secwatch.observer — SEC 8-K summary
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Issuer:     eHealth, Inc. (EHTH)
CIK:        0001333493
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001333493-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333493/000133349326000007/0001333493-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333493/000133349326000007/ehth-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001333493-26-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer