eToro Group Ltd.
ETOR · Security Brokers, Dealers & Flotation Companies · EDGAR filings ↗
Reference price $41.90 — last insider sale, 2026-06-01 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B73Profitable, diversified retail trading platform with top-decile ROA and positive FCF, but margins and earnings swing with market/crypto volatility.
Strengths
- ROA 12% (96th pct), positive FCF $313M, very strong liquidity (current/quick ratio 4.9, 100th pct)
- Diversified multi-asset revenue model (trading, interest, money, subscriptions) with global brand and 3.8M funded accounts
Risks
- Headline margins thin/distorted by crypto cost of revenue (gross 5th, OCF-margin 19th pct); ROE only 60th pct
- Highly cyclical, dependent on trading volumes and crypto sentiment; principal trading and counterparty risk
Notable findings
- Strong balance sheetStrong balance sheet — $1.1B cash & investments
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$7M, last 6mo) Form 4 ↗
Key metrics
Gross margin
1.8%
Net margin
1.6%
Return on equity
15.5%
Return on assets
12.0%
Current ratio
4.9×
Free cash flow
$313M
Tangible book value
$1.4B
Cash & investments
$1.1B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Ber Hedva | Option exercise | 21K | $17.50 |
| 2026-06-01 | Ber Hedva | Option exercise | 6.0K | $15.00 |
| 2026-06-01 | Ber Hedva | Option exercise | 22K | $17.50 |
| 2026-06-01 | Ber Hedva | Option exercise | 6.0K | $15.00 |
| 2026-06-01 | Ber Hedva | Sell | 55K | $41.90 |
| 2026-05-14 | POLITI SANTO | Disposition | 1.8M | — |
| 2026-05-14 | POLITI SANTO | Disposition | 12K | — |
| 2026-05-14 | POLITI SANTO | Other | 2.9K | — |
| 2026-05-14 | POLITI SANTO | Sell | 2.9K | $41.04 |
| 2026-05-14 | Eddy Shalev | Sell | 100K | $41.26 |
| 2026-04-27 | POLITI SANTO | Grant | 9.3K | — |
| 2026-04-27 | SHALEV EDDY | Grant | 9.3K | — |
| 2026-04-27 | Stepak Avner | Grant | 9.3K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-02 | 2025-12-31 | 0001213900-26-022034 ↗ |