Ethos Technologies Inc. (LIFE) Balance Sheet
LIFE balance sheet, 2025
December 31, 2025 · U.S. dollars$515.3M assets = $539.5M liabilities + −$24.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$24.1M).
Both columns are drawn to the same scale: what LIFE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LIFE financial health
Descriptive bands, not a rating. Fiscal 2025.
LIFE balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $279.7M2023 | $515.3M2025 | +35.7%/yr | |
| Total liabilities | $438.8M2023 | $539.5M2025 | +10.9%/yr | |
| Shareholders’ equity | −$159.2M2023 | −$24.1M2025 | — | |
| Cash & short-term investments | $129.0M2023 | $126.0M2025 | −1.2%/yr | |
| Working capital | $121.8M2023 | $132.6M2025 | +$10.8M | |
| Book value per share | −$2.542023 | −$0.392025 | — | |
| Shares outstanding | 62.6M2023 | 62.6M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LIFE assets
LIFE liabilities and equity
LIFE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LIFE balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $126.0M | $103.4M | $129.0M |
| Cash & equivalents | $91.1M | $35.1M | $25.0M |
| Short-term investments | $34.9M | $68.3M | $104.0M |
| Receivables | $65.3M | $45.4M | $17.7M |
| Inventory | $0 | $0 | $0 |
| Other current assets | $54.6M | $26.1M | $2.2M |
| Total current assets | $245.8M | $174.8M | $148.9M |
| Property, plant & equipment (net) | $10.4M | $10.0M | $9.1M |
| Goodwill & intangible assets | $2.9M | $2.5M | $2.3M |
| Long-term investments | $31.5M | $35.0M | $0 |
| Other non-current assets | $224.8M | $173.7M | $119.4M |
| Total assets | $515.3M | $395.9M | $279.7M |
| Liabilities | |||
| Accounts payable | $66.8M | $33.7M | $13.1M |
| Short-term debt | $1.1M | — | — |
| Total current liabilities | $113.2M | $67.6M | $27.1M |
| Long-term debt | $0 | $0 | $0 |
| Lease obligations | $2.4M | $2.6M | $798,000 |
| Other long-term liabilities | $426.3M | $435.4M | $411.7M |
| Total liabilities | $539.5M | $503.0M | $438.8M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $2,000 | — | — |
| Retained earnings (deficit) | −$102.5M | −$173.7M | −$222.5M |
| Accumulated other comprehensive income | −$554,000 | — | — |
| Total shareholders' equity | −$24.1M | −$107.2M | −$159.2M |
| Key figures | |||
| Total debt | $2.4M | — | — |
| Net cash (debt) | $123.6M | — | — |
| Working capital | $132.6M | $107.2M | $121.8M |
| Tangible book value | −$27.0M | −$109.6M | −$161.4M |
| Book value per share | −$0.39 | −$1.71 | −$2.54 |
| Shares outstanding | 62.6M | 62.6M | 62.6M |
| Current ratio | 2.17 | 2.59 | 5.49 |
| Quick ratio | 1.69 | 2.20 | 5.41 |
| Equity / assets | −4.7% | −27.1% | −56.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $168.3M | $144.6M | $126.0M | $129.7M | $129.0M | $103.4M |
| Cash & equivalents | $112.2M | $107.9M | $91.1M | $84.3M | $80.3M | $35.1M |
| Short-term investments | $56.2M | $36.7M | $34.9M | $45.5M | $48.7M | $68.3M |
| Receivables | $88.1M | $344.7M | $65.3M | $57.0M | $252.8M | $45.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $293.4M | $0 | $54.6M | $48.1M | $0 | $26.1M |
| Total current assets | $549.8M | $489.3M | $245.8M | $234.9M | $381.8M | $174.8M |
| Property, plant & equipment (net) | $12.6M | $12.2M | $10.4M | $10.4M | $9.7M | $10.0M |
| Goodwill & intangible assets | $5.1M | $5.1M | $2.9M | $2.4M | $4.7M | $2.5M |
| Long-term investments | $84.5M | $79.2M | $31.5M | $31.5M | $0 | $35.0M |
| Other non-current assets | $44.0M | $33.5M | $224.8M | $209.2M | $70.1M | $173.7M |
| Total assets | $696.1M | $619.4M | $515.3M | $488.3M | $466.2M | $395.9M |
| Liabilities | ||||||
| Accounts payable | $89.8M | $76.6M | $66.8M | $73.4M | — | $33.7M |
| Short-term debt | $10.5M | $11.9M | $1.1M | $1.0M | $13.0M | — |
| Total current liabilities | $10.5M | $11.9M | $113.2M | $108.1M | $13.0M | $67.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.8M | $2.1M | $2.4M | $2.5M | — | $2.6M |
| Other long-term liabilities | $209.4M | $166.2M | $426.3M | $429.2M | $114.2M | $435.4M |
| Total liabilities | $219.9M | $178.0M | $539.5M | $537.2M | $127.2M | $503.0M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $2,000 | $2,000 | $2,000 | — |
| Retained earnings (deficit) | −$249.4M | −$268.9M | −$102.5M | −$127.1M | −$142.9M | −$173.7M |
| Accumulated other comprehensive income | −$1.4M | −$1.1M | −$554,000 | −$498,000 | −$417,000 | — |
| Total shareholders' equity | $476.2M | $441.3M | −$24.1M | −$48.9M | $339.0M | −$107.2M |
| Key figures | ||||||
| Total debt | $20.0M | $23.2M | $2.4M | $2.5M | $32.9M | — |
| Net cash (debt) | $148.3M | $121.4M | $123.6M | $127.2M | $96.2M | — |
| Working capital | $539.3M | $477.5M | $132.6M | $126.8M | $368.7M | $107.2M |
| Tangible book value | $471.1M | $436.2M | −$27.0M | −$51.3M | $334.3M | −$109.6M |
| Book value per share | $7.25 | $9.17 | −$0.39 | −$0.78 | $5.39 | −$1.71 |
| Shares outstanding | 65.6M | 48.1M | 62.6M | 62.6M | 62.9M | 62.6M |
| Current ratio | 52.25 | 41.28 | 2.17 | 2.17 | 29.26 | 2.59 |
| Quick ratio | 24.37 | 41.28 | 1.69 | 1.73 | 29.26 | 2.20 |
| Debt / equity | 0.04 | 0.05 | — | — | 0.10 | — |
| Equity / assets | 68.4% | 71.3% | −4.7% | −10.0% | 72.7% | −27.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
LIFE financial position
At the end of fiscal 2025 (December 31, 2025), Ethos Technologies had total assets of $515.3 million (up 30.2% from a year earlier), total liabilities of $539.5 million and shareholders' equity of -$24.1 million. It held $126.0 million in cash and short-term investments against $2.4 million of debt, a net cash position of $123.6 million. Its current ratio was 2.17. In the latest quarter (ended June 30, 2026) total assets were $696.1 million and equity $476.2 million.
Related: LIFE income statement, LIFE cash flow statement, LIFE key metrics. See the LIFE stock overview for the latest quote and news.
LIFE balance sheet FAQ
What are Ethos Technologies's total assets?
Ethos Technologies reported total assets of $515.3 million at the end of fiscal 2025 (December 31, 2025), compared with $395.9 million a year earlier.
How much debt does Ethos Technologies have?
Ethos Technologies had $2.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Ethos Technologies have?
Ethos Technologies held $126.0 million in cash and short-term investments at the end of fiscal 2025; with $2.4 million of debt that is net cash of $123.6 million.
What is Ethos Technologies's book value?
Ethos Technologies's shareholders' equity (book value) was -$24.1 million at the end of fiscal 2025, or −$0.39 per share.
What is Ethos Technologies's current ratio?
Ethos Technologies had current assets of $245.8 million and current liabilities of $113.2 million, a current ratio of 2.17 (it can cover its short-term obligations).
How much goodwill does Ethos Technologies have?
Ethos Technologies carried $2.9 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.