eToro reported record full-year 2025 revenue of $868 million on Tuesday, a 10% increase from $788 million in 2024, as the trading platform completed its first full year as a publicly listed company.
The results also showed GAAP net income rising 12% to $216 million, up from $192 million the prior year. Assets under administration reached $18.5 billion by year-end, an 11% gain over 2024. Funded accounts grew 9% to 3.81 million.
The company’s board authorized a $100 million increase to its existing share repurchase program, bringing total remaining buyback authorization to $150 million. eToro held $1.3 billion in cash, cash equivalents and short-term investments as of December 31.
Q4 Dip Offset by Earnings Beat
Fourth-quarter net contribution fell 10% year-over-year to $227 million, and adjusted EBITDA dropped 19% to $87 million. But Q4 GAAP net income rose 16% to $69 million, and the company beat Wall Street estimates on both earnings per share ($0.71 versus the $0.64 consensus) and revenue.
“This was a milestone year for eToro,” CEO Yoni Assia said. “We became a publicly traded company and significantly advanced the build-out of our global financial super-app.”
Assia pointed to AI-powered tools, an upcoming eToro App Store, and the introduction of 24/7 access to select assets as strategic priorities. The company also expanded its reach to 25 stock exchanges, adding the Abu Dhabi Securities Exchange, Hong Kong Stock Exchange and Nordic exchanges during the year.
CFO Meron Shani said the company had a strong start to 2026. January metrics showed total capital markets trades up 55% year-over-year to 74 million, though crypto trades fell 50% to 4 million. Total money transfers surged 68% to $1.8 billion.
“We are off to a strong start to 2026 with our January capital markets KPIs demonstrating the ability of our platform to adapt and perform across all different market conditions, including the recent spike in commodities trading,” Shani said.
Wall Street analysts have a median price target of $55.
