Forensic Analysis · General / Diversified · as of Jun 27, 2026
Ethos Technologies Inc. (LIFE)
A forensic read on Ethos Technologies Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Grey Zone
Financial health
1.8
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-28.4%
ROE
$1.2B
Market cap
Ethos Technologies Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 1.8, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.21×Cash conversion.Over FY2024–FY2025, operating cash flow was 0.21× cumulative net income. Reported profit is not turning into cash — a classic earnings-quality warning.
+1.4%/yrShare-count dilution.Diluted share count changed +1% over the last 1 years to FY2025 (+1.4%/yr). The count is GROWING — existing holders are being diluted. That's ~1.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~1%.
3% of revStock-based comp load.Stock-based compensation ran 3% of revenue and 31% of free cash flow in FY2025 — about $0.18 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
Key fundamentals
Net Margin18.4%
Free Cash Flow$34.7M
Latest Revenue$387.6M
Revenue Growth YoY+52.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Ethos Technologies Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about LIFE's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown