eHealth, Inc. EHTH
eHealth, Inc. and its subsidiaries, referred to throughout this report as "eHealth," the "Company," "we," "us" or "our," is a leading private health insurance marketplace with a technology and service platform that provides consumer engagement, education and health insurance enrollment solutions. Our mission is to expertly guide consumers through their health insurance enrollment and related options, when, where, and how they prefer. Our platform leverages technology to solve a critical problem in a large and growing market by aiding consumers in what has traditionally been a complex, confusing and opaque health insurance purchasing process.
Our omnichannel consumer engagement platform differentiates our offering from our competitors and enables consumers, or beneficiaries, to use our services through our self-service online platform, by telephone with a licensed and trained insurance agent, or benefit advisor, or through a hybrid online assisted interaction that includes live agent chat and co-browsing capabilities. We have created a consumer-centric marketplace that offers consumers a broad choice of insurance products that includes thousands of Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other ancillary health insurance products from over 180 health insurance carriers nationwide, including approximately 50 Medicare health insurance carriers. Our plan recommendation tool curates this broad plan selection by analyzing beneficiaries' health-related information against plan data for insurance coverage fit. This tool is supported by a unified data platform and is available to our ecommerce consumers and our licensed benefit advisors. We strive to be the most trusted, unbiased, transparent partner to consumers in their journeys through the health insurance market.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $554.0M | $532.4M | $452.9M | $405.4M | $538.2M | $582.8M | $506.2M | $251.4M | $190.7M | $193.3M |
| Cost of revenue | $1.3M | $1.8M | $1.8M | $1.6M | $2.0M | $4.1M | $2.7M | $1.2M | $582.0K | $862.0K |
| Gross profit | $240.8M | $208.5M | $159.2M | $403.7M | $536.2M | $578.7M | $503.5M | $250.2M | $190.1M | $192.5M |
| R&D | $13.8M | $12.4M | $13.7M | $12.1M | $10.4M | $9.1M | $8.1M | $6.9M | $7.6M | $8.9M |
| SG&A | $89.6M | $89.8M | $99.4M | $71.8M | $75.7M | $76.5M | $64.2M | $45.8M | $40.0M | $35.2M |
| Total operating expenses | $487.5M | $508.8M | $481.9M | $508.1M | $663.8M | $529.5M | $424.8M | $248.8M | $200.2M | $190.5M |
| Operating income | $66.5M | $23.6M | -$29.1M | -$102.7M | -$125.6M | $53.3M | $81.4M | $2.6M | -$9.5M | $2.8M |
| Interest expense | $10.8M | $11.2M | $11.0M | $7.6M | $845.0K | — | — | — | — | — |
| Pre-tax income | $58.7M | $19.3M | -$30.6M | -$106.4M | -$124.9M | $54.0M | $83.5M | $3.3M | -$8.3M | $4.0M |
| Income tax | $18.7M | $9.3M | $2.4M | $17.7M | $20.5M | $8.5M | $16.6M | $3.1M | $33.7M | $3.7M |
| Net income | $40.0M | $10.1M | -$28.2M | -$88.7M | -$104.4M | $45.5M | $66.9M | $241.0K | $25.4M | $304.0K |
| EPS, basic | -0.34 | -1.19 | -2.37 | -4.36 | -4.59 | 1.75 | 2.90 | 0.01 | 1.37 | 0.02 |
| EPS, diluted | -0.34 | -1.19 | -2.37 | -4.36 | -4.59 | 1.68 | 2.73 | 0.01 | 1.33 | 0.02 |
| Shares, diluted (wtd. avg.) | 30.5M | 29.3M | 28.0M | 27.4M | 26.8M | 27.0M | 24.5M | 20.4M | 19.0M | 18.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $73.7M | $39.2M | $118.8M | $147.6M | $85.2M | $47.1M | $26.8M | $13.1M | $40.3M | $61.8M |
| Short-term investments | $3.5M | $43.0M | $5.9M | $0 | $41.3M | $49.6M | $0 | — | — | — |
| Receivables | $7.7M | $16.8M | $4.0M | $2.6M | $5.8M | $1.8M | $2.3M | $3.6M | $1.5M | $9.2M |
| Total current assets | $334.4M | $354.5M | $382.4M | $401.1M | $407.6M | $331.0M | $208.1M | $156.2M | $155.7M | $76.1M |
| Property, plant and equipment | $4.5M | $4.4M | $4.9M | $5.5M | $12.1M | $14.6M | $10.5M | $7.7M | $4.7M | $5.6M |
| Goodwill | — | — | $0 | $0 | $0 | $40.2M | $40.2M | $40.2M | $14.1M | $14.1M |
| Other intangibles | — | — | — | — | $1.9M | $8.6M | $10.1M | $12.2M | $7.5M | $8.6M |
| Total assets | $1.26B | $1.16B | $1.11B | $1.11B | $1.15B | $1.04B | $741.6M | $439.3M | $359.1M | $108.9M |
| Accounts payable | $28.3M | $23.4M | $7.2M | $6.7M | $13.8M | $36.9M | $24.6M | $5.7M | $3.2M | $5.1M |
| Total current liabilities | $99.1M | $96.0M | $78.5M | $60.6M | $75.5M | $84.4M | $113.0M | $60.6M | $25.4M | $27.9M |
| Long-term debt | $113.0M | $68.5M | $67.8M | $66.1M | $0 | — | $0 | $5.0M | $0 | — |
| Total liabilities | $288.8M | $229.5M | $209.3M | $198.4M | $167.2M | $202.5M | — | — | — | — |
| Retained earnings | $30.1M | $15.2M | $7.3M | $73.8M | $193.2M | $316.2M | $271.9M | $205.0M | $204.7M | $4.6M |
| Total equity | $591.6M | $588.4M | $606.0M | $651.0M | $749.5M | $837.6M | $527.2M | $303.1M | $286.7M | $252.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.3M | -$18.4M | -$6.7M | -$26.9M | -$162.6M | -$107.9M | -$71.5M | -$3.2M | -$15.5M | $4.1M |
| Depreciation and amortisation | $1.9M | $2.0M | $2.5M | $21.1M | $18.3M | $11.4M | $6.8M | $2.5M | $2.8M | $3.5M |
| Stock-based compensation | $15.0M | $19.9M | $23.2M | $20.3M | $32.9M | $25.2M | $22.6M | $12.5M | $9.7M | $7.3M |
| Capital expenditure | $2.2M | $2.1M | $2.1M | $214.0K | $3.9M | $7.8M | $6.6M | $4.5M | $1.9M | $1.9M |
| Investing cash flow | $25.4M | -$48.4M | -$15.9M | $25.9M | -$12.6M | -$73.3M | -$16.9M | -$25.8M | -$5.1M | -$3.7M |
| Financing cash flow | $34.3M | -$9.7M | -$6.2M | $63.8M | $213.2M | $201.2M | $102.1M | $1.9M | -$870.0K | -$1.3M |
| Buybacks | — | — | — | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001333493-26-000020.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $193.3M | $190.7M | $251.4M | $506.2M | $582.8M | $538.2M | $405.4M | $452.9M | $532.4M | $554.0M |
| Gross profit | $192.5M | $190.1M | $250.2M | $503.5M | $578.7M | $536.2M | $403.7M | $159.2M | $208.5M | $240.8M |
| Net income | $304.0K | $25.4M | $241.0K | $66.9M | $45.5M | -$104.4M | -$88.7M | -$28.2M | $10.1M | $40.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6411
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MRSH | MARSH & MCLENNAN COMPANIES, INC. | $94.24B | 23.4x | 10.3% |
| AJG | Arthur J. Gallagher & Co. | $68.70B | 46.7x | 20.7% |
| AON | Aon plc | $64.38B | 17.8x | 9.4% |
| WTW | WILLIS TOWERS WATSON PLC | $30.18B | 20.0x | -2.3% |
| BRO | BROWN & BROWN, INC. | $24.42B | 23.1x | 22.8% |
| EQH | Equitable Holdings, Inc. | $14.40B | — | -6.1% |
| ACT | Enact Holdings, Inc. | $6.58B | 10.6x | 2.8% |
| ARX | Accelerant Holdings | $4.32B | — | 51.5% |