10-K · March 17, 2026
Ethos (LIFE) shows strong scaling of its digital life-insurance platform with revenue rising to $388.0 million in 2025 (up 52% vs. $255.0 million in 2024) and activated policies increasing 55% to 198,338 as of December…
Earnings analysis · 10-Q
LIFE earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Ethos Technologies reported strong Q1 2026 results with revenues of $193.1 million, significantly exceeding expectations of $144.9 million, and achieving a positive EPS of $0.38 compared to an estimated loss of $0.11.…
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Ethos Technologies reported strong Q1 2026 results with revenues of $193.1 million, significantly exceeding expectations of $144.9 million, and achieving a positive EPS of $0.38 compared to an estimated loss of $0.11. This reflects an impressive year-over-year revenue growth of 104%, driven largely by expanded activated policies across their channels.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
Reported figures
- Earnings per share
- $0.38
What stood out
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Revenue Surged 104% YoY
Total revenue reached $193.1 million compared to $94.9 million in Q1 2025, an increase of $98.2 million.
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EPS Beat Estimates
Earnings per share of $0.38 surpassed estimates of -$0.11, showcasing better-than-anticipated profitability.
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Activation Policy Growth
Activated policies increased by 84% over the previous year, reaching 88,373 compared to 48,122.
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Strong Direct Channel Revenue
Direct channel revenue grew by 136%, reaching $146 million, significantly contributing to total revenue.
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Significant Cash Flow
Operating cash flow was $31.2 million for the quarter, improved from $10.8 million in Q1 2025.
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Robust Free Cash Flow
Free cash flow stood at $3.6 million compared to -$2 million in the same period last year.
What to watch
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High Net Loss
The net loss for Q1 2026 was $166.4 million, a significant increase from a profit of $12.2 million in Q1 2025.
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Rising Operational Costs
Sales and marketing expenses surged by 156% to $144.1 million, impacting overall profitability.
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Regulatory Risks in Data Privacy
Increased scrutiny over data privacy and AI use could pose compliance and financial risks.
Management's outlook
Guidance for Q2 2026 revenue expected between $114 million and $118 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.