eToro reported cash from operations of $125.65M and free cash flow of $127.43M for the quarter ended Dec 2025, up 91.3% year over year. This cash flow statement covers 8 quarters of results from Mar 2024 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 64.11M | 30.59M | 38.50M | 59.18M | 59.95M | 30.18M | 56.82M | 68.74M |
| Share-based CompensationStock Comp. | 8.89M | 9.04M | 5.90M | 3.31M | 4.29M | 3.54M | 4.30M | 4.03M |
| Non-cash ItemsNon-Cash Items | -27.88M | 25.24M | 70.73M | 33.39M | 68.16M | 32.19M | -57.32M | 130.90M |
| Cash from OperationsCash from Ops. | 50.88M | 71.95M | 80.05M | 65.70M | 89.73M | 60.95M | 41.91M | 125.65M |
| Depreciation, Depletion & Amortization | ||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | 0.72M | 0.85M | ||||||
| Amortization of Deferred ChargesAmort. Deferred Charges | 0.59M | -0.52M | 0.68M | -1.05M | 0.02M | -1.82M | ||
| Depreciation & Amortization (CF)Dep. & Amort. | 2.59M | 2.85M | 2.80M | 3.10M | 3.01M | 2.99M | 3.15M | 3.82M |
| Change in Working Capital | ||||||||
| Change in Account PayablesChange Payables | 13.04M | -9.13M | 13.30M | -31.51M | -0.67M | 24.70M | 1.20M | -41.86M |
| Change in Accured ExpensesChange Accured Exp. | 11.68M | -12.05M | 4.12M | 35.92M | -19.75M | 21.77M | -3.42M | 3.34M |
| Change in TaxesChange Taxes | 9.52M | 5.65M | 5.99M | 32.08M | 10.59M | 5.43M | 11.99M | 9.70M |
| Other Working Capital ChangesOther WC Changes | -15.43M | -0.59M | -0.18M | -0.01M | -7.03M | 0.26M | -0.10M | -0.01M |
| Investing Activities | ||||||||
| Capital ExpendituresCapex | -1.71M | -0.01M | -0.29M | -0.36M | -0.52M | -0.76M | -1.78M | -1.77M |
| Change in Acquisitions & DivestmentsChange Acquisitions | -65.00M | -11.00M | -124.00M | -24.00M | -182.26M | |||
| Cash from Investing ActivitiesCash from Investing | -1.71M | -0.26M | -0.38M | -66.17M | -11.58M | -125.59M | 66.98M | -73.35M |
| Financing Activities | ||||||||
| Other financing activitiesOther financing | 0.21M | 0.15M | 0.33M | 0.24M | 0.28M | 3.15M | 0.30M | 2.40M |
| Cash from Financing ActivitiesCash from Financing | -0.70M | -0.91M | -0.70M | -0.87M | -0.87M | 380.90M | -1.70M | -58.38M |
| Change in Capital Stock | ||||||||
| Net Shares Issued and RepurchasedNet Shares Issued | -59.55M | |||||||
| Dividend Payments | ||||||||
| Dividends Paid - CommonDiv. Paid (Common) | 503.55M | 586.76M | 575.39M | 987.86M | 1,093.47M | 1,072.64M | ||
| Additional items | ||||||||
| Exchange Rate EffectFX Effect | -3.58M | -0.45M | 4.25M | -10.02M | 7.38M | 11.55M | -1.59M | -14.75M |
| Change in Cash | 44.89M | 70.33M | 83.21M | -11.37M | 84.67M | 327.80M | 105.61M | -20.83M |
| Beginning Cash Balance | 433.23M | 503.55M | 586.76M | 660.06M | 987.86M | 1,093.47M | ||
| Free Cash FlowFCF | 52.59M | 71.97M | 80.34M | 66.06M | 90.25M | 61.70M | 43.70M | 127.43M |
| Net Cash FlowNCF | 48.47M | 70.78M | 78.96M | -1.35M | 77.29M | 316.25M | 107.20M | -6.08M |