eToro Reports Fourth Quarter and Full Year 2025 Results

[eToro](https://www.globenewswire.com/Tracker?data=Mu3Seqsepl5rx-oBkUx3HlfA2WpgsgV9CbiIHlSh7PHjm3wBGqEVpvm2013qwEzLjddqwu6YM456cBy6Rhb_3A== "eToro") is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your [knowledge](https://www.globenewswire.com/Tracker?data=HzhD71H81jmFaZR71YKDyaNgi-9ypDizHQvkKEnHmYCMlfMb_DjqBNOMJhjvLGp7SelfQRxQplRNAlu0x-Pu3hq9KwN9QhVLLSTT1e2Cx6s= "knowledge") and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. 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Information contained on or accessible through any of the foregoing channels is not incorporated by reference into this press release. | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | **ETORO GROUP LTD.**<br>**CONDENSED CONSOLIDATED BALANCE SHEETS**<br>**U.S. dollars in thousands** | | | | | | | | | | **December 31** | | **December 31** | | | | **2025** | | | **2024** | | | | | **Unaudited** | | **Unaudited** | | **Assets** | | | | | | **Current assets:** | | | | | | Cash and cash equivalents | | 1,072,641 | | | 575,395 | | | Restricted cash | | 329 | | | 314 | | | Short-term investment | | 202,688 | | | 65,000 | | | Counterparties | | 249,055 | | | 224,867 | | | Cryptoassets | | 62,606 | | | 113,279 | | | Receivable from omnibus accounts | | 26,820 | | | 50,466 | | | Other receivables and prepaid expenses | | 61,299 | | | 46,005 | | | | | **1,675,438** | | | **1,075,326** | | | **Non-current assets:** | | | | | | Restricted cash | | 11,688 | | | 11,630 | | | Right of use assets | | 41,873 | | | 44,406 | | | Property and equipment, net | | 7,361 | | | 5,007 | | | Goodwill and other intangible assets, net | | 43,211 | | | 46,346 | | | Deferred taxes assets | | 11,776 | | | 8,647 | | | | | **115,909** | | | **116,036** | | | | | | | | | **Total Assets** | | **1,791,347** | | | **1,191,362** | | | | | | | | | **Liabilities and equities** | | | | | | **Current liabilities:** | | | | | | Accounts payable | | 4,435 | | | 4,201 | | | Current maturities of long term lease liabilities | | 5,978 | | | 4,758 | | | Other short term liabilities | | 8,994 | | | – | | | Payable to users | | 107,830 | | | 103,493 | | | Accrued expenses and other payables | | 215,414 | | | 193,115 | | | | | **342,651** | | | **305,567** | | | **Non-current liabilities:** | | | | | | Employee benefit liabilities, net | | 962 | | | 1,253 | | | Other long term liabilities | | – | | | 5,653 | | | Long term lease liabilities | | 48,485 | | | 43,546 | | | Deferred taxes liabilities | | 4,659 | | | 2,968 | | | | | **54,106** | | | **53,420** | | | **Equity attributable to equity holders of the company:** | | | | | | Common share premium | | 1,273,894 | | | 474,469 | | | Preferred share premium | | – | | | 397,019 | | | Treasury shares | | (62,085 | ) | | (2,625 | ) | | Advanced Investment Agreement | | 9,091 | | | 9,091 | | | Other capital reserve | | 5,441 | | | 1,868 | | | Retained Earnings (Accumulated deficit) | | 168,249 | | | (47,447 | ) | | | | **1,394,590** | | | **832,375** | | | **Total liabilities and equity** | | **1,791,347** | | | **1,191,362** | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | **ETORO GROUP LTD.**<br>**CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS**<br>**AND OTHER COMPREHENSIVE INCOME (LOSS)**<br>**U.S. dollars in thousands** | | | | | | | | | | **Three months ended** | | **Twelve months ended** | | | | **December 31** | | **December 31** | | | | **2025** | | | **2024** | | | **2025** | | **2024** | | | | | **Unaudited** | | **Unaudited** | | **Unaudited** | | **Unaudited** | | Revenue and income: | | | | | | | | | | Net trading income from equities, commodities and currencies | | 115,618 | | | 80,683 | | | 399,362 | | 328,706 | | | Revenue from cryptoassets | | 3,592,968 | | | 5,813,811 | | | 12,975,078 | | 12,147,329 | | | Net trading income (loss) from cryptoassets derivatives | | 73,783 | | | (130,498 | ) | | 124,032 | | (130,729 | ) | | Net interest income from users | | 58,073 | | | 51,610 | | | 213,415 | | 197,178 | | | Currency conversion and other income | | 25,277 | | | 26,866 | | | 95,978 | | 81,415 | | | Other interest income | | 9,062 | | | 4,366 | | | 30,067 | | 16,654 | | | **Total revenue and income** | | **3,874,781** | | | **5,846,838** | | | **13,837,932** | | **12,640,553** | | | | | | | | | | | | | Costs: | | | | | | | | | | Cost of revenue from cryptoassets | | 3,636,921 | | | 5,585,104 | | | 12,932,009 | | 11,816,192 | | | Margin interest expense | | 11,075 | | | 9,204 | | | 37,536 | | 36,660 | | | Research and development | | 37,867 | | | 31,991 | | | 151,247 | | 131,071 | | | Selling and marketing | | 46,970 | | | 59,215 | | | 208,671 | | 178,365 | | | General, administrative and operating costs | | 60,430 | | | 67,570 | | | 243,636 | | 228,004 | | | Finance and other expenses, net | | 3,081 | | | 2,491 | | | 11,432 | | 4,642 | | | **Total costs** | | **3,796,344** | | | **5,755,575** | | | **13,584,531** | | **12,394,934** | | | | | | | | | | | | | Income before taxes on income | | 78,437 | | | 91,263 | | | 253,401 | | 245,619 | | | Taxes on income | | 9,695 | | | 32,079 | | | 37,705 | | 53,238 | | | **Net income** | | **68,742** | | | **59,184** | | | **215,696** | | **192,381** | | | | | | | | | | | | | Other comprehensive income, net: | | | | | | | | | | Items that may be reclassified subsequently to profit or loss: | | | | | | | | | | Cash flow hedges, net of tax | | (179 | ) | | 1,267 | | | 3,573 | | 1,868 | | | **Other comprehensive income (loss) for the year, net of tax** | | **(179** | **)** | | **1,267** | | | **3,573** | | **1,868** | | | | | | | | | | | | | Total comprehensive income | | 68,563 | | | 60,451 | | | 219,269 | | 194,249 | | | | | | | | | | | | | Basic net income per share | | 0.79 | | | 0.78 | | | 2.58 | | 2.55 | | | Diluted net income per share | | 0.69 | | | 0.70 | | | 2.27 | | 2.26 | | | | | | | | | |