# eToro Group (ETOR.US)

Canonical: https://gigainvestors.com/s/ETOR

Analysis as of: 2026-10-16T07:28:22.531Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $24.89 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 63% since Jun 2025 · "eToro earnings beat estimates, shares slide on TradeZero acquisition" (finance.yahoo.com, Aug 2026)

Story as of 2026-10-16T09:58:43.117Z; price observation 2026-10-15.

- 2025-06-10: eToro Q1 earnings beat on increased trading activity ([seekingalpha.com](https://seekingalpha.com/news/4456827-etoro-q1-earnings-beat-on-increased-trading-activity?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2025-11-10: eToro Q3 earnings beat on strong AUA, net contribution; unveils $150M buyback ([seekingalpha.com](https://seekingalpha.com/news/4519414-etoro-q3-earnings-beat-on-strong-aua-net-contribution-unveils-150m-buyback?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-02-17: eToro shares surge on fourth quarter earnings beat ([finance.yahoo.com](https://finance.yahoo.com/news/etoro-shares-surge-fourth-quarter-155000821.html))

- 2026-05-12: eToro (ETOR) Tops First-Quarter Estimates as Commodities Trading Jumps ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/etoro-etor-tops-first-quarter-144111251.html))

- 2026-08-11: eToro earnings beat estimates, shares slide on TradeZero acquisition ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/etoro-earnings-beat-estimates-shares-165900890.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in capital markets; annual sales are USD 13.8 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm#000121390026022034 (filed 2026-03-02); FY2025: revenue 13837932000; grossProfit 757844000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 5.4% to 10.4% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); FY2023: grossProfit / revenue = 10.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); FY2024: grossProfit / revenue = 5.4%.

- Source: https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm (filed 2026-03-02); FY2025: grossProfit / revenue = 5.5%.

### Where the cash goes

Paid no dividends in 5 years; bought back USD 59.5 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); FY2020: growth capex 0; upkeep 2819000; owner earnings 85918000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); FY2023: growth capex 0; upkeep 425000; cash acquisitions 0; owner earnings 27089000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); FY2024: growth capex 0; upkeep 2372000; cash acquisitions 609000; owner earnings 201346000. Growth capex plus acquisitions / owner earnings = 0.003024644144904791.

- Source: https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm (filed 2026-03-02); FY2025: growth capex 0; upkeep 4841000; cash acquisitions 0; owner earnings 223638000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Dividend observations: [[2020,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm (filed 2026-03-02); FY2025: cash repurchases 59547000 USD.

### Are managers owners

Insiders own 15.7% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); ETOR.US SharesStats.PercentInsiders = 15.706999999999999 percentage points; cache date 2026-10-15.

### What the price says

The price is 0.2 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Closing price 24.89 USD; reporting-to-trading FX 1; FY2025 annual sales per share 145.46380133175825; price multiple 0.17110786169566378. FY2025 cash earnings/share 2.3508739313238243. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-05: $59.20 per share

- 2025-06: $66.59 per share

- 2025-07: $59.96 per share

- 2025-08: $44.40 per share

- 2025-09: $41.27 per share

- 2025-10: $37.06 per share

- 2025-11: $41.97 per share

- 2025-12: $35.13 per share

- 2026-01: $29.40 per share

- 2026-02: $30.67 per share

- 2026-03: $30.03 per share

- 2026-04: $35.58 per share

- 2026-05: $41.98 per share

- 2026-06: $39.47 per share

- 2026-07: $35.67 per share

- 2026-08: $31.98 per share

- 2026-09: $25.70 per share

- 2026-10: $24.89 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm); period 2025-12-31, filed 2026-03-02.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.