Catenaa, Monday, February 23, 2026- eToro shares rose 19% Tuesday after the Tel Aviv-based trading platform reported increased net income despite lower crypto revenues.
The company posted $69 million in net income for the fourth quarter, a 6% rise from 2024, while cryptoasset revenue declined to $3.6 billion from $5.8 billion the previous year.
The drop in digital asset revenue reflects broader market weakness in November 2025, when major cryptocurrencies like bitcoin and ether fell before stabilizing in December.
For the full year, eToro reported approximately $13 billion in crypto-related revenue, with costs nearly matching revenues at $12.9 billion.
On the derivatives side, the platform posted a net trading gain of $74 million for Q4, reversing a $130 million loss in the same quarter last year.
The company credited growth in derivatives trading and progress in AI and on-chain market infrastructure as drivers of improved results.
eToro is expanding offerings, introducing 24/7 access to select popular assets this quarter, with plans to extend around-the-clock access across multiple asset classes.
Analysts said the platform’s strong derivatives performance and leadership in tokenization position it to capitalize on the growing shift toward on-chain financial markets.
eToro went public in May 2025 at a valuation above $4 billion, raising about $620 million during its Nasdaq IPO. Shares traded at $32.58 as of 9:49 a.m. ET Tuesday.
