eToro Reports Fourth Quarter and Full Year 2025 Results

eToro Group Ltd. (NASDAQ: ETOR) reported on February 17, 2026 its financial results for the fourth quarter and full year ended December 31, 2025, posting a record net contribution of $868 million for the year, a 10% increase from $788 million in 2024.

Full-year GAAP net income rose 12% to $216 million, while adjusted net income increased 10% to $251 million. Adjusted EBITDA reached $317 million, up 4% year-over-year. The company's Assets Under Administration (AUA) grew 11% to $18.5 billion compared to $16.6 billion at the end of 2024. Funded accounts increased 9% to 3.81 million.

In the fourth quarter, net contribution was $227 million, down 10% from $253 million in Q4 2024. However, GAAP net income rose 16% to $69 million, and adjusted net income increased 6% to $70 million. Cash, cash equivalents and short-term investments stood at $1.3 billion as of December 31, 2025.

Business Initiatives and Partnerships

CEO Yoni Assia highlighted 2025 as a milestone year, citing the company's public listing and progress toward a global financial super-app. eToro expanded its equity offering to 25 stock exchanges, including the Abu Dhabi Securities Exchange and Hong Kong Stock Exchange, and launched futures and options in the UK. The company introduced Tori, its AI Analyst, and plans to launch the eToro App Store. It also expanded Smart Portfolios with partners including Franklin Templeton, WisdomTree, ARK Invest and Amundi. A multi-year partnership with BWT Alpine Formula 1 was announced, as was an agreement with Gemini Space Station Inc. to migrate customers onto the eToro platform.

CFO Meron Shani noted a strong start to 2026, with January KPIs showing AUA of $18.4 billion (up 2% year-over-year), funded accounts of 3.85 million (up 9%), and total trades of 74 million (up 55% year-over-year).

Share Repurchase Expansion

eToro's board approved a $100 million increase to its existing share repurchase program, bringing total remaining authorization to $150 million. The company intends to enter into an Accelerated Share Repurchase agreement for approximately $50 million of common shares. Management stated the program reflects confidence in long-term strategy and that the current share price does not fully reflect fundamental value.