eToro Group LTD · Q2 2025 earnings

Briefing

First quarter as a public company: net contribution +26% YoY to $210M, adjusted EBITDA +31% to $72M, AUA +54% to $17.5B.

Second-quarter 2025 net contribution rose 26% year-over-year to $210 million on $2.09 billion of total revenue and income. GAAP net income was $30.2 million (vs $30.6 million), reflecting $15 million of IPO-related costs; adjusted net income climbed to $54.2 million and adjusted EBITDA grew 31% to $71.9 million. Adjusted diluted EPS was $0.56 versus $0.51 (GAAP diluted EPS $0.31). Funded accounts grew 14% YoY to 3.63 million and assets under administration surged 54% to $17.5 billion. eToro ended the quarter with $1.2 billion in cash, cash equivalents and short-term investments. Product highlights included 24/5 trading on 100 US equities, the Tori AI analyst, the Franklin Templeton partnership and the EU-wide eToro Money debit-card rollout.

• Net contribution +26% YoY to $210M and adjusted EBITDA +31% to $72M, eToro's first quarter as a public company.
• GAAP net income $30.2M (vs $30.6M) included $15M of IPO-related costs; adjusted net income $54.2M vs $44.2M.
• Adjusted diluted EPS $0.56 vs $0.51; GAAP diluted EPS $0.31 vs $0.35.
• Funded accounts 3.63M (+14% YoY) and AUA $17.5B (+54% YoY); cash + ST investments $1.2B.
• Activated MAS Capital Markets Services license in Singapore, launched 24/5 US trading for 100 stocks, and rolled out the eToro Money card across Europe.

Headline financials

Revenue & EPS history

Management did not issue specific Q3 or 2025 numerical guidance, citing continued focus on profitable revenue growth, AI and tokenization, and geographic expansion (notably Singapore as the Asian hub).