Filing Flows › eHealth (EHTH) › Q1 2026
eHealth (EHTH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
eHealth (EHTH) reported revenue of $88.0M for the first quarter 2026 (Q1 2026), -22% from a year earlier and -73% from the quarter before. Operating margin was -3.3%, net loss $4.7M (5.4% of revenue).
eHealth, Q1 2026: revenue $88.0M (-22% year over year), operating margin -3.3%, net loss $4.7M, operating cash flow $35.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $88.0M | -73% | -22% |
| Operating profit | −$2.9M | -102% | -160% |
| Net earnings | −$4.7M | -105% | -342% |
| Operating cash flow | $35.8M | — | -54% |
| Free cash flow | $35.6M | — | -54% |
What changed
Revenue was $88.0M in Q1 2026, down 22% year over year and down 73% from the previous quarter. Commission revenue from members approved during the period was the largest line at 78% of revenue. Commission revenue from members approved during the period lost $16.6M year over year (down 19%), 66% of the total change.
Gross margin was 41.7%, up 4.8 points from Q1 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -3.3%. Operating expenses grew 7% against a revenue fall of 22%. The quarter ended with a net loss of $4.7M, after a profit of $87.2M the previous quarter. Net interest and other expense of $3.2M was the main reason.
Operating cash flow was $35.8M (down 54% year over year). Non-cash charges added back $490K of depreciation and $2.3M of share-based compensation. Working capital and other items added $37.7M. Capital expenditures of $155K left free cash flow of $35.6M.
Questions
What was eHealth's revenue in the first quarter 2026?
eHealth (EHTH) reported revenue of $88.0M for the first quarter 2026 (Q1 2026), -22% from a year earlier and -73% from the quarter before.
Was eHealth profitable in the first quarter 2026?
Operating loss was $2.9M (-3.3% of revenue) and net loss $4.7M.
Source: eHealth 10-Q on SEC EDGAR.