Filing Flows › eHealth (EHTH) › Q1 2025
eHealth (EHTH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
eHealth (EHTH) reported revenue of $113M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -64% from the quarter before. Operating margin was 4.2%, net earnings $1.9M (1.7% of revenue).
eHealth, Q1 2025: revenue $113M (+22% year over year), operating margin 4.2%, net earnings $1.9M, operating cash flow $77.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | -64% | +22% |
| Gross profit | $41.7M | -75% | +42% |
| Operating profit | $4.8M | -96% | — |
| Net earnings | $1.9M | -98% | — |
| Operating cash flow | $77.1M | — | +9% |
| Free cash flow | $76.8M | — | +9% |
What changed
Revenue was $113.1M in Q1 2025, up 22% year over year and down 64% from the previous quarter. Medicare was the largest line at 76% of revenue. Medicare added $15.9M year over year (up 23%), 79% of the total change. Commission revenue from renewals of small business members during the period declined 6%.
Gross margin was 36.9%, up 5.2 points from a year earlier. Operating profit was $4.8M, a 4.2% margin (up 23.5 points year over year). Operating expenses fell 22% while revenue rose 22%. Net earnings were $1.9M. The effective tax rate was 47.7%.
Operating cash flow was $77.1M (up 9% year over year), 3955% of net earnings. Non-cash charges added back $471K of depreciation and $3.8M of share-based compensation. Working capital and other items added $70.9M. Capital expenditures of $308K left free cash flow of $76.8M.
Questions
What was eHealth's revenue in the first quarter 2025?
eHealth (EHTH) reported revenue of $113M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -64% from the quarter before.
Was eHealth profitable in the first quarter 2025?
Operating profit was $4.8M (4.2% of revenue) and net earnings $1.9M.
Source: eHealth 10-Q on SEC EDGAR.