Ethos Technologies Inc. provides third-party administrator services for insurance policies in the United States. The company offers Ethos, a three-sided technology platform that serves an ecosystem of consumers, agents, and carriers.
Show moreShow less
It also provides term life insurance, whole life insurance, and indexed universal life insurance products, as well as wills and estate planning, and supplemental health insurance products.
The company was formerly known as Ethos Insurance Corporation and changed its name to Ethos Technologies Inc. in August 2016. The company was incorporated in 2016 and is based in San Francisco, California.
Quality Score breakdown
Overall quality65/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability78
How much profit the company makes from its sales and capital
Quality Growth71
Are margins and returns getting better?
Cashflow41
Do the profits arrive as real cash?
Financial strength59
Debt, balance sheet and risk of trouble
Investment100
Does it invest with discipline instead of growing at any price?
Low Volatility0
How calm the share price moves, does not count
Price momentum100
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+39.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+37.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +35.9% a year for the price and +34.2% for the forecasts.
AI conclusion: High gross margins from direct-to-consumer sales and agent platform support growth, yet negative shareholders equity points to weak structural durability.
Main risk: Persistent pressure on unit economics from the ongoing shift toward newer channels and products would hit contribution margins as the business matures.
Ethos has posted 113% revenue growth by scaling direct-to-consumer sales and its agent platform. Contribution margins fell and revenue per activated policy declined as the mix shifted toward newer channels and products. Will expanding volume and distribution ultimately improve unit economics, or will the pressures persist as the business matures?
Compare Ethos Technologies Inc. Class A Common Stock with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance Brokers · 31 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Above median
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets13.8% · Top 25%
Net margin (12 months)−18.2% · Bottom 25%
Operating margin (12 months)9.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)113.4% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Insurance Brokers median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)4.86× · Priciest 25%
Price / free cash flow95.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 26
PAST (return on equity)0· sector 69
HEALTH (low debt)0· sector 74
DIVIDEND (yield)0· sector 68
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Ethos Technologies Inc. Class A Common Stock has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ethos Technologies Inc. Class A (LIFE)?
Ethos Technologies Inc. Class A Common Stock reported trailing-twelve-month revenue of about $587M (latest available figure, as of Nov 1, 2026).
What growth is priced into Ethos Technologies Inc. Class A (LIFE)?
For today's price to be fair in a discounted-cash-flow model, Ethos Technologies Inc. Class A Common Stock would have to grow free cash flow by +39.1 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +55.8 % per year. As of Nov 1, 2026.
How much growth has Ethos Technologies Inc. Class A (LIFE) delivered so far?
Over the past 2 years revenue at Ethos Technologies Inc. Class A Common Stock grew +55.8 % a year. The price currently implies +39.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ethos Technologies Inc. Class A (LIFE) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into Ethos Technologies Inc. Class A Common Stock (+39.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ethos Technologies Inc. Class A (LIFE)?
The free-cash-flow yield on the price is 1.05 %: that much free cash flow Ethos Technologies Inc. Class A Common Stock produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
How solid is the balance sheet of Ethos Technologies Inc. Class A (LIFE)?
Balance-sheet figures for Ethos Technologies Inc. Class A Common Stock (as of Nov 1, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
Which stocks are comparable to Ethos Technologies Inc. Class A Common Stock?
From the same area (Financial Services) we also value Marsh & McLennan Companies, Inc, Arthur J. Gallagher & Co, Aon plc, Willis Towers Watson Public Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of Ethos Technologies Inc. Class A (LIFE)?
The closing price on Oct 30, 2026 was $43.39. We carry closing prices from our data provider, not a live tick.
Key figures of Ethos Technologies Inc. Class A Common Stock
How large is the market capitalisation of Ethos Technologies Inc. Class A (LIFE)?
The market capitalisation of Ethos Technologies Inc. Class A Common Stock is $2.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ethos Technologies Inc. Class A (LIFE)?
The price-to-sales ratio of Ethos Technologies Inc. Class A Common Stock is 4.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ethos Technologies Inc. Class A (LIFE)?
Earnings per share at Ethos Technologies Inc. Class A Common Stock are $−2.04. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ethos Technologies Inc. Class A (LIFE)?
The net margin of Ethos Technologies Inc. Class A Common Stock is 18.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ethos Technologies Inc. Class A (LIFE)?
The return on equity (ROE) of Ethos Technologies Inc. Class A Common Stock is −26.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ethos Technologies Inc. Class A (LIFE)?
On an EBIT basis the return on assets of Ethos Technologies Inc. Class A Common Stock is 8.5% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ethos Technologies Inc. Class A (LIFE)?
The operating margin of Ethos Technologies Inc. Class A Common Stock is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ethos Technologies Inc. Class A (LIFE)?
Revenue at Ethos Technologies Inc. Class A Common Stock is growing +113% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ethos Technologies Inc. Class A (LIFE)?
Earnings per share at Ethos Technologies Inc. Class A Common Stock are growing −5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ethos Technologies Inc. Class A (LIFE) hold?
Ethos Technologies Inc. Class A Common Stock holds more cash than debt, $88.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Ethos Technologies Inc. Class A Common Stock in the live analysis
One click puts Ethos Technologies Inc. Class A Common Stock on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 1, 2026