Filing Flows › eHealth (EHTH) › Q2 2025
eHealth (EHTH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
eHealth (EHTH) reported revenue of $60.8M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -46% from the quarter before. Operating margin was -37.9%, net loss $17.4M (28.6% of revenue).
eHealth, Q2 2025: revenue $60.8M (-8% year over year), operating margin -37.9%, net loss $17.4M, operating cash flow −$41.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.8M | -46% | -8% |
| Operating profit | −$23.0M | -580% | — |
| Net earnings | −$17.4M | -992% | — |
| Operating cash flow | −$41.2M | -153% | — |
What changed
Revenue was $60.8M in Q2 2025, down 8% year over year and down 46% from the previous quarter. Commission revenue from members approved during the period was the largest line at 58% of revenue. Commission revenue from members approved during the period lost $8.1M year over year (down 19%), 160% of the total change.
Gross margin was 31.1%, up 2.4 points from a year earlier. Operating costs exceeded revenue by $23.0M, an operating margin of -37.9%. Operating expenses fell 10% while revenue fell 8%. The quarter ended with a net loss of $17.4M, after a profit of $1.9M the previous quarter.
Operating cash flow was −$41.2M. Non-cash charges added back $466K of depreciation and $3.9M of share-based compensation. Working capital and other items used $28.1M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$42.8M.
Questions
What was eHealth's revenue in the second quarter 2025?
eHealth (EHTH) reported revenue of $60.8M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -46% from the quarter before.
Was eHealth profitable in the second quarter 2025?
Operating loss was $23.0M (-37.9% of revenue) and net loss $17.4M.
Source: eHealth 10-Q on SEC EDGAR.