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 quarter-over-quarter from $37.9 million in Q3 2025.
eToro (ETOR) Research & Development (2024 - 2025) Analysis & Trends
eToro's Research & Development history runs 2 years deep, the most recent figure standing at $37.9 million for 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 for Q4 2025 stood at $37.9 million, 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 256.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | - |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 26.20 Mn |
| 10 | eToro | 2.56 Bn | 2.35 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 |