Pulling SEC filings + quote and writing the call…
EQH
Equitable Holdings, Inc.
Next earnings Aug 3, 2026 (after close) · consensus $1.71 EPS, $3.95B rev
Last earnings -1.6% on 2026-05-04
$45.16
▼ -0.29%$45.29▼ -12.36%
over 1Y
L $35.08EODHDH $54.69
Earnings Dividend Split Congress buy Congress sellFilings colored by tone · hover for detail
Today-0.3%
1W+3.9%
1M+10.6%
3M+22.5%
YTD-4.2%
1Y-12.4%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 19 analysts
Buy
GAAP loss and negative equity look alarming but are reinsurance/MRB accounting noise; cheap on sales with heavy buybacks.
Equitable Holdings screens as distressed on a surface read: FY2025 revenue fell 6.1% to $11.7B, the company swung to a net loss of $1.38B (diluted EPS -$4.83) after four straight profitable years (net income of $1.75B, $2.15B, $1.28B and $1.28B in FY2021-FY2024), and stockholders' equity is negative at -$74.0M. The derived ROE of 1864.9% and liabilities/equity of -4273x are mathematical artifacts of that tiny negative equity base and are not meaningful. For a large life insurer and annuity writer with $318B of total assets, GAAP net income is heavily distorted by market-risk-benefit (MRB) remeasurement and reinsurance restructuring rather than core earnings power.
Sources: SEC EDGAR (CIK 0001333986, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:47:26 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.