eToro (ETOR) Research & Development (2024 - 2025)
eToro (ETOR) posted quarterly Research & Development of $37.9 million for Q4 2025, up 18.37% year-over-year from $32.0 million in Q4 2024, and little changed on a QoQ basis from $37.9 million in Q3 2025.
eToro (ETOR) Research & Development (2024 - 2025) Analysis & Trends
eToro (ETOR) has reported Research & Development for 2 consecutive years, with $37.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development rose 18.37% year-over-year to $37.9 million; the TTM figure through Dec 2025 stood at $151.2 million (up 15.39% YoY), while the FY2025 annual figure was $151.2 million, up 15.39% from the prior year.
- Research & Development came in at $37.9 million for Q4 2025 at eToro, roughly flat from $37.9 million in the prior quarter.
- The five-year high for Research & Development was $38.9 million in Q2 2025, with the low at $31.1 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 241.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 23.47 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 39.55 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | eToro | 3.37 Bn | 2.10 Bn | 78.44 Mn | 37.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 37.87 Mn |
| Sep 30, 2025 | 37.91 Mn |
| Jun 30, 2025 | 38.85 Mn |
| Mar 31, 2025 | 36.62 Mn |
| Dec 31, 2024 | 31.99 Mn |
| Sep 30, 2024 | 31.14 Mn |
| Jun 30, 2024 | 34.77 Mn |
| Mar 31, 2024 | 33.17 Mn |