San Francisco, CA – September 26, 2025 – Ethos Technologies, a San Francisco-based life insurance platform, has filed for an initial public offering (IPO) on the Nasdaq under the ticker symbol “LIFE.” The move comes after the company reported a 55% increase in revenue for the first half of 2025.
Financial Performance
For the six months ending June 30, 2025, Ethos Technologies posted:
- Revenue: $183.7 million, up from $118.6 million in the same period the previous year.
- Net Income: $30.7 million, compared to $18.7 million in the prior year.
The company attributes this growth to a 70% year-over-year increase in activated policies, reaching a total of 94,405.
IPO Details
Ethos Technologies plans to offer shares in the IPO, with both the company and certain existing shareholders selling shares. Goldman Sachs and J.P. Morgan are serving as lead underwriters for the offering.
Investor Backing
The company has secured funding from prominent investors, including Sequoia Capital, Accel, GV (Alphabet’s venture unit), and SoftBank. In 2021, Ethos raised $100 million from SoftBank at a $2.7 billion valuation.
Industry Context
Ethos Technologies enters the public market as part of a broader resurgence in insurance technology (insurtech) IPOs. Since May 2025, several insurtech companies have gone public, reflecting renewed investor interest in the sector. However, while initial returns have been strong, the long-term performance of these stocks has varied.
