Filing Flows › eHealth (EHTH) › Q3 2025
eHealth (EHTH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
eHealth (EHTH) reported revenue of $53.9M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -11% from the quarter before. Operating margin was -77.1%, net loss $31.7M (58.8% of revenue).
eHealth, Q3 2025: revenue $53.9M (-8% year over year), operating margin -77.1%, net loss $31.7M, operating cash flow −$25.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.9M | -11% | -8% |
| Operating profit | −$41.5M | — | — |
| Net earnings | −$31.7M | — | — |
| Operating cash flow | −$25.3M | — | — |
What changed
Revenue was $53.9M in Q3 2025, down 8% year over year and down 11% from the previous quarter. Medicare was the largest line at 77% of revenue. Other lost $3.5M year over year (down 35%), 78% of the total change.
Operating costs exceeded revenue by $41.5M, an operating margin of -77.1%. Total costs fell 6% while revenue fell 8%. The quarter ended with a net loss of $31.7M, wider than the previous quarter's $17.4M loss.
Operating cash flow was −$25.3M. Non-cash charges added back $447K of depreciation and $3.9M of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $214K exceeded it, leaving free cash flow of −$25.5M.
Questions
What was eHealth's revenue in the third quarter 2025?
eHealth (EHTH) reported revenue of $53.9M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -11% from the quarter before.
Was eHealth profitable in the third quarter 2025?
Operating loss was $41.5M (-77.1% of revenue) and net loss $31.7M.
Source: eHealth 10-Q on SEC EDGAR.