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Runs a social trading platform where users can trade stocks, crypto and other assets, and copy other investors' trades.
Runs a social trading platform where users can trade stocks, crypto and other assets, and copy other investors' trades.
Earns from trading spreads and fees, with crypto a large part of its trading income, plus interest on client cash balances and charges such as currency conversion and withdrawals, so results follow retail trading activity. Founded in Israel, it listed on Nasdaq in 2025 after years as a private company.
Moat: narrow (network effects, brand, data). Social copy-trading network effects differentiate it from plain brokerages, in a competitive retail trading market.
Headquarters: Tel Aviv, Israel · Founded: 2007 · Employees: 1,520
Size eToro (ETOR) is a United States Information Technology company (Packaged Software) with a market value of $1.86B, the 1846th largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.97 on 6 Nov 2026.
Performance Over six months the shares fell 40.1%, against -14.9% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +12.8%); the operating margin is 32.0% (peer median 2.6%).
Valuation It trades at 11.0× forward earnings against a peer median of 42.0× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -34 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 118.8 points above its cost of capital (13.9% WACC).
Short interest Short interest is 5.5% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $970M | $926M | $837M | $589M | $602M |
| Revenue growth | — | +11% | +42% | -2% | — |
| Gross profit | $915M | $850M | $776M | $544M | $569M |
| EBITDA | $323M | $272M | $261M | $43.8M | -$187M |
| Net income | $261M | $216M | $192M | $15.3M | -$215M |
| Free cash flow | $280M | $258M | $258M | $142M | $45.6M |
| Capital expenditure | $8.25M | $5.48M | $2.92M | $1.42M | $4.48M |
| Total debt | $35.0M | $54.5M | $48.3M | $36.5M | $45.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| eToro ETOR | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% |
| Robinhood Markets HOOD | $72.9B | +5% | +22% | 44% | 29.7× | n/a |
| Interactive Brokers IBKR | $129B | -10% | +16% | 87% | 23.9× | n/a |
| Webull BULL | $2.66B | -30% | +48% | 12% | 17.7× | -17.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ETOR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.1% | +3.3% | 6th lowest of 21 |
| 6-month return | -40.1% | -14.9% | 5th lowest of 21 |
| Distance from 52-week high | -48.0% | -40.1% | 9th lowest of 21 |
| Revenue growth (TTM) | +9.9% | +12.8% | 11th highest of 21 |
| Operating margin | 32.0% | 2.6% | highest of 21 |
| Forward P/E | 11.0× | 42.0× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -18.5% | 23.0% | least demanding of 14 |
| Growth delivered (Del g) | +15.4% | +17.2% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | -33.9 pp | +3.3 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +118.8 pp | -3.7 pp | 2nd highest of 19 |
| EV / EBITDA | 2.1× | 21.0× | cheapest of 8 |
| Net debt / EBITDA | -3.6× | -1.4× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% | +15.4% |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 158.4× | 46.1% | +26.7% |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 49.1× | 41.3% | +6.2% |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | n/a | n/a | n/a |
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | n/a | n/a | n/a |
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | n/a | n/a | n/a |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 31.4× | 40.7% | +11.5% |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 94.1× | n/a | n/a |
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 18.6× | -11.6% | +24.8% |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 39.7× | 22.0% | -2.7% |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | n/a | n/a | n/a |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 60.0× | 47.0% | +43.7% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 28.2× | 12.3% | +16.8% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 59.1× | 26.9% | +38.7% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 6.7× | 1.8% | +17.2% |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 44.3× | 23.0% | +0.9% |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 208.5× | n/a | n/a |
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 33.4× | 12.7% | +23.2% |