5 Dec 31, 2025 | $5.0M5 Dec 31, 2024 | +47.0% |
| Operating-lease assets (leased space) | $41.9M5 Dec 31, 2025 | $44.4M5 Dec 31, 2024 | −5.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.1B5 Dec 31, 2025 | $575.4M5 Dec 31, 2024 | +86.4% |
Stakes and holdings (Wikidata)
Things Wikidata records the company as owning, with the share when stated.1
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 now7
- Chief executive officerJonathan Alexander Assia Mar 18, 2026 to now8
- Chief financial officerMeron Shani Mar 18, 2026 to now9
- Chief operating officerHedva Ber Mar 18, 2026 to now7
Board members and other officers (7)
- Board memberEddy Shalev Mar 18, 2026 to now10
- Board memberJonathan Alexander Assia Mar 18, 2026 to now8
- Board memberLaura S. Unger Mar 18, 2026 to now11
- Board memberLior Shemesh Mar 18, 2026 to now12
- Board memberRonen Assia Mar 18, 2026 to now13
- Board memberSanto Politi Mar 18, 2026 to now14
- Board memberAvner Stepak Apr 6, 2026 to now15
Named in SEC Form D filings
People the company listed in its private-offering notices.
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, 20116
Timeline
Calendar
Coming up
- Nov 10, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.60 a share, on Nov 10, 2025.17
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
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 five years, summarized. The full record is on SEC EDGAR.
Insider trades
5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Eddy ShalevDirector | Sale | 100,000 | $31.20 | $3.1M | Form 4 |
| Aug 12, 2026 | POLITI SANTODirector | Sale | 5,783 | $28.01 | $162.0K | Form 4 |
| Jun 1, 2026 | Ber HedvaGlobal COO & Deputy CEO | Sale | 55,160 | $41.90 | $2.3M | Form 4 |
| May 14, 2026 | POLITI SANTODirector | Sale | 2,892 | $41.04 | $118.7K | Form 4 |
| May 14, 2026 | Eddy ShalevDirector | Sale | 100,000 | $41.26 | $4.1M | Form 4 |
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.
- Spark Capital II LPSCHEDULE 13D/A, 5 filings May 21, 2025 to Sep 4, 202618
- PEAK6 Capital Management LLCSCHEDULE 13G/A, 3 filings May 14, 2026 to Aug 14, 202619
- China Vered Financial Holding Corp LtdSCHEDULE 13G/A, 1 filing Aug 4, 202620
- Harel Insurance Investments & Financial Services Ltd.SCHEDULE 13G/A, 2 filings Apr 27, 2026 to Jul 29, 202621
- BRM Group Ltd.SCHEDULE 13G/A, 2 filings Aug 25, 2025 to Apr 15, 202622
- Andalusian Private Capital, LPSCHEDULE 13G/A, 2 filings Aug 21, 2025 to Jan 8, 202623
- Spc CmSCHEDULE 13G, 1 filing Aug 4, 202524
- Jonathan Alexander AssiaSCHEDULE 13D, 1 filing May 22, 202525
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $37.7M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2022 | $37.7M | $37.7M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
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).
SEC filer profile
How eToro Group Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAReToro Group Ltd.2
- CIK0001493318
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company26
- Incorporated inBritish Virgin Islands26
- Fiscal year endsDecember 312
- Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies2
- SEC reviewing officeOffice of Finance, Division of Corporation Finance2
- Business address30 Sheshet Hayamim Street, Bnei Brak, Israel2
- Phone972 73-265-66002
- Shares outstanding68,647,904 Class A Ordinary Shares shares; 14,203,518 Class B Ordinary Shares shares as of Dec 31, 202526
- AuditorKOST FORER GABBAY & KASIERER, Tel-Aviv, Israel PCAOB ID 1281; no auditor attestation of internal control over financial reporting26
- On EDGAR sinceJun 9, 20102
- Filings132 in all: 425 (27), 144 (15), 6-K (14), 4 (13), 3 (9), DRS/A (6), F-4/A (6), SCHEDULE 13G/A (6)2
All 27 form types
SCHEDULE 13G (5), D (4), SCHEDULE 13D/A (4), CORRESP (3), DRS (2), DRSLTR (2), F-1/A (2), SCHEDULE 13D (2), UPLOAD (2), 20-F (1), 424B4 (1), 8-A12B (1), CERT (1), EFFECT (1), F-1 (1), F-1MEF (1), F-4 (1), RW (1), S-8 (1)
- Latest filingsAnnual report (20-F) Mar 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common shares, no par value | ETOR | Nasdaq |
From the cover page of the 20-F filed Mar 2, 2026 (Section 12(b) of the Exchange Act).26
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
- 3
- 4Yahoo FinanceETOR quote
- 5
- 6
- 7SEC EDGARHedva Ber, Chief executive officer
- 8
- 9SEC EDGARMeron Shani, Chief financial officer
- 10SEC EDGAREddy Shalev, Board member
- 11SEC EDGARLaura S. Unger, Board member
- 12SEC EDGARLior Shemesh, Board member
- 13SEC EDGARRonen Assia, Board member
- 14SEC EDGARSanto Politi, Board member
- 15SEC EDGARAvner Stepak, Board member
- 16
- 17NasdaqNasdaq calendar
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- 19
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- 24
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- 26