eToro $ETOR to acquire TradeZero for up to $231M in cash and stock, expanding its U.S. brokerage business. To put this in perspective, eToro recorded $30 million in net income during Q2 2025, meaning the year-over-year improvement is substantial. TradeZero Acquisition Compounds Investor ConcernsConcurrent with the earnings announcement, eToro disclosed that it has reached an agreement to purchase TradeZero, a U.S.-oriented brokerage platform targeting active traders. TradeZero posted approximately $80 million in revenue during the trailing 12 months and will provide eToro with entry into the Canadian marketplace. Management indicated it anticipates the TradeZero acquisition will contribute positively to adjusted earnings per share during the first full year following deal completion.