---
schema_version: "secwatch.filing_event.v1"
accession: "0001333493-26-000007"
form_type: "8-K"
ticker: "EHTH"
cik: "0001333493"
company_name: "eHealth, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:09:39.159842+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# eHealth Q4 2025 revenue $326.2M (+4% YoY); adj. EBITDA $132.9M (+10%); commissions receivable $1.1B

## Summary
- Q4 GAAP net income $87.2M vs $97.5M YoY; FY 2025 GAAP net income $40.0M, up from $10.1M.
- Q4 adjusted EBITDA $132.9M (+10% YoY); FY adjusted EBITDA $97.3M (+40%).
- Commissions receivable $1.1B at Dec 31, 2025, up 12% YoY; Medicare LTV-to-CAC ratio improved to 2.2x from 2.0x.
- Replaced $70M term loan with $125M asset-backed revolving credit facility maturing Dec 2028.
- Launched AI voice agent at scale during Medicare AEP; total MA submissions down 4% in Q4.

## SEC filing metadata
- accession: 0001333493-26-000007
- form_type: 8-K
- ticker: EHTH
- cik: 0001333493
- company_name: eHealth, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000007/0001333493-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333493/000133349326000007/ehth-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001333493-26-000007
- JSON: https://secwatch.observer/filing/0001333493-26-000007.json
- Plain text: https://secwatch.observer/filing/0001333493-26-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.