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eToro Group

ETOR on Nasdaq. Security brokers, dealers & flotation companies. Market value $2.0bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

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Return on equity
five annual reports to December 2025
Not reported

We don't have this figure for this company.

Price to book
annual report to December 2025
Not reported

We don't have this figure for this company.

Earnings yield
annual report to December 2025
10.3%

Profit per $100 you pay: $10.27.

Quality score: not known. Price score: 75 of 100. Our list needs 70 on quality and 60 on price.

$26.40 a share, 7% above its 1-year low

Over the past year the price has ranged from $24.74 to $44.21.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
2025
Revenue
n/a
Operating margin
n/a
Debt to equity
n/a
Shares outstanding
n/a

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown

Dates

Next results (estimated)
n/a
Last annual report (10-K)
2 March 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 150 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

  • Jonathan Alexander Assia
    Insider or founder
    13.8%
    Since 14 May 2025
    What they said

    The Reporting Person owns the securities reported herein for investment purposes and to incentivize him in connection with his employment by the Issuer. The Reporting Person also may change his investment intent at any time, to acquire additional shares of Class A Common Shares…

    Read the filing
  • China Vered Financial Holding Corporation Limited
    Passive investor
    8.9%
    Since 15 May 2025
  • 8.8%+3.4 pts
    Since 30 June 2026
  • BRM Group Ltd.
    Passive investor
    at least 8.3%−3.7 pts
    (filed with 3 related holders)
    Since 31 March 2026
  • China Vered Financial Holding Corp Ltd
    Passive investor
    at least 5.3%−3.6 pts
    (filed with 6 related holders)
    Since 21 July 2026
  • PEAK6 Capital Management LLC
    Passive investor
    at least 2.5%0.0 pts
    (filed with 7 related holders)
    Since 30 June 2026
  • Spark Capital II, L.P.
    Passive investor
    Sold down below 5%
    Since 12 August 2026
    What they said

    The information set forth in Item 4 of the Original 13D is incorporated herein by reference.

    Read the filing
  • Andalusian Private Capital, LP
    Passive investor
    Sold down below 5%
    Since 31 December 2025
  • Spark Capital Growth Fund II, L.P.
    Passive investor
    Sold down below 5%
    Since 11 November 2025
    What they said

    The information set forth in Item 4 of the Original 13D is incorporated herein by reference.

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 3 sold $10m, $2m of it under preset trading plans.

  • Eddy Shalev
    Director
    Sold
    Date
    28 August 2026
    Shares
    100,000
    Price
    $31.20
    Value
    $3m
  • POLITI SANTO
    Director
    Sold
    Date
    12 August 2026
    Shares
    5,783
    Price
    $28.01
    Value
    $161,999
  • Ber Hedva
    Global COO & Deputy CEO
    Sold
    under a preset trading plan
    Date
    1 June 2026
    Shares
    55,160
    Price
    $41.90
    Value
    $2m
  • POLITI SANTO
    Director
    Sold
    Date
    14 May 2026
    Shares
    2,892
    Price
    $41.04
    Value
    $118,688
  • Eddy Shalev
    Director
    Sold
    Date
    14 May 2026
    Shares
    100,000
    Price
    $41.26
    Value
    $4m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

eToro Group doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.