eHealth Inc. Common Stock (EHTH)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach eHealth as a Graham-style bargain hunt, but the numbers demand skepticism. The company operates a health insurance marketplace, mainly Medicare-related plans. I see no durable moat in the provided figures: revenue dropped sharply in the latest quarter and profits are erratic. The latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $33.6M and net loss of $23.6M, far worse than fiscal Q2 2025, when revenue was $60.8M and net loss was $17.4M. Fiscal Q1 2026 had revenue of $88.0M and net loss of $4.7M. For full FY2025, revenue was $554.0M and net income was $40.0M, though reported diluted EPS was -$0.34; FY2024 had revenue of $532.4M and net income of $10.1M. The Lynch category is TURNAROUND because it returned to profit after a loss within the last three years, but the turn is fragile. Financial health is poor: FairStock's Piotroski F-Score is 2/9, its Altman Z-Score is 0.25, trailing free cash flow is -$41.5M, and FCF yield is -205.5%. ROE is 2.92% and ROCE is 3.42%, slim returns. Debt is modest at D/E 0.14, which helps. On FairStock's calculations at the 2026-10-13 close of $0.63, P/B is 0.04 and EV/EBITDA is 1.20 — superficially cheap. But negative current earnings and cash burn mean the apparent asset value could shrink. I would need evidence of sustainable positive cash flow before trusting the price.

In plain English: eHealth runs an online marketplace for health insurance, especially Medicare plans. The business looks weak right now: revenue fell and it lost money in the latest quarter, and it is burning cash. The share price is very low compared with the company's accounting value, but that discount may reflect real trouble rather than a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer