Monday 2 November 2026
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eHealth, Inc.
EHTH Financial Insurance Brokers
eHealth, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $554.0 million, up 4.06% from fiscal 2024.
- Revenue
- −44.8%
- EPS
- −20.4%
- Free cash flow
- +83.8%
- Total debt
- +65.9%
Quarter to June 2026, against a year earlier
0.51
0.02
+4.08%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 193 | 191 | 251 | 506 | 583 | 538 | 405 | 453 | 532 | 554 | 502 | +12.4% | 422 | 434 | 475 | (5.0%) | |
| Gross margin, % | 99.55 | 99.69 | 99.51 | 99.46 | 99.30 | 99.63 | 99.59 | 99.61 | 100.00 | 100.00 | 100.00 | +0.4 pt | ||||||
| EBT | 4 | (8) | 3 | 83 | 54 | (125) | (106) | (31) | 19 | 59 | 42 | +34.9% | ||||||
| EBT margin, % | 2.05 | (4.34) | 1.32 | 16.50 | 9.26 | (23.21) | (26.25) | (6.76) | 3.63 | 10.60 | 8.43 | +8.5 pt | ||||||
| Net income | 0 | 25 | 0 | 67 | 45 | (104) | (89) | (28) | 10 | 40 | 27 | +72.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 10.58 | 10.30 | 13.03 | 21.94 | 22.39 | 20.10 | 14.82 | 16.16 | 18.15 | 18.17 | 15.79 | +6.2% | |||||
| Earnings | 0.02 | 1.37 | 0.01 | 2.90 | 1.75 | (4.59) | (4.36) | (2.37) | (1.19) | (0.34) | (1.09) | n/m | ||||||
| Cash flow | 0.22 | (0.84) | (0.17) | (3.10) | (4.14) | (6.07) | (0.98) | (0.24) | (0.63) | (0.83) | (0.96) | n/m | ||||||
| Capex | (0.20) | (0.27) | (0.56) | (0.73) | (0.91) | (0.78) | (0.57) | (0.38) | (0.44) | (0.50) | (0.35) | +10.5% | ||||||
| Free cash flow | 0.02 | (1.11) | (0.73) | (3.83) | (5.06) | (6.85) | (1.55) | (0.62) | (1.06) | (1.33) | (1.31) | n/m | ||||||
| Book value | 4.25 | 15.49 | 15.71 | 22.85 | 32.18 | 27.99 | 23.79 | 21.63 | 20.06 | 19.41 | 17.02 | +18.4% | ||||||
| Shares, m | 18 | 19 | 19 | 23 | 26 | 27 | 27 | 28 | 29 | 30 | 31 | +5.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 864.75 | 12.01 | 0.00 | 34.56 | 41.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 95.3 | |||||
| P/S | 1.00 | 1.60 | 2.95 | 4.38 | 3.15 | 1.27 | 0.33 | 0.53 | 0.52 | 0.25 | 0.03 | 1.6 | ||||||
| P/B | 2.48 | 1.06 | 2.45 | 4.21 | 2.19 | 0.91 | 0.20 | 0.39 | 0.47 | 0.24 | 0.03 | 1.5 | ||||||
| EV/Sales | 0.68 | 1.39 | 2.92 | 4.40 | 3.15 | 1.19 | 0.14 | 0.43 | 0.70 | 0.44 | — | 1.5 | ||||||
| EV/FCF | (31.62) | (10.55) | (39.51) | (24.00) | (13.49) | (3.40) | (1.22) | (8.88) | (10.37) | (5.44) | — | (14.8) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 4 | (16) | (3) | (71) | (108) | (163) | (27) | (7) | (18) | (25) | (30) | n/m | |||||
| Capex | (4) | (5) | (11) | (17) | (24) | (21) | (16) | (11) | (13) | (15) | (11) | +17.0% | ||||||
| Free cash flow | 0 | (21) | (14) | (88) | (132) | (183) | (42) | (17) | (31) | (41) | (41) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 48 | 18 | (21) | (37) | (26) | 24 | 99 | 54 | (25) | (1) | 54 | n/m | |||||
| Net debt | (62) | (40) | (8) | 7 | (6) | (49) | (82) | (51) | 26 | 36 | 42 | n/m | ||||||
| Shareholders’ equity | 78 | 287 | 303 | 527 | 838 | 750 | 651 | 606 | 588 | 592 | 541 | +25.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.27 | 10.87 | 0.06 | 11.33 | 5.10 | (11.23) | (10.56) | (5.98) | (3.08) | (0.86) | (2.35) | (1.1) pt | |||||
| ROIC | 11.15 | (2.40) | 0.54 | 9.52 | 4.01 | (11.21) | (11.27) | (3.27) | 2.40 | 6.62 | 5.83 | (4.5) pt | ||||||
| ROE | 0.39 | 13.96 | 0.08 | 16.11 | 6.66 | (15.49) | (17.05) | (10.58) | (5.85) | (1.76) | (4.79) | (2.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 944 | 1,079 | 1,079 | 1,500 | 1,960 | 2,379 | 1,515 | 1,903 | 1,773 | 1,665 | — | +6.5% | |||||
| Revenue/emp, $m | 0.20 | 0.18 | 0.23 | 0.34 | 0.30 | 0.23 | 0.27 | 0.24 | 0.30 | 0.33 | — | +5.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
eHealth, Inc. vs peers in Insurance Brokers (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CRD.A Crawford & Company | $572.6M | 25.4× | — | −1.37% (below 0%: shrinking) | +75.00% (above 0%: growing) | −51.68% (below 0%: shrinking) | 28.78% | 7.68% | Compare |
| CRD.B Crawford & Company | $572.6M | 24.6× | 13.4× | −1.37% (below 0%: shrinking) | +75.00% (above 0%: growing) | −51.68% (below 0%: shrinking) | 28.78% | 7.68% | Compare |
| AIFU AIFU Inc. - Sponsored ADR | $499.1M | 0.0× | 11.0× | −15.11% (below 0%: shrinking) | n/m | −96.62% (below 0%: shrinking) | 36.32% | 2.74% | Compare |
| TREE LendingTree, Inc. | $392.3M | 2.1× | 7.9× | +25.31% (above 0%: growing) | +6.15% (above 0%: growing) | +3.14% (above 0%: growing) | 96.40% | 6.95% | Compare |
| XHG XChange TEC.INC. Sponsored ADR | $189.7M | 0.0× | — (loss-making) | −69.19% (below 0%: shrinking) | n/m | −324.48% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SLQT SelectQuote, Inc. | $64.0M | — (loss-making) | — (loss-making) | −6.79% (below 0%: shrinking) | n/m | +80.58% (above 0%: growing) | 32.15% | 1.07% | Compare |
| HUIZ Huize Holding Limited Sponsored ADR | $19.4M | 75.0× | 112× | +42.24% (above 0%: growing) | n/m | −115.73% (below 0%: shrinking) | 27.47% | 3.61% | Compare |
| EHTH eHealth, Inc. | $15.8M | — (loss-making) | — (loss-making) | −44.78% (below 0%: shrinking) | n/m | +83.77% (above 0%: growing) | 100.00% | (81.80%) | |
| ZBAO Zhibao Technology Inc. | $2.3M | — | — | — | — | −1,040.72% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $291.0M | 13.3× | 12.2× | −1.37% | +75.00% | −74.15% | 28.78% | 3.61% |
Pay and ownership Proxy statement filed 28 April 2026
Ownership
Directors and executive officers, together
6.40% of the votes
Echelon Health SPV, LP
12.30% of the votes
Blackrock, Inc.50 Hudson YardsNew York, NY
5.20% of the votes
Nantahala Capital Management, LLC130 Main St.
4.90% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement