How much does Ethos Technology Limited make?

Ethos Technology Limited reported revenue of £62.8m and a loss of £2k in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Ethos Technology Limited have?

Ethos Technology Limited reported an average of 22 employees in the year to 31 Jan 2025.

Is Ethos Technology Limited profitable?

No — Ethos Technology Limited reported a loss of £2k in the year to 31 Jan 2025.

Company No. 09383324 · Incorporated 12 Jan 2015

Ethos Technology Limited

Registered name: ETHOS TECHNOLOGY LIMITED

Part of Cobra Holdings Ltd group

Ethos Technology Limited made £62.8m revenue and a £2k loss in the year to 31 Jan 2025.

Ethos Technology Limited’s revenue grew 8% to £62.8m in the year to 31 Jan 2025, with a loss of £2k and 22 employees. The company is classified under “other information technology service activities” and is based in Bedford; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Bedford, South East
Age: 11 yrs · since 2015
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Jan 2025

Key figures

Capital-lightCash flow filed

Revenue

£62.8m

Growth ▲8.2%

Profit

−£2k

Growth ▼106.1%

Profit margin

Gross 4%

Employees

Change ▲10%

Profit / employee

−£92

Revenue/employee £2.9m

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£58m	£62.8m
Cost of sales	—	—	£55.9m	£60.3m
Gross profit	—	—	£2.1m	£2.5m
Operating profit	—	—	−£1.6k	£9.6k
Profit before tax	—	—	£43.7k	£95.3k
Profit after tax	—	—	£33.4k	−£2k
Profit (best available)	—	—	£33.4k	−£2k
Staff costs	—	—	£687k	£872k
Employees (average)	19	23	20	22
Ratios
Profit margin	—	—	0.1%	0%
Gross margin	—	—	3.6%	4%
Revenue per employee	—	—	£2.9m	£2.9m
Profit per employee	—	—	£1.7k	−£92
Cash conversion	—	—	—	−12680%
Growth (year on year)
Revenue growth	—	—	—	▲8.2%
Profit growth	—	—	—	▼106.1%
Headcount growth	—	▲21.1%	▼13%	▲10%
Balance sheet — indirect signals, not revenue
Cash at bank	£796k	£3.8m	£3.6m	£4.6m
Net assets	£1.2m	£1.2m	−£3.7k	£2.1m
Fixed assets	£63.4k	£67k	£199k	£142k
Current assets	£6.3m	£6.4m	£19.6m	£21.5m
Debtors	£4.6m	£853k	£15.1m	£14.4m
Deferred income	£954k	£3.1m	£2.2m	—
Cash from operations	—	—	−£1.4m	−£1.2m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0%; Profit ÷ revenue.
Gross margin: 4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.9m; Revenue ÷ average employees.
Profit per employee: −£92; Profit ÷ average employees.
Cash conversion: −12680%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £2.1m
Cash at bank: ▲28%; Now £4.6m
Headcount: ▲10%; Now 22
Deferred income: —; Now —
Fixed assets: ▼29%; Now £142k

Corporate ownership

Group structure

Ownership chain

Cobra Holdings Ltd (registered outside the UK register)ultimate parent75–100%
Ethos Technology Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit −£2k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.