eToro has surpassed profit expectations for the fourth quarter of 2025, signaling a period of robust growth and strategic evolution for the Nasdaq-listed platform. The company posted a record net profit of $69 million for the quarter, a sharp climb from previous years, and reported total annual revenue of $868 million for 2025. This 10% year-over-year revenue increase highlights the platform’s resilience despite fluctuating volatility in the digital asset sector. Market activity was a primary driver of these results, with net trading income from equities, commodities, and currencies jumping 43% to $115.6 million. This surge was fueled by a significant shift in investor behavior. CEO Yoni Assia noted a "convergence of investment strategies" as crypto-native users began diversifying into traditional commodities like gold and silver. This rotation occurred as investors sought higher volatility in commodities while the crypto market experienced a cooling period in late 2025. Assets under administration (AUA) reached $18.5 billion at the end of December 2025, marking an 11% increase compared to the fourth quarter of 2024. Although AUA dipped slightly from the $20.8 billion peak seen in September 2025, the number of funded accounts grew by 9% year-over-year to reach 3.81 million. This steady growth in user base and managed capital underscores the platform's expanding footprint across Europe and the UK, which remains its largest market. The platform's financial stability is further evidenced by its Adjusted EBITDA, which rose 11% to $87 million in the final quarter. This performance allowed the Board to approve a $100 million increase to its share repurchase program, bringing the total remaining authorization to $150 million. Such a move reflects confidence in the company's "financial super-app" strategy and its ability to maintain a healthy operating margin, which currently stands at 38%. Operational highlights from late 2025 include the successful rollout of extended 24/5 trading for all S&P 500 and Nasdaq 100 stocks. The company is now moving toward 24/7 access for popular assets, aiming to bridge the gap between traditional capital markets and the always-on nature of crypto. With over 12,000 tradable assets currently available, eToro plans to expand this offering to 100,000 assets by the end of 2026. As of early 2026, the company holds $1.3 billion in cash and cash equivalents with zero outstanding debt. This strong liquidity position, combined with a 68% year-over-year increase in money transfer volumes via eToro Money, suggests a growing "flywheel" effect where users engage with the platform for both active trading and long-term wealth management.