eToro maintains a conservative financial structure with a debt-to-equity ratio of 0.02 and a substantial $1.3 billion cash balance as of 2026Q1, providing significant flexibility.
| Cash & Short Term Investments | 4.96B | 1.28B | 3.63B | 388.33M | 358.96M | 0 | 1.4B |
| Cash & Due from Banks | 1.05B | 1.07B | 3.57B | 388.33M | 284.58M | 259.59M | 1.4B |
| Short Term Investments | 228.25M | 202.69M | 65M | 0 | 74.37M | 0 | 0 |
| Total Investments | 300.58M | 276.98M | 65M | 0 | 74.37M | 0 | 0 |
| Investments Growth % | 621.62% | 326.13% | - | -100% | - | - | - |
| Long-Term Investments | 146.62M | 74.29M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 8.95M | 26.82M | 3.04M | 1.51M | 5.25M | 0 | 12.38M |
| Goodwill & Intangibles | 42.51M | 43.21M | 46.35M | 30.82M | 33.35M | 6.13M | 6.53M |
| Goodwill | 0 | 0 | 18.68M | 7.44M | 7.44M | 0 | 1.6M |
| Intangible Assets | 42.51M | 43.21M | 27.67M | 23.38M | 25.91M | 6.13M | 4.93M |
| PP&E (Net) | 34.38M | 49.23M | 49.41M | 38.22M | 8.81M | 37.25M | 25.87M |
| Other Assets | 413.39M | 310.35M | 11.63M | 10.55M | 45.38M | 1.09B | 213K |
| Total Current Assets | 1.28B | 1.3B | 1.08B | 711.15M | 2.3B | 0 | 496.86M |
| Total Non-Current Assets | 574.12M | 488.87M | 116.04M | 89.01M | 97.47M | 1.13B | 34.51M |
| Total Assets | 1.86B | 1.79B | 1.19B | 800.16M | 2.4B | 1.13B | 531.37M |
| Asset Growth % | 98.41% | 50.36% | 48.89% | -66.67% | 111.51% | 113.59% | - |
| Return on Assets (ROA) | 13.23% | 14.46% | 19.32% | 0.95% | -12.16% | -31.89% | 15.59% |
| Accounts Payable | 0 | 0 | 4.2M | 1.25M | 8.62M | 0 | 4.75M |
| Total Debt | 33.67M | 102.95M | 48.3M | 36.46M | 45.86M | 0 | 24.43M |
| Net Debt | -1.01B | -970.02M | -3.52B | -351.88M | -238.72M | -259.59M | -1.38B |
| Long-Term Debt | 0 | 48.48M | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 5.46M | 5.98M | 0 | 0 | 7M | 0 | 0 |
| Other Liabilities | 443.71M | 289.15M | 6.91M | 1.82M | 2M | 553.55M | 1.07M |
| Total Current Liabilities | 5.46M | 5.98M | 305.57M | 164.9M | 1.84B | 0 | 121.97M |
| Total Non-Current Liabilities | 476.41M | 390.78M | 53.42M | 37.71M | 40.84M | 553.55M | 23.31M |
| Total Liabilities | 481.88M | 396.76M | 358.99M | 202.6M | 1.89B | 553.55M | 145.28M |
| Total Equity | 1.38B | 1.39B | 832.38M | 597.56M | 515.43M | 581.38M | 386.09M |
| Equity Growth % | 121.48% | 67.54% | 39.3% | 15.93% | -11.34% | 50.58% | - |
| Equity / Assets (Capital Ratio) | 74.08% | 77.85% | 69.87% | 74.68% | 21.47% | 51.23% | 72.66% |
| Return on Equity (ROE) | 17.42% | 19.37% | 26.91% | 2.74% | -39.2% | -54.93% | 21.46% |
| Book Value per Share | 14.62 | 14.66 | 37.92 | 28.01 | 27.46 | 33.21 | 4.71 |
| Tangible BV per Share | 14.17 | 14.21 | 35.81 | 26.57 | 25.68 | 32.86 | 4.63 |
| Common Stock | 1.28B | 1.27B | 0 | 0 | 364.41M | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 871.49M | 830.92M | 0 | 232.91M | 177.85M |
| Retained Earnings | 250.65M | 168.25M | -47.45M | -239.83M | 0 | -57.64M | 208.24M |
| Accumulated OCI | 10.97M | 14.53M | 1.87M | 0 | -255.09M | 0 | 0 |
| Treasury Stock | -165.16M | -62.09M | -2.63M | -2.63M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 156.11M | 406.11M | 0 |
Regulatory and sentiment volatility
According to recent financial statements, eToro's equity base has expanded to $1.4 billion as of 2026Q1, reflecting a consistent trend of retained earnings growth that suggests the company is successfully transitioning from a capital-intensive growth phase to a more self-sustaining, profitable operational model over time.
The steady accumulation of retained earnings, which reached $250.7 million in 2026Q1, indicates that the business is effectively internalizing profits rather than relying on external financing. This trajectory suggests an improving quality of the balance sheet, provided that the company can maintain this momentum without reverting to the high-burn cycles observed in previous periods.
Based on the reported figures for 2026Q1, the company maintains a current ratio of 235.25, supported by a substantial cash position of $1.3 billion, which provides a significant buffer against the inherent volatility of retail trading volumes and potential regulatory capital requirements in the EMEA region.
This liquidity profile appears exceptionally strong, far exceeding the requirements of a typical retail brokerage. Investors should monitor whether this cash pile is deployed for strategic M&A or if it remains idle, as the opportunity cost of holding such high cash balances may weigh on long-term return on equity.
As reported in recent filings, eToro maintains a conservative debt-to-equity ratio of 0.02 as of 2026Q1, with total debt standing at only $33.7 million, signaling that the company is not reliant on external credit markets to fund its ongoing operations or technology infrastructure investments.
The minimal debt load suggests that the company's financial structure is highly resilient to interest rate fluctuations. This lack of leverage implies that the company's cash flow is primarily directed toward shareholder returns or reinvestment rather than debt service, which is a positive indicator for long-term solvency.
Based on the balance sheet data, the company's asset base is dominated by cash and equivalents, with net PPE of only $34.4 million as of 2026Q1, confirming an asset-light business model that prioritizes digital infrastructure over physical capital expenditures to scale its social trading platform.
The low level of PPE relative to total assets highlights the scalability of the platform, as the company does not require significant physical investment to add new users. The modest goodwill of $42.5 million suggests that the company has not overpaid for acquisitions, keeping the asset base relatively clean of impairment risks.
Quick answers to the most common questions about buying ETOR stock.
As of 2025, eToro Group Ltd. (ETOR) had total assets of $1.79B including $1.30B in current assets.
eToro Group Ltd. (ETOR) carries total debt of $102.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
eToro Group Ltd. (ETOR) has total shareholders' equity (book value) of $1.39B ($14.66 book value per share). Book value represents the net worth of the company belonging to common stock holders.
eToro Group Ltd. (ETOR) reported a current ratio of 217.88x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.