Quarterly ResultMay 6, 2026, 04:07 PM
Ethos Q1 Revenue +104% to $193.1M; Non-GAAP Net Income $29.1M
AI Summary
Ethos Technologies Inc. reported strong first-quarter 2026 financial results, with total revenue surging 104% year-over-year to $193.1 million. Direct Channel Revenue led the growth, increasing 136% to $146.0 million, while Third-Party Channel Revenue grew 42% to $47.1 million. Despite a GAAP net loss of $(166.4) million, the company achieved a non-GAAP net income of $29.1 million and Adjusted EBITDA of $33.6 million. Ethos also activated 88,373 new policies, an 84% year-over-year increase, and provided positive revenue and Adjusted EBITDA guidance for Q2 and the full fiscal year 2026.
Key Highlights
- Ethos Q1 Revenue grew 104% year-over-year to $193.1 million.
- Direct Channel Revenue increased 136% year-over-year to $146.0 million.
- Third-Party Channel Revenue grew 42% year-over-year to $47.1 million.
- GAAP Net Loss was $(166.4) million, representing an (86)% margin.
- Non-GAAP Net Income reached $29.1 million, a 15% margin.
- Adjusted EBITDA was $33.6 million, representing a 17% margin.
- Activated 88,373 new policies in Q1, an 84% year-over-year growth.
- Q2 2026 revenue guidance is $114.0 million to $118.0 million, +31% YoY at midpoint.
- Full year 2026 revenue guidance is $561.0 million to $565.0 million, +45% YoY at midpoint.