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eToro Soars After Q4 Earnings Beat as Record 2025 Marks Pivot Beyond Crypto

Management is ramping AI-driven products to counter softer crypto activity.

Overview

  • The platform topped Q4 expectations with adjusted EPS of $0.71 and closed 2025 with record net contribution of $868 million, GAAP net income of $216 million, AUA of $18.5 billion, and 3.81 million funded accounts.
  • Q4 business mix shifted as capital markets net trading contribution rose 43% to $116 million while crypto contribution fell 72% year over year to $26 million.
  • Selected January 2026 metrics showed resilience in traditional assets with 74 million capital markets trades up 55% year over year, while crypto trades dropped 50% to 4 million and AUA held near $18.4 billion.
  • eToro increased its share repurchase authorization by $100 million, leaving $150 million remaining including a planned $50 million accelerated buyback, and shares jumped roughly 9% pre-market with intraday gains reported near 20%.
  • The company outlined an AI-first roadmap including tools like Tori, 24/7 trading for select assets such as gold, a planned non-custodial wallet and app store, alongside a roughly 7% workforce reduction and active M&A discussions targeting deals in 2026.