Reliance Global Group
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Reliance Global Group (EZRA) investor relations material

Reliance Global Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary10 Mar, 2026

Executive summary

  • 2025 marked a strategic transformation with the launch of EZRA International Group and Scale 51, expanding into technology-driven sectors such as cybersecurity, AI, fintech, and digital health.

  • The company executed a portfolio realignment, divesting non-core subsidiaries like Fortman Insurance Services, Employee Benefits Solutions, and U.S. Benefits Alliance to focus on high-growth opportunities in insurtech and technology.

  • Initial investments included Enquantum (post-quantum encryption) and a term sheet to acquire a majority stake in Scentech Medical (AI-driven breath diagnostics).

  • The NASDAQ ticker was changed from RELY to EZRA to reflect the new strategic direction.

  • Insurance and InsurTech operations generated over $12 million in commission income, providing a stable foundation for expansion.

Financial highlights

  • Unrestricted cash rose 250% year-over-year to $1.3 million at year-end 2025.

  • Working capital increased 351% to $1.9 million; stockholders' equity grew 114% to $6.4 million.

  • Commission income was $12.4 million, down from $14.1 million in 2024 due to divestitures.

  • Net loss improved to $7 million from $9.1 million in 2024, reflecting gains from asset sales and no impairment charges.

  • Adjusted EBITDA loss widened to $1.6 million from $0.3 million, mainly due to revenue fluctuations post-divestiture and higher operating costs.

Outlook and guidance

  • Scale 51 strategy targets investments in innovative, near-revenue technology companies, with milestone-based funding.

  • Plans to continue expanding the technology platform through EZRA International Group while maintaining disciplined capital allocation.

  • Enquantum is expected to generate revenue as early as late 2025.

  • Focus remains on enhancing operational efficiency in insurance and InsurTech, and scaling technology investments.

  • Continued focus on leveraging insurance platform stability while expanding into high-growth tech sectors.

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Frequently asked questions

Reliance Global Group Inc. is a company focused on acquiring and managing insurance agencies, as well as providing technology-driven insurance solutions. The company operates through its network of affiliated agencies and offers a variety of insurance products, including personal and commercial lines such as home, auto, health, and life insurance. Reliance Global Group leverages its proprietary technology platform to streamline operations, enhance customer experience, and improve efficiency for both agents and policyholders. The company is headquartered in Lakewood, New Jersey, and its shares are listed on the NASDAQ.

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