eHealth Third-Quarter Revenue Falls 60 Percent to $21.3 Million With a Net Loss of $35.9 Million; Full-Year Guidance Reaffirmed
eHealth, Inc. reported results for the third quarter ended September 30, 2026, on November 4. Total revenue was $21.281 million, down 60 percent from $53.869 million a year earlier. The GAAP net loss was $35.919 million, compared with a net loss of $31.691 million a year earlier, and the basic and diluted net loss per share was $1.57, compared with $1.46 a year earlier.
Adjusted EBITDA was negative $39.897 million. Operating cash flow was negative $11.242 million, an improvement of about 56 percent from negative $25.313 million a year earlier, and operating cash flow for the first nine months of 2026 was positive $19.568 million, up 85 percent year over year. Cash and short-term marketable securities totaled $88.10 million at quarter-end.
By segment, Medicare revenue was $18.101 million, down 64 percent, and Employer and Individual revenue was $3.180 million, down 19 percent. The company said third-quarter results were in line with expectations, reflecting a strategy of reducing variable marketing spend outside the major enrollment periods; total marketing and advertising spend fell 55 percent year over year, including a 73 percent decline in variable marketing and advertising spend in the Medicare segment.
The company reaffirmed its full-year 2026 guidance: total revenue of $405 million to $445 million, GAAP net income of $8 million to $25 million, adjusted EBITDA of $55 million to $75 million, and operating cash flow of negative $10 million to positive $12 million.
(Source: eHealth, Inc)
Source: eHealth, Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：eHealth 公司标志，取自其2026年第三季度业绩通稿。 / Photo: The eHealth, Inc. corporate logo, from its third-quarter 2026 earnings release.
