Israeli fintech firm eToro launches $150m buyback after slump

EToro, an Israeli trading platform that went public in New York six months ago, announced a US$150 million share buyback after its stock fell about 30% below its IPO price.

The buyback is unusual for a recently listed company and signals that management sees its shares as undervalued.

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier.

Net contribution rose 28% to US$215 million, active funded accounts grew 16% to 3.7 million, and assets under management jumped 76% to US$20.8 billion.

Most of eToro’s business remains in cryptocurrency trading, though it also supports stock investments and social trading.

🔗 Source: Calcalist

🧠 Food for thought

Implications, context, and why it matters.

eToro’s buyback bets on a retail crypto rebound

eToro’s board approved a US$150 million buyback, and management says it backs a long-term plan while the stock trades below value 1.
In October 2025, users executed 5 million crypto trades, up 84% year over year 2. Average invested amounts rose 52% to US$320 per trade 2.
Industry data puts retail-led adoption up over 125% in 2025 3. Regulators moved with the U.S. GENIUS Act and EU Markets in Crypto-Assets (MiCA) 3.
In Q3, crypto net trading contribution was US$56 million versus US$73 million from capital markets and US$62 million in net interest income 4. The buyback’s durability still hinges on whether retail crypto strength holds in 2025 4.

Where retail crypto volume spikes in 2025

APAC led with 69% year-over-year growth in on-chain value received (the total crypto value moved into wallets in a region), and India ranked #1 with Pakistan #3 in grassroots adoption (usage by everyday consumers, not just institutions) 5.
Stablecoins now make up 30% of crypto transaction volume 3. Tether (USDT) and USD Coin (USDC) hold 93% of market cap which lifts demand for payments tools, compliance, plus fiat on-ramps (services that convert local currency into crypto) in emerging markets 3.
Perpetual decentralized exchange (DEX) markets (derivatives trading venues offering perpetual futures that don’t expire) hit US$1.8 trillion in trading volume 6. Challengers Aster and edgeX (emerging DEX platforms) gained share, which drives demand for real-time market intelligence and risk tools for institutional traders 6.