Ethos Technologies Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
LIFE$36.02+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows from operating activities | ||||
| Net income (loss) | $(142,188) | $46,590 | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Deferred taxes | 3,338 | 3,483 | ||
| Depreciation and amortization | 4,757 | 4,075 | ||
| Non-cash interest expense | 1,636 | 2,405 | ||
| Amortization of discounts and premium, investments | (962) | (994) | ||
| Stock-based compensation expense | 237,296 | 10,564 | ||
| Operating lease right-of-use asset amortization | 828 | 635 | ||
| Unrealized foreign currency translation | (205) | (244) | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid and other assets | (21,183) | (15,889) | ||
| Accounts payable | 22,641 | 35,266 | ||
| Accounts receivable | (46,966) | (5,636) | ||
| Commissions receivable | (5,150) | (11,014) | ||
| Long-term commissions receivable | (91,170) | (35,507) | ||
| Accrued expenses | 71,119 | 10,517 | ||
| Other current liabilities | 73,813 | (12,220) | ||
| Other long-term liabilities | — | (750) | ||
| Net cash provided by operating activities | 107,604 | 31,281 | ||
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (1,350) | (1,101) | ||
| Purchase of investments | (145,532) | (52,509) | ||
| Proceeds from maturity of investments | 70,615 | 79,870 | ||
| Investment in software development costs | (5,328) | (3,145) | ||
| Net cash provided by (used in) investing activities | (81,595) | 23,115 | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions | 91,580 | — | ||
| Proceeds from liabilities related to sale of commissions receivable | — | 5,000 | ||
| Taxes paid related to net share settlement of restricted stock units | (49,085) | — | ||
| Repayment of liabilities related to sale of commissions receivable | (10,196) | (7,802) | ||
| Proceeds from equity incentive plans and warrant exercise | 3,352 | 794 | ||
| Payment of deferred offering costs | (2,843) | (3,175) | ||
| Net cash provided by (used in) financing activities | 32,808 | (5,183) | ||
| Net increase in cash and cash equivalents | 58,817 | 49,213 | ||
| Effect of exchange rates on cash | (108) | (19) | ||
| Cash and cash equivalents, beginning of period | 91,091 | 35,075 | ||
| Cash and cash equivalents, end of period | $149,800 | $84,269 | ||
| Supplemental disclosure of non-cash items: | ||||
| Conversion of convertible preferred stock into common stock upon initial public offering | $403,997 | $ | - | |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | $8,998 | $ | - | |
| Deemed dividend on the conversion of Series D and D-1 redeemable convertible preferred stock | $5,642 | $ | - | |
| Capitalized property and equipment costs in accounts payable at period end | $26 | $26 | ||
| Cash paid for income taxes | $ | - | $1,625 | |
| Operating lease liabilities arising from obtaining operating lease right-of-use assets | $ | - | $596 | |
| Stock-based compensation capitalized as software development costs | $1,912 | $304 | ||
| Deferred offering costs in accounts payable and accrued expenses | $ | - | $2,926 | |
Notes to Condensed Consolidated Financial Statements
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