EHTH eHealth, Inc.

Overview and Growth

Fiscal 2025 results for eHealth, Inc. combined $554.01M of revenue with net income of $40.04M and an operating cash outflow of $25.34M. The $554.01M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 4.1% from $532.41M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were -$0.34, translating the period’s attributable earnings into the amount reported for each diluted share. The revenue-to-assets relationship was 0.44x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $240.77M as gross profit before recognizing operating expenses and other items. Gross profit represented 43.5% of revenue, showing how much of the top line remained after direct costs. Operations produced $66.49M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 12.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $40.04M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 7.2% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $58.73M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 10.6% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $18.68M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 31.8%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 6.8%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 3.2%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, current assets of $334.35M compared with current liabilities of $99.07M, defining the company’s short-term resource position. At 3.37x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $73.72M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 74.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $112.95M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.19x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 8.9%, comparing borrowing with the total asset balance. Liabilities represented 22.9% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 5.8%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $1.16B in fiscal 2024, the current asset base moved 9.3% and finished higher. Against $588.43M of equity in fiscal 2024, the current book-equity balance moved 0.5% and ended higher.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $25.34M, showing that operations absorbed cash during the period. Capital spending of $2.25M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Operating cash flow and capital spending combined to leave a $27.59M cash deficit after capital spending. The free-cash-flow deficit equaled 5.0% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 2.2% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.