Filing Flows › Financials › eHealth (EHTH)
eHealth (EHTH) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · eHealth (EHTH) Q3 2026 earnings results →
Q3 2026 Revenue down 60% year over year to $21.3M · 169¢ of every $1 of revenue lost · operating margin -217.8%
eHealth made $21.3M in Q3 2026 (-60% Y/Y): Commission $17.8M, Other $3.5M. Operating margin -217.8%, net loss $35.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $21.3M in Q3 2026, down 60% year over year and down 37% from the previous quarter. Commission revenue from members approved during the period was the largest line at 69% of revenue. Commission revenue from members approved during the period lost $18.6M year over year (down 56%), 57% of the total change.
Operating costs exceeded revenue by $46.3M, an operating margin of -217.8%. Total costs fell 29% while revenue fell 60%. The quarter ended with a net loss of $35.9M, wider than the previous quarter's $23.6M loss.
Operating cash flow was −$11.2M. Non-cash charges added back $3.4M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $18.2M. Capital expenditures of $30K exceeded it, leaving free cash flow of −$11.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $21.3M | -60% | -217.8% | −$35.9M | −$11.2M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $33.6M | -45% | -81.8% | −$23.6M | −$5.0M |
| Q1 2026 | 10-Q | May 7, 2026 | $88.0M | -22% | -3.3% | −$4.7M | $35.8M |
| Q4 2025 | 10-K | Feb 26, 2026 | $326M | +4% | 38.7% | $87.2M | −$35.9M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $53.9M | -8% | -77.1% | −$31.7M | −$25.3M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $60.8M | -8% | -37.9% | −$17.4M | −$41.2M |
| Q1 2025 | 10-Q | May 7, 2025 | $113M | +22% | 4.2% | $1.9M | $77.1M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Medicare & Medicaid — 96% of its revenue · Stated in 10-K (sentence) · source
- HUM — 35% of its revenue · Stated in 10-K (customer table) · source
About eHealth
eHealth, Inc. and its subsidiaries, referred to throughout this report as “eHealth,” the “Company,” “we,” “us” or “our,” is a leading private health insurance marketplace with a technology and service platform that provides consumer engagement, education and health insurance enrollment solutions. Our mission is to expertly guide consumers through their health insurance enrollment and related options, when, where, and how they prefer. Our platform leverages technology to solve a critical problem in a large and growing market by aiding consumers in what has traditionally been a complex, confusing and opaque health insurance purchasing process.
In its own words, from its 10-K, filed Feb 26, 2026.
eHealth against its Insurance Agents, Brokers & Service peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -60% against the peers' median +7%. Operating margin: -217.8% against the peers' median 17.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EHTH eHealth | Q3 2026 | $21.3M | -60% | -217.8% |
| MRSH Marsh & McLennan Companies | Q3 2026 | $6.9B | +8% | 17.7% |
| AON Aon | Q3 2026 | $4.1B | +3% | 19.7% |
| AJG Arthur J. Gallagher | Q3 2026 | $4.0B | +18% | 13.0% |
| EQH Equitable Holdings | Q3 2026 | $3.9B | +168% | 35.8% |
| WTW Willis Towers Watson | Q3 2026 | $2.5B | +8% | 17.4% |
| BRO Brown & Brown | Q3 FY27 | $1.7B | +7% | 18.6% |
| ERIE Erie Indemnity | Q3 2026 | $1.1B | +0.3% | 19.4% |
| RYAN Ryan Specialty Holdings | Q3 2026 | $790M | +5% | 17.8% |
Source: eHealth 10-Q on SEC EDGAR · CIK 1333493 · Insurance Agents, Brokers & Service
Guidance and outlook
13F: who owns EHTH and who is buying
More on EHTH
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results