NASDAQ$LIFE

Ethos Technologies Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Ethos Technologies reported Q1 2026 revenue of $193.1M with a net loss of $166.4M following its January 2026 IPO.

For the quarter ended March 31, 2026, Ethos revenue was $193.1 million versus $94.9 million a year ago on higher policy volumes. Net loss was $166.4 million compared with net income of $12.2 million in Q1 2025. Basic diluted loss per share was $3.57 after IPO-related share issuance and deemed dividends. Sales and marketing expense was $144.1 million.

  • Revenue of $193.1M more than doubled YoY.
  • Net loss of $166.4M on heavy S&M spend post-IPO.
  • Basic loss per share of $3.57.
  • IPO completed in January 2026 at $19 per share.
  • Insurance carrier concentration remains high.

Headline financials

Total Revenue

$193M

No prior period
EPS (adj)

-$3.57

No prior period
Capital Expenditures

-$353K

No prior period
Free Cash Flow

$30.9M

No prior period
Net Income

-$166M

No prior period
Operating Income

-$163M

No prior period
Gross Profit

$190M

No prior period
Cash & Equivalents

$108M

No prior period
Total Assets

$619M

No prior period

Revenue & EPS history

Ethos Technologies Inc · Revenue · Quarterly

$193M

Q1 2026
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Recent IPO prospectus and MD&A discuss growth investment; no profitable EPS guidance in first public 10-Q.

Tailwinds

  • Rapid top-line growth in DTC life insurance.
  • Technology platform scaling policy volume.

Headwinds

  • Large marketing spend drives deep losses.
  • Path to profitability depends on unit economics improvement.

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