eHealth第三季度收入2128万美元降60%：净亏损3592万美元 全年指引维持不变
eHealth 公司11月4日公布截至2026年9月30日的第三季度业绩：总收入2,128.1万美元，上年同期为5,386.9万美元，下降60%；GAAP 净亏损3,591.9万美元，上年同期净亏损3,169.1万美元；基本及摊薄每股亏损1.57美元，上年同期为1.46美元。
本季调整后 EBITDA 为负3,989.7万美元。经营现金流为负1,124.2万美元，较上年同期的负2,531.3万美元改善约56%；2026年前九个月经营现金流为正1,956.8万美元，同比改善85%。季末现金及短期可交易证券合计8,810万美元。
分部收入方面，Medicare 分部收入1,810.1万美元，下降64%；雇主与个人（Employer and Individual）分部收入318.0万美元，下降19%。公司称三季度业绩符合预期，其策略是减少主要登记期之外的可变营销支出，本季营销与广告总支出同比下降55%，其中 Medicare 分部可变营销与广告支出下降73%。
公司重申2026年全年指引：总收入4.05亿至4.45亿美元，GAAP 净利润800万至2,500万美元，调整后 EBITDA 5,500万至7,500万美元，经营现金流为负1,000万至正1,200万美元。
（来源：eHealth）
eHealth Third-Quarter Revenue Falls 60 Percent to $21.3 Million With a Net Loss of $35.9 Million; Full-Year Guidance Reaffirmed
eHealth, Inc. reported results for the third quarter ended September 30, 2026, on November 4. Total revenue was $21.281 million, down 60 percent from $53.869 million a year earlier. The GAAP net loss was $35.919 million, compared with a net loss of $31.691 million a year earlier, and the basic and diluted net loss per share was $1.57, compared with $1.46 a year earlier.
Adjusted EBITDA was negative $39.897 million. Operating cash flow was negative $11.242 million, an improvement of about 56 percent from negative $25.313 million a year earlier, and operating cash flow for the first nine months of 2026 was positive $19.568 million, up 85 percent year over year. Cash and short-term marketable securities totaled $88.10 million at quarter-end.
By segment, Medicare revenue was $18.101 million, down 64 percent, and Employer and Individual revenue was $3.180 million, down 19 percent. The company said third-quarter results were in line with expectations, reflecting a strategy of reducing variable marketing spend outside the major enrollment periods; total marketing and advertising spend fell 55 percent year over year, including a 73 percent decline in variable marketing and advertising spend in the Medicare segment.
The company reaffirmed its full-year 2026 guidance: total revenue of $405 million to $445 million, GAAP net income of $8 million to $25 million, adjusted EBITDA of $55 million to $75 million, and operating cash flow of negative $10 million to positive $12 million.
(Source: eHealth, Inc)
来源：eHealth
发布：GSM·美国（发布链接）
图片来源：图：eHealth 公司标志，取自其2026年第三季度业绩通稿。 / Photo: The eHealth, Inc. corporate logo, from its third-quarter 2026 earnings release.
GSM Global · 本篇英文版 English edition of this story
