eToro Group LTD · Q1 2025 earnings

Briefing

First post-IPO results: net contribution +8% YoY to $217M, AUA +21% to $14.8B, funded accounts +14% to 3.58M.

First-quarter 2025 net contribution rose 8% year-over-year to $217 million on $3.76 billion of total revenue and income. GAAP net income was $60 million (vs $64 million) as eToro stepped up marketing spend into favorable market conditions; adjusted EBITDA was $80 million (vs $87 million) with adjusted EBITDA margin of 37%. GAAP diluted EPS was $0.69 (vs $0.76). Funded accounts grew 14% YoY to 3.58 million and assets under administration climbed 21% to $14.8 billion. eToro ended the quarter with $736 million in cash, cash equivalents and short-term investments. Product highlights included the EU launch of futures, UK options, MiCA permit from CySEC, SOC 2 Type II certification, recurring investments, and the launch of a 100% capital-protected Smart Portfolio.

• Net contribution +8% YoY to $217M and net income $60M (vs $64M) as marketing investment stepped up.
• Funded accounts 3.58M (+14% YoY) and AUA $14.8B (+21% YoY); cash + ST investments $736M.
• Adjusted EBITDA $80M (vs $87M), with adjusted EBITDA margin of 37% (vs 43%).
• GAAP diluted EPS $0.69 vs $0.76; total revenue and income $3.76B.
• Granted MiCA permit by CySEC and achieved SOC 2 Type II compliance; launched EU futures, UK options, and recurring investments.

Headline financials

Revenue & EPS history

Through May 31, 2025, eToro reported 3.61 million funded accounts and $16.9 billion in AUA, signaling continued momentum into Q2 2025. Management did not provide explicit numerical guidance for the second quarter or full year.