eToro Group Ltd. (ETOR) Balance Sheet
ETOR balance sheet, 2025
December 31, 2025 · U.S. dollars$1.79B assets = $396.8M liabilities + $1.39B equity
Both columns are drawn to the same scale: what ETOR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ETOR financial health
Descriptive bands, not a rating. Fiscal 2025.
ETOR balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $531.4M2020 | $1.79B2025 | +27.5%/yr | |
| Total liabilities | $145.3M2020 | $396.8M2025 | +22.3%/yr | |
| Shareholders’ equity | $386.1M2020 | $1.39B2025 | +29.3%/yr | |
| Cash & short-term investments | $1.40B2020 | $1.28B2025 | −1.9%/yr | |
| Total debt | $24.4M2020 | $102.9M2025 | +33.3%/yr | |
| Net cash (debt) | $1.38B2020 | $1.17B2025 | −$207.1M | |
| Working capital | $374.9M2020 | $1.30B2025 | +$921.6M | |
| Book value per share | $22.062020 | $14.662025 | −7.8%/yr | |
| Debt / equity | 0.062020 | 0.072025 | +0.01 | |
| Shares outstanding | 17.5M2020 | 95.1M2025 | +40.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ETOR assets
ETOR liabilities and equity
ETOR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ETOR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $1.28B | $3.63B | $388.3M | $359.0M | $259.6M | $1.40B |
| Cash & equivalents | $1.07B | $3.57B | $388.3M | $284.6M | $259.6M | $1.40B |
| Short-term investments | $202.7M | $65.0M | $0 | $74.4M | — | — |
| Receivables | $26.8M | $80.6M | $38.7M | $54.7M | $0 | $132.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $284.1M | $1.89B | — | $0 |
| Total current assets | $1.30B | $1.08B | $711.2M | $2.30B | — | $496.9M |
| Property, plant & equipment (net) | $49.2M | $49.4M | $38.2M | $8.8M | $37.3M | $25.9M |
| Goodwill & intangible assets | $61.9M | $46.3M | $30.8M | $33.4M | $6.1M | $6.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $377.7M | $20.3M | $20.0M | $55.3M | $1.09B | $2.1M |
| Total assets | $1.79B | $1.19B | $800.2M | $2.40B | $1.13B | $531.4M |
| Liabilities | ||||||
| Accounts payable | $4.4M | $4.2M | $1.3M | $8.6M | — | $4.8M |
| Short-term debt | $6.0M | $4.8M | $3.3M | $10.3M | — | $2.2M |
| Total current liabilities | $6.0M | $305.6M | $164.9M | $1.84B | — | $122.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $54.5M | $48.3M | $36.5M | $38.9M | — | $24.4M |
| Other long-term liabilities | $390.8M | $53.4M | $37.7M | $40.8M | $553.5M | $23.3M |
| Total liabilities | $396.8M | $359.0M | $202.6M | $1.89B | $553.5M | $145.3M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1.27B | $871.5M | — | $364.4M | — | — |
| Retained earnings (deficit) | $168.2M | −$47.4M | −$239.8M | −$255.1M | −$57.6M | $208.2M |
| Accumulated other comprehensive income | $14.5M | $1.9M | $9.1M | −$255.1M | $0 | — |
| Total shareholders' equity | $1.39B | $832.4M | $597.6M | $515.4M | $581.4M | $386.1M |
| Key figures | ||||||
| Total debt | $102.9M | $48.3M | $36.5M | $45.9M | — | $24.4M |
| Net cash (debt) | $1.17B | $3.58B | $351.9M | $313.1M | — | $1.38B |
| Working capital | $1.30B | $769.8M | $546.3M | $458.8M | — | $374.9M |
| Tangible book value | $1.33B | $786.0M | $566.7M | $482.1M | $575.2M | $379.6M |
| Book value per share | $14.66 | $10.16 | $28.01 | $27.46 | $33.21 | $22.06 |
| Shares outstanding | 95.1M | 81.9M | 21.3M | 18.8M | 17.5M | 17.5M |
| Current ratio | 217.88 | 3.52 | 4.31 | 1.25 | — | 4.07 |
| Quick ratio | 217.88 | 12.14 | 2.59 | 0.22 | — | 12.59 |
| Debt / equity | 0.07 | 0.06 | 0.06 | 0.09 | — | 0.06 |
| Equity / assets | 77.9% | 69.9% | 74.7% | 21.5% | 51.2% | 72.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $1.21B | $1.28B | $1.28B | $1.22B | $1.19B | $736.1M | $3.63B | $2.29B | $1.40B |
| Cash & equivalents | $945.9M | $1.05B | $1.07B | $1.09B | $987.9M | $660.1M | $3.57B | $2.29B | $1.40B |
| Short-term investments | $267.3M | $228.2M | $202.7M | $131.0M | $200.0M | $76.0M | $65.0M | — | — |
| Receivables | $75.4M | $9.0M | $26.8M | $74.1M | $72.6M | $60.7M | $80.6M | $63.9M | $132.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $388.8M | $373.6M | $340.9M | $0 | $0 | $0 |
| Total current assets | $1.22B | $1.28B | $1.30B | $1.69B | $1.63B | $1.14B | $1.08B | $896.2M | $496.9M |
| Property, plant & equipment (net) | $35.8M | $34.4M | $49.2M | $46.9M | $47.0M | $48.0M | $49.4M | $26.4M | $25.9M |
| Goodwill & intangible assets | $65.2M | $42.5M | $61.9M | $44.4M | $45.1M | $91.1M | $46.3M | $0 | $6.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $496.2M | $497.2M | $377.7M | $21.9M | $23.8M | $0 | $20.3M | $13.3M | $2.1M |
| Total assets | $1.82B | $1.86B | $1.79B | $1.80B | $1.75B | $1.26B | $1.19B | $935.9M | $531.4M |
| Liabilities | |||||||||
| Accounts payable | $3.0M | $5.2M | $4.4M | $5.8M | $3.6M | $5.8M | $4.2M | $48.5M | $4.8M |
| Short-term debt | $6.5M | $5.5M | $6.0M | $5.7M | $5.7M | $4.9M | $4.8M | $52.2M | $2.2M |
| Total current liabilities | $6.5M | $5.5M | $6.0M | $364.6M | $366.9M | $302.7M | $305.6M | $274.8M | $122.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $35.0M | $33.7M | $54.5M | $51.0M | $51.2M | $47.4M | $48.3M | — | — |
| Other long-term liabilities | $448.2M | $476.4M | $390.8M | $58.0M | $64.3M | $58.3M | $53.4M | $21.8M | $23.3M |
| Total liabilities | $454.7M | $481.9M | $396.8M | $422.6M | $431.2M | $361.1M | $359.0M | $296.6M | $145.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $1.30B | $1.28B | $1.27B | $1.26B | $1.26B | $876.1M | — | — | — |
| Retained earnings (deficit) | $304.1M | $250.7M | $168.2M | $99.5M | $42.7M | $12.5M | −$47.4M | $124.4M | $208.2M |
| Accumulated other comprehensive income | $12.9M | $11.0M | $14.5M | $14.7M | $15.9M | −$361,000 | $1.9M | — | — |
| Total shareholders' equity | $1.36B | $1.38B | $1.39B | $1.38B | $1.32B | $894.7M | $832.4M | $639.3M | $386.1M |
| Key figures | |||||||||
| Total debt | $35.0M | $33.7M | $102.9M | $96.3M | $51.2M | $47.4M | $48.3M | $73.0M | $24.4M |
| Net cash (debt) | $1.18B | $1.24B | $1.17B | $1.13B | $1.14B | $688.7M | $3.58B | $2.22B | $1.38B |
| Working capital | $1.21B | $1.28B | $1.30B | $1.32B | $1.27B | $835.0M | $769.8M | $621.4M | $374.9M |
| Tangible book value | $1.30B | $1.33B | $1.33B | $1.33B | $1.27B | $803.5M | $786.0M | $639.3M | $379.6M |
| Book value per share | $14.87 | $14.62 | $14.00 | $13.73 | $13.59 | $10.92 | $10.16 | — | — |
| Shares outstanding | 91.7M | 94.2M | 99.6M | 100.4M | 97.0M | 81.9M | 81.9M | — | — |
| Current ratio | 186.70 | 235.25 | 217.88 | 4.63 | 4.45 | 3.76 | 3.52 | 3.26 | 4.07 |
| Quick ratio | 197.15 | 235.25 | 217.88 | 3.56 | 3.43 | 2.63 | 12.14 | 8.57 | 12.59 |
| Debt / equity | 0.03 | 0.02 | 0.07 | 0.07 | 0.04 | 0.05 | 0.06 | 0.11 | 0.06 |
| Equity / assets | 75.0% | 74.1% | 77.9% | 76.5% | 75.4% | 71.2% | 69.9% | 68.3% | 72.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
ETOR financial position
At the end of fiscal 2025 (December 31, 2025), eToro had total assets of $1.8 billion (up 50.4% from a year earlier), total liabilities of $396.8 million and shareholders' equity of $1.4 billion. It held $1.3 billion in cash and short-term investments against $102.9 million of debt, a net cash position of $1.2 billion. Its current ratio was 217.88. In the latest quarter (ended June 30, 2026) total assets were $1.8 billion and equity $1.4 billion.
Related: ETOR income statement, ETOR cash flow statement, ETOR key metrics. See the ETOR stock overview for the latest quote and news.
ETOR balance sheet FAQ
What are eToro's total assets?
eToro reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does eToro have?
eToro had $102.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.07.
How much cash does eToro have?
eToro held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $102.9 million of debt that is net cash of $1.2 billion.
What is eToro's book value?
eToro's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $14.66 per share.
What is eToro's current ratio?
eToro had current assets of $1.3 billion and current liabilities of $6.0 million, a current ratio of 217.88 (it can cover its short-term obligations).
How much goodwill does eToro have?
eToro carried $61.9 million of goodwill and intangible assets, 3.5% of total assets, at the end of fiscal 2025.