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Sells term life insurance directly online, using data and AI to underwrite policies quickly, often without medical exams.
Sells term life insurance directly online, using data and AI to underwrite policies quickly, often without medical exams.
Acts as the seller, not the insurer: partner life insurers carry the claim risk and pay Ethos a commission on each policy sold, so earnings follow policy sales and how long customers keep their policies. The website's underwriting technology lets it approve many applicants quickly.
Moat: narrow (data, brand, distribution). Fast, data-driven underwriting improves conversion versus traditional life insurance's slow, exam-based process.
Headquarters: San Francisco, California, United States · Founded: 2016 · Employees: 614
Size Ethos Technologies (LIFE) is a United States Information Technology company (Packaged Software) with a market value of $2.18B, the 1740th largest of 3,117 United States companies the cockpit tracks. Shares closed at $33.51 on 6 Nov 2026.
Performance Over six months the shares gained 12.6%, against +21.5% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 111.6% over the last twelve months (peer median +12.0%); the operating margin is -16.1% (peer median 5.0%).
Valuation It trades at 33.9× forward earnings against a peer median of 21.0× (8th most expensive of 17).
Capital Return on invested capital runs 49.8 points below its cost of capital (19.7% WACC).
Short interest Short interest is 9.9% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $728M | $388M | $255M | $160M |
| Revenue growth | — | +52% | +60% | — |
| Gross profit | $707M | $375M | $243M | $148M |
| EBITDA | -$110M | $79.2M | $54.2M | $2.82M |
| Net income | -$118M | $71.2M | $48.8M | $1.69M |
| Free cash flow | $107M | $30.4M | -$11.7M | -$37.4M |
| Capital expenditure | $6.03M | $6.28M | $1.03M | $323,000 |
| Total debt | $16.9M | $26.6M | $36.2M | $7.10M |
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 |
|---|---|---|---|---|---|---|
| Ethos Technologies LIFE | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% |
| Primerica PRI | $8.94B | +6% | +8% | 32% | 10.9× | n/a |
| Globe Life GL | $12.1B | +4% | +6% | 26% | 9.8× | n/a |
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 | LIFE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.5% | +9.6% | 6th lowest of 21 |
| 6-month return | +12.6% | +21.5% | 10th lowest of 21 |
| Distance from 52-week high | -33.0% | -20.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +111.6% | +12.0% | highest of 21 |
| Operating margin | -16.1% | 5.0% | 6th lowest of 21 |
| Forward P/E | 33.9× | 21.0× | 8th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 24.1% | 15.8% | 6th most demanding of 16 |
| ROIC minus cost of capital | -49.8 pp | -5.2 pp | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ethos Technologies LIFE | United States | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% | n/a |
| SeeWay.ai 002405.SZ | China | $2.18B | -32% | +22% | -29% | n/a | n/a | n/a |
| Schrodinger SDGR | United States | $2.23B | +125% | +9% | -59% | n/a | n/a | n/a |
| DoubleVerify DV | United States | $2.12B | +23% | +7% | 14% | 21.3× | 9.7% | +25.1% |
| Pitney Bowes PBI | United States | $2.11B | -1% | -4% | 25% | 9.6× | -5.4% | -11.8% |
| Five9 FIVN | United States | $2.10B | +27% | +9% | 6% | 8.1× | 17.9% | +21.4% |
| Amplitude AMPL | United States | $2.09B | +161% | +18% | -27% | 109.2× | 36.9% | +27.4% |
| Embracer EMBRAC-B.ST | Sweden | $2.08B | +37% | -31% | -43% | 16.4× | -9.8% | +12.0% |
| UCloud Technology 688158.SS | China | $2.08B | -34% | +26% | 2% | 499.0× | n/a | n/a |
| NetScout Systems NTCT | United States | $2.29B | -19% | +6% | 15% | 11.6× | -0.1% | +0.7% |
| Zhejiang Digital Culture Technology 600633.SS | China | $2.06B | -15% | +14% | 10% | 20.8× | 15.4% | -2.8% |
| Shanghai Suochen Information Technology 688507.SS | China | $2.31B | +97% | +32% | -2% | 196.7× | n/a | n/a |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 19.6× | -1.1% | +31.9% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | n/a | 43.2% | -12.5% |
| Affle 3i AFFLE.NS | India | $2.36B | +6% | +20% | 18% | 40.0× | 33.0% | +39.3% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| RAKUS 3923.T | Japan | $2.38B | +24% | +17% | 31% | 14.1× | 15.8% | +31.4% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| nCino NCNO | United States | $2.40B | +28% | +9% | 9% | 15.8× | 23.9% | +23.8% |