eHealth, Inc. (EHTH) Balance Sheet
EHTH balance sheet, 2025
December 31, 2025 · U.S. dollars$1.26B assets = $288.8M liabilities + $973.7M equity
Both columns are drawn to the same scale: what EHTH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EHTH financial health
Descriptive bands, not a rating. Fiscal 2025.
EHTH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $108.9M2016 | $1.26B2025 | +31.3%/yr | |
| Total liabilities | $31.3M2016 | $288.8M2025 | +28.0%/yr | |
| Shareholders’ equity | $77.6M2016 | $973.7M2025 | +32.5%/yr | |
| Cash & short-term investments | $61.8M2016 | $77.2M2025 | +2.5%/yr | |
| Total debt | $2.0M2016 | $134.4M2025 | +59.5%/yr | |
| Net cash (debt) | $59.8M2016 | −$57.1M2025 | −$116.9M | |
| Working capital | $48.2M2016 | $235.3M2025 | +$187.1M | |
| Book value per share | $4.252016 | $31.942025 | +25.1%/yr | |
| Debt / equity | 0.032016 | 0.142025 | +0.11 | |
| Shares outstanding | 18.3M2016 | 30.5M2025 | +5.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EHTH assets
EHTH liabilities and equity
EHTH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EHTH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $77.2M | $82.2M | $121.7M | $144.4M | $123.2M | $93.4M | $23.5M | $13.1M | $40.3M | $61.8M |
| Cash & equivalents | $73.7M | $39.2M | $115.7M | $144.4M | $81.9M | $43.8M | $23.5M | $13.1M | $40.3M | $61.8M |
| Short-term investments | $3.5M | $43.0M | $5.9M | $0 | $41.3M | $49.6M | — | — | $0 | $0 |
| Receivables | $243.8M | $259.3M | $248.7M | $245.4M | $260.6M | $221.0M | $177.4M | $137.8M | $111.1M | $9.2M |
| Inventory | $0 | $0 | $2.7M | $1 | $22.9M | $16.1M | $5.5M | $3.5M | $2.7M | $2.9M |
| Other current assets | $13.3M | $13.0M | $9.3M | $11.3M | $922,000 | $595,000 | $1.8M | $1.8M | $1.6M | $2.2M |
| Total current assets | $334.4M | $354.5M | $382.4M | $401.1M | $407.6M | $331.0M | $208.1M | $156.2M | $155.7M | $76.1M |
| Property, plant & equipment (net) | $13.0M | $16.5M | $27.6M | $32.0M | $49.5M | $57.2M | $47.1M | $7.7M | $4.7M | $5.6M |
| Goodwill & intangible assets | $22.3M | $20.7M | $631.8M | $223.4M | $183.0M | $48.8M | $50.3M | $52.5M | $21.6M | $22.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $892.9M | $763.7M | $71.6M | $456.1M | $509.2M | $603.1M | $436.1M | $222.9M | $177.0M | $4.5M |
| Total assets | $1.26B | $1.16B | $1.11B | $1.11B | $1.15B | $1.04B | $741.6M | $439.3M | $359.1M | $108.9M |
| Liabilities | ||||||||||
| Accounts payable | $28.3M | $23.4M | $7.2M | $6.7M | $13.8M | $36.9M | $24.6M | $5.7M | $3.2M | $5.1M |
| Short-term debt | $7.3M | $7.7M | $7.1M | $6.5M | $5.5M | $5.2M | $4.8M | $224,000 | $1.2M | $18.1M |
| Deferred revenue | — | — | −$127,000 | $32.4M | $52.8M | $308,000 | $2.6M | $876,000 | $385,000 | $959,000 |
| Total current liabilities | $99.1M | $96.0M | $78.5M | $60.6M | $75.5M | $84.4M | $113.0M | $60.6M | $25.4M | $27.9M |
| Long-term debt | $113.0M | $68.5M | $67.8M | $66.1M | $0 | $0 | $0 | $5.0M | $0 | $0 |
| Lease obligations | $21.4M | $28.5M | $35.4M | $40.7M | $41.4M | $46.6M | $39.1M | — | — | — |
| Other long-term liabilities | $76.8M | $402.5M | $63.0M | $335.0M | $324.3M | $118.1M | $101.5M | $70.5M | $47.0M | $3.4M |
| Total liabilities | $288.8M | $567.0M | $209.3M | $461.7M | $399.8M | $202.5M | $214.5M | $136.1M | $72.5M | $31.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $44,000 | $43,000 | $41,000 | $40,000 | $39,000 | $38,000 | $35,000 | $31,000 | $30,000 | $29,000 |
| Retained earnings (deficit) | $30.1M | $15.2M | $7.3M | $73.8M | $193.2M | $316.2M | $271.9M | $205.0M | $204.7M | $4.6M |
| Treasury stock | — | — | — | — | −$200.0M | −$200.0M | −$200.0M | −$200.0M | −$200.0M | −$200.0M |
| Accumulated other comprehensive income | −$62,000 | −$234,000 | −$82,000 | −$73,000 | $390,000 | $350,000 | $116,000 | $127,000 | $202,000 | $176,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $973.7M | $588.4M | $904.1M | $651.0M | $749.5M | $837.6M | $527.2M | $303.1M | $286.7M | $77.6M |
| Key figures | ||||||||||
| Total debt | $134.4M | $96.9M | $103.2M | $106.8M | $41.4M | $46.6M | $39.1M | $5.2M | $3.4M | $2.0M |
| Net cash (debt) | −$57.1M | −$14.7M | $18.5M | $37.6M | $81.9M | $46.8M | −$15.6M | $7.9M | $36.9M | $59.8M |
| Working capital | $235.3M | $258.5M | $303.8M | $340.5M | $332.1M | $246.6M | $95.2M | $95.5M | $130.3M | $48.2M |
| Tangible book value | $951.4M | $567.7M | $272.3M | $427.6M | $566.5M | $788.8M | $476.9M | $250.7M | $265.0M | $54.9M |
| Book value per share | $31.94 | $20.06 | $32.27 | $23.79 | $27.99 | $31.00 | $21.48 | $14.85 | $15.05 | $4.25 |
| Shares outstanding | 30.5M | 29.3M | 28.0M | 27.4M | 26.8M | 27.0M | 24.5M | 20.4M | 19.0M | 18.3M |
| Current ratio | 3.37 | 3.69 | 4.87 | 6.62 | 5.40 | 3.92 | 1.84 | 2.58 | 6.12 | 2.73 |
| Quick ratio | 3.24 | 3.56 | 4.72 | 6.44 | 5.09 | 3.72 | 1.78 | 2.49 | 5.95 | 2.54 |
| Debt / equity | 0.14 | 0.16 | 0.11 | 0.16 | 0.06 | 0.06 | 0.07 | 0.02 | 0.01 | 0.03 |
| Equity / assets | 77.1% | 50.9% | 81.2% | 58.5% | 65.2% | 80.5% | 71.1% | 69.0% | 79.8% | 71.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $101.0M | $110.8M | $77.2M | $75.3M | $105.2M | $155.6M | $82.2M | $117.8M | $151.1M | $188.9M | $121.7M | $160.6M |
| Cash & equivalents | $69.7M | $75.1M | $73.7M | $63.1M | $65.9M | $121.1M | $39.2M | $64.0M | $126.3M | $175.0M | $115.7M | $152.1M |
| Short-term investments | $31.4M | $35.7M | $3.5M | $12.2M | $39.3M | $34.5M | $43.0M | $53.8M | $24.7M | $13.9M | $5.9M | $8.5M |
| Receivables | $204.6M | $213.7M | $243.8M | $210.3M | $918.8M | $200.9M | $259.3M | $203.5M | $195.5M | $204.4M | $248.7M | $212.9M |
| Inventory | −$1.6M | $0 | $0 | $0 | $0 | $0 | $0 | −$616.4M | $1 | $0 | $1 | $0 |
| Other current assets | $11.6M | $12.1M | $13.3M | $17.3M | $0 | $13.0M | $13.0M | $636.1M | $9.3M | $11.0M | $12.0M | $23.2M |
| Total current assets | $315.8M | $336.6M | $334.4M | $302.9M | $328.2M | $369.4M | $354.5M | $340.9M | $355.9M | $404.4M | $382.4M | $396.7M |
| Property, plant & equipment (net) | $11.0M | $12.2M | $13.0M | $14.1M | $15.3M | $15.4M | $16.5M | $17.2M | $17.8M | $20.5M | $27.6M | $29.4M |
| Goodwill & intangible assets | $0 | $0 | $22.3M | $0 | $0 | $0 | $20.7M | $0 | $0 | $204.4M | $631.8M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $831.3M | $852.3M | $892.9M | $730.4M | $736.3M | $752.3M | $763.7M | $643.9M | $665.0M | $466.4M | $71.6M | $600.3M |
| Total assets | $1.16B | $1.20B | $1.26B | $1.05B | $1.08B | $1.14B | $1.16B | $1.00B | $1.04B | $1.10B | $1.11B | $1.03B |
| Liabilities | ||||||||||||
| Accounts payable | $3.0M | $5.6M | $28.3M | $6.2M | $5.7M | $7.3M | $23.4M | $5.4M | $5.0M | $6.3M | $7.2M | $7.0M |
| Short-term debt | $6.6M | $6.9M | $7.3M | $7.8M | $76.7M | $76.6M | $7.7M | $7.4M | $76.0M | $75.4M | $7.1M | $6.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$7.4M | $50.3M | $61.1M | $34.2M |
| Total current liabilities | $31.7M | $6.9M | $99.1M | $51.2M | $110.2M | $143.4M | $96.0M | $53.8M | $116.3M | $146.0M | $78.5M | $53.2M |
| Long-term debt | $114.6M | $113.8M | $113.0M | $69.4M | $0 | $0 | $68.5M | $69.2M | $0 | $0 | $67.8M | $67.3M |
| Lease obligations | $17.6M | $19.4M | $21.4M | $23.3M | $24.7M | $26.6M | $28.5M | $29.8M | $31.7M | $33.5M | $35.4M | $37.0M |
| Other long-term liabilities | $64.6M | $110.8M | $76.8M | $42.3M | $55.7M | $64.2M | $402.5M | $52.5M | $373.5M | $366.8M | $361.0M | $346.2M |
| Total liabilities | $617.2M | $231.5M | $288.8M | $162.9M | $165.9M | $207.6M | $567.0M | $175.5M | $489.8M | $512.8M | $507.3M | $466.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $46,000 | $45,000 | $44,000 | $44,000 | $44,000 | $43,000 | $43,000 | $43,000 | $42,000 | $42,000 | $41,000 | $40,000 |
| Retained earnings (deficit) | −$11.6M | $12.0M | $30.1M | −$43.8M | −$12.1M | $5.3M | $15.2M | −$113.4M | −$59.4M | −$20.4M | $7.3M | −$34.4M |
| Accumulated other comprehensive income | $231,000 | $58,000 | −$62,000 | −$178,000 | −$260,000 | −$265,000 | −$234,000 | $126,000 | −$91,000 | −$60,000 | −$82,000 | −$133,000 |
| Total shareholders' equity | $540.8M | $969.6M | $973.7M | $884.5M | $913.8M | $929.6M | $588.4M | $826.5M | $548.9M | $582.8M | $606.0M | $559.6M |
| Key figures | ||||||||||||
| Total debt | $132.2M | $133.2M | $134.4M | $92.7M | $93.8M | $95.3M | $96.9M | $98.9M | $100.4M | $101.7M | $103.2M | $104.4M |
| Net cash (debt) | −$31.1M | −$22.4M | −$57.1M | −$17.4M | $11.4M | $60.2M | −$14.7M | $18.8M | $50.7M | $87.2M | $18.5M | $56.2M |
| Working capital | $284.0M | $329.7M | $235.3M | $251.6M | $218.0M | $226.1M | $258.5M | $287.0M | $239.6M | $258.3M | $303.8M | $343.5M |
| Tangible book value | $540.8M | $969.6M | $951.4M | $884.5M | $913.8M | $929.6M | $567.7M | $826.5M | $548.9M | $378.4M | −$25.8M | $559.6M |
| Book value per share | $17.02 | $30.28 | $30.40 | $28.87 | $30.06 | $30.99 | $19.26 | $28.03 | $18.78 | $20.16 | $20.63 | $19.91 |
| Shares outstanding | 31.8M | 32.0M | 32.0M | 30.6M | 30.4M | 30.0M | 30.6M | 29.5M | 29.2M | 28.9M | 29.4M | 28.1M |
| Current ratio | 9.95 | 48.61 | 3.37 | 5.91 | 2.98 | 2.58 | 3.69 | 6.33 | 3.06 | 2.77 | 4.87 | 7.45 |
| Quick ratio | 9.63 | 46.87 | 3.24 | 5.57 | 9.29 | 2.49 | 3.56 | 5.97 | 2.98 | 2.69 | 4.72 | 7.01 |
| Debt / equity | 0.24 | 0.14 | 0.14 | 0.10 | 0.10 | 0.10 | 0.16 | 0.12 | 0.18 | 0.17 | 0.17 | 0.19 |
| Equity / assets | 46.7% | 80.7% | 77.1% | 84.4% | 84.6% | 81.7% | 50.9% | 82.5% | 52.8% | 53.2% | 54.4% | 54.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
EHTH financial position
At the end of fiscal 2025 (December 31, 2025), eHealth had total assets of $1.3 billion (up 9.3% from a year earlier), total liabilities of $288.8 million and shareholders' equity of $973.7 million. It held $77.2 million in cash and short-term investments against $134.4 million of debt, net debt of $57.1 million. Its current ratio was 3.37. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $540.8 million.
Related: EHTH income statement, EHTH cash flow statement, EHTH key metrics. See the EHTH stock overview for the latest quote and news.
EHTH balance sheet FAQ
What are eHealth's total assets?
eHealth reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does eHealth have?
eHealth had $134.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does eHealth have?
eHealth held $77.2 million in cash and short-term investments at the end of fiscal 2025; with $134.4 million of debt that is net debt of $57.1 million.
What is eHealth's book value?
eHealth's shareholders' equity (book value) was $973.7 million at the end of fiscal 2025, or $31.94 per share.
What is eHealth's current ratio?
eHealth had current assets of $334.4 million and current liabilities of $99.1 million, a current ratio of 3.37 (it can cover its short-term obligations).
How much goodwill does eHealth have?
eHealth carried $22.3 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.